The Union Budget, which is presented each year, is one of the most followed economic events in India, especially for stock market investors. Interim finance minister Piyush Goyal will present the sixth and final Budget of the Narendra Modi government for this tenure. The BSE Sensex has gained 0.52 percent this year so far.
This government have so far presented five union budgets since they took over in May 2014 and Sensex has delivered negative returns in three out of five such occasions, on the day of the budget.
When the BJP-led government presented the full budget for the year 2014-15 on July 10, 2014, the Sensex fell 72 points on the day of the budget.
On the last occasion when the finance minister presented the budget on February 1, 2018, the Sensex lost 58.35 points from the previous day’s close.
The highest gain in the Sensex on a budget day was seen during the union budget 2015-16 presented on February 28, 2015, when the Sensex ended 517 points up from the previous day close.
Here is a look at how the Sensex had reacted to last five budgets presented by the BJP-led government during this tenure: