Sensex, Nifty rally 5 percent to clock in the best Budget day since 1997

Jan 31, 2021

By: Navdeep Yadav

First time in the history of independent India, Sensex closed over 2,300 points higher on Budget day

Financial, auto and metal indices rose as investors poured in money.

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It would be worth watching the indices over the next month as the budgets broke the six-day losing streak.

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In 1997, both Sensex and Nifty rallied over 6 percent on Budget Day.

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​In the past 7 years, Sensex...

Fell more than 5 percent in a month post-budget on 3 occasions.

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​Out of the 7 budgets by the PM Modi-led government...

Sensex rose only twice in a month post-budget — 7.6 percent in 2016 and 2.7 percent in 2017.

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Budget 2011: Sensex rose 6 percent in the month after the budget from Late Pranab Mukherjee.

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Budget 2012: The indices plunged nearly 2 percent in a month.

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Budget 2013: Sensex was nearly flat for a month post-budget announcement by P Chidambaram.

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Budget 2014: Sensex didn’t see a major movement for a month post-budget announcement.

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Budget 2015: The indices plunged 6.4 percent in a month post-budget announcement by Late Arun Jaitley.

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Budget 2016: Sensex still managed to give a whopping 7.6 percent return in a month post-budget.

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Budget 2017: Sensex gave 2.7 percent return in a month post-budget announcement by Lt Arun Jaitley.

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Budget 2018: Sensex lost 5.1 percent in a month post-budget announcement by Late Arun Jaitley.

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Budget 2019: Sensex shed a whopping 7.1 percent in a month post-budget announcement by acting FM Piyush Goyal.

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Budget 2020: The indices were down nearly 4 percent in a month post-budget by FM Nirmala Sitharaman.

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​Tune into Business Insider

For the latest news and updates on India’s Union Budget 2021

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