New Delhi: Bene Sensex benchmark has been very fluctuating since the last few weeks, to anticipate the Union 2022-23 budget.
In addition, selling globally after the US Federal Reserve signaled the tightening of policies from March, the depreciation rupee and exit of foreign funds that were persistent burden on investor sentiments.
Last week, Sensex fell 1,836.95 points or 3.11 percent, while Nifty lost 515.20 points or 2.92 percent.
However, this does not mean that the market is falling.
According to Dhirendra Kumar, founder and CEO of the research value, both Sensex and Nifty are at a one-month low, but they are above the first level achieved at the end of August, which means that the current level will be high throughout the time.
Five months back.
All eyes are now in the steps that Finance Minister Nirmala Sitharaman will announce in the parliament tomorrow when presenting the 4th UNI budget.
Only a day in front of him, the market entertained the estimated growth of 8-8.5 percent by the economic survey for the financial year of 2022-23.
Bucking Losing Streak last week, 30-share BSE Sensex opened on a strong footing and maintaining its momentum throughout the session.
Finally closed at 58.014.17, recorded an increase of 813.94 points or 1.42 percent.
Likewise, the broader NIFTY NSE strengthened 237.90 points or 1.39 percent ended at 17,339.85.
The market has surged almost 120 percent of the lowest position hit in March 2020 when the government imposed a national locking to curb the spread of Covid-19.
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How the stock market fate on budget days since 2014
