📉📈 With the Budget Day just around the corner, market participants are on the edge, wondering if the indices will climb or plungeHistorical data offers some fascinating insights: since 2004, benchmark indices like Sensex and Nifty 50 often fall on the Budget Day in July but tend to rally strongly for the rest of the yearNotably, years like 2009 and 2014 saw significant Budget Day drops, only to witness robust post-budget recoveriesDifferent sectors also react uniquely to budget announcements, with indices like BSE FMCG showing resilience while others like BSE Metal experience declinesDespite initial dips, the overall yearly performance usually reflects strong gains, underscoring investor confidence in long-term economic policiesGet the full scoop and prepare yourself for the upcoming market moves! 📊👇 Dive into the details of how to go about saving & investing wisely after this budget!__👉 Disclaimer: Investments in securities market are subject to market risks, read all the related documents carefully before investingMutual Fund investments are subject to market risks, read all scheme related documents carefullyPMS is not offered in the commodity derivative segmentInsurance is the subject matter of solicitationRegistration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors #smc #smcglobal #investing #budget #2024
Posted On: 22 Jul 2024 5:44 PM
