The Union Budget is always a big event for the market. Data for the last eight years suggests Nifty's performance leading up to the budget, on most occasions, follows a similar trend.
In seven out of the last eight years, the blue-chip index remained subdued before the budget and gained momentum after it was tabled. Only in 2015 the index performed better before the budget than in the month that followed. That year, the index also ended with losses, the second time since 2009.
The Nifty had also posted losses in 2011, mostly in the second half of the year, because of the Eurozone debt crisis.
How will the markets react this year? Let's wait and watch.
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