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Mapping Indian Market Performance Around Past 10 Budgets

In the weeks leading to the budget, the Nifty Bank and Nifty FMCG indices rose seven times out of 10.

<div class="paragraphs"><p>(Source: Envato)</p></div>
(Source: Envato)
While the Indian stock benchmark Nifty 50 did not display any significant trends in the week leading to or following prior budget announcements, certain sectoral indices displayed notable trends in returns during the same periods.In the weeks leading to the budget, the Nifty Bank and Nifty FMCG indices rose seven times out of 10, with an average gain of 0.17% and 0.79%, respectively.
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