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Will The Indian Stock Market Rise Or Fall After The Budget? How Bourses React To Budget
It has been seen in the past that there is a build-up to the Budget day and then the market tanks or rises, depending on whether the announcements are in line with expectations.
![Will The Indian Stock Market Rise Or Fall After The Budget? How Bourses React To Budget Will The Indian Stock Market Rise Or Fall After The Budget? How Bourses React To Budget Will The Indian Stock Market Rise Or Fall After The Budget? How Bourses React To Budget](https://feeds.abplive.com/onecms/images/uploaded-images/2024/07/21/d3a28b42995c9a7ca98254a15453520c1721570360511997_original.jpg?impolicy=abp_cdn&imwidth=1200&height=675)
The markets have recovered completely from the losses suffered on June 4, when the Lok Sabha election results saw the BJP fail to secure a simple majority.
Source : PTI
The markets are at an all-time high – Nifty 50 at above 24,500 levels and Sensex at around 80,600. The indices have given returns of almost 20%-plus since the announcement of state election results in December 2023.
The Nifty PE (price to earnings) ratio is at very high levels, at 22.9. It is natural that people could book some profits and take some money off the table. While some experts predict a correction anytime soon, others believe markets have steam left for two-three years.
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