New Delhi : Budget 2024, before the Lok Sabha elections: But after Finance Minister Nirmala Sitharaman’s speech, the stock market fluctuated several times. The budget starts after the market opens on Thursday. But after the end of the budget, Sensex and Nifty fell a lot. After handling the shock, the stock market is turning around again. However, the index is much behind compared to the morning.
The Bombay Stock Exchange has been running at a slow pace at 71815.74 points since the morning of Budget Day, on Thursday. However, the Sensex index rose after reading the budget. At 11 o’clock the Sensex increased by 282 points and crossed the 72,000 mark. The index was slightly higher than yesterday, Nifty was 24.20 points on Thursday morning.
However, after the presentation of the interim budget, the share index fell quite a bit. The index dropped to 71 thousand and stood at 71826. After that sensex started to fall further. Especially affecting multiple shares of railways. Nirmala did not make any special announcement about railways in the shortest budget of her career as finance minister. Since then, railway shares have been on a downward trend. However, despite a slight decrease, at the end of the day, quite a bit of rise has been seen in the stock market. The gap is gradually narrowing with the morning index.
State-owned banks are providing oxygen to the stock market after the budget presentation. PSU, Bank of India, Punjab and Sindh Bank, UCO Bank, Canara Bank – all banks rose. In several cases the growth rate is up to three percent. According to informed sources, Bombay Stock Exchange shares will not suffer much at the end of the day. Because the finance minister presented a practically ‘vegetarian’ budget. So the investors did not show much enthusiasm.
