Impact of Union Budget Announcements on BSE Sensex & NSE Nifty 50 Performance

Abstract

The Union Budget plays a critical role in shaping the economic landscape of a country, directly influencing various sectors and the stock market. This study investigates the impact of Union Budget announcements on the daily performance of BSE Sensex and NSE Nifty 50 over the past decade. It aims to identify key budgetary decisions that significantly affected market trends and investor sentiment, focusing on both short-term and medium-term market reactions. By analyzing the stock market response to specific fiscal policies, the study assesses how sectoral performance in India was influenced by the provisions outlined in the Union Budget. The findings of this research will offer insights into the correlation between fiscal policy decisions and stock market movements, contributing to a better understanding of how budget announcements shape investor behavior and market dynamics.