Budget Day 2024 Markets Expectations

What is a Union Budget?

The Union Budget is a yearly financial plan presented by the government, outlining its income and expenses for the upcoming fiscal year.

What is the Interim Budget?

As we have a Lok Sabha election this year, where there would be formation of a new government, so an interim budget is a temporary financial plan presented by the government to manage expenses until a full budget is approved.

How markets reacted on budget days in the last 5 years?

What to expect from the markets on 1st Feb 2024?

Despite this being a major event, since it is the interim budget, we may not see large price movements. Traders, especially option traders: Better to be careful and hedge your positions for unexpected volatility

Analyze the markets on budget day using StockEdge