How stock markets reacted to past Budget announcements

Every year, when the incumbent Union Finance Minister presents the annual Budget for the forthcoming fiscal, the stock markets have reacted with varying degrees of volatility as investors try to make sense of all the announcements made and their implication for the next year.As India prepares for yet another Budget, here's a look back at how Sensex reacted to budgets in the past under the Modi government.

Union Budget 2020: FM Nirmala Sitharaman's Budget presentation did not cheer the market, as Sensex dropped 988 points or 2.43% to close at 39,735 points, while Nifty dropped 392 points or 3.26 per cent to close at 11,643 points. Credit: PTI Photo

Interim and Union Budget 2019: Acting FM Piyush Goyal's presentation of the Interim Budget on Feb 1 brought in some relaxation in the market as Sensex rose 213 points or 0.59 per cent to close at 36,469, while Nifty rose a marginal 63 points or 0.58 per cent to close at 10,893. However, when Sitharaman presented the Budget of the second Modi government, Sensex closed at 0.99 per cent lower for the day, though it dropped to a low of almost 1.17 per cent. Credit: PTI Photo

Union Budget 2018: Arun Jaitley's last Budget as Finance Minister caused Sensex to drop a marginal 58 points or 0.16 per cent to close at 35,906 points, while Nifty dropped 10 points or 0.1 per cent to close at 11,016 points. Credit: PTI Photo

Union Budget 2017: Finance Minister Arun Jaitley's presentation of the Budget sent cheers down Dalal Street as Sensex rose a whopping 485 points or 1.76 per cent to close at 28,141, while Nifty rose 55 points or 1.81 per cent to close at 8,716 points. Credit: Wikimedia commons

Union Budget 2016: Arun Jaitley presented the Budget on February 29, which resulted in Sensex dropping 152 points or 0.66 per cent to close at 23,002 points, while Nifty fell 42 points or 0.61 per cent to close at 6,987 points. Credit: PTI Photo

Union Budget 2015: Finance Minister Arun Jaitley presented the Modi government's second Budget on February 28, 2015, resulting in Sensex climbing 141 points or 0.48 per cent in the green to close at 29,361 points and Nifty rose 57 points to 0.4 per cent to close at 8,901 points. Credit: PTI Photo

Union Budget 2014: The Modi government's first Budget, presented by Finance Minister Arun Jaitley in July 2014, failed to leave a positive impression on the markets and Sensex fell 72 points or 0.28 per cent to close at 25,372 points, while Nifty fell 17 points or 0.1 per cent to close at 7,558 points. Credit: Reuters Photo