new Delhi. The budget is not far away and the stock market has seen a decline of over 2700 points in the last four trading sessions. In the Modi era, if we look at the business a week before the budget, this is the biggest decline so far. If we talk about today, the Sensex has lost over 900 points, while the Nifty 50 has seen a drop of more than 271 points. According to experts, the market has gone into correction mode. There may be a further decline in the coming trading sessions. At the same time, the effect of the budget is also being seen.
Heavy fall in stock market due to budget
Before Budget 2021, there has been a big decline in the stock market. If we talk today, the Sensex lost 937.66 points to close at 47409.93 points. On the other hand, the National Stock Exchange’s major index Nifty 50 fell by 271.40 points to close at 13967.50 points. The Sensex has broken 2774.08 points from its highest level on January 21. While the Nifty has dropped ***** 05 points from the highest level on January 21. If you talk about the loss of investors, from January 21 till now, 10 lakh crore rupees have been made.
Sensex falls before budget
– A fall of 1040.55 points from 21 January to 31 January 2020.
– A rise of 785.10 points from 24 June to 4 July 2019.
– A fall of 795.36 points from 21 January to 31 January 2019.
– 522.15 points from 22 Jan to 30 Jan 2018.
– An increase of 799.56 points from 23 January to 30 January 2017.
– A fall of 634.49 points from 22 February to 26 February 2016.
– 11.29 points drop from 23 February to 27 February 2015.
– 168.33 points from 1 July to 8 July 2014.
Nifty 50 drops before budget
– A fall of 316.55 points from 20 January to 31 January 2020.
– A rise of 222.65 points from 24 June to 4 July 2019.
– A fall of 255.14 points from 21 January to 31 January 2019.
– An increase of 154.95 points from 22nd to 30th January 2018.
– A rise of 283.40 points from 23 January to 30 January 2017.
– A fall of 181 points from 22 February to 26 February 2016.
– 23 February to 27 February 2015 11-point rise.
– An increase of 11.85 points from 1 July to 8 July 2014.
What do experts say?
Rajneesh Khosla, a stock market expert, says that the stock market has reached correction mode after reaching its peak. He said that 10 percent correction occurs after the market reaches peak. It may see a further decline in the coming days. He said that the Sensex may fall to 45 thousand and the Nifty once again to the 12 thousand mark. Even after the budget, there may be a decline in the market. Even if there is a spurt in the middle, it does not mean that the market has flowed again.