Everytime , when there is talk of budget , there is also talk of its impact on the stock market. It plays a key role in dictating further market direction as it will help in gauge the new government’s policy stance.We hope today’s Union Budget will surely break the nine-apiece stalemate in market movements witnessed since 1991. Though it’s still a wild guess on what Pranab Mukherjee’s Budget will be all about, what’s certain is that the finance minister’s speech on Monday will tilt the balance one way or the other.
  Starting 1991 — the year Indian economy was historically liberalised from the clutches of the permit raj — there’s been a tie in sensex movement on Budget day vis-a-vis the sensex a month prior to the Budget. The sensex swing was positive nine times and negative an equal number of times. Since the watershed budget of Manmohan Singh in 1991, 18 full Budgets have been placed in Parliament.
  Interestingly, the sensex movement one month after the Budget vis-a-vis that on Budget day is heavily in the negative zone. Only five times has the sensex moved upwards a month after the Budget day close. It came down 13 times. The maximum rise in the sensex on a Budget day compared to one month back was recorded in 1992, 27.9%, the second Budget of Manmohan Singh. The biggest fall was in 1998, 9.1%, during the NDA regime.
  According to figures available, the sensex was at 982 a month before Manmohan Singh placed his first Budget in 1991. The sensex closed at 1,220 on Budget day. In 1992, the figure was 2,214 and 2,831 respectively. The NDA government has the best track record as far as sensex swings go. During its regime between 1998 to 2003, it placed six Budgets and the sensex moved upwards on four occasions.
  On the contrary, the sensex went down on both the budget days of the United Front government. CNI Research MD Kishor Ostwal said this year, sensex would in all probability cross the 15,000 mark again and end up in the positive zone compared to the 15,104 point close a month ago.