Budget 2019: With 8-9 days left to Union Budget 2019, the stock market is expected to see a pre-budget rally giving the surge in the benchmark indices in the last couple of days. Recently, Nifty crossed the two-week high and expected to continue surging until the full budget representation for FY20 on July 05.
Meanwhile, the BSE-SENSEX has surged nearly 2 percent since the start of May and touched the all-time high of 40,038 earlier this month. However, it would not be guaranteed that the market will move upwards since it lagged behind despite the strong verdict of BJP in the government, good monetary policies, and strong global cues.
The Interim’s budget proposal of giving full-rebate to taxpayers having an annual income up to Rs. 5 lakh boosted Indian equity market quite well.