Sensex which is one of the equity benchmarks in India has either reacted positively or negatively on the Union Budget announcement day. A month's performance of the equity markets ahead of the announcement of budget plays a very important role in determining the market's sentiments.
The viral outbreak of coronavirus in the neighbouring country China and its outspread to over 18 countries so far have toppled the global equities markets.
The market is expecting bigger reforms from the current Finance Minister - Nirmala Sitharaman to address the economic loopholes aggressively. With the growth of the Indian economy under the shadow, the government is likely to announce sops to commence a road map for economic recovery.
Let's have a look at how Sensex performed on the big day over past 10 years:
Union Budget 2010
Presented by the then Finance Minister - Pranab Mukherjee on February 26, 2010. The Sensex gave a positive return of 1.08 percent as the fiscal deficit stood at 5.5 percent.
Union Budget 2011
The Finance Minister Pranab Mukherjee presented the budget on February 28, 2011. On this day, Sensex gained marginally by 0.69 percent. Fiscal deficit was at 4.6 percent.
Union Budget 2012
The Union Budget for 2012 was presented by Pranab Mukherjee for the last time under the UPA government regime on March 16, 2012. Fiscal deficit target was set at 5.1 percent. Sensex ended with a loss of 1.19 percent.
Union Budget 2013
Presented by Finance Minister - P Chidambaram on February 28, 2013, the fiscal deficit was contained at 5.2 percent. Sensex fell 1.52 percent.
Union Budget 2014
P Chidambaram presented the budget on February 17, 2014, and the fiscal deficit was targeted at 4.1 percent. Sensex curtailed by 0.28 percent, the declining trend continued for three consecutive days.
Union Budget 2015
Presented by Finance Minister, Arun Jaitely on February 28, 2015, pegged fiscal deficit at 3.9 percent of gross domestic product (GDP). On this day, Sensex ended at a higher note by gaining 0.48 percent.
Union Budget 2016
Arun Jaitley presented the budget on February 29, 2016, and stuck to the fiscal deficit of 3.5% of GDP for fiscal 2016 -17. Sensex on this day lost 0.66 percent.
Union Budget 2017
Arun Jaitley presented the Union Budget for 2017 on February 1 and Sensex rose by 1.76 percent, marking its highest Budget Day since 2010. The government recommended a fiscal deficit of 3 percent of GDP.
Union Budget 2018
Former Finance Minister - Arun Jaitley's last budget was presented on February 1, 2018, with fiscal deficit pegged at 3.3 percent of GDP. On this day, the Sensex fell slightly by 0.16 percent.
Union Budget 2019
Piyush Goyal, the acting Finance Minister presented the Union Budget for 2019 on February 1, 2019, and kept the fiscal deficit target at 3.4 percent of GDP. Sensex gained 0.59 percent.