According to reports, the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) are actively evaluating operational requirements to enable smooth trading on this crucial day.
Trading hours on February 1 are expected to follow the regular market timings to ensure smooth operations, as Budget Day often brings key policy announcements that can impact market movements.
Historically, markets have remained open on similar occasions to accommodate such high-impact events. Notably, trading was also conducted on the Budget days in 2020 and 2015 (Saturday, February 1, 2020, and Saturday, February 28, 2015).
Exchanges believe it may be essential to provide an opportunity for investors and traders to react promptly to key announcements made during the Budget presentation.
Market participants, including retail and institutional investors, eagerly anticipate participation on these days, as it allows for immediate positioning and adjustments in portfolios based on the Budget’s implications.Also read: Va Tech Wabag shares crack 19% after Rs 2,700 crore Saudi Arabia order gets canceled
Typically, sectors like infrastructure, banking, manufacturing, and healthcare witness heightened activity during the Budget presentation, depending on various policy announcements by the government.
Budget Day also holds importance for the stock market because the Union Budget outlines the government’s economic policies, taxation plans, and sector-specific allocations, which can significantly impact businesses, industries, and investor sentiment.
The Budget Day becomes a key monitorable event as it further sets the tone for the economy and market trends for the year ahead.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
