The impact of Union Budget on equities has reduced over the years, but it remains significant for Dalal Street. The Finance Minister, Nirmala Sitharaman, will present the Interim Budget for 2024-25 today. The market performance on Budget days has shown negative returns in the past, with the steepest fall in 2020. The recent state assembly elections and improved macroeconomic landscape have boosted investor confidence. Experts expect growth and investment-led announcements with a focus on infrastructure and support for the ‘bottom of the pyramid’. The bulls on Dalal Street remain optimistic but await the finance minister’s decisions.
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