Friday 27th of January 2023

Follow Us

Breaking News

On last trading day chaos in stock market! Market closed and the investors sunk crores of rupees

 NEW DELHI: The stock market was seen trading in the red zone on the last trading day of the week. Sensex fell 229 points to close at 60,628 points while Nifty fell 86 points to 18,972 points.

The market continues to decline since morning

This morning the stock market was open in the red mark. The Sensex opened 43.88 points lower at 60,814.55 and the Nifty fell 24.40 points at 18,083.45. Slow pace has been seen in the global market as well. US markets closed lower for the third straight day on fears of a recession. The effect of this has also been seen in the Indian market today. On Thursday, Howe Jones closed at 252 points. Investors will keep an eye on Reliance Industries shares today. Quarterly results of Reliance Industries will come today. 19 out of 30 stocks included in the Sensex are seeing gains and 11 are declining. Banking, IT and FMCG stocks were down in early trade.



 This is how you can make money before budgeting

If you are a stock market investor then you have a great opportunity to earn in the month of January. In fact, the data showed that in the last six out of the last 10 budgets, there was a spectacular bull market in the month before the presentation of the budget. Citing market data, the report said the BSE Sensex rallied 7.5 percent in the month-long run-up to the Budget in 2016. The BSE Sensex performed well in the months leading up to the Union Budget 2017 and 2018, gaining 5.7 percent and 6.2 percent, respectively, according to the data. Similarly, the benchmark rose 1.5 percent in 2021 and 0.6 percent in 2019. The BSE benchmark rose 4.4 percent in 2022.

A decline was seen before these budgets

If we talk about down years, the benchmark Sensex fell by 6.2 percent in 2013, while it fell by 3.8 percent in 2012. In 2020 it also saw a decline of 3.8 percent. In 2014, the benchmark was down 0.8 percent and 0.7 percent in 2015. With the Union Budget 2023-24 just days away, there is a possibility that expectations of a rate hike by the US Federal Reserve could lead to volatility in the BSE benchmark. Also, the geopolitical situation is still volatile due to the ongoing Russia-Ukraine war, the market may show bullish trends in the run-up to the budget. In this scenario one needs to see how the overall trend remains during this month.

Related Business News

Naveen Jindal Unfurls Tricolour at Angul Plant

 ANGUL: Jindal Steel & Power (JSP) celebrated the 74th Republic Day at its biggest steel plant situated at Angul, Odisha. The Chairman of JSP Mr. Naveen Jindal and the Chairperson of Jindal Foundation Mrs. Shallu Jindal joined the mega celebration with the workforce, school students, teache....

Halwa Ceremony Held To Prepare Union Budget 2023-24

 NEW DELHI:The Halwa ceremony, marking the final stage of the Budget preparation process for Union Budget 2023-24, was held in North Block, today afternoon, in the presence of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman and Union Ministers of State for Finance Shri Pa....

O.P.Jindal School Celebrates 12th Annual Function 'Vasudhaiva Kutumbakam: Nrityanjali’ ANGUL:The O.P. Jindal School located  at Jindal Nagar, Angul celebrated its 12th Annual Function 'Vasudhaiva Kutumbakam: Nrityanjali’ at its school premises on Saturday evening. On this occasion Mrs. Sujata Saraogi, President Jindal Mahila Samiti, lighted the lamp....

Budget 2023: Nitish Kumar demands separate railway budget

 Budget 2023: Bihar Chief Minister Nitish Kumar has demanded to pass the railway budget separately from the general budget. Nitish Kumar said that the railway budget should be presented in the same way as it was previously presented separately. Bihar Chief Minister Nitish Kumar, who is on a sol....

Microsoft, Amazon to start layoffs today: Report

SAN FRANSICO:According to reports, Microsoft may cut more positions from its global workforce. Tech giants are cutting staff to cope with tough economic conditions. Bloomberg News reported that Microsoft may announce layoffs in its engineering divisions as early as Wednesday. A Microsoft spokesperso....

Editor :
Jagadananda Pradhan
Email :
For Ads :
Ph : (+91)6764295999
Contact Us
© 2023 Fast Mail Media Pvt Ltd. All Rights Reserved.
Powered by : FM Media Pvt Ltd.
Developed by : Futuradept Tech