Delhi, India - July 22nd, 2024 - With the full budget scheduled for July 23rd, investors are bracing for potential market volatility. This follows the unusual scenario of an interim budget presented in February due to elections.
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While the interim budget saw a healthy market rally, historical data from Morgan Stanley suggests a potential correction after the full budget announcement. The report indicates that in the past 30 years, similar pre-budget rallies have been followed by market crashes.
However, experts caution against blindly relying on historical trends. The unique circumstances surrounding the double budget this year add an element of uncertainty.
The coming days will be crucial as investors await the budget details and assess potential impacts on the market. Stay tuned for further updates on the budget and its implications.
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