The budget 2021 has been a boon for the equity market as there has been no increased tax rates and an increased expenditure on part of the government. Proposal of disinvestment of 2 PSUs including LIC and formation of bad banks has led to Bank Nifty soaring to new heights.
Budget and the Bourses
On 1st February 2021, Finance Minister Nirmala Sitharaman had presented Budget 2021 & on the very same day stock market went up by 2300 points. What could be the possible reasons for the same?