InvestorQ : Why has the Sensex and Nifty bounced back sharply after the correction on Budget day?
Ria Jain made post

Why has the Sensex and Nifty bounced back sharply after the correction on Budget day?

Answer
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Anu Biswas answered.
8 months ago


There was too much of pessimism built in after the budget which was not really justified. Also, the tax tweak to the new regime is likely to benefit the consumption story quite effectively and that is the good news. That is the reason most of the consumption stocks have rallied sharply in the last few days! Also, in the last few days, the Chinese virus scare has come down and that is also working in favour of the markets. All these factors jointly contribute to the bounce in the Sensex and the Nifty post the budget.