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Buying stocks post Budget 2016 announcement can be a good option. Here’s why

BI India BureauFeb 23, 2016, 12:04 IST

At a time when Indian markets are going through rough weather due to global crisis, there are hopes that the Sensex will go up after Budget 2016.

If past data are analysed, they will reveal that Indian markets go strong after one month from the announcement of the budget.

In past four instances, 2009, 2010, 2011 and 2014, Sensex showed upward trend around 5-10 per cent in one month post Budget.

It is likely that people will buy stocks post Budget.