The question is answered this way from my side….
Budget reasonably better than market expectation – market stays flat or moves up
Budget worse than market expectation – market tanks for sometime but eventually will settle better in a week or a month and will carry it’s course
Budget is superlative to market expectations – market is going to rocket for a brief period & then settle off until the next trigger
Budget equals market expectations – flat to negative impact immediately but will move on
Bottomline….
Collective Market Expectations
Vs
Reality in Budget
will decide the short term market course
Else, it’s an annual event along with a traditional halwa preparation
As I hear…. Market has no expectations from the budget as of today, but, who knows the market or the people who prepared the budget ?