Business, Management and Accounting
2 years ago

Union Budget Announcement Boosts Stock Market Returns in India!

EPRA International Journal of Multidisciplinary Research (IJMR)
STOCK MARKET REACTION TO THE UNION BUDGET ANNOUNCEMENT IN INDIA: AN EVENT STUDY APPROACH
Maharaj Das, K. K. Das

Paper Summary

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The study looked at how the Indian stock market reacted to the Union Budget announcement in 2022. They found that the announcement had a positive impact on stock returns. This means that when the Finance Minister shared the budget plans, it led to an increase in stock prices. The researchers used a method called event study to analyze this effect. This shows that the market does respond to important financial news like the Union Budget.