How stock markets have behaved before and after Budgets since 2000

As Dalal Street prepares for the upcoming Budget presentation by Finance Minister Nirmala Sitharaman later this month, a study of market behavior since 2000 reveals that investors tend to reduce their exposure one week before and re-enter one week after Budget day. However, investing on the day before the Budget results in mixed outcomes, with a 54% chance of negative returns one month later, akin to a coin toss.