Stock Market Reaction on Budget 2010

Trinity Journal of Management, IT & Media (TJMITM)
Year: 2010 (Jan-Dec), Volume: (1), Issue. (1)
First page: (22) Last page: (28)
Online ISSN: A/F
Print ISSN: 2320-6470
doi: 

Stock Market Reaction on Budget 2010
Ms. Richa Joshi1 and Ms. Supriya Maheshwari2

1lecturer, Ttrinity institute of J Professional Studies Delhi (Affiliated to GGS lndraprastha University)
Corresponding author email id:

Received:
26 -04-2010

Accepted:
23-06-2010

Online Published:
14-07-2010

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ABSTRACT

Finance Minister Pranab Mukherjee  on Friday 26 February, 2010 came  out with a Union Budget 2010 that  could be described as a fine balancing  act. The Union Budget 2010 managed  to spring up quite a f ew surprises.  With the Indian Stock Markets  anxiously waiting for the budget, it  was a stock market friendly budget to  say the least. While a lower fiscal  deficit in the financial year ahead,  resulting in a lower government  borrowing, soothed the stock markets’  nerves, an overhauled personal tax  structure provided relief to individual  taxpayers. Not surprisingly, stock  markets gave a rousing welcome to  the Budget and rose immediately as  the FM presented his speech.  

KEYWORDS

budget , balancing  , overhauled , taxpayers