Budget 2026: Why Stock Market Slows Down Before Budget? 15-Year Data Reveals Trends

• Stock market often struggles around budget time, showing weaker performance in the month before and after the Union Budget.
• Data from the last 15 years indicates negative returns 10 times in the month before the budget and 7 times in the month after.
• Long-term perspective (3-6 months) shows much better returns, with positive performance 10-11 times since 2014.
• The budget's role has evolved; GST implementation shifted indirect tax decisions, narrowing focus to direct taxes and policy.
• Despite changes, the budget remains important for fiscal deficit, infrastructure spending, and capital expenditure targets.

Why It Matters: Stock market often dips around budget, but long-term returns are strong; budget's influence is evolving.