Published Paper Details:

The study examines the influence of the Union Budget on stock market behavior across selected sectors and highlights its importance in understanding how fiscal policy announcements shape investment decisions, stock price movements, and market confidence. The main purpose of this study is to analyse the extent to which budget announcements affect stock prices, returns, and sectoral market performance during the budget period. The objectives of the study aim to identify changes in stock prices and returns of selected companies during the budget period and to analyse the effects of the Union Budget on sector-wise market performance in the pre- and post-budget periods. The research adopts a descriptive research design and is based on secondary data collected from reliable and authentic sources to provide a systematic understanding of market reactions, while purposive sampling is used to select relevant companies and sectors based on the objectives of the study. Data analysis is carried out using ANOVA to evaluate variations and significant differences in stock performance, supported through the use of JAMOVI software for statistical analysis. The findings of this study are expected to contribute to investors, researchers, financial analysts, policymakers, and market participants by offering insights into budget-driven sectoral trends and improving investment decision-making and policy understanding.