Stock Market Trends From Budget 2025: Nikunj Dalmia, Editor-in-Chief of ET NOW and ET NOW Swadesh, has given his opinion on the boom seen in the stock market on January 2. He said that the events that happen in the first week of the year can affect the trend of the entire year. This may be the true picture before the budget. Dalmia also pointed out that this rally was not due to large FII purchases, but it was due to the movement in the F&O market.

Market outlook for Budget 2024

Nikunj Dalmia in his Editors Take said that before the upcoming Budget 2025, the market direction and sentiments will be very important. He said that looking at the rally of January 2, he feels that this rally could be the true picture before the budget.

“The most important factor behind this game is the pre-budget sentiment and liquidity of the market. Apart from this, he also indicated that what happens in the global markets before the change of power in America will also be important for the market.

expectations from the budget

Though the impact of the budget has diminished in the past few years, Nikunj Dalmia said expectations are quite high this time. "Everyone wants the government to do something special this time, and given this, expectations from the budget remain high," he said.

He believes that this time's budget, especially keeping in mind the economic situation, can prove to be an important litmus test. This budget will be important not only for India but also for the global markets.

Eye on Nifty: Signal of going above 200-DMA

Nikunj Dalmia also gave his opinion about Nifty. He said that in the last few months, Nifty has managed to move above 200-DMA, which can be a positive sign. Nifty has also found an important support on January 2, and this is a good sign to say the least.

“It’s hard to say if the price action on January 2 is a sign of what’s to come, but this is an exceptional January and we have to wait it out,” he concluded.