
Hindustan Aeronautics shares have witnessed sharp selling over the past week, raising concerns among retail and institutional investors alike. The defence major slipped another 6% in early trade on February 5, taking the total decline to over 13% in just five sessions. The stock touched an intraday low near ₹3,953 on the NSE as sentiment weakened across the counter.
The immediate trigger came from media reports suggesting that HAL had not progressed in the bidding process for India’s prestigious Advanced Medium Combat Aircraft programme. This project is viewed as a cornerstone for the next generation of indigenous fighter jets, and any uncertainty around participation naturally impacts market confidence.
HAL responded through an exchange filing stating that it has not received any official communication regarding exclusion from the AMCA process and therefore cannot comment on speculative reports. The management assured stakeholders of complete transparency on material developments.
Importantly, the company highlighted that its existing order book provides revenue visibility well into 2032. Ongoing strategic projects such as the Indian Multi Role Helicopter, LCA Mk2, and Combat Air Teaming System remain on track and are expected to move into production beyond 2032. HAL is also expanding in civil aviation through platforms like Dhruv NG, Hindustan 228, and SJ 100 to create diversified growth engines.
Global brokerage Morgan Stanley has turned cautious on the near-term outlook. Analysts pointed out that while HAL has outperformed the benchmark index by around 4% this year, consensus valuations have corrected about 15% over the past twelve months.
The note highlighted rising private sector participation in defence manufacturing and potential delays due to high import dependence as key risks. With many countries stepping up defence spending, supply chain constraints could slow execution timelines, which may weigh on margins and growth visibility.
The next major trigger for the stock will be the December quarter results scheduled for 12 February 2026. Along with earnings, the board will also consider the first interim dividend for FY26. Investors will watch order inflows, margin trajectory, and commentary on AMCA and other indigenous programmes.
HAL is a bellwether for India’s defence theme, which has been one of the strongest structural stories in recent years. Any volatility in this heavyweight influences sector sentiment and related defence ancillary stocks. The government’s push for self-reliance, higher capital outlay, and export ambitions continue to provide long-term tailwinds, even though short-term price swings are inevitable.
For investors, the episode is a reminder that defence businesses operate on long gestation cycles where news flow can create sharp but temporary reactions. Evaluating balance sheet strength, execution capability, and policy direction remains more important than reacting to daily price moves.
Existing shareholders may track the upcoming results and management commentary before taking fresh calls. New investors should stagger exposure rather than chase momentum. Diversification within the defence basket and disciplined asset allocation can help manage volatility.
Platforms like Swastika Investmart provide SEBI-registered research guidance, technology-driven trading tools, and dedicated customer support to help investors navigate such events with clarity instead of emotion.
Why did HAL shares fall sharply?
The decline followed reports about uncertainty in the AMCA bidding process, which affected market sentiment despite no official confirmation from the company.
Is HAL’s business outlook weak?
HAL maintains a strong order book till 2032 and continues to work on multiple defence and civil aviation programmes, indicating healthy long-term prospects.
When will HAL announce Q3 FY26 results?
The board meeting for audited results and interim dividend is scheduled for 12 February 2026.
What are the key risks highlighted by analysts?
Rising private competition, execution delays, and import dependence are seen as near-term challenges.
HAL remains a strategic pillar of India’s defence manufacturing ecosystem. Recent volatility is largely sentiment-driven, while fundamentals such as order visibility and government support stay intact. Investors should focus on data rather than noise and rely on credible research support.
Begin your informed investing journey with Swastika Investmart’s tech-enabled platform, trusted research, and investor-first approach.

Wipro’s Q3FY26 earnings reflect a familiar theme playing out across India’s IT sector: gradual demand recovery, but continued pressure on margins and deal momentum. While revenue growth showed improvement, profitability took a hit due to one-time costs linked to labour code implementation and restructuring initiatives.
For investors tracking large-cap IT stocks, Wipro’s quarterly performance offers important clues about how the sector is navigating global uncertainty, cautious client spending, and regulatory changes back home.
At a headline level, Wipro reported sequential revenue growth, but earnings missed street expectations due to margin compression and lower-than-expected deal wins.
Revenue for the quarter rose 3.78 percent quarter-on-quarter to Rs 23,555.8 crore, marginally above estimates. However, operating performance weakened as EBIT declined 5.14 percent to Rs 3,491.4 crore, while net profit slipped 3.91 percent to Rs 3,119 crore.
This divergence between revenue growth and profit performance highlights the cost pressures facing IT companies in the current environment.
Despite the headline miss, there were some encouraging trends beneath the surface.
Wipro reported constant currency growth of 1.4 percent quarter-on-quarter, a notable improvement from 0.3 percent in the previous quarter. This suggests that client spending is stabilising after multiple quarters of muted demand.
For Indian IT companies, constant currency growth is a key indicator as it strips out currency fluctuations and reflects true business momentum.
Revenue came in slightly ahead of market expectations, reflecting steady execution across key verticals. While growth remains modest compared to historical cycles, it indicates resilience in Wipro’s diversified business model.
Management guided for Q4FY26 revenue growth in the range of 0 percent to 2 percent, an improvement over Q3’s guidance band of minus 0.5 percent to plus 1.5 percent. This suggests confidence in near-term order flows, even as macro uncertainty persists.
The biggest disappointment in Wipro’s Q3FY26 results was the sharp decline in margins.
EBIT margin dropped 139 basis points to 14.82 percent, well below market expectations. The key reason was a one-time impact of Rs 565 crore related to labour code implementation and restructuring expenses.
India’s new labour codes are expected to improve long-term workforce efficiency and compliance, but the transition has created short-term cost pressure for IT firms with large employee bases.
Lower operating leverage and one-time costs led to a miss at the net profit level as well. For investors, this reinforces the view that margin recovery across the IT sector may be gradual rather than immediate.
One area that raised concerns was total contract value bookings, which fell to $3.3 billion in Q3FY26 from $4.6 billion in Q2FY26.
Lower deal bookings can impact revenue visibility over the next few quarters, especially in an environment where clients are cautious about discretionary spending.
While deal pipelines remain healthy, conversion timelines appear stretched, a trend seen across the broader Indian IT services space.
Wipro’s results mirror broader sector trends.
For Indian equity markets, this suggests that IT stocks may remain range-bound until clearer signs of demand acceleration emerge.
Looking forward, Wipro’s performance will hinge on three key factors.
As one-time labour code and restructuring costs fade, margins could stabilise, provided pricing pressure does not intensify further.
Improved deal execution and ramp-ups will be critical to sustaining revenue growth in FY27.
Any easing in global interest rates or improvement in US and European tech spending could act as a positive trigger for the stock.
Did Wipro meet earnings expectations in Q3FY26?
No, Wipro missed estimates at the profit level due to margin compression and one-time costs.
Why did Wipro’s margins fall sharply?
Margins declined mainly due to the one-time impact of labour code implementation and restructuring expenses.
Is Wipro’s revenue growth improving?
Yes, constant currency growth improved sequentially to 1.4 percent, indicating stabilising demand.
What does Wipro’s Q4FY26 guidance indicate?
The guidance of 0 percent to 2 percent growth suggests cautious optimism despite global uncertainty.
Should long-term investors worry about these results?
Long-term investors may view near-term weakness as part of a broader sector transition rather than a structural issue.
Wipro’s Q3FY26 earnings underline a slow but steady recovery path for India’s IT sector. While revenue momentum is improving, margin pressure and softer deal bookings remain near-term challenges.
For investors seeking deeper insights into earnings trends, valuations, and sector outlooks, Swastika Investmart, a SEBI-registered brokerage, offers robust research tools, expert analysis, and responsive customer support to help make informed investment decisions.
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Silver prices in India have surged past the psychological mark of ₹3 lakh per kilogram, grabbing the attention of traders, investors, and even traditional jewellery buyers. The rally comes at a time when global uncertainty is intensifying, driven by geopolitical conflicts, supply chain disruptions, and fears of prolonged economic instability.
While gold usually steals the spotlight during uncertain times, silver has quietly emerged as a strong performer. The big question now is whether this rally has further legs or if prices are running ahead of fundamentals.
Silver’s recent price movement is not a coincidence. Multiple global and domestic factors are working together to push prices higher.
Escalating tensions in key global regions have increased demand for safe-haven assets. Investors typically turn to precious metals when uncertainty clouds global growth and financial stability. While gold remains the primary hedge, silver often benefits alongside it due to its dual role as a precious and industrial metal.
A softer dollar makes commodities cheaper for non-US buyers, boosting demand. Since silver prices are globally benchmarked in dollars, any depreciation in the greenback tends to support prices in international and Indian markets.
Persistent inflation concerns and uncertainty around future interest rate trajectories have added to silver’s appeal. Even when interest rates remain elevated, investors often allocate to precious metals as a hedge against purchasing power erosion.
Unlike gold, silver has extensive industrial applications, which adds a second layer of demand.
India’s push toward renewable energy and electrification is structurally positive for silver demand. As the country expands solar capacity and EV adoption, silver consumption is expected to rise steadily.
The rally in silver has had visible spillover effects across Indian financial markets.
Indian retail investors, traditionally inclined toward gold, are now showing renewed interest in silver. Many are using silver ETFs and commodity futures to gain exposure without holding physical metal.
Higher silver prices increase input costs for jewellery manufacturers and industrial users. While some costs are passed on, margins may come under pressure in the short term.
Silver is known for sharper price swings compared to gold. This volatility attracts traders but also demands disciplined risk management.
The move above ₹3 lakh per kg has sparked debates around valuation.
Historically, silver tends to outperform gold during late-stage commodity cycles but also corrects faster when sentiment turns.
Indian investors have multiple regulated avenues to invest in silver.
Suitable for long-term holders, though storage and purity remain considerations.
SEBI-regulated silver ETFs offer transparency, liquidity, and ease of trading without physical handling.
Active traders can use MCX silver futures, but these require higher risk tolerance and margin discipline.
Each option suits different investment goals and risk profiles.
Silver works best as part of a diversified portfolio rather than a standalone bet.
Why have silver prices crossed ₹3 lakh per kg in India?
Rising geopolitical tensions, strong industrial demand, and a weaker dollar have driven prices higher.
Is silver a safer investment than gold?
Silver offers higher return potential but also comes with greater volatility compared to gold.
Can silver prices fall after such a sharp rally?
Yes, short-term corrections are common in silver, even during long-term bull phases.
How can retail investors invest in silver easily?
Silver ETFs provide a convenient and regulated way to invest without physical storage concerns.
Is silver suitable for conservative investors?
Silver may be better suited for investors with moderate to high risk tolerance.
The move in silver beyond ₹3 lakh per kg reflects deeper global shifts rather than short-term speculation alone. While geopolitical risks and industrial demand provide strong support, silver’s journey is rarely smooth.
For investors seeking informed exposure to commodities, Swastika Investmart, a SEBI-registered brokerage, offers research-backed insights, advanced trading platforms, and strong customer support to help navigate volatile markets with confidence.
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India’s e-commerce boom has reshaped how goods move across the country. From next-day deliveries to 10-minute grocery promises, last-mile logistics has become the backbone of digital consumption. Riding this powerful trend, Shadowfax Technologies’ IPO is drawing investor attention as another tech-enabled logistics player tapping public markets.
However, strong sectoral tailwinds do not always translate into comfortable investment returns. This IPO demands a closer look at growth quality, valuation comfort, and risk concentration before taking a call.
Shadowfax operates in one of the fastest-growing segments of India’s logistics ecosystem: last-mile and e-commerce delivery.
Key growth drivers include:
As a technology-driven, asset-light platform, Shadowfax is well positioned to capitalise on these trends. Its delivery partner network and route optimisation tools allow it to scale quickly without heavy infrastructure investments.
This structural growth opportunity forms the core bull case for the IPO.
Shadowfax has shown improving revenue momentum, driven by higher shipment volumes and deeper integration with large e-commerce platforms.
However, profitability remains a challenge.
Operating margins are thin due to:
While losses have narrowed in phases, margin visibility is still evolving, making earnings predictability uncertain for investors focused on cash flows.
At an estimated price-to-sales multiple of around 2.8x, the Shadowfax IPO appears expensively priced compared to listed peer Delhivery, which operates at a lower valuation multiple despite being larger and more diversified.
Given that Shadowfax and Delhivery operate in similar segments, investors may question whether Shadowfax deserves a higher multiple without proven profitability.
This valuation gap makes downside risk more meaningful if execution falters.
One of the most critical concerns in the Shadowfax IPO is revenue concentration.
A significant portion of the company’s revenue comes from just two clients:
Although Flipkart’s investor status adds strategic comfort, it also creates dependency risk. For public market investors, such concentration reduces business stability.
For many retail participants, waiting post-listing for better price discovery may be a more prudent approach, especially in volatile market conditions.
Shadowfax’s IPO highlights an ongoing trend where new-age, platform-driven companies are testing public market appetite.
While such listings deepen India’s capital markets, they also require higher levels of investor scrutiny around governance, sustainability, and profitability timelines.
SEBI’s tightening disclosure norms have improved transparency, but valuation discipline remains crucial for retail investors.
Is Shadowfax benefiting from India’s e-commerce growth?
Yes, the company is a direct beneficiary of rising online consumption and last-mile delivery demand.
Why is profitability still low?
High delivery partner costs, incentives, and expansion investments continue to weigh on margins.
Is Shadowfax IPO expensive compared to peers?
At around 2.8x price-to-sales, it is valued higher than listed peer Delhivery.
Does client concentration pose a serious risk?
Yes, heavy reliance on Flipkart and Meesho increases revenue and margin vulnerability.
Should conservative investors apply?
Conservative investors may consider waiting until post-listing performance stabilises.
The Shadowfax Technologies IPO offers exposure to a powerful structural growth theme but comes with elevated valuation risk, profitability uncertainty, and client concentration concerns.
For investors who rely on deep research and disciplined analysis, Swastika Investmart, a SEBI-registered brokerage, provides detailed IPO insights, robust research tools, and strong customer support to help navigate such high-stakes opportunities.
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Every year, the Union Budget becomes one of the most closely watched events for Indian markets. A common question traders ask is whether the stock market will remain open on Budget Day 1st February 2026.
As per long-standing practice, Indian stock markets remain open on the day the Union Budget is presented, provided it falls on a normal trading day. Both NSE and BSE allow trading to continue during Budget presentations so that markets can immediately react to policy announcements, taxation changes, and sector-specific measures.
If the Budget presentation happens to coincide with a non-trading day, exchanges may announce a special live trading session, subject to official notification. Traders should always rely on exchange circulars for final confirmation.
The Union Budget directly influences the economy, businesses, and investor sentiment. Keeping markets open ensures transparent price discovery and avoids panic-driven reactions later.
During previous Budgets, sectors such as banking, infrastructure, FMCG, capital goods, and PSU stocks witnessed sharp movements within minutes of announcements. For example:
Allowing live trading ensures these reactions happen in a regulated and orderly manner.
On a normal Budget Day trading session, the market follows standard timings:
Any deviation such as extended trading or special sessions is communicated in advance by NSE and BSE through official circulars.
Budget Day is known for sudden spikes in volatility. Nifty and Sensex can swing sharply as headlines emerge. Options premiums rise, and intraday traders see rapid price movements.
Different sectors respond differently depending on policy direction:
While intraday moves can be volatile, long-term investors focus on structural reforms, growth outlook, and fiscal stability outlined in the Budget speech.
SEBI continuously monitors trading activity during high-volatility events like the Union Budget to ensure market integrity, risk management, and investor protection.
Budget Day is not about predicting the Budget but responding to it intelligently. This is where a reliable, SEBI-registered broker becomes critical.
Instead of reacting blindly to headlines, Swastika Investmart empowers traders with context, analysis, and disciplined execution.
Yes, if 1st February 2026 is a regular trading day, NSE and BSE will remain open. Any special session will be announced officially by the exchanges.
Budget Day offers opportunities due to volatility, but it also carries higher risk. It suits experienced traders with strict risk management.
No. Sector-specific announcements impact stocks differently. Some sectors benefit while others may see profit booking.
Beginners should be cautious. Observing the market or trading with minimal exposure is usually advisable.
The Union Budget is a defining event for Indian financial markets, and the market remaining open on Budget Day 1st February 2026 ensures transparency and real-time price discovery. While volatility is inevitable, disciplined trading and informed decision-making make all the difference.
If you want expert insights, robust technology, and reliable support during high-impact events like the Union Budget, consider trading with Swastika Investmart, a trusted name in Indian capital markets.
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• Union Budget 2026 focuses on growth, stability, and long-term economic strength
• Key attention areas include taxation, infrastructure, jobs, and digital India
• Markets react to direction and intent rather than just numbers
• Investors should focus on sectors aligned with government priorities
• Choosing a SEBI-registered broker like Swastika Investmart helps navigate budget-led volatility
Every year, the Union Budget sets the financial roadmap for India. Union Budget 2026 is no different. It reflects how the government plans to manage income, spending, and economic priorities for the coming year.
In simple terms, the budget answers three big questions
Where will the government earn money from
Where will it spend that money
How will these decisions affect citizens, businesses, and investors
For a salaried individual, it matters because of taxes and savings. For businesses, it impacts costs and growth. For investors and traders, it influences stock markets, sectors, and sentiment.
India is currently balancing growth with fiscal discipline. Union Budget 2026 plays a key role in maintaining this balance while supporting long-term goals like employment generation, infrastructure development, and digital expansion.
The budget also sends strong signals to global investors about India’s policy stability, reform direction, and ease of doing business. This directly impacts foreign investment flows into Indian markets.
Infrastructure spending continues to be a backbone of India’s growth story. Roads, railways, logistics, housing, and urban development usually remain in focus.
For example, higher capital expenditure helps sectors like cement, steel, capital goods, and infrastructure finance companies. Markets often track this closely on budget day.
One of the most awaited parts of any budget is taxation. Union Budget 2026 is closely watched for potential changes in income tax structures, deductions, and compliance simplification.
Even small tweaks in tax rules can improve disposable income, which boosts consumption across sectors such as FMCG, retail, automobiles, and consumer durables.
Micro, Small, and Medium Enterprises form the backbone of employment in India. Budget measures typically focus on easier credit access, digital compliance, and lower operational burden.
Startups also benefit from policy clarity, especially around funding, taxation, and innovation incentives. These measures help strengthen India’s entrepreneurial ecosystem.
Technology-enabled governance remains a key theme. Digital payments, fintech growth, and financial inclusion initiatives improve efficiency and transparency.
This benefits banks, NBFCs, fintech platforms, and retail investors who now have easier access to markets through mobile trading and investment apps.
Stock markets react less to headlines and more to long-term direction. A growth-oriented budget usually supports positive sentiment, while fiscal discipline reassures bond markets and rating agencies.
Budget day often sees sharp intraday movements. Traders actively track announcements related to taxes, capital expenditure, and sector-specific incentives.
Infrastructure, banking, manufacturing, and consumption-linked sectors often gain traction if policy support is clear. Defensive sectors may underperform during growth-focused budgets.
This is where strong research and timely insights become critical.
Instead of chasing instant reactions, long-term investors should align portfolios with budget priorities.
For example
If infrastructure spending is emphasized, look at quality companies with strong order books
If consumption is supported, focus on demand-driven businesses
If financial inclusion expands, banks and fintech-linked stocks may benefit
A disciplined approach matters more than quick speculation.
Budget announcements bring volatility. Having the right trading and investing partner makes a real difference.
Swastika Investmart, a SEBI-registered stock broker, offers
Strong research tools that break down market impact in simple language
Tech-enabled trading platforms for smooth execution during volatile sessions
Dedicated customer support for traders and investors
Continuous investor education to help clients make informed decisions
These strengths help investors stay confident even during fast-moving markets.
Union Budget 2026 is the government’s annual financial plan explaining how it will earn and spend money to manage the economy.
Yes. Budget policies influence sectors, investor sentiment, and short-term volatility in Indian markets.
Beginners should avoid impulsive decisions and focus on long-term fundamentals rather than budget-day noise.
Infrastructure, banking, manufacturing, and consumption-linked sectors often benefit depending on policy focus.
By using reliable research, risk management tools, and trading through a trusted SEBI-registered broker.
Union Budget 2026 is not just about numbers. It reflects India’s economic vision and policy intent. Understanding it in simple words helps individuals, businesses, and investors make better financial decisions.
For those looking to trade or invest confidently during budget-driven market movements, having a reliable partner matters.
Swastika Investmart combines regulatory trust, advanced technology, deep research, and investor-first support to help you navigate markets with clarity.
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The Union Budget is more than an annual financial announcement. Over the decades, it has acted as a mirror of India’s economic priorities, responding to global shocks, domestic reforms, and growth ambitions. As we look at Union Budget 2026, comparing its direction with historic budgets helps investors and traders understand where India stands and where it may be headed next.
This historic budget performance comparison places Budget 2026 in context with earlier milestones and explains what it means for Indian markets today.
In the early decades after independence, Union Budgets focused on nation-building, public sector expansion, and resource allocation. A turning point came in the early 1990s, when liberalisation-driven budgets opened India to global trade and private enterprise. These reforms reshaped capital markets and laid the foundation for long-term growth.
Later budgets introduced tax rationalisation, financial sector reforms, and regulatory strengthening. The introduction of GST in the late 2010s simplified indirect taxation and improved compliance, influencing corporate profitability and market transparency.
Union Budget 2025 focused on increasing disposable income through tax relief and boosting demand while maintaining fiscal control. This helped improve consumption-led sectors and supported market sentiment.
Budget 2026 builds on this base. Projections indicate a continued emphasis on fiscal discipline with a marginally lower fiscal deficit target, signaling confidence in economic resilience. This consistency reassures investors, especially foreign institutional participants who track India’s macro stability closely.
One clear trend across recent budgets is the rising share of capital expenditure. Roads, railways, ports, and digital infrastructure have received sustained funding. Historically, budgets that increased capital spending created positive ripple effects across sectors such as cement, steel, engineering, and banking.
Budget 2026 continues this trajectory. Compared to older budgets that relied heavily on revenue spending, the current approach reflects a structural shift toward productivity-led growth. Markets tend to reward such discipline over time, even if short-term volatility exists on Budget Day.
Indian stock markets often react sharply during the budget speech. Traders watch for changes in taxation, sector incentives, and government borrowing plans. However, history shows that markets stabilize once clarity emerges.
For example, budgets that combined tax rationalisation with infrastructure investment generally led to sustained rallies in the following quarters. On the other hand, populist budgets without fiscal backing often triggered temporary optimism but lacked long-term momentum.
Budget 2026, when compared historically, fits the former category. Its focus on growth with control aligns with what markets have rewarded in the past.
Historically, different budgets favored different sectors. Manufacturing and infrastructure benefited from production-linked incentives. Financial services gained from regulatory clarity and recapitalisation. Technology and digital platforms grew with increased emphasis on Digital India initiatives.
Budget 2026 is expected to maintain this balanced sectoral approach. For traders and investors, understanding these patterns is critical. Research-backed insights help identify which themes may outperform post-budget.
A key strength of recent budgets is alignment with regulatory frameworks set by institutions like SEBI and RBI. Regulatory predictability has improved investor confidence and reduced systemic risk.
Budget announcements that support transparent markets, compliance ease, and digital oversight strengthen India’s investment environment. This consistency contrasts with earlier decades when frequent policy shifts created uncertainty.
Historically, investors who stayed invested during structurally strong budgets benefited from compounding growth. Budget 2026 signals continuity rather than disruption, which favors disciplined long-term strategies.
Budget days bring volatility. However, experienced traders rely on pre-budget research, sector analysis, and post-budget clarity instead of reacting emotionally. SEBI-registered brokers with strong research desks play a key role in helping traders navigate such sessions.
Swastika Investmart, with its research-driven approach, tech-enabled platforms, and responsive customer support, supports traders during high-impact events like the Union Budget.
After previous growth-focused budgets, infrastructure and banking stocks often outperformed broader indices over the medium term. Traders who tracked budget themes using professional research tools were better positioned to manage risk and capture opportunity.
This pattern reinforces why historic budget performance comparison is not just academic. It directly influences practical trading and investment decisions.
It is the analysis of how past Union Budgets impacted economic growth, fiscal stability, and market performance compared to the current budget.
It reflects continuity in fiscal discipline and capital spending, which historically supports long-term market growth.
Not immediately. Markets may show short-term volatility, but structurally strong budgets tend to support long-term trends.
By using research-backed insights, understanding sectoral impact, and trading through SEBI-registered platforms.
Historic budget performance comparison shows that India’s strongest market phases followed budgets focused on reform, discipline, and infrastructure-led growth. Union Budget 2026 fits into this broader narrative, signaling stability and long-term opportunity rather than short-term disruption.
For investors and traders, understanding these patterns is essential. With reliable research, modern trading tools, and strong investor education, Swastika Investmart helps market participants make informed decisions during critical events like the Union Budget.
If you are looking to trade or invest with clarity and confidence, this is the right time to begin.


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