Budget simplified and historical market reaction

Letter #111

Budget simplified and historical market reaction

Letter #111


In today’s ET article, we present a simplified approach to comprehending the Indian Budget; i.e., Revenue deficit, Fiscal deficit, the funding of deficit etc. from an accountant’s perspective.

We also look at the historical data on market’s reaction over the past 30 years – a month prior, on the day, and a month later.

Read here:

Read the previous 110 articles here:



Information in this letter is not intended to be, nor should it be construed as investment, tax or legal advice, or an offer to sell, or a solicitation of any offer to make investments with Buoyant Capital. Prospective investors should rely solely on the Disclosure Document filed with SEBI. Any description involving investment examples, statistical analysis or investment strategies is provided for illustration purposes only – and will not apply in all situations and may be changed at the discretion of the principal officer. Certain information has been provided and/or based on third-party sources and although believed to be reliable, has not been independently verified; the investment managers make no express warranty as to its completeness or accuracy, nor can it accept responsibility for errors appearing herein.

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