The Indian share market fell for a sixth straight day as Sensex fell to 46,285.77 and nifty to 13,634.60 on Friday. The recent dip in the markets after reaching all-time highs is due to a sudden exit of Foreign Portfolio Investors (FPI’s) from the markets.
This is not the first time that the markets have fallen before the budget session of the Parliament, which will begin from 1st Feb. Nirmala Sitharaman will be presenting the Budget in the house. This year’s focus is directed towards cutting down personal taxes. Along with that, an increase in the government. spending is also expected.
The retail investors in a bid to see what lies ahead decided to pull out their money and wait until the budget is presented. So as to invest in growing sectors.
The other reason for the fall could be the fall in Wall Street indices.