Market experts have said that the Indian stocks are likely to fall in the month after the union Budget 2013 if the stock market is up in the month before the Budget.

A study conducted by Morgan Stanley has said that the Union Budget generally causes the stocks to fall in the month after. It studied data from over the years and found that if the markets rise in the month before the budget, it has
80 per cent chances of falling in the month after the budget. It also said that if the stocks remain low before the budget, they still have possibility of falling further in the month after the budget.

Morgan Stanley said that India is down 2.3 per cent in the month after the union budget on an average and the first fifteen days account for most of the fall. India's union Finance minister has said that P Chidambaram has assured people that the union budget for the coming financial year will be responsible towards its citizens. There are several recommendations and suggestions forwarded by analysts and intellectuals in the country ahead of the budget, which impacts the entire Indian economy and beyond.

Ridham Desai and Sheela Rathi of Morgan Stanley said, "That said, the influence of the budget itself has been declining from the 1990s, when it used to be also the platform to announce reforms."