Investors will have to brace for a spike in volatility during the Budget day trade on Friday. The benchmark Sensex has swung an average 3.4 per cent in past 20 Budget-day sessions, an analysis of trading data shows.
While on a closing basis, the market often tends to end flat but investors rarely get to escape the volatility as traders react to a host of announcements made by the Finance Minister. For instance, during the previous Union Budget, the Sensex ended just 0.2 per cent lower but swung 2.1 per cent, or 755 points, during the day.