The exuberance in the stock market that accompanied the re-election of the Narendra Modi government in May has given way to gloom after the Budget on July 5. In the two months since the Budget, the BSE Sensex has lost about 7 per cent while the BSE Mid-cap and BSE Small-cap indices have lost about 11-12 per cent.
![Prof K Nageshwar: Post Budget Steep Fall in Stock Markets [HD] (Video)](https://secure.gravatar.com/avatar/a529f8b3731b5abf1f9994aa34434368?s=100&d=mm&r=g "Prof K Nageshwar: Post Budget Steep Fall in Stock Markets [HD] (Video)"){kind=avatar}
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The exuberance in the stock market that accompanied the re-election of the Narendra Modi government in May has given way to gloom after the Budget on July 5. In the two months since the Budget, the BSE Sensex has lost about 7 per cent while the BSE Mid-cap and BSE Small-cap indices have lost about 11-12 per cent.