Vijayakumar said the market will be looking for growth stimulating measures and not market-related taxation reliefs like changes in the capital gains taxation.

While global markets were hit due to a slide in AI and tech stocks, Sensex and Nifty displayed resilience and surged sharply, supported by a rally in heavyweight banking and financial services stocks.

Sensex and Nifty, currently experiencing a four-month negative run, have historically shown strong rebounds post-Budget when preceding expectations were low. With low market expectations for the upcoming budget,

The 30-share BSE benchmark Sensex jumped 740.76 points or 0.97 per cent to close at 77,500.57. The NSE Nifty opened in the green and surged 258.90 points or 1.11 per cent to end at 23,508.40.​​