New Delhi, 1/2: Markets rose on Wednesday ahead of the Union budget, which will be closely vetted by investors for government measures to aid the long-term growth of the economy with a global slowdown in the vicinity.
The Nifty 50 index rose 0.66 per cent to 17,777, while the S&P BSE Sensex rose 0.7 per cent to 59,963.63 as of 09:15 a.m. IST. Both benchmarks fell over 2 per cent in January, their second straight monthly loss.
Finance Minister Nirmala Sitharaman will present the Union budget at 11:00 am IST, in which the Indian government will likely seek to lower its fiscal deficit, while offering incentives for investment to taxpayers.
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