Budget 2025, Jan. 26 -- As the nation eyes Union Finance Minister Nirmala Sitharaman's upcoming Union Budget 2025-26 announcement on Saturday, February 1, research agency Emkay Global expects India to continue in the line of consolidation amid economic trade-offs and growth of a negative fiscal impulse.

On the financial markets front, the research agency highlighted that it remains "cautious" for the Indian stock markets as the company set its target for the Nifty with an 8 per cent upside.

"The markets may be especially vulnerable in Q1CY25 due to sustained FPI selling and weak earnings support. We are, however, more optimistic on the longer-term outlook," said Emkay Global.

Nifty 50 index closed 0.49 per cent lower at 23,092.20 point...