New Delhi, Jan. 29 -- As Finance Minister Nirmala Sitharaman gears up to unveil the Union Budget for 2026 on Sunday, February 1, those in the market are tempering their expectations for significant spending surprises. Analysts generally anticipate that fiscal discipline will be maintained, with minor increases aimed at sectors that require strong execution rather than major policy overhauls.

Financial experts have pointed out that limited fiscal capacity is likely to steer the government toward speeding up structural reforms and encouraging private investment, instead of increasing overall funding.

Analysts anticipate that volatility around budget day will remain elevated, with potential sell-offs likely if fiscal measures fall short or...