Buy or sell stocks, Jan. 30 -- The Indian stock market is expected to trade on a positive note ahead of the Union Budget on Sunday, supported by the previous session's rebound and optimism stemming from the Economic Survey. The Survey has projected FY26 GDP growth at 7.4% and FY27 growth in the range of 6.8-7.2%, underpinned by easing inflation, resilient domestic demand, and continued fiscal discipline.

Ahead of the Union Budget, market participants are anticipating fiscal deficit guidance of 4.3-4.4% for FY27, alongside a continued decline in the debt-to-GDP ratio. Expectations of sustained public capital expenditure in the range of Rs.12-12.4 lakh crore (around 3.1% of GDP), with a continued focus on infrastructure, defence, electroni...