New Delhi, Jan. 27 -- The Indian stock market benchmark indices, Sensex and Nifty 50, crashed over a percent each on Monday amid selling across the board. The recent downturn in the markets can be attributed to a combination of factors, including weak corporate earnings, elevated valuations, and sustained foreign institutional investor (FII) outflows.

A critical factor influencing market sentiment in the near term is the upcoming Union Budget 2025, scheduled to be presented on February 1, 2025. However, market expectations remain subdued, reflecting a cautious outlook ahead of the Budget announcement.

According to Seshadri Sen, Head of Research and Strategist at Emkay Global Financial Services, the Budget 2025 is unlikely to feature a c...