New Delhi, Feb. 1 -- Nifty 50 on 31 January: Recap

Over the past four days, both indices, Sensex and Nifty, have gained by about 3%. The mid-sized and smaller companies did even better, with the BSE MidCap and SmallCap indices rising by over 3.5% each. A pre-budget rally, which everyone was waiting for finally, did occur to give every trader and investor something to cheer about.

Historically, the last three budgets have resulted in a negative closing, hence it would be prudent to expect a similar scenario this time too. However, multiple triggers are converging into the budget day and it remains to be seen how the broader indices react.

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