Despite ending January on a negative note to record four consecutive months of losses, Sensex has jumped 2,100 points in the last four trading days with investors anticipating that the Union Budget to be presented this Saturday may deliver on growth stimulating initiatives like cuts in personal income tax.
Amid heavy selling of around $9 billion by FIIs, not-so-great Q3 earnings failing to support elevated valuations and concerns around impact of Trump policies, a pre-Budget rally came in late this time and that too with small returns.
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