The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 23,365 level, a discount of nearly 190 points from the Nifty futures’ previous close.

Market experts believe that while the budget had some positive aspects, certain key areas did not meet expectations.

Emkay Global said another round of dollar appreciation looks likely, which would hurt equities and the currency, making the February 2025 rate cut much more difficult.

Gift Nifty was trading around 23,383 level, a discount of nearly 170 points from the Nifty futures’ previous close, indicating a gap-down start for the Indian stock market indices.

The 30-share BSE benchmark Sensex jumped 740.76 points or 0.97 per cent to close at 77,500.57. The NSE Nifty opened in the green and surged 258.90 points or 1.11 per cent to end at 23,508.40.​​

Finance Minister Nirmala Sitharaman will present her record eighth consecutive Budget today. The budget - government's first full-year budget in the third term - is expected to further help India achieve its goal of Viksit Bharat by 2047.

The Indian stock market is open today as the BSE, NSE and MCX have announced a special trading session on Budget day.