Bulls may reign supreme a day before the Budget. Will history repeat itself?

Both Sensex and Nifty have risen over 5% each, reaching record highs in the last one month. This surge is attributed to the policy stability of the new Modi government and optimistic growth-oriented Budget expectations from Finance Minister Nirmala Sitharaman. According to a market analysis by ETMarkets, in the last 10 Budgets, the Sensex has shown positive returns six times on the day before the Budget, while it has declined on four occasions.