Markets rose last week to clock weekly gains. The Nifty rose on two out of five sessions, but gains were substantial enough to log week-on-week advances. In my earlier piece, I wrote about pre-budget rallies. These are triggered by traders trying to second-guess budget announcements and placing their bets accordingly. It should be remembered that the 2023 budget is the last full budget before the general elections in 2024. So a lot of hope is riding on this budget.
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