The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will remain open on February 1 despite it being a Saturday, due to the Union budget presentation.

The trends on Gift Nifty also indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 23,438 level, a premium of nearly 20 points from the Nifty futures’ previous close.

Benchmark indices closed higher for the fourth consecutive session, with BSE Sensex gaining 740 points and Nifty50 finishing above 23,500. The rise is driven by pre-Budget optimism, projected GDP growth,

Vijayakumar said the market will be looking for growth stimulating measures and not market-related taxation reliefs like changes in the capital gains taxation.

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