Union Budget 2020-21 was a shot in the arm for equity investors who were caught in the middle of a severe sell-off just a week before the budget presentation. While investors expected the Finance Minsiter to deliver a growth-driven budget, none had expected a post-Budget rally of this scale.
In the previous week, the frontline indices surged over 9 per cent, clocking their best-ever weekly gains (in percentage terms) in 10 months. In absolute terms, gains of nearly 1,300 points in Nifty and 4,446 points in S&P BSE Sensex were the best-ever the markets have seen. The broader markets, however,