Markets Rebound 1% Ahead of Budget, Rupee Hits New Low Amid Volatility

• Indian markets closed approximately 1% higher, recovering some losses from the previous week, despite ongoing volatility.
• The BSE Sensex gained 0.89% to 82,269.78, and the Nifty50 advanced 1.08% to 25,320.65.
• Large-cap, Mid-cap, and Small-cap indices saw gains, with Small-cap jumping 3% led by significant rallies in several stocks.
• Nifty Defence, Energy, Oil & Gas, Realty, and Metal sectors outperformed, while IT, FMCG, and Healthcare declined.
• The Indian rupee depreciated to a new record low of 92.01 against the dollar, closing at 91.99 per dollar.

Why It Matters: Indian markets showed resilience with a 1% gain before the Budget, but the rupee hit a new record low.