Tax breaks, infra push top markets' Budget 2017 expectations

Besides Budget, markets will be driven by global events and the outcome of Assembly elections

As the Narendra Modi-led government prepares to present the Budget on February 01 after the big bang demonetisation move in November, the markets have clawed back from their recent December lows with the S&P BSE Sensex rallying nearly six per cent to over 27,200 levels.

The rally in the mid-and small-cap indices has been sharper with the S&P BSE Mid-cap and the S&P BSE Small-cap indices surging around 11 per cent each during this period.

So what does this Budget hold in store, and what are the