The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,838 level, a premium of nearly 53 points from the Nifty futures’ previous close.

Equity benchmark indices Sensex and Nifty 50 on Tuesday (February 4) zoomed more than 1 per cent each, mirroring gains in the Asian peers, as Street rejoiced US President Donald Trump’s decision to delay tariffs on Mexico and Canada for a month.

Market experts believe that while the budget had some positive aspects, certain key areas did not meet expectations.