**Pre-Budget Market Outlook: Defence & Infrastructure Leading** Portfolio managers are actively positioning for the upcoming Union Budget with a concentrated focus on **Defence** and **Infrastructure**. These sectors are identified as the primary beneficiaries of sustained, capex-led government spending. While markets may experience near-term volatility, the consensus remains overwhelmingly bullish on Indian equities. Analysts forecast the **Nifty 50** to advance well beyond current levels, maintaining a positive structural trajectory. This optimism is supported by robust macroeconomic fundamentals, specifically continued fiscal prudence, **stable inflation**, and clear visibility on medium-term growth drivers.