budget to date performance

Budget-to-Date Performance: Sector Selection, Not the Index, Drove Market Returns

• Created January 30, 2026
• Author Om Mehra
• Reading Time: 2 minutes

Overview: A Clear Shift Toward Sector RotationThe Indian equity market’s journey from 1 February 2025 to 30 January 2026 highlights a decisive shift away from a broad-based index rally toward a sector-rotation, driven market. While headline indices delivered modest gains, alpha generation was con...