Sensex and Nifty are two large-cap indexes associated with two different stock exchanges of the country namely Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The Indian stock market is open today as the BSE, NSE and MCX have announced a special trading session on Budget day.

A key factor contributing to this trend is the lack of short-covering activity by foreign institutional investors (FIIs), who continue to hold about 83 percent of their positions on the short side.