Sensex and Nifty opened higher ahead of the Interim Budget after US Fed Chair Jerome Powell dismissed hopes of rate reductions in March. Indian Prime Minister Narendra Modi is expected to focus on infrastructure and narrow the budget gap in the budget before the general election. Shares of Paytm plummeted 20% after the Indian central bank restricted Paytm Payments Bank. Nifty Auto, FMCG, Media, Pharma, and Oil & Gas opened higher, while Nifty Financial Services, IT, Metal, Realty, and Consumer Durables opened lower. Budget 2024 expectations include increased allocation for rail, roads, and other infrastructure projects.