*Market Commentary February 1, 2025* ➡️Indian markets closed higher for the fourth consecutive session on January 31, ahead of the crucial Union Budget. Meanwhile, the broader markets saw even stronger gains, with the BSE MidCap and SmallCap indices climbing over 3.5% each. ➡️US stocks ended lower on Friday, with indexes losing ground after the White House said U.S. President Donald Trump will implement on Saturday tariffs of 25% on Canadian and Mexican imports and 10% on Chinese goods. ➡️The GIFT Nifty is trading lower, indicating a weak start for the day ➡️Key event to watch out today - *UNION BUDGET*