Market Broader markets mostly outperformed Nifty between Budgets Updated : January 30, 2020 06:34 AM IST Data shows since 2016 broader markets have outperformed benchmarks 2 out of 3 times in between Budgets. With the Budget later this week, analysts expect the broader markets to further rise on expectations of steps of economic recovery by the government. Between Budgets in 2016 and 2017, Nifty50 index rose nearly 25 percent, while the Nifty Midcap and Nifty Smallcap indices surged 36 percent and 46 percent, respectively. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.