New Delhi, Jan. 20 -- Ahead of Budget 2026, markets are positioning for continued heavy public capex in roads, railways, and energy, with clear sector-specific triggers and a strong thematic bid in related stocks. As a "lead-up to budget", we shall highlight the current positioning of each of these sectors, with prominent listed plays in each space.​

In the run-up to Budget 2026, commentary from brokers and policy watchers converges on one core expectation: the government is unlikely to dilute its highway and logistics capex push, given its linkage to growth, job creation, and election-cycle commitments. The focus has shifted from only announcing new corridors to ensuring faster execution on Bharatmala, multimodal logistics parks, ...