Market Performance: Sensex and Nifty Find Their Feet Again
The day began on a cautious note for Dalal Street. After the sharp reaction to the Union Budget, traders walked in with hesitation. Early trades reflected that nervousness.
Both Sensex and Nifty slipped soon after opening, extending the pressure seen during the special Sunday session held for the Union Budget 2026–27.
- Sensex opened lower at 80,555.68, down 168.61 points or 0.21%
- Nifty started at 24,796.50, slipping 29.90 points or 0.12%
But the mood didn’t stay gloomy for long. As the morning progressed, buying interest returned. Select stocks began to see demand, and gradually, losses were trimmed. By mid-morning, the tone had clearly improved.
- By 10:45 am, Sensex rose to 80,963.77, up 240.84 points or 0.3%
- Nifty recovered to 24,867.30, gaining 41.85 points or 0.17%
From the day’s low, the Sensex had bounced back by more than 500 points, a sign that the market was trying to stabilise after the budget-driven sell-off. This recovery set the tone for the latest Sensex and Nifty News, showing resilience despite initial pressure.
Main News: What Helped the Market Recover?
The recovery wasn’t random. Several clear factors worked together to improve sentiment through the session.
1) Value Buying After Sharp Budget Fall
On February 1, the benchmark indices saw their steepest budget-day fall in nearly six years, slipping close to 2%. That decline came after the proposal to raise the Securities Transaction Tax (STT) on derivatives.
As prices corrected sharply, buyers stepped in at lower levels. This value buying helped Sensex and Nifty recover from early losses and turn positive.
2) Crude Oil Prices Cool Off
Global cues also turned supportive as crude prices softened.
- Brent crude fell 4.14% to USD 66.45 per barrel
Lower crude prices reduce inflation pressure and support India’s trade balance. This easing gave equity markets some breathing room and added strength to the recovery narrative in today’s Sensex and Nifty News.
3) Budget Focus on Long-Term Growth
While the short-term reaction to the Budget was sharp, investors appeared to take comfort from its longer-term themes.
Key highlights included:
- Focus on manufacturing
- Long-term tax incentives for global data centres
- Support measures for agriculture and tourism
- Continued infrastructure spending
The Rs 53.5 lakh crore Union Budget for 2026–27 also pointed towards fiscal consolidation along with growth-oriented spending, helping stabilise sentiment.
4) Rupee Gains Against the Dollar
Currency movement also played a role during the session.
- The rupee strengthened by 37 paise to 91.56 per US dollar
- It opened at 91.95 and moved higher as crude prices declined
The government’s borrowing plan remained large at Rs 17.2 lakh crore, aimed at funding a fiscal deficit of 4.3% of GDP, but the immediate relief from falling crude helped the rupee recover.
Company Details: Movers Within the Nifty 50
Stock-specific action reflected mixed trends beneath the surface.
Top gainers included:
Major laggards included:
- Shriram Finance
- Max Healthcare Institute
(Declines of up to 3%)
Market breadth, however, remained cautious:
- 1,282 stocks advanced
- 2,116 stocks declined
- 142 stocks remained unchanged
This showed that while headline indices recovered, participation across the broader market stayed selective — an important detail in the broader Sensex and Nifty News story.
Summary: What This Sensex and Nifty News Tells Us?
Monday’s trade was a classic example of markets absorbing shock and finding balance. After the knee-jerk reaction to Budget announcements and STT changes, value buying, softer crude prices, and a firmer rupee helped Sensex and Nifty climb off their lows.
The indices didn’t surge blindly. They moved carefully, reflecting both caution and confidence. This recovery highlights how quickly sentiment can shift once prices adjust and clarity improves.
For now, the Sensex and Nifty News points to a market that is no longer in panic mode, but still watchful—digesting numbers, policy signals, and global cues one step at a time.
Source: Moneycontrol
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