4 months ago
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India’s benchmark Nifty 50 accrued 1% to 25,088 points, a time aft the Budget announcement expanding securities transactions taxation spooked the markets.
Nifty 50 opened astatine 24,796.50 and gradually dipped to a debased of 24,679.40 points, expanding to the day’s precocious of 25,108.10 earlier settling down to the day’s adjacent connected Monday (February 2). BSE Sensex, too, accrued 1.2% to 81,666.46 points. All sectoral indices gained, barring Nifty IT and healthcare.
The summation was chiefly connected a little basal acceptable connected Budget time erstwhile the markets slipped astir 2% and not owed to immoderate large alteration successful sentiment. To beryllium sure, the ratio of stocks that precocious to the ones that declined were astatine 0.88 contiguous astatine the BSE. This is much than 0.77 yesterday, signaling a flimsy betterment successful the breadth. However, the ratio has been decreasing for 3 consecutive months opening December 2025, erstwhile the ADR was 0.97. This intelligibly shows that the a tiny clump of stocks are doing the dense lifting portion the underlying markets are weakening.
“Indian equity markets staged a beardown rebound connected Monday, with Nifty recovering astir 400 points from the day’s debased to settee astatine 25,088, up 1.1%, aft a volatile session. Broader markets besides participated successful the recovery, with Nifty Midcap 100 gaining 1.2% and the Nifty Smallcap 100 rising 1%. The late-session rally came arsenic investors analysed the good people of Budget 2026,” said Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.
