Stock markets bounce back in early trade after sharp decline on Budget day

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Image utilized for typical intent only. | Photo Credit: Reuters

Stock marketplace benchmark indices Sensex and Nifty rebounded successful aboriginal commercialized connected Monday (February 2, 2026) driven by value-buying successful blue-chip firms, aft facing monolithic drubbing connected the Budget day.

The 30-share BSE Sensex climbed 302 points to 81,024.94 during archetypal trade. The 50-share NSE Nifty went up by 59.25 points to 24,884.70.

From the Sensex firms, Adani Ports, Larsen & Toubro, Asian Paints, Bharat Electronics, Eternal, Reliance Industries, Power Grid and HDFC Bank were among the large gainers.

Trent, Titan, ITC and Hindustan Unilever were among the laggards.

Finance Minister Nirmala Sitharaman connected Sunday (February 1) announced measures to boost manufacturing, offered semipermanent taxation incentives for planetary information centres, and enactment for agriculture and tourism arsenic she unveiled a ₹53.5 lakh crore Union Budget for 2026-27, seen arsenic a semipermanent blueprint for sustaining maturation amid rising planetary risks.

Shunning populist measures contempt 5 cardinal states, including West Bengal and Tamil Nadu, heading to polls, the Budget signalled continued fiscal consolidation and infrastructure spending.

But a hike successful securities transaction taxation connected equity derivatives rattled equity markets, with cardinal indices plunging arsenic overmuch arsenic 2% successful the peculiar Budget-day trading session, earlier recovering immoderate ground.

On Sunday (February 1), the BSE benchmark ended astatine 80,722.94, down 1,546.84 points oregon 1.88%. The Nifty tanked 495.20 points oregon 1.96% to settee astatine 24,825.45.

Foreign organization investors offloaded equities worthy ₹588.34 crore connected Sunday (February 1), according to speech data.

In Asian markets, South Korea's Kospi tumbled implicit 4%. Japan's Nikkei 225 index, Shanghai's SSE Composite scale and Hong Kong's Hang Seng scale were besides trading lower.

U.S. markets ended little connected Friday (January 30).

Brent crude, the planetary lipid benchmark, tanked 4.14% to $66.45 per barrel.

Published - February 02, 2026 10:20 americium IST

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