Bombay Stock Exchange (BSE) building (Express photo by Sankhadeep Banerjee)Stock Market Today Live Update: After facing massive drubbing on the Budget day, stock market benchmark indices Sensex and Nifty on Monday rebounded driven by value-buying in blue-chip firms. The BSE Sensex climbed 942.27 points to 81,665.21 during initial trade while the NSE Nifty went up by 264.65 points to 25,090.10.
Rupee gains: Meanwhile, the rupee gained 37 paise to 91.56 against the US dollar in early trade a day after the Union Budget 2026-27, largely as crude oil prices retracted from their elevated levels. According to Forex traders, the rupee, the budget offered reassurance, not relief. The government is expected to borrow Rs 17.2 lakh crore in the next financial year to plug its fiscal deficit projected at 4.3 per cent of the GDP.
The Sunday crash: The stock markets fell 2% Sunday as Budget 2026-27 proposed a hike in Securities Transaction Tax (STT) for futures and options (F&O) aiming to further curb what government officials called speculative trading. With the absence of any immediate positive triggers also dampening sentiment, the 30-stock BSE Sensex slumped as much as 2.9% intraday after the announcement before ending at 80,722.94 points, down 1.9% from Friday. This was the second sharpest fall on Budget day since 2014. Meanwhile, the Nifty 50 — the National Stock Exchange’s (NSE) flagship index — closed 2% lower at 24,825.45 points.
Stock market benchmark indices Sensex and Nifty on Monday rebounded. The BSE Sensex climbed 942.27 points to 81,665.21 during initial trade while the NSE Nifty went up by 264.65 points to 25,090.10.
Aluminium futures staged a smart recovery in the futures trade on Monday, reversing its early losses as traders engaged in value buying despite a weak trend in the international markets.
On the Multi Commodity Exchange, aluminium futures for February delivery opened lower and slipped by Rs 8.4, or 2.72 per cent, to hit an intraday low of Rs 300 per kilogram.--PTI
Copper prices declined nearly 2 per cent to Rs 1,208.50 per kg in futures trade on Monday as market participants trimmed positions due to sluggish demand and weak global trends.
On the Multi Commodity Exchange (MCX), copper futures for February delivery depreciated Rs 21.25, or 1.73 per cent, to Rs 1,208.50 per kg in a business turnover of 13,884 lots.--PTI
The rupee gained 37 paise to 91.56 against the US dollar in early trade a day after the Union Budget 2026-27, largely as crude oil prices retracted from their elevated levels. According to Forex traders, the rupee, the budget offered reassurance, not relief. The government is expected to borrow Rs 17.2 lakh crore in the next financial year to plug its fiscal deficit projected at 4.3 per cent of the GDP.
After facing massive drubbing on the Budget day, stock market benchmark indices Sensex and Nifty on Monday rebounded in early trade driven by value-buying in blue-chip firms. The BSE Sensex climbed 302 points to 81,024.94 during initial trade while the NSE Nifty went up by 59.25 points to 24,884.70.
: After facing massive drubbing on the Budget day, stock market benchmark indices Sensex and Nifty on Monday rebounded in early trade driven by value-buying in blue-chip firms. The BSE Sensex climbed 302 points to 81,024.94 during initial trade while the NSE Nifty went up by 59.25 points to 24,884.70.
India’s stock markets slumped 2% Sunday as Budget 2026-27 proposed a hike in Securities Transaction Tax (STT) for futures and options (F&O) in an attempt to further curb what government officials called speculative trading. With the absence of any immediate positive triggers also dampening sentiment, the 30-stock BSE Sensex fell as much as 2.9% intraday after the announcement before ending at 80,722.94 points, down 1.9% from Friday.
This was the second sharpest fall on Budget day since 2014.
Credit: Shijith P Kunhitty
Benchmark stock indices Sensex and Nifty dived sharply by nearly 2 per cent on Sunday after Finance Minister Nirmala Sitharaman proposed a hike in the Securities Transaction Tax (STT) on derivatives.
Reversing the early gains, the 30-share BSE Sensex plunged sharply by 2,370.36 points or 2.88 per cent to slide below the 80,000-mark at 79,899.42 in afternoon trade as the finance minister announced a hike in STT on futures contracts to 0.05 per cent from the current 0.02 per cent.
The barometer settled at 80,722.94, down 1,546.84 points or 1.88 per cent. The 50-share NSE Nifty tanked 495.20 points or 1.96 per cent to settle at 24,825.45. During the day, it tumbled 748.9 points or 2.95 per cent to 24,571.75.
PTI
Vaqarjaved Khan, Senior Fundamental Analyst, Angel One Ltd said: "The Budget strikes a prudent balance between growth and fiscal discipline, with FY27 fiscal deficit targeted at 4.3% of GDP and capex hiked to RS. 12.2 lakh crore, signalling sustained infrastructure push. Key positives include enhanced incentives for manufacturing, semiconductors, biopharma, textiles, and MSMEs via a Rs. 10,000 crore funds, alongside boosts for agriculture, defence, and clean energy positioning these sectors for accelerated expansion. The rationalized TDS/customs duties and tax slab simplifications ease compliance, fostering business confidence. For Indian markets, while the STT hike on F&O triggered a knee-jerk sell-off (Sensex down 600+ points), the focus on jobs, exports, and reforms should support long-term equity upside, especially in infra, renewables, and export-oriented plays, amid resilient 6.8–7.2% GDP projections.”
Shares of PFC and REC surged up to 6 per cent on Sunday after Finance Minister Nirmala Sitharaman announced the restructuring of the two state-run entities as part of the government's public sector financial institution strengthening. The scrip of Power Finance Corporation (PFC) climbed 5.90 per cent to Rs 401.75 apiece, while REC advanced 4.3 per cent to Rs 380 on the BSE. Meanwhile, markets is trading in the negative territory, with the 30-share BSE Sensex plunged 450.04 points, or 0.55 per cent, to 81,819.74 in the late morning trade. (PTI)
Stock market benchmark indices Sensex and Nifty tumbled on Sunday afternoon trade after the Budget proposed to raise Securities Transaction Tax to 0.05 per cent on commodity futures from 0.02 per cent. The government will tax buyback proceeds for all types of shareholders as capital gains, Finance Minister Nirmala Sitharaman said on Sunday.
After fluctuating in early trade, the 30-share BSE Sensex later bounced back but pared all gains amid the Budget presentation. It later plunged 2,370.36 points, or 2.88 per cent, to slip below the 80,000-mark to 79,899.42 during the afternoon trade. The 50-share NSE Nifty tanked 748.9 points, or 2.95 per cent, to 24,571.75.
From the 30 Sensex firms, Bharat Electronics tanked 6.50 per cent. State Bank of India, HCL Tech, Tata Steel, Asian Paints, and Eternal were also among the laggards. Sun Pharma, Sun Pharma, Kotak Mahindra Bank, and Tata Consultancy Services were the gainers. (PTI)
According to BSE (at around 12:15 pm), the top gainers are: Sun Pharma (+1.50%), Kotak Mahindra Bank (+1.47%), M&M (+1.02%), TCS (+0.79%), HDFC Bank (+0.60%), RIL (+0.29%), ICICI Bank (O.27%).
Finance Minister Nirmala Sitharaman has begun her ninth consecutive Budget speech.
At around 10:48 am, the top losers (according to NSE) are: Hindalco (-4.20%), Nestle India (-1.52%), Coal India (-1.43%), Infosys (-1.42%), Titan (-1.22%).
At around 10:48 am, the top losers (according to NSE) are: Hindalco (-4.20%), Nestle India (-1.52%), Coal India (-1.43%), Infosys (-1.42%), Titan (-1.22%).
Tata Motors Passenger Vehicles on Sunday reported a 47 per cent year on year growth in total sales to 71,066 units in January. The company dispatched 48,316 units in January 2025. Domestic passenger vehicle sales were at 70,222 units last month against 48,076 units in January 2025, up 46 per cent, Tata Motors Passenger Vehicles Ltd said in a statement. (PTI)
Ahead of the Union Budget 2026, railway stocks witnessed a sharp rally. Shares of Jupiter Wagons rose 4.32%, IRFC gained 2.33%, RailTel climbed 3.12%, IRCTC advanced 1.34%, and RITES added 1.58%, around 10:30 am.
According to BSE, shares of Bharat Electronics Limited (BEL) on Sunday climbed more than 2% and and traded at Rs 459.55 apiece, at around 10:11 am.
According to BSE, the top losers in early trading are: NTPC, Axis Bank, ICICI Bank, TCS, Asian Paints, ITC, HCL Tech, Eternal, Trent, Adani Ports, HUL, among others.
Stock market benchmark indices Sensex and Nifty fluctuated in a narrow range in early trade on Sunday ahead of the Budget 2026-27 presentation. After opening the day on a positive note, the 30-share BSE Sensex later fluctuated and quoted 13 points up at 82,282.82. The 50-share NSE Nifty skidded 7.90 points to 25,312.75 after opening marginally higher. (PTI)
Several railway stocks including RVNL, RITES, Jupiter Wagons, Titagarh Rail Systems, IRCTC will remain in focus today.
According to BSE, shares of Sun Pharma climbed around 1.80 per cent and traded at Rs 1623.90, at around 9:49 am.
At around 9:34 am, Sun Pharma, BEL, Power Grid, Axis Bank, HDFC Bank, NTPC, L&T, M&M, IndiGo, RIL, Kotak Mahindra Bank, TCS, SBI are the top gainers on BSE.
On Friday, January 30, the benchmark equity indices Sensex and Nifty ended lower, snapping a three-day rally, dragged by metal, IT stocks and caution ahead of the Budget presentation on February 1. Fresh foreign fund outflows and weakness in the rupee also added to the bearish trend in the equity markets. The 30-share BSE Sensex declined 296.59 points or 0.36 per cent to settle at 82,269.78. During the day, it tumbled 625.34 points or 0.75 per cent to 81,941.03. The 50-share NSE Nifty dropped 98.25 points or 0.39 per cent to end at 25,320.65.
On Friday, January 30, the benchmark equity indices Sensex and Nifty ended lower, snapping a three-day rally, dragged by metal, IT stocks and caution ahead of the Budget presentation on February 1. Fresh foreign fund outflows and weakness in the rupee also added to the bearish trend in the equity markets. The 30-share BSE Sensex declined 296.59 points or 0.36 per cent to settle at 82,269.78. During the day, it tumbled 625.34 points or 0.75 per cent to 81,941.03. The 50-share NSE Nifty dropped 98.25 points or 0.39 per cent to end at 25,320.65.
Relaxo Footwears Ltd, the country's largest footwear maker, on Friday reported a decline of 19.6 per cent in its net profit to Rs 26.54 crore in the December quarter of FY'26 on a year-to-year basis. It had posted a net profit of Rs 33.01 crore in the October-December quarter last fiscal, according to a regulatory filing from Relaxo Footwears.
Relaxo's revenue from operations was marginally up at Rs 668.03 crore in the December quarter under review. It was at Rs 666.9 crore in the corresponding period of the previous fiscal. Total expenses of Relaxo Footwears were at Rs 643.07 crore, up 2.22 per cent in Q3 of FY'26.
According to Gaurav Garg, an expert from Lemonn Markets Desk, the benchmark indices Sensex and Nifty recovered sharply from early losses on January 30 after a gap-down opening, supported by value buying and positive cues from the Economic Survey.
"Buying interest was seen in defensive and consumption-heavy stocks, with Apollo Hospitals, Tata Consumer Products, Nestle, Dr Reddy’s Laboratories and ITC emerging as top gainers in the Nifty pack.
Sentiment improved after the Economic Survey projected India’s GDP growth at 6.8–7.2 percent in FY27, underpinned by strong domestic demand and steady capital expenditure. Note that low inflation and resilient credit growth could support double-digit nominal GDP growth and healthy earnings expansion over the medium term.
Markets also drew comfort from a moderation in foreign portfolio investor outflows over the past two sessions, suggesting a possible shift in FPI strategy. In addition, expectations of value buying ahead of the Union Budget on February 1 supported sentiment, with investors positioning for announcements favouring infrastructure, defence, manufacturing, renewables and consumption.
From a technical perspective, key support for the Nifty remains in the 25,000–25,050 zone, while a sustained move above 25,450 would be required to extend the ongoing pullback rally.”
ESAF Small Finance Bank has reported a net profit of Rs 7 crore for the third quarter ended December 2025 against a Rs 211 crore loss in the year-ago period. The Kerala-based lender's total income rose to Rs 1,163 crore during the quarter under review from Rs 1,062 crore a year ago, ESAF Small Finance Bank said in a regulatory filing on Friday. The bank's interest income declined during the third quarter to Rs 894 crore compared to Rs 948 crore a year earlier. Its net interest income (NII) for Q3 FY26 increased to Rs 432 crore from Rs 372 crore in the same period of the preceding financial year.
IDFC First Bank on Saturday reported a 48 per cent increase in net profit to Rs 503 crore for the third quarter ended December 2025. The private sector lender had earned a net profit of Rs 339 crore in the same quarter a year ago. Total income increased to Rs 12,542 crore during the quarter from Rs 11,123 crore in the same period a year ago, IDFC First Bank said in a regulatory filing.
Interest income increased to Rs 10,417 crore from Rs 9,343 crore in the same quarter a year ago. Net Interest Income (NII) increased to Rs 5,492 crore in the third quarter of FY26 from Rs 4,902 crore in the third quarter of the previous financial year.
