- KR Bharat
- 2026-02-02
Indian equity markets bounced back in early trade as benchmark indices Sensex and Nifty recovered from the sharp Budget-day sell-off, driven by strong value buying in blue-chip stocks.
The BSE Sensex climbed over 300 points to cross the 81,000 mark, while the NSE Nifty gained nearly 60 points, trading close to 24,885. The rebound comes after markets witnessed heavy losses following the announcement of a hike in securities transaction tax (STT) on equity derivatives during the Union Budget 2026–27.
Heavyweights such as Adani Ports, Larsen & Toubro, Asian Paints, Bharat Electronics, Reliance Industries, Power Grid, and HDFC Bank led the recovery, while Trent, Titan, ITC, and Hindustan Unilever remained under pressure.
Despite short-term volatility, investors responded positively to long-term growth signals from the Union Budget, which focused on boosting manufacturing, infrastructure, agriculture, tourism, and global data centres, while maintaining fiscal discipline.
However, weak global cues, FII selling pressure, falling Asian markets, and crude oil price volatility continue to keep markets cautious.
