Inventory markets rallied on Monday (February 2, 2026), with benchmark Sensex shares rising 943 factors on worth shopping for in blue-chip oil and fuel shares, banking shares and auto shares, after dealing with a giant selloff on Funds day.
The 30-share BSE Sensex rose 943.52 factors or 1.17 per cent to settle at 81,666.46. Through the day, the inventory soared 1,009.31 factors (1.25%) to a excessive of 81,732.25.
The 50-share NSE Nifty rose 262.95 factors or 1.06 per cent to finish at 25,088.40. Through the day, it rose 282.65 factors (1.13%) to 25,108.10. Specialists say the plunge in world oil costs has introduced a way of reduction to the market.
Amongst Sensex corporations, Energy Grid rose 7.61 per cent and Adani Ports rose 4.76 per cent. Bharat Electronics, Reliance Industries, Mahindra & Mahindra, Larsen & Toubro, Interglobe Aviation, ICICI Financial institution and Ultratech Cement have been the key gainers.
Axis Financial institution, Infosys, Tata Consultancy Providers, Torrent and Titan have been among the many laggards. Finance Minister Nirmala Sitharaman on Sunday (February 1, 2026) introduced measures to spice up manufacturing, long-term tax breaks for world information centres, and help for agriculture and tourism as she unveiled the Rs 53.5-lakh-crore Union Funds for 2026-27, seen as a long-term blueprint to maintain development amid rising world dangers.
Avoiding populist insurance policies, the finances signaled fiscal consolidation and continued infrastructure spending, whilst 5 key states, together with West Bengal and Tamil Nadu, are as a result of vote.
Nonetheless, the inventory market was shaken by the rise in securities transaction tax on fairness derivatives, and main indexes fell as a lot as 2% in particular buying and selling on Funds Day earlier than briefly recovering.
On Sunday (February 1), the BSE benchmark fell by 1,546.84 factors (1.88%) to finish at 80,722.94. Nifty rose 495.20 factors or 1.96% to settle at 24,825.45.
“Markets witnessed a prudent restoration after yesterday’s unstable buying and selling as a result of affect of STT hikes on F&O and authorities borrowing improve plans in FY27. On the similar time, the Funds’s coverage continuation with a transparent give attention to development and financial well being has helped strengthen confidence within the medium- to long-term earnings outlook.”
“The sharp drop in world oil costs additionally supplies some consolation, reflecting indicators of easing geopolitical tensions between the US and Iran,” mentioned Vinod Nair, head of analysis at Geojit Investments Restricted. Overseas institutional buyers offered shares price Rs 588.34 crore on Sunday (February 1, 2026), in response to change information.
Ponmudi R, CEO of on-line buying and selling and wealthtech agency Enrich Cash, mentioned, “Indian inventory markets have been on the decline as members readjusted their positions following the roughly 2% decline seen throughout the 2026-2027 Union Funds.” “We began the week with a stable rebound after the sharp sell-off on Funds Day. Selective worth shopping for into large-cap shares supplied short-term stability, however general sentiment stays cautious with elevated volatility.”
In Asian markets, South Korea’s Kospi fell greater than 5%. Japan’s Nikkei 225 Index, Shanghai’s SSE Composite Index and Hong Kong’s Hold Seng Index additionally ended decrease.
Developments within the European market have been blended. US markets ended decrease on Friday (January 30, 2026). Brent crude, the worldwide oil benchmark, fell 4.88% to $65.94 per barrel.
issued – February 2, 2026 4:48 PM IST
