MUMBAI, India — February 2, 2026
Indian stock markets closed firmly higher on Monday, recovering sharply from the previous session’s budget-related decline. The BSE Sensex jumped 943.52 points, or 1.17 percent, to settle at 81,666.46, while the NSE Nifty advanced 262.95 points, or 1.06 percent, to end at 25,088.40.
Robust buying in blue-chip energy, banking, and auto stocks drove the rebound after markets faced heavy selling pressure on budget day due to an increase in securities transaction tax on equity derivatives.
During the session, the Sensex touched an intraday high of 81,732.25, up 1,009.31 points or 1.25 percent. The Nifty peaked at 25,108.10, gaining 282.65 points or 1.13 percent.
Among Sensex constituents, Power Grid led gains with a 7.61 percent rise, followed by Adani Ports at 4.76 percent. Other top performers included Bharat Electronics, Reliance Industries, Mahindra & Mahindra, Larsen & Toubro, InterGlobe Aviation, ICICI Bank, and UltraTech Cement. On the losing side were Axis Bank, Infosys, Tata Consultancy Services, Trent, and Titan.
Finance Minister Nirmala Sitharaman presented the Union Budget for 2026-27 on Sunday, announcing measures to boost manufacturing, long-term tax incentives for global data centres, and support for agriculture and tourism sectors. The ₹53.5 lakh crore budget is seen as a roadmap to sustain growth amid global risks. However, the hike in securities transaction tax on derivatives triggered a sharp drop of up to 2 percent in key indices during the special budget-day session, though partial recovery followed.
