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News Topical, Digital Desk : The market saw a sharp decline on Sunday (February 1), the day of the budget, as the provision for increasing the Securities Transaction Tax (STT) was announced. However, the domestic stock market opened on a positive note on Monday. The BSE Sensex rose 350 points to 81,112.03 in morning trading. Meanwhile, the NSE Nifty rose 91 points to trade at 24,910.85, above the 24,900 level.
The market remained volatile during the budget session
The market remained volatile in the opening session. Out of 30 shares of Sensex, 18 shares were in the green. Among the top gainers, shares like Adani Ports, Larsen & Toubro (L&T), BEL, IndiGo and PowerGrid rose up to 2.35%. While the losers were shares like Infosys, Trent, Titan, ITC and Hindustan Unilever, which fell up to 1.46%. A total of 3,317 shares were trading on BSE, in which 1,427 shares were up and 1,286 shares were down. 35 shares touched 52-week high, while 119 shares reached 52-week low.
Fund flow will determine the new direction.
Experts say that the market sentiment remains cautious in the near future. Domestic technical signals are providing some support, but the direction will be determined by global markets, crude oil prices, and fund flows from institutional investors. Following the announcement of Budget 2026 on Sunday, the Nifty witnessed heavy selling. It fell from 25,440 to an intraday low of 24,571, before recovering slightly to close at 24,825.
Caution continues in the market
According to Akash Shah, technical analyst at Choice Equity Broking, market sentiment remains cautious in the near term. The future direction of the market will depend on global cues, crude oil prices, and the activities of institutional investors. The market witnessed a sharp decline on Sunday after the provision for increasing the Special Tax (STT) in Budget 2026. The Nifty fell by nearly 870 points to 24,571, but later recovered slightly to close at 24,825
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