Indian equity markets closed on a cautious note on Wednesday, February 4, 2026, as investors grappled with fresh concerns surrounding artificial intelligence (AI) developments that rattled sentiment in the information technology (IT) sector. The BSE Sensex gained 78 points to close at 83,817.69, while the NSE Nifty50 added 48 points to settle at 25,776, reflecting a largely flat performance despite volatility during the session. Market Overview Opening: Both indices opened higher, buoyed by the previous
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India’s equity markets surged on February 3, 2026, with the Nifty 50 closing at 25,727.55, up 2.55%, and the Sensex gaining 2,073 points. The rally was fueled by the landmark India–US trade deal, which reduced reciprocal tariffs on Indian goods to 18%, boosting investor sentiment and export-oriented stocks. Market Highlights Nifty 50: Closed at 25,727.55, up 639.15 points (2.55%). Sensex: Ended at 83,739.13, up 2,072.67 points (2.54%). Top gainers: Adani Ports, Bajaj Finance, IndiGo, PowerGrid.
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Nifty 50 today (Feb 2, 2026): Trading at ~24,895, up 0.26% after Budget Day losses. Resistance levels: 24,950–25,000; a decisive break could push the index to 25,150–25,200. Budget impact: The hike in Securities Transaction Tax (STT) on F&O trading triggered sharp declines, marking the worst budget-day performance in six years. Forecast for 2026 February 2026: Expected range 22,647–27,388; average ~25,134; projected close ~24,352 (-6.9%). March 2026: Forecast close ~23,420 (-3.8%). Mid-2026: Gradual recovery with projections
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The Union Budget 2026 has sparked intense debate across financial markets, with global brokerages such as Jefferies, Goldman Sachs, Morgan Stanley, and CLSA weighing in on its implications. The government’s decision to raise the Securities Transaction Tax (STT) on derivatives, alongside measures to boost infrastructure spending and fiscal consolidation, has created a complex outlook for investors. While the Budget was broadly seen as fiscally prudent, the STT hike on futures and options rattled market sentiment,
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The Indian capital markets witnessed a volatile start to the week following the Union Budget 2026 announcement, which included a sharp hike in the Securities Transaction Tax (STT) on derivatives. On Monday, February 2, shares of Bombay Stock Exchange (BSE) and Angel One Ltd. staged a recovery after Sunday’s steep sell-off, while Groww continued to underperform. BSE Ltd.: Shares rose by 4–4.5%, bouncing back from an intraday low of ₹2,530 to close near ₹2,694.50. This
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