Last Updated on February 2, 2026 11:31 pm by BIZNAMA NEWS
AMN / BIZ DESK
Domestic Benchmarks staged a sharp rebound on Monday, reversing much of the steep Budget‑day losses as investors regained confidence in growth‑focused policy continuity and easing global cues.
The Sensex surged 943 points to close at 81,666, while the Nifty advanced 263 points to settle at 25,088, recovering nearly 430 points from its intraday low. Gains were broad‑based across autos, capital markets, oil & gas, FMCG and infrastructure, though IT stocks lagged. A stronger rupee, cooling crude prices and resilient midcap and smallcap indices added to the positive sentiment, even as analysts cautioned that volatility may persist ahead of RBI’s policy review.
Indices Performance
- Sensex gained 943.52 points (1.17%) to close at 81,666.46.
- Nifty50 rose 262.95 points (1.06%) to settle at 25,088.40, recovering 429 points from its intraday low of 24,679.
Top Gainers
- Power Grid surged 7.42% to ₹270.00.
- Tata Motors (Passenger Vehicles) advanced 5.61% to ₹364.00.
- Adani Ports climbed 4.28% to ₹1,402.50.
- Bharat Electronics Limited rose 3.63% to ₹440.80.
- Tata Consumer Products gained 3.11% to ₹1,121.10.
Top Losers
- Shriram Finance fell 3.17% to ₹966.00.
- Axis Bank declined 2.33% to ₹1,309.20.
- Max Healthcare slipped 1.82% to ₹958.95.
- Infosys dropped 1.66% to ₹1,627.00.
- Cipla shed 1.08% to ₹1,314.50.
Sectoral Trends
- Capital Market Index rose over 3%, leading the recovery.
- Auto sector gained 2.1%, supported by strong monthly sales.
- Oil & Gas advanced 2% on lower crude prices.
- FMCG, Metals, Energy, Infrastructure, and Realty indices rose between 1–2%.
- IT sector was the only laggard, down 0.50% due to weakness in Infosys.
Broader Markets
- Nifty Midcap 100 gained 0.96% to 57,667.60.
- Nifty Smallcap 100 rose 0.64% to 16,523.35.
- Nifty Next 50 advanced 1.07% to 67,073.20.
- Market breadth remained weak: 2,039 stocks advanced against 2,220 declines on the BSE.
- 76 stocks hit 52-week highs, while 360 touched 52-week lows.
Currency & Commodities
- The Indian rupee strengthened by 47 paise to close at 91.51 against the US dollar, aided by easing commodity prices and strong forex reserves.
- Brent crude oil prices fell sharply by over 4% to $66.45 per barrel, reflecting easing geopolitical tensions between the US and Iran.
Technical View & Outlook
- Nifty retraced 61.8% of the Budget-day decline.
- RSI showed positive divergence, indicating early signs of strength.
- Volatility is expected to persist ahead of the RBI’s monetary policy decision and ongoing Q3 earnings season.
- Analysts expect stock-specific action to dominate in the near term.
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