Synopsis
The Indian stock market ended flat on Saturday as the Union Budget 2025-26 was presented. The BSE Sensex saw a slight increase while the Nifty slipped. Small-cap stocks outperformed, and market volatility rose significantly.Key Takeaways
- BSE Sensex closed at 77,505.96, up 0.01%.
- NSE Nifty decreased by 0.11% to 23,482.15.
- FMCG sector surged by 2.94%.
- IT sector faced a decline of 1.02%.
- Market volatility increased with India VIX up 13.24%.
Mumbai, Feb 1 (NationPress) The Indian stock market concluded the session on Saturday with a flat performance amid disappointing global cues following the presentation of the Union Budget 2025-26 by Union Finance Minister Nirmala Sitharaman in Parliament.
After reaching a peak of 77,899.05, the BSE Sensex finished at 77,505.96, reflecting a modest increase of 5.39 points or 0.01 percent compared to its previous close.
The NSE Nifty, however, dipped by 26.25 points, translating to 0.11 percent, landing at 23,482.15. Throughout the trading day, the index fluctuated between a high of 23,632.45 and a low of 23,318.30.
According to market analysts, "The Nifty has experienced significant volatility during the Budget session. A small-bodied candle formed on the daily chart signals a state of indecision.”
Sector-wise, FMCG, Consumer Durables, and Auto stocks exhibited notable gains.
The FMCG index surged 2.94 percent, while Consumer Durables and Auto indices rose by 2.32 percent and 2.54 percent, respectively.
The Realty sector also displayed strong performance, closing up by 1.77 percent.
Conversely, the IT sector faced the steepest decline, dropping by 1.02 percent.
Other sectors, including Nifty Bank, Financial Services, Metal, Pharma, Healthcare, and Oil & Gas, also experienced downturns.
In the broader market, performance was varied as small-cap stocks excelled, with the Nifty Smallcap100 index climbing 0.41 percent, whereas the Nifty Midcap100 index fell by 0.42 percent.
Market experts indicate that the Nifty has support at 23,280; maintaining above this level could keep the trend favorable.
On the upside, the index could potentially rise towards 23,700–24,000 in the near term. However, a drop below 23,280 could incite market panic,” analysts further elaborated.
Market volatility has also surged, as evidenced by the India VIX, which rose 13.24 percent to close at 14.10 points.
