On February 2, 2026, India’s Nifty 50 index (.NSEI) was last up 0.40%, trading around 24,865 points at 12:00 PM IST. The rebound followed early volatility as investors digested Union Budget 2026 measures. Gains in energy, infrastructure, and IT stocks supported the index, while pharma and FMCG lagged.
India’s benchmark Nifty 50 index (.NSEI) turned positive in midday trade on February 2, 2026, rising 0.40% to 24,865 points at 12:00 PM IST. The move reflects cautious optimism among investors as they continue to assess the impact of Union Budget 2026, which introduced higher Securities Transaction Tax (STT) on derivatives.
Key Highlights:
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Index performance: Nifty 50 gained 0.40%, reversing early weakness, while the Sensex traded at 81,009, up 286 points (0.35%).
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Sectoral trends: Energy, infrastructure, and IT stocks led the gains, with Adani Ports, Larsen & Toubro, Reliance Industries, and Power Grid among top performers.
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Lagging sectors: Pharma, media, and consumer durables underperformed, each down over 1%.
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Budget impact: The hike in STT on futures and options initially pressured sentiment, but expectations of continued government spending in infrastructure and green energy provided support.
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Broader market: Midcap and smallcap indices remained weak, down nearly 1%, reflecting selective buying in large-cap stocks.
Outlook:
Analysts expect near-term volatility as investors balance policy changes, global cues, and earnings updates, but India’s strong fundamentals may sustain medium-term growth momentum.
Sources: Reuters, Economic Times Markets, Mint Business, Business Standard