Nifty 50 Turns Green: Benchmark Index Edges Up 0.15% in Early Trade

India’s benchmark Nifty 50 index reversed early weakness to trade in positive territory, last up about 0.15%, signalling cautious buying after a bruising previous session. The uptick follows a nearly 2% fall on the prior trading day, triggered by the Union Budget 2026 announcement and a hike in Securities Transaction Tax (STT) on derivatives, which spooked traders and sparked broad-based profit booking.

GIFT Nifty futures had earlier indicated a mildly positive start, reflecting improved sentiment despite lingering concerns over higher trading costs and global market volatility. Market participants are now watching sector rotation closely, with focus on financials, metals and rate-sensitive stocks, as well as commentary around the government’s fiscal stance and reform push in the wake of the Budget.

Key Highlights

• Nifty 50 turns positive intraday, last up about 0.15% after a steep prior-session decline.
• Previous session saw Nifty fall nearly 2% amid STT hike–driven selloff post Budget 2026.
• GIFT Nifty futures signalled a mildly higher open, supporting the rebound.
• Traders track global cues, Asian market moves and Wall Street weakness alongside domestic policy signals.

Sources: Business Standard, The Hindu BusinessLine, Upstox, INDMoney, Economic Times, Reuters, Informist Media.