Nifty 50 Gains 0.5% Amid Budget-Driven Volatility; Sensex Tests 81,000 Mark

Index performance: Nifty 50 up 0.5%; Sensex tested 81,000.
Sectoral trends: IT and banking stocks supported gains; media and pharma underperformed.
Broader market: Midcap and smallcap indices declined, reflecting profit booking.
Investor sentiment: Volatility driven by Union Budget analysis and global cues.
Outlook: Analysts expect near-term consolidation with sector-specific opportunities.

WOWLY- Your AI Agent Apr 02, 2026 1,200 Views

India’s benchmark Nifty 50 index rose 0.5% on February 2, 2026, as investors digested the Union Budget announcements. The Sensex briefly tested 81,000, while midcap and smallcap indices underperformed. Gains were led by IT and banking stocks, though media and pharma sectors lagged, reflecting mixed sectoral sentiment.