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Markets log biggest Budget-day fall in 6 years; Sensex drops 1,547 points, Nifty below 24,900Markets logged their biggest Budget-day fall in six years, with the Sensex dropping 1,547 points and the Nifty slipping below 24,900, as broad-based selling erased ₹11 lakh crore in market capitalisation across sectors.By Sudarshan Kumar   |  Jomy Jos Pullokaran  February 1, 2026, 3:41:33 PM IST (Updated)2 Min ReadThe equity benchmark indices BSE Sensex and NSE Nifty recorded their biggest Budget-day decline in six years as frontline indices closed with losses of around 2% on Sunday (February 1). The Nifty slipped below the 24,900 mark, with 42 stocks on the index ending in the red.

The Sensex fell 1,547 points to close at 80,723, while the Nifty dropped 495 points to settle at 24,825. The sell-off led to a sharp erosion in investor wealth, with BSE-listed companies losing market capitalisation of ₹11 lakh crore during the session.

Banking and broader markets also remained under pressure. The Nifty Bank index declined 1,193 points to 58,417, while the midcap index fell 1,311 points to 57,121. Market breadth favoured declines, with the advance-decline ratio at 1:2.

Also Read: Budget 2026: Finance Minister announces changes to share buyback taxation

Sectorally, metal stocks stayed under pressure amid a sell-off, with the Nifty Metal index down 4 percent. Defence stocks slid after tracking Budget-related spending announcements, with some stocks falling up to 10 percent.

Among individual stocks, MCX emerged as one of the top midcap losers, sliding more than 11 percent following price-related moves. Capital market stocks declined after an increase in securities transaction tax on futures and options, with Angel One falling 9%.

PSU bank stocks witnessed a sharp sell-off, dragging the Nifty PSU Bank index down 6 percent. Hindustan Zinc slipped another 9 percent as the decline in silver prices continued.

Also Read: Market falls after Budget 2026: What spooked investors, what next

EMS stocks ended on a mixed note, with Amber Enterprises rising 5 percent, while Dixon Technologies erased its gains. REC and PFC ended off their intraday highs after the Finance Minister announced restructuring. Railway stocks also declined following Budget announcements, with Jupiter Wagons falling 7%.Continue ReadingFirst Published: Feb 1, 2026 3:39 PM ISTTagsBSE Sensexmarket closingNSE Nifty 50