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Sensex Today | Stock Market Live Updates: Nifty closes 500 points lower after Budget; Metal, Defence fall

Published on 01/02/2026 04:02 PM

The Union Budget 2026-27 allotted ₹550 crore for the regional air connectivity initiative UDAN, which is just slightly more than the ₹540 crore given in the previous fiscal year.

 

Gurmeet Chadha, Managing Partner & CIO, Complete Circle

On KFintech and MCX

“On the stock side, I have a sell on KFintech with a stop at about ₹910, for targets of ₹940 that’s, that’s one trading call, and the other one is also a sell call, which is on MCX. It’s come off, come off the days low, but the structure is extremely weak. So if you want to sell now, keep a stop at about ₹2,270 look for targets of around ₹2,120.”

Mitessh Thakkar, President-Retail Research, Bonanza Portfolio

On Markets

Gurmeet Chadha, Managing Partner & CIO, Complete Circle

On various sectors

Amit Jeswani, Founder & CIO, Stallion Asset

Data centres

Amit Jeswani, Founder & CIO, Stallion Asset

STT

Dinesh Kanabar, Chairman & CEO, Dhruva Advisors on taxation

The Indian markets have closed in red with one of the biggest budget day falls.

Prashant Khemka, Founder, Whiteoak, Capital Group

Madhu Kela, Founder, MK Ventures

Samir Arora, Founder & Fund Manager, Helios Capital

Budget Focus On Steps To Improve Tourism

The Budget Is Of High Capex & High Growth

The Nifty index is under pressure yet again, as the 50-stock index is trading with a deficit of over 500 points.

 

On Sunday, February 1, 2026, Finance Minister Nirmala Sitharaman presented a calibrated glide path for fiscal reduction. She projected the Center’s fiscal deficit at 4.3% of GDP in 2026–2027, which is somewhat less than the 4.4% forecasted for the current fiscal year.

 

 

After Budget 2026 subtly gave the industry much-needed respite, investor sentiment improved and IT stocks found their footing on Sunday.

 

In the Union Budget for FY27, the central government gave the Education Ministry over ₹1.4 lakh crore, which is more than 14% more than the revised estimate of ₹1.21 lakh crore for FY26. The National Education Policy recommends spending 6% of GDP on education, this amount is still less than that.

 

The Union Budget 2026 has shown a strong emphasis on tourism and hospitality. With a strong emphasis on infrastructure, job creation, and upskilling, the government has positioned tourism and hospitality as important drivers of economic growth and employment.

 

Budget 2026 | Sundararaman Ramamurthy, MD & CEO, BSE

The markets are on the decline yet again, as the Nifty 50 index has fallen below the 25,000 mark.

Here is a close look at Budget Allocation Trends from 2022-2027.

As the markets react to the Union Budget 2026, here is how the defence budget has shaped over the years

No Change In Excise Duties On Petrol & Diesel

The shares of Groww, along with capital market players, decline after FM’s announcement to increase STT.

The shares of Angel One, a major capital market player, witnessed a decline in the shares price after the FM announced a hike in STT.

After the announcement of the STT hike, the shares of BSE Ltd remained low.

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