Published on 02/02/2026 11:05 AM
The Nifty Midcap 100 index falls 1% as sell-off intensifies.
The Nifty Bank index has fallen below the 58,000 mark.
The Nifty index has fallen further, extending losses to 24,750.
Silver on MCX is now down 9%, & Gold is down nearly 2%
Samiran Chakraborty, Chief Economist, Citi India
Sonal Varma, Nomura Financial Advisory & Securities (India)
In contrast to the revised estimate of roughly ₹2,87,142 crore for the current year, Finance Minister Nirmala Sitharaman has allocated ₹3,09,875 crore for the Ministry of Road Transport and Highways in 2026–2027. That is a year-over-year gain of around ₹22,700 crore, or about 8%.
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PMI Data
HSBC/S&P Global India Dec Mfg PMI At 55.4 Vs 55 In Dec
By focusing more on the two main drivers of India’s economic growth—consumption and infrastructure investment—the Budget 2026 does a fantastic job of balancing the country’s finances.
Lupin & TBAlliance partner to advance Telacebec drug for treatment of tuberculosis & other mycobacterial diseases
The shares of BSE Ltd recovered from the lows to turn positive.
The shares of equity trading platform Groww have fallen further, continuing with its fall yesterday.
After Finance Minister Nirmala Sitharaman raised the Securities Transaction Tax (STT) during Budget 2026, shares of the Bombay Stock Exchange (BSE) Ltd., Billionbrains Garage Ventures Ltd. (Groww), Angel One Ltd., and other capital market names had a turbulent start to the trading day on Monday, February 2.
The Nifty index has fallen over 100 points from highs to turn negative.
GodrejProp sells homes worth over ₹2,000 cr at the launch of Godrej Trilogy in Worli, Mumbai
Sudarshan Sukhani, Proprietor, Technical Trends
Rupee further strengthens against US Dollar, now at 91.62
After being the largest laggard in the previous session, when the stock fell 19%, Hindustan Copper opened Monday about 4% higher. On Sunday, it too experienced exceptionally high trading activity, with over 51.1 million shares exchanging hands and a transaction value of almost ₹3,018 crore.
Hind Zinc snaps 2-day losing streak, up nearly 3% in today’s trade
The Nifty Midcap 100 index is also back in green after a negative start to the day’s trade.
In a positive sign after yesterday’s rout, the Nifty Bank has recovered from losses of the early trade.
Harshit Kapadia, Vice President, Industrial, Defence, Railway, Consumer, Elara Securities
The share of the realty index stock Anant Raj has extended its gains further.
Jan 1 : $4330 an oz
Record high : $5608
Feb 2 : $4700
Jan 1 : $71 an oz
Record high : $121.6
Feb 2 : 83
Jan 1 : $5.6 / Lbs
Record high : $6.5
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