Sensex soars ~950 points, Nifty 50 above 25,000; Maruti Suzuki weighs price hike| Business News

The 30-share S&P BSE Sensex rose 1.17%, or 943.52 points, to 81,666.46, while the broader NSE Nifty 50 increased 1.06%, or 262.95 points, to 25,088.40. 14 of the 16 major sectors logged gains on the day. The broader small-caps and mid-caps rose 0.6% and 1%, respectively.

“After a sharp fall, the Nifty has seen a strong bounce, which is a normal market reaction. However, the broader trend remains weak,” Rupak De, senior technical analyst at LKP Securities, said in an emailed statement.

The government is planning to introduce Insolvency and Bankruptcy Code Amendment Bill in the second half of budget session, which begins on 9 March, Finance Minister Nirmala Sitharaman says.

The hike in securities transaction tax on F&O trading is a deterrence of sorts, so that people do not go headlong in speculative derivatives, FM Nirmala Sitharaman said, a day after she proposed the revision in her budget speech.

The pace of disinvestment, asset monetisation will continue, it will encourage more public floating of CPSEs, the finance minister said.

Maruti Suzuki India Ltd. is considering a price hike to offset higher commodity costs, even as demand for its cars outstrips supply.

“On the commodity front, prices are going up… We are keeping a close watch due to the geopolitical scenario…,” Partho Banerjee, senior executive officer (sales & marketing) at India’s largest carmaker, said during a virtual presser. “But yes, in times to come, we are going to review the price increase.”

India is considering allowing foreigners to own up to 49% stake in its public sector banks as policymakers seek to bolster capital at these lenders to fund growth, without fully giving up control. Read more.

The 30-share S&P BSE Sensex has fallen as much as 0.41%, or 335.69 points, to an intraday day low of 80,387.25 points, but wiped out all the loss to trade up to 0.60% higher. The wider Nifty 50 traded in a similar band of highs and lows. The rupee, however, strengthened meaningfully against the dollar.

Stock Market LIVE: Tata Steel, Bajaj Finance, ITC, TCS, Titan, and Axis Bank among major losers in BSE on Monday morning, day after Budget 2026 presentation.

A day after the government made major announcements for biopharma, firms such as Max Health and Cipla were among the losers in NSE.

As of 11.11 am, Max Health dropped by 3.66% and Cipla dropped by 2.64%.

Stock Market LIVE: The rupee strengthened 37 paise to 91.56 against the US dollar on Monday in early trade just a day after the finance minister presented the Union Budget 2026 on Sunday. The gains made by rupee come as crude oil prices retreated from their elevated levels.

According to forex traders, the budget presented on Sunday offered reassurance but not relief, reported news agency PTI.

Stock Market LIVE: Adani Ports, Asian Paints, and LT are among major NSE gainers a day after the market suffered a crash after Budget 2026 presentation by finance minister Nirmala Sitharaman on Sunday, February 1.

The MCX gold rate today fell as much as 2.87% to an intraday low of ₹1,43,501/10 gm, versus the previous close of ₹1,47,753.

On 1 February 2026, foreign institutional investors sold equities worth ₹588 crore. The domestic institutional investors were also net sellers, offloading shares worth ₹682 crore.

Shares of Meesho Ltd. were locked in lower circuit for a second straight trading session after the online marketplace reported wider loss in the third quarter of the ongoing fiscal.

Meesho Q3 Results (Consolidated, YoY)

•⁠ ⁠Revenue up 31% at ₹3,517.6 crore

•⁠ Loss at ₹490.67 crore vs ₹37.43 crore

The wider loss was attributed to significant jump in expenses — up 44% year-on-year to ₹4,071. Of these, about 94% or ₹3,821.3 crore were recorded as other expenses.

India’s stock market fluctuated between gains and losses at the opening bell, a day after the worst trading session in six year.

At 9:15 am, BSE Sensex was 100 points lower while the NSE Nifty 50 fell to below 24,800. By 9:30 am, the benchmarks had wiped out all the losses.

India’s government bonds fell after Budget 2026 proposed record gross borrowing plan of ₹17.2 lakh crore in FY27. The 10-year yield rose as much as 8 basis points to 6.78%—the highest since 17 January 2025.

Rupee stregthens 22 paise against the US dollar to 91.76/$ versus an all-time low of 91.98/$ hit on Friday.

The 30-share S&P BSE Sensex fell 167.26 points to 80,555.68 points at the open today, even as Nifty 50 was up to 0.20% lower at 24,776.15 points.

The pull back above the lower bollinger band, after meeting downside objective of 24,580, raises hopes of more recovery attempts. However, until above 25,000, prospects of yet another leg down aiming 24,330 remains. Alternatively, direct rise above 25,000 could call for 25,800.

Sensex formed a long bearish candle on daily charts, and is currently trading below the 200-day SMA (Simple Moving Average), which is largely negative.

“We are of the view that the short-term market texture is volatile, and volatility is likely to continue in the near future,” Shrikant Chouhan, Head Equity Research, Kotak Securities, said. “Hence, level-based trading would be the ideal strategy for day traders.”

GIFT Nifty futures were trading at 24,869.5 points as of 8:00 am, indicating that the benchmark Nifty 50 index will open near Sunday’s close of 24,825.45 points.