Stock Market LIVE: Sensex, Nifty 50 volatile after Budget 2026, MCX gold slips

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.