Ira Singh 
The Indian equity indices closed with modest gains after a choppy trading session on February 1 (Budget day), as markets navigated volatility amid key fiscal announcements. The Sensex and Nifty erased intra-day losses in the afternoon trade, though concerns over the potential impact of tax rationalisation on capital expenditure kept investors cautious. At close, the Sensex was up 5.39 points or 0.01 percent at 77,505.96, and the Nifty was down 26.25 points or 0.11 percent at 23,482.15. About 2001 shares advanced, 1752 shares declined, and 121 shares unchanged.
Trent, Maruti Suzuki, Tata Consumer, Eicher Motors, Asian Paints were the top gainers on the Nifty, while losers included L&T, Bharat Electronics, Power Grid Corp, HDFC Life, Cipla. On the sectoral front, Consumer Durables index up 2.6 percent, realty index added nearly 4 percent, auto index jumped 1.7 percent and FMCG index rose 3 percent. On the other hand, capital goods, power, PSU indices shed 2 percent each and metal, IT, energy down more than 1 percent each. BSE midcap index added 0.3 percent, while smallcap index shed 0.3 percent, according to information.
Trading Guide:
Vinod Nair, Head of Research, Geojit Financial Services reportedly quoted as saying-the market has responded to the Union budget with a mixed view, primarily due to the modest 10% YoY increase in capex for FY26, falling short of expectations. Sectors like railways, defense, and infra are affected on which the market relies for the performance, dampening the sentiment. On the other hand, consumption-based sectors, which are expected to benefit the most, had a low effect on the broad market due to their modest market mix position. However, the market will begin to factor in the broader benefits to the economy and corporations over the course of the year due to a rapid increase in disposable income and boost in ease in business. Market experts have recommended these five shares to buy— UPL, PI Industries, LT, Siemens, and Coromandel International.
Trent, Maruti Suzuki, Tata Consumer, Eicher Motors, Asian Paints were the top gainers on the Nifty, while losers included L&T, Bharat Electronics, Power Grid Corp, HDFC Life, Cipla. On the sectoral front, Consumer Durables index up 2.6 percent, realty index added nearly 4 percent, auto index jumped 1.7 percent and FMCG index rose 3 percent. On the other hand, capital goods, power, PSU indices shed 2 percent each and metal, IT, energy down more than 1 percent each. BSE midcap index added 0.3 percent, while smallcap index shed 0.3 percent, according to information.
Trading Guide:
Vinod Nair, Head of Research, Geojit Financial Services reportedly quoted as saying-the market has responded to the Union budget with a mixed view, primarily due to the modest 10% YoY increase in capex for FY26, falling short of expectations. Sectors like railways, defense, and infra are affected on which the market relies for the performance, dampening the sentiment. On the other hand, consumption-based sectors, which are expected to benefit the most, had a low effect on the broad market due to their modest market mix position. However, the market will begin to factor in the broader benefits to the economy and corporations over the course of the year due to a rapid increase in disposable income and boost in ease in business. Market experts have recommended these five shares to buy— UPL, PI Industries, LT, Siemens, and Coromandel International.
(Business Correspondent)
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