The inventory market closed within the crimson after buying and selling ended on Monday, February 3, 2025. Oil & Fuel, Metals, and FMCG shares fell essentially the most. The benchmark BSE Sensex closed down within the crimson by 319.22 factors or 0.41%, reaching 77,186.74. The broader NSE Nifty closed 121.10 factors down or 0.52% within the crimson, reaching 23,361.05.
The inventory market closed within the crimson after buying and selling ended on Monday, February 3, 2025. Oil & Fuel, Metals, and FMCG shares fell essentially the most.(Representational Picture/Pixabay)
This comes after the Union Funds 2025, the second full price range of Modi 3.0, was offered by finance minister Nirmala Sitharaman in Parliament at 11 am on Saturday, February 1, 2025, marking her eighth consecutive presentation of a Union Funds.
The market was additionally open that day regardless of it being a Saturday to offer it sufficient time to react to the budgetary bulletins.
Key bulletins included main tax reforms comparable to zero revenue tax for these incomes beneath ₹12.75 lakh each year, enhanced credit score assure for Micro, Small and Medium Enterprises (MSMEs) with customised bank cards, exemption on customized responsibility for 35 extra capital items for electrical automobiles (EVs), A nationwide framework to be formulated for selling World Functionality Centres (GCCs), and a ₹500 crore allocation for a Centre of Excellence in Synthetic Intelligence, amongst others.
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Why did markets fall on the day after the Funds?
One of many main the explanation why the inventory market fell was attributable to US President Donald Trump imposing a 25% tariff on Canada and Mexico, together with a ten% tariff on China.
Consequently, even the rupee fell to hit an all-time low of 87.29 to the US greenback as buyers more and more feared an upcoming commerce conflict.
Overseas buyers have additionally been web sellers these days. On February 1, they bought ₹1,327.09 crore value of Indian equities, in keeping with NSE information.
One more reason could possibly be warning forward of the upcoming Reserve Financial institution of India (RBI) Financial Coverage Committee (MPC) assembly which will likely be held from February 5-7.
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High losers
Among the many 30 Sensex shares, Larsen & Toubro Ltd fell essentially the most by 4.64%, closing at ₹3,287.25. This was adopted by Tata Motors Ltd, which fell 2.64%, buying and selling at ₹687.45, and Hindustan Unilever Ltd, which fell 2.62%, buying and selling at ₹2,441.40.
By way of sectors, the Nifty Oil & Fuel Index fell essentially the most by 2.22%, reaching 10,206.25, adopted by Nifty Steel, which fell 1.73%, closing at 8,155.15, and Nifty FMCG, which fell 1.67%, reaching 57,419.55.
High gainers
Among the many 30 Sensex shares, Bajaj Finance Ltd rose essentially the most by 5.28%, closing at ₹8,423.80. This was adopted by Mahindra & Mahindra Ltd, which fell 2.96%, closing at ₹3,171.35, and Bajaj Finserv Ltd, which rose 2.30%, closing at ₹1794.45.
Among the many Nifty sectoral indices, Nifty IT rose essentially the most by 0.68%, closing at 42,314.25, adopted by Nifty Shopper Durables, which rose 0.55%, closing at 38,918.30, and Nifty Monetary Companies Ex-Financial institution, which rose 0.47%, closing at 25,190.50.
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How did the inventory market carry out on Funds day?
The inventory market went into the crimson after opening, went inexperienced when Sitharaman started her price range speech, and closed flat after the buying and selling session ended.
Oil & gasoline, FMCG, and PSU financial institution shares fell essentially the most upon open.
At 9:20 am IST, the Sensex was down by 63.06 factors or 0.08%, reaching 77,437.51. The Nifty opened 19.30 factors down or 0.08% within the crimson, reaching 23,489.10.
After the speech started at 11 am IST, the Sensex was up 254.25 factors or 0.33% within the inexperienced, reaching 77,754.82, whereas the Nifty was up 82.55 factors or 0.35% within the inexperienced, reaching 23,590.95.
At the moment, actual property, media, and mid and small cap monetary providers shares rose essentially the most.
The markets then closed flat. The Sensex closed 5.39 factors or 0.01% within the inexperienced, at 77,505.96, whereas the Nifty closed 26.25 factors or 0.11% within the crimson at 23,482.15.
Actual property, FMCG, and shopper durables rose essentially the most whereas PSU banks, IT, and oil & gasoline shares fell essentially the most.