Budget Special – February 01, 2026
Special Budget Day Updates
- No Regular Premarket Today: Markets open for special trading session due to Union Budget presentation; focus on FM Nirmala Sitharaman's announcements at 11 AM.
- Global Markets Closed: Weekend closure; last close showed mixed cues with US indices steady and Asia varied.
- Bank Nifty Anticipation: Banking sector eyes potential reforms and fiscal measures in Budget.
- Midcaps in Focus: Expectations for MSME support and infra push to lift midcaps.
- Rupee Watch: Stable near 91.50/USD; Budget fiscal targets key for currency moves.
- FII/DII Flows: Recent positive FII inflows; Budget to influence sentiment.
- Sector Expectations: Defence, infra, renewables, manufacturing, and jobs in spotlight.
- IT Sector: Hopes for AI/digital incentives amid global tech shifts.
Global Market Insights
US Markets (Recent Close)
- Dow Jones: ~49,200 (+0.20%)
- S&P 500: ~7,010 (+0.05%)
- Nasdaq: ~23,900 (-0.10%)
- VIX: ~13.80
US indices mixed amid policy uncertainties; no fresh cues today.
Asia & Europe (Recent)
- Nikkei 225: Mixed
- Hang Seng: Varied
- Kospi: Flat
- Europe: Steady
Global markets closed; sentiment cautious ahead of India's Budget.
Commodities & Forex
- Brent Crude: ~$71.50
- Gold: Sharp fall post-record highs
- Silver: Historic crash ~19-27%
Gold & silver tumble on profit-booking, stronger dollar; MCX special session today.
Indian Market Pulse
Key Levels (Recent Close)
- Nifty 50: ~25,320
- Sensex: ~82,600
- India VIX: Low ~13.20
Special session today; volatility expected post-Budget speech.
Key Futures (Indicative)
- GIFT Nifty: ~25,404 to 25,443 (muted/flat cues)
- Nifty Bank: Anticipatory moves
- Nifty IT: Mild
- Midcap: Positive bias on expectations
Indicative levels; special Budget trading in focus.
Recent Top Movers
| Gainers | Losers |
|---|---|
| Defence Stocks | Metals |
| Infra Plays | IT |
| Banking | Energy |
Defence/infra lead on Budget hopes; commodities under pressure.
Latest Global & Indian Market News
Historic Sunday Budget Presentation
FM Nirmala Sitharaman presents her 9th Budget today at 11 AM; first Sunday in history.
Gold & Silver Crash Ahead of Budget
Precious metals see massive profit-booking; silver down ~19-27%, gold slips sharply on MCX.
Expectations: Capex Push, Tax Relief
Focus on infra, defence, jobs, fiscal discipline ~4.3-4.4%; possible standard deduction hike.
MSME & Manufacturing Boost Likely
Incentives for skilling, exports, green energy anticipated.
Auto & EV Sector Hopes
Potential incentives for EVs, logistics to support growth.
Middle-Class Tax Expectations
Calls for higher standard deduction, slab tweaks for consumption boost.
Options Analysis
Nifty 50 Options Open Interest (OI)
Highest Call OI around 25,600 (resistance); Put OI at 25,100 (support) amid Budget volatility.
| Strike | Call OI (Lakhs) | Put OI (Lakhs) |
|---|---|---|
| 25,100 | 45.00 | 90.00 |
| 25,300 | 41.00 | 52.00 |
| 25,400 | 70.00 | 68.00 |
| 25,500 | 37.00 | 37.00 |
| 25,600 | 88.00 | 25.00 |
Chart: Nifty 50 OI distribution below.
Disclaimer: Market data is based on the latest available information. Prices and futures are indicative; verify real-time during special session. Investments are subject to market risks. No regular premarket/GIFT Nifty signals today due to Budget event.
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