Domestic stock markets closed with losses amid global cues from the upcoming budget on February 1. At the end of trading, BSE Sensex closed at the level of 82,269.78 with a fall of 296.59 points. Similarly, NSE’s Nifty also closed at the level of 25,320.65 after a fall of 98.25 points. In today’s trade, the Nifty Midcap index registered a decline of 0.3%, while the Smallcap index closed with a gain of 0.3%.
Top Gainer and Top Loser Stocks
Major falling stocks on Nifty included Hindalco, Tata Steel, Coal India, ONGC and JSW Steel. On the other hand, Tata Consumer, Apollo Hospitals, Nestle, Mahindra & Mahindra and ITC were among the major gainers. Talking about sectors, the maximum decline of 5% was seen in the metal index. Apart from this, there was a weakness of 0.5% to 1% in Oil & Gas, Banking, IT and Energy sectors. Whereas Pharma, Media, Consumer Durables and FMCG sectors recorded a growth of 0.5% to 1.5%.
Among the companies included in the Sensex, Tata Steel’s stock declined the most by 4.57 percent. Also read shares of ICICI Bank, Power Telecom, HCL Tech, Tech Mahindra, Infosys and Kotak Mahindra Bank. Stocks of Mahindra & Mahindra, State Bank of India, ITC and Bharat Electronics rose.
What do experts say?
Vinod Nair, Head of Research, Geojit Investments Limited, said that continuous selling by foreign institutional investors (FIIs) and continued weakness in the rupee have kept the market sentiment cautious. He further said that amid rising geopolitical risks and global tariff pressures, investors are looking forward to the Union Budget to provide clear signals on the government’s stance on supporting economic growth and fiscal discipline.
Today’s trend in Asian stock markets
A mixed trend was seen in Asian stock markets. South Korea’s Kospi index closed with gains, while Japan’s Nikkei 225, China’s Shanghai SSE Composite and Hong Kong’s Hang Seng index closed the session with losses. There was a bullish trend during trading in European markets. At the same time, on Thursday, most of the indices in the American stock markets closed with a decline.
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