Indian Stock Market: Key Updates Before Budget 2025 Announcement
The Indian stock market is expected to experience volatility on Saturday, February 1, 2025, as Finance Minister Nirmala Sitharaman presents the Union Budget 2025-26 in Parliament. The Sensex and Nifty 50 may open cautiously due to weak global cues.
The market will be open for a special trading session today as the BSE, NSE, and MCX have scheduled trading to coincide with Budget Day.
On Friday, the Sensex and Nifty 50 surged ahead for the fourth consecutive session, driven by positive sentiment after the release of the Economic Survey 2025.
Also Read: Inflation reduced, 6.8% growth expected in 2026 too, know what is in Economic Survey
Stock Market Performance on Friday
- Sensex jumped 740.76 points (0.97%) to close at 77,500.57.
- Nifty 50 gained 258.90 points (1.11%), settling at 23,508.40.
Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, stated that the market remained positive ahead of the Budget announcement, supported by strong global cues. The European Central Bank (ECB) recently cut interest rates by 25 basis points, which helped ease US bond yields, contributing to bullish market sentiment.
Global Market Cues for Sensex Today
1. Asian Market Trends
Asian markets closed mixed on Friday:
- Japan's Nikkei rose 0.15%.
- South Korea’s Kospi declined 0.77%.
- China and Hong Kong markets were closed for holidays.
2. Gift Nifty Performance
Gift Nifty was trading around 23,533, about 87 points lower than the Nifty futures’ previous close, indicating a weak start for Indian indices.
3. US Stock Market Performance
Wall Street closed lower on Friday due to concerns over new tariffs imposed by US President Donald Trump on imports from Canada, Mexico, and China.
- Dow Jones fell 337.47 points (0.75%) to 44,544.66.
- S&P 500 dropped 30.64 points (0.50%) to 6,040.53.
- Nasdaq Composite declined 54.31 points (0.28%) to 19,627.44.
4. Stock Movements in the US
- Nvidia shares dropped 3.7%.
- Apple shares declined 0.7%.
- Amazon stock gained 1.3%.
- Tesla rose 1.1%.
- Chevron saw a sharp fall of 4.56%.
What to Expect from the Indian Stock Market Today
- The market may react sharply to Budget 2025 announcements.
- Global cues from Gift Nifty and Wall Street suggest a cautious start.
- Sector-specific announcements in the Budget may drive stock-specific movements.
- The rupee’s performance against the US dollar will also be closely monitored.
Investors and traders should watch for government policy changes and sectoral allocations that could impact stock movements throughout the day.
Also Read: Economic Survey 2025: Finance Minister presented the Economic Survey in Parliament