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Informist, Monday, Feb. 2, 2026

 

By Gopika Balasubramanium

 

MUMBAI – Contrary to expectations of a steep fall, the benchmark equity indices closed higher Monday as investors covered their short positions after the heavy selling seen Sunday when the equity market was open because of the presentation of the Union Budget for 2026-27 (Apr-Mar). Together, overseas and domestic investors had net sold INR 13 billion in the cash market Sunday, pushing the benchmark indices down nearly 2%.

 

Monday, the Nifty 50 rose 1.1%, or 262.95 points, to close at 25088.40 points, regaining the psychologically crucial mark of 25000 points. Some analysts had expected selling to come in at higher levels and the Nifty 50 to close below 25000 points. As it happens, the index recovered at least 50% of the fall it saw Sunday, after the government's proposal to raise securities transaction tax on futures and options soured sentiment.

 

The BSE Sensex settled at 81666.46 points, up 943.52 points or 1.2%. In the mid- and small-cap space, indices were in the red for most part of the session but recovered towards later in the day. India VIX, the market's fear gauge, cooled during Monday's session, closing over 8% lower at 13.8650. However, the near-term bias remains negative, analysts said.

 

Some analysts said funds could flow into the equity market after gold and silver prices crashed Friday. Prices of the precious metals tanked amid a recovery in the dollar index and a sell-off triggered by profit taking. Shares of metal companies, which had rallied sharply over several weeks, saw the gains being wiped out Friday and Sunday. These stocks took a breather Monday, with the sectoral Nifty Metal index gaining 2% and all its constituents closing higher. Hindustan Zinc and National Aluminium Co. were the biggest gainers, closing 4-7% higher.

 

Among Nifty 50 constituents, Power Grid Corp. was the top gainer, followed by Tata Motors Passenger Vehicles and Adani Ports and Special Economic Zone. Traders bought shares of Power Grid throughout the session, taking the price to a near one-month high of INR 271.20. The stock closed nearly 8% higher at INR 270.40. The sharp gains come after the company revised its capital expenditure guidance for the financial year 2025-26 (Apr-Mar) upwards to INR 320 billion from INR 280 billion. It also raised the FY26 capitalisation by 10% to INR 220 billion. The sectoral Nifty Infrastructure index closed at 9125.25 points, up 2.3%.

 

On the earnings front, Nifty 500 companies Hyundai Motor India, Sundaram Finance, Campus Activewear, and UPL declared their results during market hours. Shares of Sundaram Finance closed 8% higher after the company's net profit and revenue grew 15% and 16%, respectively, on year. Campus Activewear closed nearly 7?ter the footwear maker's net profit for the quarter jumped 37% on year. UPL's shares closed 5% higher even though the company missed analysts' estimate for consolidated net profit by 23%. However, the speciality chemicals company's consolidated profitability improved on a year-on-year basis. Hyundai Motor closed with just 1% gains after its net profit missed estimates due to higher costs. 

 

Shares of cigarette-makers such as ITC and Godfrey Phillips India declined Monday after prices of cigarettes sharply rose, following the implementation of a new excise duty from Sunday. Under the new tax regime, excise duty on cigarettes has been set in the range of INR 2,050 to INR 8,500 per 1,000 sticks, along with a 40% goods and services tax rate, effective Sunday. While ITC recovered and closed nearly 2% higher, Godfrey Phillips ended 4% lower, unable to recover from the day's low.

 

* Of the Nifty 50 stocks, 39 rose, 11 fell

* Of the Sensex stocks, 25 rose and 5 fell

* On the NSE, 1,551 stocks rose, 1,638 fell, and 99 were unchanged

* On the BSE, 2,039 stocks rose, 2,220 fell, and 169 were unchanged

* Nifty Infrastructure: up 2.3%; Nifty Auto: up 2.1%; Nifty IT: down 0.5%

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BSE                                                 NSE

Sensex: 81666.46, up 943.52 points or 1.2%          Nifty 50: 25088.40, up 262.95 points or 1.1%

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S&P BSE Sensitive Index	Nifty 50
Lifetime High: 86159.02 (Dec. 1, 2025)	: Lifetime High: 26373.20 (Jan. 5, 2026)
Record Close High: 85836.12 (Sept. 26, 2024)	: Record Close High: 26328.55 (Jan. 2, 2026)
2026 1st day close: 85188.60 (Jan. 1)	: 2026 1st day close: 26146.55 (Jan. 1)
2026 Closing High: 85762.01 (Jan. 2)	: 2026 Closing High: 26328.55 (Jan. 2)
2026 Closing Low: 80722.94 (Feb. 1)	: 2026 Closing Low: 24825.45 (Feb. 1)
2026 High (intraday): 85883.50 (Jan. 5)	: 2026 High (intraday): 26373.20 (Jan. 5)
2026 Low (intraday): 79899.42 (Feb. 1)	: 2026 Low (intraday): 24571.75 (Feb. 1)
2025 1st day close: 78507.41 (Jan. 1)	: 2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 85720.38 (Nov. 27)	: 2025 Closing High: 26215.55 (Nov. 27)
2025 Closing Low: 72989.93 (Mar. 4)	: 2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 86159.02 (Dec. 1)	: 2025 High (intraday): 26325.80 (Dec.1)
2025 Low (intraday): 71425.01 (Apr. 7)	: 2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	: 2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	: 2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	: 2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	: 2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	: 2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	: 2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	: 2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	: 2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	: 2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	: 2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	: 2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	: 2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	: 2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	: 2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	: 2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	: 2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	: 2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	: 2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	: 2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	: 2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	: 2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	: 2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	: 2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	: 2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	: 2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	: 2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	: 2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	: 2017 High(intraday): 10515.10 (Dec. 26)

 

End

 

Edited by Rajeev Pai

 

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