Stock Market Today: After the presentation of the Union Budget 2025, the Indian stock market registered a sharp decline. Despite all the big announcements, investors did not show the expected enthusiasm, due to which both the Sensex and Nifty indices opened in the red.
Weak start of stock market
Bombay Stock Exchange (BSE) Sensex fell by 700 points, while the National Stock Exchange (NSE) Nifty slipped by 220 points.
Sensex opened at 77,063.94, down from its previous close of 77,505.96 and soon went up to 76,774.05.
Nifty opened at 23,319, down from its previous close of 23,482.15 and shortly reached a low of 23,239.15.
Market remained sluggish on the day of the budget
Despite the presentation of the budget on Saturday, no special movement was seen in the market. After a day of fluctuations, the indices closed almost flat.
Sensex closed at 77,506 with a marginal gain of just 5.39 points after opening at 77,637.
Nifty also closed at 23,482.15 with a fall of 26.25 points.
Effect of global pressure and Trump tariff
The Indian market was also affected by US President Donald Trump’s new tariff war policy. The decision to impose 25% tariff on Mexico and Canada increased volatility in the global markets, which had a direct impact on the Indian stock market.
Public holiday 5 February: Schools-colleges and government-private offices will remain closed