The Indian stock market remained open today for a special trading session on account of the Union Budget 2025. The trading session was extended from 9:15 AM to 3:30 PM, and there was a pre-open session from 9:00 AM to 9:08 AM. The commodity market too remained open until 5:00 PM. Although everyone had huge expectations of big movements, the market was extremely stable with a balanced battle between buyers and sellers.
The Sensex closed at 77,505, slightly up. The Nifty 50, however, closed slightly down, at 23,482. Trent jumped over 6%, followed by ITC Hotels, which jumped over 5%. Maruti, Tata Consumer, Eicher Motors, Bajaj Auto, and ITC too were among the leaders. On the down side, BEL dipped over 4%, while Power Grid and L&T dipped over 3%. Shares like Cipla, Grasim, and Coal India too helped the index in its weakness.
The Nifty Bank closed at 49,506, which was a small up move. IndusInd Bank, Axis Bank, Kotak Bank, and ICICI Bank were the major movers in this direction, which made the banking space relatively stable.
The Nifty Next 50 closed positively at 63,503, led mainly by DMart’s massive 8% rise, followed by Zomato’s over 6% rise. Other shares which helped the uptrend were Godrej Consumer Products, Havells, and United Spirits.
The BSE 200 closed at 10,656, which was up by 1%. DMart was the best gainer, with a rise of over 9%, followed by Trent and Zomato, both of which rose over 7%. Phoenix Mills, SBI Cards, Havells, and Godrej Consumer Products too helped the index’s positive movement.
In the commodity market, gold edged higher to close at ₹82,350, gaining ₹117. Crude oil futures also edged higher, and silver also logged similar gains. The other movers of note were aluminium and natural gas, which also logged gains in the session.
The overall market was modestly positive, contrary to the expectation of a broader movement. The equal participation of buyers and sellers resulted in a mixed session with some segments like FMCG and retail logging good gains while others like infrastructure and energy faced selling pressure.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
Also read: Indian Markets on 31 Jan: Across-the-Board Advances with Fresh Buying Interest
Published on: February 1, 2025 at 6.45 PM GMT.
Basant Panchami Festival:
Basant Panchami falls on February 2, 2025, in India. It is a Hindu festival celebrated to welcome the spring season and is also known as Saraswati Puja, which is dedicated to the goddess of knowledge and arts. The devotees worship Saraswati Puja, fly kites, wear yellow clothes, and make traditional dishes such as Kheer and Kesar Pista. The day is also considered auspicious for learning and arts.
As stated in Bhagavad Gita : (Bhagavad Gita 2.20)
न हन्यते हन्यमाने शरीरे।
The soul is never destroyed when the body is destroyed.
2nd February is celebrated as Basant Panchami!
