Indian markets are trading on Sunday on account of the Union Budget 2026-27. Here are domestic as well as key global cues to watch before the market opens that include Gold, Silver, crude oil prices, FII and DII data, business groups that most affect, sectoral performance, etc.
Earlier on Friday, the NSE Nifty 50 closed the session 98 points or 0.39% lower at 25,320, while the BSE Sensex fell 296 points or 0.36% to close at 82,269.
Key global and domestic cues to know on Budget February 01, 2025
Union Budget 2026-27
The Union Budget 2026-27 is set to be presented today, February 1. This will be Finance Minister Nirmala Sitharaman’s ninth Union Budget in Parliament. This is a significant milestone as she will be the first finance minister to achieve this. The government prepares to lay out its fiscal policy for the coming year. In Parliament, the Budget Session was started on January 28, 2026, and will continue till April 2, 2026. As per the schedule, the finance minister will commence the Budget speech at 11:00 AM. The Union Budget is typically presented on February 1 to give ministries and departments sufficient time to execute proposals starting at the beginning of the new financial year on April 1.
Gold rate today
The rate for 24-carat gold today is Rs 1,49,590 per 10 grams, falling sharply from its all-time high. The price of gold has declined by 12% from yesterday. The 24 kt gold rate today in Delhi is Rs 1,49,330 per 10 grams. The 18-carat gold price today in India is Rs 1,12,192.5. The 24-carat gold rate in Dubai today is Rs 1,49,590.
Silver rate today
Silver prices dropped below $100 per ounce on COMEX, ending a strong rally after rising about 63% in January. In India, the silver rate fell by roughly 30% to Rs 2,92,280 per kilogram. The fall came after reports that former President Donald Trump may nominate Kevin Warsh as the next Federal Reserve chair, which pushed the US dollar higher, said Ajay Kedia of Kedia Advisory.
FII, DII data
Foreign institutional investors (FII) were the net sellers of shares worth Rs 601.03 crore. On the other hand, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 2,251.37 crore on January 30, 2025, according to the provisional data available on the NSE. Till December 2025, the FPIs have remained consistent sellers for 6 months of the Indian equity markets. And in January 2026, the FPIs were the net sellers of Rs 41,435.22 crore.
Crude oil
The crude oil prices traded on a lower note on Friday morning. WTI crude prices were trading at $65.74, up 0.49%, while Brent crude prices were trading at $69.82, a rise of 0.33%. Overnight, crude oil prices rose more than 3% on Thursday as President Donald Trump weighed military strikes on OPEC member Iran. US crude rose $2.21, or 3.5%, to close at $65.42 per barrel. Global benchmark Brent was up $2.31, or 3.38%, to settle at $70.71 per barrel.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading 0.90% higher at 97.15. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee depreciated 0.02% to close at 91.98 to the dollar on January 30.
US markets
The US benchmarks closed Friday’s trade on a lower note following the US President Donald Trump picked Kevin Warsh to lead the Federal Reserve. The S&P 500 index fell 0.43% to finish at 6,939.03 on Friday, its third straight down day. The Dow Jones Industrial Average pulled back 179 points, or 0.36%, to settle at 48,892.47. The Nasdaq Composite dropped 0.94%, to end the day at 23,461.82.
Top sectors in Friday’s trade
The Aquaculture sector’s stocks surged the most in Friday’s trade, increasing 5.6% in market capitalisation. Further, Rubber stocks were followed by the Electronics sector stocks, which were further followed by the Sugar sector stocks. However, the Metals – Non-Ferrous sector stocks fell the most.
Best and worst performing business groups
The Vedanta Group’s market cap fell the most in Friday’s session, declining 11.34%. It was followed by the Muthoot Group. In the list of Vedanta Group stocks, Hindustan Zinc’s share dropped 12.12%. Apart from that, Jaipuria Group’s market capitalisation rose the most, increasing 4.13%.