After a day of ups and downs, during the special trading session on February 1, following the presentation of Union Budget 2025, the Indian headline indices closed the day on a mixed note.
The benchmark Sensex surged by 5.39 points, or 0.01%, to end at 77,505.96. Meanwhile, the NSE Nifty 50 fell 26.25 points, or 10.11%, closing at 23,482.15.
Among the sectoral indices, Nifty Bank was down 80.25 points, or 0.16%, to settle at 49,506.95.
Top gainers and losers
Among the top gainers in the Sensex 30 pack today, Zomato, ITC Hotels, Maruti, ITC, M&M, and Asian Paints saw notable increases in their stock prices. On the other hand, some of the top losers included UltraTech Cement, Tech Mahindra, HCL Technologies, NTPC, Larsen & Toubro, and PowerGrid, which experienced a decline in their share prices.
From the Nifty 50 pack, the top 5 gainers included Trent, ITC Hotels, Maruti, Tata Consumer, and Eicher Motors. On the flip side, the laggards were BEL, PowerGrid, L&T, Cipla and Grasim.
Sectoral indices
The Nifty Midcap 50 index closed at 14,925.65, marking a loss of 0.15%, while the Nifty Midcap 100 index finished at 53,48615, down by 0.42%. The Nifty Smallcap 50 index saw a gain, closing at 8,141.20, up by 1.14%.
Finance Minister’s eighth budget
Today, on February 1, the Indian stock and commodity markets opened for a special trading session in light of Union Budget Day. The markets operated from 9:15 AM to 3:30 PM, with commodity trading extending until 5:00 PM.
Finance Minister Nirmala Sitharaman presented the Union Budget 2025 in Parliament, focusing on boosting the country’s economic growth and ensuring social development through major investments in infrastructure, healthcare, education, and agriculture.
A key highlight of the budget was a major relief for the middle class. The Finance Minister announced that individuals with an annual income of up to Rs 12 lakh will be exempt from income tax, and the tax slabs have been restructured.
