No🇮🇳📉 Budget Shock, Cautious Close — Indian Markets Post Market Report (01.02.2026)

Indian Markets Post Market Report Special Sunday Budget trading session.

📌 Closing Snapshot (Cash Market)

Nifty 50: 24,825.45 (↓ ~495.20 pts |1.96%)  👉Reuters

Sensex: 80,722.94 (↓ ~ 1,546.84 pts|1.88%) 

Bank Nifty: 58,417.20 (↓ ~1,193.25 pts|2.0%) 

Market mood: Budget-day selloff—sharp, broad-based, and risk-off.

🧾 Budget Highlights That Moved the Market (Quick Summary)

1) Derivatives taxes raised (big trigger)

Government proposed higher STT on equity derivatives: Futures to 0.05% (from 0.02%) and Options to 0.15% (from 0.1%). 

Why it matters: Higher trading costs can hit volumes, liquidity and sentiment—especially in broker/exchange/market-facing stocks.

2) “Foreign flow” disappointment

Traders also read the budget as light on fresh steps to attract foreign capital, while foreign outflows have been a key overhang. 

3) Pockets of positivity

IT found support on buyback-related tax nuance and policy messaging; select themes like textiles also caught bids. 

🎯 Why Markets Fell Today (Simple, Real Reasons)

STT hike spooked traders → immediate “risk-off”, especially in F&O-linked names. 

Broader selloff: 15 of 16 sectors ended lower; mid & smallcaps saw deeper cuts. 

Profit-booking in pre-budget winners: PSU banks/defence had rallied earlier and corrected when “expectations vs reality” didn’t match. 

📈 Top 5 Gainers and Top 5 Losers (Nifty 50)

✅ 5 Top Gainers (Nifty 50)

1.Wipro (+2.07%) 

2.Max Healthcare (+2.08%) 

3.TCS (+2.02%) 

4.Infosys(+0.82%) 

5.Sun Pharma (+0.93%) 

What this says: Defensive + quality largecaps held up; IT and select healthcare caught buyers even in a falling tape. 

❌ 5 Top Losers (Nifty 50)

1.Bharat Electronics (BEL) (-5.27%) 

2.Hindalco (-5.65%) 

3.ONGC (-5.45%) 

4.State Bank of India (-5.47%) 

5.Adani Ports (-5.28%) 

🏭 Sector Performance (What led, what bled)

🔼 Relative Strength

IT: held up / outperformed; policy + buyback-tax chatter helped sentiment. 

Textiles: strong interest on “mega textile parks” theme (stock-specific spikes). 

🔽 Weak Spots

PSU Banks: hit hard in the “sell the news” move. 

Defence-linked counters: corrected after expectations of larger outlay didn’t translate into a stronger-than-expected cheer. 

Broader market: midcap and smallcap damage was sharper than benchmarks. 

🧠 Indian Markets Post Market Report Technical Levels: Support & Resistance (Next Session Watchlist)

Nifty 50

Support: 24,700 → 24,500

Resistance: 25,000 → 25,150

Bank Nifty

Support: 58,000 → 57,600

Resistance: 59,000 → 59,600

Sensex

Support: 80,000 → 79,400

Resistance: 81,300 → 82,000

(These are analytical levels based on market structure/round-number zones; use with risk management.)

🧩 Open Interest, PCR & India VIX (Derivatives Pulse)

Put-Call Ratio (PCR): around 0.90 (indicating cautious/defensive positioning). 

Volatility: Budget sessions typically keep India VIX elevated; expect wide intraday swings until the market digests the tax + policy details. VIX~15.10 up 10.78%

💼 Major Q3 Results / Stock Buzz (2 names to track)

Here are two result-linked names in the news flow (good to watch for follow-through moves next session):

Acme Solar Holdings – Q3 FY26 results in focus. 👉equitymaster

MTAR Technologies – Q3 FY26 results in focus. 

👉Q3 results keep reading Q3 FY26 Results Update: TCS, Infosys, HCLTech

Pharma Q3 FY26 Results: Cipla, Dr Reddy’s and Laurus Lab Pharma (CMP, Key Triggers, Technical Levels)

Banking Sector Q3 Results (FY26):For 4 Major Banks HDFC Bank, ICICI Bank, Kotak Mahindra Bank & Bank Of India.

🧾 FII & DII Data Today (01.02.2026)

FII: Net sell~ -₹588.34cr

DII: Net sell ~ -₹682.73cr 

🪙 Commodities & ₹ Currency Check

🥇Gold

Gold ~₹1,43,000/10g

🥈 Silver

Silver~₹2,65,652/kg

Precious metals were volatile; MCX gold saw a sharp drop intraday (risk-off + positioning unwind narrative in market coverage). 

🛢️Crude

Brent ~$69.82/bbl

WTI ~$65.74/bbl

Crude stayed sensitive to macro + dollar moves; keep an eye because it impacts India’s inflation and oil marketing companies’ sentiment.

💱 Rupee

USD/INR ~₹91.98/$ remains a key risk-marker for foreign flows; any spike in dollar strength typically pressures emerging markets.

🧾 IPO Updates (New & Ongoing)

CKK Retail Mart IPO (SME): open Jan 30 – Feb 3, 2026, tentative listing Feb 6. 

NFP Sampoorna Foods IPO (SME): opens Feb 4 – Feb 6, 2026, tentative listing Feb 11. 

🧭 Stock of the Day (Market-Desk Pick)

Wipro

Why it stood out:

Managed green close in a heavy market; IT theme had relative strength during Budget volatility. 

Trade approach (simple):

Short-term traders: look for follow-through above today’s high with tight stop.

Investors: use staggered buying only if the broader market stabilizes (don’t chase green candles in a falling market).

🧠 Investment View: Short Term vs Long Term

✅ Short Term (1–4 weeks)

Keep a light stance. Focus on quality largecaps and defensives. Avoid oversized positions in high-beta mid/smallcaps until volatility cools. 

✅ Long Term (6–24 months)

Budget volatility is usually temporary. Stick to a SIP discipline in diversified funds/largecaps. Use corrections to accumulate leaders (banks/IT/consumer/healthcare) slowly—not all at once.

🏛️ SEBI Updates (Today’s Market-Relevant Notes)

SEBI posted fresh circulars around “ease of doing investment” (operational/processing-related). 

Separately, SEBI giving a no-objection for the National Stock Exchange IPO path was reported as a key market development, with some shareholding-link stocks in focus. 

👉Further reading

🇮🇳📊 Budget Special Indian Markets Opening Report (Feb 1, 2026)

Pre-Budget Market Outlook (Union Budget 2026-27) — What the Market Is Pricing In

India Pre-Budget Forecast 2026 (Part – 2): The Fine Print Investors Should Track

SIP vs Lump Sum: Which Is Better for Mutual Fund Investors?

Stock Market 101–Lesson 14 IPOs for Beginners: Process & Allotment Basics

Corporate Actions Made Simple for Beginners Stock Market 101-Lesson 15

⚠️ Disclaimer:

This report is for educational and informational purposes only and should not be treated as investment advice. Markets involve risk. Please consult a registered financial advisor before taking any trade/investment decision. Past performance is not indicative of future results.