MARKET
Indian Stock Market Rebounds: Nifty Reclaims 25,000 as Sensex Surges 900 Points Post-Budget
The Indian stock market witnessed a massive recovery on Feb 2, 2026. Investors added ₹4.4 lakh crore in wealth as Nifty 50 reclaimed the 25,000 mark. Read the top 20 news updates on Power Grid, Tata Motors, and the STT impact.
By StoxMaster Editorial•2 min read
Market Snapshot
Today, February 2, 2026, the Indian stock market staged a significant recovery following the heavy sell-off on Budget Day (Sunday, Feb 1). The indices reclaimed key levels as investors pivoted from the shock of the Securities Transaction Tax (STT) hike to the government's aggressive growth and infrastructure spending plans.
Market Performance Headlines
- Sensex Rallies: The BSE Sensex closed up by 944 points (1.17%) at 81,666, staging a sharp recovery from the previous day’s plunge.
- Nifty Reclaims 25,000: The NSE Nifty 50 surged 263 points (1.06%) to end at 25,088, recovering nearly half of the losses from the Budget session.
- Investor Wealth Boost: Over ₹4.4 lakh crore was added to investor wealth in a single day as market capitalization bounced back.
- Broader Markets Gain: Midcap and Smallcap indices ended in the green, rising 1% and 0.6% respectively, reflecting broad-based buying.
- Volatility Index (VIX) Eases: After a 14% spike on Sunday, the India VIX cooled down as market sentiment stabilized.
Corporate & Sectoral News
- Power Grid Surges: Shares jumped over 7.4% after the company raised its FY26 capex guidance to ₹32,000 crore.
- Auto Sector Leads: Nifty Auto was the top sectoral gainer (up over 2%) following strong January sales reports from major OEMs.
- Tata Motors PV Hits Highs: Shares rallied 5.6% on the back of impressive monthly domestic sales figures.
- Campus Activewear Gains: The stock rose 7% after reporting a 37% jump in Q3 net profit.
- Maruti Suzuki Sales: Reported a 12% rise in total sales for January, totaling 2.36 lakh units.
- Hyundai India Q3: Reported an 8% revenue growth and 6% rise in net profit, leading to positive stock movement.
- UPL Beats Estimates: Shares rose 5% as Q3 revenue growth of 12% surpassed analyst expectations.
- Data Centres Rally: Stocks like Anant Raj and E2E Networks gained another 5% following Budget incentives for the data centre industry.
- IT Sector Lags: Unlike the broader market, TCS and Infosys ended as top losers as investors shifted focus away from tech.
- Adani Ports Recovers: The stock climbed 4.3%, recovering quickly from its steep fall on Sunday.
Economic & Global Cues
- Rupee Strengthens: The Indian Rupee gained 37 paise to close at 91.56/$, supported by falling crude oil prices.
- Crude Oil Slump: Brent crude fell over 4% to around $66.45, providing a massive tailwind for Indian equities.
- FII/DII Data: Foreign Institutional Investors (FIIs) remained net sellers of ₹588 crore on the previous session, but domestic buying absorbed the pressure today.
- Bond Yields Spiked: India’s 10-year bond yield hit a month high of 6.78% following the government's ₹17.2 lakh crore borrowing plan.
- STT Impact: Despite the recovery, capital market-linked stocks like BSE and Angel One remained volatile as the market adjusts to the higher tax on F&O.
