It was a mixed day on Dalal Street as markets traded cautiously ahead of the upcoming Union Budget, leading to sharp swings through the session. Early pressure saw the Sensex slip over 600 points with the Nifty trading below the 25,200 level as investors weighed macro news and policy anticipation.
However, the mood improved later in the day as key economic data lifted sentiment — the Nifty50 and BSE Sensex finished higher, extending gains for the third straight session amid optimism around the Economic Survey’s growth projections for the year ahead.
Sector action saw some divergence:
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Banking names like Axis Bank outperformed peers, rising notably on the day.
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Tata Steel hit fresh highs, reflecting strength in metal counters.
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Reliance Industries and Kotak Mahindra Bank lagged, underperforming broader markets.
Why it matters:
Today’s trading showed investors still juggling optimism with caution — early profit-booking and yield/security dynamics pressured markets initially, but better economic signals from the Economic Survey helped tilt sentiment back positive by close. With the Union Budget around the corner, participants are likely to keep positioning based on policy expectations and macro cues.
