Indian markets bounced back on Monday following a sharp Budget-day decline triggered by a surprise increase in Securities Transaction Tax (STT) on derivatives. The broader indices rallied as buying in heavyweight stocks helped stabilise sentiment. Reliance Industries emerged as a key contributor to the upside after earlier losses, while other large-cap names also drew buying interest. A firming rupee provided further support, helping ease some pressure from global volatility. Broader market participation improved compared with the previous session’s steep sell-off, though overall trading remained cautious as investors continue to digest policy developments and global cues.
What’s next:
Traders will be watching crude oil trends, earnings updates and global macro signals for further direction, while domestic focus remains on liquidity flows and STT impact on trading activity.
