Finance Minister Nirmala Sitharaman presented her ninth Union Budget in Parliament on February 1, 2026. In the immediate aftermath, the Nifty 500 slipped about 1 per cent from the previous close to around 22,819. By 1:20 PM, market Breadth was weak, with 354 stocks declining, against 146 advancing.
The sharpest early losses were concentrated in a handful of pockets. Metals and mining names such as Hindustan Copper Ltd, Hindustan Zinc, National Aluminum Co Came under pressure. Capital market and broking counters, including Multi Commodity Exchange of India, BSE, Angel OneNuvama Wealth Management, also corrected sharply. Financials — Bank of India, Bank of Baroda, Union Bank of India, Karur Vysya Bank, Muthoot Finance, IIFL Finance — featured prominently among the losers. Overall, cyclicals and market-linked plays bore the brunt of the sell-off.
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Published on February 1, 2026