India's Stocks Rebound on Monday as Infrastructure Shares Lead Post-Budget Buying

MT Newswires Live
Feb 02

Indian equities moved higher on Monday, recovering from budget-led volatility as buying interest emerged in infrastructure stocks.

Markets continued to digest the Union Budget for financial year 2026-27 presented on Sunday, which raised public capital expenditure to 12.2 trillion rupees and projected a fiscal deficit of 4.3% of GDP.

Lower oil prices and currency strength added to the supportive backdrop.

The BSE Sensex climbed 1.2%, or 943.52 points, to close at 81,666.46, while the NSE Nifty 50 gained 1.1%, or 262.95 points, to end at 25,088.40.

Power Grid Corp. of India (NSE:POWERGRID, BOM:532898) jumped nearly 8% to lead the gainers, followed by Tata Motors (NSE:TATAMOTORS, BOM:500570) and Adani Ports and Special Economic Zone (NSE:ADANIPORTS, BOM:532921).

Shriram Finance (NSE:SHRIRAMFIN, BOM:511218), Axis Bank (NSE:AXISBANK, BOM:532215) and Max Healthcare Institute (NSE:MAXHEALTH, BOM:543220) were among the top laggards.

In company updates, Force Motors (NSE:FORCEMOT, BOM:500033) said total vehicle sales rose 4.6% year on year to 3,764 units in January, driven by higher domestic volumes.

WPIL (BOM:505872) reported a rise in consolidated attributable profit to 543.3 million rupees for the fiscal third quarter ended Dec. 31, 2025, from 313.4 million rupees a year earlier, while revenue from operations increased to 5.39 billion rupees, the company said in a filing.

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