Indian Markets Bounce Back: Sensex Surges 944 Points, Nifty Ends Near Day’s High

Mumbai, Feb 02, 2026: On February 2, the Indian stock market had a very volatile day, but it ended on a positive note.

At the start of the day, markets were weak because of mixed signals from global markets and nervousness after the Union Budget. For most of the morning and early afternoon, prices moved up and down in a tight range.

However, strong buying came in during the second half of the day, helping the market recover most of its earlier losses. By the end of trading, markets closed near the highest levels of the day, which is a positive sign.

• Sensex rose by 944 points to close at 81,666
• Nifty gained 263 points, ending near 25,100

Smaller stocks also recovered well:

• Midcap stocks rose nearly 1%
• Small-cap stocks gained about 0.6%

Which sectors did well?

Stocks from FMCG, auto, metals, oil & gas, energy, infrastructure, and real estate sectors went up by 1–2%. However, IT stocks fell slightly, ending about 0.5% lower.

What does this mean for Nifty?

Nifty showed a good recovery after the sharp fall seen on Budget day. This suggests that buyers are slowly returning.

• The first big hurdle for Nifty is around 25,200–25,250
• If Nifty stays above this level, the recent fall may slow down
• A stronger resistance lies near 25,400–25,500
• On the downside, strong support is seen around 24,500–24,600, meaning buyers may step in near this level

Market movement is expected to remain volatile this week because of global factors and the upcoming RBI policy decision.

What about Bank Nifty?

Bank Nifty is currently moving sideways, meaning it is neither rising nor falling sharply.

• Strong buying interest is seen around 57,800–58,100
• If it falls below this zone, it could slip further toward 57,000
• On the upside, Bank Nifty needs to move above 59,000–59,200 to show real strength

Like Nifty, Bank Nifty may also remain volatile this week due to global news and the RBI policy outcome.

#Nifty #Sensex #StockMarketIndia #MarketUpdate #Investing

Credit: Bajaj Broking