After ₹10 Lakh Crore Market Loss, Here’s How Stocks Are Performing Post-Budget

The domestic stock market witnessed a major slump in the previous session following the Union Budget announcement. Although the markets were open on Sunday due to the budget, investor sentiment turned negative, resulting in losses of approximately ₹10 lakh crore. The BSE Sensex fell nearly 3,000 points during trading, before finally closing down 1,546 points.

Current Market Scenario:
On Monday afternoon at 12:30 PM, the BSE Sensex was trading up 350.38 points (0.43%) at 81,073.32, while the NSE Nifty 50 rose 61.30 points (0.25%) to 24,886.75. Markets are showing high volatility following the budget announcements.

Stocks Showing Gains:
Several major companies saw a recovery post the initial slump:

• Larsen & Toubro, Bharat Electronics, InterGlobe Aviation, Reliance Industries, Power Grid – up 1–2%
• Hindustan Copper – surged 6.5% after a 21% decline over the past two sessions
• Hindustan Zinc – up nearly 4%, despite a sharp drop in silver prices

Stocks Facing Losses:

• MCX – down 4% after falling nearly 20% in the past three sessions
• Cigarette Manufacturers – shares fell due to the additional excise duty effective from 1 February
• Godfrey Phillips – down 5.5% to ₹1,885 per share
• VST Industries – down 2.6%
• ITC – down 2.2%

The budget-triggered volatility, including the increase in STT on F&O trading and higher excise duties on cigarettes, continues to influence trading patterns, creating a mix of gains and losses across sectors.