Sensex Nifty Updates February 1: Markets End Sharply Lower as Sensex Falls 2.23%, Nifty Slides 2.33% Post Budget

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Last Updated: 2nd February 2026 - 10:04 am

Indian markets witnessed a sharp sell-off with the Sensex and Nifty 50 falling over 2%, dragged by heavy losses in banking, PSU and metal stocks, while IT and pharma offered limited support. Volatility rose as India VIX jumped above 15. Asian markets remained weak, led by a steep fall in Hang Seng, while European indices traded higher mid-session. U.S. markets ended lower in the previous session amid profit booking.

Stock Market Highlights, February 1

  • Domestic Markets Under Pressure: Indian benchmarks saw sharp declines as heavy selling gripped frontline indices. The Sensex slipped 2.23% to 80,722.94, while the Nifty 50 fell 2.33% to 24,825.45. Banking and PSU stocks dragged sentiment, even as select IT and pharma names showed resilience.

  • Global Cues Mixed: Asian markets traded mostly lower, led by weakness in Hong Kong’s Hang Seng, which dropped over 2%, while Shanghai and Nikkei also ended in the red. European markets traded firmly higher mid-session, with the DAX, CAC 40 and STOXX 50 gaining close to 1%, reflecting improved risk appetite.

  • Wall Street Recap: In the previous session, U.S. markets ended lower as investors booked profits at higher levels. The Dow Jones slipped 0.36%, the NASDAQ declined 0.94%, and the S&P 500 eased 0.43%, amid cautious sentiment around valuations and upcoming macro cues.

Stay informed with our in-depth look at what’s driving the stock market tomorrow.

Top Gainers

Company Gain
Max Healthcare 2.08%
Wipro 2.07%
TCS 2.02%
Sun Pharma 0.93%
Infosys 0.82%

Top Losers

Company Loss
Hindalco -5.65%
SBI -5.47%
ONGC -5.45%
Adani Ports -5.28%
Bharat Elec -5.27%

Indian Market Cues

Index Value Change (%)
Gift Nifty 24,420.50 -0.15%
Nifty 50 24,825.45 -2.33%
Nifty Bank 58,417.20 -2.57%
SENSEX 80,722.94 -2.23%

India VIX

Volatility Index Value Change (%)
India VIX 15.095 10.075%

Asian Markets 

Index Value Change (%)
Nikkei 53,322 -0.099%
Hang Seng 27,387 -2.08%
Shanghai Composite 4,720 -0.96%

European Market Mid-Session Update

Index Value Change (%)
FTSE 100 10,223 0.51%
DAX 24,538 0.94%
CAC 40 8,126 0.68%
STOXX 50 5,947 0.95%

U.S. Markets Live Today

Index Value Change (%)
Dow Jones 48,892.47 -0.36%
NASDAQ 23,461.82 -0.94%
S&P 500 6,939.03 -0.43%


*As of 15:45 IST

This content is for informational purposes only and not investment advice. Please do your own research before making any financial decisions.

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