Sensex rises 900 points, Nifty crosses 23,560 ahead of Budget
01 Feb 2025

The Indian stock market indices, Sensex and Nifty, have opened on a positive note on Budget day, and are currently trading much higher.

The Sensex is up by 1.21% or 925.19 points compared to yesterday and is currently trading at 77,699.

Meanwhile, the Nifty has climbed 1.36% or 317.05 points to reach the 23,565.35 mark.

To note, the Budget will be presented at 11.00am today.

Market performance since Interim Budget
Post-election impact

Notably, the market's performance has been less than stellar since the post-election interim Budget on July 23.

The Nifty has witnessed a 4% decline, while mid-cap and small-cap indices have plummeted by 4.6% and 8.1% respectively.

This downturn is attributed to slow economic growth that has adversely affected corporate earnings and dampened foreign investor sentiment in India's equity markets.

India's GDP growth projection for FY26
Economic forecast

The annual Economic Survey has projected India's GDP growth for FY26 to be between 6.3% and 6.8%.

This forecast is in line with the current fiscal year's estimate of 6.4%.

Despite expectations that the Indian government will use the Budget to stimulate growth, analysts do not see a significant rise in capital expenditure.