February 1, 2026 | Mumbai : Indian equity markets slipped sharply on Budget day as investors reacted cautiously to the government’s fiscal signals. The Sensex fell over 1,500 points, down nearly 1.9 percent, while the Nifty 50 dropped close to 500 points, losing about 2 percent during intraday trade.
Market participants said the decline reflected profit booking at higher levels and uncertainty over the Budget’s impact on corporate earnings, fiscal discipline, and growth momentum. Selling pressure was seen across major sectors, including banking, telecom, and technology.
Trading volumes remained strong, indicating active repositioning by investors. Analysts noted that such sharp moves on Budget day often capture immediate sentiment rather than the long-term economic impact, which will become clearer in the months ahead.
