Indian equity benchmarks demonstrated a strong recovery during the initial trading hours on Monday, February 2, 2026, effectively bouncing back from the significant declines experienced on the previous Budget day. This rebound highlights the market's inherent volatility and its capacity for swift recovery following periods of intense selling pressure.
Market Indices Show Notable Gains
The benchmark 30-share BSE Sensex exhibited a robust upward movement, climbing by an impressive 302 points to reach 81,024.94 during the early trading session. This substantial gain reflects renewed investor confidence and buying interest across key sectors, potentially driven by bargain hunting after the recent sell-off.
Nifty Follows Positive Momentum
Similarly, the broader 50-share NSE Nifty index mirrored this positive trend, advancing by 59.25 points to settle at 24,884.70. The synchronized recovery across both major indices suggests a broad-based market revival rather than isolated sector-specific movements.
Context of the Recovery
This early trading rebound comes as a welcome relief to market participants who witnessed sharp declines on Budget day. The recovery indicates that investors may be reassessing their positions and finding value opportunities in the aftermath of the budget-related volatility. Market analysts are closely monitoring whether this upward momentum can be sustained throughout the trading day.
Factors Influencing Market Movement
Several factors could be contributing to this market recovery:
- Technical rebound from oversold conditions following the Budget day decline
- Positive global market cues providing support to domestic indices
- Institutional buying activity at lower levels
- Market participants digesting budget announcements and adjusting their strategies accordingly
The trading session continues with market observers watching for further developments that might influence the direction of Indian equities throughout the day.
