Sensex up 550 pts; Nifty tests 24,950; pharma, consumer durables top drag

The benchmark Indian equity indices, the Sensex and Nifty, were volatile on Monday as investors read the fineprint of Budget 2026.

At 1:00 PM, the BSE Sensex was trading at 81,130.14 levels, higher by 407.20 points or 0.50 per cent, while the NSE Nifty50 was at 24,940.3, rising 114.85 points or 114.85 per cent

In the Sensex pack, Titan, Infosys, Trent, Axis Bank, and SBI were among the top laggards during early trade, trading lower by up to 2 per cent, while Adani Ports, Larsen & Toubro, RIL, Asian Paints, and Power Grid were leading the gains, up to 2.8 per cent.

The Nifty Midcap100 and Nifty Smallcap100 indices were trading lower by 0.86 per cent and 1.3 per cent, respectively.

Most sectoral indices on the NSE were in the red on Monday. The media, pharma and consumer durables were the top losers, down over 1 per cent each.

In a special Budget 2026 session held on Sunday, February 1, Indian benchmarks crashed following the announcement about hike in securities transaction tax (STT) after two years.

Q3 results today

Bajaj Housing Finance, Hyundai Motor India, Indus Towers, Mahindra Lifespace Developers, Ol Electric, PB Fintech, Railtel, Tata Chemicals, and others will release their quarterly results today.

Markets will also react to results from Latent View, which were released on Sunday.