The Indian stock market ended the week with a decline as the Sensex settled nearly 300 points lower and the Nifty fell below the 25,350 mark. Profit taking ahead of the upcoming Union Budget contributed to the cautious sentiment among investors. Banking and metal stocks were among the major decliners while broader market indices also witnessed pressure from foreign institutional investor outflows.
The Indian rupee closed at a record low against the US dollar, reflecting persistent demand for dollars amid global uncertainty and domestic market pressures. Rising oil prices and a lack of fresh domestic triggers added to investor caution. January ended with both the Sensex and Nifty posting significant monthly losses, marking one of the steeper declines in recent months.
Markets are set for a rare trading session on Sunday, February 1, to coincide with the presentation of the Union Budget 2026. This will be only the second time in history that both the BSE and NSE operate on a Sunday allowing investors to react to budget announcements in real time. Market participants are closely watching for policy measures that could influence investment sentiment including fiscal measures, sectoral support, and initiatives to boost domestic and foreign investment.
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