Nifty, Sensex Face Weak Start to Budget Session Amid Global Headwinds
Business
M
Moneycontrol•01-02-2026, 07:40
Nifty, Sensex Face Weak Start to Budget Session Amid Global Headwinds
- •Indian benchmarks Nifty 50 and Sensex are expected to open weak due to poor global cues, persistent FII outflows, and a weak currency.
- •Markets will likely be highly volatile, with significant movements based on Budget announcements regarding fiscal policy, capital expenditure, sector incentives, and the fiscal deficit target (expected 4.3–4.4% of GDP for FY27).
- •Global markets saw declines, with S&P 500, Dow Jones, and Nasdaq Composite all falling, primarily due to pressure on technology shares.
- •A favorable Budget could trigger an upside breakout, while disappointment or profit-booking might pull indices to lower support zones, maintaining a cautious to neutral bias.
- •Despite modest returns from benchmark indices since the last Budget, midcaps outperformed, but smallcaps saw a slight decline, and India underperformed global peers in dollar terms.
Why It Matters: Indian markets face a cautious start to the Budget session, influenced by global weakness and domestic factors.
✦
More like this
Loading more articles...
