Nifty Outlook: Budget Day Impact on Nifty, Experts Predict Volatility
Business
M
Moneycontrol•31-01-2026, 17:12
Nifty Outlook: Budget Day Impact on Nifty, Experts Predict Volatility
- •Nifty 50 ended a three-session winning streak, closing below 25,350 amid profit booking and caution ahead of the Union Budget 2026.
- •Friday saw a volatile session with Nifty opening gap-down, recovering slightly, and closing at 25,320, down 98 points.
- •Metal stocks like Hindalco, Tata Steel, and Coal India dragged the index due to a sharp decline in global commodity prices, with the Nifty Metal index falling over 5%.
- •Global markets, including Wall Street and commodity markets, experienced significant declines; silver saw its biggest single-day fall ever.
- •Experts anticipate the Budget 2026 to provide Nifty with a clear direction; key resistance is at 25,450-25,500, with support at 25,200.
Why It Matters: Nifty faces pre-Budget caution and global commodity market volatility; experts await Budget 2026 for market direction.
✦
More like this
Loading more articles...
