Budget 2026 to Dictate Market Direction: Experts Eye Nifty's Crucial Levels
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CNBC Awaaz•31-01-2026, 21:40
Budget 2026 to Dictate Market Direction: Experts Eye Nifty's Crucial Levels
- •The Union Budget 2026 will be presented on Sunday, February 1st, with the stock market remaining open.
- •Market sentiment is cautious ahead of the budget, with Nifty 50 ending a three-session winning streak and closing below 25,350.
- •Frontline indices like Nifty, Nifty Bank, and Nifty IT, along with Reliance Industries, are trading significantly below their peaks.
- •Broader market indices, including Midcap, Nifty Next 50, and Smallcap, have also seen declines from their highs.
- •Experts Nagaraj Shetty (HDFC Securities) and Sudeep Shah (SBI Securities) highlight 25,450-25,500 as a critical resistance level for Nifty, with budget proposals acting as a decisive trigger.
Why It Matters: The upcoming Union Budget 2026 is expected to be the primary driver for the stock market's future direction.
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