Sensex Surges 900 Points, Nifty Jumps 260: What Fueled Monday's Market Rally?
Share Market
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CNBC Awaaz•02-02-2026, 15:45
Sensex Surges 900 Points, Nifty Jumps 260: What Fueled Monday's Market Rally?
- •Indian stock market saw a strong recovery on Monday, with Sensex closing 944 points higher at 81,667 and Nifty gaining 263 points to 25,088.
- •The rally was primarily driven by value buying after a previous sharp decline, allowing investors to acquire stocks at attractive prices.
- •A significant drop in Brent crude oil prices by 4.14% to $66.45 per barrel provided relief for India, an oil-importing nation, easing inflationary pressures.
- •Positive signals from the Union Budget 2026-27, including emphasis on manufacturing, long-term tax incentives, and fiscal consolidation, boosted investor confidence.
- •The Indian rupee strengthened by 37 paise against the dollar, closing at 91.56, further supported by falling crude oil prices and budget confidence.
Why It Matters: Value buying, falling crude oil prices, and positive budget signals propelled a strong market rally.
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