The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,810 level, a premium of nearly 35 points from the Nifty futures’ previous close.

The 30-share BSE benchmark Sensex closed 319.22 points or 0.41 per cent lower at Rs 77,186.74. The NSE Nifty slumped 121.10 points 0r 0.52 per cent to settle at 23,361.05.

The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 23,365 level, a discount of nearly 190 points from the Nifty futures’ previous close.

The stock market opened lower as trading for the week began on Monday, February 3, 2025, the first opening after the presentation of Union Budget 2024 on February 1. Metal, mid and small cap IT & telecom stocks,

BSE Sensex and Nifty50, the Indian equity benchmark indices, tanked in trade on Monday morning. While BSE Sensex went below 77,000, Nifty50 was near 23,250. At 9:20 AM, BSE Sensex was trading at 76,843.

The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 22,932 level, a discount of nearly 180 points from the Nifty futures’ previous close.

On Saturday, the Indian stock market closed flat after the presentation of the Union Budget 2025. The Sensex inched up by 5.39 points, or 0.01%, to settle at 77,505.96, while the Nifty 50 declined 26.