The D-day is here, the Union Budget 2025 for the fiscal year 2025-26 will be presented in the parliament today. The budget will be presented by the union finance minister Nirmala Sitharaman. This would be her record 8th budget. The budget speech is expected to 11:00 AM IST.
The Indian markets as per the exchange notification, will remain open today, on Budget Day.
The indices will have a usual day with pre-market trading running from 9:00 AM to 9:15 AM. Followed by regular Market trading from 9:15 AM to 03:30 PM.
Just hours ahead of the union budget, the Indian markets opened on an optimistic note flat on Saturday. At the time of writing, Sensex was at 77,558.72, up by 58.15 points or 0.08 per cent. The Nifty was at 23,502.75, down by 5.65 points or 0.02 per cent.
Nifty Bank in the morning session was trading low at 49,526.55, down by 60.65 points or 0.12 per cent.
From the Sensex pack, Ultratech, Tech Mahindra and TCS were among the major gainers in the morning session whereas Zomato, NTPC, Bharti Airtel and Kotak Mahindra Bank were among the laggards.
The Indian Rupee opened at 86.40 against the United States Dollar.
Markets on Friday
The stock markets ended the previous day of trade with some major gains, after losses in the earlier weeks. Both the BSE Sensex and the NSE Nifty picked themselves up in green.
The 30-share BSE Sensex closed the day at 77,500.57. The index rose by 0.97 per cent or 740.76 points. Similarly, the NSE Nifty ended in green, increasing by 258.90 points or 1.11 per cent, closing at 23,508.40.
Gainers and Losers
On Friday, L&T and Nestles were one of the biggest gainers at the top of the list with gains of over 4 per cent. IndusInd Bank and Titan also made major gains yesterday.
Amongst laggards, the newly listed ITC Hotels, along with Bharti Airtel and Bajaj Finserv ended the day with losses.
Energy and International Markets
When we look at the international crude oil market, the prices of benchmark avenue has seen an uptick. The U.S. West Texas Intermediate crude (WTI) reached the market of USD 73.81 per barrel, compared to the previous closing of USD 72.73.
Brent crude prices increased to USD 76.50 a barrel, compared to its previous closing of USD 75.89 per barrel.
On Monday both S&P 500 and Nasdaq saw a collective slump in their numbers, meanwhile, Dow Jones Industrial Average also saw an decline in its overall value.
The S&P 500 closed at 6,040.53, shedding 0.50 per cent or 30.64 points. The Dow Jones Industrial Average ended at 44,544.66 with losses amounting to 0.75 per cent or 337.47 points.
Japan’s Nikkei crumbled under pressure, diminishing to 38,053.67 after a gargantuan decline of 2.63 per cent or 1,027.58 points.
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Additionally, the Nasdaq Composite also slumped with marginal losses of 0.28 per cent or 54.31 points to reach 19,627.44.
Some Asian indices closed on Friday and the month of January on relatively stable note. Japan’s Nikkei 225 index closed with a rise of 0.15 per cent to reach 39,572.49.
The TOPIX was in green as well, with a marginal uptick of 0.24 per cent, rising to 2,788.66 points.
Hong Kong’s Hang Seng did not have a different story to tell, as the index rose by 0.14 per cent to climb to 20,225.11 points.
In mainland China, as the fear of Trump’s tariffs grips, the SSE composite dropped in value by 0.062 per cent, to slump to 3,250.60.
South Korea’s KOSPI also dropped in value. The index diminished by a margin of 0.77 per cent to crawl at 2,517.37.
