India's equity benchmarks rose on Friday on investor optimism a day ahead of the federal budget, but the Nifty 50 ended January with its longest monthly losing streak in over 23 years, hit by hefty foreign sales and concerns over corporate earnings in a slowing economy.

The Indian stock market is open today as the BSE, NSE and MCX have announced a special trading session on Budget day.

Nifty 50 also faced the wrath of bears with a decline of 243 points to fall below 23,250 levels. Both the benchmarks have tumbled by more than 1% each. The performance comes after the Union Budget announcement where deep tax changes were announced by FM Nirmala Sitharaman.

Trump Tariffs have become a grim reality for the markets, geopolitics and economies globallyUS President Donald Trump announced a 25 per cent tariff on imports from Canada and Mexico and a 10 per cent tariff on Chinese goods.

Indian stock market indices, Sensex and Nifty 50, ended flat amid high volatility today, 1 February 2025, after the Union Budget 2025-2026 was presented in the Parliament.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,028 level, a premium of nearly 50 points from the Nifty futures’ previous close.