Stock market clocks strong gains a day after Budget 2026 announcement

A day after the announcement of the Union Budget 2026, the Indian stock market clocked strong gains, snapping its two-day losing run.

At the close, the Sensex was up 943.52 points, or 1.17%, at 81,666.46, while the Nifty gained 262.95 points, or 1.06%, to close at 25,088.40.

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The Nifty Midcap also climbed 1%, and the Nifty Smallcap advanced 0.6%.

The overall market capitalisation of BSE-listed firms rose to more than Rs 455 lakh crore from Rs 450.6 lakh crore.

Among the sectors, almost all indices ended with healthy gains, except for Nifty IT, which fell 0.47%, and Healthcare, which was down by 0.08%.

Nifty Auto was up 2.13%, Oil and Gas up by 2.04%, Metal up by 1.88%, Realty up by 1.61%, and FMCG up by 1.16% clocked strong gains. Nifty Bank rose 0.35%, while the Financial Services index rose by 0.37%.

On the Nifty, around 39 stocks ended higher, with key gainers including Power Grid Corporation of India (up 7.42%), Tata Motors Passenger Vehicles (up 5.61%), and Adani Ports and Special Economic Zone (up 4.28%).

The top losers were Shriram Finance (3.17%), Axis Bank (2.33%), and Max Healthcare Institute (1.82%).

The advance-decline ratio remained in favour of decliners, with over 2,200 stocks falling and over 2,000 advancing on the BSE.

On the BSE, around 76 stocks hit their 52-week highs, while 360 stocks hit their 52-week lows in intraday trade.

Those on the highs included Aether Industries and MTAR Technologies, while those at the lows included ITC, Bajaj Holdings & Investment, Havells India, Max Healthcare Institute, and Trent.

The shares of Larsen & Toubro (L&T) gained more than 3%, while the shares of Power Grid Corporation of India jumped nearly 8%.

Shares of oil marketing companies (OMC) rose in trade, with Hindustan Petroleum Corporation (HPCL) shares gaining nearly 5%, while Bharat Petroleum Corporation (BPCL) and Indian Oil Corporation (IOC) shares also saw sharp gains.