Stock Market Opens Higher Ahead of Economic Survey and Union Budget 2025
"Stock market opens higher as investors await the Economic Survey and Union Budget 2025. Sensex and Nifty extend gains amid volatility, with key sectors in focus. Stay updated on market trends."
Mumbai: The Indian stock market opened on a positive note on Friday as investors anticipated key economic insights from the Economic Survey 2024-25 and the Union Budget 2025-26.
Both Sensex and Nifty showed early gains, reflecting market optimism and investor confidence in upcoming policy announcements.
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Stock Market Performance in Early Trade
As of 9:31 a.m., the BSE Sensex was up by 184 points or 0.24%, trading at 76,935, while the NSE Nifty gained 74 points, rising 0.32% to 23,323. The indices have been on a three-day winning streak, despite persistent selling by foreign institutional investors (FIIs).
Among the top gainers on the Nifty 50 index were Larsen & Toubro, Infosys, Titan, Tata Consumer Products, and Maruti Suzuki India, while Bharti Airtel, ICICI Bank, HDFC Bank, NTPC, and Coal India were among the biggest losers in early trade.
Sector-wise, market sentiment was mixed. Six sectors advanced, while six sectors declined out of the 12 NSE sectors. The NSE Nifty IT sector emerged as the top performer, while the NSE Nifty Metal sector saw the most significant decline.
The BSE Midcap and Smallcap indices also showed strength, gaining 0.31% and 0.295%, respectively.
Market Expectations and Sectoral Focus
With the Union Budget set to be unveiled on February 1, market analysts expect increased volatility. Sectors that are likely to benefit from budgetary allocations include:
- Railways
- Infrastructure
- Fertilizers
- Textiles
- Electric Vehicles (EVs)
According to Akshay Chinchalkar, Head of Research at Axis Securities, Thursday’s trading session was marked by volatility, with an afternoon slump followed by a late recovery. He also noted a crucial technical pattern: “The December close was 23,644, and if Nifty fails to close above this level today, it will be the first time since September 2001 that the index has fallen for four consecutive months.”
FII and DII Activity
On January 30, FIIs continued their selling spree, offloading equities worth Rs 4,582.95 crore, while domestic institutional investors (DIIs) remained net buyers, purchasing Rs 2,165.89 crore worth of equities.
Trading Strategies Amid Market Volatility
Market experts advise caution ahead of the Union Budget. Hardik Matalia of Choice Broking suggests that traders should:
- Implement strict stop-loss strategies
- Avoid carrying overnight positions
- Stay cautious amid expected high volatility
Economic Survey and Union Budget: Key Insights
The Economic Survey 2024-25, prepared under the guidance of Chief Economic Advisor V. Anantha Nageswaran, will provide a detailed analysis of India’s economic performance over the past year, as well as future projections. The survey will offer crucial insights into:
- GDP growth projections
- Inflation trends
- Fiscal deficit targets
- Sector-wise economic outlook
The Economic Survey will be tabled in Lok Sabha at 12:00 p.m. and in Rajya Sabha at 2:00 p.m. on January 31.
On February 1, Union Finance Minister Nirmala Sitharaman will present the Union Budget 2025-26. This marks her eighth consecutive budget presentation, making her one of the longest-serving finance ministers in India’s history.
