Indian Equity Markets Open Lower Following Federal Budget Omissions
Indian benchmark indices traded lower on Feb 2 after the federal budget failed to provide tax relaxations. Market sentiment remained weak following a rise in bond yields.
Insights:
Equity markets in India 
INcontinued their downward trajectory on Monday as benchmark indices opened in the red following a period of heightened volatility. On Feb 2, the Nifty 50 was 24,796.5, down 0.12% as of 9:15 a.m. IST, while the BSE Sensex was 80,555.68, down 0.21% as of 9:15 a.m. IST. This early weakness reflected ongoing investor caution following a significant broad-based sell-off during a special budget-day trading session held over the weekend.
INcontinued their downward trajectory on Monday as benchmark indices opened in the red following a period of heightened volatility. On Feb 2, the Nifty 50 was 24,796.5, down 0.12% as of 9:15 a.m. IST, while the BSE Sensex was 80,555.68, down 0.21% as of 9:15 a.m. IST. This early weakness reflected ongoing investor caution following a significant broad-based sell-off during a special budget-day trading session held over the weekend.
