By Admin 
Stock Market News: After the huge fall on the day of the General Budget, the domestic stock markets made a strong comeback on Monday. Strong buying was seen in the shares of oil and gas, banking and automobile companies, due to which the BSE Sensex closed at 81,666.46 points with a rise of 943.52 points or 1.17 percent. During trading, at one time the Sensex had risen by more than 1,009 points to reach a high of 81,732. Whereas NSE Nifty increased by 262.95 points or 1.06 percent and closed at 25,088.40 points and reached the level of 25,108 during the day.
Why market strength?
The biggest reason behind this rise in the market was the sharp fall in global prices of crude oil. In the international market, Brent crude fell by about 4.88 percent to $ 65.94 per barrel, which brought relief to oil importing economies like India. Power Grid and Adani Ports were the biggest gainers among Sensex companies, while shares of Bharat Electronics, Reliance Industries, Mahindra & Mahindra, L&T, Indigo, ICICI Bank and UltraTech Cement also registered good gains. On the other hand, shares of Axis Bank, Infosys, TCS, Trent and Titan closed with losses.
It is noteworthy that on the day of Union Budget 2026-27, heavy selling was seen in the markets due to the proposal to increase the Securities Transaction Tax (STT). In the special trading session held on Sunday, Sensex fell 1,546 points to close at 80,722 and Nifty fell 495 points to close at 24,825. According to Vinod Nair, Head of Research, Geojit Investments Limited, the increase in STT and higher borrowing plans of the government had increased the volatility in the market, but the policy continuity, clear emphasis on growth and fiscal discipline in the budget have strengthened investor confidence regarding medium and long-term earnings.
Weakness in Asian market
He also said that the sharp fall in crude oil prices and signs of easing geopolitical tension between America and Iran provided additional support to the market. However, foreign institutional investors sold shares worth Rs 588.34 crore on Sunday. Globally, weakness was seen in Asian markets, where South Korea’s Kospi fell by more than five percent, while the markets of Japan, China and Hong Kong also closed with a decline. There was a mixed trend in European markets and American markets closed in loss on Friday.
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