Indian equity markets witnessed sharp volatility on Monday, a day after the presentation of Union Budget 2026. The 30-share BSE Sensex slipped as much as 336 points in early trade but later recovered to trade nearly 0.6% higher, while the Nifty 50 also moved in a wide range before paring losses.
Heavyweights such as Tata Steel, Bajaj Finance, ITC, TCS, Titan and Axis Bank were among the early losers. Stocks in the healthcare space also came under pressure, with Max Healthcare and Cipla falling over 3% and 2% respectively, despite recent biopharma-focused announcements.
MCX gold prices declined sharply, falling nearly 3% to ₹1,43,501 per 10 grams amid profit booking. Meanwhile, the rupee strengthened against the US dollar, gaining up to 37 paise, supported by easing crude oil prices.
On the bond market front, government securities weakened after the Budget proposed a record gross borrowing of ₹17.2 lakh crore for FY27, pushing the 10-year yield to its highest level since mid-January. Investors remain cautious as markets assess the Budget’s broader impact.
Markets Swing After Budget 2026; Sensex, Nifty Volatile, Gold Slides
