Thus far in the calendar year 2026, the BSE FMCG index has underperformed the market by falling 7 per cent, as against 4.8 per cent decline in the BSE Sensex.
Despite the past two days decline, the Nifty PSU Bank index has outperformed the market by surging 21%, as against 1% rise in the Nifty 50 in the past five months.
The Data & Analytics industry is positioned for continued robust growth, driven by organizations' increasing recognition of data as a critical competitive advantage.
Budget impact: Sustained capex growth and identification of 7 high-speed rail corridors enhances medium- to long-term order inflows for EPC, railways, power transmission, defence and capital goods cos
EY India analyses the movement of stocks and the reasons behind it
Defence stocks: Data Patterns, GRSE, Paras Defence, BEML, Mazagon Dock and BEL among others crashed up to 19% in Sunday's intra-day trade even as FM proposed 15% higher Budget spends for the sector.
Budget 2026 | Stock Market LIVE Updates on February 1, 2026: FM Sitharaman on Sunday has raised STT on future trades to 0.05 per cent from 0.02 per cent under Budget 2026.
Budget 2026 impact: The Sensex and the Nifty crashed over 3 per cent each from the respective day's high after FM proposed to hike STT on F&O trading. RIL and SBI were the major laggards.
Capital expenditure has been raised to ₹12.2 lakh crore (~9 per cent YoY), reinforcing the infrastructure- and manufacturing-led growth strategy without resorting to populist fiscal slippage
Budget 2026 has proposed a tax holiday till 2047 for IT companies providing cloud services using India-based data centres.
As India emerges as a global hub for data centre expansion, driven by rapid data consumption and adoption of cloud reforms, Anant Raj is well-positioned to capitalise on the emerging opportunities.
STT kike will be a headwind for capital-market-linked stocks. With derivatives volumes already shrinking in recent months, the hike, analysts say, may further their pressure near-term earnings.
The government proposes to increase the securities transaction tax, raising STT on futures from 0.02% to 0.05% and on options premium from 0.1% to 0.15%.
Textile-related stocks rally: Finance Minister Nirmala Sitharaman in Budget 2026 proposed to set-up mega textile parks to focus on value addition in technical textiles.
Budget 2026 impact: Container Corporation rose over 4 per cent after the FM proposed ₹10,000 crore outlay for container manufacturing in the Union Budget.
BSE share price logged the most losses among peers. The stock declined as much as 5.68 per cent
Unimech Aerospace and Manufacturing, Mtar Technologies and Data Patterns rallied in the range of 5 per cent to 6 per cent on the NSE in intra-day trade.
The stock price of SBI hit a new high of ₹1,083.95 on the BSE in Sunday's intra-day trade and has rallied 10% thus far in the calendar year 2026.
Metal stocks slide: Share price of Hindustan Zinc, NALCO, Vedanta and Hindalco Industries were down 8% to 14% on the NSE in intra-day trade on Sunday, Budget day.
One- and three-month performance strong on three occasions when markets fell 3% or more ahead of the Budget