Gift Nifty Signals Positive Opening for Sensex and Nifty 50 on Feb 2, 2026

Indian benchmark stock indices Sensex and Nifty 50 are likely to open on a positive note on Monday, recovering slightly after the sharp fall seen in the previous session. However, market volatility is expected to remain high as investors continue to assess the implications of the Union Budget 2026 announcements.

Asian markets traded on a mixed note, while US equities ended lower, with stock futures also pointing to continued caution among investors.

Gift Nifty Today

On Feb 2, 2026, Gift Nifty traded near the 24,902 level, reflecting a premium of around 49 points compared to the previous close of Nifty futures, indicating a likely positive opening for Indian benchmark indices.

Domestic Market Recap

During Sunday’s trading session, Indian markets witnessed a steep decline following the Budget proposal to raise Securities Transaction Tax (STT) on futures and options (F&O) trading. The BSE Sensex plunged 1,546.84 points, or 1.88%, to close at 80,722.94, while the NSE Nifty 50 dropped 495.20 points, or 1.96%, to settle at 24,825.45.

Asian Markets

Asian equities showed mixed performance on Monday ahead of the release of China’s factory activity data. Japan’s Nikkei 225 edged up 0.13%, and the Topix index gained 0.52%. Meanwhile, South Korea’s Kospi fell 2.5%, and the Kosdaq declined sharply by 3%. Futures for Hong Kong’s Hang Seng Index pointed to a weaker start.

US Market Highlights

US markets closed lower on Friday as investors reacted cautiously to President Donald Trump’s nomination of former Federal Reserve Governor Kevin Warsh, viewed as a hawkish candidate.

The Dow Jones Industrial Average fell 179.09 points, or 0.36%, to end at 48,892.47. The S&P 500 declined 29.98 points, or 0.43%, to close at 6,939.03, while the Nasdaq Composite dropped 223.30 points, or 0.94%, to 23,461.82. 

On a weekly basis, the S&P 500 rose 0.3%, while the Dow slipped 0.4% and the Nasdaq declined 0.2%. For the month, the S&P 500 gained 1.4%, the Nasdaq added 0.9%, and the Dow advanced 1.7%.

Japan PMI

Japan’s manufacturing sector expanded at its fastest pace in nearly three and a half years in January. The S&P Global Japan Manufacturing PMI climbed to 51.5 from 50.0 in December, marking its strongest reading since August 2022.

Japanese Bond Yields

Japanese government bonds declined, pushing yields higher. The 20-year JGB yield rose 2.5 basis points to 3.2%, while the five-year yield increased by 2.5 basis points to 1.680%.

Also Read: Best Mutual Funds Launched in India in 2025!

Conclusion

With Gift Nifty indicating a mildly positive start, Indian markets may see some recovery after the Budget-led sell-off, though volatility is likely to persist amid mixed global cues.

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