Opening Bell: Sensex and Nifty Open Higher Ahead of Budget 2025

On Saturday, February 1, 2025, ahead of the Union Budget 2025 presentation, the benchmark equity indices opened higher. At the opening bell, BSE Sensex rose by 108.27 points (0.14%) to 77,608.84, while Nifty50 increased by 37.35 points (0.16%) to 23,545.75.

Investors Eye Budget Proposals

Investors are closely watching for key announcements in Budget 2025, which will be presented by Finance Minister Nirmala Sitharaman. This will be her eighth consecutive budget and is expected to focus on the vision of ‘Viksit Bharat’ by 2047, marking the second budget under the third Modi administration.

Economic Growth Target

The Economic Survey 2024-25 highlighted that India needs to achieve an average growth rate of about 8% annually over the next decade or two to meet its aspirations of becoming ‘Viksit Bharat’ by 2047.

Positive Momentum in Markets

Both Sensex and Nifty posted gains for the fourth consecutive day on Friday, with a nearly 3% rebound from 7-month lows. The Nifty50 closed at 23,508, gaining 1.1% on Friday, while the Sensex ended at 77,501, marking a weekly gain of over 1.7%.

Smallcap stocks saw their worst monthly decline in nearly three years as market sentiment remained cautious.

Fiscal Deficit Update

India’s fiscal deficit for April-December stood at ₹9.14 trillion (56.7% of the estimate for FY25), as per the latest government data.

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