Although the benchmark indices opened lower, they traded negatively throughout the session and ultimately closed red.

Indian equity benchmarks, Sensex and Nifty50, ended higher a day after they logged their biggest Budget-day fall since February 2020.

At the closing bell, the BSE Sensex closed higher by 944 points (up 1.2%).

Meanwhile, the NSE Nifty closed 263 points higher (up 1%).

Adani Ports, Bharat Elec, Power Grid Corp among the top gainers today

Asian Paints, Infosys, and TCS, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  25,135, higher by 349 points at the time of writing.

The BSE MidCap index ended 0.5% higher, and the BSE SmallCap index ended 0.8% higher.

Baring IT sector and healthcare, all other sectoral indices are trading positively today, with stocks in the power sector and the services sector witnessing buying.

The rupee is trading at Rs 90 against the US$.

Gold prices for the latest contract on MCX are trading 1% lower at Rs 146,250 per gram.

Meanwhile, silver prices were trading 7% lower at Rs 245,154 per 1 kg.

Three reasons why Indian share markets are rising:

#1 Value Buying After Sharp Correction

Markets saw strong buying after a steep fall in the previous session. On February 1, benchmark indices recorded their biggest Budget Day drop in six years. Bargain hunters bought select stocks, encouraged by Budget measures for long-term growth in manufacturing, data centres, agriculture, tourism, and infrastructure spending under the Rs 53.5 lakh crore Budget.

#2 Strengthening rupee

The rupee strengthened by 37 paise to 91.56 against the US dollar on Monday, helping market sentiment. The recovery followed a drop in crude oil prices. Traders noted the Budget reassured investors but cautioned that India's Rs 17.2 lakh crore borrowing plan and a 4.3% fiscal deficit could weigh on sentiment.

#3 Sharp Fall in Crude Oil Prices

Global crude prices fell sharply, with Brent crude down 4.14% to $66.45 per barrel. Lower oil prices ease inflation and improve India's trade balance. This drop provided additional support to equity markets and investor confidence.
 

Atul Auto Rises on Strong Sales

In the news from auto sector, shares of Atul Auto shares came into focus after the company reported its strong monthly sales.

Atul Auto reported strong growth in domestic sales in January, mainly driven by its three-wheeler internal combustion engine segment.

Three-wheeler ICE sales rose 40.8% year-on-year to 2,301 units from 1,634 units in January 2025. Electric vehicle L3 sales increased 3.5% to 537 units, while L5 EV sales declined 53.8% to 104 units. Overall domestic sales grew 23.7% to 2,942 units compared with 2,378 units a year ago.

For the fiscal year-to-date, three-wheeler ICE sales rose 12.3% to 19,888 units, L3 EV sales fell 12.6% to 5,403 units, and L5 EV sales grew 13.5% to 1,288 units.

Total domestic sales stood at 26,579 units, up 6.2% from 25,025 units in the same period last year. Including exports, total sales in January rose 30% to 3,606 units, while combined year-to-date sales for FY26 increased 12.3%.
 

Strong Capex Outlook Lifts Power Grid

Moving on to the news from power sector, shares of Power Grid Corporation came into focus after the company announced that its FY26 capex and capitalisation were on track, and that it is poised to exceed its annual guidance.

The company's total income rose 7% to Rs 125.99 bn compared with Rs 117.43 bn in Q3 FY25.

EBITDA stood at Rs 107.38 bn, reflecting a 6% increase from Rs 100.95 bn in the corresponding quarter.

Power Grid reported an 8% year-on-year increase in profit after tax (PAT) to Rs 41.85 bn, up from Rs 38.62 bn in the same quarter last year.

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