Post Budget Market Outlook – 02 February 2026 | Nifty, Bank Nifty, Gold & Silver Analysis
Post Budget Market Outlook – 02 February 2026 | Nifty, Bank Nifty, Gold & Silver
This blog presents a post-budget market outlook for Monday, 02 February 2026, following the presentation of the Union Budget 2026 on 01 February. The analysis covers Nifty 50, Bank Nifty, Gold, and Silver, along with budget-day price behaviour and FII–DII institutional activity. This content is strictly for educational and informational purposes only.
📌 Table of Contents
➜ Union Budget 2026 – Market Reaction Summary
Indian equity markets witnessed sharp intraday volatility on Budget Day (01 February 2026). Initial reactions were mixed as markets responded to fiscal and taxation headlines, followed by stabilisation once policy clarity emerged.
- High volatility during and immediately after the budget speech
- Indices defended key support zones despite selling pressure
- Sector-specific reactions dominated index movement
- Markets now enter a post-budget digestion phase
➜ FII & DII Activity – Budget Day (01 February 2026)
| Category | Buy (₹ Cr) | Sell (₹ Cr) | Net (₹ Cr) | Market View |
|---|---|---|---|---|
| FII | ₹28,000 – ₹30,000 | ₹30,500 – ₹32,500 | ₹(-2,000) to ₹(-4,000) | Cautious due to global & currency cues |
| DII | ₹26,000 – ₹28,500 | ₹23,000 – ₹25,000 | ₹(+2,000) to ₹(+4,000) | Supportive accumulation at lower levels |
➜ Overall Market Sentiment – 02 February 2026
- Sentiment: Cautiously constructive
- Volatility: Elevated but cooling
- Market Phase: Post-budget consolidation
- Participation: Stock & sector specific
➜ Nifty 50 Outlook – 02 February 2026
| Zone | Level | Interpretation |
|---|---|---|
| Major Support | 25,700 – 25,750 | Medium-term structural support |
| Neutral Range | 25,850 – 26,050 | Post-budget consolidation |
| Resistance | 26,200 – 26,350 | Supply / profit-booking zone |
➜ Bank Nifty Outlook – 02 February 2026
| Zone | Level | Interpretation |
|---|---|---|
| Support | 58,300 – 58,500 | Structural base |
| Neutral Range | 58,800 – 59,200 | Consolidation band |
| Resistance | 59,500 – 59,700 | Supply zone |
➜ Gold Outlook – Post Budget
- Support: ₹1,48,000 – ₹1,49,500 per 10g
- Range: ₹1,50,000 – ₹1,52,000
- Resistance: ₹1,53,000 – ₹1,55,000
➜ Silver Outlook – Post Budget
- Support: ₹2,60,000 – ₹2,68,000 per kg
- Range: ₹2,75,000 – ₹2,90,000
- Resistance: ₹2,90,000 – ₹3,00,000
➜ Final Market Perspective – 02 February 2026
Markets are expected to remain in a post-budget consolidation phase. Directional clarity is likely to evolve gradually as institutional flows and global cues stabilise.
Money Bells Research Analyst
Access structured market outlooks, level-based analysis, and educational insights for informed market participants.
Explore Research Platform➜ Disclosure & Disclaimer
This article is published strictly for educational and informational purposes only and does not constitute investment advice or recommendations.
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