The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,810 level, a premium of nearly 35 points from the Nifty futures’ previous close.

The stock market opened flat as trading began on Wednesday. It had rallied right around its previous close. At 9:20 am, the benchmark BSE Sensex was down by 12.50 points or 0.02%, reaching 78,571.31.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,838 level, a premium of nearly 53 points from the Nifty futures’ previous close.

The stock market was trading almost flat early on Thursday, as investors wait for the outcome of the RBI's monetary policy committee (MPC) meeting, which is slated for Friday.

The stock exchanges are open today, February 1, for a special trade session as the Finance Minister Nirmala Sitharaman will table the Union Budget 2025 in Parliament today. Indian benchmark indices Nifty 50 and Sensex ended the previous trade session higher.

For Nifty-50 index 23600 and 23500 would be the key support zones, while 23800 could act as crucial resistance areas for traders. Also below 23500, traders may prefer to exit their long positions, sai

Nifty 50 also faced the wrath of bears with a decline of 243 points to fall below 23,250 levels. Both the benchmarks have tumbled by more than 1% each. The performance comes after the Union Budget announcement where deep tax changes were announced by FM Nirmala Sitharaman.

Markets fluctuated immensely due to the presentation of the Union Budget, showing massive gains initially which slowed down as the Budget was revealed