Markets Log Biggest Budget-Day Fall in 6 Years; Sensex Drops 1,547 Points, Nifty Below 24,900

• Indian equity benchmark indices, BSE Sensex and NSE Nifty, experienced their largest Budget-day decline in six years on Sunday (February 1).
• The Sensex plunged 1,547 points to 80,723, and the Nifty dropped 495 points, settling at 24,825, with 42 Nifty stocks in the red.
• Investor wealth eroded significantly, with BSE-listed companies losing ₹11 lakh crore in market capitalization.
• Banking, midcap, metal, defence, and PSU bank sectors faced heavy selling pressure, with Nifty Metal down 4% and Nifty PSU Bank down 6%.
• Individual stocks like MCX, Angel One, Hindustan Zinc, and Jupiter Wagons saw significant declines following Budget announcements and market trends.

Why It Matters: Indian markets saw their biggest Budget-day fall in six years, with Sensex and Nifty plunging significantly.