Sensex Surges 900 Points from Day's Low: 4 Key Reasons Behind Market Rally

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CNBC Awaaz•02-02-2026, 14:07
Sensex Surges 900 Points from Day's Low: 4 Key Reasons Behind Market Rally
- •Indian stock market, Sensex and Nifty 50, recovered significantly on Monday after a sharp sell-off post-Union Budget 2026-27.
- •Sensex climbed nearly 900 points from its day's low, while Nifty approached 24,950, driven by afternoon value buying.
- •Key factors for the rally include value buying after the budget-day fall, a 4.14% drop in Brent crude prices to $66.45 per barrel, and growth-focused announcements in Budget 2026-27.
- •The strengthening of the rupee by 37 paise against the dollar to 91.56 also contributed to the positive market sentiment.
- •Top gainers included Tata Motors Passenger Vehicles, Adani Ports and Special Economic Zone, and Asian Paints, while Shriram Finance and Max Healthcare Institute were among the losers.
Why It Matters: The Indian stock market saw a strong recovery driven by value buying, falling crude oil prices, and budget optimism.
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