The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Monday as markets attempt to stabilise after the previous session’s sharp crash, though volatility is expected to stay high as investors digest the Union Budget 2026 proposals.

Asian markets traded mixed, while the overnight US stock market closed lower and stock futures also slipped.

However, on Sunday, Indian equities tumbled in a special trading session after the Budget announcement proposed an increase in the Securities Transaction Tax (STT) on F&O trading.

Domestic Market Recap

On Sunday, Indian indices closed in the red:

• Sensex crashed by 1,546.84 points (1.88%) to close at 80,72.94
• Nifty 50 moved down by 495.20 points (1.96%) to settle at 24,825.45

Gift Nifty

Gift Nifty was trading near 24,902, around 49 points higher than the previous Nifty futures close, hinting at a positive start for Indian markets.

Overnight Wall Street Performance

The US stock market closed lower on Friday as investors reacted to President Donald Trump’s nomination of former Federal Reserve Governor Kevin Warsh, viewing him as a hawkish pick.

• The Dow Jones Industrial Average slumped by 179.09 points (0.36%) to close at 48,892.47.
• S&P 500 down by 29.98 points (0.43%), ending at 6,939.03.
• The Nasdaq Composite was lower by 223.30 points (0.94%), finishing at 23,461.82.

Gold Prices

• Spot gold was trading 1.5% lower at $4,793.97 per ounce.
• The US gold futures were higher by 1.6% at $4,818.10.

Crude Oil Prices

• Brent crude slumped by 2.7% to $67.48/barrel
• US West Texas Intermediate (WTI) crude was trading 2.8% lower at $63.41/barrel

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