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India's benchmarks hold gains as finance minister starts budget speech

India's key stock indexes, the Nifty 50 and the S&P BSE Sensex, experienced modest gains on February 1, 2025, as investors anticipated the Union Budget presentation. The Nifty 50 rose by 0.25% to 21,725.70, while the Sensex increased by 0.22% to 72,156.48. The market was influenced by expectations of fiscal measures and economic policies that could impact various sectors. Sectors like financials, IT, and energy saw gains, with companies such as HDFC Bank, Infosys, and Reliance Industries performing well. However, there was some caution in the market due to global economic uncertainties and the upcoming U.S. Federal Reserve's interest rate decision. Additionally, the market was also reacting to the recent corporate earnings reports and the overall economic outlook for India.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/india/indias-benchmarks-log-modest-gains-ahead-union-budget-2025-02-01/ ]