The benchmark Sensex declined 319 points to end at 77,187, while the Nifty fell 121 points to settle at 23,361. Broader market sentiment remained weak as midcap stocks underperformed, with the Nifty Midcap index slipping 497 points to 52,

The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 23,365 level, a discount of nearly 190 points from the Nifty futures’ previous close.

BSE Sensex and Nifty50, the Indian equity benchmark indices, tanked in trade on Monday morning. While BSE Sensex went below 77,000, Nifty50 was near 23,250. At 9:20 AM, BSE Sensex was trading at 76,843.

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.

Indian markets opened flat ahead of the Union Budget 2025, with Sensex and Nifty struggling for direction while mid- and small-cap stocks outshone

Nifty 50, Sensex and the Nifty Bank indices witnessed a good recovery last week. However, the rise stalled on Saturday as the Union Budget failed to impress the markets. The expected trigger has not come from the Budget for the markets to rise strongly.

During Sitharaman's speech, the Indian benchmarks erased morning gains and fell to the day's low. The Nifty 50 declined 0.81% to 23,318.30, and the Sensex fell 0.64% to 77,006.47.

The Indian stock market fell the day after the budget 2025 was presented by Finance Minister Nirmala Sitharaman in parliament