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Live: Budget done and dusted, will Nifty stage a rebound today? Paytm, Tata Motors, UPL in focus

Indian market is expected to remain rangebound in the coming sessions until the Nifty 50 takes out the immediate hurdle of 21,850 on the higher side, while the 21,500 is expected to be a support area. If the index manages to decisively surpass 21,850 (the lower end of opening downside gap of January 17), then the rally towards previous record high can't be ruled out in following sessions, experts said. On February 1, the Interim Budget as well as FOMC meet outcome remained non-event for the market and the benchmark indices ended moderately lower amid volatility. The BSE Sensex was down 107 points at 71,645, while the Nifty 50 fell 28 points to 21,697. This morning global cues are strong and GIFT Nifty is hinting at a positive start. Catch Nandita Khemka in conversation with Raja Venkatraman, Co-Founder NeoTrader & Trading Influencer and Raja Venkatraman, Co-Founder NeoTrader & Trading Influencer.

first published: Feb 2, 2024 08:36 am