The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will remain open on February 1 despite it being a Saturday, due to the Union budget presentation.

The Indian stock market is open today as the BSE, NSE and MCX have announced a special trading session on Budget day.

Indian stock markets moved higher during the trading session on Friday, ahead of the Economic Survey, which shall be presented in the parliament later today.

Among the Sensex constituents, Larsen & Toubro gained 4.31% after reporting a 14% increase in consolidated profit after tax to Rs 3,359 crore. Nestle rose 4.25% following its announcement of Rs 688.01 crore net profit for December 2024 quarter.

The trends on Gift Nifty also indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 23,438 level, a premium of nearly 20 points from the Nifty futures’ previous close.

Benchmark indices closed higher for the fourth consecutive session, with BSE Sensex gaining 740 points and Nifty50 finishing above 23,500. The rise is driven by pre-Budget optimism, projected GDP growth,

Vijayakumar said the market will be looking for growth stimulating measures and not market-related taxation reliefs like changes in the capital gains taxation.