Mumbai, Feb. 1 -- GIFT Nifty:

The Nifty 50 is projected to open on a weak note, following a 97-point decline in the GIFT Nifty January 2025 futures contract.

Today, Finance Minister Nirmala Sitharaman will present her eighth consecutive Union Budget, which is anticipated to contain measures to bolster weakening economic growth and ease the burden on the middle class, who are facing high prices and stagnant wages. The government will also need to maintain fiscal responsibility.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 1,188.99 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,232.22 crore in the Indian equity market on 31 January 2025, provisional data showed. ...