India, Feb. 3 -- The stock market closed in the red after trading ended on Monday, February 3, 2025. Oil & Gas, Metals, and FMCG stocks fell the most. The benchmark BSE Sensex closed down in the red by 319.22 points or 0.41%, reaching 77,186.74. The broader NSE Nifty closed 121.10 points down or 0.52% in the red, reaching 23,361.05.

This comes after the Union Budget 2025, the second full budget of Modi 3.0, was presented by finance minister Nirmala Sitharaman in Parliament at 11 am on Saturday, February 1, 2025, marking her eighth consecutive presentation of a Union Budget.

The market was also open that day despite it being a Saturday to give it enough time to react to the budgetary announcements.

Key announcements included major tax r...