New Delhi, Feb. 2 -- After experiencing one of the worst intraday crashes in the last six years on a budget day, the Indian stock market remained range-bound during Monday's session, February 2, with the Nifty 50 and Sensex trading flat as of 11:30 am.

Investors had hoped the Union Budget would provide a boost to the Indian stock market, as it remained volatile since the start of the year. Instead, a hike in securities transaction tax (STT), record government borrowing plans, and limited measures to attract overseas investors to Asia's third-largest economy spooked sentiment, leaving a 2% dent in the Nifty 50 and an even steeper 2.24% fall in the Sensex.

Yesterday's rout also pushed the Nifty 50 to its lowest level in four months and ma...