New Delhi, Feb. 2 -- A wave of risk-off sentiment swept through global financial markets on Monday, pushing stocks, commodities, cryptocurrencies and bonds lower, as investors grappled with a mix of domestic policy concerns and tightening global financial conditions.

Indian stock market remained volatile, with the Sensex and Nifty 50 oscillating between gains and losses, a day after the Union Budget 2026 triggered a sharp selloff following the government's decision to raise Securities Transaction Tax (STT) on futures and options trades. The benchmarks had plunged nearly 2% each on February 1, before stabilising somewhat in Monday's session.

However, the weakness was not limited to equities. Precious metals, crude oil, cryptocurrencies a...