New Delhi, Feb. 3 -- The Indian stock market benchmark indices, Sensex and Nifty 50, declined over a percent each on Monday, weighed down by weak global cues. The Union Budget 2025-2026 failed to impress the domestic equity market, but gave a boost to the consumption stocks.

The benchmark Nifty 50 has corrected over 11% from its record high level, amid sustained selling by foreign institutional investors (FII), concerns over high valuations and weak domestic corporate earnings growth.

After this double-digit correction, analysts believe that the market seems to be less expensive. Additionally, the balanced fiscal approach of the Union Budget 2025-2026, potential repo rate cuts by the Reserve Bank of India (RBI), and attractive large-cap...