Mon Feb 02 17:30:00 UTC 2026: ### Indian Stock Markets Surge Amidst Mixed Institutional Activity and Sector-Specific Boosts
The Story:
On Monday, February 1, 2026, the Indian stock markets witnessed a significant surge, with the SENSEX climbing by 943.52 points (1.17%) to close at 81,666.46 and the NIFTY50 rising by 262.95 points (1.06%) to end at 25,088.40. This upward trend was fueled by positive developments in specific sectors and company-specific announcements, despite net selling by both Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs).
Power Grid Corporation of India emerged as a key driver, with its stock closing 7.42% higher following an upward revision of its capex guidance for FY26. UPL also saw a surge after reporting strong Q3FY26 earnings. Anant Raj stocks rallied following the Union Budget 2026 announcement of tax holidays for foreign companies using Indian data centers.
Key Points:
- The SENSEX closed at 81,666.46, up 1.17%.
- The NIFTY50 closed at 25,088.40, up 1.06%.
- Power Grid Corporation of India’s stock rose 7.42% after raising its capex guidance.
- UPL’s stock surged following a 12% YoY revenue growth in Q3FY26.
- FIIs sold stocks worth ₹588.34 crore, while DIIs sold equities worth ₹682.73 crore on a net basis.
- Anant Raj rallied on tax holiday announcement.
Key Takeaways:
- Despite selling pressure from institutional investors, positive corporate announcements and sector-specific boosts can drive market performance.
- Infrastructure-related stocks, like Power Grid, are proving resilient and are critical to the market’s positive trajectory.
- Government policy, such as the tax holiday for data centers, can significantly impact specific stocks and sectors.
- Midcap and smallcap indices also showed gains, indicating broad market participation in the rally.
- Investor sentiment remains cautiously optimistic, balancing the impact of global economic factors with domestic growth drivers.
First Piper 