Stock Market Live: GIFT Nifty Indicates Muted Open

Hello and welcome to our live coverage of Indian stock markets, where we follow the Sensex and Nifty after the Budget day session and the proposed rise in the Securities Transaction Tax on derivatives.

Early signals were steady. GIFT Nifty, a gauge of Nifty 50's early direction, was little changed at 24,852 as of 6:50 a.m.

Indian shares finished lower on Sunday, Feb. 1, as traders booked profits after the Budget proposal raised the Securities Transaction Tax on futures and options trades. Both benchmark indices dropped nearly 3% at the day's low.