Sensex jumps 944 points on value-buying in oil, auto, banking stocks

Market Performance - Stock markets rebounded with the BSE Sensex rising by 943.52 points or 1.17% to settle at 81,666.46 after a significant drop on Budget day [3][10] - The NSE Nifty increased by 262.95 points or 1.06% to end at 25,088.40, with a peak of 1,009.31 points during the day [4][5] Sector Performance - Blue-chip stocks in oil & gas, banking, and auto sectors saw value buying, contributing to the market recovery [3][11] - Power Grid surged by 7.61% and Adani Ports climbed by 4.76%, indicating strong performance among key players [4][7] Economic Indicators - A sharp decline in global crude oil prices, with Brent crude dropping 4.88% to USD 65.94 per barrel, provided relief to the markets [12][14] - The Union Budget for 2026-27, amounting to Rs 53.5 lakh crore, aims to boost manufacturing and support agriculture and tourism, reflecting a long-term growth strategy [8][9] Investor Activity - Foreign institutional investors sold equities worth Rs 588.34 crore on Sunday, indicating cautious sentiment in the market [5][12] - Despite the sell-off, the market showed signs of recovery as participants recalibrated positions following the Budget day decline [13]