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Markets volatile on Feb 2 amid Budget impact and STT hike

Sensex and Nifty remained volatile as Budget and STT concerns weighed.
Indian equity markets traded volatile on February 2 as the investors assessed the Union Budget and a hike in securities transaction tax on derivatives. Sensex and Nifty swung between gains and losses amid mixed global cues. Traders tracked Q3 earnings, GIFT Nifty signals, and sectoral moves while cautious sentiment prevailed due to higher trading costs and uncertainty around near term market direction.