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India and the US have announced a trade deal, reducing reciprocal tariffs to 18% and easing concerns that have impacted Indian markets. This development is expected to trigger a strong opening on Dalal Street, with export-oriented sectors poised to benefit from improved competitiveness and reduced costs.
GIFT Nifty soars nearly 600 points on announcement of India-US trade deal
The surge in GIFT Nifty came following the news that India and the US agreed to a trade deal. Donald Trump, on his Truth Social platform, said that he spoke with Prime Minister Modi about trade and ending the war in Ukraine and that the new deal reduces US tariffs to 18%.
Tata Chemicals Q3 Results: Consolidated net loss widens to Rs 93 crore
Tata Chemicals reported a wider consolidated net loss of Rs 93 crore for the December quarter, impacted by oversupplied soda ash markets and low export prices. Despite these headwinds, the company's standalone performance showed resilience, and it announced the acquisition of Novabay Pte. Limited to bolster its specialty chemicals business.
Utkarsh Small Finance Bank Q3 loss widens to Rs 375 crore
Utkarsh Small Finance Bank reported a significant widening of its net loss to Rs 375 crore in the third quarter, a substantial increase from Rs 168 crore in the previous year. The bank also experienced an operational loss of Rs 44 crore, contrasting with a profit in the prior year.
Chalet Hotels Q3 Results: Net profit up 28% at Rs 124 crore
Chalet Hotels reported a robust third quarter with a 28.5% year-on-year increase in net profit to Rs 124 crore and a 27.1% rise in revenue to Rs 581.6 crore. The company's EBITDA grew by 29% to Rs 272.6 crore, driven by strong traction in key operating metrics and double-digit RevPAR expansion.
Fed chair nominee Warsh may want smaller Fed holdings, but that's not easy to do
Kevin Warsh, tapped to become the next Federal Reserve chair, may want to significantly contract the central bank's multi-trillion-dollar balance sheet, but experts agree that financial realities strongly indicate accomplishing this goal will be difficult and slow, if it can be done at all.
Disney shares slump as fewer international visitors come to its US theme parks
Warner Bros Discovery is likely to hold a shareholder vote on the $82.7 billion deal to sell its streaming and studio assets to Netflix in March, CNBC reported on Monday.
Warner Bros' shareholders likely to hold vote on Netflix deal in March: Report
Warner Bros Discovery is likely to hold a shareholder vote on the $82.7 billion deal to sell its streaming and studio assets to Netflix in March, CNBC reported on Monday.
US manufacturing rebounds in January amid strong order growth
U.S. factory activity grew for the first time in a year in January, with new orders rebounding sharply, but manufacturing is still not out of the woods as import tariffs raised raw material prices and strained supply chains.
Precious metals complex pare losses despite bears hold an upper hand
After losing over 10% in early trade, silver cuts losses to 4%, gold also follows suit trimming losses to 3%
Gokaldas Exports shares fall nearly 5% after 71% drop in Q3 profit
The company estimated a 40 crore hit during the quarter, as US brands turned cautious on inventory amid higher duties and softer demand outlook
G-Sec yields hit one-year high after FY27 borrowing target; rupee recovers on RBI action
The 10-year benchmark G-Sec touched a one-year high of 6.78 per cent before closing at 6.77 per cent, as investors reacted to increased supply expectations
Oracle shares rise as $50 billion raise eases data-center funding fears
Oracle shares gained 2.5% on Monday after Wall Street analysts said the software company's $50 billion fundraising plan allays worries over its ability to finance a massive data-center expansion with OpenAI.
US stocks open lower as commodity rout rattles markets
Wall Street's main indexes opened lower on Monday, as a violent selloff in precious metals unsettled investors at the start of a week packed with corporate earnings and major economic data.
Budget makes leveraged investments turn less attractive
It scraps setting off interest expenditure incurred for earning dividend income or income from units of MFs
Broker body to seek rollback of sharp STT hike, cut in cash market levy
ANMI to make two formal representations to the Finance Minister by Tuesday amid risks of denting derivatives volumes and market liquidity
Nifty surged after the Budget-day slump, led by auto, energy, and metals. Analysts caution broader trend remains weak below 200-DMA, advising cautious trading and selective stock entries.
Government mulls LIC stake sale via FPO in next financial year
Currently holding 96.5% of LIC, the government needs to sell an additional 6.5% to meet the 10% public shareholding mandate by May 2027, after offloading 3.5% via the 2022 IPO
Govt mulls stake sale in LIC via FPO in next financial year
The government is actively considering further reducing its stake in insurance behemoth LIC through a public offering in the next financial year, Financial Services Secretary M Nagaraju said on Monday.
Hyundai Motor India posts steady profit growth as SUV demand rises
Hyundai Motor India reported a 6.3% net profit increase to Rs 1,194.9 crore in Q3FY26, driven by strong SUV sales, rural demand, operational efficiency, and positive effects of GST 2.0 and tax cuts.
Market stability and much-desired value reset for agriculture
The allocation of 1.63 lakh crore to agricultureup 7 per cent over last years revised estimatesreinforces the governments commitment to farm income resilience
Awfis Q3 Results: Profit rises 43% to Rs 21 crore
Real estate firm Awfis Space Solutions Ltd on Monday reported a 43 per cent increase in its consolidated net profit to Rs 21.65 crore in the quarter ended December.
Govt mulling proposal to raise FDI ceiling in public sector banks to 49%: DFS secretary Nagaraju
Department of financial services secretary M Nagaraju said the finance ministry was considering raising the FDI limit in PSBs to 49% and that inter-ministerial consultations were being held on the issue.
Bajaj Life Insurance launches BSE 500 Quality 50 Index Fund
Designed for volatile market conditions, the fund focuses on the quality investment factor, which emphasises profitability, balance-sheet strength and earnings discipline
Temasek, LIC are said to plan share sales in NSEs India IPO
State Bank of India Ltd. and SBI Capital Markets Ltd are expected to participate as sellers in the upcoming IPO, which will involve existing shareholders offering 4-4.5% of the companys equity, according to a private source
Bajaj Housing Q3 Results: PAT jumps 21% YoY to Rs 665 crore, NII rises 15%
Bajaj Housing Finance posted a strong Q3FY26, with net profit rising 21% and NII up 19%. Healthy loan and AUM growth, controlled costs and stable asset quality supported earnings, despite a one-time gratuity-related exceptional charge.
Mixed reactions from agriculture sector on Union Budget 2026-27
The edible oil sector criticised the lack of measures to reduce import dependence, while rice exporters welcomed MSME support, technology interventions, and TReDS procurement reforms
Markets rebound over 1% as investors shrug off budget-day selloff
The rally was led by Power Grid, which surged 7.42% to 270.00, emerging as the top gainer on the Nifty50; However, selling pressure was visible in select financial and healthcare stocks, with Shriram Finance leading the decliners
Ather Energy Q3 Results: Loss narrows as sales rise on festive demand
Indian e-scooter manufacturer Ather Energy posted a narrower quarterly loss on Monday, helped by a jump in sales during the year-end festive period.
US stock futures slide as commodity rout rattles markets
U.S. stock index futures fell on Monday, as a violent selloff in precious metals unsettled investors at the start of a week packed with corporate earnings and major economic data.
Gainers & Losers: Power Grid and Latent View among 5 top movers on Monday
Indian markets rebounded sharply after the Budget-day plunge. Autos, metals and energy led gains, while action was seen in Power Grid, Latent View, Sundaram Finance & others.
Share Market Highlights Feb 2: Benchmarks surge over 1%; Sensex ends at 81,666, Nifty above 25,000
Sensex, Nifty updates on 02 February 2026: Closing bell: Indian equity benchmarks rebounded on Monday after Sundays budget-day slump. The Sensex rose 1.17% to 81,666.46 and Nifty 50 climbed 1.06% to 25,088.4, led by gains in infrastructure stocks and Reliance Industries. The rupee strengthened 0.51% to 91.51 versus the U.S. dollar.
Rupee rises 42 paise to close at 91.51 against US dollar
At the end of the trading session on Monday, the rupee was quoted at 91.51 (provisional) against the greenback, registering a gain of 42 paise from its previous close
Watch out! Promoters reduce stakes in 12 stocks during December quarter
Promoter shareholding declined across 12 Nifty 500 stocks during the December 2025 quarter, according to StockEdge data. While stake reductions may reflect strategic or fundraising decisions, such moves are closely tracked by investors for signals on promoter confidence and alignment with minority shareholders.
Rupee shored up by RBI intervention, swaps cushion liquidity as bonds sell off
The Indian rupee logged its best single-day gain in over a month on Monday, boosted by likely dollar sales by the central bank and modest inflows that dulled the spillover from global market volatility.
Bajaj Finance Q3 Preview: NII, profit seen growing 20% YoY on steady loan demand
Bajaj Finance is expected to post a steady Q3FY26, with brokers forecasting around 21% NII and 20% PAT growth. Strong loan expansion, stable margins, easing credit costs and healthy asset quality should support earnings despite slower growth in some segments.
Defence stocks rebound as budget signals lift sentiment
Brokerage Goldman Sachs struck a constructive tone on the sector, highlighting that the overall defence budget has been raised 7% year-on-year to 7.85 lakh crore, above its estimate of 7.75 lakh crore
FPIs pull out 36,000 cr from equities in January amid global uncertainties
A higher securities transaction tax (STT) proposed in the Union Budget may weigh on overseas investor participation in the near future
Goyal meets National Stock Exchange's CEO Ashish Chauhan
The government expects to collect 73,700 crore through STT in FY27
The rebound came despite proposals to raise transaction taxes on derivatives and the absence of fresh measures aimed at drawing foreign investment. The BSE Sensex rose 943.5 points, or 1.17%, to close at 81,666.46, while the Nifty 50 advanced 261 points, or 1.06%, to 25,088.4.
Power Grid shares surge 7% after PSU power company raises FY26 capex guidance to Rs 32,000 crore
Power Grid shares saw a sharp surge on Monday after the PSU raised its FY26 capex guidance to Rs 32,000 crore and increased capitalisation targets, signalling strong execution visibility. The company posted an 8% YoY rise in Q3 net profit to Rs 4,185 crore, with revenue up 10% and expenses moderating sequentially.
Nithin Kamath warns STT hike may not curb F&O speculation, instead hits trading volumes
Zerodha founder Nithin Kamath criticised the STT hike on equity derivatives, saying it wont curb speculation as most activity is in options. He warned higher taxes could hurt futures volumes, liquidity and price discovery, and suggested suitability norms as a better solution.
US futures, world shares slip as worries over Trump's Fed chief pick and AI weigh on markets
Concerns over potential shifts in monetary policy under Trumps Federal Reserve nominee, coupled with fears of an AI investment bubble, have led to significant declines in global markets, particularly in tech-heavy sectors.
Union Budget 2026: Building confidence, capacity and the next growth chapter
Union Budget 2026 outlines a confident and fiscally disciplined growth roadmap, with emphasis on sunrise sectors, infrastructure, digital capacity and inclusive development. The Budget aims to deepen capital markets, strengthen manufacturing, empower women entrepreneurs and improve urban funding, while maintaining macroeconomic stability and supporting long term, resilient growth.
Bullion bloodbath! Silver prices crumble 41%, gold dips over 25% in 3 days. Time for a turnaround?
Gold and silver prices extended a sharp correction after a speculative, momentum-driven rally, pressured by profit-taking, a stronger dollar, rising US yields and higher global margins. Analysts say the broader trend remains bullish, with current declines seen as consolidation rather than reversal, offering selective accumulation opportunities amid near-term volatility.
SGBs plunge 10% on NSE after Budget 2026 ends capital gains tax exemption from April 1
Sovereign Gold Bond prices plunged on the NSE after the government withdrew capital gains tax exemption for bonds bought in the secondary market. The Budget 2026 move restricts tax-free gains only to original RBI subscribers holding SGBs till maturity, triggering sharp selloffs across multiple bond series and raising concerns among retail investors.
Hyderabad-based Marri Retail files DRHP with Sebi for an IPO
Hyderabad-based Marri Retail has filed its DRHP with Sebi for an IPO comprising a Rs 522-crore fresh issue and a promoter OFS. The company plans to use the proceeds for debt reduction, new store expansion and capex. Marri Retail currently operates 34 stores across four states under multiple apparel and jewellery brands.
European bond yields steady as metals rout grips markets
Safe-haven euro zone government bond yields were steady on Monday as a rout in precious metals gripped markets at the start of a week that will also see an interest rate decision from the European Central Bank. Silver and gold extended last week's declines, sliding around 10% and 6%, respectively, prompting investors to sell other assets like stocks to cover losses.
Higher F&O costs could dent trading activity, but earnings revival to drive markets: Raamdeo Agrawal
Veteran investor Raamdeo Agrawal warns that recent derivatives trading cost hikes may reduce strategy profitability and temporarily impact market liquidity. While the budget is praised, the timing of these increased costs adds to market jitters amid moderating earnings growth and global uncertainties. Agrawal believes strong earnings will ultimately drive market direction.
The best thing about Budget 2026? It left your finances alone
Budget 2026 delivers stability for savers, with no major tax or investment changes to disrupt long-term plans.
FIIs turn bullish: Raise stakes in these 9 smallcap stocks after two quarters of trimming
FIIs reversed their two-quarter selling streak by raising stakes in several beaten-down smallcap stocks, signalling renewed confidence despite sharp one-year declines.
How will the STT hike on F&O trades affect arbitrage and other funds?
While the increase is small in absolute terms, it has material implications for arbitrage funds, which depend on cash-futures spreads to generate returns.
Budget stock picks: SBI Securities select 5 stocks with up to 17% upside. Do you own any?
SBI Securities has identified five stocks that could benefit from the capex focused Union Budget 2026, which raised government spending to Rs 12.2 lakh crore. The brokerage sees upside of up to 17%, driven by infrastructure push, banking growth and global demand trends.
Budgets AI infra push could reshape Indias growth story: Raamdeo Agrawal
Raamdeo Agrawal hails the government's 100% tax holiday for data centres until 2047 as a ransformational policy. This move is expected to significantly boost India's participation in the global AI infrastructure race, leveraging cost advantages.
Sensex rebounds 583 points as markets recover from budget sell-off
TMT Power and Infra led Nifty gainers with a surge of 4.35 per cent to 359.65, followed by Power Grid Corporation which jumped 4.12 per cent to 261.70
From UPI to MSMEs: Why credit is the backbone of Indias economic transformation
India's credit sector plays a vital role in its economic growth, with innovations like UPI facilitating widespread access to low-cost transactions.
Bitcoin below $76,000, Ethereum near $2,200 as $2 billion liquidations hit crypto markets
Bitcoin fell below $76,000 and Ethereum hovered near $2,200 as nearly $2 billion in liquidations triggered a broad crypto selloff. Major altcoins slid sharply, global market cap dropped over 4%, and analysts warned that thin liquidity, ETF outflows and rising macro risks could keep crypto markets volatile.
Income Tax Budget 2026 Live: Budget 2026 made no new changes in income tax slabs, nor did it make any tweak to the new tax regime. However, there have been major tax-related announcements that will affect your pockets. Track for LIVE updates on income tax budget announcements
Gold, silver, Sensex, Nifty all slide: Where should investors park money now?
Gold, silver and equities tumbled together in a rare cross-asset slide, with leveraged unwinding, a stronger dollar and expectations around Kevin Warshs Fed outlook triggering a sharp selloff. Analysts warn against chasing rallies, suggesting disciplined asset allocation as precious metals consolidate and large-cap equities offer relatively steadier opportunities.
India's Union Budget prioritizes continuity amid global uncertainty, with fiscal discipline largely achieved. While borrowing targets raise concerns, the focus shifts to proactive liquidity management to ensure fiscal discipline translates into lower borrowing costs and supports economic growth.
Precious metals complex continue to plunge as silver tumbles over 10% and gold rates fall by 6%
Silver fell by over 10%, gold by 7%, platinum by 8% and palladium by over 7% as Fridays hammering of the metals continued in the global and domestic markets
Bitcoin flirts with lowest price since Trumps return to office
Bitcoin slid to a 10 month low in Asian trading as market sentiment weakened amid broader asset volatility. The cryptocurrency has logged four consecutive monthly declines, its longest losing streak since 2018, with investors rattled by global market turmoil and shifting US monetary policy expectations.
Temasek, LIC to be key sellers in NSEs $2.5 billion IPO
LIC holds a 10.72% stake in NSE and Temasek has about 4.5%, according to data published on the exchanges website
Silver Price Today February 2: Latest Rates in Delhi, Mumbai, Kolkata, Chennai & Bengaluru
1 kg Silver price as reported today, February 2, 2026 across Indian cities
Universal Music India returns to Bollywood, eyes bigger slice of storytelling pie
Universal Music India is returning to Bollywood via strategic partnerships and acquisitions, seeking a stronger role in storytelling across Hindi and regional cinema. It aims to enhance market share and create value in the music and film industries by investing in long-term collaborations.
22, 24 carat Gold prices down across Indian cities on February 2
Gold, silver consolidate after sharp selloff; trade in volatile range
MCX gold futures hover in 1,38,000-1,48,000 range after marking all-time highs near 1,80,779 last week, while MCX silver consolidates near 2,50,000-2,60,000 after touching 4,20,048
Godfrey Phillips India led the losses, falling as much as 6% in early trade to 1,877.30
Budget 2026 ticks all boxes, reasonable opportunity to invest in next 3-4 months: Prashant Jain
Prashant Jain said Union Budget 202627 ticks all the right boxes and offers a reasonable investment opportunity over the next three to four months despite market volatility. He believes large-cap stocks are fairly valued, long-term returns should track nominal GDP growth, and policy stability and fiscal discipline support sustained economic expansion.
NSE IPO: Temasek, LIC said to plan share sales in nearly Rs 23,000 crore issue
Temasek Holdings and Life Insurance Corporation of India are poised to be major sellers in the National Stock Exchange of India's potential $2.5 billion IPO. State Bank of India and SBI Capital Markets are also expected to participate in the offering, which will consist of existing shareholders selling 4% to 4.5% of the company's equity.
IT majors may stick with buybacks despite tax changes, says Sushovan Nayak
Indian IT firms are likely to favor share buybacks over dividends following recent tax reforms. Market expert Sushovan Nayak believes the new rules make buybacks more tax-efficient for both companies and many shareholders. This shift is expected to encourage cash-rich IT giants like Wipro, LTIM, and TCS to continue returning capital to investors through buybacks in the coming period.
Latent View Analytics shares rally 8% after Q3FY26 profit up 19% YoY
Latent View Analytics shares jumped nearly 8% after the company posted a 19% year-on-year rise in Q3FY26 profit and strong revenue growth. Improved margins, new client additions and rising institutional participation supported sentiment, while management reiterated focus on scaling AI and Agentic AI capabilities.
Budget crash? Don't panic. Analysts spot 35 structural stock picks to ride out the storm
Despite a sharp post-Budget market sell-off, brokerages remain bullish on structurally strong themes ranging from defence and infrastructure to data centres, EVs and rare earths. With capital expenditure rising and policy continuity intact, analysts have identified 35 stocks positioned to benefit from Indias long-term growth strategy.
Indias defence stocks enter a volatile phase despite a 22% jump in Budget capex, as valuations run ahead of fundamentals. Brokerages remain bullish on BEL, HAL and Mazagon Dock, citing strong order pipelines and indigenisation tailwinds, but warn that execution risks and lofty expectations could cap near-term upside.
RBI shores up rupee after budget underwhelms investors
India's central bank intervened to strengthen the rupee after the federal budget announcement, which negatively impacted government bonds and equities. While the budget prioritized manufacturing, it lacked the bold reforms investors sought. Analysts predict continued rupee weakness and rising local currency rates due to the budget's conservative approach and a global risk-off sentiment.
India bonds sell off on government's record borrowing plan
Indian bonds experienced a sharp decline following the federal budget, with the 10-year benchmark yield reaching a near-year high. This downturn was driven by record government borrowing plans, dampening investor sentiment. Elevated yields will increase borrowing costs across the economy and complicate the central bank's efforts to support growth.
Warsh at the Fed: Can he balance independence and Trumps expectations?
Trump announced Kevin M. Warsh as his Fed chair pick, influenced by Treasury vetting led by Scott Bessent. Warshs dovish stance contrasts with past hawkish positions, raising questions about his independence and alignment with Trumps rate-cut preferences. Markets watch his approach to interest rates and Fed-Treasury coordination amid political scrutiny.
Trump confident in Fed nominee Warsh despite potential Senate hurdles
President Donald Trump backed Fed chair nominee Kevin Warsh, signalling confidence that he would support lower interest rates. However, the nomination could face delays as Republican Senator Thom Tillis threatens to stall any Fed pick until a Justice Department probe into Jerome Powell concludes, creating fresh uncertainty around the confirmation process.
Budget credible, but lack of FII-friendly measures disappoints markets: Ravi Dharamshi
Indian equity markets reacted negatively to the Union Budget and a hike in securities transaction tax. Market veteran Ravi Dharamshi stated the disappointment arose from the absence of measures to attract foreign capital. He noted that foreign institutional investors have been net sellers for over a year. Dharamshi described the budget as fiscally credible, with well-managed key parameters.
Budget 2026 not headline-grabbing but fiscally prudent and growth-oriented
The Union Budget 2026-27 delivers fiscal prudence without sacrificing growth, keeping deficit consolidation on track while sustaining strong capex. Markets reacted cautiously to the STT hike, but measures on buybacks, PIS liberalisation, bond market development and support for sunrise sectors signal a steady, reform-oriented roadmap focused on long-term competitiveness.
BSE, Angel One, Groww, Nuvama, 360 ONE WAM shares swing after STT hike
Brokerages strike cautious tone on the sector following the sharp hike in STT on futures and options
Crude oil futures fall over 4% as Trump hints at US-Iran talks
Escalating tensions between the two nations in recent days had helped support the price of crude oil
Anant Raj, Netweb Tech, other data centre stocks surge up to 7%. Whats triggering the surge?
Indian data centre stocks rallied as the Union Budget announced a tax holiday until 2047 for foreign cloud service providers, aiming to position India as a global hub. Companies like Anant Raj, Techno Electric, and Netweb Technologies are expected to benefit from increased data centre development and infrastructure demand.
Wall Street braces for major earnings week amid market volatility
U.S. equity markets enter a crucial week as earnings from megacaps, including Alphabet and Amazon, follow Microsofts disappointing results. Investors eye the February 6 jobs report for labour market insights. Strong AI-driven growth, corporate earnings, and Fed policy shape cautious optimism, while gold, silver, and valuations add volatility to markets.
Groww shares slide nearly 5% after Budget raises STT on F&O trades
Billionbrains Garage Ventures, Groww's parent, saw its shares tumble following the Union Budget's hike in Securities Transaction Tax on futures and options. The increased STT rates, impacting derivatives trading, led to a broad sell-off in brokerage and exchange stocks. While potentially equity-positive long-term, the move could cause short-term portfolio rebalancing.
Sensex recovers from opening dip, Nifty hovers near 24,900 after budget sell-off
The market had witnessed a brutal sell-off on February 1, with the Nifty crashing 495 points to close at 24,825 and the Sensex plummeting 1,547 points to settle at 80,723, following the announcement of a sharp hike in STT on derivatives
Budget 2026 signals continuity with reform push, says Nilesh Shah
Nilesh Shah of Kotak MF highlights the Union Budget 2026's focus on continuity, fiscal prudence, and long-term growth drivers. The budget prioritizes reforms and execution, with capital expenditure exceeding net market borrowing for the first time. While STT hikes and SGB taxation pose challenges, increased focus on skilling and manufacturing are seen as positives.
Precious metals are witnessing high volatility, with silver likely to hold support near $65 and gold around $4,440 per troy ounce, says Manoj Kumar Jain of Prithvi Finmart. Prices remain sensitive to dollar fluctuations and geopolitical tensions. On MCX, gold and silver have defined support and resistance levels. Jain advises investors to wait for stability before taking fresh positions.
F&O profits at risk: How much one lot of Nifty futures and options costs after the STT hike
The Union Budget 2026 has increased Securities Transaction Tax (STT) on equity derivatives, impacting futures and options trading costs. STT on Nifty futures has risen from 0.02% to 0.05%, increasing the cost per lot by approximately Rs 500. Options trading also sees a 50% STT hike on premiums, raising concerns about market liquidity and foreign participation.
Following Union Budget 2026, market participants are analyzing its impact. Sundararaman Ramamurthy believes the STT hike will encourage longer-term equity investments and attract foreign funds by strengthening India's manufacturing and infrastructure. The budget's significant capital expenditure projection is seen as a step towards developed India.
