Global Market Futures (as of 06:00 AM IST)
US Market (Futures)
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Nasdaq: -0.17%
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Dow Jones: -0.04%
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S&P 500: -0.09%
European (Futures)
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Ftse 100: +0.26%
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Cac 40: -0.12%
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Dax: -0.16%
Asian (Live Markets)
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NIKKEI 225: +1.50%
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KOSPI: -0.98%
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ASX 200: -0.52%
Gift Nifty: 24786.00 (-2.58%)
FII and DII Trading Activity February 1, 2026 in Cash market:
FIIs / FPIs: Net Sell of ₹588.34 crore
DIIs: Net Sell of ₹682.73 crore
Special Trading Session (Budget 2026) Update:
On Sunday, February 1, 2026, Indian markets held a rare special trading session alongside the Union Budget 2026 presentation. Domestic indices were volatile and largely negative, with the BSE Sensex and NSE Nifty50 closing sharply lower as the government’s decision to hike the Securities Transaction Tax (STT) on derivatives spooked investors, dampening sentiment and triggering profit-booking. Benchmarks slipped around 1.9–2%, with broader markets and financials under pressure, while a few IT names outperformed modestly. The sell-off eroded nearly ₹10 lakh crore in market capitalisation amid cautious trading. Overall, investor reaction reflected disappointment over limited foreign investment incentives, elevated trading costs, and muted near-term policy surprises.
Commodity Market Updates:
International commodity markets are trading with mixed momentum in the ongoing session. Gold in the derivatives segment is trading around 4,870, up nearly 2.6%, reflecting sustained safe-haven demand, while spot XAU/USD is marginally lower near 4,849, down about 0.3% so far. Silver is sharply outperforming, trading close to 86.63 with gains of over 10%, supported by strong buying interest. In contrast, copper is under pressure, trading near 5.85, down about 1.2%, indicating cautious sentiment around industrial demand. Energy markets remain weak, with WTI crude trading around 63.7, down over 2.3%, Brent crude near 67.8, lower by about 4.1%, and natural gas sliding sharply to around 3.70, down nearly 15% in the ongoing session.
Key Results Today:
Aarti Industries, Akzo India, Ather Energy, Awfis, Bajaj Housing Finance, Bharat Wire, Campus, Chalet Hotels, City Union Bank, Fabtech, Hyundai Motors, Indus Tower, Mahindra Lifespace, Olectra, PGEL, Policy Bazar, Railtel, SMC Global, Thermax, Tata Chemicals, UPL, Utkarsh Bank, Veedol
Key Corporate Updates:
Positive:
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Titan Company: Shares gained 3.1% intraday amid broad-based buying interest in consumption-linked and discretionary stocks.
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Max Healthcare Institute: Shares rose 2.7% as healthcare stocks benefited from expectations of increased government focus on health infrastructure.
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Paytm: Shares surged ~9.5% driven by strong buying momentum in fintech and digital payment stocks.
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Tata Consultancy Services and Wipro: Shares rose 3.0% and 3.6% intraday respectively as the IT sector outperformed, aided by expectations of stable global demand and currency support.
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Eicher Motors: Reported strong operating momentum with VECV total sales up 24.9% YoY and motorcycle volumes growing 14% YoY in January 2026, reinforcing positive outlook for premium auto demand.
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Ashok Leyland: Reported total vehicle sales of 21,920 units in January, reflecting steady demand in the commercial vehicle segment.
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Mahindra & Mahindra: Management commentary highlighted expectations of positive impact from higher rural development allocations; January performance remained robust with tractor sales of 38,484 units, utility vehicle sales of 63,510 units, and total auto sales of 104,309 units.
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Tata Motors: Passenger vehicle sales reached 71,066 units in January 2026; shares rose up to 3% intraday as investors reacted positively to volume growth.
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Krishival Foods: Shares jumped 9.3% after the government proposed a dedicated programme to support the Indian cashew industry.
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Easy Trip Planners: Shares rallied ~11% intraday amid strong momentum in travel and tourism-related stocks.
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Jeena Sikho Lifecare: Shares rose 6% intraday supported by continued investor interest in wellness and alternative healthcare segments, however gave up all gains at close.
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PNB Gilts, Power Finance Corporation, Shipping Corporation of India, JSW Infrastructure, Container Corporation of India, Delhivery: Stocks gained between 1%-4% on optimism around infrastructure spending, logistics demand, and public sector financing.
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PNC Infratech and Larsen & Toubro: Shares rose 6.6% and 2.6% intraday respectively as infrastructure stocks benefited from expectations of higher capital expenditure.
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Biocon: Shares edged up 0.38% supported by positive sentiment in the pharma and biotech space.
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NIFTY IT Index: Extended gains to close up 0.57%, outperforming the broader market.
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Sectoral - Textiles, EMS and Seafood Exporters: Textile stocks, electronics manufacturing services shares, and seafood exporters gained 2%–6% on expectations of increased export incentives.
Negative:
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India's Nifty 50 Index: Ended the session provisionally down 1.96%, despite paring losses intraday, as markets remained cautious ahead of the federal budget.
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Dixon Technologies (India): Shares declined 2.76% amid profit booking after intraday gains of ~5%.
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Bharat Dynamics: Shares fell 10.1% as defence stocks witnessed volatility during the session.
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National Aluminium Company, Hindustan Zinc, Hindustan Copper: Metal stocks corrected sharply with declines of 8.11%, 9.29%, and 13.11% respectively, tracking weakness in the metal index.
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NIFTY Metal Index: Extended losses through the session, falling as much as 5% amid concerns over global commodity prices and demand outlook.
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HDFC Silver ETF, Nippon India ETF Gold BeES, HDFC Gold ETF: Precious metal ETFs declined sharply (10%–15%) following changes in exchange pricing mechanisms and profit booking.
Neutral / Others:
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REC Limited: Jitendra Srivastava was given additional charge as Director (Finance), while Harsh Baweja ceased to be CFO effective February 1, 2026, reflecting a senior management transition.
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Anlon Technology Solutions: CFO Emmyunual S resigned effective January 31, 2026; the company did not disclose further details.
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Multi Commodity Exchange of India: Shares declined after regulatory changes related to trading price bands were announced.
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BSE: Announced that reference prices for gold and silver ETFs will be based on T-1 NAV, with a +/-20% price band applicable for trading.
Non-Corporate, Unlisted and Foreign / Macro:
1) Ministry of Finance (India) / Revenue Secretary: Securities Transaction Tax (STT) was raised to address systemic risks in derivative markets, with the stated objective of curbing excessive speculation.
2) Moody's Ratings: Commented that India’s Budget is tactical rather than transformational; fiscal consolidation remains limited, borrowing requirements are rising, interest burdens are set to worsen, and fiscal metrics are insufficient to alter the sovereign credit profile.
3) Government of India: GST collections for January 2026 stood at ₹1.93 trillion, indicating stable tax inflows.
4) Geopolitical: Pakistan’s Balochistan Chief Minister reported significant casualties following militant attacks and subsequent security operations in the region.
On-going IPO:
Last Date 3-Feb
C K K Retail Mart Ltd (NSE SME)
Upcoming IPO:
(04-Feb to 06-Feb)
NFP Sampoorna Foods Ltd (NSE SME)
Securities Trading Ex-Dividend on February 2, 2026
Balkrishna Industries Ltd, Bharat Petroleum Corporation Ltd, Gopal Snacks Ltd, LT Foods Ltd, Metro Brands Ltd, Share India Securities Ltd, Siyaram Silk Mills Ltd
Securities Under F&O Ban on February 2, 2026
SAMMAANCAP
Source: WOWNEWS24X7, Moneycontrol, Investing.com
