Closing Bell: Market recovers from Budget blues; Sensex jumps 910 pts, Nifty near 25,100

Indian equity indices ended on strong note in the volatile session on February 2 with Nifty near 25,100. At close, the Sensex was up 943.52 points or 1.17 percent at 81,666.46, and the Nifty was up 262.95 points or 1.06 percent at 25,088.40.

We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

On Monday, the benchmark Nifty index staged a notable intraday recovery after slipping to an early low of 24679. Following the initial weakness, the index steadily advanced throughout the session, ultimately closing near the 25100 mark with a strong gain of 1.06%. On the daily timeframe, Nifty formed a bullish candle accompanied by a lower shadow, highlighting a clear emergence of buying interest at lower levels.

Momentum indicators also reflect early signs of stabilisation. The daily RSI, which had corrected to a low of 30.93, bounced back and is now placed at 39.20, suggesting easing downside pressure and a potential shift toward consolidation or recovery.

Within the Nifty constituents, Power Grid and TMPV emerged as the top outperformers, while Shriram Finance and Axis Bank were the key laggards of the day. Sector-wise, the market breadth remained supportive, with Nifty Oil & Gas, Nifty Auto and Nifty Metal indices leading the gains. In contrast, Nifty IT and Nifty Healthcare ended the session in the red.

The broader market also mirrored the positive sentiment. Both Nifty Midcap 100 and Nifty Smallcap 100 ended with healthy gains. Notably, these indices have been forming candles with long lower shadows for the past two sessions, which indicates that buyers are consistently stepping in at lower levels, reinforcing confidence among mid and small-cap participants.

Market breadth remained favourable as well. The advance/decline ratio tilted decisively in favour of bulls, with 310 stocks from the Nifty 500 universe closing in positive territory. This broad-based recovery suggests improving sentiment and a possible attempt by the market to stabilise after recent volatility.

Nifty View

Going ahead, for Nifty, the zone of 24930-24900 will act as immediate support for the index. While, on the upside, the zone of 25170-25200 will act as crucial hurdle for the index. Any sustainable move above 25200 will lead to extension of pullback rally up to 25350 level in the short term.

Bank Nifty View

Bank Nifty underperformed the frontline indices on Monday but still managed to close in the green. The 50 day EMA zone at 59000–59100 now acts as the immediate resistance. On the downside, 58100–58000 remains the crucial support zone for the index.

After a sharp fall, the Nifty has seen a strong bounce, which is a normal market reaction. However, the broader trend remains weak. As long as the index stays below the 200-DMA, sentiment is likely to remain negative, and any bounce should be used to exit leveraged long positions or to create short positions.

On the upside, immediate resistance is placed at 25,200, while on the downside, support is seen around 24,900.

Today, the benchmark indices witnessed a promising pullback rally. The Nifty ended 263 points higher, while the Sensex was up by 944 points. Among sectors, the Capital Market Index outperformed, rallying over 3 percent, whereas despite strong momentum, the IT index traded into negative territory, shedding nearly 0.50 percent.

Technically, after an early morning intraday dip, the market took support near 24,700/80400 and bounced back sharply. From the day's lowest point, the market rallied over 400/1300 points. Additionally, on intraday charts, it has formed a promising reversal pattern, and on daily charts, it formed a bullish candle, which supports a further uptrend from the current levels.

We are of the view that now, 25,000/81500 and 24,900/81200 will act as immediate support zones for the bulls. Above these levels, a pullback formation is likely to continue, with the market potentially moving up to 25,250/82200 or the 200-day simple moving average (SMA). Further upside could also push the market toward 25,350/82500.

On the flip side, if the market falls below 24,900/81200, sentiment could change. Below this level, traders may prefer to exit their long positions.

The expectations regarding budget was flat, and it came flat as well, so market is recovering from yesterday level. After the sharp sell off seen post the Union Budget 2026, Indian equity markets witnessed a meaningful rebound as investors reassessed the announcements with a calmer lens. The initial panic largely stemmed from concerns around STT hike and lack of big triggers, but once the dust settled, markets began pricing in the absence of any major negative surprise.

The recovery was supported by improvement in macro signals. The rupee strengthened from record lows, aided by rising forex reserves and RBI’s proactive liquidity management through FX swaps. Lower crude oil prices further eased concerns around inflation.

Sectorally, data centre and AI linked stocks saw strong traction following the Budget’s long term tax holiday for global cloud service providers. This announcement reinforced India’s positioning as a structural digital infrastructure hub, driving selective buying in technology, power and infra adjacencies.

Overall, while the Budget lacked immediate triggers, policy continuity, macro stability and selective growth opportunities are supporting the ongoing recovery.

As the Budget volatility subsides, the Indian rupee and domestic equities have emerged as regional outperformers. A combination of cooling commodity prices, enhanced fiscal control, large forex reserves and suspected corporate dollar selling has provided a tailwind for the local currency.

In the near term, the USDINR spot is likely to consolidate within a tight range, finding support at 91.10 and facing resistance near 91.85.

The market witnessed a smart recovery following yesterday’s volatile session due to the impact of the STT hike on F&O and the government’s higher borrowing plan for FY27. At the same time, the Budget’s policy continuity with a clear emphasis on growth and fiscal prudence has helped reinforce confidence in the medium to long term earnings outlook.

A sharp decline in global crude oil prices has also offered some relief, reflecting signs of easing geopolitical tensions between the US and Iran. Nevertheless, in the near term, market mood is expected to stay cautious due to below estimate Q3 earnings and ongoing global tensions.

Indian rupee ended higher at 91.51 per dollar on Monday versus Friday's close of 91.99.

Indian equity indices ended on strong note in the volatile session on February 2 with Nifty near 25,100.

At close, the Sensex was up 943.52 points or 1.17 percent at 81,666.46, and the Nifty was up 262.95 points or 1.06 percent at 25,088.40. About 1919 shares advanced, 2166 shares declined, and 159 shares unchanged.

Tata Motors Passenger Vehicles, Tata Consumer, Adani Ports, Power Grid, Bharat Electronics were among major gainers on the Nifty, while losers included Shriram Finance, Max Healthcare, Cipla, Axis Bank, Infosys.

On the sectoral front, FMCG, metal, oil & gas, energy, infra, realty jumped 1-2%, while IT index shed 0.5%.

Nifty midcap index rose 1%, while smallcap index added 0.6%.

The Union Budget 2026–27 makes a meaningful move toward addressing one of healthcare’s biggest challenges—the shortage of skilled allied and healthcare professionals. A gap which continues to impact care quality and patient outcomes.

The ₹1,000 crore allocation to upgrade and establish new institutions for allied and healthcare professionals in both the public and private sectors – across 10 selected disciplines, including optometry, radiology, anesthesia, OT technology, applied psychology, and behavioral health, is a step in the right direction.

This reflects a clear shift from expanding infrastructure to investing in the people who deliver care. However, the real impact will depend on how effectively this training turns into job-ready talent. Close collaboration with hospitals, diagnostics players, and care providers will be essential to ensure students gain real-world experience, practical skills, and clear career pathways, so this expanded workforce can be absorbed meaningfully into the healthcare system.

Orient Cement was quoting at Rs 157.25, up Rs 3.75, or 2.44 percent.

It has touched an intraday high of Rs 157.30 and an intraday low of Rs 151.80.

It was trading with volumes of 11,142 shares, compared to its five day average of 14,100 shares, a decrease of -20.98 percent.

In the previous trading session, the share closed down 2.72 percent or Rs 4.30 at Rs 153.50.

The share touched a 52-week high of Rs 362.05 and a 52-week low of Rs 150.50 on 22 April, 2025 and 09 December, 2025, respectively.

Currently, the stock is trading 56.57 percent below its 52-week high and 4.49 percent above its 52-week low.

Market capitalisation stands at Rs 3,230.86 crore.

PB Fintech was quoting at Rs 1,566.55, down Rs 51.45, or 3.18 percent.

It has touched an intraday high of Rs 1,619.00 and an intraday low of Rs 1,549.05.

It was trading with volumes of 48,527 shares, compared to its five day average of 42,510 shares, an increase of 14.16 percent.

Indian rupee is trading higher by 45 paise at 91.54 per dollar versus Friday's close of 91.99.

UPL was quoting at Rs 691.55, up Rs 26.20, or 3.94 percent.

It has touched an intraday high of Rs 696.00 and an intraday low of Rs 665.20.

It was trading with volumes of 120,571 shares, compared to its five day average of 56,135 shares, an increase of 114.79 percent.

Nestle India was quoting at Rs 1,306.00, up Rs 29.40, or 2.30 percent. It has touched an intraday high of Rs 1,310.40 and an intraday low of Rs 1,274.70. It was trading with volumes of 31,369 shares, compared to its five day average of 81,803 shares, a decrease of -61.65 percent.

In the previous trading session, the share closed down 4.12 percent or Rs 54.85 at Rs 1,276.60.

The share touched a 52-week high of Rs 1,339.85 and a 52-week low of Rs 1,057.50 on 30 January, 2026 and 05 March, 2025, respectively. Currently, the stock is trading 2.53 percent below its 52-week high and 23.5 percent above its 52-week low. Market capitalisation stands at Rs 251,837.85 crore.

Mahindra Lifespace Developers was quoting at Rs 389.20, up Rs 23.20, or 6.34 percent.

It has touched an intraday high of Rs 399.50 and an intraday low of Rs 365.20.

It was trading with volumes of 21,496 shares, compared to its five day average of 5,596 shares, an increase of 284.10 percent.

Hyundai Motor India was quoting at Rs 2,175.95, down Rs 7.45, or 0.34 percent.

It has touched an intraday high of Rs 2,189.80 and an intraday low of Rs 2,125.00.

It was trading with volumes of 119,854 shares, compared to its five day average of 61,243 shares, an increase of 95.70 percent.

Bharat Forge, BF Industrial Solutions, a wholly owned subsidiary of the company and J S Auto Cast Foundry India, a step-down wholly owned subsidiary of the company, have entered into Securities Subscription Agreement (SSA) and Shareholders Agreement (SHA) with PI Opportunities Fund I Scheme II (Investor).

Under the terms of the Definitive Transaction Agreements, investor has agreed to subscribe to, and JS Auto has agreed to offer, issue, and allot Equity Shares and Compulsorily Convertible Preference Shares, resulting in the Investor acquiring 23% stake in JS Auto on a fully diluted basis.

Sundaram Finance was quoting at Rs 5,210.75, up Rs 228.50, or 4.59 percent.

It has touched an intraday high of Rs 5,275.50 and an intraday low of Rs 4,920.75.

It was trading with volumes of 2,171 shares, compared to its five day average of 1,634 shares, an increase of 32.88 percent.

Gateway Distriparks  has acquired approximately 25 acres of land in Indore, near the Pithampur Industrial Area, to develop and operate a new Inland Container Depot (ICD).

The proposed ICD has already received In-Principle Approval from Indian Railways, and will be developed with two rail sidings with a planned capacity of handling around 120,000 TEUs (twentyfoot equivalent units) annually. The total investment for the project is estimated at ₹150 crores.

Gateway Distriparks was quoting at Rs 59.12, up Rs 1.40, or 2.43 percent.

It has touched an intraday high of Rs 59.12 and an intraday low of Rs 56.20.

It was trading with volumes of 21,800 shares, compared to its five day average of 30,869 shares, a decrease of -29.38 percent.

The Sensex was up 487.25 points or 0.60 percent at 81,210.19, and the Nifty was up 116.10 points or 0.47 percent at 24,941.55. About 1241 shares advanced, 2599 shares declined, and 128 shares unchanged.

Tata Chemicals was quoting at Rs 725.95, down Rs 17.10, or 2.30 percent.

It has touched an intraday high of Rs 740.80 and an intraday low of Rs 718.00.

It was trading with volumes of 24,372 shares, compared to its five day average of 35,751 shares, a decrease of -31.83 percent.

Force Motors was quoting at Rs 18,543.65, down Rs 258.10, or 1.37 percent.

It has touched an intraday high of Rs 18,888.80 and an intraday low of Rs 18,401.20.

It was trading with volumes of 3,823 shares, compared to its five day average of 24,726 shares, a decrease of -84.54 percent.

Hyundai Motor India, Indus Towers, PB Fintech, Aarti Industries, Akzo Nobel India, Ather Energy, Awfis Space Solutions, Bajaj Housing Finance, Chalet Hotels, City Union Bank, Mahindra Lifespace Developers, Olectra Greentech, PG Electroplast, RailTel Corporation of India, Tata Chemicals, Thermax, UPL, and Utkarsh Small Finance Bank will release their quarterly earnings today.

Saksoft was quoting at Rs 154.80, down Rs 20.15, or 11.52 percent.

It has touched an intraday high of Rs 178.80 and an intraday low of Rs 151.00.

It was trading with volumes of 35,857 shares, compared to its five day average of 8,565 shares, an increase of 318.64 percent.

#1 STT hike equal to near-term sentiment overhang

#2 STT on futures raised to 0.05 percent, options premium & exercise to 0.15 percent effective April 2026

#3 Likely marginal decline in F&O volumes, limited long-term behaviour change

#4 Past STT hikes had muted impact on options turnover

#5 Minimal impact for others like Nuvama

Aurionpro Solutions has been awarded a prestigious data center infrastructure expansion project by IDBI Bank.

Atul Auto was quoting at Rs 412.55, up Rs 18.00, or 4.56 percent.

It has touched an intraday high of Rs 414.15 and an intraday low of Rs 384.00.

It was trading with volumes of 3,461 shares, compared to its five day average of 2,918 shares, an increase of 18.62 percent.

Hyundai Motor India was quoting at Rs 2,162.05, down Rs 21.35, or 0.98 percent.

It has touched an intraday high of Rs 2,185.05 and an intraday low of Rs 2,125.00.

It was trading with volumes of 114,048 shares, compared to its five day average of 61,243 shares, an increase of 86.22 percent.

#1 Tax clarity and compliance easing positive for annuity-focussed developers

#2 Tax Holiday till 2047 for foreign data centre companies supportive

#3 MAT credit restriction a near-term negative

#5 Long-term positives outweigh mid-term MAT impact

Hyundai Motor India, Indus Towers, PB Fintech, Aarti Industries, Akzo Nobel India, Ather Energy, Awfis Space Solutions, Bajaj Housing Finance, Chalet Hotels, City Union Bank, Mahindra Lifespace Developers, Olectra Greentech, PG Electroplast, RailTel Corporation of India, Tata Chemicals, Thermax, UPL, and Utkarsh Small Finance Bank will release their quarterly earnings today.

Indian rupee has extended the morning gain to trade at day's high at 91.52 per dollar versus Friday's close of 91.99.

#1 Industry checks suggest around 5 percent volume impact

#2 5 percent drop in average daily turnover/orders could mean around 4 percent earnings impact for BSE/Groww

Billionbrains Garage Ventures was quoting at Rs 159.25, down Rs 8.75, or 5.21 percent.

It has touched an intraday high of Rs 167.00 and an intraday low of Rs 157.00.

BSE Limited was quoting at Rs 2,631.90, up Rs 53.80, or 2.09 percent.

It has touched an intraday high of Rs 2,694.50 and an intraday low of Rs 2,530.

South West Pinnacle Exploration Limited (SWPE) has got two letters of award from M/s Central Mine Planning and Design Institute Ltd. (CMPDI), a Mini Ratna Public sector

company and subsidiary of Coal India for detailed exploration of Coal in the state of Madhya Pradesh and Maharashtra. The aggregate value of both the LOA’s including GST is Rs 30.45 crores.

South West Pinnacle Exploration was quoting at Rs 197.55, down Rs 2.50, or 1.25 percent.

It has touched an intraday high of Rs 207.50 and an intraday low of Rs 197.55.

It was trading with volumes of 7,280 shares, compared to its five day average of 11,016 shares, a decrease of -33.91 percent.

PSP Projects was quoting at Rs 701.95, down Rs 30.40, or 4.15 percent.

It has touched an intraday high of Rs 726.90 and an intraday low of Rs 696.

It was trading with volumes of 1,063 shares, compared to its five day average of 5,879 shares, a decrease of -81.92 percent.

In the previous trading session, the share closed down 1.98 percent or Rs 14.80 at Rs 732.35.

The share touched a 52-week high of Rs 1,030.80 and a 52-week low of Rs 607.05 on 14 November, 2025 and 19 February, 2025, respectively.

Currently, the stock is trading 31.9 percent below its 52-week high and 15.63 percent above its 52-week low.

Market capitalisation stands at Rs 2,782.66 crore.

Union Budget 2026–27 delivers a capex-led stimulus, supported by system enhancements and policy interventions. Capital expenditure is pegged at ₹12.2 lakh crore, nearly four times higher than 2014 levels, when the BJP-led government came to power.

This signals sustained commitment to infrastructure, job creation, and domestic infrastructure manufacturing competitiveness. For DBL 2.0, with its multi-asset class focus powered by a well-oiled EPC engine, the budget provides strong visibility and confidence in future growth opportunities.

Gold and silver extended ​falls on Monday after CME Group raised margin requirements following a sharp selloff in precious metals last ‌week on U.S. President Donald Trump's nomination of Kevin Warsh to be the next Federal Reserve chair.

Spot gold logged its sharpest one-day drop since 1983 on Friday with a fall of more than 9%, and had lost a further 3.6% to $4,686.51 per ounce by 0504 GMT. U.S. gold futures for April delivery were down 0.8% at $4,707.60 per ounce.

Glenmark Pharma was quoting at Rs 1,844.55, down Rs 94.80, or 4.89 percent.

It has touched an intraday high of Rs 1,960.75 and an intraday low of Rs 1,842.80.

It was trading with volumes of 10,524 shares, compared to its five day average of 13,207 shares, a decrease of -20.32 percent.

In the previous trading session, the share closed down 3.85 percent or Rs 77.55 at Rs 1,939.35.

The share touched a 52-week high of Rs 2,286.15 and a 52-week low of Rs 1,274.70 on 11 July, 2025 and 28 February, 2025, respectively.

Currently, the stock is trading 19.32 percent below its 52-week high and 44.7 percent above its 52-week low.

Market capitalisation stands at Rs 52,053.35 crore.

#1 Strong budgetary push, limited pharma upside

#2 Healthcare allocation +33 percent YoY in FY27

#3 Focus on medical tourism, biopharma, talent pool & infra

#4 Customs duty cuts positive for MNC pharma

#5 Limited benefit for Indian pharma manufacturers

Apollo Pipes was quoting at Rs 258.40, down Rs 4.65, or 1.77 percent.

It has touched an intraday high of Rs 260.30 and an intraday low of Rs 256.00.

It was trading with volumes of 840 shares, compared to its five day average of 7,066 shares, a decrease of -88.11 percent.

The Sensex was up 272.25 points or 0.34 percent at 80,995.19, and the Nifty was up 45.65 points or 0.18 percent at 24,871.10. About 1095 shares advanced, 2563 shares declined, and 157 shares unchanged.

ACC was quoting at Rs 1,611.90, down Rs 10.25, or 0.63 percent.

It has touched a 52-week low of Rs 1,594.50.

It has touched an intraday high of Rs 1,645 and an intraday low of Rs 1,594.50.

It was trading with volumes of 8,190 shares, compared to its five day average of 12,938 shares, a decrease of -36.70 percent.

Agarwal Industrial Corporation has been awarded a prestigious tender by Bharat Petroleum Corporation (BPCL). Under this tender, the company has been awarded the supply of Bulk Bitumen (VG-30 & VG40 Grades) to Kakinada and Mangalore locations, comprising firm quantity for Kakinada: 32,000 MT and firm quantity for Mangalore: 10,800 MT with an estimated value of Rs 166.68 crore and Rs 51.91 crore, respectively.

Agarwal Industrial Corporation was quoting at Rs 722.55, up Rs 3.75, or 0.52 percent.

It has touched an intraday high of Rs 735.00 and an intraday low of Rs 708.75.

It was trading with volumes of 1,087 shares, compared to its five day average of 598 shares, an increase of 81.71 percent.

CAMS  announced that its shareholders have approved the re-appointment of Mr. Anuj Kumar as the Managing Director of the company.

Computer Age Management Services was quoting at Rs 680.80, up Rs 4.55, or 0.67 percent.

It has touched an intraday high of Rs 682.70 and an intraday low of Rs 661.10.

It was trading with volumes of 65,303 shares, compared to its five day average of 17,654 shares, an increase of 269.90 percent.

Janata Sahakari Bank Pune has selected the TCS BaNCS Global Banking Platform to modernize its core and digital banking landscape, enhance efficiencies and provide a superior experience to its customers.

Bajaj Auto was quoting at Rs 9,314.50, down Rs 171.50, or 1.81 percent.

It has touched an intraday high of Rs 9,458.00 and an intraday low of Rs 9,252.00.

It was trading with volumes of 3,832 shares, compared to its five day average of 16,147 shares, a decrease of -76.27 percent.

Hyundai Motor India, Indus Towers, PB Fintech, Aarti Industries, Akzo Nobel India, Ather Energy, Awfis Space Solutions, Bajaj Housing Finance, Chalet Hotels, City Union Bank, Mahindra Lifespace Developers, Olectra Greentech, PG Electroplast, RailTel Corporation of India, Tata Chemicals, Thermax, UPL, and Utkarsh Small Finance Bank will release their quarterly earnings today.

The Sensex was down 120.48 points or 0.15 percent at 80,602.46, and the Nifty was down 75.40 points or 0.30 percent at 24,750.05. About 1121 shares advanced, 2387 shares declined, and 151 shares unchanged.

Coal India was quoting at Rs 415.95, down Rs 3.20, or 0.76 percent.

It has touched an intraday high of Rs 420.60 and an intraday low of Rs 413.90.

It was trading with volumes of 101,237 shares, compared to its five day average of 1,071,280 shares, a decrease of -90.55 percent.

The company has fixed/revised prices of different grades of Manganese Ore and other products, effective from 01.02.2026.

The prices of all Ferro grades of manganese ore with Manganese content of Mn- 44% and above have been increased by 5% for the month of February 2026 on the prices prevailing since 01.01.2026 w.e.f. midnight of 31.01.2026/01.02.2026.

The prices of all other Ferro grades of manganese ore with Manganese content below Mn-44% have been increased by 5% for the month of February, 2026 on the prices prevailing since 01.01.2026 w.e.f. midnight of 31.01.2026/01.02.2026 except BG4584. In case of BG4584, continued the January 2026 price for month of February, 2026 w.e.f. midnight of 31.01.2026/01.02.2026.

MOIL was quoting at Rs 331.30, down Rs 16.95, or 4.87 percent.

It has touched an intraday high of Rs 353.50 and an intraday low of Rs 331.30.

It was trading with volumes of 37,463 shares, compared to its five day average of 92,359 shares, a decrease of -59.44 percent.

#1 Overall Defence Budget up 7 percent YoY at Rs 7.85 lakh crore, ahead of GSe Rs 7.75 lakh crore

#2 FY26 Defence Spend (RE) up 8 percent vs BE, indicating strong execution

#3 FY27 capital procurement (BE) up 18 percent YoY at Rs 2.19 lakh crore vs GSe Rs 1.97 lakh crore

#4 Other equipment like missiles, ammo, radar, electronics up 62 percent YoY to Rs 82,200 crore

#5 Stock implications are direct beneficiaries: Solar Industries, BEL, Bharat Dynamics

#6 Trickle-down plays: Astra Microwave, Data Patterns

#7 Aerospace: BCD exemption positive for PTC Industries, Azad Engineering

VST Tillers Tractors was quoting at Rs 5,568.50, down Rs 38.25, or 0.68 percent.

It has touched an intraday high of Rs 5,650 and an intraday low of Rs 5,560.

In the previous trading session, the share closed up 1.31 percent or Rs 72.75 at Rs 5,606.75.

The share touched a 52-week high of Rs 6,371.15 and a 52-week low of Rs 2,875.00 on 01 January, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 12.6 percent below its 52-week high and 93.69 percent above its 52-week low.

Market capitalisation stands at Rs 4,813.05 crore.

HSBC India January Manufacturing PMI at 55.4 versus 55 in December

Ashok Leyland was quoting at Rs 187.05, down Rs 2.15, or 1.14 percent.

It has touched an intraday high of Rs 191.65 and an intraday low of Rs 186.30.

It was trading with volumes of 235,919 shares, compared to its five day average of 741,221 shares, a decrease of -68.17 percent.

In the previous trading session, the share closed down 3.84 percent or Rs 7.55 at Rs 189.20.

The share touched a 52-week high of Rs 199.20 and a 52-week low of Rs 95.20 on 23 January, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 6.1 percent below its 52-week high and 96.48 percent above its 52-week low.

Market capitalisation stands at Rs 109,870.45 crore.

Godrej Properties has sold homes worth over Rs 2,000 crore in Phase 1 of its project Godrej Trilogy, in Worli, South Mumbai. The project comprises of three towers. In the initial launch phase, homes on select floors within two of the three towers, named Seaturf and Seafront, with a total opened inventory of approximately Rs 3,500 crore, have been brought to market.

TVS Motor Company recorded monthly sales of 511,766 units in January 2026 with a growth of 29% as against 397,623 units in January 2025.

TVS Motor Company was quoting at Rs 3,621.85, up Rs 34.60, or 0.96 percent.

It has touched an intraday high of Rs 3,648 and an intraday low of Rs 3,578.35.

It was trading with volumes of 1,556 shares, compared to its five day average of 25,185 shares, a decrease of -93.82 percent.

In the previous trading session, the share closed down 2.60 percent or Rs 95.75 at Rs 3,587.25.

The share touched a 52-week high of Rs 3,908.95 and a 52-week low of Rs 2,191.30 on 05 January, 2026 and 28 February, 2025, respectively.

Currently, the stock is trading 7.34 percent below its 52-week high and 65.28 percent above its 52-week low.

Market capitalisation stands at Rs 172,069.43 crore.

Lupin today announced a strategic collaboration with TB Alliance, to advance the clinical development and commercialization of the investigational drug Telacebec (formerly known as Q203), for the treatment of multiple mycobacterial diseases including tuberculosis (TB), leprosy, and buruli ulcer.

ICICI Bank was quoting at Rs 1,340.80, up Rs 7.30, or 0.55 percent.

It has touched an intraday high of Rs 1,347.05 and an intraday low of Rs 1,326.25.

It was trading with volumes of 21,829 shares, compared to its five day average of 531,280 shares, a decrease of -95.89 percent.

In the previous trading session, the share closed down 1.59 percent or Rs 21.55 at Rs 1,333.50.

The share touched a 52-week high of Rs 1,494.10 and a 52-week low of Rs 1,200.20 on 31 July, 2025 and 28 February, 2025, respectively.

Currently, the stock is trading 10.26 percent below its 52-week high and 11.71 percent above its 52-week low.

Market capitalisation stands at Rs 959,003.16 crore.

Eicher Motors was quoting at Rs 6,888, up Rs 0.70, or 0.01 percent.

It has touched an intraday high of Rs 6,941 and an intraday low of Rs 6,743.80.

It was trading with volumes of 4,395 shares, compared to its five day average of 13,386 shares, a decrease of -67.17 percent.

The benchmark indices witnessed a volatile trading session. After a roller coaster activity, the Nifty ended 495 points lower, while the Sensex was down by 1546 points. Among sectors, almost all the major sectoral indices were traded in the red, but the Capital Market, Defence, and PSU Banks indices lost the most, shedding over 5 percent

Technically, after a sharp intraday dip in the second half of the day, the market trimmed some losses. From the day's lows, the market bounced back sharply. On daily charts, it has formed a long bearish candle, and it is currently trading below the 200-day SMA (Simple Moving Average), which is largely negative.

We are of the view that the short-term market texture is volatile, and volatility is likely to continue in the near future. Hence, level-based trading would be the ideal strategy for day traders. On the higher side, 25,000/81300 would act as a crucial resistance zone. As long as the market is trading below this level, weak sentiment is likely to prevail.

On the downside, the correction wave is likely to continue till 24650-24600/80100-79900. Further downside may also continue, which could drag the index till 24500-24300/79600-79000. On the flip side, above 25,000/81300, the market could move up to 25,200/81900 or the 200-day SMA.

The Sensex was up 183.14 points or 0.23 percent at 80,906.08, and the Nifty was up 23.90 points or 0.10 percent at 24,849.35. About 1396 shares advanced, 1813 shares declined, and 175 shares unchanged.

Budget FY27 strikes a careful balance between growth support and fiscal discipline. It reinforces macroeconomic stability through a credible path of fiscal consolidation while sustaining a strong public capex push focused on infrastructure, manufacturing and defence. This makes the Budget clearly positive for the economy, as it strengthens medium-term growth drivers, supports domestic manufacturing and enhances India’s competitiveness in services such as IT and digital infrastructure.

However, the market impact is mixed. Higher government borrowings and an increase in derivatives transaction taxes could weigh on bond yields, banks, NBFCs and market-linked businesses in the near term. While measures like buyback tax rationalisation provide some relief, the Budget prioritises long-term economic strength over short-term market sentiment.

In January 2026, Maruti Suzuki India sold a total of 236,963 units, which is its highest ever monthly sales volume. Total sales in the month include domestic sales of 178,300 units, sales to OEM of 7,643 units and exports of 51,020 units. The exports reached an all-time monthly high.

Maruti Suzuki India was quoting at Rs 14,192.60, down Rs 8.10, or 0.06 percent.

It has touched an intraday high of Rs 14,276.40 and an intraday low of Rs 14,113.05.

It was trading with volumes of 2,629 shares, compared to its five day average of 31,847 shares, a decrease of -91.74 percent.

In the previous trading session, the share closed down 2.75 percent or Rs 400.85 at Rs 14,200.70.

The share touched a 52-week high of Rs 17,371.60 and a 52-week low of Rs 11,072.20 on 05 January, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 18.3 percent below its 52-week high and 28.18 percent above its 52-week low.

Market capitalisation stands at Rs 446,219.00 crore.