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[hfe_template id='11223'] [ad_1] Brokerage firms offer varied outlooks on major stocks. Morgan Stanley maintains an Underweight stance on LIC Housing Finance and SAIL due to sector challenges. Synopsis Brokerage views on key stocks are mixed, with Morgan Stanley maintaining an Underweight stance on LIC Housing Finance and SAIL due to structural challenges and price sensitivity. Conversely, Goldman Sachs remains bullish on Bajaj Auto, raising its target price on strong domestic demand, exports, and EV traction. Brokerage views on key stocks remain mixed, reflecting sector-specific dynamics and company fundamentals. Morgan Stanley has maintained an Underweight stance on LIC Housing Finance and SAIL, citing structural challenges to loan growth in housing finance and the sensitivity of steel profitability to price movements.LIC Housing Finance posted a margin-led NII beat alongside improving asset quality, though loan growth continues to moderate. At BY ETMarkets.com Feb 01,...

[hfe_template id='11223'] [ad_1] Indian stocks surged higher post 11 AM on Sunday as Finance Minister Nirmala Sitharaman began presenting the federal budget, with investors reacting positively to cues from the speech. Market participants are watching for signals of stepped-up public spending to shore up growth and measures to cushion export-oriented industries facing pressure from U.S. tariffs. The BSE Sensex gained 415 points, or 0.5%, to 82,684.91 after 11 AM, while the NSE Nifty 50 added 116 points, or 0.46%, to 25,436.65. Expert Views Investors don’t have expectations of any major tax reliefs in this Budget since the 2025 Budget delivered huge income tax reliefs, said Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments, adding that some tweaking of certain taxes is likely and if there is an increase in exemption for long-term capital gains tax from Rs 1.25 lakhs presently to a higher limit that would be a positive. "From the market perspective,...

[hfe_template id='11223'] [ad_1] Gold and silver continued their sharp selloff on MCX, with futures sliding 6% at the open on February 1, dragging gold ETFs down by as much as 16% in early Friday trade. Gold futures for April delivery slid 6%—down Rs 9,140 per 10 grams—to open at Rs 1,43,205, extending a sharp three-session decline of almost Rs 50,000 per 10 grams (26%) from the recent record high of Rs 1,93,096. Profit-taking and a strengthening US dollar emerged as the key drivers behind the sharp correction. Baroda BNP Paribas Gold ETF, Edelweiss Gold ETF, and Motilal Oswal Gold ETFs fell upto 16% on the budget day. LIC MF Silver ETF went down by 15% in the same time period. Ponmudi R, CEO of Enrich Money, a SEBI-registered online trading and wealthtech firm said that near-term caution is warranted due to dollar strength and volatility, but medium-to-long-term forecasts stay firmly bullish. Live Events On Friday, silver plunged as much as 27% (Rs 1,07,968), marking it...

[hfe_template id='11223'] [ad_1] State-run Bank of Baroda on Friday reported a 4.39 per cent increase in consolidated net profit for the December quarter at Rs 5,443 crore, helped by lower provisions as net interest margin compression held back core income growth. On a standalone basis, its net profit grew to Rs 5,055 crore as against Rs 4,837 crore in the year-ago period. The core net interest income grew by just 0.1 per cent to Rs 11,800 crore despite a nearly 15 per cent growth in advances, as a 0.25 per cent compression in the net interest margin at 2.79 per cent held back the number. The bank's managing director and chief executive, Debadatta Chand, told reporters that the bank will likely achieve the upper-end of the 11-13 per cent loan growth guidance for FY26 and may also exceed it, and is aiming to widen the Net Interest Margin (NIM) to 2.90 per cent by the fourth quarter of this fiscal year. The non-interest income grew 6 per cent to Rs 3,600 crore during t...

[hfe_template id='11223'] [ad_1] India's equity indices fell nearly half a per cent Friday and ended the month 3.1% lower, logging its worst January performance since 2016. Analysts said that traders unwound bets ahead of the Budget on February 1, but the index is expected to inch higher toward 25,500-26,200 in the near term. The NSE Nifty finished at 25,320.65, closing 98.25 or 0.4% lower. The BSE Sensex ended at 82,269.78, down 0.4% or 296.59 points. Both indices rose around 1% during the truncated trading week. "The fall on Friday was largely due to the volatility ahead of the Budget on Sunday, but nothing extraordinary is expected in the budget since there has already been a central bank infusion of liquidity and GST rationalisation," said Bhavik Joshi, business head at INVasset PMS. Joshi said the India-US trade deal could be a bigger event for the markets. "Foreign inflows are required for the markets to regain momentum," he said. Foreign po...

[hfe_template id='11223'] [ad_1] Europe's main share ⁠index ended higher on Friday, marking its longest monthly winning streak since 2021 as investors digested corporate earnings and news that U.S.-President Donald Trump nominated an ex-Federal Reserve policymaker to the central bank's top post. The index ended 0.6% higher at ‌611 points and ‌was set to end January with a 3% gain - its seventh consecutive monthly advance. Banks gained 1.7% and led sectoral gains, with Caixabank adding 6.7% after ‌the Spanish lender said it expects lending income and profits to rise this year and the next. Spain's financials-heavy index led gains among Europe's biggest markets with a 1.7% advance. Investors were also relieved that former Fed Governor Kevin Warsh was nominated to head the U.S. central bank when Jerome Powell's leadership term ends in May. Warsh's perspectives will be scrutinized in the days to come, at a time when the White House has pushed for lo...

[hfe_template id='11223'] [ad_1] As Finance Minister Nirmala Sitharaman prepares to present the Union Budget, market expectations are muted. Unlike past years when Budget Day often acted as a strong directional trigger for stocks, analysts across brokerages are largely aligned in one view that the Budget is likely to be a low-impact event for equities. That assessment comes at a moment when markets have already turned cautious, with the Nifty down over 2% in January and about 1.5% in the fortnight leading up to the Budget. The subdued expectations reflect a broader shift in how markets view the Budget's role. Even over the past few years, Budget Day has been a non-event for the domestic stock markets. Data from the last 15 years suggests the Nifty's average Budget Day move is a negligible 0.19%, while the week after the event has delivered returns seven times larger. According to Arunagiri of Trustline Holdings, much of what drives equity markets today lies outsi...

[hfe_template id='11223'] [ad_1] Indian stock exchanges NSE and BSE will remain open for trading on Sunday, February 1, as Finance Minister Nirmala Sitharaman presents the Union Budget 2026, marking a rare trading session on a weekend. Both exchanges will conduct a full-fledged live trading session, allowing investors to react to Budget announcements in real time. This will be the third full Budget of the Modi 3.0 government and Sitharaman's ninth consecutive Union Budget. The equity markets will follow standard timings on Budget day. The pre-open session will take place between 9 am and 9:08 am, followed by normal market trading from 9:15 am to 3:30 pm. Trade modifications will be permitted until 4:15 pm. With markets open during the Budget speech at 11 am, investors are expected to closely track sector-specific announcements and fiscal signals as they unfold. This will be only the second time in Independent India’s history that stock markets are open on a Sunday. M...

[hfe_template id='11223'] [ad_1] With the Union Budget 2026 set to be presented tomorrow, defence stocks have shown resilience, rising as much as 23% in January even as broader markets remained volatile. An analysis shows that a majority of stocks in the Nifty India Defence index have outperformed the benchmark Nifty since Budget 2025. The sector is expected to stay in focus, with stock-specific moves likely to depend on announcements by Finance Minister Nirmala Sitharaman in the upcoming Budget. Budget buzz The Nifty India Defence Index has gained nearly 7% over the past month, buoyed by expectations of key announcements in the Union Budget to be presented on February 1. MTAR Technologies has emerged as the top performer, delivering returns of 24%, followed by Bharat Electronics (BEL) and Solar Industries, which have posted double-digit gains of up to 15%. Stocks such as Mishra Dhatu Nigam, Garden Reach Shipbuilders & Engineers (GRSE), Hindustan Aeronautics (HAL), B...

[hfe_template id='11223'] [ad_1] Shares of the oil-to-metals conglomerate Vedanta Ltd fell as much as 8.3% to Rs 702.40 on the BSE on Friday after the company reported its December-quarter results. While the numbers reflected a sharp recovery in profitability and operating metrics, brokerage commentary turned cautious on valuation, highlighting the uneasy balance between the company’s record-breaking quarterly performance and limited near-term upside for the stock. Motilal Oswal maintained a 'Neutral' rating on the stock, with a target price of Rs 810, implying an upside of about 6% from its current market price. The brokerage said Vedanta’s earnings were broadly in line with expectations, aided by favourable prices, improved volumes and lower costs, but noted that much of the near-term optimism is already reflected in the stock. “VEDL’s 3QFY26 operational performance came largely as expected, supported by better volumes and favorable LME prices,” Motilal Oswal s...

[hfe_template id='11223'] [ad_1] The shares of South Indian Bank fell by nearly 19% to the day’s low of Rs 36.01 on Friday following the news that its Managing Director and CEO, P R Seshadri, has requested not to offer himself for reappointment. In the board meeting held on January 29, 2026, Seshadri informed the board of directors of the bank that he has decided to pursue activities of his personal interest after completion of his current term. Also Read | Equity and MF share in household savings jumps from 2% to 15%, SIP contribution soar 7x: Economic Survey He will continue in the office of the Managing Director and CEO till the completion of his current term, that is, up to September 30, 2026. Following this announcement by Seshadri, the Board decided to take necessary steps to identify a successor for the position of Managing Director and CEO and further resolved to do the needful to complete the appointment process, including obtaining approval from the Reserve Ban...

[hfe_template id='11223'] [ad_1] Shares of state-owned Hindustan Copper Ltd tanked as much as 10.5% to their day’s low of Rs 679 on the BSE on Friday after investors locked in profits following a strong rally earlier this week that had pushed stock price to fresh record highs of Rs 759 per share. The pace of the rally has been nothing short of extraordinary. In just the last four trading sessions, Hindustan Copper has surged around 40%, marking its strongest start to a calendar year in nearly 9 years. In the last two months, Hindustan Copper shares have doubled investor money, surging 133%. Should you buy this dip? Some experts urge caution at current levels. Sachin Gupta, Vice President – Research at Choice Equity Broking, said the stock has confirmed a multi-year breakout and remains in a strong uptrend, but valuations and near-term risk-reward warrant restraint. After rallying more than 55% in December 2025 and extending gains of over 40% in the January series, the st...

[hfe_template id='11223'] [ad_1] Gold and silver exchange-traded funds (ETFs) plunged as much as 14% on Friday as investors rushed to book profits after precious metals retreated sharply from record highs, raising questions about whether this selloff presents a buying opportunity or signals the end of the historic rally. The crash came after an extraordinary run that saw silver surge 56% in January, on track for its best-ever monthly performance, while gold posted its largest monthly advance since January 1980 with gains exceeding 20% in USD terms. The carnage in numbers Zerodha Silver ETF and SBI Silver ETF crashed 14%, while Nippon India Silver ETF tumbled 14% and Kotak Silver ETF plummeted 12%. Gold ETFs weren't spared either Nippon India Gold ETF fell 10%, ICICI Prudential Gold ETF dropped 6%, and ICICI Prudential Silver ETF declined 7%.The domestic selloff mirrored brutal losses in international markets, where spot silver slipped 5.7% to $109.55 an ounce after h...