Market Cues: Today is a day of big reactions to the budget for the market, will the increase in STT have any impact today – market cues today is a day of big reactions to the budget for the market, will the increase in STT have any impact today

CNBC-Awaaz, Managing Editor, Anuj Singhal

Today is a day of big reaction on the budget for the market. FIIs were not there yesterday and their reaction will be available today. The most decisive level will be yesterday’s lowest level of 24571. If 24571 is broken then the risk of 24,000 will also increase. To regain confidence, it is necessary to close above 25,450. The counter trend rally had failed at 25,450 and there is also 20 DEMA of Nifty. But there is no doubt that the market’s confidence has been shaken by the budget. In such a situation, there is a danger of failure of the recovery of midcap and smallcap.

Market: today’s signals

Today’s biggest signal PCR has fallen to 0.59. Huge fluctuations are being seen in gold and silver. Brent crude also fell significantly by 5%. Global markets are in crisis when Indian markets are already weak. However, one good news amidst all this was the auto sales figures. If anyone can change sentiment, it is auto sales. On the one hand, the sales figures of all the companies have been excellent.

Budget: What’s the verdict?

If we remove the STT factor then the budget was not so bad. Yesterday the entire budget got overshadowed because of STT and my question is what was the need to change STT? If the logic is that 93% traders lose money then stop it. Or give some incentives for making long term investments. The biggest positive of the budget is the promotion of data centers and AI. Budget positive for datacentre investments: There is a 21-year tax holiday. There is a shortage of listed companies here but big money will be made here. Despite all this, this budget will be known only to increase STT. Budget comes every year, only some remain in memories. The last budget will be known for big income tax cuts. This budget will be used to increase STT.

Market: What should be the strategy now?

Understand one thing – we are in a bearish market. Not a complete bear market but a bearish market, there is a slight difference. In this market, the reward on good news is also good, but 70-80% of the shares are in a big decline at the moment. For now you have to stick with relative strength. Till now at least there was a place to hide metal, now there are terrible fluctuations there too. There was a big breakdown in capital market shares also yesterday. Today’s big test will be in money market and PSU bank shares. The auto sector is now back in the fresh entry zone. Auto sales are good and stocks have already fallen. Also, if commodity prices fall, it will be very positive. Apart from this, you can also focus on shares related to data centers.

What to do with gold and silver?

The biggest question of this year is: Has a top been formed in silver? Silver is now 40% below its high but still 2.5x above its low. Any global asset will carry this risk in a parabolic run, but the gold and silver rally was not just speculation. The rally is linked to fundamentals. Buy gold and silver now in decline? Make entry back in pieces in the next 1-2 months.

strategy on nifty

The first support is at 24,650-24,750 (Options Zone). Major support lies at 24,550-24,600 (yesterday’s peak). The first registration was at 25,000-25,100. Major resistance lies at 25,200-25,250 (200 DMA). Wait for the rally to fail and then short. In short trades, place a stop loss at the high of the first hour. Buy only after it remains above Rs 25,000 for at least an hour.

bank nifty strategy

You may not be able to take any trade in Bank Nifty today. The range of Bank Nifty is very large. Basic range will be 58,000-59,000 and big range will be 57,500-59,500.

(Disclaimer: The views expressed on moneycontrol.com are the personal views of the experts. The website or its management is not responsible for it. Money Control advises users that any investment decision Consult a certified expert before taking it.

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Stocks to Buy: Experts advised to buy these 9 stocks after the budget, know the complete details including target – stocks to buy after union budget 2026 experts recommend apollo hospitals mahindra and mahindra biocon l and t tcs zensar syrma sgs with target price and growth outlook

Stocks to Buy: The Union Budget presented on February 1 was overall in line with analysts and market expectations. Finance Minister Nirmala Sitharaman maintained emphasis on financial discipline. The government has increased capital expenditure by 9 percent to Rs 12.2 lakh crore.

This is expected to directly benefit the infrastructure and defense sectors. Along with this, focus has also been placed on employment generation. Funds have also been allocated in the budget for emerging sectors like data centres, artificial intelligence, tourism and MSME.

After the budget, three experts have suggested 9 stocks, which are expected to benefit from the announcement of the budget. Siddharth Khemka, Head of Research, Wealth Management at Motilal Oswal Financial Services has advised to buy these stocks.

Apollo Hospitals Enterprises | Target: Rs 9,015

Apollo Hospitals is expected to benefit from several initiatives of Budget 2026. This includes Regional Medical Tourism Hub, Caregiver Training, Accredited Clinic and Rs 10,000 crore Biopharma Shakti Mission. This is expected to increase the number of international patients, expand the hospital network and support clinical research. The company is working on a plan to add 3,660 beds in the next five years.

Mahindra and Mahindra Target: Rs 4,521

Mahindra and Mahindra may benefit from infrastructure capex of Rs 1 lakh crore, incentives for advanced construction equipment and revival of 200 industrial clusters. Along with this, emphasis on farm mechanization and rural productivity will support demand in tractor, construction equipment and mobility segments. The company targets 8x growth in SUVs and LCVs and 3x growth in the farm segment during FY20-30.

Biocon | Target: Rs 460

Biocon is expected to benefit from the Rs 10,000 crore Biopharma Shakti Mission. This mission focuses on biologics, biosimilars and noncommunicable diseases, which aligns with the company’s diabetes and oncology portfolio. The acquisition of Viatris’ biosimilar business further strengthens Biocon’s global presence. A strong recovery in earnings is expected during FY26-28.

Larsen and Toubro Target: Rs 4,500

L&T may benefit from budgetary support related to advanced infrastructure equipment, three dedicated chemical parks and revitalization of 200 industrial clusters. EPC opportunities will increase in infrastructure, hydrocarbon and defense sectors. Order inflows from the Middle East remain strong, with 10-15 per cent annual growth expected over the next five years. Revenue, EBITDA and PAT in the core EPC business are estimated to grow at 16 per cent, 19 per cent and 22 per cent CAGR, respectively, during FY25-28.

Shrikant Chauhan, Head of Equity Research at Kotak Securities, is advising to buy two stocks of Tata Group.

Indian Hotels | Target: Rs 830

Tata Group’s Indian Hotels Company is one of the largest companies in India’s hospitality sector. Due to its strong presence in the mid to premium segment and good positioning in business and leisure destinations, the company can benefit from favorable demand-supply conditions in the hotel sector.

Tata Consultancy Services | CMP: Rs 3,675

Tata Group’s TCS is positioned to be a core partner for clients across their cloud, data and AI needs. Better focus on mega deals, reducing sales slippage and new AI and M&A strategy are being considered positive signs for the company. Initial results have been encouraging.

Devarsh Vakil, Head of Prime Research at HDFC Securities, has suggested some stocks to investors, which can yield strong returns.

Sai Life Sciences | Target: Rs 1,160

Biopharma Shakti Yojana has been proposed in the budget, under which there is a plan to upgrade 3 new NIPERs and 7 existing institutes. Apart from this, a network of more than 1,000 recognized India clinical trial sites will be created. The Indian CRDMO market is expected to grow at a CAGR of 13-15 percent between 2024 and 2029. Sai Life Sciences is well positioned to take advantage of this growth as an integrated CRDMO. Revenue is expected to grow by 20 per cent and EBITDA and PAT CAGR by 28 per cent and 39 per cent respectively during FY25-28.

Syrma SGS Technology | Target: Rs 920

The government has proposed to increase the outlay of the Electronics Components Manufacturing Scheme to Rs 40,000 crore for FY26-27. Syrma SGS is in a strong position to benefit from the scheme with an order book of Rs 6,400 crore by December 2025. The company expects more than 30 percent annual growth in revenue and EBITDA in FY27.

Zensar Technologies | Target: Rs 830

Union Budget 2026-27 shows a big shift from digital first to intelligence first. Emphasis has been laid on simplifying the tax system for AI, semiconductor and IT sectors. This environment is a good fit for Zensar, which is focusing on AI-based solutions, operational efficiency and multi-sector diversification. The company’s strategic growth aligns with the country’s changing digital and industrial goals.

Budget 2026: Shock to small investors? These 5 budget decisions will have a direct impact on earnings

Disclaimer: The advice or opinions expressed on Moneycontrol.com are the personal views of the expert/brokerage firm. The website or management is not responsible for this. Moneycontrol advises users to always seek the advice of a certified expert before taking any investment decision.

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After FII, now DII has also become a seller! Sold shares worth ₹1300 crore, was the increase in STT the reason? – domestic institutional investors turn sellers after budget 2026 stt hike sparks market volatility and investor concern

Domestic Institutional Investors (DII) were net sellers in the stock market for the second consecutive day on Sunday. DII sold shares worth ₹683 crore in Sunday’s trade. Earlier on Friday also he had sold Rs 601 crore. In this way, the total selling of DII in two days reached about ₹ 1,300 crore.

Earlier last year, DII had bought shares worth a record ₹8 lakh crore. He had been handling the selling of foreign investors for a long time. But now their selling has also increased the concern of investors.

Such a record made for the first time after June 2025

This selloff on Sunday is considered important because for the first time after June 27, 2025, DIIs have become net sellers in two consecutive trading sessions. In contrast, foreign investors have bought shares worth about ₹1,600 crore in the last two trading sessions.

According to exchange data, the average daily purchases of DIIs in the last three months has been around ₹3,800 crore. This makes the current selloff look even more shocking.

What was the reason behind the sale?

This pressure has been seen in the market after the government’s proposal to increase the tax on equity derivatives. This decision weakened the market sentiment.

Generally, DIIs, along with retail investors and high-net-worth individuals (HNIs), have been balancing the selling by foreign portfolio investors (FPIs). But this time he also appeared alert.

Sharp fluctuations in the market due to STT increase

The Budget proposed to increase the Securities Transaction Tax (STT) on equity futures from 0.02% to 0.05%. After this, sharp fluctuations were seen in the market. Nifty 50 fell by about 2%, which is considered to be the biggest fall on the budget day after 2020.

Under this pressure BSE Ltd. Shares fell nearly 8%. At the same time, capital market related companies like Angel One and Nuvama Wealth Management recorded a decline of 7% to 9%.

What is the government’s motive behind increasing STT?

Market experts say that this step has been taken to control the rapidly increasing betting. In recent years, India has become the world’s largest derivatives market in terms of contracts due to heavy participation from retail investors.

According to Vishal Kampani, Vice Chairman and Managing Director, JM Financial, the limited increase in STT on futures and options is aimed at preventing excessive speculation, making the market more stable and promoting participation by long-term retail and institutional investors.

How much additional revenue will the government get?

According to a Finance Ministry official, the government is expected to get additional revenue of about ₹15,000 crore annually from the increased STT on equity futures and options.

Buying and selling situation of investors in 2026

So far in 2026, domestic institutional investors have bought shares worth about ₹68,538 crore. These include mutual funds and insurance companies. In comparison, foreign portfolio investors have sold about ₹30,000 crore so far this year.

It is worth noting that in 2025, foreign investors had already sold shares worth about ₹ 1.7 lakh crore. So despite the recent selloff, DIIs still remain a strong support for the market in the long run.

Budget 2026: Shock to small investors? These 5 budget decisions will have a direct impact on earnings

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The bad phase of the stock market will end! – budget analysis a great budget for the country the worst phase for the market will end watch video to know what more did sushil kedia say

markets

Union Budget: Sushil Kedia said that the worst phase for the markets is probably over, so stay away from taking aggressive short positions everywhere. Despite market fluctuations, he has described the Union Budget as a mature macroeconomic step. He sees buying opportunities in Railways, Defence, Energy and Engineering PSUs.

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Nifty Outlook: 24900 level also broken, now how will be the movement of Nifty on 2nd February? Know from experts – Nifty crashes below 24900 after budget 2026 stt hike what technical experts expect from market on February 2

Nifty Outlook: Tremendous selling was seen in the Indian stock market in the special trading session held for the Union Budget 2026. As soon as Finance Minister Nirmala Sitharaman announced an increase in Securities Transaction Tax (STT) on Futures and Options (F&O) trading by 150%, the market sentiment completely changed. Nifty 50 fell to 24,572 intra-day due to panic selling.

Picture changed in just 90 minutes

There was no significant movement in the market till the budget speech started. But after 11 am the atmosphere deteriorated rapidly. Within just 90 minutes, Nifty fell 869 points from its intra-day high.

There was a slight recovery in the middle session and the index recovered 577 points to reach 25,148, but this relief did not last long. Selling came again and the market again lost more than 400 points.

lowest close in four months

Despite recovering more than 500 points from the day’s low, Nifty 50 ultimately closed at 24,825, down 495 points or 1.96%. This was the lowest close of Nifty in the last four months. Along with this, it is also considered to be the biggest one-day fall after April 7, 2025.

STT increase became the reason for decline

The biggest reason for this sharp selling in the market was the sudden and huge increase in STT on derivatives trading. The government’s objective may have been to reduce retail speculation, but this decision proved to be shocking for the market. Investors started cutting positions rapidly to reduce risks.

Value of ₹11 lakh crore cleared

Due to this selling, about ₹ 11 lakh crore was wiped out from the total market cap of BSE listed companies. Such a huge fall in a single trading session was a big shock for investors.

Which stocks showed strength

Most of the Nifty stocks closed in the red, but Wipro, Max Healthcare and TCS outperformed the market and were among the top gainers. On the other hand, BEL, Hindalco and ONGC were among the biggest falling stocks.

Only IT sector remained green

At the sector level, only Nifty IT index could close with gains. All other sectoral indices remained in decline. The most pressure was seen on PSU bank, metal and oil and gas shares.

A major reason for the fall in PSU bank shares was the increased borrowing targets of the government. This increased concerns about rising bond yields and MTM losses on banks’ bond portfolios.

The decline in midcap and smallcap stocks was sharper than the main index. Nifty Midcap 100 fell by 2.24% and Nifty Smallcap 100 fell by 2.73%.

impact of commodity decline

The pressure on metal stocks increased further when copper futures on MCX fell by more than 5%. Gold and silver also slipped rapidly. There was a decline of more than 5% in gold futures and about 9% in silver.

India lagging behind global markets

In 2025, the Indian stock market still seems to be lagging behind the global markets. Nifty 50 is up by about 10% on annual basis. At the same time, markets like KOSPI of South Korea have shown a rise of 20% to 65%.

Concern about money also

Market experts have also expressed concern about the weakness of the rupee. It is estimated that the rupee may fall further by about 1%. However, due to the currency market being closed on the budget day, its immediate effect was not visible.

Expert opinion on Nifty

HDFC Securities’ Technical Analyst Nandish Shah says that Nifty has clearly broken the consolidation range of 24,900-25,450. With this, the index has gone below both the 200-day SMA and 200-day EMA. This is a sign that a positional downtrend has started once again in the market.

According to Nandish Shah, immediate support for Nifty is seen at the level of 24,571 and 24,337. At the same time, on the upside, the range of 25,000 to 25,150 can become a strong resistance in the short term.

Risk of further decline

Sudeep Shah of SBI Securities says that the zone of 24,700-24,650 will remain an important support for Nifty for the time being. If the index remains below this level, the decline could be sharper.

According to him, if there is continuous weakness below 24,650, Nifty may first slip to 24,500 and then to 24,350. Overall, technical signals are advising caution in the market right now.

STT charge increased, now trading in Nifty futures will be expensive; Know how much the price of 1 lot will increase

Disclaimer: The advice or opinions expressed on Moneycontrol.com are the personal views of the expert/brokerage firm. The website or management is not responsible for this. Moneycontrol advises users to always seek the advice of a certified expert before taking any investment decision.

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This budget announcement brought enthusiasm, Textile Stocks like KPR Mill and Arvind became rockets – budget 2026 stocks kpr mill arvind textile share price rally after finance minister nirmala sitharaman unveils mega textile park plan capital support

Budget 2026 fuels Textile Stocks: Union Finance Minister Nirmala Sitharaman today presented the budget i.e. accounts for the financial year 2027. He made a big announcement to expand the textile sector of the country and make it according to the new era. The effect of this announcement was also visible in the stock market and textile stocks jumped. On the announcement of building a mega textile park, shares of KPR Mill rose by 3.5%, shares of Vardhman Textiles rose by 2.2% and shares of Welspun Living, Page Industries and Arvind rose by 1-3%.

(The story is still being updated)

Disclaimer: The information provided here is being provided for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.

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Budget Day Stocks: These 20 stocks will dance with the budget announcement, you can make good profits by betting on them – budget day stocks bajaj auto avanti feeds vishal mega mishara dhatu nigam saatvik green you can make good profits by betting on them

Budget Day Stocks: Amidst global challenges, today Minister Nirmala Sitharaman will present the budget for the ninth consecutive time. There may be a special focus in the budget on increasing domestic and foreign investment. The market is expecting tax relief to FIIs. There can be focus on Swadeshi. A big increase in defense and government capital expenditure is possible. In the budget, the Finance Minister may also emphasize on modernization of railways. Also, special announcements for AI and data center are expected in the budget. Startups can expand their scope and innovate more. Special announcement for tourism is possible. Drone and aviation sector can get a big gift.

In such a situation, we are telling you 20 such stocks, by creating a position in which you can earn good income on the budget day.

Ashish Chaturvedi’s team

If there was any tax relief in the budget, it was positive for the company. Motorcycle sales are expected to grow by 12–15% in a few months.

The budget is expected to focus on increasing consumption. Middle class can get more money in their hands. The stock has slipped nearly 20% from its high.

The sector remains under pressure due to US tariffs. Relief or support from the government will be a big positive trigger.

Mishara Dhatu Nigam -Green

It is a great combination of both defense and space themes. The company makes special types of special alloys. These alloys are used in missiles, fighter jets and space programs. The focus on such companies has increased under Self-reliant India. Stocks will directly benefit if defense-space budget increases

It is possible to announce PM Surya Ghar Yojana to make it more attractive. By which May see action in Saatvik Green. Government’s focus on green energy is continuously increasing

The company has a strong presence in railway safety related solutions. The government’s increasing focus on railway safety is positive for the company. New announcements or faster rollout related to armor will be directly beneficial. Emphasis was seen on accident prevention and automation in the Railways. If safety capex is increased in the budget, the stock may be affected.

It is the country’s biggest indigenous company manufacturing metro and railway coaches. The government will focus on Make in India, Indigenous manufacturing.

If travel and tourism increases, the demand for luggage will automatically increase. Government’s focus on tourism, airport and connectivity will be supportive.

It is a domestic tech company involved in supercomputers and data centers. The government will focus on AI, HPC, digital infrastructure and support.

Capital Markets is a play that fits the infra theme. The government will focus on increasing financial markets and investment. Sentiment turned positive due to increased activity regarding NSE IPO.

Stock Market Live Update: Sensex-Nifty may see fluctuations before FM’s budget speech

Trading Plan On Budget 2026: Today’s budget will be make or break for the market, understand what will be the positioning of the market before the budget.

(Disclaimer: The views expressed on Moneycontrol.com are the personal views of the experts. The website or its management is not responsible for the same. Money Control advises users to seek the advice of certified experts before taking any investment decision.

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Budget 2026-27: Tax relief will increase the volume of transactions in crypto and digital assets – budget 2026-27 tax rationalization for virtual digital assets will boost crypto volume in india nirmala sitharaman

The Finance Act, 2022 is special for the tax policy framework of India. Through this, cryptocurrency and other digital assets were brought under tax. For taxation purposes, such assets are called Virtual Digital Assets (VDA). Finance Minister Nirmala Sitharaman, in her 2022 budget speech, said that in view of the increasing transactions in digital assets, it has become necessary to introduce a separate tax framework.

According to data presented in Parliament, the value of cryptocurrency transactions in FY25 stood at more than Rs 51,000 crore. This is 41 percent more than a year ago. With this, TDS collection reached Rs 511.8 crore. This indicates that VDA has now become a major segment of the Indian financial market.

Despite this, the rules and regulations regarding VDA are not clear. The tax framework introduced in 2022 is quite strict. Profits from VDA are taxed at a flat rate of 30 percent. No deduction or carry forward of loss is allowed. Due to these strict tax rules and regulatory uncertainty, the trading volume is shifting towards foreign exchanges.

The government has taken several steps to increase compliance and transparency in VDA transactions. Virtual asset service providers have to register themselves with the Financial Intelligence Unit. Also, strict KYC and anti-money laundering rules have to be followed. The reporting rules for VDA transactions were further expanded in the Union Budget 2025.

India has promised to implement the OECD’s crypto-asset reporting framework by 2027. The Finance Ministry is expected to sign the Multilateral Competent Authority Agreement next year. With this, global transparency standards will be implemented from VDA. In such a situation, Union Budget 2026 is a big opportunity to rationalize the tax rules of digital assets. The government may focus on the following issues:

-Review of tax regime

TDS rates on VDA transactions can be reduced. Losses may be allowed to be set-off or carried forward. 30 percent tax on profit can be reduced. This will increase the volume of VDA transactions and increase interest in compliance. Also, investors will not need to use foreign exchanges.

-Category of profit from VDA

Currently, the category of profit from crypto in India has not been decided. This time the picture is not clear whether it will be considered as capital asset or stock-in-trade. Although the tax rates are the same, the income category affects the determination of compliance, disclosure requirements and cost of acquisition. Therefore, it is important to decide whether the profits will be treated as business income or capital gains.

-Determination of Cost of Acquisition

Determining the cost of acquisition is another challenge while calculating gains. Inventories are measured at cost or NRV. The lesser of these applies. There is confusion as to where the VDA is kept in-stock trade/inventory. In such cases, there is a need to clarify the situation for the correct method of valuation.

-Valuation of gifted VDA

Where VDA is received as a gift, the recipient is liable to tax under section 56. However, in the absence of a prescribed FMV valuation mechanism, the position regarding determining the tax liability of such recipients is unclear.

Also read: Union Budget 2026: Old regime taxpayers will get a big gift, deduction limit under section 80C will increase.

-Tax for non-residents

In case of non-residents, if the income is earned in India, then tax on it is made in India. In the case of VDA, the big issue is its status, because intangible assets are generally governed by the rule of residence of the owner for tax purposes in India.

Amit Bablani-Partner, Deloitte India

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Stocks in Focus: Goldman Sachs bought stake in these three companies, will you also bet? – stocks in focus goldman sachs india buys stakes in wework india inox india midwest stocks to watch after q3 fy26

Stocks in Focus: Global investment bank Goldman Sachs India has bought shares of some Indian companies. Despite market volatility, the move shows Goldman Sachs remains confident about companies with strong fundamentals and long-term growth potential.

The market keeps a special eye on such new stake of institutional investors like Goldman Sachs. Because this indicates which sectors and companies are seeing future earning potential.

Let us know that Goldman Sachs India has taken new stake during the December quarter (Q3 FY26).

WeWork India Management Limited is actually the Indian arm of the global WeWork network. The company provides flexible workspace, co-working and collaborative office solutions for startups, large corporates and freelancers.

Goldman Sachs India Limited picked up a new stake of 1.50% in the company in the December 2025 quarter. The total value of this stake was around Rs 117.9 crore, which includes around 20.28 lakh shares.

Shares of WeWork India closed at Rs 568, down 0.53% in the last trading session. The stock has fallen 9.65% in the last 6 months. The market cap of WeWork India is around Rs 7.61 thousand crore.

Inox India Limited deals in cryogenic equipment solutions. The company provides services such as design, engineering, manufacturing and installation for projects related to industrial gas, LNG storage and distribution. It is an important company of Inox Group and has a strong presence in sectors related to energy transition.

Goldman Sachs India Limited picked up a new stake of 2.2% in Inox India in the December 2025 quarter. The total value of this investment was around Rs 212.7 crore and included around 19.58 lakh shares.

Shares of Inox India closed 1.54% higher at Rs 1,117.50 on Friday. The stock has risen 21.93% in the last 1 year. The market cap of the company is around Rs 10.13 thousand crore.

Midwest Limited is a leading company in natural stone processing. It is especially known for its premium granite, such as Black Galaxy, obtained from South India. The company is also expanding into mining, processing and exports as well as new segments like precision tools and quartz surfaces.

Goldman Sachs India Limited picked up a new stake of 2.90% in Midwest Limited in the Dec 2025 quarter. The total value of this investment was around Rs 131.2 crore and included around 10.35 lakh shares.

Shares of Midwest Limited fell 1.74% to close at Rs 1,324 in the last trading session. The company has given returns of about 16 percent in the last 6 months. Its market cap is Rs 4.79 thousand crore.

Q3 Results: Semiconductor company’s profit fell by 60%, revenue jumped; Will keep an eye on shares

Disclaimer: The advice or opinions expressed on Moneycontrol.com are the personal views of the expert/brokerage firm. The website or management is not responsible for this. Moneycontrol advises users to always seek the advice of a certified expert before taking any investment decision.

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