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A growth-focused budget that stimulates spending and addresses fiscal priorities could drive market sentiment and set the stage for FY26 growth.

Indian markets are expected to consolidate on Friday amid mixed cues. The Nifty futures closed positive, and options data suggests a broader range of 22,900–23,700. Experts recommend stocks like Hindustan Aeronautics, Tata Steel, SBI, and Cummins India for short-term trading.

Biocon share price: Biocon reported a 96% year-on-year (YoY) decline in net profit, which fell to Rs 25 crore in Q3FY25. In comparison, the company had posted a net profit of Rs 660 crore in Q3FY24, boosted by an exceptional item of Rs 566 crore.

Eight Nifty500 stocks formed a bullish White Marubozu pattern on January 30, indicating strong buying momentum. Traders see this as a sign of sustained upward pressure in these stocks.

When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which the stock was traded throughout the day, with the average being weighted by trading volume.

On January 30, three Nifty500 stocks closed over 1.5% above VWAP, signaling a potential bullish trend. This suggests strong buying interest and positive market sentiment.

Indian benchmark indices, Sensex and Nifty50, opened higher for the fourth consecutive day, driven by gains in L&T and IT stocks. Investors are optimistic about positive triggers from the upcoming Union Budget. Despite these gains, both indices remain down about 11% from their record highs in September 2024.

Gold April futures hit a record high of Rs 82,357/10g on MCX amid safe-haven buying due to US tariff concerns. Silver also surged, nearing an 8-week high. Weak US economic data and ECB rate cuts supported prices. Analysts expect volatility ahead of US core PCE data. Gold and silver remain strong amid global financial market fluctuations.

Kalyan Jewellers shares rose 7.65% after reporting a 44% YoY growth in profit after tax (PAT) for Q3 FY25, reaching Rs 219 crore. Revenue grew 40% to Rs 7,287 crore. The company’s India operations saw strong PAT growth, while Middle East performance was slightly impacted by new taxes. E-commerce division Candere posted increased revenue but incurred a larger loss.

Sensex and Nifty, currently experiencing a four-month negative run, have historically shown strong rebounds post-Budget when preceding expectations were low. With low market expectations for the upcoming budget, chances of a positive turn are high, especially in agriculture and infrastructure sectors.