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“Roads and railways alone account for nearly half of the total outlay. While road investments have surged over the last decade, railway allocations have nearly doubled in the past five years. Going forward, we expect a sustained focus on these sectors, as reducing logistics costs remains a priority for the government.”

Railway stocks, some down as much as 40% from their 52-week highs, saw significant value buying amid broader market gains. The rally was driven by state-owned firms like IRCON International, Rail Vikas Nigam Ltd (RVNL), IRFC, IRCTC, and BEML, as investors seized opportunities following months of sharp declines in the sector.

Sebi banned two individuals from securities markets for insider trading in Infosys stock and ordered the disgorgement of Rs 2.6 crore in illegal gains. The persons in question are Keyur Maniar and Ramit Chaudhri who have also been slapped with a penalty of Rs 30 lakh, each.

Gold prices hit a fresh record high of Rs 84,900 per 10 grams in the national capital on Friday, driven by robust domestic demand and strong global cues, according to the All India Sarafa Association.

Madhu Kela highlights that after years of favorable markets, volatility has returned, requiring investors to adapt their strategies.

Tech View: Nifty’s breakout above 23,400 signals strong bullish momentum, reversing last month’s bearish trend. Analysts recommend a buy-on-dips strategy, with key resistance at 23,800 and immediate support at 23,300. Market reaction post-budget will determine further direction.

Marico Ltd posted a 4% YoY rise in Q3 net profit to ₹399 crore, with revenue up 15% to ₹2,794 crore. EBITDA grew 4%, but margins declined due to rising input costs. India business saw 6% volume growth.

The company set February 6, 2025, as the record date for the dividend, payable by February 20, 2025. The company announced the dividend alongside its Q3 earnings, reporting a 15% YoY rise in net profit to Rs 2,903 crore for the quarter ended December 31, 2024. It also recorded an exceptional item of Rs 316 crore.

This Budget balances growth-driven reforms and pro-consumption measures while managing fiscal consolidation.

The Indian rupee hit an all-time low on Friday and was the worst performer among major Asian currencies in January, hurt by portfolio outflows, expectations of a rate cut and the uncertainty about U.S. trade tariffs.