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​So, from that angle, it is right. I think what will be important to see is also what the survey says and what the government assumes as well in terms of what is going to be driving this growth and I think that will kind of give us direction on which way the budget is going to go, where I think it is going to be a three-pronged consumption investment as well as trade, they are going to emphasise in all of that and I think subsequent comments that we have seen coming out of the Economic Survey seems to suggest integrating India much more into the global value chain, certainly very important, and ways to remove remaining impediments.

Sensex and Nifty50 extended gains for the fourth session, driven by pre-Budget optimism, GDP growth projections, a tech stock rebound, and RBI rate cut expectations. The BSE market cap surged by ₹5.47 lakh crore to ₹423.34 lakh crore.

Promoters of several Nifty500 companies reduced share pledges in Q3 FY25, with notable decreases in Aurobindo Pharma, Hindustan Zinc, Apollo Hospitals, and Jindal Steel, reflecting a trend of reduced reliance on pledged shares.

Dinshaw Irani advises selective stock picking during market volatility, focusing on resilient sectors like IT, banking, and financials. He sees 2025 as a stock-picker’s market with opportunities for long-term growth.

Emerging markets are underperforming the US, and India is lagging within EMs. Over the past three months, MSCI EM fell 4%, while the S&P 500 gained 3.24% (as of Jan 27). India’s underperformance has worsened this month, making the gap more pronounced and highlighting a broader shift in global market trends.

Five stocks, including SBI Card, Coforge, and TCS, saw short covering on January 31, leading to a decrease in open interest and minor stock price increases.

Nestle India share price: The company’s revenue from operations for the third quarter rose 3.9% year-on-year (YoY) to Rs 4,779.73 crore, compared to Rs 4,600.42 crore in the same quarter last year. Nestle India reported total sales of Rs 4,762.1 crore for the third quarter ended December 2024, reflecting a 3.9% overall sales growth and a 3.3% increase in domestic sales.

The FY25 Budget allocated Rs 11.1 lakh crore for capex, but we may miss the target by 10-12%. Over five years, capex as a share of GDP has doubled to 3.2%, and this momentum is expected to continue. However, the focus must shift from allocation to execution, ensuring projects meet growth targets effectively.

Brokerages expect a capex-driven budget prioritizing infrastructure, defense, railways, and financials while maintaining fiscal discipline. Key stock picks include L&T, HAL, BEL, SBI, and Maruti Suzuki. Sectors like renewable energy, real estate, auto, and BFSI may see policy boosts, while tax stability on STT and LTCG could support market sentiment.

Suzlon Energy share price: Suzlon achieved its highest-ever quarterly deliveries, reaching 447 MW in Q3 FY25. The wind turbine generator segment was the key growth driver, with revenue soaring 132% year-on-year (YoY) to Rs 2,336 crore, compared to Rs 1,004 crore in the same period last year.