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Budget Day triggers significant market volatility, with the Nifty often fluctuating within a 2-3% range. Experts suggest focusing on key technical levels, proper risk management, and suitable strategies like Short Iron Fly and Short Iron Condor. Traders are advised to monitor sectors like railways, defense, and infrastructure for profitable opportunities, while employing confirmation-based trades.

Nifty may show higher-than-usual volatility on Budget day with historical intraday fluctuations of 2-3%. Sujit Modi of Share.Market suggests vega-based strategies like Short Iron Fly and Short Iron Condor, while HDFC Securities recommends a Long Butterfly Strategy to capitalize on expected IV changes.

ITC shares have historically performed well on Budget days, but traders are cautious this year due to potential excise duty hikes on cigarettes. Previous Budget days saw ITC stock gains, with a notable exception in 2020. The brokerage Nuvama anticipates a minor hike, projecting growth for ITC’s cigarette segment despite regulatory challenges.

IndusInd Bank reported a 39% year-on-year decline in standalone net profit for Q3FY25 to Rs 1,401 crore, surpassing Street estimates. Interest income rose 11% YoY, while deposits grew by 11%. However, net interest income fell, NIM contracted, and asset quality deteriorated with higher NPAs.

Stock to News on Budget Day Today: So, watch out for ITC, Sun Pharma, Vishal Mega Mart, Infosys, Hero MotoCorp, HUL, RVNL, IRCTC and a slew of other stocks that will be in focus on the Budget day.

The underlying trend of Nifty remains strong. Having surpassed the hurdle of 23,500 levels, bulls could advance towards another resistance of 23,800 levels in a short period of time. Immediate support is at 23,400 levels, said Nagaraj Shetti.

Share Market Open Today: National Stock Exchange (NSE) and the BSE confirmed in a circular issued earlier this week that trading will continue as per regular market hours. Pre-market trading will begin at 9:00 AM and run until 9:08 AM, after which equity market trading will take place from 9:15 AM to 3:30 PM.

The NSE Nifty gained 1.11%, or 258.90 points, to close at 23,508.40. The BSE Sensex advanced 1%, or 740.76 points, to close at 77,500.57. For the week, both indices rose 1.8% in a relief rally marked by scepticism. They are down less than a percent in January.

Sebi has defined greenwashing as making false, misleading, unsubstantiated or incomplete claims about the sustainability of a product, service or business operation.

Linkages between the two markets are more pronounced in a downturn, but that may not be the case when the market is on a strong footing. In 51 instances, when the Nifty dropped over 10%, the S&P 500 notched up gains on 13 instances.