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​Nirmala Sitharaman I think was all set to do a solid budget in which she would claim victory that she had set a five-year target of reducing the fiscal deficit and she has achieved that with rising capex and 7% growth.

As of Q3 FY24, Rekha Jhunjhunwala holds stakes in about 20 companies, valued at Rs 20,000 crore (Jan 30), with stakes above 1% in some firms.

Budget 2025: Santosh Pandey of Nuvama highlights waning interest in PSU, railways, and capex stocks before the budget. He sees growth potential in IT, hospitals, and textiles, while chemicals, cement, and rural-focused consumer companies offer valuation comfort but need earnings revival.

The Economic Survey 2025 warns that elevated US stock market valuations increase the likelihood of a correction in 2025, which could ripple through global markets, including India. The survey highlights the vulnerability of sentiment-driven rallies and their impact on investor confidence. It stresses the need for vigilance, especially with India’s correlation to US market trends.

​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.