India Financial News

Simbhaoli Sugars Ltd.(up 3.04%), EID Parry(India)Ltd.(up 2.18%), Sakthi Sugars Ltd.(up 0.47%), Triveni Engineering & Industries Ltd.(up 0.39%) and Mawana Sugars Ltd.(up 0.23%) were among the top gainers.

Vikas Pershad, Portfolio Manager, M&G Investments, says the multiples are high, the price might seem high, but the Indian market is pricey not expensive because one is getting a lot in return and nothing about that has changed since Saturday, nothing about that has changed since the latest Trump 2.0 tariffs came out and so Pershaud remains very constructive on India. The FIIs probably will come back in phases. Until then, the domestic bid should be there. Pershaud also says consumption-focused Budget doesn’t mean we should be investing in consumer staples. Rather, they have grown exposures in higher-end expenditures, high-end real estate, hotels, airlines,. They have broadened out in life sciences and healthcare services, clinical diagnostics also and are increasing it in defence and some of the infrastructure names also. So, what is going to be on the market's mind for the next few days? Will it be the T of tariff or will it be T of tax cut? Vikas Pershad: I think a little bit of both.

ITC, Godfrey Phillips, and VST Industries will be in focus on Monday, February 3, after the Finance Minister kept excise duty/NCCD on cigarettes and other tobacco products unchanged in the Union Budget 2025–26. With no tax hike on cigarettes in the finance bill, Finance Minister Nirmala Sitharaman confirmed that tobacco taxation will remain steady.

Axis Securities maintains its buy call on Jyothy Labs with a target price of Rs 450 (Rs 500 earlier). The current market price of Jyothy Labs is Rs 395.95. Jyothy Labs, incorporated in 1992, has a market cap of Rs 14449.66 crore, operating in the FMCG sector.

Assam Rifles in coordination with Manipur Police and other security forces, recovered 10 weapons, ammunition, and warlike stores from both hill and valley regions in the districts of Kakching, Kangpokpi, Churachandpur and Thoubal in Manipur.

trading session for the Union Budget and ultimately closed flat. In today's trade, shares of Power Grid, Divi's Labs, RIL, ITC, Anant Raj among others will be in focus due to various news developments and third quarter results. Power Grid, Divi's Labs, General Insurance Corp, Tata Chemicals Shares of Power Grid, Divi's Labs, General Insurance Corp and Tata Chemicals will be in focus as the companies will announce their quarterly results today.

Despite markets remaining open for the Budget, foreign investors' participation was very minimal. Hence, analysts say the actual reaction is likely to be witnessed in a day or two to understand whether the market has really discounted the Budget factor or not.

The yields on US Treasuries gained while stock futures slumped, and an index of Asia-Pacific shares also dropped in response to the punitive measures taken against some of America’s biggest trading partners. The Canadian dollar sank to its weakest since 2003, with euro and Mexican peso also posting losses.

Consumer-oriented stocks seem to be the focus of traders after the budget on Saturday. A look at stock futures contracts that have seen strong rollovers to the February series, and their near-term outlook. Maruti Suzuki India

Subscribe to enjoy similar stories. Naveen Jindal, chairman of India’s fourth-largest steelmaker Jindal Steel and Power Ltd (JSPL), is building a private steel empire abroad, one that could match the size of his listed Indian company in future. Over the past five years, Jindal has built an end-to-end steel business with assets across Europe, the Middle East and Africa.

Subscribe to enjoy similar stories. Nifty50, India's benchmark index, snapped its four consecutive sessions of winning streak and closed 26 points lower at 24,482.15 on Union Budget day. The index started the session with a muted opening at 23,528.60 and traded volatile during the budget presentation.

Subscribe to enjoy similar stories. New Delhi: India is preparing an action plan to steer clear of a potential trade war with the US, two people aware of the matter said. The development comes in the backdrop of a tariff war erupting between the US and Mexico, Canada and China, with tariffs and retaliatory tariffs being traded blow for blow.

Subscribe to enjoy similar stories. Larsen & Toubro Ltd’s (L&T) shares fell 3% on Saturday, pretty much wiping away the gains it saw the previous day in reaction to the December quarter results (Q3FY25). Positives of Q3 aside, some part of the stock upmove was in anticipation that capital expenditure (capex) allotment could be higher in budget 2025.

consumer goods companies marked by steep discounting to attract urban shoppers, said Noel Wallace, global chief executive officer at Colgate-Palmolive, indicating sluggish urban demand is forcing companies to engage in bleeding price wars.

capital expenditure. While analysts debate whether this shift is a temporary adjustment or a broader paradigm change, several sectors including agriculture, capital goods, cement, consumer, financials, telecom, and utilities are poised to benefit from the measures in the budget. Here is a sector-wise breakdown of how they stand to gain:

Subscribe to enjoy similar stories. The Indian stock market closed on the upside, with the Auto and IT and Consumption sectors pulled the market up. The Nifty 50 index closed at 24,188.65 while the BSE Sensex closed at 79,943.71, up 1.83%.

Subscribe to enjoy similar stories. New Delhi: The exemption of import duties on components required for making open cells—a key part of LED televisions—has divided India’s nearly-$10-billion TV industry.

Grammy Awards 2025 LIVE: The 67th annual Grammy Awards ceremony will be held on Monday to recognise some of the most talented performers and biggest hits in pop music.Grammy Awards LIVE: Eight musicians will compete for the the top Grammy prize of album of the year on Monday. "New Blue Sun" - Andre 3000"Cowboy Carter" - Beyonce"Short n' Sweet" - Sabrina Carpenter"Brat" - Charli XCX"Djesse Vol.

Budget was like a well-cooked thali-a fine balance of flavours, keeping continuity while adding a few spicy new elements to match market realities. The larger vision of Viksit Bharat remained intact, and the finance minister has been handling the economic reins well-sometimes nudging MSMEs forward, sometimes giving the middle class a well-deserved push, all the while keeping the fiscal deficit beast in check.

logistics growth with its focus on infrastructure. Logistics costs will drop, and domestic manufacturing will get a major boost as supply chains will run smoother, real estate experts said.

Bengaluru: Streamlining international taxation and expansion of safe harbour rules for Global Capability Centres (GCCs) in India will stimulate growth of the sector that is projected to cross $100 billion in revenues by 2030, said industry experts.