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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.

Bitcoin (BTCUSD) retreated below $95,000 on Sunday over concerns about the potential impacts of U.S. tariffs imposed on products coming from Canada, Mexico and China.

data centres may increase demand for electricity, however, it is difficult yet to predict how demand may change with the appearance of one technology such as DeepSeek, it said by email.

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.

Atul Lall, VC & MD, Dixon Tech, says the Budget is positive for the electronics industry. They had sought simplifying the duty structure for IFPD, and that has been achieved. Lall believes this will greatly boost IFPD manufacturing. Additionally, they had requested the reduction or elimination of certain duties on mobile components from 2.5% to 0%, and that has also been accomplished. They have lowered the duty on inputs for open cells, and agreed to requests on the deregulation front, all of which is beneficial for companies like Dixon. What is your take on the Budget? Atul Lall: For the electronics industry, the Budget is positive. There were certain specific asks from the industry. One was on rationalisation of the duty structure for IFPD, and that has been done. What we asked for, thankfully, was addressed completely in the same format.

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.

KV Subramanian, Executive Director, IMF, says the finance minister stated that tax cuts will put around Rs 1 lakh crore in the hands of the middle class. Middle class savings are roughly 18%, and if we round it to 20%, it suggests that 80% of this amount will be spent. The consumption multiplier, which is the inverse of the savings rate, is about five. Therefore, we can anticipate a total increase in consumption of around Rs 5 lakh crore, which represents about 2.7% of GDP. The GDP growth estimate is at 6.3% on the lower end. Adding that 2.7% could bring the total to 9%, and even with some overestimation, a growth rate near 8%, definitely above 7%. What a Budget it turned out to be! What were the key bullet points that stuck with you from the Budget this time? KV Subramanian: I have had an all-nighter here watching the Budget in Washington DC. And I think there are a few aspects that are really worth mentioning. As I tweeted just after the Budget, I did a quick analysis of the impact of the personal income tax rate cut on overall consumption and thereby on GDP. I think this is an aspect that is quite important. Unlike, for instance, infrastructure where the impact of that persists over many years, the impact of a personal income tax rate cut, which actually affects consumption, will be there for this year. But I think that impact is going to be large.

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

Donald Trump said Sunday that Americans could feel «some pain» from the emerging trade war triggered by his tariffs against Canada, Mexico and China, and claimed that Canada would «cease to exist» without its trade surplus with the United States.

Subscribe to enjoy similar stories. Dear reader, Last week, I wrote that the coming weeks would be crucial for the markets. There are still enough pending news triggers in the pipeline to influence sentiments significantly enough to provide some surprises.

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. Foreign investors appear to have readied themselves for a negative reaction over this week, after remaining largely absent during the special budget session on Saturday. The Union budget's tilt towards consumption over capex, anticipation of an expanding global trade war, and uncertainty over the next monetary policy outcome on 7 February could have influenced their decisions, according to analysts.

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.

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:

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.

Donald Trump's new tariff orders against Canada, Mexico and China all contain clauses suspending a duty-free exemption for low-value shipments below $800 that is widely seen as a loophole that has allowed shipments of fentanyl and its precursor chemicals into the United States.