Budget 2026: Raja Venkatraman shares top stock picks for 1 February
Subscribe to enjoy similar stories. Stock market recap: The Indian stock markets closed lower on Friday, 30 January, as various factors led to widespread selling across different sectors. The Sensex dropped approximately 0.35% to finish close to 82,269, while the Nifty 50 fell 0.40% to 25,320.
According to experts, the decline was influenced by profit-taking in anticipation of the Union Budget, a significant drop in commodity prices, and weak signals from global markets, which collectively led to a cautious investor sentiment. Investors will now focus on the Union Budget scheduled for Sunday, 1 February. The markets will function in a special trading session.
Best stocks to buy on 1 February (All Buy trades are rates of Equity & Sell rates are based on F&O) M&M FIN: Buy above ₹380, stop ₹360 target ₹415 (Multiday) UNION BANK: Buy above ₹182, stop ₹175 target ₹198 (Multiday) GRINFRA: Buy above ₹970, stop ₹935 target ₹1110 (Multiday) Stock market performance | 30 January On 30 January, the Nifty 50 index the markets were primed with lot of expectations ahead of the Budget 2026 but could not live up to the expectations. Especially some expectations from the banking sector, but the pressure on the markets persisted resulting in the trends giving up the bullish sentiment. The Nifty 50 could not see follow-through buying interest on January 30 and snapped its three-day winning streak amid consolidation ahead of the Union Budget 2026, the much-awaited key economic event scheduled to be presented by finance minister Nirmala Sitharaman on 1 February.
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