Summary of the Day's Market Performance

Market Overview

1. Sensex closed at 77,500.57, up 740.76 points (0.97%).

2. Nifty ended at 23,508.40, gaining 258.90 points (1.11%).

3. Midcap & Smallcap indices surged nearly 2% each.

4. Sectoral Performance:

   • Big Gainers: Consumer Durables, Oil & Gas, Power, PSU, Realty, FMCG (all up 2%).

   • Capital Goods Index led the rally, soaring 4%!

💸 Market Transactions:

• Foreign Institutional Investors (FII): ₹-1,188.99 crore (Net Sellers)

• Domestic Institutional Investors (DII): ₹2,232.22 crore (Net Buyers)

Foreign investors continued selling, but domestic institutions provided solid buying support.

Special Budget Trading Session

📅 Date: Saturday, February 1, 2025
📍 Session: Regular market hours
📝 Focus: Market reaction to Union Budget 2025-26 policies

• Market sentiment remains bullish ahead of Budget 2025.

• Hopes of tax relief and infrastructure spending fueled buying interest.

• Defense, PSU, and FMCG stocks gained as budget expectations built up.

• Markets rallied as investors pinned hopes on a pro-growth budget and prudent fiscal management.

• The Economic Survey hinted at tax cuts and job creation, which fueled optimism.

• Strong earnings reports from major companies further boosted sentiment.

• The government is expected to balance fiscal deficit reduction while maintaining infrastructure spending, setting a positive tone for market recovery.

💡 Defence stocks are on fire! 🔥
Garden Reach Shipbuilders, Mazagon Dock Shipbuilders, Bharat Electronics, and Cochin Shipyard rallied 6-7% ahead of the Union Budget, expecting higher defense spending!

Key Stock Movements and News

• Top Gainers:

  • Tata Consumer, Trent, Bharat Electronics, Nestlé India, L&T

• Top Losers:

  • Bharti Airtel, ICICI Bank, Bajaj Finserv, Apollo Hospitals, JSW Steel

1. Asian Paints: Q3 profit is expected to decline 22% due to weak urban demand and rising competition.

2. Sun Pharma: Q3 net profit up 15% to ₹2,903.4 crore, meets expectations; ₹10.5 dividend declared.

3. UPL: Shares surged 9% as the company returned to profit with ₹828 crore net earnings.

4. Marico: Q3 net profit up 4.2% to ₹399 crore; margins declined due to rising costs.

5. PNB: Shares jumped 5.5% as Q3 net profit doubled to ₹4,508 crore; NII rose 7.2%.

6. Kalyan Jewellers: Hit 10% upper circuit after posting 21% YoY profit growth and 39.5% revenue surge.

7. Bank of Baroda: Stock fell 4% as Q3 results disappointed; Jefferies & HSBC slashed target price to ₹250.

8. Nazara Tech: Esports subsidiary Nodwin Gaming acquired StarLadder for ₹46.75 crore to expand gaming events.

1. Defense Stocks: Budget anticipation drives Bharat Electronics, Mazagon Dock, and Cochin Shipyard higher.

2. Kalyan Jewellers: Strong Q3 performance pushed shares to 10% upper circuit.

3. PNB: Doubling of profit makes it a strong candidate for further upside.

4. Nazara Tech: Esports expansion through acquisitions could boost long-term growth.

5. Sun Pharma: Dividend announcement and steady growth could keep investors interested.

Markets ended on a strong note for the fourth consecutive session, with Nifty above 23,500 and broad-based sectoral gains. Investors are optimistic about the Union Budget, expecting tax relief and infrastructure spending to drive growth. The defense, PSU, and FMCG sectors are the focus, while strong corporate earnings continue to support the bullish sentiment. The special trading session on February 1 will be a crucial event for market direction. 🚀📊

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