Bullish News
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Reliance Industries Shares Gain 7% Following India-US Trade Deal
**Market Brief: Reliance Industries Surge & Trade Policy Shift** **Date:** February 3, 2026 **Executive Summary** Reliance Industries (RIL) shares witnessed a sharp rally, surging **7.12%** to an intraday high of **â¹1,489.50** on February 3, 2026. This breakout follows the announcement of a pivotal India-US trade agreement that reduces reciprocal tariffs and reshuffles global energy supply chains. **Trade Deal Impact** The new bilateral agreement cuts US tariffs on Indian goods to **18%**, down from the previous **25%**. * **Tariff Relief:** Immediate reduction in duties boosts sentiment for export-oriented conglomerates. * **Strategic Pivot:** The deal mandates a halt to Indian purchases of Russian crude oil. RIL had already ceased Russian imports in January 2026, preemptively aligning with this geopolitical shift. **Energy Sector Outlook** Reliance is positioned as a primary beneficiary of the revised energy landscape. * **Venezuelan Crude:** The agreement opens the door for India to resume Venezuelan crude imports. RIL, with its complex refining capacity, is awaiting final regulatory clarity to restart purchasing heavy Venezuelan grades. * **Refining Margins:** Access to discounted heavy crude from Venezuela could significantly improve refining margins, replacing the halted Russian supply. **Market Sentiment & Technicals** * **Price Action:** The stock rebounded strongly from a low of **â¹1,342.25** earlier in the week, breaking a short-term bearish trend. * **Derivatives:** High volumes in call options signal robust institutional interest and bullish momentum targeting the **â¹1,500** level. * **Broader Rally:** The trade news sparked a wider market rally, with the Nifty 50 gaining over **2.8%**. **Key Takeaway** Reliance Industries effectively navigated the transition away from Russian oil, positioning itself to capitalize on lower tariffs and renewed access to Venezuelan feedstock. The market has priced in this strategic advantage, driving the sharpest single-day gain for the stock in two years.
Kacholia: India-US Trade Deal May Signal End of Smallcap Bear Market
**Market Brief: Smallcap Bear Market Ends on Historic India-US Trade Pact** **The Breakthrough** Veteran investor **Ashish Kacholia** has declared the end of the smallcap bear market following a decisive India-US trade agreement. In a move described as a "game changer" for Indian equities, US President Donald Trump announced a slash in reciprocal tariffs on Indian goods to **18%**, down from punitive levels of **50%**. **Kacholiaâs Call** Kacholia noted that the "biggest buying opportunities emerge when investors are frozen with fear," signalling that the deal marks an official turning point for broader markets. The agreement removes a significant overhang on Indian assets, with India committing to reduced trade barriers and a shift in energy procurement. **Market Reaction: Historic Surge** Markets responded with euphoria on **February 3, 2026**, pricing in renewed competitiveness for Indian exports. * **Equities:** The Nifty 50 staged a massive rally, surging up to **5%** intraday (over **1,200 points**) to reclaim the **26,300** level. The Sensex soared over **4,200 points**. * **Broader Market:** The recovery was broad-based, with Midcap and Smallcap indices jumping **3.5%** each, validating the trend reversal. * **Currency:** The Indian Rupee witnessed its strongest single-day rise since 2021, appreciating **1.2%** to trade at **90.40** against the US Dollar. * **Bonds:** Yields on the 10-year benchmark bond cooled by **5 basis points** to **6.72%**, reflecting eased fiscal stress. **Sectoral Winners** The tariff reduction has triggered immediate buying in export-oriented sectors previously battered by trade tensions: * **Textiles:** Stocks like Gokaldas Exports and KPR Mill saw sharp gains as US market access improved. * **Auto Ancillaries:** Companies such as Bharat Forge and Sona Comstar rallied on expectations of higher component exports. * **Chemicals & Pharma:** Specialty chemical players and pharmaceutical exporters are repricing for higher volumes under the new **18%** tariff regime. **Investor Sentiment** The deal has effectively reset market sentiment, shifting focus from geopolitical isolation risks to earnings growth. Analysts project that the removal of the "tariff terror" will reverse recent foreign outflows, driving liquidity back into high-beta smallcap and midcap counters.
Eternal Shares Rise 9% After Jefferies Adds Stock to India Model Portfolio
Market Brief: Eternal Limited (formerly Zomato) **Date:** February 3, 2026 **Price Action** Eternal shares witnessed a sharp rally today, surging **9.3%** to hit an intraday high of **â¹298.50**. The stock is currently trading approximately **25%** below its recent peak, offering what analysts call an attractive entry point. **The Catalyst: Jefferies Upgrade** Global brokerage Jefferies has officially added Eternal to its high-conviction **India Model Portfolio**, replacing Godrej Consumer Products. * **Target Price:** Set at **â¹480**, implying a massive **75% upside** from current levels. * **Rationale:** The firm labels Eternal an "FPI favourite," citing a favorable risk-reward ratio and "best-in-class" profitability in the quick commerce segment. **Q3 FY26 Financial Highlights** The company reported robust third-quarter numbers, underpinning the bullish sentiment: * **Net Profit:** Jumped **73% YoY** to **â¹102 crore** (up from â¹59 crore in Q3 FY25). * **Revenue:** skyrocketed **202% YoY** to **â¹16,315 crore**. * **Operating Profit:** Adjusted EBITDA climbed **28% YoY** to **â¹364 crore**. **Segment Performance** * **Quick Commerce (Blinkit):** Reported positive EBITDA despite peak competitive intensity. The vertical is valued at **2.5x** March 2028 estimated revenues. * **Food Delivery:** Demand has recovered, with Net Order Value (NOV) growing **17% YoY**, marking the second consecutive quarter of acceleration. **Leadership Update** Jefferies viewed the recent management transitionâDeepinder Goyal stepping down as CEO to hand the reins to Albinder Dhindsaâas a "governance milestone" with no expected disruption to operations.
Former RBI Official R Gandhi Endorses Budget 2026 Vision and F&O STT Hike
**Union Budget 2026 & Market Brief: February 3, 2026** **Market Pulse** Markets staged a massive recovery today, erasing Budget-day losses. **Sensex:** 83,739 (+2,072 pts / **+2.5%**) **Nifty 50:** 25,727 (+639 pts / **+2.5%**) **Top Driver:** A landmark India-US trade deal slashing reciprocal tariffs to **18%** triggered a broad rally, offsetting initial jitters over tax hikes. **Budget 2026-27 Highlights** Finance Minister Nirmala Sitharaman presented the Union Budget on February 1, 2026, anchoring the "Viksit Bharat 2047" vision. * **Fiscal Deficit:** Targeted at **4.3%** for FY27. * **Capex:** Raised to **â¹12.2 lakh crore** to sustain infrastructure momentum. * **Tax Stability:** No changes in direct tax rates, a move aimed at preserving long-term investor confidence. **STT Hike & R Gandhiâs Stance** A sharp hike in Securities Transaction Tax (STT) initially spooked traders: * **Futures:** Increased to **0.05%** (from 0.02%). * **Options Premium:** Increased to **0.15%** (from 0.1%). Former RBI Deputy Governor R Gandhi has strongly backed this move. He argues the hike is a necessary prudential measure to curb excessive speculation rather than a revenue grab. According to Gandhi, this ensures the derivatives market serves its core purposeâhedging and price discoveryâwithout destabilizing the broader ecosystem. **Outlook** While short-term traders face higher costs, the structural story remains intact. The government's focus on fiscal consolidation (4.3% target) combined with the new US trade pact has shifted sentiment back to "buy on dips." Long-term institutional flows are expected to stabilize as the market digests the new tax regime. ... [Union Budget 2026 Market Reaction](https://www.youtube.com/watch?v=_TJOzwpdGZ0) This video provides live expert analysis and immediate market reactions to the key budget announcements mentioned above. http://googleusercontent.com/youtube_content/0
Power Grid Shares Rise 13% on Raised FY26 Capex Guidance
**Power Grid Market Brief: Bullish Momentum on Capex Upgrade** **Price Action & Market Sentiment** Power Grid Corporation shares have surged over **12-13%** in a robust two-day rally as of early February 2026. The stock recently hit an intraday high of **â¹282.25**, breaking past key resistance levels. Trading volumes have spiked significantlyârising nearly **37%** above the five-day averageâsignaling strong institutional accumulation and renewed investor confidence. **Guidance Upgrade Fuels Rally** The primary driver of this uptrend is a sharp upward revision in the companyâs capital expenditure targets. Management raised the FY26 capex guidance to **â¹32,000 crore** (up from â¹28,000 crore) and increased the asset capitalization target to **â¹22,000 crore**. This aggressive expansion plan aligns with India's accelerated push for renewable energy transmission and grid modernization. **Q3 FY26 Earnings Strength** Fundamental support comes from solid third-quarter results. The state-owned utility reported an **8% YoY increase** in consolidated Net Profit (PAT) to **â¹4,185 crore**. Revenue from operations climbed **10%** to approximately **â¹12,400 crore**, driven by higher transmission income and improved operational efficiency. The Board also declared a second interim dividend of **â¹3.25 per share**, maintaining its reputation as a consistent dividend payer. **Sectoral & Government Support** Budget 2026 proposals have further improved the outlook. The government has earmarked higher investment targets for the power sector, with Power Gridâs specific investment target for the next fiscal year (FY27) projected to rise to **â¹37,000 crore**. These funds are strategically allocated for green energy corridors and evacuation infrastructure for renewable projects, ensuring long-term order book visibility. **Technical Outlook** Technicals indicate a clear bullish reversal. The stock is now trading comfortably above its **5-day, 20-day, and 50-day moving averages**. The Relative Strength Index (RSI) hovers around **60**, suggesting strong momentum with room for further upside before reaching overbought territory. Heavy activity in call options suggests traders are positioning for continued gains in the near term. **Key Takeaway** Power Grid is currently in a sweet spot, backed by a **14% hike** in capex guidance, strong earnings growth, and favourable government policy. The alignment of fundamental upgrades with technical breakouts makes it a key stock to watch in the utilities space. I can set up a price alert for Power Grid or generate a comparison with other power sector peers if you need further analysis.
Bajaj Finance Q3: Net Profit Dips 6% to Rs 4,066 Crore, NII Rises 21%
**Global Market Brief: Historic Rally & Trade Deal** **Market Snapshot** Global equities are staging a massive rally today, February 3, 2026, driven by a breakthrough US-India trade agreement. Indian benchmark indices witnessed their sharpest single-day surge in recent history, while US futures point to a strong open. **Key Drivers** * **US-India Trade Pact:** President Trump announced a deal to slash reciprocal tariffs on Indian goods from **25% to 18%**. In exchange, India has agreed to halt Russian oil imports and lower barriers for US products. * **Sentiment Shift:** The deal effectively removes a major geopolitical overhang, fueling risk-on sentiment across emerging markets and strengthening the rupee against the dollar. * **Tech Earnings:** **Palantir** shares are soaring pre-market after beating Wall Street estimates, further boosting the tech sector's momentum. **Indices & Performance** * **India:** The **Sensex** skyrocketed over **4,200 points (+5.1%)** to hit an intraday high of **85,871**, while the **Nifty 50** climbed **1,252 points (+5%)** to cross **26,300**. * **United States:** S&P 500 and Nasdaq futures are trading **0.3%** and **0.6%** higher respectively, building on yesterday's gains where the Dow added **515 points**. * **Sector Leaders:** Banking, Housing Finance, and Tech stocks are leading the charge. **Bajaj Housing Finance** and **Ather Energy** are in focus following strong Q3 earnings. **Commodities & Crypto** * **Gold & Silver:** Precious metals are seeing a violent upside reversal. Gold surged over **5%** to trade near **$4,920/oz**, and Silver jumped over **11%**, rebounding from a historic sell-off earlier in the week. * **Crude Oil:** Prices remain volatile but relatively muted compared to equities, with **Brent** hovering around **$66.80** (+0.7%) as the market digests the shift in India's energy sourcing away from Russia. **Economic Watch** Investors are now eyeing the implementation details of the tariff cuts and the delayed **US Jobs Report**. The sharp rebound in gold suggests lingering caution despite the equity euphoria. **
Impact of Modi-Trump Trade Announcement on Equity Markets
**Market Brief: India-US Trade Pact Ignites Historic Rally** A landmark trade agreement between India and the United States has triggered a decisive bull run, sending benchmark indices to fresh highs on February 3, 2026. The deal, which slashes reciprocal US tariffs on Indian goods from **25%** to **18%**, has immediately reset investor sentiment, positioning India as a preferred strategic partner. **Indices Surge on Deal Optimism** Markets responded enthusiastically to the announcement. The **BSE Sensex** skyrocketed **2,073 points (2.54%)** to close at **83,739**, while the **Nifty 50** surged **639 points (2.55%)** to settle at **25,728**. This rally was broad-based, with Midcap and Smallcap indices outperforming benchmarks, rising approximately **2.8%** each. **Foreign Inflows Return** The agreement is acting as a powerful catalyst for capital reversals. After a period of sustained sellingâwhere Foreign Portfolio Investors (FPIs) pulled out nearly **â¹41,000 crore** in January 2026âinstitutional flows have turned sharply positive. Provisional data indicates FIIs pumped over **â¹5,200 crore** into Indian equities in a single session, validating the narrative that India is reclaiming its status as an emerging market safe haven. **Key Sectoral Winners** Export-oriented sectors are the primary beneficiaries of the reduced tariff regime: * **Textiles:** Stocks in this sector saw massive buying interest. The tariff cut significantly enhances competitiveness against regional rivals like Vietnam and Bangladesh, potentially revitalizing a sector that contributes heavily to employment. * **Auto Ancillaries:** Companies with high exposure to the US market, such as Bharat Forge and Motherson, witnessed sharp gains as the deal safeguards export margins. * **Chemicals & Pharma:** The Nifty Chemical and Pharma indices climbed over **3%**, driven by improved earnings visibility for specialty chemical manufacturers supplying the US market. * **IT Services:** The Nifty IT index rose in tandem with the broader market, supported by expectations of smoother trade relations and reduced friction for service exports. **Outlook: Enhanced Earnings Visibility** Analysts believe this deal removes a major overhang for Indian corporates. By securing lower tariffs and reducing non-tariff barriers, the agreement provides long-term earnings stability. The strengthening Rupee, which appreciated alongside equities, further underscores the returning confidence in Indiaâs macroeconomic stability.
Bajaj Housing Finance Shares Gain 6% on 21% Rise in Q3 Net Profit
**MARKET BRIEF: BAJAJ HOUSING FINANCE | Q3 FY26 UPDATE** **Stock Surges on Robust Q3 Earnings** Bajaj Housing Finance shares witnessed sharp buying interest on Tuesday, February 3, 2026, climbing over **2%** intraday to trade near **â¹91.66**. The rally follows the company's strong operational performance for the quarter ended December 31, 2025, effectively dispelling recent sector-wide concerns about slowing credit demand. **Earnings Snapshot: Profit & Growth** The housing financier delivered a solid set of numbers, reporting a **21%** year-on-year jump in net profit to **â¹665 crore**, compared to â¹548 crore in the corresponding quarter of the previous fiscal. This bottom-line growth was driven by healthy loan disbursements and sustained momentum in the real estate market. Core revenue metrics remained equally impressive. Net Interest Income (NII) expanded by **19%** YoY to **â¹963 crore**, underscoring the companyâs ability to manage borrowing costs effectively despite a volatile interest rate environment. **AUM and Asset Quality** Business volume saw significant traction, with Assets Under Management (AUM) crossing the **â¹1.33 lakh crore** mark, registering a **23%** growth over the previous year. This expansion aligns with the company's aggressive focus on the prime and super-prime housing segments. Asset quality, a key monitorable for lenders, showed continued improvement. Gross Non-Performing Assets (GNPA) stood at a comfortable **0.27%**, while Net NPA was contained at **0.11%**. The Provisioning Coverage Ratio (PCR) on Stage 3 assets remained healthy at approximately **59%**, providing a cushion against potential defaults. **Technical Outlook & Market Sentiment** While the fundamental data fueled a price recovery, technical charts present a mixed picture. The stock is currently trading above its short-term moving averages, but momentum indicators like the MACD remain below the zero line, suggesting that the broader trend is still navigating a neutral-to-bearish zone. The RSI remains in neutral territory, indicating room for movement in either direction. Investors cheered the results, pushing the stock to an intraday high of **â¹94.77**, recovering from a recent 52-week low of **â¹87.11**. The strong capital adequacy ratio of over **23%** further reinforced investor confidence in the company's long-term stability. **Sector Context** The performance of Bajaj Housing Finance stands out amidst a mixed earnings season for the wider NBFC sector. While peers like Bajaj Finance faced headwinds from provisioning and operational costs, the housing finance arm has leveraged its secured lending portfolio to deliver consistent double-digit growth.
Trent Q3 Preview: Revenue Seen Rising 20%, PAT Expected to Grow Up to 17% YoY
**Market Brief: Trent Ltd Q3 FY26 Outlook** **Executive Summary** Trent Ltd is scheduled to announce its earnings for the quarter ended December 31, 2025, today, **February 3, 2026**. The Tata Group retail major is projected to deliver strong double-digit growth in both revenue and profitability, driven by aggressive store expansion and sustained demand in its value-fashion segment. However, provisional updates have triggered volatility, making management commentary on margins and store productivity critical for investors. **Financial Forecasts: Robust Topline Expected** Brokerages remain optimistic about Trentâs financial health, projecting substantial year-on-year gains. * **Revenue Estimates:** Analysts forecast revenue between **â¹5,220 crore** and **â¹5,570 crore**, representing a growth of **17% to 20%** year-on-year (YoY). This surge is attributed to the festive season tailwinds and rapid footprint expansion. * **Profitability:** Net Profit (PAT) is expected to range from **â¹470 crore** to **â¹540 crore**, reflecting a growth of **9% to 17%** YoY. * **EBITDA:** Operational performance remains sturdy, with EBITDA estimates projected to rise **21% to 23%**, reaching approximately **â¹1,020 crore**. * **Margins:** EBITDA margins are likely to expand to roughly **18.1%**, aiding overall profitability despite the pressure on gross margins from the changing product mix. **Operational Metrics: Zudio Leads Expansion** The growth story continues to be anchored by the rapid scaling of Zudio, which is catering to the burgeoning demand for value fashion across Tier-2 and Tier-3 cities. * **Store Additions:** The company added **17 Westside** stores and **48 Zudio** stores in the December quarter alone. This aggressive rollout is central to the revenue beat estimates. * **Sales Momentum:** While headline numbers are strong, analysts are closely watching "Same Store Sales Growth" (SSSG). There are early signs of moderation, with some brokerages noting a potential dip in revenue per square foot due to the high base effect and rapid dilution from new stores. * **Gross Margin Pressure:** As the revenue mix shifts heavily towards Zudio (which operates on lower margins compared to Westside), gross margins are expected to contract by approximately **60 basis points** to **43.3%**. **Market Sentiment & Stock Performance** Despite the positive earnings preview, the stock has witnessed significant volatility leading up to the announcement. * **Recent Correction:** Trent shares recently witnessed a sharp correction, falling over **8%** intraday following a provisional business update that, while robust, failed to meet the most bullish street expectations. * **Current Valuation:** The stock is currently trading near **â¹3,820**, down from recent highs, as investors book profits and reassess valuations in a volatile broader market. * **Analyst Ratings:** * **HDFC Securities:** Upgraded to **'Add'** with a target price of **â¹4,700**, citing attractive risk-reward after the recent correction. * **Citi:** Maintained a **'Sell'** rating with a target of **â¹4,350**, flagging productivity concerns. * **Elara Capital:** Remains bullish, emphasizing the long-term structural growth story. **Sector Trends & Key Monitorables** The retail sector in India is currently navigating a complex landscape of recovering rural demand versus urban saturation. * **Demand Dynamics:** The sector is seeing a clear "K-shaped" trend where value formats (like Zudio) and premium luxury continue to outperform mid-market segments. * **Management Commentary:** The post-earnings call will be scrutinized for guidance on: * Sustainability of the **20%+** growth rate. * Recovery strategies for Westsideâs like-for-like growth. * Impact of raw material costs on future pricing strategies. Investors should brace for potential short-term volatility as the market digests the final printed numbers against these elevated expectations.
Indian Bonds Rise on US Deal Boost as Pre-RBI Profit-Taking Caps Gains
**Market Brief: US-India Pact Sparks Rally, Yields Cool** **February 3, 2026** Indian markets surged early Tuesday following a breakthrough **US-India trade agreement**, significantly boosting sentiment across asset classes. The deal, which slashes reciprocal tariffs on Indian goods to **18%**, has catalyzed hopes for robust foreign inflows and a strengthened currency. **Bond Market Reaction** * **Yields Ease:** The benchmark 10-year government bond yield fell to **6.72%**, retreating from a one-year high of **6.78%** seen earlier this week. * **Budget Context:** Bond sentiment remains cautious following the Union Budgetâs projection of a higher-than-expected gross borrowing target of **â¹17.2 lakh crore** for FY27. * **Buying Support:** The trade deal provided immediate relief, offsetting concerns over the heavy supply pipeline and attracting fresh buying interest. **Currency & Equities** * **Rupee Surge:** The Indian Rupee (INR) rallied over **1.3%** to trade near **90.27** against the US Dollar, outperforming Asian peers. * **Equity Momentum:** Benchmark indices tracked global optimism, with the Nifty 50 reclaiming key levels above **25,700** driven by heavyweights and renewed FII interest. **Key Watch: RBI MPC** Investors are now pausing for the Reserve Bank of India's Monetary Policy Committee (MPC) meeting scheduled for **February 4â6**. * **Consensus:** The central bank is widely expected to hold the repo rate steady at **5.25%**. * **Focus:** Participants await guidance on liquidity management and inflation, particularly given the new fiscal parameters and global tariff shifts. **Outlook** While the trade pact has reset short-term momentum, profit-taking at higher levels is capping further upside. The marketâs direction for the remainder of the week hinges on the central bank's commentary on managing the expanded borrowing program.
Adani Shares Rise up to 13% After Jefferies Cites US Trade Deal Benefits
**Market Brief: Adani Stocks Surge on US Trade Deal & Strong Earnings** **Adani Group** shares delivered a dominant performance on **Tuesday, February 3, 2026**, leading a broader market rally. The surge follows the announcement of a landmark trade agreement between **PM Modi** and **US President Trump**, alongside robust quarterly results from the groupâs flagship entity. **Key Market Movements (Intraday Highs/Closing)** * **Adani Green Energy:** Led the pack, closing **+10.4%** at **â¹932**, with intraday gains reaching nearly 13%. * **Adani Enterprises:** Surged **+10.6%** to close at **â¹2,206**, fueled by both the trade deal and a **2404% YoY jump** in Q3 net profit. * **Adani Ports:** Climbed **+9.2%** to **â¹1,532**, hitting a fresh intraday high of â¹1,537. * **Adani Power:** Advanced **+7.4%** to **â¹144.50**, driven by renewed sentiment in the energy sector. * **Adani Energy Solutions:** Rose over **7%**, reflecting wider investor confidence. **Drivers Behind the Rally** **1. US-India Trade Pact:** President Trump announced an immediate reduction in reciprocal tariffs on Indian goods from **25% to 18%**. The deal removes a months-long overhang on Indian equities and is expected to significantly boost export volumes for infrastructure and logistics majors like Adani Ports. **2. Flagship Earnings Beat:** Adani Enterprises reported a massive rise in Q3 net profit to **â¹5,726 crore** (up from â¹228 crore YoY), aided by exceptional gains and an **8.6%** increase in operational revenue. **Broader Market Context:** The trade deal sparked a frantic rally across Indian indices, with the **Nifty 50** jumping nearly **4.8%** intraday before stabilizing. Sectors with high export exposureâinfrastructure, textiles, and renewable energyâremained the day's biggest beneficiaries.
Waaree Energies, Premier Energies Shares Gain up to 12% Amid India-US Trade Deal Sentiment
**MARKET BRIEF: US-INDIA TRADE DEAL & RENEWABLES RALLY** **The Headline: Tariffs Slashed to 18%** A massive shift in trade dynamics was confirmed this week as the US and India finalized a landmark trade agreement. The core development is a sharp reduction in tariffs on Indian exports to the US, dropping from a combined effective rate of **50%** down to **18%**. This **32%** reduction is effective immediately and serves as a direct catalyst for Indian manufacturers, particularly in the renewable energy space. The previous **50%** burdenâcomprising standard duties and punitive leviesâhad severely dampened export margins. The new **18%** rate not only removes this bottleneck but strategically positions Indian exporters ahead of regional competitors like Vietnam and Indonesia, which face tariffs in the **19-20%** range. **Market Reaction: Solar Majors Surge** The equity markets responded instantly to the tariff cut, with renewable energy stocks witnessing heavy buying interest. **Waaree Energies** emerged as the primary beneficiary. The stock surged approximately **13%** in intraday trading, scaling levels around **â¹3,175**. The rally is underpinned by Waareeâs heavy export dependence; data indicates that nearly **59%** of its **25 GW** order book is tied to overseas markets, predominantly the US. The tariff cut directly expands its margin potential and price competitiveness in the American market. **Premier Energies** also saw robust momentum, jumping over **9%** to trade near **â¹808**. The company, a key player in the solar cell and module ecosystem, stands to gain significantly as US buyers diversify supply chains away from China. Trading volumes for both counters spiked, reflecting strong institutional conviction in the structural improvement of their earnings visibility. **Strategic Implications** The deal is not just a tax cut; it is a structural reset. By capping tariffs at **18%**, Indian solar modules are now cost-competitive against Southeast Asian supplies, which have traditionally dominated US imports due to lower duties. Analysts from firms like Jefferies and Motilal Oswal have highlighted this as a "clearing event" for the sector. The removal of the trade overhang eliminates a major risk factor that had kept foreign investor sentiment cautious. The agreement also reportedly involves commitments for India to increase purchases of US energy and technology, potentially totaling **$500 billion**, creating a bilateral trade balance that supports long-term stability. **Sector Outlook** The renewable energy sector is now poised for a re-rating. The previous "high tariff" regime forced Indian companies to absorb costs or lose market share. The new regime allows them to price aggressively while retaining healthy margins. Market observers note that this development accelerates the "China Plus One" narrative. With the US imposing stricter barriers on Chinese and certain Southeast Asian entities, Indiaâs **18%** tariff tier makes it a preferred \"friendly shore\" for solar sourcing. **Key Figures at a Glance** **Old Tariff Load:** ~50% **New Tariff Rate:** 18% **Waaree Energies Move:** +13% (approx.) **Premier Energies Move:** +9% (approx.) **Competitor Tariff (SE Asia):** ~19-20% **Summary** The immediate slashing of tariffs unlocks substantial value for export-oriented Indian manufacturers. Waaree Energies and Premier Energies have already priced in the initial optimism, but the longer-term thesis rests on sustained volume growth in the US market. The deal effectively transforms the US from a high-barrier market into a high-growth opportunity for India's green energy giants.
Aditya Birla Housing Finance Raises Rs 2,750 Crore from Advent International
**MARKET BRIEF: ADITYA BIRLA HOUSING FINANCE SECURES MAJOR PE BACKING** **Strategic Capital Infusion** Aditya Birla Housing Finance (ABHFL) has secured **Rs 2,750 crore** in primary capital from Indriya Limited, an entity of private equity major Advent International. The board-approved transaction values ABHFL at **Rs 19,250 crore** on a post-money basis. Upon completion, Aditya Birla Capital (ABCL) will retain a controlling **85.7%** stake, while Advent will acquire approximately **14.3%** ownership in the housing finance subsidiary. **Operational Scale & Asset Quality** The funding comes as ABHFL demonstrates aggressive expansion, with Assets Under Management (AUM) reaching **Rs 42,204 crore** as of December 31, 2025. The company has delivered a Compound Annual Growth Rate (CAGR) of **48%** over the last three years. Asset quality remains robust, with a Gross Stage 3 ratio of **0.54%** and a Net Stage 3 ratio of **0.23%**, positioning it among the top three players in incremental loan book growth. **Parent Company Performance** The deal announcement coincides with strong Q3 FY26 earnings for the parent entity, Aditya Birla Capital. ABCL reported a **41%** year-on-year surge in consolidated net profit to **Rs 983 crore**, while revenue climbed **30%** to **Rs 14,181 crore**. The total lending portfolio (NBFC and Housing Finance) expanded **30%** annually to stand at **Rs 1,90,386 crore**. Following these developments, ABCL shares witnessed strong buying interest, trading significantly higher with gains around **4-5%**. **Sector Tailwinds** The investment aligns with a defining inflection point in Indiaâs housing sector. Demand is being driven by structural policy initiatives like the *Pradhan Mantri Awas Yojana* (PMAY), a renewed push for affordable urban housing, and expanding infrastructure in Tier-2 and Tier-3 cities. The capital will be utilized to sustain growth momentum, deepen market penetration, and capitalize on the rising credit demand across prime and affordable segments.
Bajaj Finance, Adani Ports Among 111 Firms to Report Q3 Earnings Today
**MARKET BRIEF: BAJJAJ FINANCE Q3 FY26 PREVIEW** **Market Pulse & Stock Action** As of Tuesday, February 3, 2026, Bajaj Finance shares are witnessing robust buying interest, trading up approximately **6.7%** at **â¹964**. The surge comes ahead of the company's Q3 FY26 earnings announcement scheduled for today. Investor sentiment appears buoyant, likely influenced by the strong performance of its subsidiary, Bajaj Housing Finance, which recently reported a **21%** rise in quarterly net profit. **Earnings Expectations: Strong Double-Digit Growth** Analysts forecast a solid quarter for the non-banking financial lender, projecting steady top-line and bottom-line expansion: * **Net Interest Income (NII):** Expected to grow by **17â21%** year-on-year, ranging between **â¹10,988 crore** and **â¹11,150 crore**. * **Profit After Tax (PAT):** Anticipated to rise by **17â21%**, with estimates placing the figure between **â¹4,980 crore** and **â¹5,150 crore**. **Key Operational Drivers** The projected financial growth is underpinned by consistent operational momentum reported in the company's quarterly business update: * **AUM Expansion:** Assets Under Management (AUM) are estimated to have grown **22%** year-on-year, crossing **â¹4.85 lakh crore**. * **Loan Book Velocity:** New loans booked during the quarter rose **15%** to approximately **1.39 crore**. * **Customer Franchise:** The total customer base has expanded to over **115 million**, reflecting sustained demand across consumer and lending segments. **Strategic Watchlist** While the headline numbers are expected to be strong, market participants will closely monitor management commentary on **credit costs** and **asset quality**. Analysts expect credit costs to show gradual improvement, stabilizing around **1.95%** compared to the 2%+ range seen in previous quarters. Margins are projected to remain largely stable, supported by optimized borrowing costs despite a competitive lending environment. **Subsidiary Support** The positive earnings season kickoff by **Bajaj Housing Finance**âwhich posted a Q3 net profit of **â¹665 crore** and AUM growth of **23%**âhas set a constructive precedent for the parent company's consolidated results. ***
Gold Records Largest Daily Gain Since 2008 Following Selloff
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11 Stocks Cross Above 200 DMA
**MARKET BRIEF: Nifty 500 Momentum & Trade Deal Rally** **Date:** February 3, 2026 **Market Overview** Indian equity markets witnessed a sharp resurgence following the conclusion of the **India-US trade deal**, which reduced US tariffs on Indian exports to **18%**. This macro catalyst fueled a broad-based rally, pushing the Nifty 50 above **25,700** intraday on February 3, up nearly **3%**. Sentiment has shifted decisively from post-budget caution to renewed optimism, with analysts projecting the Nifty could target **30,000** by year-end. **Technical Breakouts (Nifty 500)** Data from February 2 signaled an early improving trend, where **19 Nifty 500 stocks** triggered fresh breakouts, closing above their 200-day moving average (200-DMA). Of these, **11 stocks** surged more than **3%**, confirming strong accumulation by institutional buyers before the broader trade deal announcement. **Key Stock Movers** * **Mahindra & Mahindra (M&M):** Continuing its bullish run, the stock traded near **â¹3,530** on February 3, building on a **3%** gain from the previous session. Momentum is supported by robust Q3 earnings and renewed buying in the auto sector. * **Polycab India:** After closing strong at **â¹7,036** on February 2, the stock consolidated gains around **â¹6,890**. The wires and cables manufacturer remains a key beneficiary of the infrastructure push, maintaining its trajectory well above long-term support levels. * **Petronet LNG:** The stock advanced over **2.5%** intraday to **â¹297**, driven by a new **15-year contract with ONGC** and positive sector headwinds. The breakout above its 200-DMA at **â¹288** is now solidified by heavy trading volumes. **Sector Watch** Export-oriented sectorsâspecifically **Textiles, Gems & Jewellery, and Engineering**âare seeing immediate repricing due to the tariff reduction. The **Nifty Oil & Gas** and **Auto** indices are currently leading the sectoral performance charts.
LTIMindtree Stock Price and Performance Overview
**Global Markets Rally: India-US Trade Pact Sparks Buying Frenzy** Global equities are surging today, led by a massive rally in Indian indices following the historic **India-US Trade Deal**. Market sentiment has turned decisively bullish as tariffs on Indian exports to the US are set to be slashed from **25%** to **18%**, fueling optimism across banking, infrastructure, and export-heavy sectors. **Indian Markets: Historic Surge** Indian benchmarks are witnessing one of their strongest sessions in recent months. The **BSE Sensex** skyrocketed over **2,170 points** (+2.66%) to trade near **83,840**, while the **Nifty 50** reclaimed key levels, soaring to **25,755** (+2.66%). * **Top Gainers:** The Adani Group is leading the charge, with **Adani Enterprises** up **10.47%** and **Adani Ports** jumping **9%** on strong earnings and trade optimism. * **Sector Watch:** Banking and Energy indices are outperforming. **HDFC Bank** and **Reliance Industries** fueled the rally, gaining **2.3%** and **3.7%** respectively. * **Rupee:** The domestic currency strengthened significantly, trading around **90.30** against the dollar, bolstered by foreign inflow expectations. **Global Sentiment & US Futures** US stock futures are flashing green, with the **Dow Jones** futures up **1.06%** to **49,433**. European markets also hit record highs at the open, reacting positively to stabilizing commodity markets and the new trade dynamics. The focus now shifts to upcoming US corporate earnings to sustain this momentum. **Commodities: Precious Metals Shine** Precious metals are seeing renewed interest. **Gold** has surged to approximately **$4,829** per ounce, driven by central bank buying and inflation hedging. **Silver** is outperforming with a sharp **4.97%** jump to **$83.24**. Conversely, crude oil remains muted, with **Brent Crude** trading lower at **$65.98** per barrel as supply concerns ease. **Crypto: Bitcoin Under Pressure** In stark contrast to equities, the crypto market is facing heavy selling pressure. **Bitcoin** has slipped below key support levels, trading around **$76,830**. High leverage and profit-taking have triggered over **$2.1 billion** in liquidations across the sector over the last week, pushing market sentiment into "Extreme Fear."
Tech Mahindra Share Price: Live Market Updates
**GLOBAL MARKET BRIEF: TRADE DEAL IGNITES RALLY** **Global Equities Surge on Historic US-India Pact** Markets witnessed a massive relief rally Tuesday following the announcement of a landmark **US-India trade deal**. US President Donald Trump and PM Narendra Modi agreed to slash reciprocal tariffs on Indian exports from **50% to 18%**, removing a major overhang for emerging markets. * **Sensex:** Skyrocketed over **2,300 points** (+2.8%) to breach the **83,900** mark. * **Nifty 50:** Reclaimed **25,800**, led by export-heavy sectors. * **US Indices:** The Dow Jones Industrial Average jumped **515 points** (+1.05%) to **49,407**, while the S&P 500 rose **0.54%** to **6,976**. **Sector & Currency Impact** The tariff cut sparked a buying frenzy in **Banking, IT, and Textiles**, with stocks like **Adani Enterprises** (+11%) and **Bajaj Finance** (+6%) posting sharp gains. * **Rupee:** Staged a strong recovery, appreciating **~1%** to trade at **90.30** against the dollar. * **Commodities:** Gold prices saw a dramatic reversal, spiking **5.6%** to **$4,920** globally, reclaiming the **â¹1.53 Lakh** level in India. Silver surged over **10%**. **Crypto Market Decouples** While equities boomed, digital assets faced selling pressure as capital rotated back into traditional risk assets. * **Bitcoin:** Dipped below **$77,000**, extending recent volatility. * **Ethereum:** Tumbled over **6%**, reflecting a temporary "risk-off" sentiment in the crypto space. **Key Economic Watchlist** Investors are now focused on the upcoming **RBI Interest Rate Decision** this Friday. Strong manufacturing PMI data (**55.4**) continues to signal robust economic expansion despite global headwinds. **Video: India-US Trade Deal Impact** [India-US Trade Deal Impact: Which Sectors and Stocks Will Benefit Most?](https://www.youtube.com/watch?v=fZX3OQFuTe4) This video provides an expert analysis of the specific sectors and stocks likely to gain the most from the new tariff reductions. http://googleusercontent.com/youtube_content/0
**Maruti Suzuki Share Price and Returns Overview**
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SBI Life Share Price: Live Market Update
**Global & Domestic Market Brief: Historic US-India Deal Sparks Rally** **February 3, 2026** **India Leads Global Surge on Trade Pact** Indian equity markets witnessed a historic rally today following the announcement of a landmark trade deal between the US and India. The **Nifty 50** soared over **723 points** (+2.88%) to trade above **25,800**, while the **Sensex** surged **2,300 points** (+2.82%) to cross **83,970**. Sentiment was ignited by US President Donald Trumpâs decision to slash tariffs on Indian goods from **50% to 18%**, a move described by analysts as a "game changer" for Indian exports and corporate earnings. **Sectoral Highlights** Buying was widespread, with **Banking, IT, and Metal** stocks leading the charge. Large-cap heavyweights like **Axis Bank** and **Adani Ports** posted significant gains, supported by strong quarterly results and the favorable trade outlook. The mid-cap and small-cap indices also participated in the rally, reflecting broad-based optimism about India's economic growth trajectory, now projected to accelerate to **7.5%** in FY27. **US & Global Equities** US markets closed higher in the previous session, with the **Dow Jones** up **1.05%** and the **S&P 500** gaining **0.54%** to reach **6,976**. The positive momentum was driven by easing trade tensions and resilience in the tech sector, particularly AI and semiconductor stocks. The "risk-on" sentiment has rippled across Asian markets, with Japan's **Nikkei 225** jumping nearly **3.9%**. **Commodities: Oil Softens, Gold Corrects** Energy prices retreated as geopolitical tensions eased following renewed talks between the US and Iran. **Brent Crude** slipped to **$65.56** per barrel, and **WTI** fell below **$62**, providing further relief to oil-importing economies like India. Conversely, precious metals faced heavy selling pressure; **Gold** prices corrected sharply, trading around **$4,934** per ounce, as capital rotated back into high-growth equities. **Crypto Markets Under Pressure** In contrast to traditional assets, the cryptocurrency market remains in a bearish zone. **Bitcoin** slumped below **$75,000**, marking its lowest level since April 2025. The digital asset has shed approximately **40%** from its peak, weighed down by a lack of institutional momentum and a flight to safety amidst earlier geopolitical uncertainties. *** **Market Outlook** Investors will closely monitor the implementation details of the US-India trade pact and upcoming Federal Reserve commentary. While the equity trend remains strongly bullish, volatility in commodities and crypto suggests a divergent market environment where stock selection remains key.