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2025-02-02 06:53:34| The Economic Times

PSU stocks dropped over 9% on Budget Day, with the BSE PSU index falling 2.7%. Investors were disappointed by a lower-than-expected capital expenditure allocation of Rs 11.2 lakh crore. Key sectors like defense, railway, and power saw declines, with defense PSUs and railway stocks losing up to 4%. The budget's flat allocations led to investor disappointment.


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2025-02-02 06:44:31| The Economic Times

This week, 748 companies will announce quarterly earnings, with key results expected from Asian Paints, Titan, Airtel, SBI, M&M, ITC, and LIC. Sector highlights include Power Grid, Divi's Labs, Tata Power, and Bharti Airtel, among others. Notable earnings announcements span from February 3 to February 8, indicating a busy week for the markets.


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2025-02-02 06:39:17| The Economic Times

Nifty closed at 23,482, snapping a four-day winning streak post-Union Budget 2025-26. The budget emphasized middle-class tax relief and fiscal consolidation. Key support for Nifty lies at 23,250-23,200, with resistance at 23,650. Sectors like FMCG, Auto, and Private Banks are poised for growth. FIIs continue to exit, but historical trends suggest a potential rebound.


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