Power Grid shares rose sharply, extending their two-day rally after the PSU raised its FY26 capex and capitalisation guidance. Strong Q3 results, higher government investment plans, and bullish technical indicators have boosted investor sentiment, with the stock trading above key moving averages and showing further upside potential.
As of February 2, 2026, 19 Nifty500 stocks closed above their 200-day moving average. Eleven top performers gained more than 3%, signalling strong uptrends. Stocks such as Mahindra & Mahindra, Polycab India, and Petronet LNG are showing positive momentum, highlighting potential buying opportunities for traders following technical indicators and market trends.
Gold and silver prices saw a significant drop, wiping out trillions. However, experts say the gold bull market is still strong. This sharp fall is seen as a temporary reset due to high leverage. Analysts expect prices to rise again. Silver, however, needs more price correction before it becomes attractive for long-term investment.
Bajaj Finance is poised for a strong Q3FY26 earnings report. Analysts anticipate robust growth in net interest income and profit after tax. This performance is expected to be fueled by consistent loan book expansion and stable profit margins. Credit costs are also projected to see a gradual improvement.
Budget 2026-27 aims to accelerate economic growth while balancing fiscal prudence. Key highlights include a rise in STT, TCS relief for travellers, Rs 12.2 lakh crore Capex, incentives for IT, semiconductor, and BioPharma sectors, and a focus on digital and physical infrastructure. The budget supports markets, growth, and sectoral expansion.
Indian shrimp companies are set for strong buying after a trade deal with the US. Tariffs on Indian exports to the US have been cut to 18% from 50%. This move removes a major concern for foreign investors. The agreement is expected to boost Indian markets and unlock opportunities for cooperation between the two nations.
On Tuesday, oil prices held steady amid positive developments regarding U.S.-Iran relations, which are invigorating market sentiments. The strength of the U.S. dollar adds an additional layer to this stability. In an important diplomatic shift, India has announced a new trade deal with the U.S.
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