Hindustan Copper shares: A sharp 3.4% drop in global copper prices on the LME has dampened sentiment across metal stocks, raising concerns about near-term impact on the company’s performance.
As India braces for its Union Budget, market participants are keenly observing policy measures to curb capital outflows and boost investor confidence. Edelweiss Mutual Fund CEO Radhika Gupta expressed caution, highlighting global uncertainties and tariff threats. She anticipates a focus on capital expenditure in defence, infrastructure, and manufacturing, alongside job creation and technology sectors.
As Finance Minister Nirmala Sitharaman presents the Union Budget 2026, top brokerages have flagged 11 technical stock picks amid expectations of easing volatility. Analysts from Geojit Investments, Axis Direct, and MarketSmith India highlight opportunities across sectors, including BSE, TVS Motor, Ashok Leyland, and Bharat Electronics.
Indian stocks saw mixed trading ahead of the federal budget. Investors watched for signals on public spending and support for export sectors. Metal stocks faced selling pressure. Experts anticipate a growth-oriented budget with potential focus on exports and defense. Global markets experienced declines. FIIs were net buyers while DIIs were net sellers.
Gold and silver extended their steep selloff on MCX, with futures sliding 6% and gold ETFs crashing up to 16% as a surging US dollar and profit-taking hit sentiment. In the previous session, silver plunged as much as 27% (Rs 1,07,968), marking its biggest single-day crash ever and pulling prices back below the Rs 3 lakh mark—just a day after the metal had surged to a record high of Rs 4 lakh.
Bank of Baroda reported a 4.39% rise in Q4 net profit to Rs 5,443 crore, driven by reduced provisions. Despite a 15% loan growth, net interest income saw minimal growth due to margin compression. The bank anticipates exceeding its FY26 loan growth target and aims to improve its Net Interest Margin.
Market expert Sandip Sabharwal anticipates the upcoming Union Budget will maintain the status quo, with no major reform surprises due to geopolitical uncertainties and foreign fund outflows. He stresses the urgent need to address FPI outflows and tax-related concerns to restore investor confidence and financial stability.
IFCI shares may draw attention in the special Budget session after SEBI granted clearance for NSE’s long-awaited IPO. IFCI holds indirect exposure through its majority stake in SHCIL, which owns shares in NSE, making the stock sensitive to developments around the exchange’s proposed listing and investor sentiment closely.
Bitcoin experienced a significant decline, falling 6.53% to $78,719.63 on Saturday, continuing its downward trend. This drop follows concerns that a potential new Fed chair might tighten liquidity, impacting speculative assets like cryptocurrencies. Ether also saw a substantial fall, reflecting broader struggles in the crypto market.
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