Indian stock markets anticipate a positive opening today. Investors await the federal budget presentation for insights into government spending and support for export sectors. The budget aims to balance growth initiatives with fiscal discipline. Expectations are for measures to boost domestic manufacturing and rural demand. This could provide a much-needed boost to equities after a challenging start to the year.
Markets slipped on Friday as investors turned defensive ahead of Sunday’s Union Budget, with IT and metal stocks weighing on sentiment. Analysts highlighted persistent volatility amid global uncertainties, Fed leadership changes and FII pressure. With key levels holding firm, traders now await Budget cues to determine the market’s next decisive move.
Gold and silver are stabilising after their worst-ever single-day crash on MCX, with traders bracing for fresh volatility as the Union Budget approaches. Analysts say the correction reflects a leverage washout, not a trend reversal, with key support zones likely to guide the next leg of the precious metals rally.
Sun Pharma announced strong third quarter results. Sales rose 15% to Rs 15,469 crore and net profit climbed 16% to Rs 3,368 crore. Growth was fueled by its branded businesses in India and emerging markets, along with global innovative medicines. The company also declared an interim dividend.
IDFC First Bank posted a strong Q3FY26 performance with net profit rising 48% to Rs 503 crore and NII up 12% year-on-year. Asset quality improved with lower gross NPAs, while loan growth remained broad-based. The bank saw steady momentum in credit cards and wealth management, supported by easing provisions.
India’s export strategy is shifting beyond its dependence on the US, with fresh FTAs across Europe, the UK, Middle East and Oceania. The EU deal alone opens tariff-free access for 99% of Indian goods. This diversification strengthens India’s trade resilience and reduces vulnerabilities tied to geopolitical uncertainty.
Nifty ended the week with modest gains as markets stayed range-bound ahead of the Union Budget. The index defended key moving averages and hovered near a crucial trendline. With resistance at 25,500 and support at 24,750–24,900, traders should stay cautious and focus on stock-specific setups until post-Budget clarity emerges.
Historical data from the past 15 years shows that pre-Budget corrections in the Sensex and Nifty often set the stage for post-Budget rebounds. Large-cap indices recover quickly, while midcaps and smallcaps show gradual gains. Budget 2026 is expected to focus on fiscal prudence, infrastructure, MSMEs, and growth support amid global headwinds.
The India-EU Free Trade Agreement offers significant preferential market access, boosting Indian industries like Capital Goods, Engineering, Metals, and IT. While some sectors see neutral impacts, smaller labour-intensive segments and defense stand to gain from duty elimination and expanded export horizons. This pact reconfigures competitive structures, fostering export growth and value-chain participation.
Market expert Sunil Subramaniam anticipates Budget 2026 could be a positive trigger amid weak equity sentiment, driven by reform-led optimism. He suggests AI-focused initiatives and support for private capex, including expanding PLI schemes and public sector bank financing, could attract foreign capital and boost the economy.
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