Oil prices held near six-month highs Friday, nudged by lingering U.S.-Iran tensions, though gains paused amid prospects of dialogue and a potential ceasefire. While U.S. sanctions were issued, a stronger dollar and rising crude output also pressured prices. Analysts anticipate prices to hover around $60 this year, balancing oversupply fears with geopolitical risks.
As Budget 2026 approaches, analysts expect a low-impact event for equities amid muted expectations. With Nifty already down sharply in January, a non-event Budget may help stabilise sentiment rather than trigger volatility in a cautious, range-bound market.
Indian stock markets NSE and BSE, along with MCX and NCDEX, will remain open on Sunday, February 1, for Budget 2026. Investors can trade during live sessions as the Finance Minister presents the Budget, enabling real-time market reaction amid cautious sentiment and muted expectations.
American Express forecast annual profit largely above Wall Street expectations on Friday, underscoring resilient spending by its young and affluent customers, but a small miss on holiday-quarter profit weighed on its shares.
Investors holding physical securities can now breathe easy. Sebi has opened a special one-year window, from February 5, 2026, to February 4, 2027, allowing them to transfer and dematerialise shares that faced procedural or documentation issues before the April 2019 mandate. This initiative aims to resolve long-standing grievances and grant rightful access to these assets.
U.S. stocks opened lower on Friday after President Donald Trump nominated former Federal Reserve Governor Kevin Warsh to head the U.S. central bank, as traders mulled over the monetary policy path under the new Fed leadership.
Odds of a partial U.S. government shutdown rose on Friday after new barriers emerged in the Senate to a deal that would ensure funding for agency operations would not be interrupted.
NTPC posted over 8% growth in December-quarter profit on modest revenue gains and lower expenses, with sequential improvement in earnings. The state-run power major also declared a second interim dividend for FY26.
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