RIL informed exchanges on Saturday that its arm Reliance Consumer Products (RCPL) has acquired a majority stake in the Australian ‘Better-For-You’ beverage firm.
Vijayakumar said a positive market trigger in the form of an MPC rate cut is unlikely today because the MPC is expected to keep rates unchanged.
Nifty futures on the NSE International Exchange traded 95.50 points, or 0.37 per cent, up at 25,628.50, hinting at a weak start for the domestic market on Friday.
Nifty futures on the NSE International Exchange traded 30.30 points, or 0.12 per cent, up at 25,818.50, hinting at a weak start for the domestic market on Thursday.
A total of 31 Nifty companies that have declared results so far reported 7 per cent YoY growth in earnings, driven by HDFC Bank, Tata Consultancy TCS, Infosys, Larsen & Toubro (L&T), and Maruti Suzuki India.
Nifty futures on the NSE International Exchange traded 24.60 points, or 0.10 per cent, up at 25,792.50, hinting at a muted start for the domestic market on Wednesday.
In Business Today's market update, anchor Shailendra Bhatnagar highlights the explosive rally on D-Street following the overnight India-US trade deal announcement. Nifty surges 675 points, Bank Nifty +1,500; realty and auto sectors gain 3-5%+, with broad advances and strong volume. Guest Amit Goel (Co-founder, Pace360 PMS), previously cautious on equities, shifts bullish short-term. He calls the US deal (tariffs down to 18%) + recent EU FTA major tailwinds, ending 18-month underperformance vs. Korea, China, Japan. Combined with GST relief benefits flowing into Q4, he sees a "sweet spot" rally through April/May, with mean reversion favoring India. Strategy: Currently 20% equity; plans to add to 40-50% on dips till mid-March (Nifty Next 50, private banks, defense, select export plays like seafood/textiles, chemicals/pharma). Favors large caps over mid/small caps. Avoids overvalued micro/small caps and commodities after precious metals bubble peak (expects gold/silver relief rally to $52-54k/$100). Long-term outlook cautious (US recession risk), but tactical bullish now.
In Business Today's Market Commentary, Shailendra Bhatnagar discusses the explosive rally following the late-night US-India trade deal announcement on February 2, 2026. US President Donald Trump and PM Narendra Modi confirmed a pact slashing US tariffs on Indian exports from 50% (25% reciprocal + 25% punitive for Russian oil buys) to 18% effective immediately, in exchange for India halting Russian oil imports and boosting US purchases (energy, agriculture, tech). Devan Choksi (MD, Dr Choksi Finserv) views it as a landmark $500B bilateral deal, building on recent FTAs (EU, UAE, etc.), positioning India for $1T exports. He ties it to Budget 2026's 20-22 year tax holiday for data centers, rare earth corridors, semiconductors, and GCC incentives (safe harbor rates), fueling AI/digital economy growth from $400B to $2T in a decade. Market surge: Nifty up ~700 points, Bank Nifty +1,500; realty/auto sectors +3-5%. Key beneficiaries: IT/GCCs (AI integration, large orders), chemicals (3 zones for global standards), textiles (parks, competitive tariffs vs. China/Vietnam), auto ancillaries (ADAS, exports), power/renewables (data center ecosystem, green hydrogen). Long-term: manufacturing revival, lower power costs, multi-bagger potential in construction/real estate. Optimistic outlook-wait for clarity on fine print.
Markets closed sharply higher on Monday, with benchmarks recouping a large part of the losses from the special Sunday session, as investors digested the Union Budget’s impact on markets and capital flows. The rebound came despite higher transaction taxes on derivatives and the lack of fresh foreign investment incentives. The Sensex surged 943 points to close at 81,666, while the Nifty 50 gained 262 points to end at 25,088. The Nifty Bank rose 201 points to 58,619. Sectoral buying was led by oil & gas, auto, FMCG, metal and realty stocks. Heavyweights such as Power Grid, Tata Motors Passenger Vehicles, Adani Ports, Tata Consumer, BEL and Reliance Industries featured among the top gainers on the Nifty, supporting the broader market recovery.
Nifty futures on the NSE International Exchange traded 1,102.70 points, or 4.39 per cent, up at 26,244.50, hinting at a gap-up start for the domestic market on Tuesday.
Nifty futures on the NSE International Exchange traded 10 points, or 0.04 per cent, up at 24,863.50, hinting at a flat start for the domestic market on Monday.





