Indian inventory market: Indian markets ended the particular Price range Day buying and selling session on February 1 with minimal change, as traders reacted unfavorably to the capital expenditure numbers within the Union Price range 2025. The finances revealed a 9% year-on-year enhance in capex for FY26, which didn’t meet market expectations. Economists had anticipated a better allocation on account of considerations about India’s weakening economic system.
The Nifty 50 ended barely decrease by 0.11% at 23,482, whereas the Sensex remained practically unchanged at 77,505. The Nifty Smallcap 100 index edged up 0.12% to 16,560, whereas the Nifty Midcap 100 index declined 0.42%, closing at 53,486. In the meantime, the Nifty Smallcap 100 index managed to remain optimistic, rising 0.41% to settle at 16,979.
The Nifty FMCG index closed the session with a 3% acquire, whereas the Nifty Shopper Durables and Nifty Auto indices additionally superior, rising by 3% and 1.2%, respectively.
“General, Indian inventory market bias is cautious because the Nifty 50 index is round 23,500. The 50- inventory index has essential assist at 23,300. So , one ought to keep gentle place and watch for a decisive break of 24,000. Therefore, I counsel traders to keep up stock-specific strategy and take a look at these shares which can be trying robust on the technical chart,” stated Sumeet Bagadia, Government Director at Selection Broking.
The inventory market knowledgeable has beneficial three shares to purchase below ₹100 to purchase on Monday, February 3 – Khaitan (India) Ltd, Maral Abroad Ltd and Jamna Auto.
Shares to purchase
- Khaitan (India): Purchase at ₹98.50 | Cease Loss: ₹93.50 | Goal Value: ₹90
2. Maral Abroad: Purchase at ₹82.25 | Cease Loss: ₹78 | Goal Value: ₹90
3. Jamna Auto: Purchase at ₹93.40 | Cease Loss: ₹88.50 | Goal Value: ₹103
Disclaimer: The views and proposals supplied on this evaluation are these of particular person analysts or broking firms, not Mint. We strongly advise traders to seek the advice of with licensed consultants earlier than making any funding selections, as market circumstances can change quickly and particular person circumstances might differ.
