Indian Stock Market News Tomorrow: Nifty 50 & Sensex Levels for Feb 3

Get the latest Indian Stock Market News Tomorrow. Will Nifty 50 hold 25,000? Analyze Budget 2026 impact, RBI policy cues, and top stocks in focus tomorrow.

By Trending News Fox Editorial Team Published: February 2, 2026 | 8:10 PM IST

Indian Stock Market News Tomorrow: Nifty, Sensex Eye Recovery Post-Budget Volatility

The Indian stock market is currently navigating a high-voltage environment following the presentation of the Union Budget 2026. As traders and investors prepare for the session on Tuesday, February 3, 2026, the focus remains on whether the market can sustain its recovery gains or if the “Budget Blues”—triggered by the surprise hike in Securities Transaction Tax (STT)—will continue to exert downward pressure.

After a tumultuous Sunday special session and a corrective Monday, the Nifty 50 and Sensex are at a critical technical juncture. In this comprehensive outlook, we break down the key triggers, technical levels, and sectoral plays that will define the market action tomorrow.

Market Sentiment: Balancing Growth with Taxation

The primary narrative for tomorrow’s trade is the tug-of-war between the government’s massive ₹12.22 lakh crore Capex outlay and the immediate friction caused by increased transaction costs in the derivatives segment.

On February 1, Finance Minister Nirmala Sitharaman proposed raising the STT on Futures to 0.05% (from 0.02%) and on Options to 0.15%. This move initially spooked the market, leading to a nearly 2% crash in a single day. However, Monday’s trade saw a “measured rebound” as value buying emerged in large-cap names, suggesting that the long-term growth story of “Viksit Bharat” is attempting to outweigh short-term tax concerns.

Indian Stock Market News Tomorrow: Key Global and Domestic Triggers for Feb 3

• RBI MPC Meeting Countdown: The Reserve Bank of India’s Monetary Policy Committee begins its meeting on February 4. Markets will be jittery tomorrow in anticipation of the commentary on inflation and the repo rate (currently at 5.25%).
• Corporate Earnings (Q3 FY26): A packed earnings calendar features heavyweights like Adani Enterprises, Bharti Airtel, and State Bank of India (SBI). Any surprises here could trigger sharp stock-specific movements.
• Foreign Institutional Investors (FIIs): Institutional flows remain fragile. FIIs have been net sellers recently, and their activity tomorrow will be a litmus test for global confidence in the post-Budget landscape.

Technical Outlook: Nifty 50 and Bank Nifty Levels

The technical structure of the market has shifted from “Buy on Dips” to “Sell on Rises” in the immediate short term. Here are the levels to watch for tomorrow:

Indian Stock Market News Tomorrow: Nifty 50 Prediction

The Nifty 50 managed to reclaim the 25,000 mark on Monday, but it faces a “supply wall” at higher levels.

Indian Stock Market News Tomorrow: Bank Nifty Outlook

Bank Nifty has been a laggard, weighed down by PSU banks like SBI despite resilience from ICICI Bank.

• Support: 58,000 (100-day DMA) is the most critical support. A breach here could open the gates for 57,000.
• Resistance: 58,700 and 59,400 are the immediate hurdles.

Indian Stock Market News Tomorrow: Stocks to Watch Tomorrow

Based on the Budget allocations and technical setups, these stocks are likely to see high volume and volatility tomorrow:

1. Defence Heavyweights: BEL and HAL

With an 18% hike in Defence Capex, Bharat Electronics (BEL) and Hindustan Aeronautics (HAL) remain the top picks. Tomorrow, watch for continued momentum as the market prices in the “Atmanirbhar Bharat” push for indigenous jet engines and drone technology.

2. The “Sin Tax” Impact: ITC Ltd

ITC saw volatility following the tobacco tax restructuring. Analysts are watching if the company’s pricing power can absorb the excise duty adjustments. If the stock sustains above its 200-day EMA, it could see a fresh leg of recovery.

3. Biopharma Winners: Cipla and Max Health

The ₹10,000 crore Biopharma Shakti initiative is a game-changer. While these stocks saw some profit booking on Monday, they remain structurally strong for tomorrow’s session.

4. Infrastructure & Railways: L&T and RVNL

The massive ₹12.22 lakh crore infrastructure budget directly benefits Larsen & Toubro (L&T) and Rail Vikas Nigam Limited (RVNL). These stocks often lead the recovery after a post-budget dip.

Sectoral Analysis: Winners and Losers

The Union Budget 2026 has clearly demarcated the market into specific zones:

• The Winners:
  • Semiconductors & Electronics: Massive outlays for “ISM 2.0” and the Electronics Components Manufacturing Scheme (₹40,000 crore) favor stocks like Dixon Technologies.
  • Renewable Energy: Focus on green hydrogen and solar remains a tailwind.
  • Textiles: The modernization of conventional clusters is a boost for Raymond and KPR Mill.
• The Losers:
  • Brokerages & Exchanges: The STT hike is a direct hit to the revenue models of BSE Ltd, Angel One, and Groww. Expect these to remain under pressure tomorrow.
  • Metals: High volatility in global commodity prices and lack of massive duty relief may keep the metal index subdued.

Indian Stock Market News Tomorrow: Pro Strategy for Tomorrow’s Trade

For retail investors and intraday traders, the “Trending News Fox” expert panel suggests a cautious but opportunistic approach for February 3:

1. Avoid Aggressive Bottom Fishing: Wait for the Nifty to stabilize above 25,150 before taking heavy long positions.
2. Hedge with Puts: Given the rise in India VIX (now near 15.10), hedging your portfolio with put options is a prudent move against sudden spikes in volatility.
3. Focus on Cash Market: The STT hike affects derivatives; we may see a shift in liquidity toward high-quality cash market stocks (Midcaps and Large-caps) with strong earnings visibility.

Note: The “Max Pain” for the February 3 options series is currently placed near 25,300. This suggests that the index might gravitate toward this level as we approach the weekly expiry.

Indian Stock Market News Tomorrow: Conclusion

Tomorrow’s market action will be about stabilization. While the “shock” of the STT hike is being digested, the underlying strength of the Indian economy—bolstered by fiscal discipline and infrastructure spending—is expected to provide a floor to the indices. Keep a close eye on the pre-market session at 9:00 AM IST; a gap-up opening above 25,100 could signal that the bulls are back in the driver’s seat.

Stay tuned to Trending News Fox for real-time updates and breaking news throughout the trading day.

Stock Market News Tomorrow (Feb 3): Nifty Eyeing 25,200 Reclaim; RBI Policy in Focus

The Indian equity markets are bracing for a pivotal session on Tuesday, February 3, 2026. After a rollercoaster ride that saw the Nifty 50 plunge nearly 2% on Budget Day (February 1) before staging a technical recovery above 25,000 on Monday, all eyes are now on the “follow-through” momentum.

As the dust settles on Finance Minister Nirmala Sitharaman’s Union Budget 2026, the market is transitioning from “policy shock” to “macro anticipation.” The immediate focus has shifted to the RBI Monetary Policy Committee (MPC) meeting, which begins tomorrow, and a series of high-impact corporate earnings.

Technical Prediction: Nifty 50 & Bank Nifty

Technical analysts suggest the market is currently in a “relief rally” phase within a broader corrective trend.

Indian Stock Market News Tomorrow: Nifty 50 Levels for Tomorrow

The Nifty 50 has managed to defend its 200-day Exponential Moving Average (EMA) near 25,150–25,200. For the bulls to regain total control tomorrow, a decisive close above the 25,300 mark is essential.

• Resistance 1: 25,300 (Immediate hurdle)
• Resistance 2: 25,450 (The Supply Zone)
• Support 1: 24,900 (Key psychological floor)
• Support 2: 24,700 (Budget Day low)

Indian Stock Market News Tomorrow: Bank Nifty Outlook

Bank Nifty showed resilience on Monday, closing near the 59,600 level. Traders should watch the 60,000 psychological resistance tomorrow.

• Bullish Scenario: A move above 60,000 could trigger a “short-covering” rally towards 60,400.
• Bearish Scenario: If it slips below 59,300, expect a test of the 58,500 demand zone.

The Big Trigger: RBI MPC Meeting (Feb 4-6)

While the market trades tomorrow, the RBI’s 54th MPC meeting kicks off in the background. Most economists and a recent Reuters poll suggest the central bank will maintain the Repo Rate at 5.25%.

Expert Insight: “With robust GDP growth projected at 6.7% for FY27 and inflation trending towards the 4% target, the RBI is unlikely to ‘waste a bullet’ on a rate cut just yet,” says a senior economist at PwC.

However, the market will be hypersensitive to the liquidity commentary. Following the STT hike in the Budget, any “dovish” hint from Governor Sanjay Malhotra regarding banking system liquidity could propel rate-sensitive sectors like Auto and Realty.

Stock-Specific Analysis: Winners & Losers

Based on the latest Budget outlays and technical setups, here is what to watch tomorrow:

1. Reliance Industries (RIL)

RIL emerged as a savior on Monday, gaining over 3%. With a strong Piotroski Score of 7/9, RIL is seeing institutional accumulation. Watch for a target of ₹1,420 tomorrow if the energy sector maintains its momentum.

2. The Biopharma “Shakti” Play

The ₹10,000 crore Biopharma Shakti initiative is a long-term tailwind. While Cipla and Sun Pharma saw minor profit booking, Max Health is at a crucial support level. A bounce-back is expected tomorrow as investors pivot toward defensive healthcare plays.

3. Semiconductor & Electronics

With ₹40,000 crore allocated to the Electronics Components Manufacturing Scheme, stocks like Dixon Technologies and Tata Elxsi are in a “Buy on Dips” zone.

4. The STT Casualties: BSE & Angel One

The 150% hike in STT on Futures (to 0.05%) and 50% on Options (to 0.15%) will continue to weigh on exchanges and brokerages. Expect BSE Ltd and Angel One to remain under selling pressure or trade sideways as volumes are recalibrated.

Indian Stock Market News Tomorrow: Sectoral Heatmap for Feb 3

Indian Stock Market News Tomorrow: Summary for Investors

Tomorrow’s market is likely to be a “Stock Picker’s Paradise.” While the headline indices (Sensex/Nifty) might remain range-bound, individual stocks in the Defence, Biopharma, and Infrastructure space are expected to outperform.

Pro-Tip: Keep an eye on the India VIX. It recently cooled to 13.52; if it stays below 14, it indicates that the “Budget Panic” is officially over, paving the way for a steady climb.

Top 5 Intraday Stocks to Watch Tomorrow (Feb 3, 2026)

The post-Budget trading landscape is often defined by “the realization phase.” After the initial shock of the STT hike and the excitement of the ₹12.22 lakh crore Capex announcement, tomorrow’s session will be about identifying the true momentum leaders.

Based on technical breakouts, moving average support, and post-budget sectoral tailwinds, here are our top 5 intraday picks for February 3, 2026.

1. Varun Beverages (VBL) – The Momentum Play

VBL has shown an impressive technical turnaround. After a brief correction, the stock is holding firmly above its 100-day Daily Moving Average (DMA). The Relative Strength Index (RSI) is beginning to trend upward from the oversold zone, and the price has moved above the Ichimoku Cloud, signaling a strong bullish bias.

• Entry Range: ₹475 – ₹478
• Target: ₹505 – ₹515
• Stop Loss: ₹455
• Trigger: Sustaining above the 470 support level.

2. Power Finance Corporation (PFC) – The Value Breakout

The power and energy financing sector received a significant boost in the Budget. PFC has registered a consolidation breakout, successfully sustaining above its 100-day Exponential Moving Average (EMA). High delivery volumes on Monday suggest that institutional buyers are entering at these levels ahead of the RBI policy.

• Entry Range: Buy at current market price (CMP) or on dips to ₹485.
• Target: ₹520
• Stop Loss: ₹468
• Trigger: Stability above the 100-day EMA.

3. Larsen & Toubro (L&T) – The Capex King

With the infrastructure outlay increasing by over 11% this year, L&T is the primary beneficiary. The stock saw a “hammer” candlestick pattern on the daily chart on Monday, which typically predicts a short-term price reversal to the upside.

• Entry Range: ₹3,920 – ₹3,940
• Target: ₹4,080
• Stop Loss: ₹3,850
• Trigger: Breakout above the ₹3,960 resistance zone.

4. Bharat Electronics (BEL) – The Defence Defender

BEL gained over 3% on Monday as the market began digesting the ₹5.94 lakh crore defence budget. It is currently one of the most active equities by volume on the NSE. Technologically, it is forming a “higher high” pattern, making it a prime candidate for a gap-up opening tomorrow.

• Entry Range: ₹435 – ₹440
• Target: ₹465
• Stop Loss: ₹422
• Trigger: High volume spurt in the first 15 minutes of trade.

5. ICICI Bank – The RBI Policy Proxy

As the RBI MPC meeting begins tomorrow, banking heavyweights will see high volatility. ICICI Bank remains the top pick due to its disciplined risk management and steady NIMs (Net Interest Margins). It is currently nearing a support level that historically triggers a 2-3% bounce.

• Entry Range: ₹1,330 – ₹1,340
• Target: ₹1,385
• Stop Loss: ₹1,310
• Trigger: Positive commentary on banking liquidity.

Intraday Trading Checklist for Tomorrow

Before you hit “buy” or “sell” tomorrow, keep this Volatility Checklist in mind:

1. Check the Gift Nifty: At 8:30 AM IST, see where the Gift Nifty is trading to gauge the opening sentiment.
2. Monitor the India VIX: If the VIX rises above 16, reduce your position size as volatility will be unpredictable.
3. The “9:45 Rule”: Wait for the first 30 minutes of trade to pass before entering an intraday position. This allows the initial “noise” of the market to settle.

Indian Stock Market News Tomorrow: Summary Table for Quick Reference

Disclaimer: Intraday trading involves significant risk. The levels mentioned above are based on technical analysis and current market news. Always consult with a certified financial advisor before making any investment decisions.

Corporate Earnings Calendar: Key Q3 Results to Watch (Feb 3 – Feb 7, 2026)

The earnings season is reaching its peak intensity this week, with approximately 680 companies scheduled to report their Q3 FY26 results. Following the high-stakes Union Budget, these corporate report cards will be the primary driver for stock-specific action.

Investors should brace for a “Super Tuesday” on February 3, featuring some of the largest conglomerates and consumer giants in India.

Tuesday, February 3: The Heavyweight Showdown

Tomorrow is a massive day for the market, with over 90 companies reporting. These results will set the tone for the infrastructure and consumption narrative post-budget.

• Adani Enterprises & Adani Ports: The flagship entities of the Adani Group will be in the spotlight. Investors will look for commentary on new project timelines following the massive infrastructure outlay in the Budget.
• Bajaj Finance: A critical bellwether for the NBFC sector. Analysts are watching for credit growth trends and any impact of tightening liquidity.
• Varun Beverages (VBL): A top momentum pick; the market is expecting strong volume growth.
• Mankind Pharma & Zydus Wellness: Key players in the healthcare and wellness space that could see a “Budget rub-off” from the Biopharma Shakti initiative.
• NMDC & NMDC Steel: Vital for gauging the health of the mining and metals sector.
• Other Notables: Pidilite Industries, Solar Industries, Aditya Birla Capital, and Firstsource Solutions.

Wednesday, February 4: Power and Retail Momentum

Mid-week action shifts toward the energy and high-growth retail segments.

• Tata Power: In focus due to the government’s continued thrust on renewable energy and rooftop solar.
• Trent: One of the strongest performers in the retail space. All eyes are on its Zudio and Westside expansion margins.
• Bajaj Finserv: Expected to move in tandem with the broader financial services sentiment.
• NHPC & Cummins India: Key industrial and utility plays that align with the government’s capital expenditure goals.

Thursday, February 5: The “Big Five” Focus

Thursday is arguably the most critical day of the week for the Nifty 50’s direction, featuring multi-sectoral giants.

• Bharti Airtel: Telecommunication margins and ARPU (Average Revenue Per User) growth will be the key metrics.
• Tata Motors: Results for the Passenger Vehicle (PV) segment and JLR performance will be closely scrutinized.
• Power Finance Corporation (PFC): A massive dividend-yield play; look for updates on loan disbursements to green energy projects.
• LIC India: The insurance giant’s VNB (Value of New Business) margins will dictate the movement in the life insurance sector.
• Hero MotoCorp: A proxy for rural recovery. Commentary on entry-level motorcycle demand will be vital.

Friday, February 6 & Saturday, February 7: Finishing Strong

The week concludes with a mix of healthcare, tech, and mid-cap engineering firms.

• Max Healthcare: With the healthcare sector gaining defensive appeal, Max’s bed occupancy and expansion plans will be under the lens.
• Suzlon Energy: Continued interest in the wind energy turnaround story.
• FSN E-Commerce (Nykaa): Investors are looking for a path to sustained profitability in the BPC (Beauty and Personal Care) segment.

Indian Stock Market News Tomorrow: Earnings Strategy for the Week

Pro-Tip: “Earnings surprises” are often more important than the actual numbers. If a company beats estimates but the stock falls, it usually means the “good news” was already priced in. Conversely, a poor result followed by a stock rally suggests the bottom is in.

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