Indian Stock Market News Tomorrow
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
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.
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.
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:
The Nifty 50 managed to reclaim the 25,000 mark on Monday, but it faces a “supply wall” at higher levels.
| Level | Price Range | Significance |
| Immediate Resistance | 25,250 – 25,300 | Breakout above this is needed for a bullish reversal. |
| Major Resistance | 25,450 | The pre-budget high and a psychological barrier. |
| Immediate Support | 24,900 – 24,850 | Must hold to prevent a slide back to Budget Day lows. |
| Critical Floor | 24,575 | The “Line in the Sand” for the current bull run. |
Bank Nifty has been a laggard, weighed down by PSU banks like SBI despite resilience from ICICI Bank.
Based on the Budget allocations and technical setups, these stocks are likely to see high volume and volatility tomorrow:
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.
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.
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.
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.
The Union Budget 2026 has clearly demarcated the market into specific zones:
For retail investors and intraday traders, the “Trending News Fox” expert panel suggests a cautious but opportunistic approach for February 3:
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.
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.
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 analysts suggest the market is currently in a “relief rally” phase within a broader corrective trend.
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.
Bank Nifty showed resilience on Monday, closing near the 59,600 level. Traders should watch the 60,000 psychological resistance tomorrow.
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.
Based on the latest Budget outlays and technical setups, here is what to watch tomorrow:
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.
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.
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.
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.
| Sector | Outlook | Key Reason |
| Defence | Bullish | HAL and BEL targeting fresh highs on ₹5.94 lakh crore outlay. |
| Railways | Bullish | RVNL and IRFC eyeing recovery post-Budget consolidation. |
| IT Services | Neutral | Awaiting global cues and US Fed commentary. |
| Banking | Volatile | High sensitivity to RBI MPC meeting start tomorrow. |
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.
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.
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.
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.
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.
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.
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.
Before you hit “buy” or “sell” tomorrow, keep this Volatility Checklist in mind:
| Stock | Action | Entry Range | Target | Stop Loss |
| VBL | Buy | ₹475 – 478 | ₹510 | ₹455 |
| PFC | Buy | ₹485 – 490 | ₹520 | ₹468 |
| L&T | Buy | ₹3,920 – 3,940 | ₹4,080 | ₹3,850 |
| BEL | Buy | ₹435 – 440 | ₹465 | ₹422 |
| ICICI Bank | Buy | ₹1,330 – 1,340 | ₹1,385 | ₹1,310 |
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.
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.
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.
Mid-week action shifts toward the energy and high-growth retail segments.
Thursday is arguably the most critical day of the week for the Nifty 50’s direction, featuring multi-sectoral giants.
The week concludes with a mix of healthcare, tech, and mid-cap engineering firms.
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.
| Date | Key Results to Track |
| Feb 3 | Adani Ent, Bajaj Finance, VBL, Pidilite, NMDC |
| Feb 4 | Tata Power, Trent, Bajaj Finserv, Cummins |
| Feb 5 | Bharti Airtel, Tata Motors, PFC, LIC, Hero Moto |
| Feb 6 | Max Healthcare, Suzlon, Nykaa, Bharti Hexacom |
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