Indian Stock Market Poised for Bullish Opening on Monday
Indian equity benchmarks, the Sensex and Nifty 50, are anticipated to commence trading on a positive trajectory this Monday, February 9, driven by robust signals from international financial markets. Asian markets exhibited a green trend during early sessions, with Japanese equities achieving unprecedented record highs. Concurrently, US stock futures demonstrated a modest upward movement, reinforcing the optimistic global sentiment.
Strong Domestic Fundamentals and Easing External Pressures
Ponmudi R, CEO of Enrich Money, provided insights into the market outlook, stating, "Indian equity markets are set to open on a positive note, supported by a clear improvement in domestic fundamentals and a marked easing of external uncertainties. The India–US trade pact has removed a key overhang, improved export visibility and triggered a revival in foreign investor interest. The RBI’s decision to hold the repo rate at 5.25% with a neutral stance, alongside benign inflation expectations for FY26 (2.1%) and a steady growth outlook, continues to reinforce macroeconomic stability."
This assessment follows a strong performance in the previous trading session. On Friday, domestic markets closed higher, buoyed by selective buying in heavyweight stocks subsequent to the Reserve Bank of India's monetary policy announcement. The Sensex ascended by 266.47 points, or 0.32%, concluding at 83,580.40. Similarly, the Nifty 50 advanced by 50.90 points, or 0.20%, settling at 25,693.70.
Key Stocks to Monitor in Today's Trading Session
Against this favorable backdrop, several stocks are expected to capture investor attention and exhibit significant movement during the trading day. The following list highlights companies that may drive market activity:
- BSE, Zydus Lifesciences, Aurobindo Pharma, Bajaj Electricals, Bata India: Shares of these companies will remain under scrutiny as they are scheduled to announce their Q3 financial results today.
- State Bank of India: The nation's largest public sector bank reported a substantial 24% year-on-year increase in its standalone net profit, which escalated to ₹21,028 crore for the third quarter.
- IREDA: The Indian Renewable Energy Development Agency approved a significant fund-raising proposal amounting to ₹2,994 crore through the qualified institutional placement route on Friday.
- Tata Steel: The steel giant posted an extraordinary 723% surge in consolidated net profit for the December quarter, reaching ₹2,689 crore, a dramatic rise from ₹327 crore in the same period last year.
- Reliance Industries: Reliance Consumer Products, the FMCG division of Reliance Industries, has acquired a controlling stake in Australia-based "better-for-you" beverage manufacturer Goodness Group Global.
- Aurobindo Pharma: The United States Food and Drug Administration conducted an inspection of Unit III, the formulation manufacturing facility of Eugia Pharma Specialities—a wholly owned subsidiary—located in Pashamylaram, Telangana, between January 27 and February 6.
- Force Motors: The company has entered into a memorandum of understanding to acquire a 100% stake in Veera Tanneries for ₹175 crore, subject to applicable tax deductions.
- Kalyan Jewellers: The company reported a robust performance, with net profit surging 90.2% year-on-year to ₹416.3 crore compared with ₹218.8 crore in the corresponding period. Revenue also recorded strong growth, rising 42.1% year-on-year to ₹10,343.4 crore from ₹7,278.1 crore last year.
- Anand Rathi: Anand Rathi Share and Stock Brokers notified the exchanges on Friday that its Internal Inquiry Committee has uncovered a fraud amounting to ₹13 crore.
- BEML: The Board has sanctioned an estimated investment of approximately ₹1,500 crore for a greenfield rail manufacturing plant, named ‘BRAHMA’, in Umariya, Madhya Pradesh.
Disclaimer: This article is intended for educational purposes only. Investors are advised to consult with a qualified investment advisor before making any financial decisions.
