The Indian stock market is poised for a potentially mixed trading session on Wednesday, February 4, as subdued global cues create headwinds while domestic optimism surrounding the newly announced India–US trade deal provides underlying support. Global market sentiment remains fragile, with Asian indices trading on a mixed note and Wall Street closing lower overnight, primarily dragged down by a significant sell-off in technology stocks.
Domestic Sentiment Bolstered by Trade Deal Progress
Despite the weak global backdrop, Indian equity markets continue to draw strength from positive developments in the India–US trade discussions, which have emerged as a key driver of investor sentiment. The improved visibility on external trade risks has revived confidence and sparked renewed interest in export-oriented sectors. However, after the strong multi-day rally witnessed recently, market participants should be prepared for possible profit-booking and range-bound action.
"Indian equity markets continue to draw support from positive progress in India–US trade discussions, which remains the key sentiment driver. Improved visibility on external trade risks has revived confidence and renewed interest in export-oriented sectors. After the strong multi-day rally, some profit-booking and range-bound action cannot be ruled out. That said, easing global uncertainties, sustained domestic capex momentum, and a stable macro backdrop keep the near- to medium-term outlook constructive," commented Ponmudi R, CEO of Enrich Money.
Previous Session's Performance
On Tuesday, Indian equities delivered robust gains as optimism surrounding the India–US trade deal lifted market sentiment across various sectors. The benchmark Sensex surged by 2,072.67 points, or 2.54%, to close at 83,739.13. Similarly, the Nifty 50 index climbed 639.15 points, or 2.55%, ending the session at 25,727.55.
Stocks to Watch on Wednesday
Against this backdrop, several stocks are likely to attract investor attention and could see significant movement during Wednesday's trading session. Here is a detailed look at the key companies in focus:
Companies Declaring Q3 Results
Shares of Trent, Bajaj Finserv, NHPC, Tata Power, Apollo Tyres, and Emcure Pharma are expected to remain in the spotlight as these companies are scheduled to announce their third-quarter financial results for 2026 today.
Bharat Petroleum Corporation Limited (BPCL)
The state-owned refiner has increased its capital expenditure outlay for the upcoming financial year by a substantial 35% to ₹25,000 crore. This aggressive expansion push in petrochemicals comes even as competitors like Indian Oil and ONGC have scaled back their investment plans.
Bajaj Finance
The financial services company reported a 6% year-on-year decline in its consolidated net profit, which stood at ₹4,066 crore for the third quarter.
Mankind Pharma
Mankind Pharma posted a net profit of ₹408.7 crore in Q3, marking a healthy 7.5% increase from ₹380.2 crore recorded in the same period last year.
Aditya Birla Capital
Aditya Birla Capital delivered strong quarterly performance with a net profit of ₹983 crore, representing a significant 41% year-on-year jump. The company's revenue also climbed impressively by 30% YoY to ₹14,181 crore.
Nazara Technologies
The gaming and sports media platform reported a net profit of ₹8.8 crore in Q3, which represents a 35.8% decline from ₹13.7 crore achieved a year earlier.
Pidilite Industries
The adhesive manufacturer posted a net profit of ₹623.84 crore in the third quarter, marking an 11.9% increase from ₹557 crore recorded in the corresponding period last year.
Indian Railway Finance Corporation (IRFC)
IRFC has entered into a strategic tripartite Memorandum of Understanding (MoU) with V.O. Chidambaranar Port Authority (VOCPA) and Sagarmala Finance Corporation. This collaboration aims to examine structured financing options for developing the Outer Harbour Project at V.O. Chidambaranar Port, along with other port-led and multimodal connectivity initiatives.
NBCC India
The construction company has secured new contracts worth ₹39.19 crore from the Institute of Cost Accountants of India (ICMAI). Additionally, NBCC has received a substantial ₹232.13 crore order from the Uttarakhand Department of Fisheries for constructing the proposed Namami Ganga Aquarium-cum-Discovery Learning Centre at Pashulok in the state.
Bharat Coking Coal
The coal mining company reported a net loss of ₹23 crore in the third quarter, a stark reversal from the net profit of ₹425 crore recorded in the corresponding quarter of the previous year.
Disclaimer: This market analysis is for educational purposes only. Investors are advised to consult with a qualified investment advisor before making any financial decisions.
