Market News

India and the US have outlined a bilateral trade deal that cuts tariffs and boosts industrial exports while excluding sensitive farm and dairy products. The pact balances market access with farmer protection, lifts investor sentiment, and promises trade gains, though final outcomes hinge on the details of the tariff schedules and their implementation

Bajaj Finance Ltd’s consolidated net profit was reported to reach ₹4,066 crore in Q3 FY26. This is a 6% decrease compared to last year. This dip is due to increased provisions and some one-time costs related to labour changes, which had an impact on earnings.

Adani Enterprises reported a consolidated PAT of ₹ 5,627 crore in Q3 FY26, which is almost a 97-fold YoY jump due to a one-time gain from a stake sale. Revenue rose by 8-9% YoY as compared to previous years to approximately ₹ 24,820 crore, with operating measures improving moderately.

HAL shares fell 5.7% to ₹4,217 after missing the shortlist for India’s ₹15,000 crore AMCA prototype fighter jet programme, where 3 private firms advanced. The project involves 5 prototypes, a likely 120-aircraft initial order, and induction targeted around 2035.

JPMorgan is finalising plans for a new index tracking local currency bonds from frontier markets, responding to rising investor demand for higher-yielding debt

The Indian National Rupee witnessed a significant surge against the US Dollar on Tuesday to close at 90.26 per dollar. Experts attribute the announcement of the India-US trade deal as the main reason behind this.

Bharat Coking Coal Ltd’s Q3 revenue fell about 25% year-on-year, while the Coal India subsidiary reported a net loss of ₹23 crore, weighed down by lower sales and weaker demand. The results reflect pressure on earnings despite efforts to improve operations and output.

Indian IT stocks fell by up to 8%, erasing ₹2 lakh crore due to AI disruption fears and weak global tech signals. This raises a big concern: is this a temporary shock or a structural shift?

US President Donald Trump has said India will increase purchases of Venezuelan oil, potentially replacing part of its Russian crude imports as part of broader energy and trade discussions. However, Indian refiners have highlighted practical difficulties in boosting Venezuelan oil imports, including logistical challenges and refinery suitability, which make large-scale purchases harder to execute quickly.

Indian equity markets ended nearly flat on 4 February 2026 as a sharp selloff in IT stocks erased gains in other sectors.

Reliance climbed while Adani Group firms gained as much as 13% after the India-US trade pact reduced tariffs and lifted market sentiment.

Power Grid's share price increased by 7% after the PSU increased its FY26 capex guidance to ₹32,000 crore. The market responded to the optimism surrounding greater growth potential, stronger execution visibility, and an attainable borrowing plan, reflecting market expectations of rapid additions to the company’s assets and medium-term growth in earnings.