Sensex Today | Stock Market Highlights: Nifty holds above 25,050 after volatile trade; Nifty Bank up 202 pts

That’s all from CNBCTV18.com‘s live market coverage on February 2, 2026.

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Ridham Desai, Managing Director, Morgan Stanley

Govt Has Estimated Income Very Conservatively & Accounting For Strong Expenditure

In my view this was a very good budget

Those in equity markets, get very narrowly focused on STT/FPI etc

For those who are not in the markets, it is very difficult to understand why a STT hike would be such a big deal

STT impact has hit sentiment & sentiment is important for markets

Relative PE multiple of India is the lowest ever, never been relatively as cheap as it is now

Inevitable that India’s growth will turn higher this year

I Think Investors Will Be Rewarded 12 Months Out

India One Of The Most Attractive Places To Set Up Data Centres Now

Safe Harbour (15.5%) For IT Services Is Quite Important

Pax-Silica Alliance Shows India Is Very Much A Crucial Partner For U.S

Pax-Silica Invitation Gives Hope That India/U.S. Trade Deal Could Be Around The Corner

Net Profit up 21.4% At ₹665 Cr Vs ₹548 Cr (YoY)

NII up 19% At ₹964 Cr Vs ₹810 Cr (YoY)

Revenue At ₹12,292 Cr Vs CNBC-TV18 Poll Of ₹11,413 Cr

EBITDA At ₹2,443 Cr Vs CNBC-TV18 Poll Of ₹2,159 Cr

Margin At 19.8% Vs CNBC-TV18 Poll Of 18.9%

Net Profit down 52.2% At ₹396 Cr Vs ₹828 Cr (YoY)

Revenue up 12.7% At ₹12,292 Cr Vs ₹10,907 Cr (YoY)

EBITDA up 12.5% At ₹2,433 Cr Vs ₹2,162 Cr (YoY)

Margin At Flat At 19.8% (YoY)

FM to PTI

STT Hike On F&O A Sort Of Deterrence So That People Do Not Go Headlong In Speculative Derivative Trading

Pace Of Disinvestment, Asset Monetisation To Continue, It Will Encourage More Public Floating Of CPSE

Volatility In Gold Prices Exists Because Of Global Uncertainty, Shows Investors Do Not Have Confidence In Any Particular Currency

Budget Focussed On Investment As A Priority Tool For Sustaining Growth, Targets Labour-Intensive Sectors

Govt To Introduce Insolvency And Bankruptcy Code Amendment Bill In Second Half Of Budget Session Beginning March 9

IDBI Bank Strategic Disinvestment On Track, Pace Of PSU Stake Sale To Set Direction Of Non-Tax Revenues

Ambareesh Baliga, Independent Market Expert

“Because of STT, we saw that major reaction on capital market plays. But then I mean the sort of tax on F&O, the increase in STT is more like the sin tax. Did those people stop smoking or drink less liquor if the taxes are increased? That’s the same thing with F&O. Once you get used to it, whatever said and done, you will come back. You will still pay higher taxes. If you’re not able to pay those higher taxes, you will possibly go in for the unofficial market, which all of us know that it exists. So they are, they are not going to leave trading.”

“I think the finance minister should have thought of something else as an entry barrier, maybe the NISM exams and refresher courses to continue to trade than increasing the STT which is going to affect everyone.”

Rupee Ends At 91.51/$ Against Friday’s Close Of 91.98/$

CNBC-TV18 Exclusive

Sources To CNBC-TV18

PB Fintech Likely To Announce Fund Raise Via QIP

PB Fintech Fund Raise Likely Aimed At Funding An Acquisition

PB Fintech’s Acquisition Could Be In The Space Of Insurance Distribution In International Markets

Alert: PB Fintech Has Cash On The Books Of Around `2,100 Cr

Alert: PB Fintech Is Scheduled To Report Q3 Earnings Later Today

CNBC-TV18 Has Written To PB Fintech, Yet To Receive A Response

CNBC-TV18 Exclusive: Sources Say

PE Firm Advent International Likely To Infuse $300 Million Into Aditya Birla Housing Finance

Deal Likely To Be A Primary Capital Infusion Into Aditya Birla Housing Finance

PE Firm Advent Intl & Aditya Birla Housing Fin Infusion Is Aimed At Strengthening Balance Sheet

To Improve Capital Adequacy & Fund Loan Book Expansion

Investment To Accelerate Growth In Affordable & Mid-Income Housing

Alert: Aditya Birla Housing Finance Is A Wholly Owned Arm Of Aditya Birla Capital

ABHFL Had Previously Raised ₹830 Crore Via Non-Convertible Debentures From IFC

In 2025, Aditya Birla Capital Also Invested ₹249 Cr Into ABHFL To Fund Growth & Improve Leverage

CNBC-TV18 Has Written To Aditya Birla Capital & Advent, Yet To Receive A Reply

Net Profit up 18.9% At ₹541.4 Cr Vs ₹455.5 Cr (YoY)

NII up 19% At ₹913 Cr Vs ₹767 Cr (YoY)

Labour Code Impact Of ₹67 Cr

Re-appointment Of Rajiv C Lochan As MD Of Co, For A Term Of 5 Years, w.e.f April 1, 2026

Re-appointment Of A. N. Raju As Joint MD Of Co, For A Term Of 4 Years, w.e.f April 1, 2026

Net Profit up 18.9% At ₹541.4 Cr Vs ₹455.5 Cr (YoY)

NII up 19% At ₹913 Cr Vs ₹767 Cr (YoY)

Labour Code Impact Of ₹67 Cr

Re-appointment Of Rajiv C Lochan As MD Of Co, For A Term Of 5 Years, w.e.f April 1, 2026

Re-appointment Of A. N. Raju As Joint MD Of Co, For A Term Of 4 Years, w.e.f April 1, 2026

Net profit up 37% at ₹63.7 cr vs ₹46.5 cr (YoY)

Revenue up 14.3% at ₹588.6 cr vs ₹514.8 cr (YoY)

EBITDA up 34.5% at ₹110.3 cr vs ₹82 cr (YoY)

Margin at 18.7% vs 15.9% (YoY)

Net Profit up 6.3% At ₹1,195 Cr Vs ₹1,124 Cr (YoY)

Revenue up 7.5% At ₹17,452.7 Cr Vs ₹16,241.5 Cr (YoY)

EBITDA up 7.4% At ₹1,960 Cr Vs ₹1,824.6 Cr (YoY)

Margin Flat At 11.2% (YoY)

Bharat Forge Subsidiary Secured ₹300 Cr Investment From Premji Invest

Stock up more than 4%, trading at ₹1,433 as of 2.58 pm.

HUDCO

Five Star

Ujjivan SFB

Jana SFB

LIC hsg

HUDCO

Five Star

Ujjivan SFB

Jana SFB

LIC hsg

Morgan Stanley’s Ridham Desai Speaks to CNBC-TV18 On Union Budget

Watch Live On CNBC-TV18

The Nifty Midcap 100 index has recovered from the day’s low, rising 700 points from lows to turn green.

Here is a look at total allocation on research and development

The Indian Rupee has declined over -2.30% this year.

CAMS reappoints Anuj Kumar as MD for a further five-year term from August 1, 2026.

From Cogencis

Gateway Distriparks | Acquires 25-acre Land To Build ICD In Indore With A Total Investment Est At ₹150 Cr

Alert: ICD Is Inland Container Depot

Gateway Distriparks | Acquires 25-acre Land To Build ICD In Indore With A Total Investment Est At ₹150 Cr

Alert: ICD Is Inland Container Depot

Rajesh Aggarwal, MD, Insecticides (India) Q3 On CNBC-TV18

The shares of Max Healthcare declined by over 17% in a year’s span, taking the stock to a 52-week low.

Rain Ind Arm launches a 3-year USE-G R&D programme for environmentally friendly graphite extraction in Europe.

Jan Auto Sales | Force Motors

Total Sales Up 4.6% At 3,764 Units Vs 3,597 Units (YoY)