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India’s economic trajectory has been marked by growth, stability and moderate inflation.

FM Sitharaman begins Union Budget 2026 speech in Lok Sabha

On Sunday, February 1, Sun Pharmaceutical Industries’ stock increased by almost 4% following the company’s announcement of a 16% increase in its consolidated net profit for the third quarter that concluded on December 31, 2025.

The Union Cabinet has approved the Budget ahead of the presentation.

Nevertheless, the stock eventually recovered as much as 7% from the session’s lows, covering approximately three-quarters of those losses. Vedanta’s market capitalisation has dropped by ₹54,000 crore during the previous two sessions at the day’s low.

In anticipation of a larger capital expenditure, shares of Bharat Electronics (BEL), Hindustan Aeronautics (HAL), Garden Reach Shipbuilders & Engineers (GRSE), Mazagon Dock, Bharat Dynamics, and other companies are trading up to 5% higher ahead of the Union Budget on Sunday, February 1.

According to reports on Sunday (February 1), gross goods and service tax revenues increased 6.2% to over ₹1.93 lakh crore in January, a two-month high. Month-over-month and year-over-year (without counting cess) collections have increased by 10.79% and 6.2%, respectively.

The Nifty index has recovered from the lows of the day, now rising above 25,300.

Here is how the GEC Budget allocation from FY23 to FY26

The shares of Vedanta recorded a rebound, recovering nearly 8% from the day’s low.

Total auto sales up 47.1% at 71,066 units vs 48,316 units (YoY)

Following a precipitous decline in the world markets on Friday, metal stocks are leading the sell-off for the second consecutive day. Over the past two trading sessions, the top five losers on the Nifty Metal Index—led by Hindustan Zinc and its parent company, Vedanta—have lost about ₹2 lakh crore in market capitalisation.

Tarun Bajaj, Former Revenue Secretary on Budget 2026 expectations

Nifty Defence, PSU in the green, Nifty metals slumps in trade but off opening lows ahead of Budget2026

Jan Steel Strips

Total Sales Up 17% YoY, Sales Volume Rises 6% YoY

Gautam Chhaochharia, Hd-Global Markets & India, UBS on Budget 2026 expectations

This is how the GST collection for January is stacked up ahead of Budget

With a further 10% decline on Sunday, Hindustan Zinc has been the biggest laggard over the past two sessions. The stock’s market value dropped by more over ₹60,000 crore between Friday and Sunday.

Nifty above 25,300; Gold on MCX down 8% at ₹1.40 lakh/10 g

NALCO shares are down another 10% on Sunday and the two-day fall has resulted in the stock losing over ₹15,000 crore in market capitalization.

Following a 6% decline on Friday, Hindalco is one of the top Nifty 50 losers on Sunday. The Aditya Birla Group Company lost ₹25,000 crore in market capitalisation during the day’s lows, but the stock is trying to bounce back.

Nilesh Shah, MD, Kotak Mahindra AMC on Budget 2026 expectations

On Sunday, February 1, metal stocks continued to face significant pressure due to a severe sell-off in the world’s commodity markets. With a fall of over 4%, the Nifty Metal Index is among the sectoral indices with the worst performance.

The shares of Hindustan Zinc fell over 10% as metal stocks

MCX declines, marks biggest single-day fall in 6 years

Following the military companies’ third-quarter earnings reports on Saturday, shares of Bharat Dynamics Ltd. and Zen Technologies Ltd. were trading in a mixed manner on Sunday, February 1.

Arvind Sanger, Managing Partner, Geosphere Capital Management

Dharmesh Kant, Head-Research, Chola Securities

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