04/02/26, PostMarket REPORT

The Indian equity benchmarks ended higher for a third straight session on Wednesday, February 4, powered by gains in index heavyweights like Reliance Industries, ICICI Bank, Eternal, Bharti Airtel, Larsen & Toubro and Trent.

However, gains were capped owing to selling pressure in IT heavyweights like Infosys, Tata Consultancy Services, HCL Technologies and Tech Mahindra after Anthropic's latest AI offering raised concerns about the future of technology companies, analysts noted.

The SENSEX ended 79 points higher at 83,818 and NIFTY50 index advanced 48 points to close at 25,776.

IT shares witnessed intense selling pressure on Wednesday. The measure of IT stocks on the National Stock Exchange, NIFTY IT index, dropped nearly 6% as Anthropic's latest artificial intelligence (AI) offering sent a wave of sell-offs in technology shares across the world.

Overnight, in the United States, the tech-heavy Nasdaq index dropped 1.43% as investors reacted sharply to new developments around Anthropic's new AI products, especially tools that threaten the business models of established software, legal, and data companies, reports suggested.

Anthropic released new AI plug-ins/extensions for its Claude Cowork agent, which can automate tasks in legal, sales, marketing, compliance and data analysis - areas traditionally serviced by expensive, licensed software companies.

These tools directly compete with incumbents such as legal research platforms, analytics databases, and professional-services software. That raised fears that AI could displace high-margin, long-term subscription revenue, as per news reports.

Shares of Infosys, the country's second largest IT company, plunged as much as 8.81%, its biggest single day decline in six years, to hit an intraday low of ₹1,510 wiping out ₹56,000 crore from its market capitalisation.

Tata Consultancy Services, HCL Technologies, Tech Mahindra and Wipro were also among the top losers in the NIFTY50 index.

On the flipside, Trent was top gainer in the NIFTY50 index, the stock ended 5.18% higher at ₹4,021 ahead of its earnings announcement.

Eternal, ONGC, NTPC, Adani Ports, Power Grid and Max Healthcare also rose between 1,89%-4.9%.

Among the individual shares, Sheela Foam rose as much as 20% to hit an intraday high of ₹628.30 on the National Stock Exchange (NSE) after its profit more than doubled in December quarter.

Sheela Foam, post market hours on Tuesday, reported standalone net profit of ₹39 crore in the third quarter current financial year (Q3FY26), marking an increase of 129% from ₹17 crore in the same period last year.

The Noida-based company's revenue from operations rose 8% to ₹842 crore in October-December period from ₹781 crore in the year-ago period.

On the sectoral front, twelve of 15 sector gauges compiled by the NSE ended higher led by the NIFTY Consumer Durables index's 2.66% gain. NIFTY Metal, Auto, PSU Bank, Realty and Oil & Gas indices also rose between 0.77%-2%.

On the other hand, IT, pharma and healthcare stocks faced selling pressure.

Broader markets outperformed their larger peers as NIFTY Midcap 100 index advanced 0.63% and NIFTY Smallcap 100 index climbed 1.27%.

The overall market breadth was positive as 2,153 shares ended higher while 1,048 closed lower on the NSE.

Source:Upstox

courtesy:Dailyhunt

Disclaimer: This article is purely for informational purposes and should not be considered investment advice. Please consult with a financial advisor before making any investment decisions.

04/02/26, Rekha Jhunjhunwala portfolio: The Indian stock market has been on an uptrend after the announcement of the most-awaited India-US trade deal. The key benchmark index, Nifty 50, almost hit a new peak on Tuesday, rising to 26,341. The Indian indices are also on the higher side on Wednesday.

 In these two days of a positive trend, ace Indian investor Rekha Jhunjhunwala's portfolio also saw a big upside. In just two days, one of Rekha Jhunjhunwala's portfolio stocks, Titan Company shares, have surged from ₹3,953.20 to ₹4,135.10 apiece on the NSE, logging a gain of ₹181.90 in the two sessions. This ₹181.90 per share rise in this Tata Group's jewellery stock has fueled Rekha Jhunjhunwala's net worth by around ₹858 crore.

Interestingly, LIC also owns 2,23,24,301 Titan Company shares, and the insurance behemoth of India has earned around ₹406 crore from the rally in this jewellery stock after the announcement of the India-US trade deal.

Rise in Rekha Jhunjhunwala's net worth

According to the shareholding pattern of Titan Company Ltd for the October to December 2025 quarter, Rekha Jhunjhunwala owns company shares in her personal capacity. She owns 4,71,84,470 Titan Company shares, representing 5.31% of the company's paid-up capital.

After the announcement of the India-US trade deal, which is expected to benefit gems and jewellery stocks, Titan's share price skyrocketed from ₹3953.20 per share on the NSE to ₹4135.10, logging a net rise of ₹181.90 per share.

As Rekha Jhunjhunwala owns 4,71,84,470 Titan Company shares, the total rise in Rekha Jhunjhunwala's net worth due to the rise in Tata Company shares is ₹8,58,28,55,093 or around ₹858 crore ( ₹181.90 x 4,71,84,470).

LIC earns over ₹406 crore

It would be interesting to know that the Indian insurance behemoth Life Insurance Corporation of India (LIC) also owns shares in Titan Company. According to Titan Company Ltd's shareholding pattern for the Q3FY26 quarter, LIC owns 2,23,24,301 Titan shares. As the Titan share price rose by ₹181.90 per share, the net rise in LIC's portfolio due to this Tata Group's jewellery stock is ₹406 crore ( ₹181.90 x 2,23,24,301)

source: Mint; 

courtesy: Dailyhunt

04/02/26, Shares of Infosys, the country's second-largest information technology (IT) services company, posted their worst day in nearly six years on Wednesday, February 4, mirroring losses in other IT stocks after Anthropic's latest AI offering raised concerns about the future of technology companies, analysts noted.

 Infosys stock dropped as much as 8.38%, its biggest single-day fall since March 16, 2020, to hit an intraday low of ₹1,517 on the National Stock Exchange. With today's fall in Infosys, its market capitalisation dropped by ₹56,000 crore to ₹6.15 lakh crore at the day's lowest level, data from stock exchanges showed.

Anthropic's latest artificial intelligence (AI) offering sent a wave of sell-offs in technology shares across the world.

Overnight, in the United States, the tech-heavy Nasdaq index dropped 1.43% as investors reacted sharply to new developments around Anthropic's new AI products, especially tools that threaten the business models of established software, legal, and data companies, reports suggested.

Anthropic released new AI plug-ins/extensions for its Claude Cowork agent, which can automate tasks in legal, sales, marketing, compliance and data analysis - areas traditionally serviced by expensive, licensed software companies.

These tools directly compete with incumbents such as legal research platforms, analytics databases, and professional-services software. That raised fears that AI could displace high-margin, long-term subscription revenue, as per news reports.

Back home, the measure of IT shares on the National Stock Exchange, the NIFTY IT index, dropped as much as 6.35% to hit an intraday low of 36,160.20.

All 10 shares in the NIFTY IT index were trading lower, led by Persistent Systems' over 6.5% fall. LTI Mindtree, Coforge, Infosys, HCL Technologies, Mphasis and Tata Consultancy Services also dropped between 5% and 8%.

Mid- and small-cap IT shares were also facing selling pressure as the NIFTY MIDSMALL IT & TELECOM index dropped 3.56%. 16 of twenty stocks in the index were trading lower, led by Hexaware Technologies' 5% fall. Sonata Software, Birlasoft, Oracle Financial Services, Zensar Technologies, KPIT Technologies and Cyient also fell between 2.5% and 5%.

source: Upstox 

Disclaimer: This article is purely for informational purposes and should not be considered investment advice. Please consult with a financial advisor before making any investment decisions.

04/02/26, After finishing near record-high levels on Monday, the US markets clawed back all the gains and closed sharply lower on Tuesday. The tech-heavy NASDAQ index fell 1.4% on Tuesday as investors rotated towards more cyclical stocks and away from highly valued chip stocks like Nvidia, Micron and AMD. The Dow Jones and S&P500 fell 0.3% and 0.8% on Tuesday

Anthropic led rout in software stocks

On the stock-specific front, Anthropic launched a new AI tool to automate corporate and legal workflows. The new tool is expected to disrupt the traditional workflow automation by software companies. Following this, the software companies like Cognizant, Gartner, Accenture, and EPAM fell 10% to 25% on Tuesday. The ADRs of Infosys and Wipro also plunged up to 6% on Tuesday.

Geopolitcal tensions

On the geopolitical front, the US Navy shot down an Iranian drone in the Arabian Sea, increasing the risk of a faceoff between the two nations. The diplomatic stocks are scheduled to take place later this week. Following the development, the crude oil prices jumped over 1.5% on Tuesday. The Brent crude oil prices traded half a percent higher on Wednesday morning at $68 per barrel.

Gold and Silver

The gold prices climbed back above the $5000 mark in the global markets as geopolitical tensions continued to drive the safe-haven demand after a massive selloff over the weekend. Gold prices jumped from $4,650 per ounce to $5,000 per ounce on Tuesday, and the gains were extended on Wednesday morning as well.

In other news, PayPal dropped 19.7% after reporting weaker results for the latest quarter than analysts expected. It also named a new CEO after it said "the pace of change and execution" over the last two years "was not in line" with the board of directors' expectations.

Pfizer fell 3.5% even though it reported stronger profit for the latest quarter than analysts expected. The pharmaceutical company gave a forecasted range for profit in 2026 whose midpoint was below analysts' expectations.

The Walt Disney Co. slipped 0.6% after it said Josh D'Amaro, head of the company's parks business, will become its next CEO in March.

On the winning side of the market was PepsiCo, which rose 3.2% after the snack and beverage giant's profit and revenue for the latest quarter nudged past analysts' expectations. It also said it would cut prices this year on Lay's, Doritos and other snacks to try and win back inflation-weary customers.

source: Upstox (with PTI inputs)

Disclaimer: This article is purely for informational purposes and should not be considered investment advice. Please consult with a financial advisor before making any investment decisions.

04/02/26, IT stocks: Shares of information technology (IT) stocks were trading in the deep red in the early trade on Wednesday, February 4, after a sharp decline in the technology stocks on Wall Street.

The NIFTY IT index tumbled as much as 5.99%, or 2,313.85 points, to hit the low of 36,297.90 levels, with all 10 constituents trading in negative territory.

Among individual names, LTIMindtree was down 6%, while Infosys was trading nearly 6% lower at ₹1,560.30 on the NSE. Wipro was down over 4%, and TCS was trading 5.49% lower.

What happened on Wall Street

According to news reports, tech stocks suffered a significant decline in the US trade on Wednesday as investors grew concerned that new artificial intelligence tools could disrupt established software and tech companies, eroding their pricing power and future profits.

This fear triggered heavier selling in software and cloud infrastructure stocks, especially those seen as vulnerable to AI competition.

AI heavyweights Nvidia and Microsoft each fell almost 3%. Alphabet dropped 1.2% ahead of its quarterly report on Wednesday, while Amazon declined 1.8% ahead of its Thursday report.

The Nasdaq Composite index ended 1.43% lower at 23,255.19 levels.

Concerns about Anthropic were a central factor in the tech sell-off on February 3, 2026. Investors reacted sharply to new developments around Anthropic's AI products, especially tools that threaten the business models of established software, legal, and data companies, reports added.

Anthropic is an AI company behind the Claude family of models. On and around the trading session of February 3, markets were spooked because:

• Anthropic has released new AI plug-ins/extensions for its Claude Cowork agent, which can automate tasks in legal, sales, marketing, compliance, and data analysis - areas traditionally serviced by expensive, licensed software.

• These tools directly compete with incumbents such as legal research platforms, analytics databases, and professional-services software. That raised fears that AI could displace high-margin, long-term subscription revenue, as per news reports.

Bottom Line

The tech slump on February 3 was mainly driven by AI disruption fears, mixed earnings guidance, elevated valuations, and rotation away from high-growth stocks. Risks perceived around how AI will reshape software competitiveness and profit margins aggravated selling pressure across the sector.

Indian IT companies' ADRs fall

Last seen, data showed that ADRs of Indian IT services companies saw a notable decline. Infosys' ADRs were down 5.56%, while Wipro ADR slipped 4.83%.

source:Upstox

courtesy:Dailyhunt

04/02/26, Intraday(Trading Hours) News

Sensex fell 200 points from day's high on February 4 and Nifty went below the 25,750-mark on February 4 as IT selloff weighed on the benchmark indices.

At 10:35 am on February 4, the Sensex was down 123.11 points or 0.15% at 83,616.02, and the Nifty was down 2.20 points or 0.01% at 25,725.35. About 2303 shares advanced, 1199 shares declined, and 131 shares were unchanged. Sensex's intraday high was 83,885.87 and Nifty's day's high was 25,801.8.

Here are three reasons behind market decline:

1. IT selloff
2. Shares of Indian IT majors like Infosys, Tata Consultancy Services fell up to 7% as investors fret that rapid advances in artificial intelligence could upend traditional business models.
   Anthropic PBC's launch of a new tool to help automate some legal work sank a swath of software makers and financial service providers on February 3 in the US.
   The IT selloff is capping gains from optimism over a US-India trade deal, analysts said, noting that Anthropic's tools threaten traditional outsourcing models.
   US-based Anthropic on Friday launched plug-ins for its Claude Cowork agent to automate tasks across legal, sales, marketing and data analysis, triggering a selloff in U.S. and European data analytics and software stocks and deepening concerns in India's $283-billion IT sector, whose labour-intensive model relies on deploying large workforces for client projects.
   The Nifty IT sub‑index was on track for its worst day since March 2020, with all 10 constituents in the red. Infosys led declines with a 7.3% drop.
   Other heavyweights TCS and Wipro fell 5.8% and 3.9% respectively, while HCLTech was down 5.1%.
   "The rally fuelled by the US-India trade deal will face hurdles to sustain. The IT selloff in the US yesterday will drag the Indian IT index,too, constraining the rally in the Indian market. Since valuations continue to be high there is no fundamental support for a sustained rally," said VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.
   "As Indian enterprises integrate Claude for critical coding workflows, dependency on large vendor teams may decline, squeezing billable hours and margins," said Systematix Group analyst Ambrish Shah.
   Anthropic's advanced AI systems also threaten entry‑level talent pool at Indian IT firms by replacing routine development and testing tasks, he added.
   2. Investors await clarity on trade deal
   US President Donald Trump announced the trade deal on February 2 to cut tariffs to 18% from 50% in exchange for New Delhi halting Russian oil purchases and lowering trade barriers.
   Commerce Minister Piyush Goyal said on February 3 the two nations would share details after a "final understanding" of the deal was signed.
   "Markets are finding support short-term on de-escalation, easing US tariffs fears that had rattled sentiment, but sustainability of the rise hinges on details of the trade deal," said Dhananjay Sinha, chief executive officer and co-head of institutional equities at Systematix Corporate Services.
   3. MPC meet outcome awaited
   "A trigger from monetary policy scheduled on 6th Feb is unlikely since the MPC is expected to retain the rates and stance with a dovish tone. The economy is now in a state where a monetary stimulus is not required. So, it is likely that the MPC will wait to see the monetary transmission play out. The auto numbers on January suggest that the buoyant demand continues," said Vijayakumar.
   Expert View
   "Yesterday's 639 point rally in the market was mainly driven by FII short covering and their buying of Rs 5,236 crore in the cash market. Given the valuations, this bullish trend is likely to run out of steam. Investors should stick to fairly valued largecaps," said Vijayakumar.
3. Report by Analyst Jagannath. source: Network18 

04/02/26,

👇

 👉At current levels and scenario I do, personally, not bullish on this market... I do  prefer avoid  buy&hold strategy 👈

👆

04/02/26, US stock indices gained on Tuesday, driven by artificial intelligence tailwinds following Palantir Technologies' impressive fourth quarter results.

 Reports from major tech corporations have highlighted an increasing investor focus on returns from extensive capital spending initiatives. Outlays for AI-centric hardware have surged, forcing firms to convert investments into tangible profits that justify elevated market prices.

At 9:33 a.m. ET the Dow Jones Industrial Average rose 0.24%, to 49,528.50, the S&P 500 gained 0.07%, to 6,981.15 and the Nasdaq Composite gained 0.12%, to 23,621.33.

Investors are evaluating reports that critical monthly employment data, due on Friday, might be postponed because of a partial federal shutdown. Tuesday's JOLTS data was also delayed.

Key Stock Movers

Palantir Technologies shares climbed 8.6% on a near doubling of revenue tied to artificial intelligence products.

Teradyne stock surged 7.8% after the chip-testing equipment maker forecast a strong first-quarter outlook.

Pfizer shares slumped 4.4% on a quarterly loss and after disclosing it again doesn't plan to buy back stock in 2026.

PayPal stock plummeted 17.3% after the firm forecast 2026 profit below Wall Street estimates.

Walt Disney shares dipped 1.6% after the entertainment giant named parks division chief Josh D'Amaro as its new CEO.

Google parent Alphabet added 0.8% after hitting a record high in the previous session.

Amazon stock rose 0.6%.

PepsiCo shares rose 1.7%, with the firm announcing a price cut on core brands such as Lay's and Doritos.

Bullion Market

Gold and silver prices bounced back on Tuesday after a rout over the previous two sessions.

At 09:36 a.m. ET (1436 GMT), spot gold rose 5.1% to $4,901.75 per ounce. US gold futures for April delivery soared 5.9% to $4,926.40 per ounce.

Silver rallied 9.4% to $86.92 an ounce on Tuesday, after a record 27% one-day decline on Friday and falling a further 6% on Monday.

Among other metals, spot platinum climbed 6.3% to $2,255.55 per ounce, while palladium was up 5.1% at $1,806.85.

Crude Oil

Oil prices inched higher on Tuesday after falling more than 4% in the previous session as market participants assessed the possibility of a de-escalation in US-Iran tensions.

Brent crude futures rose 45 cents, or 0.68%, at $66.75 per barrel by 1413 GMT, while US West Texas Intermediate crude was at $62.70 a barrel, up 56 cents, or 0.9%.

On Monday, oil prices slumped more than 4% after US President Donald Trump said Iran was "seriously talking" with Washington, signalling a de-escalation of tensions.

Iran and the U.S. are expected to resume nuclear talks on Friday in Turkey, officials from both sides told Reuters on Monday.

source:Mint

04/02/06, PostMarket REPORT

Dalal Street witnessed one of the best trading sessions on Tuesday, February 3, as optimism over the India-US trade deal propelled heavy buying across the board.

India and the US on Monday agreed on a trade deal under which Washington will bring down the reciprocal tariff on Indian goods to 18% from the current 25%, US President Donald Trump said on Monday, after a phone conversation with Prime Minister Narendra Modi.

Stock investors' wealth surged by ₹12.10 lakh crore on Tuesday, tracking a sharp rally in equities buoyed by the India-US trade deal.

The 30-share S&P BSE SENSEX jumped 4,205.27 points, or 5.14%, to hit the day's high of 85,871.73. It later ended at 83,739.13, up 2,072.67 points or 2.54%.

On the NSE, the 50-share index NIFTY50 ended at 25,727.55 levels, up 639.15 points, or 2.55%.

Cheering the rally in equities, the market capitalisation of BSE-listed firms surged by ₹12,10,877.45 crore to ₹4,67,14,754.77 crore ($5.16 trillion).

"The India-US trade deal is a decisive win for certainty, removing a key overhang for Indian markets. Coming on the heels of a strong budget, it materially improves visibility on capital flows, the rupee, and manufacturing investment," A Balasubramanian, Managing Director & CEO, Aditya Birla Sun Life AMC Ltd, said.

From the 30 SENSEX firms, Adani Ports surged the most, by 9.12%.

The other prominent winners were Bajaj Finance, InterGlobe Aviation, Power Grid, Sun Pharma, Bajaj Finserv and Reliance Industries.

Tech Mahindra and Bharat Electronics were the only laggards from the blue-chip pack.

FII/DII data

Data available on the NSE showed that foreign investors (FPIs/FIIs) net bought shares worth ₹5,236 crore on Tuesday. The data combines NSE, BSE and MSEI figures.

On the NSE alone, FIIs net bought shares worth ₹5,426.24 crore.

Category	Date	Buy Value (₹ Crores)	Sell Value (₹ Crores)	Net Value (₹ Crores)
DII	03-Feb-2026	28,206.21	27,191.97	1,014.24
FII/FPI	03-Feb-2026	27,677.68	22,441.40	5,236.28

Category	Date	Buy Value (₹ Crores)	Sell Value (₹ Crores)	Net Value (₹ Crores)
DII	03-Feb-2026	26,155.24	25,809.77	345.47
FII/FPI	03-Feb-2026	26,883.00	21,456.76	5,426.24

04/02/26, Corporate News

Indian stock markets are set for an action-packed session as investors track Q3 earnings results, corporate announcements, volume growth updates, management changes, and strategic partnerships across key sectors.

From Bajaj Finance Q3 results, Aditya Birla Capital earnings, Varun Beverages profit growth, to fresh developments at Adani Enterprises, Jio Financial Services, NBCC India, and Indian Energy Exchange (IEX), several stocks are likely to remain in focus today.

Market participants will closely monitor Q3 profit growth, revenue expansion, net interest income (NII) trends, order wins, leadership exits, export outlooks, and new-age digital finance launches, as these corporate updates could drive stock-specific action, intraday volatility, and sectoral momentum.

Here's a comprehensive snapshot of stocks to watch today in India, including Q3 results highlights and major corporate announcements that may influence share prices on Dalal Street.

Stocks in Focus: Q3 results Snapshot

Company	Profit (Rs crore)	Profit Change	Revenue / NII (Rs crore)	Revenue / NII Change
Aditya Birla Capital	983	+41%	14,181	+30%
Bajaj Finance	4,066 vs 4,308	−6%	NII: 11,317 vs 9,382	+21%
Castrol India	244.7 vs 271.4	−9.8%	1,439.9 vs 1,353.9	+6.4%
JK Lakshmi Cement	57 vs 74.7	−23.7%	1,588.4 vs 1,496.8	+6.1%
Kansai Nerolac Paints	121.4 vs 680.9	−82.2%	1,982 vs 1,921.9	+3.1%
Mankind Pharma	408.8 vs 380.2	+7.5%	3,567.2 vs 3,198.8	+11.5%
Nazara Technologies	8.8 vs 13.7	−35.4%	406 vs 534.7	−24%
Pidilite Industries	623.84 vs 557	+12%	3,709.9 vs 3,368.9	+10.1%
Sheela Foam	52.57 vs 16.8	+212.9%	1,074.4 vs 967.1	+11.1%
V2 Retail	102.06 vs 51.2	+99.4%	929.2 vs 590.9	+57.2%
Varun Beverages Ltd	260 vs 195.64	+32.9%	4,334.79 vs 3,817.61	+13.54%

Stocks to Watch Today: Corporate Announcement

Indian Energy Exchange (IEX)

Power Trading Volumes Rise Sharply in January

Indian Energy Exchange reported a 19 per cent year-on-year increase in electricity traded volumes, reaching 13,050 million units in January, reflecting strong demand on the power exchange platform.

Exide Industries

Exide Eyes Export Boost from Europe Tie-Up

Exide Industries expects to generate additional export revenue of Rs 400-500 crore from the next financial year, supported by an exclusive partnership with a European company and improved trade prospects following the India-US trade agreement.

Ambuja Cements

Ambuja MD Ajay Kapur Steps Down After Superannuation

Adani Group-owned Ambuja Cements announced that its Managing Director, Ajay Kapur, has stepped down from his role upon reaching retirement age.

NBCC India

NBCC Bags New Construction Orders Worth Rs 271 Crore

NBCC India has secured fresh construction contracts, including a Rs 39.19 crore order from the Institute of Cost Accountants of India and a Rs 232.13 crore project from Uttarakhand's Department of Fisheries.

Adani Enterprises

Adani Partners with Leonardo to Enter Helicopter Manufacturing

Adani Enterprises has entered into a strategic collaboration with Italy-based aerospace firm Leonardo to develop an integrated helicopter manufacturing ecosystem in India, strengthening its footprint in the growing aerospace sector.

Jio Financial Services

Jio BlackRock Launches Affordable Digital Wealth Platform

Jio BlackRock Investment Advisers has rolled out a technology-driven wealth management platform, offering personalised investment guidance starting at Rs 350 annually, targeting India's vast and underpenetrated investor base.

Indian Railway Finance Corporation (IRFC)

IRFC Ties Up for Port and Connectivity Financing

IRFC has signed a tripartite MoU with V.O. Chidambaranar Port Authority and Sagarmala Finance Corporation to explore structured financing options for the Outer Harbour Project and other port-led and multimodal infrastructure initiatives.

source: Economic Times

03/02/26, BIZnews

During the October-December quarter of FY26, Domestic Institutional Investors (DIIs), including Mutual Fund Houses, poured a whopping ₹1,03,123 crore into the domestic equities

Source: SEBI

While the domestic markets remained volatile, with tariff and other geopolitical issues, the faith that DIIs have in the domestic equity market seems unshakable. They have been buying stocks across sectors, even raising their stake in select companies.

Today we will explore the top two stocks where DIIs increased their stake during Q3FY26 and dig deeper to find out what sets these stocks apart.

#1 Geojit financial services limited: Everything finance

Geojit Financial Services Ltd. is a leading financial service in the country, which offers integrated investment and wealth management services to retail, NRI, institutional, and high-net worth clients.

It delves into various segments of investment services from advisory to brokerage, portfolio management services, which follows tech-first approach, are distribution-driven, and they have a special focus on building annuity-oriented revenue growth models.

As of January 2026, they have a presence across 20 states with over 16 lakh clients and a total asset under management worth ₹1.07 lakh crore.

DIIs increased their stake by 9.3 percentage points,, taking the overall holding to 10.13% at the end of Q3FY26, and the top DIIs who bought the stock include -

• Bajaj Life Insurance Ltd. bought 4.84% stake
• ICICI Prudential Life Insurance Company Ltd. bought 4.48% stake

So, what influenced these DIIs to pour such massive money into this investment company?

Revenue diversification: Why institutional investors favor geojit

Geojit is diversifying its revenues through different business segments and that is perhaps setting them apart and attracting the DIIs.

The investment giant generated 51.8% of the revenue from its equity and equity-related business, which is further divided into brokerage revenue, interest on marginal trading revenue, and depository services.

Then the next 30.9% revenue has been generated from financial products income, such as mutual fund distribution, insurance distribution, and other distribution income.

Then, from treasury, it earned around 8.7% of its revenue, followed by 4.84% from asset management or PMS fees, and the remaining from technology platform income and other miscellaneous operations.

Business growth

The lending book, which is basically created by the marginal trading facility, surged from ₹576 crore at the end of FY25 to ₹695 crore at the end of December 2025. This growth has been a result of growing retail participation in the markets and the adoption of MTF-driven trading.

The recurring revenue AUM of the company also increased from ₹22,540 crore at the end of December 2024 to ₹25,502 crore as on 31 December, 2025. One of the main components of this growth has been mutual fund AUM excluding overseas entities. MF AUM grew to ₹17,767 crore from ₹15,410 crore during the period.

The PMS AUM grew from ₹1,262 crore at the end of FY25 to ₹1,509 crore at the end of December 2025.

Another thing playing in favour of the company is perhaps its growing international presence. Geojit is the first Indian licensed brokerage house in the UAE and Oman region, and it is cashing in on its first-mover advantage. It is currently managing over US$ 1 billion (₹9151 crore) of NRI wealth along with a solid network of NRIs and HNI clients across the Gulf Cooperation Council (GCC) Markets.

Financial performance vs. Institutional conviction

While Geojit is expanding and growing globally, its financials tell a different story. Revenue has dipped by 6.7% YoY during Q3FY26 to ₹160 crore from ₹172 crore in the corresponding quarter last fiscal. But the net profit tanked miserably from ₹37 crore to ₹17 crore, by 49.7% during the period.

DIIs increased their stakes irrespective of these numbers, perhaps indicating their faith in the company's future growth.

Valuation

The stock is trading at a PE of 19.7x, at par with the industry median; however, its price to book value (PB) ratio is a little lower than the industry median at 1.7, compared to the industry median of 2.

1-year share price chart of Geojit Financial Services Ltd.

#2 Ujjivan small finance bank limited: A bank for the masses

Ujjivan Small Finance Bank Ltd. is a private bank that focuses on the unserved and underserved segment of the population in India. It is a bank for the masses that is committed to developing financial inclusion in the economy. It is engaged in retail banking, treasury, and wholesale banking, offering a wide range of financial products.

DIIs increased their stake by 8.5% points in this stock during Q3FY26, taking the total holding to 28.67%. The top three DIIs that increased or bought a stake in the company are -

• Franklin India Opportunities Fund increased stake from 2.93% to 3.58%
• Bajaj Finserv Flexi Cap Fund bought 1.89% stake
• Axis Mutual Fund Trustee Ltd. bought 1.86% stake

Expansion and business growth

During Q3FY26, Ujjivan SFB expanded its branch network by another 11 branches, taking the total count to 777, and also achieved its target of 24 new branches in FY26.

Total deposits grew by 22.4% YoY to ₹42,223 crore, out of which the Current Account Savings Account (CASA) deposits grew by ₹11,535 crore, growing at 33.2% YoY.

During the quarter, the bank disbursed the highest-ever loans worth ₹8,293 crore, which grew by 54.7% YoY. The secured loan book grew to ₹17,825 crore, which is 48% of the entire loan book (₹37,057 crore as on 31 December 2025).

The net interest income (NII) grew by 8.5% quarter-on-quarter to ₹1,000 crore, the highest till date.

Asset Quality Improvement

The asset quality improved significantly during the quarter. While the gross non-performing assets (NPA) dipped by 29 basis points (bps) to 2.4%, the Net NPA went down by 8 bps to 0.6%.

Strong Financials

Revenue surged from ₹1,591 crore in Q3FY25 to ₹1,752 crore in Q3FY26, growing at 10.1% YoY, and this made net profit jump from ₹109 crore to a whopping ₹186 crore during the period, a 71% growth.

Valuation

The stock is trading at a PE of 24.2x, slightly higher than the industry median of 22.5x, and its PB ratio stands at 1.9, significantly higher than the peer group median of 1.

1-year share price chart of Ujjivan Small Financial Bank Ltd.

Final thoughts

DIIs are fuelling India's growth story, as it seems from their picks. Both are smallcap stocks that have strong growth potential in the coming years, and perhaps this is what the DIIs are looking at. However, whether these stocks will continue to be the favourites of the DIIs only time will tell.

We have relied on data from www.Screener.in throughout this article. Only in cases where the data was not available have we used an alternate, but widely used and accepted source of information.

The purpose of this article is only to share interesting charts, data points, and thought-provoking opinions. It is NOT a recommendation. If you wish to consider an investment, you are strongly advised to consult your advisor. This article is strictly for educational purposes only.

Maumita Mitra is a seasoned writer specializing in demystifying the world of investment for a broad audience. She has a keen eye for detail and a knack for explaining complex financial concepts in the simplest manner possible

source: Financial Express 

Courtesy: Dailyhunt 

03/02/26, Stocks to Watch Today

 Indian stock market participants will track shares of Aditya Birla Lifestyle Brands, Aarti Industries, PB Fintech, Indus Towers, and UPL on Tuesday as companies report mixed Q3 results, marked by sharp changes in profits and steady revenue growth.

Vedanta, InterGlobe Aviation (IndiGo), Reliance Industries, Tata Power, Godrej Properties, LIC, and IRB Infrastructure Developers are also among the stocks to watch today following key corporate announcements, including land allotment updates, passenger compensation disclosures, legal developments, renewable energy project commissioning, strong real estate sales, stake sale considerations, and infrastructure asset acquisitions.

Here's the list of stocks in focus today:

Quarterly Results Snapshot

Company	Profit / (Loss) Q3 (Rs crore)	YoY Change in Profit	Revenue Q3 (Rs crore)	YoY Revenue Change
Aditya Birla Lifestyle Brands	69.0	+14.4%	2,343.2	+9.6%
Aarti Industries	133.0	+189.1%	2,319.0	+25.8%
Akzo Nobel India	74.3	−31.6%	907.7	−13.6%
Ather Energy	(84.6)	Loss narrowed	953.6	+50.2%
Awfis Space Solutions	21.7	+42.7%	381.8	+20.2%
Bajaj Housing Finance	664.9	+21.3%	NII: 963.8	+19.6%
Indus Towers	1,776.0	−55.6%	8,146.3	+7.9%
PB Fintech	189.4	+165.0%	1,771.2	+37.1%
RailTel Corporation of India	62.4	−4.0%	913.5	+19.0%
Tata Chemicals	(93.0)	Loss widened	3,550.0	−1.1%
UPL	396.0	−52.2%	12,269.0	+12.5%

Corporate Updates

Vedanta

Vedanta Aluminium Gets Land for Odisha Project

Vedanta Aluminium has received an allotment of over 1,447 acres of land from the Odisha government for its proposed project in Dhenkanal district, according to the company.

InterGlobe Aviation (IndiGo)

IndiGo Pays Rs 22.68 Cr as Passenger Compensation

IndiGo spent Rs 22.68 crore on passenger compensation and facilitation after widespread flight disruptions in December, as per data shared by the civil aviation ministry in the Rajya Sabha.

Reliance Industries

Delhi HC to Hear Centre's Appeal Against RIL Order

The Delhi High Court said it will examine the Centre's appeal against an order that dismissed its plea to recover USD 3.8 billion from Reliance Industries and another firm related to the Panna-Mukta and Tapti fields dispute.

Tata Power Company

Tata Power Commissions 198 MW Wind Project

Tata Power Renewable Energy has commissioned a 198 MW wind energy project in Tamil Nadu.

Godrej Properties

Godrej Properties Records Rs 2,000 Cr Sales in Worli

Godrej Properties said it has sold homes worth over Rs 2,000 crore in a luxury housing project located in Worli, Mumbai.

LIC

Government Considers Further Stake Sale in LIC

The government is considering reducing its stake in LIC through a public offering in the next financial year, according to the Financial Services Secretary.

IRB Infrastructure Developers

IRB Infra Completes Rs 1,200 Cr Highway Asset Deal

IRB Infrastructure Developers said it has completed the acquisition of Gandeva Ena (VM7) HAM highway assets valued at around Rs 1,200 crore.

source: Economic Times
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice

03/02/26, Crypto markets are sliding again, but this time the pain is being felt most by the companies that run the trading platforms. As retail investors step back, major crypto exchanges are seeing volumes dry up and their share prices tumble.

Bitcoin had dropped as low as $74,876 but later recovered some of the losses. The coin has fallen about 12% over the last seven days, eroding over $200 billion in market value, CoinMarketCap data shows.

While the digital token has fallen more than 35% since its October crash from record highs, the damage to exchanges has been far more serious. Shares of companies such as Coinbase, Gemini, and Bullish have dropped between 40% and 55% over the past three months, as falling volumes weigh on earnings expectations, Bloomberg reported.

For crypto exchanges, the problem is simple. Most of their income comes from transaction fees. When fewer people trade, revenues fall sharply. According to Bloomberg estimates, Coinbase's trading volumes in the latest quarter may have dropped 40% from a year earlier to $264 billion, with activity in January weakening even further.

What is causing this steep fall in trading?

Unlike previous crypto crashes driven by scandals or regulatory shocks, this downturn is marked by quite disengagement. Instead of panic selling, investors are simply staying away, a trend that could keep pressure on exchanges for months to come.

The slowdown is also making crypto exchange stocks particularly vulnerable compared to the broader market. Even relatively modest declines in cryptocurrency prices can translate into outsized revenue losses, as fewer traders mean fewer fees and weaker profit outlooks, Bloomberg reported.

Analysts say this pattern is typical of crypto cycles, where trading activity dries up quickly once enthusiasm fades. "When prices are rising, more people trade because they're afraid of missing out," said Peter Christiansen, director of digital assets equity research at Citigroup. But "if you get headwinds to that, it is hard to build momentum," he said.

Broader market conditions are adding to the pressure. Investors have been pulling back from riskier assets across equity markets, amid concerns about the impact of rising artificial intelligence costs, higher geopolitical uncertainty and a general shift away from technology.

Bitcoin's recent decline

Bitcoin has dropped over 10% in January alone, marking its fourth straight monthly decline, which is considered to be the longest losing streak since 2018, during the crash that followed the 2017 boom in initial coin offerings.

As per Bloomberg, the reason behind this slump is the broader market unrest, with gold continuing to fall on Monday after suffering its biggest drop in more than a decade at the end of last week.

Meanwhile, Bitcoin edged higher on Monday after the token fell below $80,000. The crypto was trading at $77,925.99 at 8:37 AM ET, up about 1%, according to data from CoinMetrics.

source: Mint; courtesy:Dailyhunt