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I) Nifty: opened at 23528 and touched a high of 23632, then a low of 23318, and closed at 23482 with a total of -13 points in Negative.
II) Bank Nifty: opened at 49592 and touched a high of 50009, then a low of 48925, and closed at 49506 with a total of -14 points Negative.
III) CNX Finance: opened at 23231 and touched a high of 23387, then a low of 22795, and closed at 23170, with a total of -10 points in Negative.
IV) Nifty Mid Select: open 11975 and touched a high of 12003, then a low of 11647 and closed at 11864, With a total of +22 points in Positive.
1. Blue Star:- experienced significant stock volatility on January 30, 2025, with a notable intraday high and low. While the company's performance outpaced the broader sector, it lagged behind the Sensex. Over the past month, Blue Star has faced challenges, reflected in its mixed moving averages.
2. Godfrey Phillip:-Godfrey Phillips India Ltd (down 10 per cent), VST Industries (down 6 per cent), Golden Tobacco Ltd (down 4.83 per cent) and ITC (down 3.7 per cent) fell up to 10 per cent in January.
1. Ircon Internati:- Ircon International Share Price | The share touched a 52-week high of Rs 351.65 and a 52-week low of Rs 175.25 on 15 July 2024 and 14 March 2024, respectively. Currently, the stock is trading 41.49 per cent below its 52-week high and 17.4 per cent above its 52-week low.
2. Rail Vikas:- Rail Vikas Nigam Share Price Today Live Updates, 01 Feb 2025: Here is a comprehensive overview of Rail Vikas Nigam share price. The stock is in focus. Track the intra-day highs and lows and get a detailed analysis of the 52-week performance along with the volume movement of Rail Vikas Nigam shares right here.
On February 1, 2025, the Indian stock market showed a mixed response to the Union Budget announcement. The Nifty 50 index dropped by 0.27%, and the BSE Sensex declined by 0.14%. Infrastructure stocks such as Larsen & Toubro, PNC Infratech, and NBCC saw a decline due to a modest increase in capital expenditure, which fell short of market expectations. The market had hoped for more robust infrastructure investments, but the actual allocation did not meet those projections, causing a negative sentiment in these sectors.
On the other hand, consumption-driven sectors such as FMCG, automotive, and real estate reacted positively to the budget, particularly benefiting from income tax cuts aimed at boosting consumer spending. Companies like Trent, Maruti Suzuki, and Britannia saw notable gains as investors looked forward to improved demand. The sentiment in these sectors reflected optimism about increased consumer purchasing power and spending capacity. Despite the cautious mood in some areas, investors remained hopeful about the potential long-term benefits of the policies, particularly in the consumption-driven economy. The overall market sentiment was mixed but optimistic, with investors closely watching how budget policies would impact economic growth and corporate earnings moving forward.
