New Delhi: Key triggers such as Q3 earnings from domestic companies, the US Federal Reserve’s decision on interest rate and the upcoming Union Budget for
2026-27 on February 1 would influence the Stock Market movement. The Indian equity markets would remain closed on Monday for Republic Day.
Experts are of the view that selling and buying activities of foreign investors, rupee-dollar exchange rate, global trade related developments would also be factors affecting the market movement.
Union Finance Minister Nirmala Sitharaman will present the Union Budget on February 1 (Sunday). The Stock Market will conduct live trading on Sunday, February 1, when the Budget is presented.
Global Triggers: US Fed’s Rate Decision
“This week is packed with important domestic and global triggers. On the domestic front, markets will track industrial production data, government budget-related fiscal indicators, and weekly foreign exchange reserves.
“The earnings season will also gain momentum, with key results from heavyweights such as Axis Bank, L&T, Maruti Suzuki, ITC, NTPC, and Bajaj Auto,” Ajit Mishra – SVP, Research, Religare Broking Ltd, told PTI.
Q3 Earnings Season: Market Implications
VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said the domestic market has been hit by relentless selling by FIIs, sustained rupee depreciation, and lack of any finality regarding US-India trade deal and unimpressive Q3 FY26 results.
Last week, the BSE benchmark plunged 2,032.65 points, and the NSE Nifty declined by 645.7 points.
“Beyond fiscal arithmetic, the Union Budget is expected to sustain its focus on supporting MSMEs facing tariff-related external pressures, pursue further rationalization of customs duties, maintain its emphasis on capital expenditure, and explore measures to incentivize job creation,” Namrata Mittal, CFA, Chief Economist, SBI Mutual Fund, said on Budget expectations.
Provided there are no major tax shocks, the equity market is likely to see only limited impact from this year’s Budget, Mittal added.
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