Market & Growth Outlook
The Indian economic landscape presented a mix of activities, including stock market movements and growth forecasts. The IMF upgraded India's growth forecast to 7.3%
for fiscal year 2026, despite global trade and tariff tensions. Various stock-related reports highlighted the performance of different companies, like Wipro, and offered insights into potential upsides in the market. Simultaneously, silver prices showed fluctuations, and gold reached new record highs, reflecting investor sentiments and global market dynamics. Furthermore, the market experienced declines, with the Sensex and Nifty showing downturns attributed to various factors. Experts also provided insight into market strategies, and recommendations for investors.
Budget 2026 Focus
Budget 2026 drew considerable attention, with discussions about potential reforms and their impact on taxpayers and businesses. Experts explored how the new tax regime could become more attractive, considering factors like tax clarity and faster dispute resolution to enhance business ease. Discussions also encompassed the possible introduction of joint tax filing for married couples. Morgan Stanley identified key reforms needed across sectors, including auto, telecom, railways, and defense. The announcements will be made on February 1st, 2026, and the BSE and NSE would remain open for live stock trading on that day.
Banking & Finance
The banking sector displayed a robust performance with announcements from various financial institutions. RBL Bank's Q3 results showcased a significant rise in net profit, and Yes Bank reported a substantial increase in net profit as well. HDFC Bank and ICICI Bank also released their Q3 results, offering insights into their financial performances. Government staff saw positive news with the introduction of new salary accounts that combined loans, insurance, and card benefits. Additionally, discussions included the impact of the RBI's Integrated Ombudsman Scheme 2026, slated to go live in July. Furthermore, banks were preparing for potential closures due to employee strikes demanding a five-day work week.
Investment & Trends
Investment opportunities and market trends featured prominently in recent financial news. The Bharat Coking Coal IPO garnered substantial interest, with strong subscription numbers and predictions of bumper gains upon listing. Analysts discussed factors influencing bullion prices, especially concerning gold. Furthermore, discussions included the performance of gold and silver in light of global uncertainty, with silver prices reaching a peak. The launch of India’s first AI gold ATM in Hyderabad offered a new approach for turning old gold into cash. HDFC Securities suggested various stocks for SIPs in 2026.
Taxation & Refunds
Tax-related topics and income tax refunds generated significant interest. The introduction of a new income tax regime from April 2026 generated discussions, with experts outlining changes. Taxpayers were focused on delayed ITR refunds and the steps to address such issues, including contacting relevant authorities. Details about the reasons for delay, interest rules, and how to check status were also outlined. The income tax department's tracking of online spending and digital activity was also clarified, providing insight for taxpayers. The Karur Vysya Bank launched a Capital Gains Account for tax relief.
Market Performances
The stock market exhibited significant activity, with key events impacting investor sentiment. Several stocks experienced notable movements, including those from Wipro, RIL, ICICI Bank, and HDFC Bank. IndiGo shares jumped despite a penalty, while Hindustan Zinc and silver ETFs saw gains due to rising silver prices. Market analysis covered factors behind declines and reactions to results released by various companies. The NSE IPO neared regulatory clearance, with SEBI’s chief signaling approval within the month.
Digital Payments Surge
Digital payments continued to grow, marking a major shift in how transactions are conducted. The DIGIDHAN Mission drove an impressive 41% CAGR, with digital payments reaching 22,831 crore in FY25, as reported by the government. This indicated a strong preference among people towards digital payment methods. The launch of UPI-based EPF withdrawals also highlighted the growing trend of digital convenience, allowing EPFO subscribers to directly receive funds without filing claims. Moreover, other financial sectors such as the travel sector has shown a rise in digital payment options.
