๐ฐ India Business Brief: Top Headlines for February 04, 2026
Published: 2026-02-04 08:30 IST | Category: Markets | Author: Abhi
Business Standard
- Stocks to Watch: Market attention is focused on Bajaj Finance, Nazara Technologies, Mankind Pharma, and NBCC following recent quarterly performances and sector-specific triggers.
- Market Outlook: Analysts report a bullish reversal trend for the Nifty 50, with key support identified at 25,500 and a long-term target of 29,000 by the end of the fiscal year.
- Trade Breakthrough: The India-US trade pact is expected to provide a massive competitive edge to Indian telecom, gems, and jewellery exporters as reciprocal tariffs are reset.
- Logistics Update: Maritime stakeholders have announced a collaboration to form a new national container carrier to bolster India's shipping self-reliance.
Economic Times
- Trade Diplomacy: The new pact with the US has been termed the "father of all deals," with projections suggesting bilateral trade could soar to $500 billion in the coming years.
- Medical Device Boost: US tariffs on Indian medical devices have been slashed from 50% to 18%, a move industry leaders call "transformative" for domestic manufacturers competing with China.
- Budget Analysis: Experts highlight that Budget 2026 focuses on "quiet continuity," avoiding fiscal adventurism while reshaping investor taxes to favor long-term stability.
- Corporate Leadership: Adani Ports has officially appointed Sreedhar Krishna Menon as its new CFO, while globally, Disney has named Josh D'Amaro as the successor to CEO Bob Iger.
Mint
- Market Rally: The BSE Sensex closed over 2,000 points higher, settling at 83,739, while the Nifty 50 climbed 2.5% to reach 25,718 following the trade deal confirmation.
- Commodity Surge: MCX gold prices are nearing the โน1.52 lakh mark per 10 grams, and silver has jumped 12% due to rising industrial demand and a constrained global supply.
- Economic Projections: The Department of Economic Affairs (DEA) anticipates that the reduced trade barriers will provide a significant lift to Indiaโs nominal GDP growth in the upcoming quarters.
- Fintech & Startups: PhonePe is leveraging its massive user base to expand into diversified financial services ahead of its highly anticipated IPO.
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Tags: Headlines Business News Economic Times Business Standard Mint Top News