The rupee gained 42 paise to close at 91.51 (provisional) against the U.S. dollar on Monday (February 2, 2026), a day after the Union Budget 2026-27 was presented, largely as crude oil prices retreated from their elevated levels. Also Read | Rupee hits all-time low of 92 against U.S
The Union Budget 2026 has proposed a significant change that directly affects investors who borrow funds to invest in dividend-paying stocks or mutual funds. The proposal removes the existing tax benefit that allowed investors to claim a deduction on interest paid for such borrowings
West Bengal emerged as a major beneficiary of railway-led infrastructure expansion this weekend, with a series of announcements signalling a significant boost for connectivity in the state, particularly in North Bengal. A day after the Ministry of Railways cleared three new railway line projects
Hours before she was scheduled to lead a Trinamool Congress (TMC) delegation to meet Chief Election Commissioner Gyanesh Kumar in Delhi over the Special Intensive Revision (SIR) of electoral rolls, West Bengal Chief Minister Mamata Banerjee on Monday alleged that Bengalis in the Capital were being
The NFL's 2025 season has provided the most wide-open race for the Super Bowl in years. Now just the New England Patriots and the Seattle Seahawks remain and they will meet on Sunday to decide the NFL champions. It is a title New England have held six times but this is their first Super Bowl since
Technical Picks: Nagaraj Shetti of HDFC Securities suggests 2 stocks to buy
Technical Picks: Nagaraj Shetti of HDFC Securities suggests these 2 stocks to buy in near term
Technical Picks: The Indian stock market has faced intense selling pressure over the last two days and been in the red for five sessions in a row, with the uncertainty over Trump tariffs emerging as a major concern for investors.
US President Donald Trump is considering tariffs of up to 500% on countries buying oil from Russia, and has warned India of higher tariffs over the matter. This consists of an initial 25% tariff under a reciprocal tariff order, plus an additional 25% duty linked to India's continued purchase of Russian crude oil
Furthermore, the US Supreme Court is expected to issue its order on Trump's “Liberation Day” tariffs on Friday, January 9, keeping investors on the sidelines ahead of the ruling. If the Supreme Court declares Trump tariffs illegal, there would be a rally in India since it has been the worst affected by the 50% tariffs, said Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.
Sensex lost over 670 points in intraday trading today, January 9, taking its cumulative five-day losses to over 2,200 points or 2.6%. Nifty 50, meanwhile, has lost 2.5%.
Amid the current market environment, Nagaraj Shetti, Senior Technical Research Analyst of HDFC Securities, shares his technical outlook for Nifty for the week and two stocks to buy.
Nifty 50 Outlook by Nagraj Shetti
After showing weakness amidst a range movement in the last few sessions, Nifty slipped into sharp weakness on Thursday. The short-term trend of the market remains weak, with the overall medium-term trend of the Nifty still positive.The bullish chart pattern with higher tops and bottoms is intact on the daily chart, and the present weakness could be in line with the new higher bottom formation only after the confirmation.
The underlying short-term trend of Nifty has turned down, and the immediate support of 26100 has been broken on the downside. The next lower support to be watched is around the 25,850 levels. Immediate resistance is placed at 26150.
Technical Picks: Stocks to buy or sell in the near-term
Nagaraj Shetti of HDFC Securities recommends these two stocks to buy this week - Dabur and Inox Wind.Dabur: Buy Dabur at ₹525, with a target price of ₹550 and a stop loss of ₹510. The timeframe is a week.
Inox Wind: Buy Inox Wind at ₹120, with a target price of ₹114 and a stop loss of ₹124. The timeframe is a week.
Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions.
Source: LiveMint
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