Page 7 - Market Lens
Budget 2026: Mid, smallcap indices fall 4% in 2 days as STT hike takes toll
Small and mid-cap stocks (SMIDs) extended their slide on Monday as Budget 2026's proposal to double STT on F&O trades triggered liquidity concerns.
 "Budget 2026: Mid, smallcap indices fall 4% in 2 days as STT hike takes toll")
From Jefferies to Goldman Sachs: Brokerages decode Budget 2026 fine print
Jefferies' industry discussions indicate up to 5 per cent volume impact, and estimate a 5 per cent decline in ADTO/orders for BSE/GROWW could result in 4 per cent earnings impact
 "From Jefferies to Goldman Sachs: Brokerages decode Budget 2026 fine print")
ITC, SBI Card, IEX: 20 of BSE 500 stocks hit 52-week lows post Budget 2026
ACC, IRCTC, IREDA, Akzo Nobel India, Emami, KPIT Technologies and Premier Energies also hit 52-week lows in the intraday trade on February 1
 "ITC, SBI Card, IEX: 20 of BSE 500 stocks hit 52-week lows post Budget 2026")
Gold, silver ETFs plunge up to 19% as precious metals see historic rout
Calling this record crash in gold and silver prices a "rare" event, Zerodha founder and CEO Nithin Kamath said these are the days when risk management doesn't work
 "Gold, silver ETFs plunge up to 19% as precious metals see historic rout")
Markets mostly rebound after pre-Budget corrections: SBI Securities
One- and three-month performance strong on three occasions when markets fell 3% or more ahead of the Budget
 "Markets mostly rebound after pre-Budget corrections: SBI Securities")
Chris Wood trims India exposure; UBS, Bernstein cautious on Indian equities
Besides Wood, analysts at Bernstein and UBS, too, have reiterated their cautious stance on Indian equities. Those at Bernstein cut their rating on India to 'neutral'
 "Chris Wood trims India exposure; UBS, Bernstein cautious on Indian equities")
Poor earnings, weak rupee keep FPIs underweight on Indian stocks in 2026
Analysts tracking overseas investor sentiment say Indian stocks are currently "not a compelling buy" for global funds right now
 "Poor earnings, weak rupee keep FPIs underweight on Indian stocks in 2026")
Fastest ever Rs 1-lakh/kg rise for silver on MCX; hits Rs 4-lakh mark
Despite the sharp run, analysts expect silver prices to continue their upward march amid intermittent corrections, which they feel will be bought into by investors.
 "Fastest ever Rs 1-lakh/kg rise for silver on MCX; hits Rs 4-lakh mark")
Look for strength in despair to find the next market leaders: Harini Dedhia
52-week low lists become a common hunting ground to find investments among those that were the darlings of the market in the most recent run-up prior to the correction
 "Look for strength in despair to find the next market leaders: Harini Dedhia")
India-EU FTA: Brokerages decode impact for markets, sectors, companies
In fiscal 2024-25 (FY25), India, according to HSBC, exported $76 billion worth of goods to the EU and bought $61 billion worth of goods from the EU
 "India-EU FTA: Brokerages decode impact for markets, sectors, companies")
ITC, Cipla, Syngene, Dixon, IEX among 69 BSE 500 at 52-week lows on Tuesday
Bata India, Indian Hotels, IGL, MGL, Just Dial, Kalyan Jewellers, Jubilant FoodWorks, Oberoi Realty, Mankind Pharma and Suzlon Energy have hit their respective 52-week lows.
 "ITC, Cipla, Syngene, Dixon, IEX among 69 BSE 500 at 52-week lows on Tuesday")
FMCG, financials, IT saw most FPI selling pressure in first half of Jan
FPIs extend equity selloff in early 2026, dumping FMCG, financials and IT stocks, while rotating into metals and cyclical sectors amid earnings and trade worries
 "FMCG, financials, IT saw most FPI selling pressure in first half of Jan")
Gold can hit $7000/oz; buy the dips and hold for the long-term: Analysts
Despite the dip seen on Thursday, analysts suggest gold continues to be a reliable long-term portfolio anchor, rather than a short-term trade.
 "Gold can hit $7000/oz; buy the dips and hold for the long-term: Analysts")
Markets giving too much importance to pending India-US trade deal: Analysts
India's exports to the EU, Incred suggests, are already comparable to those to the US, and within two-three quarters, supply chains can pivot meaningfully toward Europe
 "Markets giving too much importance to pending India-US trade deal: Analysts")
ITC, Trent, Suzlon: 76 BSE500 stocks hit 52-week lows amid market crash
Share price of Kalyan Jewellers India tanked 14 per cent to hit a 52-week low of ₹390 amid heavy volumes.
 "ITC, Trent, Suzlon: 76 BSE500 stocks hit 52-week lows amid market crash")
BSE Smallcap index hits over 8-month low; 201 stocks fall to 52-week lows
Thus far in the month of January 2026, the Smallcap index has underperformed the market by falling 6.3 per cent, as compared to 2.8 per cent decline in the BSE Sensex.
 "BSE Smallcap index hits over 8-month low; 201 stocks fall to 52-week lows")
Silver hits Rs 300,000/kg on MCX; analysts see more upside amid volatility
Silver moving through the $90/oz mark, believes Nigel Green, chief executive officer of deVere Group, a global consulting firm that has $14 billion in AUM, marks a decisive shift in market psycology
 "Silver hits Rs 300,000/kg on MCX; analysts see more upside amid volatility")
Smallcap mutual funds looking to distance from stocks beyond top 1,000
Their exposure just 2% of scheme corpus, finds study
 "Smallcap mutual funds looking to distance from stocks beyond top 1,000")
Domestic mutual funds turn homeward in December, pare global exposure
Domestic mutual funds shifted focus to India-facing growth stocks in December, increasing bets on financials, consumption and aviation while trimming global-facing names
 "Domestic mutual funds turn homeward in December, pare global exposure")
70% of Nifty 500 stocks in red in Jan 2026: What's next for Indian markets?
Indian stock markets start 2026 on a weak note, with 70 per cent of Nifty 500 stocks in red amid FII selling, global uncertainty, and tariff worries
 "70% of Nifty 500 stocks in red in Jan 2026: What's next for Indian markets?")