Archive · 2 Feb 2026
Stocks to Watch on February 2
On February 2, 2026, the Indian stock market is watching several companies closely.
BSE and Groww stocks fell because the government raised taxes on futures and options trading.
IDBI Bank is in the spotlight as the government is selling part of it.
Hero MotoCorp sold more motorcycles in January.
Blue Star had a problem with hackers accessing their data.
Quess Corp has to pay a big tax bill.
MOIL is starting a new mining project with a state company.
The budget also mentioned biopharma companies, which might see more business.
The market is waiting to see how foreign investors react to these changes.
BSE and Groww stocks fell 5-10% due to a hike in Securities Transaction Tax on futures and options.
IDBI Bank is in the third stage of strategic disinvestment, with technical and financial bids invited.
Hero MotoCorp reported a 26% year-on-year increase in January 2025 sales, with total volumes rising to 5.57 lakh units.
Blue Star disclosed unauthorized access to its product installation data and has engaged cybersecurity experts.
Quess Corp received a final assessment order from the income tax department, raising a demand of Rs 160 crore.
MOIL's board approved a joint venture with the Madhya Pradesh State Mining Corporation for manganese ore mining operations.
- Who
- Investors, companies like BSE, Groww, IDBI Bank, MOIL, Hero MotoCorp, Blue Star, Quess Corp, and biopharma companies
- What
- Reactions to Union Budget 2026-27, including STT hike on F&O trading, strategic disinvestment updates, sales reports, cybersecurity incidents, and tax demands
- When
- February 2, 2026
- Where
- India
- Why
- Market reactions to budget proposals and company-specific developments
- BSE Turnover
- Rs 4,200 crore
- Groww Volumes
- Rs 1,500 crore
- IDBI Bank Stage
- Stage three of strategic disinvestment
- Hero MotoCorp Sales
- 5.57 lakh units in January 2025
- Blue Star Incident
- Unauthorized access to product installation data
- Quess Corp Tax Demand
- Rs 160 crore
- MOIL JV
- Joint venture with Madhya Pradesh State Mining Corporation
- STT Hike
- Futures: 0.05% from 0.02%; Options: 0.15% from 0.1%
Sources
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