Archive · 30 Jan 2026
Indian Stock Market Gains Amid Strong Economic Outlook
The Indian stock market had a good day, with the Sensex and Nifty 50 going up.
This happened because people are feeling positive about the Indian economy, which is expected to grow by about 7% next year.
Some stocks like Tata Steel, L&T, and Axis Bank did really well.
Experts are suggesting which stocks to buy for the short term, like BSE, Tata Steel, and Ramco Cements.
They think these stocks have good chances to go up in price.
The market is also waiting for the Union Budget, which will be announced soon.
Brokerages like Jefferies and HDFC Securities are giving their opinions on different sectors and stocks, saying which ones might do well.
They are looking at things like infrastructure, defence, and power demand.
Overall, people are feeling hopeful but also being careful because there are some uncertainties.
The Indian stock market ended positively for the third consecutive session, with the Sensex and Nifty 50 rising by 0.27% and 0.30% respectively.
Top gainers in the Nifty 50 included Tata Steel, Larsen & Toubro (L&T), and Axis Bank.
Brokerages like Religare Broking and Jefferies recommended stocks like BSE, Tata Steel, and Ramco Cements for short-term gains.
The market is focusing on the Union Budget 2026, expected to be announced on February 1, with sectors like defence, infrastructure, and power in the spotlight.
Jefferies highlighted infrastructure, power, and defence sectors, with specific stock recommendations and target prices.
- Who
- Indian stock market investors, brokerages, and analysts
- What
- Market gains and stock recommendations ahead of the Union Budget 2026
- When
- January 29, 2026, with the Union Budget on February 1, 2026
- Where
- India
- Why
- Strong economic outlook, sector-specific growth prospects, and strategic initiatives
- Sensex Closing
- 82,566.37 (up 222 points, 0.27%)
- Nifty 50 Closing
- 25,418.90 (up 76 points, 0.30%)
- Top Gainers in Nifty 50
- Tata Steel, Larsen & Toubro (L&T), Axis Bank
- Nifty Metal Index Gain
- 3%
- Nifty Bank, Private Bank, Realty, Financial Services Gains
- Up to 1%
- Nifty 50 Target
- 25,600 (as per Ajit Mishra, SVP of Research at Religare Broking)
- BSE Target Price
- ₹3,080 (with a stop loss at ₹2,740)
- Tata Steel Target Price
- ₹218 (with a stop loss at ₹194)
- The Ramco Cements Target Price
- ₹1,175 (with a stop loss at ₹1,060)
- Union Budget Date
- February 1, 2026
- Economic Survey Projected GDP Growth for FY27
- 6.8–7.2%
- Jefferies' L&T Price Target
- ₹4,715 (24% upside)
- Jefferies' NTPC Target Price
- ₹440 (28% upside)
- Jefferies' BEL Target Price
- ₹510 (22% upside)
- Jefferies' KEI Industries Target Price
- ₹5,460 (43% upside)
- Jefferies' Siemens Energy Target Price
- ₹3,700 (68% upside)
- Jefferies' Hitachi Energy Target Price
- ₹25,000 (48% upside)
- Jefferies' JSW Energy Target Price
- ₹660 (50% upside)
- HDFC Securities' Defence and Railways Picks
- BEL, HAL, IRCON, RVNL
- Choice Institutional Equities' BEL Target Price
- ₹550
- Choice Broking's Defence Picks
- Cochin Shipyard, Mazagon Dock, GRSE, MTAR Technologies
- Choice Institutional Equities' UltraTech Cement Target Price
- ₹15,210
- Choice Institutional Equities' Hindware Home Innovation Target Price
- ₹430
- Octanom Technologies' Maruti Suzuki Target
- ₹15,300–15,700
- Octanom Technologies' M&M Target
- ₹3,550–3,700
- Choice Institutional Equities' M&M Target Price
- ₹4,450
- Choice Institutional Equities' Bajaj Auto Target Price
- ₹9,975
- Choice Institutional Equities' TVS Motor Target Price
- ₹3,920
- Choice Institutional Equities' Lumax Auto Target Price
- ₹1,480
- Octanom Technologies' Aurobindo Pharma Target
- ₹1,220–1,280
- Octanom Technologies' Laurus Labs Target
- ₹1,050–1,100
- Choice Institutional Equities' Artemis Medicare Services Target Price
- ₹325
- Choice Institutional Equities' TCS Target Price
- ₹3,950
- Choice Broking's Jindal Stainless and JSW Steel Picks
- Key beneficiaries of reduced tariffs
- HDFC Securities' Commodity Picks
- Jindal Steel, JSW Steel, Tata Steel, NMDC, Hindustan Copper, Hindustan Zinc, NALCO
- Choice Broking's Textile Picks
- KPR Mills, Arvind
- Choice Broking's Chemical Picks
- SRF, Navin Fluorine, PI Industries, UPL
Sources
GE Vernova T&D shares jump 9% after stellar Q3 results, brokerages lift targets
L&T shares top Nifty 50 gainers after Q3 results, brokerages upbeat on growth outlook
Vedanta Q3 FY26 results: Profit rises 61% to Rs 5,710 crore, revenue at Rs 23,369 crore
Mergers, headwinds, missed bets: How L&T missed growth targets for IT units set five years ago
Brokerages see L&T surpassing 10% order growth target
Jefferies’ top power, defence and infra sector picks with upto 68% upside potential
Stock market, Budget 2026: BEL, 29 other Budget stocks to watch on February 1
Stocks to buy for short term: From BSE to Tata Steel— Ajit Mishra of Religare Broking suggests 3 technical picks
ITC share price jumps despite stock market crash. Is Q3 results 2026 behind this resilience?