As Budget Day approaches on February 1, 2026, MarketSmith India has released its stock recommendations to guide investment decisions. The Indian stock markets closed lower on Friday, January 30, influenced by profit-taking ahead of the Union Budget, a drop in commodity prices and weak global cues, leading to cautious investor sentiment. The Sensex closed down approximately 0.35% at 82,269, while the Nifty 50 fell 0.40% to 25,320.
MarketSmith India is a stock research platform providing tools for investors and traders in the Indian stock market. These tools include stock screeners, watchlists, and chart patterns, supporting both fundamental and technical analysis. MarketSmith India also offers stock market courses based on the CANSLIM investing system developed by William J. O'Neil. Their services include advisory services from SEBI-registered research analysts.
While specific stock recommendations for Budget Day from MarketSmith India are currently unavailable, several stocks are expected to show strong performance. Hindustan Zinc, Hindalco, Tech Mahindra, Vedanta, Shriram Finance, SBI, Tata Steel, Nestle, Federal Bank, Ashok Leyland, National Aluminium, and JK Tyre are among those anticipated to perform well.
Examining stocks "on the move" can provide additional insights. MarketSmith India identifies stocks being bought or sold heavily by institutional investors. Stocks with an EPS & RS Rank of at least 70 and an A/D Rating of D+ or better that have a daily price change of at least 1/2 point with a volume change of 1/2 point or more compared to the 50-day average volume are considered "Up In Price". Stocks being sold heavily by institutional investors have a daily price change of -1/2 point or more with a volume change of 1/2 point or more compared to the 50-day average volume are considered "Down In Price".
Stocks that had the greatest percentage increase in volume above their normal past daily trading level are also noteworthy. This can indicate institutional buying or selling. Recent data highlights several companies with significant volume and price changes, including Vardhman Textiles, Strides Pharma Science, and Rhi Magnesita India. These stocks showed substantial percentage changes in both price and volume, suggesting increased investor interest.
Given the market's current sensitivity to budget announcements and global economic factors, investors should approach these recommendations with caution. Monitoring market trends, sector rotations, and individual stock performance will be crucial in navigating the market landscape.
