Stock Market Today: All You Need To Know Going Into Trade On Feb 3

Good morning!

The GIFT Nifty is trading 50 points or 0.2% higher at 25,917 as of 6:50 a.m., after an overnight surge of as much as 4.5%. India and the United States have agreed to a trade deal under which reciprocal tariffs on Indian goods will be slashed to 18% from 25% and the additional 25% duty linked to the purchases of Russian crude oil will be eliminated.

Asia Market Update

Asian stocks climbed after their steepest two-day drop since April as markets found footing following sharp swings in gold and silver that sent ripples across assets. The MSCI Asia Pacific Index climbed over 1.5%, with technology shares leading. Stocks in South Korea — a poster child for artificial intelligence and one of the world's best-performing indexes this year — recovered after plummeting 5.3% on Monday. 

US Market Check

US stocks rebounded on Monday, after stronger-than-expected manufacturing data outweighed lingering questions about the interest-rate outlook following President Donald Trump's decision to pick Kevin Warsh as the next Federal Reserve chair. The S&P 500 Index closed 0.5% higher in New York, falling short of a fresh record high as it snapped three consecutive sessions of losses. The technology-heavy Nasdaq 100 Index rose 0.7%.

ALSO READ: Market Rally On Cards: GIFT Nifty Soars Nearly 800 Points As India, US Sign Trade Deal; Wipro, Infosys ADRs Jump

India Market Recap

Indian equities opened in the red but gave up losses to close in green extending snapping its two-day fall. Intraday, both Nifty and Sensex fell nearly 0.60% but gained over 1%. Nifty ended 262.95 points or 1.06% higher at 25,088.40. Sensex ended 909.11 points or 1.13% higher at 81,632.05. 

Foreign portfolio investors offloaded shares worth Rs 1,859.72 crore on a net basis, according to provisional data on the National Stock Exchange Ltd. On the other hand, the domestic institutional investors (DIIs) net purchased shares worth Rs 1,764 crore.

ALSO READ: Trade Setup For Feb 3: Nifty Finds Resistance At 25,400-25,500 Levels As Volatility Remains Heightened

Earnings Post Market Hours

Ather Energy Q3 Highlights (Cons, YoY)

• Revenue up 50.19% at Rs 953.6 crore versus Rs 634.9 crore.
• EBITDA loss at Rs 72 crore versus loss of Rs 140.7 crore.
• Net loss at Rs 83.6 crore versus loss of Rs 197.6 crore.

Tata Chemicals Q3 Highlights (Cons, YoY)

• Revenue down 1.12% at Rs 3,550 crore versus Rs 3,590 crore.
• EBITDA down 20.5% at Rs 345 crore versus Rs 434 crore.
• EBITDA margin down 237 bps at 9.71% versus 12.08%.
• Net loss at Rs 93 crore versus loss of Rs 53 crore.

PB Fintech Q3 Highlights (Cons, YoY)

• Revenue up 37.1% at Rs 1,771 crore versus Rs 1,292 crore.
• EBITDA up ~476% at Rs 159 crore versus Rs 27.6 crore.
• EBITDA margin up 690 bps at 9% versus 2.1%.
• Net profit up ~164% at Rs 189 crore versus Rs 71.5 crore.

Bajaj Housing Q3 Highlights (Cons, YoY)

• Total income up 17.8% at Rs 2,886 crore versus Rs 2,451 crore.
• Net profit up 21.3% at Rs 665 crore versus Rs 548 crore.

City Union Bank Q3 Highlights (Standalone, YoY)

• NII up 28% at Rs 752 crore versus Rs 588 crore.
• Operating profit up 17.7% at Rs 513 crore versus Rs 436 crore.
• Provisions up 28% at Rs 96 crore versus Rs 75 crore.
• Gross NPA at 2.17% versus 2.42% (QoQ).
• Net NPA at 0.78% versus 0.9% (QoQ).
• Net profit up 16.1% at Rs 332 crore versus Rs 286 crore.

Utkarsh SFB Q3 Highlights (Standalone, YoY)

• NII down 27% at Rs 348 crore versus Rs 480 crore.
• Operating loss at Rs 44 crore versus profit of Rs 185 crore.
• Provisions up 5.5% at Rs 446 crore versus Rs 423 crore.
• Gross NPA at 11.05% versus 12.42% (QoQ).
• Net NPA at 4.48% versus 5.02% (QoQ).
• Net loss at Rs 375 crore versus loss of Rs 168 crore.

Awfis Space Solutions Q3 Highlights (Cons, YoY)

• Revenue up 20.16% at Rs 381.776 crore versus Rs 317.721 crore.
• EBITDA up 29.78% at Rs 139.21 crore versus Rs 107.26 crore.
• EBITDA margin up 270 bps at 36.46% versus 33.75%.
• Net profit up 42.66% at Rs 21.655 crore versus Rs 15.179 crore.

Railtel Q3 Highlights (Cons, YoY)

• Revenue up 18.99% at Rs 913.45 crore versus Rs 767.62 crore.
• EBITDA up 10.13% at Rs 133.43 crore versus Rs 121.15 crore.
• EBITDA margin down 117 bps at 14.6% versus 15.78%.
• Net profit down 4.07% at Rs 62.4 crore versus Rs 65.05 crore.

PG Electroplast Q3 Highlights (Cons, YoY)

• Revenue up 45.92% at Rs 1,412.13 crore versus Rs 967.69 crore.
• EBITDA up 37.23% at Rs 116.88 crore versus Rs 85.17 crore.
• EBITDA margin down 52 bps at 8.27% versus 8.8%.
• Net profit up 56.68% at Rs 61.9588 crore versus Rs 39.5439 crore.

eMudhra Q3 Highlights (Cons, YoY)

• Revenue up 35.4% at Rs 188.01 crore versus Rs 138.85 crore.
• EBIT up 32.87% at Rs 31.04 crore versus Rs 23.36 crore.
• EBIT margin down 31 bps at 16.5% versus 16.82%.
• Net profit up 36.68% at Rs 28.667 crore versus Rs 20.973 crore.

Corona Remedies Q3 Highlights (Cons, YoY)

• Revenue up 15.02% at Rs 342.42 crore versus Rs 297.69 crore.
• EBITDA up 19.79% at Rs 83.16 crore versus Rs 69.42 crore.
• EBITDA margin up 96 bps at 24.28% versus 23.31%.
• Net profit down 8.18% at Rs 41.27 crore versus Rs 44.95 crore.

Chalet Hotels Q3 Highlights (Cons, YoY)

• Revenue up 27.06% at Rs 581.68 crore versus Rs 457.79 crore.
• EBITDA up 29% at Rs 265 crore versus Rs 204 crore.
• EBITDA margin at 45.61% versus 44.63%.
• Net profit up 28.54% at Rs 124.09 crore versus Rs 96.54 crore.

Honeywell Automation Q3 Highlights (Cons, YoY)

• Revenue up 7.14% at Rs 1,168.7 crore versus Rs 1,090.8 crore.
• EBITDA up 3.94% at Rs 147.6 crore versus Rs 142 crore.
• EBITDA margin down 38 bps at 12.62% versus 13.01%.
• Net profit down 8.25% at Rs 121.2 crore versus Rs 132.1 crore.

Olectra Greentech Q3 Highlights (Cons, YoY)

• Revenue up 28.76% at Rs 663.6 crore versus Rs 515.37 crore.
• EBITDA up 18.1% at Rs 93.22 crore versus Rs 78.93 crore.
• EBITDA margin down 126 bps at 14.04% versus 15.31%.
• Net profit up 0.15% at Rs 46.4 crore versus Rs 46.33 crore.

Aditya Birla Lifestyle Q3 Highlights (Cons, YoY)

• Revenue up 9.57% at Rs 2,343.17 crore versus Rs 2,138.4 crore.
• EBITDA up 23.58% at Rs 411.81 crore versus Rs 333.23 crore.
• EBITDA margin up 199 bps at 17.57% versus 15.58%.
• Net profit up 14.42% at Rs 69.01 crore versus Rs 60.31 crore.

Aarti Industries Q3 Highlights (Cons, YoY)

• Revenue up 25.82% at Rs 2,319 crore versus Rs 1,843 crore.
• EBITDA up 38.79% at Rs 322 crore versus Rs 232 crore.
• EBITDA margin up 129 bps at 13.88% versus 12.58%.
• Net profit up 189.13% at Rs 133 crore versus Rs 46 crore.

Paradeep Phosphates Q3 Highlights (Cons, YoY)

• Revenue up 15.21% at Rs 5,748.67 crore versus Rs 4,989.55 crore.
• EBITDA up 7.84% at Rs 472.49 crore versus Rs 438.1 crore.
• EBITDA margin down 56 bps at 8.21% versus 8.78%.
• Net profit down 13.03% at Rs 182.06 crore versus Rs 209.34 crore.

Transrail Lighting Q3 Highlights

• Revenue up 32.59% at Rs 1,777.19 crore versus Rs 1,340.36 crore.
• EBITDA up 28.6% at Rs 208.49 crore versus Rs 162.12 crore.
• EBITDA margin down 36 bps at 11.73% versus 12.09%.
• Net profit up 17.69% at Rs 109.74 crore versus Rs 93.24 crore.

Thermax Q3 Highlights (Cons, YoY)

• Revenue up 4.19% at Rs 2,634.68 crore versus Rs 2,528.72 crore.
• EBITDA up 34.83% at Rs 254.82 crore versus Rs 188.99 crore.
• EBITDA margin up 219 bps at 9.67% versus 7.47%.
• Net profit up 76.16% at Rs 204.18 crore versus Rs 115.9 crore.

Indus Towers Q3 Highlights (Cons, YoY)

• Revenue up 7.9% at Rs 8,146 crore versus Rs 7,548 crore.
• EBITDA down 35.6% at Rs 4,509 crore versus Rs 6,997 crore.
• EBITDA margin down 3,740 bps at 55.3% versus 92.7%.
• Net profit down 55.6% at Rs 1,776 crore versus Rs 4,003 crore.

Interarch Building Solutions Q3 Highlights

• Revenue up 43.7% at Rs 523 crore versus Rs 364 crore.
• EBITDA up 43.2% at Rs 50.3 crore versus Rs 35.1 crore.
• EBITDA margin down 10 bps at 9.6% versus 9.7%.
• Net profit up 32.2% at Rs 37.3 crore versus Rs 28.2 crore.

Akzo Nobel India Q3 Highlights (Cons, YoY)

• Revenue down 13.59% at Rs 907.7 crore versus Rs 1,050.5 crore.
• EBITDA down 18.33% at Rs 136.3 crore versus Rs 166.9 crore.
• EBITDA margin down 87 bps at 15.02% versus 15.89%.
• Net profit down 31.58% at Rs 74.3 crore versus Rs 108.6 crore.

Veedol Corp Q3 Highlights (Cons, YoY0

• Revenue up 11.5% at Rs 538 crore versus Rs 482 crore.
• EBITDA up 35.3% at Rs 51.6 crore versus Rs 38.1 crore.
• EBITDA margin up 170 bps at 9.6% versus 7.9%.
• Net profit up 16.6% at Rs 43.6 crore versus Rs 37.3 crore.

Ventive Hospitality Q3 Highlights (Cons, YoY)

• Revenue up 28.4% at Rs 685 crore versus Rs 534 crore.
• EBITDA up 26.9% at Rs 311 crore versus Rs 245 crore.
• EBITDA margin down 50 bps at 45.4% versus 45.9%.
• Net profit up ~427% at Rs 117 crore versus Rs 22.2 crore.

Adani Ports & SEZ Business Update 

• Cargo handled at 44.8 MMT in Jan 2026, up 12% YoY.
• Growth led by containers, liquids and dry cargo.
• Cargo handled YTD Jan 2026 at 412.2 MMT, up 18% YoY.

Maruti Suzuki Business Update

• Total production in Jan 2026 at 2.26 lakh units versus 2.06 lakh in Jan 2025.
• Passenger vehicle production rose to 2.21 lakh units from 2.01 lakh YoY.
• Light commercial vehicle production declined to 4,169 units from 4,867 YoY.
• If you'd like, I can also compress this into a tighter ticker-style roundup for broadcast or terminal use.

ALSO READ: India-US Trade Deal Live: Stock Markets, Rupee Poised For Rally After Tariff Cut

Stocks In News

• IRB Infra: The company completes transfer of project to arm; receives Rs 513 crore. Will use this to cut debt by Rs. 700 crore.
• Power Grid Corporation of India: The company's arm commissions 4.5 GW transmission scheme.
• Tata Chemicals: The company will invest Rs 515 crore to set up an IVSD manufacturing facility.
• NTPC Green: The company inks MOU with Assago Industries to supply green ammonia, CO2, RE Power & other utilities.
• Pb fintech: The company schedules a board meeting on Feb 5, to consider QIP fund raising for inorganic investments.
• Sundaram Finance: The company revises the limit for raising funds from Rs. 13,000 crore to Rs. 16,000 crore.
• Aditya Birla Lifestyle: The company approves issuance of NCDs up Rs. 500 crore.
• Infosys: The company renews & expands multi-year partnership with Madison Square Garden.
• Ujaas Energy: The company shares the sad news of their Chairman & Managing Director, Mr. Shyamsundar Mundra.
• Unichem: USFDA inspection at the company's Kolhapur API facility results in 5 observations.
• BPCL: The company clarifies that crude oil supply agreement with Trafigura is in normal course of business. It shall not be considered the cause of price movement.
• eMudhra: The company informs merger of US based AI Cyber Forge Inc, with eMudhra Inc.
• Aditya Infotech: The company incorporates subsidiary in Taiwan for R&D activities.
• BLS International: The company acquires 95% in MVA International which does visa & passport processing for 1000 BHD.   
• Brightcom Group: The company approves cancellation of preferential allotments to LGOF Global Opportunities & Connecor Investment Enterprise.
• Tata Power: The company commissions 198 MW group captive project in Tamil Nadu.
• Interarch Building Solutions: The company approves commencement of Phase 2 of Andhra plant with 24,000 MT capacity addition.
• Jash Industries: NCLT approves the merger of Shivpad Engineers with Jash Engineering.
• Zen Technologies: The company appoints Mr. Hari Chalat as CFO & re-appoints Mr. Ashok Atluri as Chairman & MD for 3 years.
• ACME Solar: The company's arm receives certificate of commissioning for 16 MW out of it 100 MW wind power project.
• Tata Steel: The company infuses Rs 5754 crore in its foreign arm, T Steel Holdings.
• Oil India: The company clarifies that news of seismic studies of blocks acquisition is general in nature & not linked to price variation.
• Brigade Hotel Ventures: The company signs MOU with Tamil Nade govt to invest Rs 1100 crore in Chennai, to add 500+ keys in 3 Chennai hotels.
• Rites: The company resigns MOU with SAIL for loco leasing & maintenance services.
• CreditAccess Grameen: The company clarifies that no decisions have been taken regarding any potential sale of shares by promoters.
• Shriram Piston: The company approves raising Rs 1,000 crore through NCDs.
• Interarch Building Solutions: The company will raise Rs 100 crore through QIP.
• Artemis Medicare: The company approves raising funds upto Rs 700 crore.
• Orient Green Power: The company's arm approves an expansion plan by entering into an EPC contract with Renfra Energy India worth Rs 85 crore.
• Coal India: The company informs that the upgraded pay scale of executives has a financial impact of Rs 3400 crores.
• Bharti Airtel: The company appoints Mr. Shashwat Sharma as Managing Director & CEO for a period of 5 years.

Bulk & Block Deals

• Clean Science & Tech: Amansa Holding bought 11.8 lakh shares at Rs.791.84 apiece.
• India Home: Lloyds Enterprises bought 75 lakh shares at Rs.13.3 apiece.

ALSO READ: India Mulls 49% FDI Limit In PSU Banks To Fund Growth

Trading Tweaks

• Vaibhav Global: Interim Dividend – Rs 1.50 per share
• Symphony: Interim Dividend – Rs 2 per share
• GPT Infraprojects: Interim Dividend – Rs 0.75 per share
• Garden Reach Shipbuilders & Engineers: Interim Dividend – Rs 7.15 per share
• Cochin Shipyard: Interim Dividend – Rs 3.50 per share
• Studds Accessories: 3 months lock-in of 1 million shares ends, 3% of total of outstanding equity.
• Akums Drugs and Pharma: 1.5 years and beyond lock-in on 31.5 million shares, 20% of total of outstanding equity.
• List of securities shortlisted in Short - Term ASM Framework Stage: Mtar Technologies, Sterlite Technologies
• List of securities to be excluded from ASM Framework: Baazar Style Retail

F&O Cues

• Nifty Feb futures is up 1.19% to 25,149.60 at a premium of 62 points.
• Nifty Options 3rd Feb Expiry: Maximum Call open interest at 26,000 and Maximum Put open interest at 24,000
• Securities in ban period: Sammaan Capital

ALSO READ: India Auto Sales Surge In January As Maruti, Tata, Mahindra, Hyundai Post Strong Growth

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