By theindianinvestor 
Monday, 3rd Feb 2025
Time: 7:45 AM IST
insights :
1. On Saturday, Nifty fell by 26 points and closed at 23,482. Markets closed almost flat.
2. Changes in personal taxation are good for boosting consumption in the middle class.
3. Nifty Realty Index and Nifty FMCG Index rallied 5% and 3%, respectively.
4. As this budget disappoints on capex allocation, stocks related to capex like NCC and LT fell more than 3%, dragging overall Nifty.
5. ITC was up by 5% as there is no news on tobacco taxes.
6. VIX fell nearly 13% on Saturday. In the last three days, VIX has fallen by 26%.
7. On budget day, there were high expectations on the positive side, but nothing major happened.
8. No bad news is sometimes good news for stock markets.
9. Even on budget day, FIIs sold more than Rs 1,000 crores in the cash market.
10. Now, focus shifts towards the Delhi election and RBI policy (on February 7th).
11. RBI may cut rates by 25 basis points, and if that happens, Bank Nifty will move higher.
12. Trump imposes fresh tariffs on Mexico (25%), Canada (25%), and China (10%), starting from February 4th.
13. US Dow futures are trading lower.
14. Asian markets are trading lower.
15. The dollar index is trading at 109.7, rising after Trump imposed tariffs.
16. US 10-year bond yields are trading at 4.51%, consolidating at this level.
17. Brent crude is trading around $76/bbl, with no major changes.
18. GIFT Nifty indicates a negative start for our markets, down by 200 points.
19. Nifty might take support around 23,000 and face resistance at 23,500.