Empowering Growth: Discover the Innovations from Gokaldas Exports, Pearl Global, Infosys, TCS, LTIMindtree, Tata Motors, Indus Towers, Bajaj Finance, and Paradeep Phosphates
The Indian stock market is poised for a significant gap-up opening on Tuesday, February 3, driven by positive sentiment following a landmark trade deal between India and the United States. The GIFT NIFTY futures indicate that the NIFTY50 index is set to rise by an impressive 1,073 points. Today’s trading session will see several sectors in the spotlight, particularly those linked to exports.
Key sectors expected to benefit from this trade agreement include IT services, textiles, pharmaceuticals, specialty chemicals, and auto ancillaries. This deal, announced late Monday by US President Donald Trump after a call with Prime Minister Narendra Modi, will lower the reciprocal tariff on Indian goods from 25% to 18%. Export-oriented sectors, already sensitive to tariff changes, may see a rebound after facing challenges in recent years.
Textile stocks such as Gokaldas Exports, Indo Count Industries, and KPR Mill are anticipated to gain attention, given that these companies rely heavily on the US market for revenue-typically between 50% and 70%. In the IT sector, giants like Infosys, TCS, and LTIMindtree are expected to see an uptick, benefitting from improved sentiment even if the tariff relief isn’t directly applicable.
Additionally, auto manufacturers like Tata Motors and suppliers such as Samvardhana Motherson are expected to be in focus. Pharmaceutical firms, including Sun Pharma, Dr. Reddy’s, and Cipla, will also be in the limelight. The specialty chemicals sector, represented by companies like SRF, is forecasted to benefit from the enhanced trade dynamics.
Today’s trading session will also be influenced by earnings reports from key players. Companies like Bajaj Finance, Adani Ports, and Pidilite Industries are set to unveil their December quarter financials. Indus Towers is particularly noteworthy, having reported a steep 55.6% decline in net profit to ₹1,776 crore, attributed to recent government measures regarding AGR dues expected to stabilize its financial outlook moving forward. Despite this downturn, the company achieved a consolidated revenue of ₹8,146 crore, marking a 7.9% year-on-year increase.
In another significant development, Akzo Nobel India saw its net profit drop by 31.58% to ₹74.3 crore for the December quarter. The decline was linked to exceptional losses related to new labor codes. Conversely, Thermax Ltd reported a substantial rise in net profit to ₹209.77 crore, bolstered by increased income.
In the real estate sector, Godrej Properties announced impressive sales exceeding ₹2,000 crore for a luxury project in Worli, while Mahindra Lifespace Developers reported a turnaround with a profitable December quarter, showing a net profit of ₹108.88 crore.
On the corporate front, the government is considering further reducing its 96.5% stake in Life Insurance Corporation (LIC) through public offerings, a conversation led by Financial Services Secretary M Nagaraju. Meanwhile, Tata Chemicals reported a wider net loss of ₹93 crore, raising concerns about revenue fluctuations in a challenging market.
As the day unfolds, all eyes will be on these pivotal sectors and earnings announcements. Investors are advised to stay tuned for further market developments as the trade dynamics reshape sector landscapes across the Indian economy.
Original Source: https://upstox.com/news/market-news/stocks/stocks-to-watch-february-3-gokaldas-exports-pearl-global-infosys-tcs-lti-mindtree-tata-motors-indus-towers-bajaj-finance-paradeep-phosphates/article-188819/
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Publish Date: 2026-02-03 08:15:00
