Up-and-coming stock: Domestic stock markets are expected to open flat on Monday, February 2nd. GIFT NIFTY futures suggest that the NIFTY50 index will open 14 points higher.

Stock markets fell sharply in special budget trading on Sunday, February 1, after the Finance Minister announced an increase in securities transaction tax (STT) in the F&O sector.

Below is a list of stocks that may be worth watching today.

Today’s Q3 results:Many companies are scheduled to announce their third quarter financial results today. The list includes names like Bajaj Housing Finance, Hyundai Motor India, INDUS TOWERS, PB Fintech, Aarti Industries, Railtel Corporation of India, Tata Chemicals, Honeywell Automation, Ather Energy, City Union Bank, PG Electroplast, Sundaram Finance, UPL Ltd, Olectra Greentech and Transrail Lighting.

Bharat Dynamics, BEL, GRSE and other defense stocks: Defense stocks are expected to be in the spotlight as India on Sunday set aside Rs 7,846.78 crore for defense spending in 2026-27, a significant 15% increase from last year’s allocation of Rs 6,810 crore, as the military renews its procurement drive for new weapons systems in the face of security challenges from China and Pakistan.

Defense Minister Rajnath Singh said the increase in defense spending, including the capital acquisition budget, on the back of the “historic success of Operation Sindur” has further strengthened our resolve to further strengthen India’s defense system.

Anant Raj, Netweb Technology, E2E Networks: Data center stocks will be in the spotlight as the government moved decisively to position India as a global hub for AI, GCC and digital infrastructure, with Sunday’s Union Budget proposing 20-year tax incentives for foreign cloud service providers using Indian data centers and streamlining the safe harbor framework for IT companies.

Long-term incentives for foreign cloud and technology giants are expected to accelerate investment in cutting-edge data facilities and digital infrastructure.

IT Minister Ashwini Vaishnau said she expects investment of $200 billion to flow into data centers. With New Delhi poised to take center stage in the global debate on artificial intelligence, India’s dominance in the global AI race is seen as further increasing.

pharmaceutical stocks: Biocon, Sun Pharma and other pharma stocks will be in the spotlight as Finance Minister Nirmala Sitharaman on Sunday proposed an investment of Rs 10,000 crore in the biopharmaceutical sector over the next five years. This will boost the domestic pharmaceutical industry.

“By positioning biopharmaceuticals among the seven strategic frontier sectors and launching Biopharmaceutical Shakti with an investment of Rs 10,000 crore over five years, the Union Budget is making a decisive investment in India’s future of health and innovation,” Kiran Mazumdar Shaw, Chairman, Biocon Group, said in a statement.

Silma SGS Technology, Dixon Technology, Keynes Technology: Share prices of electronics manufacturing companies will be in the spotlight as Finance Minister Nirmala Sitharaman on Sunday proposed increasing spending on electronics manufacturing to Rs 40,000 crore in 2026-27.

Finance Minister Nirmala Sitharaman presented the Union Budget for 2026-27 and announced setting up of high-tech tool rooms at two locations to boost capital goods manufacturing.

green energy stocks: Waaree Energies, Premier Energies, NTPC Green and others will be the focus as the Union Budget aims to accelerate grid-scale energy storage and enable seamless integration of renewable energy, Union Minister Pralhad Joshi said on Sunday.

Sharing his views on Finance Minister Nirmala Sitharaman’s budget announcement, New and Renewable Energy (MNRE) Minister Joshi said the Union Budget is a decisive step towards advancing India’s renewable energy and storage ecosystem.

He said that by extending basic customs duty (BCD) exemption on capital goods used in the manufacture of batteries and lithium-ion batteries for battery energy storage systems (BESS), the budget aims to accelerate grid-scale energy storage and enable seamless integration of renewable energy.

infrastructure stocks: Infrastructure stocks such as L&T and KEC International, among others, will be in the spotlight as Finance Minister Nirmala Sitharaman on Sunday said the capital expenditure target will be raised from Rs 11.2 crore in this fiscal to Rs 12.2 crore in FY27 and announced a slew of measures to strengthen infrastructure in the country.

Presenting the Union Budget for 2026-27 in Lok Sabha, she said the government would continue infrastructure development in tier-II and tier-III cities.

The government is also proposing to set up a risk guarantee fund for the infrastructure sector, he added.

railway stocks: Stocks like RVNL, Ircon International, Titagarh and Texmaco Rail Systems, among others, will be in the spotlight as Finance Minister Nirmala Sitharaman on Sunday allocated Rs 2,77,830 crore to the railway ministry as capital expenditure for the financial year 2026-27.

Budget allocations include construction of new lines, purchase of locomotives, freight cars, and passenger cars.

The ministry received Rs 2,52,000 crore in the financial year 2025-26.

PFC, REC: Shares in PFC and REC will be in the spotlight after Finance Minister Nirmala Sitharaman on Sunday announced restructuring of both state-run entities as part of the government’s efforts to strengthen public sector financial institutions.

In her Union Budget speech for 2026-27, Sitharaman proposed restructuring of REC Ltd (formerly Rural Electrification Corporation) and Power Finance Corporation (PFC) as part of the government’s efforts to strengthen public sector financial institutions.

PFCs and RECs play an important role in financing power generation, transmission, and distribution projects.

textile stocks: Shares of Gokaldas Exports Ltd., Arvind Ltd. and Trident Ltd., among others, will be in the spotlight as the government announced setting up of mega textile parks in challenge mode with emphasis on integrated infrastructure and value addition, among a slew of reforms.

The Indian government on Sunday announced the setting up of mega textile parks in a challenge mode with a focus on integrated infrastructure and value addition, as part of a slew of reforms, including a five-pillar integrated policy framework, to hit India’s employment-intensive textile sector.

IT stocks: Stock prices of IT companies will be in the spotlight as the government has raised the safe harbor threshold for IT services from Rs 300 crore to Rs 2 billion.

metal stock: Hindustan Zinc, Hindustan Copper, Vedanta and other metal stocks will remain in focus on Monday amid volatile commodity prices.

tourism stocks:Make My Trip, ixigo, hotel and hospitality stocks are expected to be in the spotlight as the tourism industry welcomes the government’s focus on the travel and tourism sector as India’s long-term growth driver and strategic pillar of its growth story.

Rationalization of tax collected at source (TCS) on overseas travel packages and focus on tier-2 and tier-3 cities, including temple towns, through a budget allocation of Rs 5,000 crore for development of urban economic regions (CERs) will be a major boost to the tourism sector, top industry players said.

Rajesh Magow, Chairman, FICCI Tourism Committee and Co-Founder and Group CEO, MakeMyTrip, said the rationalization of tax collected at source (TCS) on overseas tour packages is a welcome step to address the impact of pre-liquidity on outbound travelers in India.

In this year’s budget, we have taken steps to make international and international travel more accessible and affordable for Indian travelers. Ixigo said the proposal to reduce the TCS rate for overseas tour packages to a flat 2% (from the previous slab-based system of 5% and 20%) is a welcome move to make outbound tourism more palatable.