Indian Sector Specific News:
A) BFSI:
1) RBI (Non-Operative Financial Companies) (Amendment) Directions, 2025
- Banks must do only core banking work themselves; businesses like insurance, mutual funds, and broking must be done through separate group companies under NOFHC.
- For these specialised businesses, RBI approval is not needed in advance, but RBI must be informed within 15 days; any other business still needs RBI permission.
- Source: AZB & Partners (based on RBI Master Directions, Nov 28, 2025)
2) NSE IPO Process Gets Green Signal from SEBI
- NSE has received approval from SEBI to start its IPO process and will discuss the listing plan, approve financials, and form an IPO committee in a board meeting this Friday.
- The IPO is likely to be an Offer for Sale of about 4.5% stake (around ₹23,000 crore), with NSE planning to file its draft papers by end-March or early April.
- Source: Moneycontrol
3) FIIs and DIIs Both Sell Shares; Markets End Sharply Lower
- Foreign investors sold shares worth ₹588 crore, while domestic institutions also sold ₹683 crore during the special trading session held on Budget day (Feb 1).
- Heavy selling pressure dragged markets down, with Sensex falling 1.88% and Nifty slipping 1.96%; most sectors declined except IT.
- Source: Moneycontrol News
B) Automobile:
1) Union Budget 2026–27: Auto Industry Gets Long-Term Support, Not Big Tax Cuts
- The Budget did not cut vehicle taxes but focused on long-term support like EV manufacturing, localisation, MSMEs, and infrastructure, which were key demands of automakers.
- Measures such as duty relief on EV components, support for battery and semiconductor manufacturing, MSME funding, and higher infrastructure spending were welcomed, though broader duty cuts were missing.
- Source: Moneycontrol
2) Car Sales January 2026: Maruti Leads, SUVs Drive Record Volumes
- India’s passenger vehicle sales rose about 13% year-on-year in January 2026, led by strong demand for SUVs, with Maruti Suzuki, Tata Motors, Hyundai, and Mahindra reporting record monthly domestic sales.
- Maruti Suzuki topped the chart with its best-ever January sales, while Tata and Mahindra saw sharp growth on the back of popular SUV models like Nexon, Punch, Scorpio, and Bolero.
- Source: Moneycontrol
C) Pharma:
1) Budget 2026–27 Pushes India Towards Global Biopharma Leadership
- The government announced the Biopharma SHAKTI scheme with ₹10,000 crore funding over five years to boost biologics, biosimilars, research, manufacturing, and clinical trials in India.
- The focus is on reducing import dependence, building skilled talent, strengthening regulation, and helping India capture 5% of the global biopharma market in the long run.
- Source: Press Information Bureau (PIB), Delhi
2) Budget 2026–27 Strengthens Pharma Sector, Says ICMR DG
- The Union Budget 2026–27 takes major steps to fix regulatory gaps and boost research, innovation, and manufacturing in India’s pharmaceutical and biopharma sector, according to ICMR Director General Rajiv Bahl.
- Key measures include a 24% increase in funding for health research, launch of Bio-Pharma Shakti, setting up 1,000 clinical trial sites, and customs duty exemption on cancer medicines to improve affordability.
- Source: ANI
1) Union Budget 2026 Quietly Strengthens FMCG Growth Engine
- Instead of direct incentives, the Budget supports FMCG growth by strengthening its backbone—MSMEs, agriculture, logistics, credit access, and digital infrastructure that power food, personal care, and packaged goods companies.
- Measures like the ₹10,000 crore SME Growth Fund, TReDS expansion, higher agriculture spending, cold-chain and freight corridor investments are expected to improve supply chains and boost consumption in tier-2 and tier-3 cities.
- Source: Business World
E) Energy:
1) Energy Budget 2026 Highlights
- The Union Budget 2026 allocates ₹20,000 crore to push Carbon Capture, Utilization & Storage (CCUS) technologies to help decarbonize heavy industries and support India’s clean energy transition.
- The Budget also backs dedicated rare earth corridors in mineral-rich states and offers customs duty relief for clean tech components like battery storage and solar glass to strengthen energy security and manufacturing.
- Source: Energy Budget 2026, Economic Times
F) Agriculture:
1) Union Budget 2026–27: Agriculture Focus
- The Budget focuses on improving farmers’ income through better fisheries, livestock support, crop diversification, and promotion of high-value crops like coconut, cocoa, cashew, and nuts.
- Technology and women empowerment are key priorities, with AI-based Bharat-Vistaar for farm advice and She Marts to help women entrepreneurs access markets and finance.
- Source: Union Budget 2026–27
G) IT:
1) Union Budget 2026: Impact on IT Sector
- The Budget simplifies IT taxation by grouping all software-related services under one category, raising the safe harbor limit and giving IT companies more certainty and flexibility in operations.
- Tax changes on buybacks and incentives for data centres are broadly positive, encouraging data centre expansion and likely increasing buybacks among major IT firms like TCS, Infosys, Wipro, and HCL Tech.
- Source: HDFC Sky
Indian Stock Market Update:
- Indian indices witnessed a massive rally with the Nifty opening 1,200 points higher and the Sensex surging 2,000 points; 47 out of 50 Nifty stocks closed in the green.
- The "bull mode" was triggered by a landmark India-US trade deal that slashed tariffs from 50% to 18%, sending export-oriented textile stocks soaring by over 10%.
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