Sun Pharma Rose After Q3FY26 Results; Nifty Infra Index Gained on Sustained Buying Interest – Paper by Pocketful
Market Recap: 02nd February, 2026
Top Gainers & Losers (Nifty 50)
🗞 Stock News Highlights
Sun Pharmaceutical Industries (+0.15%): Stock rose after Q3FY26 results showed a 16% YoY jump in PAT to ₹3,369 crore, while revenue increased 13.5% to ₹15,520 crore, led by new product launches and strong performance across markets. Sequentially, PAT rose 8% and revenue grew 7.2%.
Hyundai Motor India (+0.15%): Stock rose as Q3FY26 profit grew 6.3% to ₹1,234 crore and revenue rose 8% to ₹17,973 crore, aided by strong demand and exports.
Ather Energy (+0.15%): Stock declined after Q3FY26 loss narrowed 57% to ₹85 crore, revenue jumped 50% to ₹954 crore, but expenses rose 27%.
Bajaj Housing Finance (+0.15%): Stock unchanged after Q3FY26 results showed 21% YoY profit growth to ₹665 crore and 19% rise in NII to ₹963 crore, despite higher provisions.
🏢 Sectoral Performance
Infra | Nifty Infra (+2.26%): The index rose today despite 5 draggers, as 25 pullers, sustained buying interest, and long-term capex optimism outweighed profit booking and interest-rate concerns, lifting overall sentiment.
Auto | Nifty Auto (+2.13%): The index rose today, led by Mahindra & Mahindra, TMPV and Maruti Suzuki, on Budget optimism and strong buying interest.
IT | Nifty IT (-0.47%): The index declined today with 5 gainers and 5 losers, as profit booking and weak global tech cues offset selective buying in frontline IT stocks.
Healthcare | Nifty Healthcare (-0.08%): The index was unchanged today with 10 gainers and 10 losers, as buying in select pharma stocks was offset by weakness in hospitals and diagnostics.
🔍 Market Insights
Technical Level: Nifty opened flat and saw sharp volatility in the morning session. After a brief rally, it fell to support near 24,680, then rebounded strongly, staging a sharp rally to day’s high and closing near resistance around 25,100.
Advance-Decline Ratio: Market breadth remained positive, with 1,549 advances against 1,638 declines, indicating mixed participation and selective buying amid cautious sentiment.
The Big Picture: Gold and silver extended losses after Friday’s historic plunge, hit by profit-taking, a stronger dollar, and higher margins. Gold slipped to $4,777, silver to $83, though analysts see the move as a correction, not a trend reversal.
FII/DII Activity (Feb 01, 2026): DIIs sold ₹683 crore and FIIs sold ₹588 crore, indicating continued selling pressure from both domestic and foreign investors.
🔮 Watch Out For Tomorrow
Earnings Corner: Varun Beverages & Solar Industries India are set to announce their Q3 results tomorrow.
Macro: Australia RBA Interest Rate Decision & USA JOLTs Job Openings (Dec) are scheduled to be released Tomorrow.
Index Watch: After the Budget on February 1, markets recovered today on selective buying and short-covering, despite cautious sentiment amid mixed global cues and continued volatility in commodities and overseas markets
5 Day Course
Theme: Fundamental Analysis
Day 1 – Monday: Business & Management Quality
Definition: Business and management analysis evaluates a company’s competitive advantage, industry position, leadership quality, and governance standards to judge its ability to sustain long-term growth.
Key Points: Strong businesses have stable demand, pricing power, and entry barriers. Capable and ethical management ensures disciplined capital allocation, transparency, and shareholder-friendly decisions, which are crucial for consistent long-term performance.
Example:A market leader with strong branding and trustworthy management continues generating profits even during economic slowdowns, while weaker competitors struggle to survive.
📝 Word Of The Day
Mean Reversion: A market concept where prices tend to move back toward their long-term average after being unusually high or low.
👀 Stay tuned. Stay diversified.
Until next time,
Team Pocketful.