Pre-opening market view: Prashanth Tapse, Senior VP (Research), Mehta Equities




Wall Street took a hit overnight with the Dow down 0.8%, the S&P 500 off 1.6%, and the Nasdaq tumbling 2.2% amid disappointing earnings from Alphabet. The Fed's decision to keep interest rates steady further fueled selling across indexes. Investors now await Finance Minister Nirmala Sitharaman's Interim Union Budget presentation, hoping for measures to boost economic growth and control deficits. On a positive note, January's GST collections hit a record high of Rs 1.72 lakh crore. Trading strategies suggest buying opportunities for Nifty and Bank Nifty, with bullish sentiments on select stocks like INDIGO. Amidst earnings season, attention is on companies like Titan Company and Adani Enterprises. Volatility remains a key theme in the market.

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