The Indian stock market is witnessing significant activity today, January 30, 2026, due to the upcoming Union Budget and ongoing quarterly results. Investors are acting with caution as volatility is expected to remain high before the budget presentation on February 1. Based on market data and expert analysis, several stocks are showing potential for intraday trading today.
Top Stock Picks and Targets
Market experts have identified specific stocks that might perform well during today’s trading session. It is important to maintain strict stoploss levels due to market fluctuations. The following table lists the buy recommendations along with their targets and stoploss prices.
| Stock Name | Action | Target Price | Stoploss |
|---|---|---|---|
| Coal India | Buy | ₹478 | ₹432 |
| Jindal Steel | Buy | ₹1,200 | ₹1,078 |
| HCL Technologies | Buy | ₹1,830 | ₹1,668 |
| Prestige Estates | Buy | ₹1,523 – ₹1,677 | ₹1,250 |
| Avanti Feeds | Buy | ₹793 – ₹861 | ₹734 |
| Jayaswal Neco | Buy | ₹80 – ₹86 | ₹69 |
Major Market News and Rules
Today is a busy day for corporate earnings as more than 150 companies will announce their Q3 results. Major companies like Bajaj Auto, NTPC, Nestle India, SAIL, Jindal Steel, and Bank of Baroda are on the list. The stock prices of these companies may see sharp movements after the results are declared.
Investors should also note the settlement rules for today. Since the budget is on Sunday, February 1, shares bought today on Friday cannot be sold on the budget day. The settlement for these trades will happen on Monday, February 2. Additionally, today is the record date and ex-date for the interim dividend of ₹8 per share announced by Mastek.
Global cues are currently putting some pressure on the market. Tech stocks in the US have seen a decline, and Brent Crude oil prices have moved above $70. The Indian Rupee has also reached a low of 92 against the US Dollar, which impacts export-oriented sectors like IT. Traders are advised to consult their financial advisors before investing.
