Post-Budget Stock Recovery? Hero MotoCorp, Mphasis, Hyundai in Focus After F&O Turmoil

Business
M
Moneycontrol•05-02-2026, 08:22
Post-Budget Stock Recovery? Hero MotoCorp, Mphasis, Hyundai in Focus After F&O Turmoil
- •Indian stock market shows signs of recovery today after a significant dip following the Union Budget's F&O STT increase.
- •Sensex and Nifty 50 both fell over 1.8% on the day before the budget, closing at 80,722.94 and 24,825.45 respectively.
- •Hero MotoCorp's total sales surged 26% year-on-year in January to 5.57 lakh units, with domestic sales up 26.1% and exports up 23.5%.
- •Mphasis President Elango R (Enterprise 5, North America) has resigned, potentially impacting the stock.
- •Gabion Technologies India secured vendor approval for its rock catch fence system for the Mumbai-Ahmedabad High-Speed Rail (MAHSR) Project, Package C3.
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