Indian Stock Market Outlook Jan–Feb 2026: Explore upcoming IPOs, GMP trends, subscription data, Union Budget updates, and sector themes driving Nifty & Sensex.
Mainboard IPOs to Watch
Highlight key listings with price bands, GMP trends, and subscription data. Example:
- Shadowfax Technologies – Strong demand, listing Jan 28.
- Amagi Media Labs – Oversubscribed, listed Jan 21.
- Bharat Coking Coal – GMP momentum, listed Jan 18.
🧮 SME IPO Buzz
Retail investors are driving oversubscription in SME IPOs.
- KRM Ayurveda – GMP ₹14, subscription 14.5x.
- Defrail Technologies – GMP ₹10, subscription 9.8x.
- Avana Electrosystems – GMP ₹9, subscription 11.2x.
🏦 Policy & Macro Events
- Union Budget 2026: Feb 1, focus on infra, tax rationalization.
- Economic Survey: Jan 30, FY26–27 growth outlook.
- India–EU Trade Deal: Boosts textiles, pharma, engineering exports.
📊 Sectoral Themes to Watch
- Infra & Capex Revival: L&T, Siemens.
- Financials: Axis Bank, ICICI Bank.
- Consumption: FMCG & durables.
- Autos: Mixed outlook due to EU competition.
📅 Upcoming IPO Listings & Allotments
- Shadowfax Technologies – Jan 28
- Kasturi Metal Composite – Feb 2
- Accretion Nutraveda – Feb 1
- Kanishk Aluminium – Feb 1
❓ FAQ
Q1: Which IPOs are coming up in India Jan–Feb 2026? Shadowfax, Kasturi Metal, Accretion Nutraveda, and Kanishk Aluminium.
Q2: What are GMP trends for SME IPOs? KRM Ayurveda GMP ₹14, Defrail ₹10, Avana ₹9.
Q3: How will Union Budget 2026 impact markets? Expected infra push, tax rationalization, and rural stimulus.
Q4: Which sectors benefit from the India–EU trade deal? Textiles, pharma, engineering, and banking.
📝 Final Takeaway
The Indian Stock Market Outlook for Jan–Feb 2026 is shaped by IPO momentum, GMP trends, macro events, and sector themes. Investors should track subscription data, policy announcements, and sectoral rotations to position portfolios ahead of the Union Budget.
