Overall volumes in futures & options currently stand at 3.24 crore contracts with a turnover of Rs. 19,64,632.45 crore.

The index after touching 200-day EMA bounces back and formed bullish candle on Thursday and also managed to open with upside gap on Friday, which indicates bulls are in a dominant position. This movement can be attributed to the budget's focus on farm and rural sector, and the fact that rural income is a major factor driving FMCG sales.

The stock of Jet Airways was surging in Friday's morning session as the market expected a resolution of its financial crisis with Etihad agreeing to rescue the ailing airline.

Ahead of Interim Budget 2019, Bank Nifty has formed sizeable bullish candle on Thursday and also managed to close above its important short term moving average, i.e. 20-day EMA and 50-day EMA, which suggest bulls were in dominant position.

The stock HDFC Bank Limited after touching 200-day EMA bounces sharply and formed bullish engulfing candle on daily time frame which indicates bulls were in a dominant position.

Markets are eagerly waiting the budget announcement which is expected in the next hour. This budget despite being an interim one is very important for the ruling NDA government with general election just around the corner. Read on to know the top five budget expectations.

Going ahead, the 200-day moving average, which is placed around 10,843, is likely to act as an immediate hurdle, followed by 10,980. Stocks in news: UPL, ICICI Lombard General Insurance, Bank of India, Varun Beverages and Oriental Bank of Commerce.

Key benchmarks may begin the first trading session for the month of February on positive note and once the budget announcement begins we will see the markets reacting to the budget proposals. Traders will be getting encouragement with GST collections in January crossing the Rs 1 lakh crore mark and the statistics office's revision of the growth rate for India’s gross domestic product data for financial years 2016-18 and 2017-18. The GDP growth for FY17 was revised from 7.1 per cent earlier to 8.2 per cent and for FY18 from 6.7 per cent earlier to 7.2 per cent.

The following stocks would be in focus during Friday’s trading session in light of their results announcement on February 1: Berger Paints, Dr. Rreddy, Deepak Nitrite, Jubilant Life sciences and Titan.