Listen to today’s podcast: https://www.youtube.com/channel/UC-nqwUyvLDEvs7bV985k-gQ
Stock Market Daily Podcast — February 5, 2026
Today’s podcast episode was created from the following stories:
Stocks in news: Trent, BPCL, Bajaj Finance, Mankind Pharma, Apollo Tyres
Indian equities rebounded sharply on a landmark India–US trade pact, with the Nifty reclaiming key moving averages and hinting at a post-Budget trend shift. Stocks in focus include Trent, BPCL, Bajaj Finance, Mankind Pharma, and Apollo Tyres amid earnings and strategic updates; notably, BPCL raised FY capex 35% to Rs 25,000 crore. Elsewhere, Bajaj Finance’s Q3 profit dipped 6% YoY on provisions (but rose 23% on an adjusted basis), while Pidilite, Aditya Birla Capital, and Mankind Pharma posted profit growth.
BITCOIN IS HAVING AN EXISTENTIAL CRISIS
Bitcoin slid to its lowest level since late 2024 as hawkish Fed expectations (following Kevin Warsh’s nomination) and a broader rotation out of risk assets weighed on crypto. Policy uncertainty, delayed regulation, and fears that bitcoin-treasury firms could be forced sellers keep $76,000 as a key sentiment line in the sand. Bearish commentary warns downside could extend, leaving only bold bottom-fishers tempted to step in.
January rally bolsters near-term outlook for bitcoin mining stocks, JPMorgan says
Despite softer bitcoin prices, miner shares surged in January as storms lowered network hashrate and enthusiasm grew for AI/HPC diversification (highlighted by Riot’s HPC deal with AMD). JPMorgan notes the group’s market cap rose 23% to $60B, though valuations look stretched at ~150% of the four-year block reward opportunity—about 3x the post-2022 average. Lower competition boosted per-EH/s revenues and gross profit, but profitability remains below pre-halving norms.
Bitcoin ETF Outflows Deepen as Ether and XRP Funds Quietly Attract Inflows
Spot bitcoin ETFs saw about $272 million in net outflows even as ether and XRP products drew modest inflows, signaling rotation rather than an exit from crypto exposure. The flows came amid a whipsaw in bitcoin prices and macro/tech jitters, including renewed AI-related pressure on software stocks. Investors appear to be selectively reallocating within digital assets, favoring perceived relative value and distinct use cases.
Ex-Sequoia investor Jeff Wang’s new hedge fund had Morgan Stanley’s Breakers conference abuzz
Former Sequoia investor Jeff Wang is preparing to launch Augnition Global Investors, a long-short equity fund that will also invest in private companies, with SRS Investment Management’s Alan Lo as his deputy. The fund, reportedly targeting at least $1 billion, was a standout topic at Morgan Stanley’s Breakers conference. Wang’s public-equities track record at Sequoia—averaging over 17% annually and scaling to $9B AUM—has prospective LPs taking notice.
