NIFTY Auto

Sensex and Nifty rose for the third week, driven by FII-DII inflows and trade deal., Realty, Infra, Energy, Oil & Gas up; IT and Defence down, Market may consolidate with positive bias if Nifty stays above 25,400

* Sensex and Nifty rose for the third week, driven by FII-DII inflows and trade deal.
* Realty, Infra, Energy, Oil & Gas up; IT and Defence down
* Market may consolidate with positive bias if Nifty stays above 25,400

Indian markets rose for a third week, driven by a US-India trade deal, FII-DII inflows, and RBI policy. Nifty and Sensex gained, with Realty and Energy sectors up, while IT fell. Experts expect consolidation with a positive bias if key support holds.

shorts/business/over-100-small-cap-stocks-jump-up-to-45-as-broader-indices-rally-enters-third-week

* Sensex and Nifty rose for the third week, driven by FII-DII inflows and trade deal.
* Realty, Infra, Energy, Oil & Gas up; IT and Defence down
* Market may consolidate with positive bias if Nifty stays above 25,400

Broader indices extended their gains for a third consecutive week, supported by positive cues such as the announcement of a US-India trade agreement, sustained FII–DII inflows, and an in-line RBI policy outcome.

During the week, the BSE Sensex rose 1,310.62 points, or 1.59 percent, to close at 83,580.40, while the Nifty50 gained 373.05 points, or 1.47 percent, to settle at 25,693.70.

Foreign Institutional Investors (FIIs) turned net buyers this week, purchasing equities worth ₹2,645.53 crore, while Domestic Institutional Investors (DIIs) continued to lend support to the market with net purchases of ₹2,892.14 crore.

Among sectors, Nifty Realty, Nifty Infra, Nifty Energy, and Nifty Oil &amp; Gas gained between 3 and 5 percent. However, the Nifty IT index shed 6.3 percent, the Nifty Defence index fell 5.2 percent, and the Nifty PSU Bank index declined 1.6 percent.

"The domestic equity market witnessed notable volatility through the week, influenced by a series of macro events, policy developments, and global risk factors. While the Union Budget did not materially shift market sentiment, the announcement of a higher Securities STT on F&amp;O trades alongside an expanded government borrowing program triggered a brief knee-jerk reaction across indices," said Vinod Nair, Head of Research, Geojit Investments.

"On the global front, a risk-off mood, combined with a strong US dollar and hawkish expectations surrounding the incoming Fed Chair, exerted significant pressure on precious metals."

"Domestically, markets found partial relief after India and the US reached a trade agreement with an 18% tariff structure, which redirected investor interest toward equities and supported a recovery from the immediate post Budget decline. However, the rebound remained capped by persistent weakness in IT stocks, driven by concerns over moderating demand for traditional outsourcing services following Anthropic’s introduction of next-generation AI-powered automation tools. Investor attention also shifted to the finer details of the trade agreement, prompting a phase of short-term consolidation as markets awaited clearer insights."

"Adding to the supportive backdrop, the RBI’s upward revision of GDP forecasts, combined with a steady inflation outlook, reinforced confidence in the medium term domestic economic trajectory. Despite these positives, sentiment in the near term is expected to remain cautious due to Q3 earnings that broadly trailed expectations, as well as rising crude oil prices amid escalating US-Iran tensions," he added.

The BSE Smallcap index gained 1.2 percent during the week, with stocks such as VTM, Gokaldas Exports, Garware Hi-Tech Films, Faze Three, United Foodbrands, Pokarna, Nelcast, Kabra Extrusion Technik, Avanti Feeds, ADF Foods Industries, Indo Count Industries, Sterlite Technologies, Sindhu Trade Links, GNA Axles, Quality Power Electrical Equipments, Steelcast, Kitex Garments, Sigachi Industries, Suven Life Sciences, Sri Adhikari Brothers Television, and Avalon Technologies rallying over 20 percent each.

On the other hand, Arisinfra Solutions, IRIS RegTech Solutions, Websol Energy System, Indo Farm Equipment, Intellect Design Arena, Kamat Hotels (India), Hindustan Copper, ASM Technologies, Transindia Real Estate, CarTrade Tech, MOIL, Garden Reach Shipbuilders &amp; Engineers, Zuari Agro Chemicals, and Zydus Wellness declined between 13 and 23 percent.

<img class="alignnone size-full wp-image-13816578" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260207042032_1234.png" alt="1234" width="919" height="2405" />

Where is the market headed?

Ajit Mishra – SVP, Research, Religare Broking

We expect the consolidation to continue with a positive bias as long as the Nifty holds above the 25,400 level. However, trading remains challenging due to sharp intraday swings amid mixed global signals.

In the current environment, we reiterate a stock-specific approach based on relative strength, with preference for banking and energy stocks on dips while being selective in other sectors. It is advisable to avoid the IT pack for now and wait for signs of stability before initiating fresh positions.

Amol Athawale, VP Technical Research, Kotak Securities

In the last week, the benchmark indices witnessed a sharp bounce back. The Nifty ended 3.40 percent higher, while the Sensex was up over 2,850 points. Among sectors, the Capital Market and Reality indices outperformed. The Capital Market index was up by 7.45 percent, and the Reality index rallied by 7.70 percent, whereas the IT index lost the most, shedding over 7 percent.

During the week, the market took support near the 200-day SMA (Simple Moving Average) and bounced back sharply. However, it also registered profit booking at higher levels. Technically, on weekly charts, it has formed a bullish candle and is currently trading comfortably above the 20-day SMA, which is largely positive.

We are of the view that the market has completed one leg of correction, and for short-term traders, 25,500/83,000 and 25,350/82,500 would act as crucial support zones. If the market succeeds in trading above these levels, it could bounce back to 25,800/83,800. A successful breakout of 25,800/83,800 could push the market up to 26,000-26,050/84,500-84,700. On the flip side, a decline below 25,350/82,500 would make the uptrend vulnerable.

For Bank Nifty, the 50 and 20-day SMAs or 59,500 would be key support zones. Above these levels, it could retest 60,500 and 61,000. On the flip side, below 59,500, sentiment could change.

Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities

Going ahead, the immediate resistance for Nifty is placed in the 25,750–25,800 zone. A decisive breakout and a strong follow through above this zone could result in Nifty extending its pullback towards 26,000, followed by 26,200 in the short term. On the downside, the zone of 25,550–25,500 is likely to act as an immediate support.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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Over 100 small-cap stocks jump up to 45% as broader indices' rally enters third week

During the week, the BSE Sensex rose 1,310.62 points, or 1.59 percent, to close at 83,580.40, while the Nifty50 gained 373.05 points, or 1.47 percent, to settle at 25,693.70.

Broader indices extended their gains for a third consecutive week, supported by positive cues such as the announcement of a US-India trade agreement, sustained FII–DII inflows, and an in-line RBI policy outcome.

During the week, the BSE Sensex rose 1,310.62 points, or 1.59 percent, to close at 83,580.40, while the Nifty50 gained 373.05 points, or 1.47 percent, to settle at 25,693.70.

Foreign Institutional Investors (FIIs) turned net buyers this week, purchasing equities worth ₹2,645.53 crore, while Domestic Institutional Investors (DIIs) continued to lend support to the market with net purchases of ₹2,892.14 crore.

Among sectors, Nifty Realty, Nifty Infra, Nifty Energy, and Nifty Oil &amp;amp; Gas gained between 3 and 5 percent. However, the Nifty IT index shed 6.3 percent, the Nifty Defence index fell 5.2 percent, and the Nifty PSU Bank index declined 1.6 percent.

&quot;The domestic equity market witnessed notable volatility through the week, influenced by a series of macro events, policy developments, and global risk factors. While the Union Budget did not materially shift market sentiment, the announcement of a higher Securities STT on F&amp;amp;O trades alongside an expanded government borrowing program triggered a brief knee-jerk reaction across indices,&quot; said Vinod Nair, Head of Research, Geojit Investments.

&quot;On the global front, a risk-off mood, combined with a strong US dollar and hawkish expectations surrounding the incoming Fed Chair, exerted significant pressure on precious metals.&quot;

&quot;Domestically, markets found partial relief after India and the US reached a trade agreement with an 18% tariff structure, which redirected investor interest toward equities and supported a recovery from the immediate post Budget decline. However, the rebound remained capped by persistent weakness in IT stocks, driven by concerns over moderating demand for traditional outsourcing services following Anthropic’s introduction of next-generation AI-powered automation tools. Investor attention also shifted to the finer details of the trade agreement, prompting a phase of short-term consolidation as markets awaited clearer insights.&quot;

&quot;Adding to the supportive backdrop, the RBI’s upward revision of GDP forecasts, combined with a steady inflation outlook, reinforced confidence in the medium term domestic economic trajectory. Despite these positives, sentiment in the near term is expected to remain cautious due to Q3 earnings that broadly trailed expectations, as well as rising crude oil prices amid escalating US-Iran tensions,&quot; he added.

The BSE Smallcap index gained 1.2 percent during the week, with stocks such as VTM, Gokaldas Exports, Garware Hi-Tech Films, Faze Three, United Foodbrands, Pokarna, Nelcast, Kabra Extrusion Technik, Avanti Feeds, ADF Foods Industries, Indo Count Industries, Sterlite Technologies, Sindhu Trade Links, GNA Axles, Quality Power Electrical Equipments, Steelcast, Kitex Garments, Sigachi Industries, Suven Life Sciences, Sri Adhikari Brothers Television, and Avalon Technologies rallying over 20 percent each.

On the other hand, Arisinfra Solutions, IRIS RegTech Solutions, Websol Energy System, Indo Farm Equipment, Intellect Design Arena, Kamat Hotels (India), Hindustan Copper, ASM Technologies, Transindia Real Estate, CarTrade Tech, MOIL, Garden Reach Shipbuilders &amp;amp; Engineers, Zuari Agro Chemicals, and Zydus Wellness declined between 13 and 23 percent.



Where is the market headed?

Ajit Mishra – SVP, Research, Religare Broking

We expect the consolidation to continue with a positive bias as long as the Nifty holds above the 25,400 level. However, trading remains challenging due to sharp intraday swings amid mixed global signals.

In the current environment, we reiterate a stock-specific approach based on relative strength, with preference for banking and energy stocks on dips while being selective in other sectors. It is advisable to avoid the IT pack for now and wait for signs of stability before initiating fresh positions.

Amol Athawale, VP Technical Research, Kotak Securities

In the last week, the benchmark indices witnessed a sharp bounce back. The Nifty ended 3.40 percent higher, while the Sensex was up over 2,850 points. Among sectors, the Capital Market and Reality indices outperformed. The Capital Market index was up by 7.45 percent, and the Reality index rallied by 7.70 percent, whereas the IT index lost the most, shedding over 7 percent.

During the week, the market took support near the 200-day SMA (Simple Moving Average) and bounced back sharply. However, it also registered profit booking at higher levels. Technically, on weekly charts, it has formed a bullish candle and is currently trading comfortably above the 20-day SMA, which is largely positive.

We are of the view that the market has completed one leg of correction, and for short-term traders, 25,500/83,000 and 25,350/82,500 would act as crucial support zones. If the market succeeds in trading above these levels, it could bounce back to 25,800/83,800. A successful breakout of 25,800/83,800 could push the market up to 26,000-26,050/84,500-84,700. On the flip side, a decline below 25,350/82,500 would make the uptrend vulnerable.

For Bank Nifty, the 50 and 20-day SMAs or 59,500 would be key support zones. Above these levels, it could retest 60,500 and 61,000. On the flip side, below 59,500, sentiment could change.

Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities

Going ahead, the immediate resistance for Nifty is placed in the 25,750–25,800 zone. A decisive breakout and a strong follow through above this zone could result in Nifty extending its pullback towards 26,000, followed by 26,200 in the short term. On the downside, the zone of 25,550–25,500 is likely to act as an immediate support.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

<img class="size-full wp-image-13816553" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260207034133_bse-nsee_nifty-Sensex.jpg" alt="In the extended Budget week, Indian equity indices managed to extend gains for a second consecutive week, led by continued DII support, FIIs turning buyers, the announcement of a US–India trade agreement, and an in-line RBI policy outcome. However, rising US–Iran tensions and underperformance in IT stocks weighed on investor sentiment." width="1280" height="720" /> In the extended Budget week, Indian equity indices managed to extend gains for a second consecutive week, led by continued DII support, FIIs turning buyers, the announcement of a US-India trade agreement, and an in-line RBI policy outcome. However, rising US–Iran tensions and underperformance in IT stocks weighed on investor sentiment.

<img class="size-full wp-image-13816554" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260207034213_marketup_sensexup-Niftyup.jpg" alt="During the week, the BSE Sensex rose 1,310.62 points, or 1.59 percent, to close at 83,580.40, while the Nifty50 gained 373.05 points, or 1.47 percent, to settle at 25,693.70." width="1280" height="720" /> During the week, the BSE Sensex rose 1,310.62 points, or 1.59 percent, to close at 83,580.40, while the Nifty50 gained 373.05 points, or 1.47 percent, to settle at 25,693.70.

<img class="size-full wp-image-13816559" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260207034333_sensex_nifty_stocknew.jpg" alt="The Nifty Midcap index gained 1.6 percent during the week, with stocks such as Aarti Industries, Balkrishna Industries, FSN E-Commerce Ventures, Hitachi Energy India, Lloyds Metals and Energy, Gujarat Fluorochemicals, Escorts Kubota, KEI Industries, MRF, Crompton Greaves Consumer Electrical, Premier Energies, Whirlpool of India, Bharti Hexacom, and Dixon Technologies rising between 10–18 percent. However, Bharat Dynamics, Hexaware Technologies, Cochin Shipyard, PB Fintech, Rail Vikas Nigam, and KPIT Technologies were among the major losers." width="1280" height="720" /> The Nifty Midcap index gained 1.6 percent during the week, with stocks such as Aarti Industries, Balkrishna Industries, FSN E-Commerce Ventures, Hitachi Energy India, Lloyds Metals and Energy, Gujarat Fluorochemicals, Escorts Kubota, KEI Industries, MRF, Crompton Greaves Consumer Electrical, Premier Energies, Whirlpool of India, Bharti Hexacom, and Dixon Technologies rising between 10–18 percent. However, Bharat Dynamics, Hexaware Technologies, Cochin Shipyard, PB Fintech, Rail Vikas Nigam, and KPIT Technologies were among the major losers.

<img class="size-full wp-image-13816561" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260207034336_sensex_nifty_stock-stocks_stock.jpg" alt="The BSE Smallcap index gained 1.2 percent during the week, with stocks such as VTM, Gokaldas Exports, Garware Hi-Tech Films, Faze Three, United Foodbrands, Pokarna, Nelcast, Kabra Extrusion Technik, Avanti Feeds, ADF Foods Industries, Indo Count Industries, Sterlite Technologies, Sindhu Trade Links, GNA Axles, Quality Power Electrical Equipments, Steelcast, Kitex Garments, Sigachi Industries, Suven Life Sciences, Sri Adhikari Brothers Television, and Avalon Technologies rallying over 20 percent each. On the other hand, Arisinfra Solutions, IRIS RegTech Solutions, Websol Energy System, Indo Farm Equipment, Intellect Design Arena, Kamat Hotels (India), Hindustan Copper, ASM Technologies, Transindia Real Estate, CarTrade Tech, MOIL, Garden Reach Shipbuilders &amp; Engineers, Zuari Agro Chemicals, and Zydus Wellness declined between 13–23 percent." width="1280" height="720" /> The BSE Smallcap index gained 1.2 percent during the week, with stocks such as VTM, Gokaldas Exports, Garware Hi-Tech Films, Faze Three, United Foodbrands, Pokarna, Nelcast, Kabra Extrusion Technik, Avanti Feeds, ADF Foods Industries, Indo Count Industries, Sterlite Technologies, Sindhu Trade Links, GNA Axles, Quality Power Electrical Equipments, Steelcast, Kitex Garments, Sigachi Industries, Suven Life Sciences, Sri Adhikari Brothers Television, and Avalon Technologies rallying over 20 percent each. On the other hand, Arisinfra Solutions, IRIS RegTech Solutions, Websol Energy System, Indo Farm Equipment, Intellect Design Arena, Kamat Hotels (India), Hindustan Copper, ASM Technologies, Transindia Real Estate, CarTrade Tech, MOIL, Garden Reach Shipbuilders &amp; Engineers, Zuari Agro Chemicals, and Zydus Wellness declined between 13 and 23 percent.

<img class="size-full wp-image-13816564" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260207034345_sensex_stocks_nifty_stockmarket.jpg" alt="The BSE Largecap index rose 1.6 percent during the week, with CG Power and Industrial Solutions, Power Grid Corporation of India, Adani Green Energy, Adani Energy Solutions, Adani Power, Waaree Energies, Power Finance Corporation, and Adani Enterprises gaining more than 10 percent each. On the downside, stocks such as Hindustan Aeronautics, Meesho, Info Edge India, Infosys, Tech Mahindra, LTIMindtree, Varun Beverages, and Mazagon Dock Shipbuilders were among the key losers." width="1280" height="720" /> The BSE Largecap index rose 1.6 percent during the week, with CG Power and Industrial Solutions, Power Grid Corporation of India, Adani Green Energy, Adani Energy Solutions, Adani Power, Waaree Energies, Power Finance Corporation, and Adani Enterprises gaining more than 10 percent each. On the downside, stocks such as Hindustan Aeronautics, Meesho, Info Edge India, Infosys, Tech Mahindra, LTIMindtree, Varun Beverages, and Mazagon Dock Shipbuilders were among the key losers.

<img class="size-full wp-image-13816558" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260207034330_sensex_nifty_stock_markets.jpg" alt="During the week, Reliance Industries added the most to its market capitalisation, followed by Bharti Airtel, ICICI Bank and Power Grid Corporation of India, while Tata Consultancy Services, Infosys and HCL Technologies saw a decline in their market value. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the soles beneficiary.)" width="1280" height="720" /> During the week, Reliance Industries added the most to its market capitalisation, followed by Bharti Airtel, ICICI Bank, and Power Grid Corporation of India, while Tata Consultancy Services, Infosys, and HCL Technologies saw a decline in their market value. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

<img class="size-full wp-image-13816562" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260207034339_sensex_nifty-market.jpg" alt="Foreign Institutional Investors (FIIs) turned net buyers this week, purchasing equities worth ₹2,645.53 crore, while Domestic Institutional Investors (DIIs) continued to lend support to the market with net purchases of ₹2,892.14 crore." width="1280" height="720" /> Foreign Institutional Investors (FIIs) turned net buyers this week, purchasing equities worth ₹2,645.53 crore, while Domestic Institutional Investors (DIIs) continued to lend support to the market with net purchases of ₹2,892.14 crore.

<img class="size-full wp-image-13816557" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260207034327_rupee_dollar.jpg" alt="The Indian rupee snapped a three-week losing streak to end 133 paise higher at 90.66 on February 6, compared with 91.99 on January 30. During the period, the rupee traded in a range of 91.83 to 90.07." width="1280" height="720" /> The Indian rupee snapped a three-week losing streak to end 133 paise higher at 90.66 on February 6, compared with 91.99 on January 30. During the period, the rupee traded in a range of 91.83 to 90.07.

<img class="size-full wp-image-13816561" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260207034336_sensex_nifty_stock-stocks_stock.jpg" alt="Among sectors, Nifty Realty, Nifty Infra, Nifty Energy, and Nifty Oil &amp; Gas gained between 3–5 percent. However, the Nifty IT index shed 6.3 percent, the Nifty Defence index fell 5.2 percent, and the Nifty PSU Bank index declined 1.6 percent." width="1280" height="720" /> Among sectors, Nifty Realty, Nifty Infra, Nifty Energy, and Nifty Oil &amp; Gas gained between 3 and 5 percent. However, the Nifty IT index shed 6.3 percent, the Nifty Defence index fell 5.2 percent, and the Nifty PSU Bank index declined 1.6 percent.

The Indian rupee snapped a three-week losing streak to end 133 paise higher at 90.66 on February 6.

In the extended Budget week, Indian equity indices managed to extend gains for a second consecutive week, led by continued DII support, FIIs turning buyers, the announcement of a US–India trade agreement, and an in-line RBI policy outcome. However, rising US–Iran tensions and underperformance in IT stocks weighed on investor sentiment.

The Nifty Midcap index gained 1.6 percent during the week, with stocks such as Aarti Industries, Balkrishna Industries, FSN E-Commerce Ventures, Hitachi Energy India, Lloyds Metals and Energy, Gujarat Fluorochemicals, Escorts Kubota, KEI Industries, MRF, Crompton Greaves Consumer Electrical, Premier Energies, Whirlpool of India, Bharti Hexacom, and Dixon Technologies rising between 10–18 percent. However, Bharat Dynamics, Hexaware Technologies, Cochin Shipyard, PB Fintech, Rail Vikas Nigam, and KPIT Technologies were among the major losers.

The BSE Smallcap index gained 1.2 percent during the week, with stocks such as VTM, Gokaldas Exports, Garware Hi-Tech Films, Faze Three, United Foodbrands, Pokarna, Nelcast, Kabra Extrusion Technik, Avanti Feeds, ADF Foods Industries, Indo Count Industries, Sterlite Technologies, Sindhu Trade Links, GNA Axles, Quality Power Electrical Equipments, Steelcast, Kitex Garments, Sigachi Industries, Suven Life Sciences, Sri Adhikari Brothers Television, and Avalon Technologies rallying over 20 percent each. On the other hand, Arisinfra Solutions, IRIS RegTech Solutions, Websol Energy System, Indo Farm Equipment, Intellect Design Arena, Kamat Hotels (India), Hindustan Copper, ASM Technologies, Transindia Real Estate, CarTrade Tech, MOIL, Garden Reach Shipbuilders &amp; Engineers, Zuari Agro Chemicals, and Zydus Wellness declined between 13–23 percent.

The BSE Largecap index rose 1.6 percent during the week, with CG Power and Industrial Solutions, Power Grid Corporation of India, Adani Green Energy, Adani Energy Solutions, Adani Power, Waaree Energies, Power Finance Corporation, and Adani Enterprises gaining more than 10 percent each. On the downside, stocks such as Hindustan Aeronautics, Meesho, Info Edge India, Infosys, Tech Mahindra, LTIMindtree, Varun Beverages, and Mazagon Dock Shipbuilders were among the key losers.

During the week, Reliance Industries added the most to its market capitalisation, followed by Bharti Airtel, ICICI Bank and Power Grid Corporation of India, while Tata Consultancy Services, Infosys and HCL Technologies saw a decline in their market value. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the soles beneficiary.)

Foreign Institutional Investors (FIIs) turned net buyers this week, purchasing equities worth ₹2,645.53 crore, while Domestic Institutional Investors (DIIs) continued to lend support to the market with net purchases of ₹2,892.14 crore.

The Indian rupee snapped a three-week losing streak to end 133 paise higher at 90.66 on February 6, compared with 91.99 on January 30. During the period, the rupee traded in a range of 91.83 to 90.07.

Among sectors, Nifty Realty, Nifty Infra, Nifty Energy, and Nifty Oil &amp; Gas gained between 3–5 percent. However, the Nifty IT index shed 6.3 percent, the Nifty Defence index fell 5.2 percent, and the Nifty PSU Bank index declined 1.6 percent.

Markets extend gains in Budget week; rupee rebounds

<img class="size-full wp-image-13816553" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260207034133_bse-nsee_nifty-Sensex.jpg" alt="In the extended Budget week, Indian equity indices managed to extend gains for a second consecutive week, led by continued DII support, FIIs turning buyers, the announcement of a US–India trade agreement, and an in-line RBI policy outcome. However, rising US–Iran tensions and underperformance in IT stocks weighed on investor sentiment." width="1280" height="720" /> In the extended Budget week, Indian equity indices managed to extend gains for a second consecutive week, led by continued DII support, FIIs turning buyers, the announcement of a US-India trade agreement, and an in-line RBI policy outcome. However, rising US–Iran tensions and underperformance in IT stocks weighed on investor sentiment.

<img class="size-full wp-image-13816554" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260207034213_marketup_sensexup-Niftyup.jpg" alt="During the week, the BSE Sensex rose 1,310.62 points, or 1.59 percent, to close at 83,580.40, while the Nifty50 gained 373.05 points, or 1.47 percent, to settle at 25,693.70." width="1280" height="720" /> During the week, the BSE Sensex rose 1,310.62 points, or 1.59 percent, to close at 83,580.40, while the Nifty50 gained 373.05 points, or 1.47 percent, to settle at 25,693.70.

<img class="size-full wp-image-13816559" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260207034333_sensex_nifty_stocknew.jpg" alt="The Nifty Midcap index gained 1.6 percent during the week, with stocks such as Aarti Industries, Balkrishna Industries, FSN E-Commerce Ventures, Hitachi Energy India, Lloyds Metals and Energy, Gujarat Fluorochemicals, Escorts Kubota, KEI Industries, MRF, Crompton Greaves Consumer Electrical, Premier Energies, Whirlpool of India, Bharti Hexacom, and Dixon Technologies rising between 10–18 percent. However, Bharat Dynamics, Hexaware Technologies, Cochin Shipyard, PB Fintech, Rail Vikas Nigam, and KPIT Technologies were among the major losers." width="1280" height="720" /> The Nifty Midcap index gained 1.6 percent during the week, with stocks such as Aarti Industries, Balkrishna Industries, FSN E-Commerce Ventures, Hitachi Energy India, Lloyds Metals and Energy, Gujarat Fluorochemicals, Escorts Kubota, KEI Industries, MRF, Crompton Greaves Consumer Electrical, Premier Energies, Whirlpool of India, Bharti Hexacom, and Dixon Technologies rising between 10–18 percent. However, Bharat Dynamics, Hexaware Technologies, Cochin Shipyard, PB Fintech, Rail Vikas Nigam, and KPIT Technologies were among the major losers.

<img class="size-full wp-image-13816561" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260207034336_sensex_nifty_stock-stocks_stock.jpg" alt="The BSE Smallcap index gained 1.2 percent during the week, with stocks such as VTM, Gokaldas Exports, Garware Hi-Tech Films, Faze Three, United Foodbrands, Pokarna, Nelcast, Kabra Extrusion Technik, Avanti Feeds, ADF Foods Industries, Indo Count Industries, Sterlite Technologies, Sindhu Trade Links, GNA Axles, Quality Power Electrical Equipments, Steelcast, Kitex Garments, Sigachi Industries, Suven Life Sciences, Sri Adhikari Brothers Television, and Avalon Technologies rallying over 20 percent each. On the other hand, Arisinfra Solutions, IRIS RegTech Solutions, Websol Energy System, Indo Farm Equipment, Intellect Design Arena, Kamat Hotels (India), Hindustan Copper, ASM Technologies, Transindia Real Estate, CarTrade Tech, MOIL, Garden Reach Shipbuilders &amp; Engineers, Zuari Agro Chemicals, and Zydus Wellness declined between 13–23 percent." width="1280" height="720" /> The BSE Smallcap index gained 1.2 percent during the week, with stocks such as VTM, Gokaldas Exports, Garware Hi-Tech Films, Faze Three, United Foodbrands, Pokarna, Nelcast, Kabra Extrusion Technik, Avanti Feeds, ADF Foods Industries, Indo Count Industries, Sterlite Technologies, Sindhu Trade Links, GNA Axles, Quality Power Electrical Equipments, Steelcast, Kitex Garments, Sigachi Industries, Suven Life Sciences, Sri Adhikari Brothers Television, and Avalon Technologies rallying over 20 percent each. On the other hand, Arisinfra Solutions, IRIS RegTech Solutions, Websol Energy System, Indo Farm Equipment, Intellect Design Arena, Kamat Hotels (India), Hindustan Copper, ASM Technologies, Transindia Real Estate, CarTrade Tech, MOIL, Garden Reach Shipbuilders &amp; Engineers, Zuari Agro Chemicals, and Zydus Wellness declined between 13 and 23 percent.

<img class="size-full wp-image-13816564" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260207034345_sensex_stocks_nifty_stockmarket.jpg" alt="The BSE Largecap index rose 1.6 percent during the week, with CG Power and Industrial Solutions, Power Grid Corporation of India, Adani Green Energy, Adani Energy Solutions, Adani Power, Waaree Energies, Power Finance Corporation, and Adani Enterprises gaining more than 10 percent each. On the downside, stocks such as Hindustan Aeronautics, Meesho, Info Edge India, Infosys, Tech Mahindra, LTIMindtree, Varun Beverages, and Mazagon Dock Shipbuilders were among the key losers." width="1280" height="720" /> The BSE Largecap index rose 1.6 percent during the week, with CG Power and Industrial Solutions, Power Grid Corporation of India, Adani Green Energy, Adani Energy Solutions, Adani Power, Waaree Energies, Power Finance Corporation, and Adani Enterprises gaining more than 10 percent each. On the downside, stocks such as Hindustan Aeronautics, Meesho, Info Edge India, Infosys, Tech Mahindra, LTIMindtree, Varun Beverages, and Mazagon Dock Shipbuilders were among the key losers.

<img class="size-full wp-image-13816558" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260207034330_sensex_nifty_stock_markets.jpg" alt="During the week, Reliance Industries added the most to its market capitalisation, followed by Bharti Airtel, ICICI Bank and Power Grid Corporation of India, while Tata Consultancy Services, Infosys and HCL Technologies saw a decline in their market value. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the soles beneficiary.)" width="1280" height="720" /> During the week, Reliance Industries added the most to its market capitalisation, followed by Bharti Airtel, ICICI Bank, and Power Grid Corporation of India, while Tata Consultancy Services, Infosys, and HCL Technologies saw a decline in their market value. (Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

<img class="size-full wp-image-13816562" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260207034339_sensex_nifty-market.jpg" alt="Foreign Institutional Investors (FIIs) turned net buyers this week, purchasing equities worth ₹2,645.53 crore, while Domestic Institutional Investors (DIIs) continued to lend support to the market with net purchases of ₹2,892.14 crore." width="1280" height="720" /> Foreign Institutional Investors (FIIs) turned net buyers this week, purchasing equities worth ₹2,645.53 crore, while Domestic Institutional Investors (DIIs) continued to lend support to the market with net purchases of ₹2,892.14 crore.

<img class="size-full wp-image-13816557" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260207034327_rupee_dollar.jpg" alt="The Indian rupee snapped a three-week losing streak to end 133 paise higher at 90.66 on February 6, compared with 91.99 on January 30. During the period, the rupee traded in a range of 91.83 to 90.07." width="1280" height="720" /> The Indian rupee snapped a three-week losing streak to end 133 paise higher at 90.66 on February 6, compared with 91.99 on January 30. During the period, the rupee traded in a range of 91.83 to 90.07.

<img class="size-full wp-image-13816561" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260207034336_sensex_nifty_stock-stocks_stock.jpg" alt="Among sectors, Nifty Realty, Nifty Infra, Nifty Energy, and Nifty Oil &amp; Gas gained between 3–5 percent. However, the Nifty IT index shed 6.3 percent, the Nifty Defence index fell 5.2 percent, and the Nifty PSU Bank index declined 1.6 percent." width="1280" height="720" /> Among sectors, Nifty Realty, Nifty Infra, Nifty Energy, and Nifty Oil &amp; Gas gained between 3 and 5 percent. However, the Nifty IT index shed 6.3 percent, the Nifty Defence index fell 5.2 percent, and the Nifty PSU Bank index declined 1.6 percent.

With key trade deal with US now behind, strain on INR could likely alleviate, Domestic growth levers stay resilient but key challenges for economy stemming from external environment, Believe valuations remain high compared to EM basket

* With key trade deal with US now behind, strain on INR could likely alleviate
* Domestic growth levers stay resilient but key challenges for economy stemming from external environment
* Believe valuations remain high compared to EM basket

shorts/business/daily-voice-ankita-pathak-sees-room-for-further-growth-reflation-as-monetary-policy-takes-the-baton

* With key trade deal with US now behind, strain on INR could likely alleviate
* Domestic growth levers stay resilient but key challenges for economy stemming from external environment
* Believe valuations remain high compared to EM basket

“Friday’s MPC decision came in line with our house view, following a notably dovish policy stance in December 2025. However, the absence of definitive liquidity measures disappointed markets,” said Ankita Pathak, Head – Global Investments at Ionic Asset, in an interview with Moneycontrol.

She believes there is still scope for further growth reflation, with the baton now in the hands of monetary policy, as fiscal policy prioritises stability and fiscal consolidation.

While domestic growth levers remain resilient, she noted that key challenges to the economy stem from the external environment—particularly geopolitical tensions—which are impacting capital flows, exports, and market sentiment.

What is your take on the RBI’s monetary policy? Do you expect a status quo on interest rates throughout the current year, with a focus on liquidity?

Friday’s MPC decision came in line with our house view, following a notably dovish policy in December 2025, although the absence of definite liquidity measures disappointed markets. We believe that there is still scope for further growth reflation, with the baton now with monetary policy, as fiscal policy prioritizes stability and fiscal consolidation.

Also, with the key trade deal with the US now behind us, the strain on INR could likely alleviate, with foreign capital potentially returning to India and export pressures easing.

With this hypothesis, we believe the RBI while remaining vigilant about the evolving macroeconomic environment, should continue prioritizing growth reflation with further rate cuts and sustained an adequate liquidity infusion. There’s already space available from inflation, growth, fiscal and currency angle, and US rate cuts could provide further tailwinds.

Has the central bank flagged any major challenges for the economy?

While the domestic growth levers stay resilient, key challenges for the economy are stemming from the external environment, particularly, geo-political tensions, impacting capital flows, exports and market sentiments. With a favourable trade deal with the US now behind us, external drivers of domestic growth should receive meaningful support.

As we approach the close of the December quarter earnings season, what is your reading of the numbers announced so far? Do you see any strong signs of an earnings recovery?

Slightly over half of the NSE 500 companies have reported results so far, with adjusted PAT growing by 12% YoY. Market cap wise results show strong resilience in the small cap companies, with PAT growing by ~40% YoY, followed by mid cap at ~18% and large cap at ~9%. Surely the earnings are improving and so are macros which should further support earnings in the coming quarters.

Additionally, a favourable trade deal with the US + increasing currency competitiveness vis-à-vis CNY could act as a tailwind for export-oriented companies going forward. Having said that, we believe valuations remain high as compared to the EM basket and return of FPIs would be crucial for a based recovery of the market.

Do you expect another major market move once participants gain clearer insights into the US trade deal?

Any deviation in the fine print from the initial announcement could lead to increased market volatility. TACO trade is a possibility given how trade deals with other countries have been revised multiple times, however, this is not our base case.

We believe President Trump would likely uphold the terms of trade with India, considering how long it took for both countries to reach a mutually beneficial consensus.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Daily Voice | Ankita Pathak sees room for further growth reflation as monetary policy takes the baton

“Friday’s MPC decision came in line with our house view, following a notably dovish policy stance in December 2025. However, the absence of definitive liquidity measures disappointed markets,” said Ankita Pathak, Head – Global Investments at Ionic Asset, in an interview with Moneycontrol.

She believes there is still scope for further growth reflation, with the baton now in the hands of monetary policy, as fiscal policy prioritises stability and fiscal consolidation.

While domestic growth levers remain resilient, she noted that key challenges to the economy stem from the external environment—particularly geopolitical tensions—which are impacting capital flows, exports, and market sentiment.

What is your take on the RBI’s monetary policy? Do you expect a status quo on interest rates throughout the current year, with a focus on liquidity?

Friday’s MPC decision came in line with our house view, following a notably dovish policy in December 2025, although the absence of definite liquidity measures disappointed markets. We believe that there is still scope for further growth reflation, with the baton now with monetary policy, as fiscal policy prioritizes stability and fiscal consolidation.

Also, with the key trade deal with the US now behind us, the strain on INR could likely alleviate, with foreign capital potentially returning to India and export pressures easing.

With this hypothesis, we believe the RBI while remaining vigilant about the evolving macroeconomic environment, should continue prioritizing growth reflation with further rate cuts and sustained an adequate liquidity infusion. There’s already space available from inflation, growth, fiscal and currency angle, and US rate cuts could provide further tailwinds.

Has the central bank flagged any major challenges for the economy?

While the domestic growth levers stay resilient, key challenges for the economy are stemming from the external environment, particularly, geo-political tensions, impacting capital flows, exports and market sentiments. With a favourable trade deal with the US now behind us, external drivers of domestic growth should receive meaningful support.

As we approach the close of the December quarter earnings season, what is your reading of the numbers announced so far? Do you see any strong signs of an earnings recovery?

Slightly over half of the NSE 500 companies have reported results so far, with adjusted PAT growing by 12% YoY. Market cap wise results show strong resilience in the small cap companies, with PAT growing by ~40% YoY, followed by mid cap at ~18% and large cap at ~9%. Surely the earnings are improving and so are macros which should further support earnings in the coming quarters.

Additionally, a favourable trade deal with the US + increasing currency competitiveness vis-à-vis CNY could act as a tailwind for export-oriented companies going forward. Having said that, we believe valuations remain high as compared to the EM basket and return of FPIs would be crucial for a based recovery of the market.

Do you expect another major market move once participants gain clearer insights into the US trade deal?

Any deviation in the fine print from the initial announcement could lead to increased market volatility. TACO trade is a possibility given how trade deals with other countries have been revised multiple times, however, this is not our base case.

We believe President Trump would likely uphold the terms of trade with India, considering how long it took for both countries to reach a mutually beneficial consensus.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Trend still in favour of bulls, considering positive momentum, technical indicators, India VIX drops 21% this week, Holding consistently above 25,450 can maintain hopes for a move towards 25,800–26,000

* Trend still in favour of bulls, considering positive momentum, technical indicators
* India VIX drops 21% this week
* Holding consistently above 25,450 can maintain hopes for a move towards 25,800–26,000

shorts/business/technical-view-nifty-structure-remains-positive-eyes-25-800-26-000-as-vix-drops-21-this-week-bank-nifty-holds-support-trendline

* Trend still in favour of bulls, considering positive momentum, technical indicators
* India VIX drops 21% this week
* Holding consistently above 25,450 can maintain hopes for a move towards 25,800–26,000

The Nifty 50 gained strength in the last hour of trade after consolidation and rangebound trading since the opening, rising two-tenths of a percent on February 6 after the Reserve Bank of India decided to keep the repo rate unchanged at 5.25 percent while maintaining a neutral stance.

The trend is still in favour of the bulls, considering the positive momentum and technical indicators along with a falling VIX. Hence, holding consistently above the midline of the Bollinger Bands (25,450) can maintain hopes for a move towards 25,800–26,000 in the upcoming sessions, but falling decisively below it can drive the index down towards the 25,000 zone, experts said.

The index tested all key moving averages (barring the 200-day EMA) in a single session but closed above all of them. The index also partially filled the bullish gap of Tuesday intraday but remained above it on a closing basis.

The RSI moved sideways on the higher side at 52.72 with a bullish crossover, while the MACD maintained an uptrend towards the zero line with a positive crossover, and the histogram consistently strengthened for the fourth consecutive session. All this indicates improving momentum.

The Nifty 50 opened lower at 25,606 and hit an intraday low of 25,492 amid rangebound trading. However, the index gained strength in the last hour of trade and finished at 25,694, up 51 points (0.20 percent), forming a bullish candle with a lower shadow on the daily charts, indicating a positive trend with buying interest at lower levels.

For the week, the benchmark index recouped the previous two-day losses and rose 3.5 percent, forming a long green candle with a long upper shadow on the weekly timeframe, indicating a healthy trend despite profit booking at higher zones.

“Overall, the structure for Nifty looks positive with an upside potential towards 26,000 levels, and a buy-on-dips strategy remains advisable as long as the index sustains above 25,250,” said Nilesh Jain, Head – Technical and Derivatives Research Analyst (Equity Research) at Centrum Broking.

The weekly options data signalled a 25,500–25,800 range for the upcoming sessions, while the broader range is seen at 25,000–26,000.

The maximum Call open interest was placed at the 26,000 strike, followed by the 25,800 and 25,700 strikes, with the maximum Call writing at the 25,600, 25,950, and 25,700 strikes. Meanwhile, the 25,500 strike holds the maximum Put open interest, followed by the 25,600 and 25,000 strikes, with the maximum Put writing at the 25,600, 25,500, and 25,550 strikes.

Meanwhile, India VIX, the fear index, cooled off sharply by 20.9 percent during the week and dropped below the 12 zone to 11.94, down 1.87 percent on Friday, signalling comfort for the bulls. Any further decline in volatility would offer additional comfort to the bulls.

Bank Nifty

The Bank Nifty also closed higher, rising 57 points to 60,121 and forming a small bullish candle with a long lower shadow on the daily charts, signalling buying interest from the 10-day EMA.

Notably, the banking index sustained above the falling support trendline for the fourth straight session, while the index traded well above all key moving averages, with short- and medium-term moving averages trending higher, indicating underlying strength in the index.

Momentum indicators also supported the bullish view, with the RSI holding firmly in a bullish crossover zone. This setup suggests a buy-on-dips strategy can be considered as long as the index sustains above the crucial 59,500 mark, said Vatsal Bhuva, Technical Analyst at LKP Securities.

On the downside, immediate support is placed near the 59,800 level, while resistance is seen around the 60,800 zone, where some profit booking may emerge, he added.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Technical View: Nifty structure remains positive, eyes 25,800–26,000 as VIX drops 21% this week; Bank Nifty holds support trendline

The Nifty 50 gained strength in the last hour of trade after consolidation and rangebound trading since the opening, rising two-tenths of a percent on February 6 after the Reserve Bank of India decided to keep the repo rate unchanged at 5.25 percent while maintaining a neutral stance.

The trend is still in favour of the bulls, considering the positive momentum and technical indicators along with a falling VIX. Hence, holding consistently above the midline of the Bollinger Bands (25,450) can maintain hopes for a move towards 25,800–26,000 in the upcoming sessions, but falling decisively below it can drive the index down towards the 25,000 zone, experts said.

The index tested all key moving averages (barring the 200-day EMA) in a single session but closed above all of them. The index also partially filled the bullish gap of Tuesday intraday but remained above it on a closing basis.

The RSI moved sideways on the higher side at 52.72 with a bullish crossover, while the MACD maintained an uptrend towards the zero line with a positive crossover, and the histogram consistently strengthened for the fourth consecutive session. All this indicates improving momentum.

The Nifty 50 opened lower at 25,606 and hit an intraday low of 25,492 amid rangebound trading. However, the index gained strength in the last hour of trade and finished at 25,694, up 51 points (0.20 percent), forming a bullish candle with a lower shadow on the daily charts, indicating a positive trend with buying interest at lower levels.

For the week, the benchmark index recouped the previous two-day losses and rose 3.5 percent, forming a long green candle with a long upper shadow on the weekly timeframe, indicating a healthy trend despite profit booking at higher zones.

“Overall, the structure for Nifty looks positive with an upside potential towards 26,000 levels, and a buy-on-dips strategy remains advisable as long as the index sustains above 25,250,” said Nilesh Jain, Head – Technical and Derivatives Research Analyst (Equity Research) at Centrum Broking.

The weekly options data signalled a 25,500–25,800 range for the upcoming sessions, while the broader range is seen at 25,000–26,000.

The maximum Call open interest was placed at the 26,000 strike, followed by the 25,800 and 25,700 strikes, with the maximum Call writing at the 25,600, 25,950, and 25,700 strikes. Meanwhile, the 25,500 strike holds the maximum Put open interest, followed by the 25,600 and 25,000 strikes, with the maximum Put writing at the 25,600, 25,500, and 25,550 strikes.

Meanwhile, India VIX, the fear index, cooled off sharply by 20.9 percent during the week and dropped below the 12 zone to 11.94, down 1.87 percent on Friday, signalling comfort for the bulls. Any further decline in volatility would offer additional comfort to the bulls.

Bank Nifty

The Bank Nifty also closed higher, rising 57 points to 60,121 and forming a small bullish candle with a long lower shadow on the daily charts, signalling buying interest from the 10-day EMA.

Notably, the banking index sustained above the falling support trendline for the fourth straight session, while the index traded well above all key moving averages, with short- and medium-term moving averages trending higher, indicating underlying strength in the index.

Momentum indicators also supported the bullish view, with the RSI holding firmly in a bullish crossover zone. This setup suggests a buy-on-dips strategy can be considered as long as the index sustains above the crucial 59,500 mark, said Vatsal Bhuva, Technical Analyst at LKP Securities.

On the downside, immediate support is placed near the 59,800 level, while resistance is seen around the 60,800 zone, where some profit booking may emerge, he added.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

RBI keeps repo rate unchanged at 5.25%, stance remains neutral, Sensex up 0.32%, Nifty up 0.20% after volatile session, FMCG index rose 2.2%, IT index shed 1.5% among sectoral moves

* RBI keeps repo rate unchanged at 5.25%, stance remains neutral
* Sensex up 0.32%, Nifty up 0.20% after volatile session
* FMCG index rose 2.2%, IT index shed 1.5% among sectoral moves

Indian equity indices rebounded on February 6 after the RBI kept the repo rate at 5.25% as expected. Sensex rose 0.32%, Nifty 0.20%. FMCG led gains, IT fell. Notable stock moves included Nykaa up 7%, MRF up 8%, BEML down 6%, and Hexaware down 4%.

shorts/business/taking-stock-sensex-rises-266-pts-nifty-ends-near-25-700-amid-last-hour-buying-fmcg-gains-2

* RBI keeps repo rate unchanged at 5.25%, stance remains neutral
* Sensex up 0.32%, Nifty up 0.20% after volatile session
* FMCG index rose 2.2%, IT index shed 1.5% among sectoral moves

Indian equity indices erased part of the previous session’s losses in a volatile session on February 6, with the Nifty trading near 25,700 after the central bank’s policy decision came in line with expectations.

The Monetary Policy Committee (MPC) of the Reserve Bank of India decided unanimously to <a href="https://www.moneycontrol.com/news/business/rbi-mpc-2026-central-bank-keeps-repo-rate-unchanged-13814635.html">maintain status quo on the repo rate at 5.25%</a> on February 6 and retained stance at neutral.

Amid weak global cues, Indian indices opened lower, with the Nifty hovering around 25,600. Extended selling dragged it below 25,500 intraday, before a mid-session recovery and strong final-hour buying helped the market close near the day’s high.

At close, the Sensex was up 266.47 points or 0.32 percent at 83,580.40, and the Nifty was up 50.90 points or 0.20 percent at 25,693.70.

For the week, BSE Sensex and Nifty added 1.5% each.

Broader markets showed a mixed performance, with the Nifty Midcap index ending flat, while the Smallcap index slipped 0.3 percent.

Also Read - <a href="https://www.moneycontrol.com/news/business/markets/22-out-of-24-sectors-in-nifty-500-see-higher-dii-ownership-as-stake-hits-record-21-in-december-2025-13814454.html">22 out of 24 sectors in Nifty 500 see higher DII ownership as stake hits record 21% in December 2025</a>

On the sectoral front, IT index shed 1.5%, pharma index down 0.7%, auto and PSU Bank indices slipped 0.5% each, while FMCG index rose 2.2%, and ol &amp; gas, consumer durables, Private Banks, realty up 0.5% each.

ITC, Kotak Mahindra Bank, Bajaj Finance, Bharti Airtel, HUL were among major gainers on the Nifty, while losers included Tech Mahindra, TCS, HDFC Life, Asian Paints and Bajaj Auto.

Also Read - <a href="https://www.moneycontrol.com/news/business/markets/ai-worries-drag-5-year-cagr-returns-of-india-s-top-it-firms-13813803.html">AI worries drag 5-year CAGR returns of India’s top IT firms</a>

In stock specific, Hitachi Energy India shares rose 14% after Emkay Global upgrades rating, Hexaware Technologies shares hits 2-week, losing 4% after Avendus Spark, HSBC, JPMorgan downgrade their rating on the stock, Bharti Hexacom share price rose 4% on better Q3 results, Nykaa shares added 7% post Q3 profit jumps 142%, JM Financial shares slipped 2% despite profit rises 50%, Talbros Automotive Components shares shed 3% despite winning multi-year orders worth over Rs 1,000 crore, MRF shares gained 8% as Q3 profit jumps to Rs 691 crore, BEML shares plunged 6% on posting losses.

Also Read - <a href="https://www.moneycontrol.com/news/business/rbi-mpc-meet-outcome-fy26-cpi-forecast-unchanged-q1-q2-fy27-inflation-estimates-hiked-13814636.html">RBI MPC meet outcome: FY26 CPI forecast at 2.1%; Q1, Q2 FY27 inflation estimates hiked</a>

Nearly 100 stocks touched their 52-week lows, including Poly Medicure, Cyient, Hexaware Technologies, AAVAS Financier, Syngene International, Newgen Software, Happiest Minds, Vedant Fashions, Info Edge, Mankind Pharma, KPIT Technologies, P and G, among others. <a href="https://www.moneycontrol.com/stocks/market-stats/52-week-low-bse/?indexName=BSE%2520500&amp;id=12">Click to View More</a>

Outlook for February 9

Rupak De, Senior Technical Analyst at LKP Securities

The index has been consolidating over the last few sessions. On the lower end, support is placed at 25,500, while on the higher end, resistance is seen around 25,700. In the short term, the index is likely to remain range-bound between 25,500 and 25,700. A decisive breakout on either side of this range could trigger a directional move.

Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities.

Nifty opened on a weak note and slipped to an intraday low of 25,492 before staging a smart rebound toward the 25,630–25,660 zone. Selling pressure emerged near this resistance zone, leading the index to surrender most of its gains. However, a sharp late-session recovery helped Nifty close at 25,694, up 0.20% for the day. On the daily chart, Nifty has formed a small bodied candle with a relatively long lower wick, highlighting buying interest at lower levels.

Going ahead, the immediate resistance for Nifty is placed in the 25,750–25,800 zone. A decisive breakout and a strong follow through above this zone could result in Nifty extending its pullback towards 26,000, followed by 26,200 in the short term. On the downside, the zone of 25,550–25,500 zone is likely to act as an immediate support.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Taking Stock: Sensex rises 266 pts, Nifty ends near 25,700 amid last-hour buying; FMCG gains 2%

Indian equity indices erased part of the previous session’s losses in a volatile session on February 6, with the Nifty trading near 25,700 after the central bank’s policy decision came in line with expectations.

The Monetary Policy Committee (MPC) of the Reserve Bank of India decided unanimously to maintain status quo on the repo rate at 5.25% on February 6 and retained stance at neutral.

Amid weak global cues, Indian indices opened lower, with the Nifty hovering around 25,600. Extended selling dragged it below 25,500 intraday, before a mid-session recovery and strong final-hour buying helped the market close near the day’s high.

At close, the Sensex was up 266.47 points or 0.32 percent at 83,580.40, and the Nifty was up 50.90 points or 0.20 percent at 25,693.70.

For the week, BSE Sensex and Nifty added 1.5% each.

Broader markets showed a mixed performance, with the Nifty Midcap index ending flat, while the Smallcap index slipped 0.3 percent.

Also Read - 22 out of 24 sectors in Nifty 500 see higher DII ownership as stake hits record 21% in December 2025

On the sectoral front, IT index shed 1.5%, pharma index down 0.7%, auto and PSU Bank indices slipped 0.5% each, while FMCG index rose 2.2%, and ol &amp;amp; gas, consumer durables, Private Banks, realty up 0.5% each.

ITC, Kotak Mahindra Bank, Bajaj Finance, Bharti Airtel, HUL were among major gainers on the Nifty, while losers included Tech Mahindra, TCS, HDFC Life, Asian Paints and Bajaj Auto.

Also Read - AI worries drag 5-year CAGR returns of India’s top IT firms

In stock specific, Hitachi Energy India shares rose 14% after Emkay Global upgrades rating, Hexaware Technologies shares hits 2-week, losing 4% after Avendus Spark, HSBC, JPMorgan downgrade their rating on the stock, Bharti Hexacom share price rose 4% on better Q3 results, Nykaa shares added 7% post Q3 profit jumps 142%, JM Financial shares slipped 2% despite profit rises 50%, Talbros Automotive Components shares shed 3% despite winning multi-year orders worth over Rs 1,000 crore, MRF shares gained 8% as Q3 profit jumps to Rs 691 crore, BEML shares plunged 6% on posting losses.

Also Read - RBI MPC meet outcome: FY26 CPI forecast at 2.1%; Q1, Q2 FY27 inflation estimates hiked

Nearly 100 stocks touched their 52-week lows, including Poly Medicure, Cyient, Hexaware Technologies, AAVAS Financier, Syngene International, Newgen Software, Happiest Minds, Vedant Fashions, Info Edge, Mankind Pharma, KPIT Technologies, P and G, among others. Click to View More

Outlook for February 9

Rupak De, Senior Technical Analyst at LKP Securities

The index has been consolidating over the last few sessions. On the lower end, support is placed at 25,500, while on the higher end, resistance is seen around 25,700. In the short term, the index is likely to remain range-bound between 25,500 and 25,700. A decisive breakout on either side of this range could trigger a directional move.

Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities.

Nifty opened on a weak note and slipped to an intraday low of 25,492 before staging a smart rebound toward the 25,630–25,660 zone. Selling pressure emerged near this resistance zone, leading the index to surrender most of its gains. However, a sharp late-session recovery helped Nifty close at 25,694, up 0.20% for the day. On the daily chart, Nifty has formed a small bodied candle with a relatively long lower wick, highlighting buying interest at lower levels.

Going ahead, the immediate resistance for Nifty is placed in the 25,750–25,800 zone. A decisive breakout and a strong follow through above this zone could result in Nifty extending its pullback towards 26,000, followed by 26,200 in the short term. On the downside, the zone of 25,550–25,500 zone is likely to act as an immediate support.

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8 out of 15 years NIFTY AUTO has given negative returns in February.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	27,672.82	27,826.08	28,008.72	27,490.18	27,336.92	27,154.28	27,001.02
Fibonacci	27,618.50	27,697.77	27,826.08	27,490.18	27,361.87	27,282.60	27,154.28
Camarilla	27,550.34	27,581.13	27,611.92	27,490.18	27,488.76	27,457.97	27,427.18

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