Closing Bell: Sensex, Nifty end flat on AI jitters; IT stocks plunge

Indian benchmark indices ended with marginal gains in the volatile session on February 4.At close, the Sensex was up 78.56 points or 0.09 percent at 83,817.69, and the Nifty was up 48.45 points or 0.19 percent at 25,776.

We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

The Indian rupee’s two-day winning streak snapped today, weighed down by soft regional peers and a rebound in commodity prices. Market activity remained subdued as the focus shifts to Friday’s RBI interest rate announcement.

The USDINR pair maintains its upward trajectory within a bullish channel on the weekly chart. Key support lies at 90.05, while resistance stands at 91.10. As long as prices stay above 90, the bullish trend stays intact.

After showing a massive upmove and the formation of huge opening upside gap on Tuesday, Nifty moved up gradually amidst range movement on Wednesday and closed the day higher by 48 points. Nifty opened on a weak note on the backdrop of selling pressure in IT sector and recovered smartly from the lows of 25563 levels. It later moved into a range bound action with positive bias for the mid to later part of the session.

A small bullish candle has been formed on the daily chart with minor upper and lower shadow. The said market action indicates a breather type pattern in the market after a massive upmove of Tuesday. The huge opening upside gap of Tuesday remains intact with partially filled.

The underlying short-term trend of the Nifty continues to be positive. The next upside hurdles to be watched around 26000 and next 26350 levels in the near term. Immediate support is placed at 25600.

Today, the Indian equity markets ended the session on a flat. Sensex was slightly up by 79 points and closed around 83,817, while the Nifty 50 closed at 25,776.

The main drag came from the IT sector. Global tech stocks fell sharply overnight on concerns that rapid advancements in artificial intelligence could disrupt traditional software business models. This led to heavy selling in Indian IT stocks, with the Nifty IT index falling nearly 6% in early trade. News around AI also remained in focus. Anthropic announced major upgrades to its AI model Claude,

improving efficiency, memory usage, and enterprise integration. While such developments highlight long term opportunities for technology adoption, they have raised short term concerns around pricing pressure and margins for IT companies, leading to near term caution.

On the banking side, IDBI Bank remained in focus as the divestment process moved closer to final bids. Fairfax Financial has emerged as a key contender, with Kotak Mahindra Bank also in the race. This supported select banking stocks and helped limit downside in the Bank Nifty.

Looking ahead, the positive impact of the India-US trade deal remains intact, and we are likely to remain selective, tracking global cues, crude prices, and Q3 earnings for further direction.

Markets traded range-bound on Wednesday as investors assessed follow-through activity after Tuesday’s strong rally triggered by the India–US trade deal. After a flat start, the Nifty oscillated within a narrow band through the session and ended marginally higher at 25,779.5. Sectoral trends were mixed, with buying interest visible in auto, metal and energy stocks, while the IT index declined sharply and underperformed the broader market. Market breadth remained firmly positive, supported by a sustained rebound in midcap and smallcap stocks.

Sentiment stayed cautious amid mixed global cues and some profit booking following the recent relief rally. Weakness in global technology stocks weighed on domestic IT counters, leading to sectoral divergence. At the same time, optimism surrounding the India–US trade agreement and expectations of improved foreign participation continued to support cyclical stocks and select heavyweight names.

After the recent sharp swings, some consolidation would be healthy as long as the Nifty holds the 25,400–25,500 zone. On the upside, the index may attempt a move towards the 26,000 level, followed by a gradual push towards record highs. Among key sectors, banking, energy, metal and auto continue to show resilience, while pharma, FMCG and IT remain relatively subdued. Participants should align positions accordingly, with an emphasis on stock selection and disciplined trade management.

Nifty opened on a weak note and traded within an extremely narrow range throughout the session, eventually closing at 25,776, marginally higher by 0.19%. Following the strong gap-up opening in the previous session, the index gave up most of its gains in the very first candle and has since remained stuck in a tight consolidation phase. Such prolonged narrow-range action is typically followed by a sharp directional move. Despite the lack of momentum, Nifty has managed to hold above its 50-day EMA for the last two sessions, indicating underlying support at lower levels.

On the sectoral front, Nifty Oil & Gas ended the day as the top gainer with gains of over 2%. Nifty PSE also saw gains nearly 2%. On the other hand, Nifty IT closed nearly 6% lower and ended the day as a top sectoral loser. The selloff in the IT index was due to concerns that AI was creating more competition for software makers, after U.S AI based Anthropic’s launch of a legal tool for its Claude AI chatbot. With regards to stocks, Trent & Eternal emerged as the top stock gainers amongst the Nifty pack while Infosys & TCS emerged as the top two losers.

The Midcap Index formed a bullish candle with a relatively long lower wick, signalling buying interest emerging at lower levels. Notably, this demand came near the 20-day EMA, reinforcing it as a key short-term support for the index. Smallcaps outperformed both the Midcap and frontline indices. The index formed a sizeable bullish candle on the daily chart, indicating stronger risk appetite. Similar to the Midcap Index, Smallcaps found solid support around the 20-day EMA for the second consecutive session, highlighting buying interest at lower levels.

The advance-decline ratio was skewed in the favour of bulls at day’s close. A total of 317 stocks out of the Nifty 500 universe ended in the green.

Nifty View

Going ahead, the immediate resistance for Nifty is placed in the 25,950–26,000 zone. A decisive breakout and a strong follow through above this zone could result in Nifty extending its pullback towards 26,200, followed by 26,400 in the near term. On the downside, the zone of 25,600–25,550 zone is likely to act as a strong support.

Bank Nifty View

Mirroring Nifty’s price action, Bank Nifty also traded in an exceptionally tight range for most of the day and closed at 60,238, up 0.33%. The 58,800–58,900 zone continues to act as a strong support area, having successfully held over the last two trading sessions. Sustaining above this zone kept the broader structure intact, even as momentum remained muted.

For Bank Nifty, the immediate resistance is placed in the 60,500–60,600 zone, making it a crucial supply area to watch. Any sustained move above this zone could lead to Index continuing its up move on the upside towards 61,000, followed by 61,300 in the near term. On the downside, the zone of 59,800–59,700 zone is likely to act as a strong support.

Domestic equities witnessed a volatile session, swinging between gains and losses as rising US–Iran tensions kept investors on edge. Mid cap and small cap stocks outperformed large caps as value buying emerged following a recent correction. Sectoral buying was visible in consumer durables, oil & gas, metals, and auto sectors. However, overall upside remained limited due to weakness in IT stocks amid concerns over reduced demand for traditional outsourcing following Anthropic’s introduction of new AI driven automation tools. Going forward, market sentiment will largely be guided by the upcoming RBI policy decision and greater clarity on the newly announced US–India trade agreement.

Indian rupee ended lower at 90.43 per dollar on Wednesday versus previous close of 90.27.

Indian benchmark indices ended with marginal gains in the volatile session on February 4.

At close, the Sensex was up 78.56 points or 0.09 percent at 83,817.69, and the Nifty was up 48.45 points or 0.19 percent at 25,776.00. About 2626 shares advanced, 1413 shares declined, and 143 shares unchanged.

ONGC, Eternal, Trent, Adani Ports and NTPC led the gains on the Nifty, while IT majors Infosys, TCS, Tech Mahindra, HCL Technologies and Wipro were among the top laggards.

Broader markets outperformed, with the Nifty Midcap index rising 0.6 percent and the Smallcap index gaining 1.2 percent.

Sectorally, the IT index plunged 6 percent amid AI-led concerns, while auto, energy, consumer durables, PSU, realty, metal, oil & gas and power advanced 1–2 percent.

#1 Q3 performance broadly in-line with estimates

#2 Organic Rx growth improved to 9.1%, reversing recent slowdown

#3 Management confident as field-force restructuring & BSV integration complete

#4 Chronic therapies growing at mid-teens, acute portfolio expected to recover

Spot gold extended gains for a second consecutive session today, surging above $5,050/oz after rebounding sharply from lows below $4,500/oz hit last week. The rally was supported by a softer dollar and aggressive dip-buying following a brutal sell-off that had pushed prices nearly 20% below record highs. Spot silver also advanced, climbing above $90/oz after a recent sell-off that had left prices more than 40% below record levels. This follows yesterday’s strong rebound, when spot gold jumped more than 6% to settle above $4,945/oz, its largest single-day gain since November 2008, while silver surged 7.5% to $85.2/oz.

Markets are now focused on US ADP non-farm payrolls data and final services PMI readings from major global economies. However, the primary focus remains on Friday’s official US jobs report for signals on the timing of the next Federal Reserve rate cut. CME FedWatch currently shows no easing priced in until May, with June reflecting just a 44.1% probability of a 25bp cut versus a 44.9% chance of rates being held unchanged.

WTI crude oil held above $64/bbl earlier today after being further supported by a massive 11 million-barrel inventory draw reported by the API, raising expectations of a similar draw in the upcoming EIA data. This follows a 2% rally in the previous session, driven by renewed geopolitical tensions after the US shot down an Iranian drone near an American aircraft carrier in the Arabian Sea. Oil prices have been volatile amid the US–Iran standoff, turbulence across broader commodity markets, and movements in the dollar index. Currently, gains have faded, with prices slipping back toward $63/bbl as markets also monitor trilateral peace talks involving the US, Ukraine, and Russia, as well as still-scheduled US–Iran negotiations in Istanbul on Friday, despite the recent flare-up in tensions.

#1 Q4 PAT growth of 12% YoY, broadly in-line with expectations

#2 Volume growth healthy at 9%, sustained at 8–10% over last 7 quarters

#3 B2C volumes strong at 10% YoY, while B2B lagged due to export weakness

#4 Gross margin expanded 250 bps YoY on softer VAM prices

#5 OPM improved 40 bps YoY, FY27 valuation rich at 53x PE

#1 India realisations declined 4% YoY, negative surprise due to heavy discounting

#2 Launch of Rs 10 price packs & expansion of higher-volume packs implemented

# Management confident on margin protection, expects strong CY26 with normal summer

Varun Beverages was quoting at Rs 445.15, down Rs 6.15, or 1.36 percent.

It has touched an intraday high of Rs 454.55 and an intraday low of Rs 438.15.

It was trading with volumes of 1,618,974 shares, compared to its five day average of 564,437 shares, an increase of 186.83 percent.

#1 Q3 EBITDA broadly in-line with estimates

#2 Auto segment growth remains healthy, industrial business expected to recover

#3 Valuations attractive at 10x FY28 EPS, backed by 17% EPS CAGR over FY26–28

Exide Industries was quoting at Rs 341.65, up Rs 13.70, or 4.18 percent.

It has touched an intraday high of Rs 345.85 and an intraday low of Rs 332.70.

It was trading with volumes of 496,199 shares, compared to its five day average of 416,964 shares, an increase of 19.00 percent.

#1 Strong execution across NBFC, life insurance and housing finance

#2 Asset quality improvement and better loan growth in NBFC

#3 Life insurance margin expanded despite GST impact

#4 HFC benefited from operating leverage and strong disbursements

Aditya Birla Capital was quoting at Rs 346.35, up Rs 0.90, or 0.26 percent.

It has touched an intraday high of Rs 354.00 and an intraday low of Rs 342.35.

It was trading with volumes of 2,432,104 shares, compared to its five day average of 313,594 shares, an increase of 675.56 percent.

The Sensex was up 175.02 points or 0.21 percent at 83,914.15, and the Nifty was up 84.45 points or 0.33 percent at 25,812. About 2528 shares advanced, 1327 shares declined, and 128 shares unchanged.

Indian rupee has extended the intraday losses to trade near day's high at 90.35 per dollar against previous close of 90.27.

Heritage Foods was quoting at Rs 374.10, up Rs 25.45, or 7.30 percent.

It has touched an intraday high of Rs 374.15 and an intraday low of Rs 344.00.

It was trading with volumes of 29,635 shares, compared to its five day average of 48,303 shares, a decrease of -38.65 percent.

In the previous trading session, the share closed up 1.44 percent or Rs 4.95 at Rs 348.65.

The share touched a 52-week high of Rs 541.60 and a 52-week low of Rs 339.15 on 18 September, 2025 and 03 February, 2026, respectively.

Currently, the stock is trading 30.93 percent below its 52-week high and 10.31 percent above its 52-week low.

Market capitalisation stands at Rs 3,471.50 crore.

Westlife Foodworld was quoting at Rs 478.00, down Rs 5.45, or 1.13 percent.

It has touched an intraday high of Rs 508.15 and an intraday low of Rs 473.80.

It was trading with volumes of 13,232 shares, compared to its five day average of 2,225 shares, an increase of 494.64 percent.

In the previous trading session, the share closed up 0.82 percent or Rs 3.95 at Rs 483.45.

The share touched a 52-week high of Rs 880.95 and a 52-week low of Rs 465.00 on 06 February, 2025 and 28 January, 2026, respectively.

Currently, the stock is trading 45.74 percent below its 52-week high and 2.8 percent above its 52-week low.

Market capitalisation stands at Rs 7,453.75 crore.

Greenply Industries was quoting at Rs 226.75, down Rs 9.05, or 3.84 percent.

It has touched an intraday high of Rs 239.25 and an intraday low of Rs 225.05.

It was trading with volumes of 8,840 shares, compared to its five day average of 6,432 shares, an increase of 37.44 percent.

Zydus Lifesciences was quoting at Rs 907.55, up Rs 4.60, or 0.51 percent.

It has touched an intraday high of Rs 912.15 and an intraday low of Rs 899.35.

It was trading with volumes of 23,126 shares, compared to its five day average of 24,678 shares, a decrease of -6.29 percent.

Carysil was quoting at Rs 1,014.00, up Rs 59.25, or 6.21 percent.

It has touched an intraday high of Rs 1,029.70 and an intraday low of Rs 936.25.

It was trading with volumes of 21,704 shares, compared to its five day average of 7,104 shares, an increase of 205.53 percent.

Advance-decline trends remained firmly positive across the broader market in afternoon trade. On the Nifty 50, 40 stocks were advancing against 10 declines as the index traded around 25,805, up about 0.3 percent on the day. Market participation was even stronger across the Nifty 500, where 331 stocks were in the green versus 165 losers, underlining broad-based buying despite pressure in select pockets such as IT.

Several large-cap stocks staged a sharp rebound from intraday lows, highlighting selective dip-buying as the session progressed. Adani Power led the recovery pack with an 8 percent bounce from the day’s low, followed by Eternal, Trent and Power Finance, each recovering 6-7 percent. Energy and infra names such as ONGC, IOC, Adani Green Energy and Adani Ports also clawed back 4-5 percent from their lows, signalling improved risk appetite outside the weak IT pocket of the market.

The session remained decisively two-paced across sectors. Most indices were in the green, led by Consumer Durables (up 2.6 percent), Energy and Oil & Gas (around 2 percent higher), along with steady gains in Auto, Infra, Metals and Realty. The clear outlier was Nifty IT, which was down nearly 6 percent and continued to drag on the benchmarks, while Pharma saw only a marginal dip. A sharp fall in India VIX -- down over 5 percent -- suggested easing volatility expectations despite the heavy sell-off in technology stocks.

Tube Investments of India reported a mixed Q3 performance at the consolidated level, with net profit falling 14.2 percent year-on-year to Rs 166 crore, even as revenue rose 20.6 percent to Rs 5,801 crore. Consolidated EBITDA grew 19.1 percent to Rs 584.5 crore, while margins were largely stable at 10.1 percent compared with 10.2 percent a year ago. On a standalone basis, performance was stronger, with net profit rising 17.6 percent to Rs 189 crore, revenue increasing 12.7 percent to Rs 2,152 crore, and EBITDA jumping 27 percent to Rs 309 crore. Standalone operating margins expanded to 14.3 percent from 12.7 percent in the year-ago quarter.

The Sensex was up 25.35 points or 0.03 percent at 83,764.48, and the Nifty was up 37.25 points or 0.14 percent at 25,764.80. About 2444 shares advanced, 1373 shares declined, and 125 shares unchanged.

RITES was quoting at Rs 225.47, up Rs 1.66, or 0.74 percent.

It has touched an intraday high of Rs 227.30 and an intraday low of Rs 221.98.

It was trading with volumes of 484,626 shares, compared to its five day average of 819,326 shares, a decrease of -40.85 percent.

Tata Power Company, Apollo Tyres, Cummins India, Emami, Force Motors, Hexaware Technologies, Ivalue Infosolutions, JSW Cement, Kalpataru Projects International, Metropolis Healthcare, Apeejay Surrendra Park Hotels, TeamLease Services, Tube Investments of India, Trent, and Zuari Agro Chemicals will release their quarterly earnings today.

The Tata Power Company was quoting at Rs 369.75, up Rs 4.70, or 1.29 percent.

It has touched an intraday high of Rs 372 and an intraday low of Rs 363.35.

It was trading with volumes of 205,285 shares, compared to its five day average of 399,840 shares, a decrease of -48.66 percent.

In the previous trading session, the share closed up 1.76 percent or Rs 6.30 at Rs 365.05.

The share touched a 52-week high of Rs 416.70 and a 52-week low of Rs 326.25 on 16 July, 2025 and 17 February, 2025, respectively.

Currently, the stock is trading 11.27 percent below its 52-week high and 13.33 percent above its 52-week low.

Market capitalisation stands at Rs 118,147.68 crore.

Century Plyboards was quoting at Rs 813.25, down Rs 21.50, or 2.58 percent.

It has touched an intraday high of Rs 834.60 and an intraday low of Rs 803.05.

It was trading with volumes of 2,022 shares, compared to its five day average of 8,386 shares, a decrease of -75.89 percent.

Aptus Value Housing Finance India was quoting at Rs 292.00, up Rs 10.05, or 3.56 percent.

It has touched an intraday high of Rs 292.35 and an intraday low of Rs 274.25.

It was trading with volumes of 53,686 shares, compared to its five day average of 45,412 shares, an increase of 18.22 percent.

With the US trade deal now concluded, a prolonged source of uncertainty for markets is finally behind us. That overhang had weighed on sentiment and risk appetite for an extended period, and its resolution provides an important near-term relief.

However, what matters more for markets from here is what comes after the deal.

First, the tailwinds from structural reforms that the government has been able to push through by using this period of uncertainty as political cover. Taking advantage of political space created by the prolonged uncertainties to undertake more difficult and sometimes unpopular reforms, and the continuation of this reform momentum will be a key tailwind for markets going forward.

Second, the rupee's long-overdue retracement. At current levels, it appears meaningfully undervalued and has been among the worst-performing emerging market currencies over the past year. Any stabilisation or appreciation in the rupee could act as a powerful catalyst for the return of foreign institutional investors, providing much-needed liquidity support to the markets.

Third, we expect a meaningful earnings recovery in FY27, with the potential for a return to double-digit growth amid improvement in demand conditions.

Taken together - structural reforms, currency retracement, and earnings recovery amid slew of FTAs - these factors create a strong and supportive backdrop for markets. From this perspective, the medium-term setup looks increasingly constructive, and we believe these are very positive times for the markets especially for broader small and midcaps.

We expect a meaningful recovery in small and midcaps over time after the initial spurt today. It is opportune time to increase exposure to small and caps, but in stock-specific and bottom-up manner. It is time to be choosy and selective for a big alpha in returns over medium term.

#1 Profit zooms 212.9 percent to Rs 52.57 crore Vs Rs 16.8 crore

#2 Revenue jumps 11.1 percent to Rs 1,074.4 crore Vs Rs 967.1 crore

Emcure Pharmaceuticals was quoting at Rs 1,550.20, up Rs 44.45, or 2.95 percent.

It has touched an intraday high of Rs 1,551.15 and an intraday low of Rs 1,499.25.

It was trading with volumes of 5,196 shares, compared to its five day average of 9,643 shares, a decrease of -46.12 percent.

#1 Profit plunges 35.4 percent to Rs 8.8 crore Vs Rs 13.7 crore

#2 Revenue drops 24 percent to Rs 406 crore Vs Rs 534.7 crore

#3 Other income slips 48.3 percent to Rs 11.3 crore Vs Rs 21.9 crore

IRFC has entered into a strategic tripartite Memorandum of Understanding (MoU) with V.O. Chidambaranar Port Authority (VOCPA) and Sagarmala Finance Corporation to jointly explore structured financing for the development of the Outer Harbour Project at V.O. Chidambaranar Port, along with other port-led and multimodal connectivity projects.

Indian Railway Finance Corporation was quoting at Rs 115.75, up Rs 0.65, or 0.56 percent.

It has touched an intraday high of Rs 116.70 and an intraday low of Rs 114.55.

It was trading with volumes of 508,375 shares, compared to its five day average of 2,065,920 shares, a decrease of -75.39 percent.

In the previous trading session, the share closed up 0.13 percent or Rs 0.15 at Rs 115.10.

The share touched a 52-week high of Rs 148.90 and a 52-week low of Rs 108.05 on 09 June, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 22.26 percent below its 52-week high and 7.13 percent above its 52-week low.

Market capitalisation stands at Rs 151,267.96 crore.

#1 Profit rises 9.4 percent to Rs 40.5 crore Vs Rs 37 crore

#2 Revenue grows 8.1 percent to Rs 601.7 crore Vs Rs 556.6 crore

#3 Other income slips 89.7 percent to Rs 1.23 crore Vs Rs 11.9 crore

Aarti Drugs was quoting at Rs 366.75, down Rs 24.95, or 6.37 percent.

It has touched an intraday high of Rs 371.35 and an intraday low of Rs 355.00.

It was trading with volumes of 30,673 shares, compared to its five day average of 5,149 shares, an increase of 495.73 percent.

#1 Loss narrows to Rs 43.5 crore Vs loss of Rs 50.3 crore

#2 Revenue soars 11.8 percent to Rs 714.7 crore Vs Rs 639 crore

Restaurant Brands Asia was quoting at Rs 63.53, up Rs 0.18, or 0.28 percent.

It has touched an intraday high of Rs 64.07 and an intraday low of Rs 62.81.

It was trading with volumes of 86,503 shares, compared to its five day average of 116,107 shares, a decrease of -25.50 percent.

Bajaj Finserv was quoting at Rs 1,999.10, down Rs 13.95, or 0.69 percent.

It has touched an intraday high of Rs 2,026.10 and an intraday low of Rs 1,901.05.

It was trading with volumes of 54,501 shares, compared to its five day average of 55,438 shares, a decrease of -1.69 percent.

#1 Provisioning surged as company restored PCR to pre-covid levels

#2 Regular credit costs are moderating sequentially

#3 Asset quality metrics remain stable despite higher provisioning

#4 Credit costs expected to normalise in coming quarters

Bajaj Finance was quoting at Rs 966.95, up Rs 2.20, or 0.23 percent.

It has touched an intraday high of Rs 975.70 and an intraday low of Rs 943.45.

It was trading with volumes of 747,035 shares, compared to its five day average of 325,167 shares, an increase of 129.74 percent.

BHEL received LoI for design, engineering, supply of equipment, installation, commissioning and performance acceptance test (PAT) for 2 x 150 MW BTG Package for Aditya Expansion Project Phase II at Aditya Aluminium, Hindalco Industries at Lapanga, Sambalpur in the state of Odisha, India, of approximately Rs 1200-1500 crores excluding GST.

Bharat Heavy Electricals was quoting at Rs 271.40, up Rs 3.35, or 1.25 percent.

It has touched an intraday high of Rs 272.10 and an intraday low of Rs 264.60.

It was trading with volumes of 380,502 shares, compared to its five day average of 706,733 shares, a decrease of -46.16 percent.

The upcoming RBI MPC meeting will be closely watched as markets focus on the central bank’s approach to managing liquidity and financial conditions amid elevated government borrowing and persistent foreign portfolio investor outflows. Continued USD purchases by FPIs are draining domestic liquidity, tightening financial conditions despite steady policy rates. Combined with heavy government bond supply, this is putting upward pressure on yields, constraining credit availability, and raising the cost of domestic fund-raising.

Markets will closely track the RBI’s assessment of these dynamics and its commentary on liquidity tools. Any guidance on proactive measures to maintain adequate system liquidity and ensure orderly bond market functioning will be critical for investor confidence and market stability. Overall, the MPC is expected to emphasise macroeconomic stability and transmission efficiency, signalling that policy effectiveness at this stage relies more on calibrated liquidity management and stable financial conditions rather than immediate adjustments to interest rates.

The company has received construction orders worth Rs 39.19 crore from the Institute of Cost Accountants of India (ICMAI), and an order worth Rs 232.13 crore from the Department of Fisheries, Uttarakhand, for the construction of the proposed Namami Ganga Aquarium-cum-Discovery Learning Centre at Pashulok, Uttarakhand.

Timex Group India was quoting at Rs 275.40, down Rs 30.55, or 9.99 percent. It has touched an intraday high of Rs 286.00 and an intraday low of Rs 275.40.

There were pending sell orders of 936,894 shares, with no buyers available. It was trading with volumes of 1,010,268 shares, compared to its five day average of 194,476 shares, an increase of 419.48 percent.

In the previous trading session, the share closed up 7.98 percent or Rs 22.60 at Rs 305.95. The share touched a 52-week high of Rs 421.00 and a 52-week low of Rs 146.90 on 10 October, 2025 and 19 March, 2025, respectively. Currently, the stock is trading 34.58 percent below its 52-week high and 87.47 percent above its 52-week low. Market capitalisation stands at Rs 2,780.16 crore.

Gokaldas Exports was quoting at Rs 815.00, up Rs 118.90, or 17.08 percent.

It has touched an intraday high of Rs 835.30 and an intraday low of Rs 750.75.

It was trading with volumes of 1,525,030 shares, compared to its five day average of 140,331 shares, an increase of 986.74 percent.

In the previous trading session, the share closed up 20.00 percent or Rs 116.00 at Rs 696.10.

The share touched a 52-week high of Rs 1,060.00 and a 52-week low of Rs 531.60 on 16 May, 2025 and 27 January, 2026, respectively.

Currently, the stock is trading 23.11 percent below its 52-week high and 53.31 percent above its 52-week low.

Market capitalisation stands at Rs 5,969.05 crore.

#1 Q3 EBITDA beat aided by non-recurring airport income

#2 Reported EBITDA at Rs 4,300 crore, up 15% YoY

#3 Core airport EBITDA grew 22% YoY excluding one-offs

#4 FY26 EBITDA estimate cut on slower coal trading and copper ramp-up

#5 FY27 growth visibility strong from airports, copper, roads and solar

Kotak Mahindra Bank was quoting at Rs 411.75, down Rs 3.90, or 0.94 percent. It has touched an intraday high of Rs 418.70 and an intraday low of Rs 411. It was trading with volumes of 2,453,598 shares, compared to its five day average of 759,005 shares, an increase of 223.27 percent.

In the previous trading session, the share closed up 1.83 percent or Rs 7.45 at Rs 415.65.

The share touched a 52-week high of Rs 460.31 and a 52-week low of Rs 378.98 on 22 April, 2025 and 03 March, 2025, respectively. Currently, the stock is trading 10.55 percent below its 52-week high and 8.65 percent above its 52-week low. Market capitalisation stands at Rs 409,545.37 crore.

PB Fintech was quoting at Rs 1,431.55, down Rs 30.70, or 2.10 percent. It has touched an intraday high of Rs 1,462.95 and an intraday low of Rs 1,421.40. It was trading with volumes of 2,025,657 shares, compared to its five day average of 763,669 shares, an increase of 165.25 percent. In the previous trading session, the share closed down 6.41 percent or Rs 100.10 at Rs 1,462.25.

The share touched a 52-week high of Rs 1,977.75 and a 52-week low of Rs 1,312.10 on 17 June, 2025 and 17 March, 2025, respectively. Currently, the stock is trading 27.62 percent below its 52-week high and 9.1 percent above its 52-week low. Market capitalisation stands at Rs 66,236.83 crore.

ITC

KPIT Technologies

Alldigi Tech

Apcotex Industries

Carborundum Universal

Coromandel International

Crizac

Dolat Algotech

Flair Writing Industries

Great Eastern Shipping Company

Gillette India

Indian Energy Exchange

MAS Financial Services

Indian rupee is trading lower at 90.49 per dollar against previous close of 90.27.

#1 Credit costs expected to decline sharply as stressed loan formation eases

#2 Improving asset quality should support stronger loan growth ahead

#3 FY26 estimate trimmed due to higher coverage, but EPS CAGR >25% intact

Bajaj Finance was quoting at Rs 963.90, down Rs 0.85, or 0.09 percent.

It has touched an intraday high of Rs 975.70 and an intraday low of Rs 943.45.

It was trading with volumes of 721,178 shares, compared to its five day average of 325,167 shares, an increase of 121.79 percent.

#1 Total January stainless steel sales down 5.36 percent YoY & down 9.70 percent MoM

#2 Average January stainless steel realisation up 11.43 percent YoY & down 3.32 percent MoM

#3 Total January pellet steel sales up 42.14 percent YoY & up 29.74 percent MoM

#4 Average January pellet realisation up 5.76 percent YoY & up 0.88 percent MoM

Shyam Metalics & Energy was quoting at Rs 846.85, down Rs 4.40, or 0.52 percent.

It has touched an intraday high of Rs 857.90 and an intraday low of Rs 844.95.

It was trading with volumes of 1,061 shares, compared to its five day average of 10,210 shares, a decrease of -89.61 percent.

While geopolitical developments could support oil prices in the very short term, the underlying fundamentals suggest be that any rally will be limited. With demand growth remaining muted and global inventories expected to rise further, Brent crude is likely to stay range-bound over the medium term.

Energy companies and market participants will need to navigate this phase with capital discipline and a focus on operational efficiency rather than relying on price-led growth.

Devyani International was quoting at Rs 121.45, up Rs 5.20, or 4.47 percent.

It has touched an intraday high of Rs 124.50 and an intraday low of Rs 115.95.

It was trading with volumes of 163,711 shares, compared to its five day average of 98,445 shares, an increase of 66.30 percent.

#1 Management guides double-digit India volume growth on weak CY25 base

#2 Volume–value gap driven by higher discounting & pack-size upsizing

#3 Discounting pressure expected to ease from Q1 onwards

#4 Upsizing largely complete, profit impact limited due to variable cost structure

#5 Focus on maintaining India EBITDA margin while improving international margins

Bajaj Finserv, Tata Power Company, Apollo Tyres, Cummins India, Devyani International, Emami, Emcure Pharmaceuticals, Force Motors, Hexaware Technologies, Ivalue Infosolutions, JSW Cement, Kalpataru Projects International, Metropolis Healthcare, Apeejay Surrendra Park Hotels, TeamLease Services, Tube Investments of India, Trent, and Zuari Agro Chemicals will release their quarterly earnings today.

Amara Raja Energy & Mobility was quoting at Rs 869.65, up Rs 31.90, or 3.81 percent.

It has touched an intraday high of Rs 869.75 and an intraday low of Rs 831.70.

It was trading with volumes of 55,940 shares, compared to its five day average of 38,818 shares, an increase of 44.11 percent.

The U.S. Food and Drug Administration (USFDA) has conducted inspection at the company’s Finished Dosage Formulations manufacturing facility (FDF Unit-I) located at Nacharam,

Hyderabad, from August 4, 2025 to August 12, 2025.

Cohance Lifesciences was quoting at Rs 373.55, down Rs 7.55, or 1.98 percent.

It has touched an intraday high of Rs 381.05 and an intraday low of Rs 370.55.

It was trading with volumes of 8,085 shares, compared to its five day average of 17,800 shares, a decrease of -54.58 percent.

The Sensex was down 88.55 points or 0.11 percent at 83,650.58, and the Nifty was up 5.25 points or 0.02 percent at 25,732.80. About 2275 shares advanced, 1400 shares declined, and 141 shares unchanged.

Hon’ble High Court of Telangana has granted bail to Managing Director & CEO, Amit Raj Sinha, in connection with the legal proceedings arising from the unfortunate incident in June 2025.

HAL is currently trading around ₹4,235, navigating a retracement phase within its broader long-term uptrend. On the weekly chart, the stock is oscillating in a sideways zone between 4,000 and 4,500. It is currently facing stiff resistance at the 50-week EMA near the 4,450–4,550 range, while the 100-week EMA around 4,100 provides a critical floor that must be sustained to maintain the structural integrity of the trend.

Momentum remains subdued, with the RSI at 39.87 reflecting a short-term downside bias and a lack of immediate buying pressure. This indicates that the stock is in a "wait-and-watch" phase as it seeks to stabilize near key support levels. A reversal in the RSI toward the 50-60 zone would be necessary to signal a shift back toward positive momentum.

For a fresh bullish entry, traders should wait for a decisive breakout above 4,500 supported by healthy volume. Sustaining above this level would confirm the end of the consolidation and likely trigger a continuation of the primary uptrend.

IT stocks are firmly in the driver’s seat on the downside, dragging the benchmark indices lower. Infosys leads the losses on the Nifty 50, sliding nearly 8 percent, followed by sharp declines in Tech Mahindra (over 6 percent), TCS (around 6 percent), HCL Tech (nearly 6 percent) and Wipro (over 4 percent). The heavy sell-off in frontline IT names underscores sustained pressure on the sector, even as losses elsewhere on the index remain relatively contained.

Banking indices are largely rangebound, with both PSU and private banks flat to marginally higher, while broader markets remain mixed, with the Nifty Midcap 100 slightly in the red and the Smallcap index marginally positive. A sharp drop in India VIX -- down over 4 percent -- suggests volatility expectations are easing despite the IT sell-off.

The session has turned sharply two-paced across sectors. Nifty IT is the clear laggard, plunging nearly 7 percent and dragging on the benchmarks, while most other sectors are either modestly positive or holding flat. On the upside, defensives and cyclicals are cushioning the fall -- Nifty Energy is up 1.7 percent, Oil & Gas has gained nearly 2 percent, and Consumer Durables is higher by close to 2 percent. Steady gains are seen in Auto, Infra and Metals.

Energy and defensives are leading gains on the Nifty 50 on Wednesday, helping limit the downside in benchmarks amid IT-led pressure. ONGC topped the Nifty gainers with a nearly 4 percent rise, followed by Power Grid Corp, Coal India and NTPC, while consumption-linked names such as Trent, Titan Company and Maruti Suzuki also traded higher. Bharti Airtel and Jio Financial added modest gains, pointing to selective buying outside the IT space even as broader sentiment remains cautious.

#1 Profit sinks 82.2 percent to Rs 121.4 crore Vs Rs 680.9 crore

#2 Revenue increases 3.1 percent to Rs 1,982 crore Vs Rs 1,921.9 crore

#3 Exceptional loss stands at Rs 44.7 crore Vs gain of Rs 629.51 crore

Kansai Nerolac Paints was quoting at Rs 222.95, down Rs 5.20, or 2.28 percent.

It has touched an intraday high of Rs 227.00 and an intraday low of Rs 221.35.

It was trading with volumes of 17,899 shares, compared to its five day average of 24,754 shares, a decrease of -27.69 percent.

#1 Profit falls 9.8 percent to Rs 244.7 crore Vs Rs 271.4 crore

#2 Revenue grows 6.4 percent to Rs 1,439.9 crore Vs Rs 1,353.9 crore

#3 Exceptional loss stands at Rs 22.53 crore Vs Nil

Castrol India was quoting at Rs 186.10, up Rs 1.25, or 0.68 percent.

It has touched an intraday high of Rs 186.80 and an intraday low of Rs 183.90.

It was trading with volumes of 102,627 shares, compared to its five day average of 77,240 shares, an increase of 32.87 percent.

#1 Profit rises 7.5 percent to Rs 408.8 crore Vs Rs 380.2 crore

#2 Revenue increases 11.5 percent to Rs 3,567.2 crore Vs Rs 3,198.8 crore

Mankind Pharma was quoting at Rs 2,082.35, down Rs 73.55, or 3.41 percent.

It has touched an intraday high of Rs 2,202.70 and an intraday low of Rs 2,060.

It was trading with volumes of 13,632 shares, compared to its five day average of 23,200 shares, a decrease of -41.24 percent.

Bajaj Finserv was quoting at Rs 2,020.15, up Rs 7.10, or 0.35 percent.

It has touched an intraday high of Rs 2,026.10 and an intraday low of Rs 1,901.05.

It was trading with volumes of 38,814 shares, compared to its five day average of 55,438 shares, a decrease of -29.99 percent.

In the previous trading session, the share closed up 4.29 percent or Rs 82.85 at Rs 2,013.05.

The share touched a 52-week high of Rs 2,194.65 and a 52-week low of Rs 1,728.15 on 23 October, 2025 and 12 February, 2025, respectively.

Currently, the stock is trading 7.95 percent below its 52-week high and 16.9 percent above its 52-week low.

Market capitalisation stands at Rs 322,782.24 crore.

The Sensex was down 24.37 points or 0.03 percent at 83,714.76, and the Nifty was up 21.40 points or 0.08 percent at 25,748.95. About 2262 shares advanced, 1292 shares declined, and 147 shares unchanged.

Mahindra & Mahindra  will supply 35,000 units of Scorpio Pik Up vehicles in 2026 to Agrinas Pangan Nusantara, an Indonesian state-owned enterprise, for the Koperasi Desa/Kelurahan Merah Putih (KDKMP) Project.

Mahindra and Mahindra was quoting at Rs 3,575.00, up Rs 47.10, or 1.34 percent.

It has touched an intraday high of Rs 3,619 and an intraday low of Rs 3,518.55.

It was trading with volumes of 80,435 shares, compared to its five day average of 328,391 shares, a decrease of -75.51 percent.

Bajaj Finserv, Tata Power Company, Apollo Tyres, Cummins India, Devyani International, Emami, Emcure Pharmaceuticals, Force Motors, Hexaware Technologies, Ivalue Infosolutions, JSW Cement, Kalpataru Projects International, Metropolis Healthcare, Apeejay Surrendra Park Hotels, TeamLease Services, Tube Investments of India, Trent, and Zuari Agro Chemicals will release their quarterly earnings today.

HSBC/S&P Global India January Composite PMI at 58.4 versus 57.8 in December