Taking Stock: Market rebounds; Sensex up 450 points, Nifty above 21,900

Gainers outnumbered losers as about 1,994 shares rose, 1,275 fell while 57 remained unchanged.

The Indian equity benchmarks managed to hold on to the early gains and ended the session near the day's highs on February 6, as investors shrugged off concerns over a delay in rate cuts by the US Federal Reserve.

The market opened higher despite subdued global cues except China and Hong Kong, which closed higher, and managed to extend gains as the session progressed.

At close, the Sensex was up 454.67 points or 0.63 percent at 72,186.09, and the Nifty was up 167.50 points or 0.77 percent at 21,939.20.

Stocks and sectors

Top Nifty gainers included BPCL, HDFC Life, TCS, Maruti Suzuki and HCLTech, while losers were Power Grid, IndusInd Bank, ITC, Bajaj Finserv and Britannia Industries.

On the sectoral front, auto, energy, oil and gas  information technology, infra, metals and pharma rose 1-3 percent, while banks and FMCG fell marginally by 0.1 percent each.

BSE midcap and smallcap indices outperformed the benchmarks and ended with gains of around a percent each.

A long buildup was seen in SAIL, BPCL, Ipca Labs and Indian Oil Corp, while a short buildup was seen in Bandhan Bank, InterGlobe Aviation and Power Grid.

Index	Prices	Change	Change%
Sensex	80,364.94	-61.52	-0.08%
Nifty 50	24,634.90	-19.80	-0.08%
Nifty Bank	54,461.00	71.65	+0.13%

Nifty 50 24,634.90 -19.80 (-0.08%)

Mon, Sep 29, 2025

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• 1M
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• 6M
• 1Y
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Biggest Gainer	Prices	Change	Change%
Interglobe Avi	5,707.00	146.00	+2.63%

Biggest Loser	Prices	Change	Change%
Axis Bank	1,132.20	-21.80	-1.89%

Best Sector	Prices	Change	Change%
Nifty PSU Bank	7390.75	129.30	+1.78%

Worst Sector	Prices	Change	Change%
Nifty Auto	26436.55	-47.95	-0.18%

Several stocks touched their 52-week high on the BSE. These included Abbott India, Akzo Nobel, Alembic, Anand Rathi, Apollo Tyres, Aster DM, Astra Microwave, Ashoka Buildcon, Bank of Maharashtra, Biocon, Bharat Forge, Bosch, BPCL, Chalet Hotels, Cummins, Dr Reddy's, EIH, Ethos, Fino Payments, Fortis Health, Gland Pharma, Genus Power, HCLTech, HDFC AMC, Glenmark Life, Gujarat Gas, Hero MotoCorp, ICICI Lombard and IDBI Bank. Click here for the full list

Outlook for February 7

Aditya Gaggar, Director, Progressive Shares

The Nifty extended its journey towards the north to settle at 21,929.40 with gains of 157.70 points. IT and auto were the top performers, gaining 2.92 percent and 1.59 percent. Buying traction remained in the metal segment, while both Bank Nifty and PSU banking indices experienced a round of correction.

On the daily chart, the index has formed a bullish candle with the downside being protected at 21,700. To resume its primary uptrend, the index has to breach the hurdle of 22,100.

Jatin Gedia, Technical Research Analyst at Sharekhan by BNP Paribas

On the daily charts we can see that the Nifty has been broadly trading within the range in an upward sloping channel. Until the recent swing low of 21,730 not breached, we can expect the upmove to continue towards 22,000 – 22,130.

The daily and the hourly momentum indicators have a positive crossover, which is a a buy signal. Both price and momentum indicators are suggesting continuation of the positive momentum, however, considering the recent sharp reversals from the upper boundary (22,000) one needs to be cautious on the long side.

Stock-specific action and sector rotation are likely to continue during this period of consolidation. Key support levels are 21,730–21,700 while immediate hurdle is at 22,100 - 22,130.

Bank Nifty closed in the negative but the index seems to be oversold. The positive crossover on the hourly time frame suggests that the Bank Nifty is poised for a pullback after the recent correction. On the upside, we expect Bank Nifty to retrace till 46,500–46,800. Crucial support is at 45,370.

Osho Krishan, Sr Analyst-Technical and Derivative Research, Angel One

The broad-based buying traction levitated the undertone, which was seen in the technical chart structure for the Nifty. Amid a favourable sentiment, the index managed to maintain a positive stature and settled the day a tad above 21,900, procuring 0.72 percent to bull’s kitty.

Technically, there has been insignificant development with minor alterations on a broader view of the index. However, sectoral rotation is evident, keeping the play in the market.

The chart structure points to range-bound activity, with a strong nearby resistance at the 22,000 followed by 22,100. Only a decisive breakthrough can trigger the next leg of rally. Intermediate support is at 21,800-21,750, while the 20-DEMA placed around 21,650 is the sacrosanct support zone for the comparable period.

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