Taking Stock: Market fails to hold gains; Sensex down 354 points, Nifty below 21,800

On the sectoral front, bank, capital goods, Information Technology and FMCG down 0.3-0.9 percent, while auto, pharma, metal, oil & gas and realty up 1 percent each.

The Indian equity benchmarks failed to hold on to the opening gains and ended lower in a volatile session on February 5, as investors awaited the RBI meet outcome for rate cute cues and inflation trajectory.

Amid positive global cues, the market opened in the green and remained range bound with positive bias in early trade but last-hour selling erased all the gains with the Sensex and the Nifty closing near the day's low.

The Sensex ended 354.21 points or 0.49 percent down at 71,731.42, and the Nifty was down 82.10 points or 0.38 percent at 21,771.70.

Also Read - January services PMI rises to 61.8, highest in 6 months

Stocks and sectors

Top losers on the Nifty included UPL, Bharti Airtel, Bajaj Finance, HDFC Life and Grasim Industries, while gainers were Tata Motors, Coal India, BPCL, Sun Pharma and Cipla.

On the sectoral front, bank, capital goods, information technology and FMCG were down 0.3-0.9 percent, while auto, pharma, metal, oil & gas and realty up 1 percent each.

BSE midcap and smallcap indices ended on flat note.

Index	Prices	Change	Change%
Sensex	84,912.15	239.13	+0.28%
Nifty 50	25,972.50	62.45	+0.24%
Nifty Bank	58,855.90	-43.35	-0.07%

Nifty 50 25,972.50 62.45 (0.24%)

Wed, Nov 19, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Max Healthcare	1,162.40	45.70	+4.09%

Biggest Loser	Prices	Change	Change%
TMPV	364.25	-7.05	-1.90%

Best Sector	Prices	Change	Change%
Nifty IT	36938.90	963.70	+2.68%

Worst Sector	Prices	Change	Change%
Nifty Energy	36100.90	-122.90	-0.34%

Among individual stocks, a volume spike of more than 200 percent was seen in Ipca Laboratories, UPL and Lupin.

A short build-up was seen in UPL, Shree Cements and Aurobindo Pharma, while a long build-up was seen in IOC, Tata Motors and Multi Commodity Exchange of India.

More than 500 stock touched their 52-week high on the BSE including Confidence Petroleum, Entertainment Network India, Everest Kanto, Fino Payments, General Insurance Corporation of India, GlaxoSmithKline Pharmaceuticals, Hathway Cable, Hitachi Energy, IDBI Bank, IOB, Jindal Worldwide, Lupin, Mahindra Life, Mishtann Foods, MMTC, New India Assurance, Phoenix Mills, Punjab & Sind Bank, Redington, SAIL, SJVN, Torrent Pharma, Torrent Power, Tourism Finance, UCO Bank, among others. Click here for the full list

Outlook for February 6

Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas

The Nifty opened on a positive note however during the day it witnessed selling pressure and ended the day on a negative note down ~82 points. On the daily charts we can observe that the Nifty has witnessed follow-through selling pressure from the upper boundary (22000). On the hourly momentum indicator, we could witness a negative divergence which indicated loss of momentum on the upside. Overall, the range bound trading action is likely to continue until we get a decisive close below the extremes of the broad range 22000 – 21200.

The momentum setup on the daily and hourly time frames are providing divergent signals which again suggests sideways price action. Thus, parameters are suggesting that the consolidation is likely to continue. Stock specific action and sector rotation is likely to continue during this period of consolidation. Key support levels are 21640 – 21600 while immediate hurdle zone is placed at 21950 - 22000.

Bank Nifty witnessed follow through selling pressure from the previous trading session. It closed below the key averages indicating weakness. Overall, the Trend remains sideways and the range of consolidation is likely to be 45000 – 47000.

Aditya Gaggar Director of Progressive Shares:

The Index remained rangebound after commencing the week steadily around 21,920. A sudden drop in the last session dragged the Index lower to end the day at 21,771.70 with a loss of 82.10 points. Buying in the frontline Pharma stocks helped the Index to be the top gainer of the day while FMCG continued to remain a laggard. The Auto and Energy sectors extended their uptrend by gaining over 1% each.

Back-to-back bearish candles have been formed, first Shooting Star candle and now Bearish Engulfing which indicates a strong resistance at the higher levels. The zone of 21,640-21,700 will act as a strong support zone while the upside seems to be capped at 21,960. It is too premature to say that if the Index violates the support zone then the ongoing correction may extend to 21,350 to form a Bullish Cypher pattern.

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