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Markets will also watch the Supreme Court’s ruling on Trump tariffs scheduled for February 20. The week ahead will be holiday-shortened with potentially thinner liquidity.
Sectorally, all major indices ended in the red. Energy, Metal, and Realty indices declined 2–3 percent each, while IT, Consumer Durables, FMCG, Telecom, Infra, Auto, Power, PSU, and Oil & Gas indices fell around 1 percent each.
Among the top laggards on the Nifty were Hindalco Industries, Hindustan Unilever, Eternal, Adani Enterprises, and ONGC. On the other side, Bajaj Finance, Eicher Motors, SBI Life Insurance, State Bank of India, and Cipla managed to close in positive territory. Sectorally, all major indices ended in the red. Energy, Metal, and Realty indices declined 2–3 percent each, while IT, Consumer Durables, FMCG, Telecom, Infra, Auto, Power, PSU, and Oil & Gas indices fell around 1 percent each. Broader markets also witnessed heavy selling, with the Nifty Midcap and Smallcap indices shedding nearly 2 percent each.
More than 100 stocks touched their 52-week low, including Sonata Software, KPIT Technologies, Oracle Financial Services, Hexaware Technologies, TCS, Poly Medicure, Newgen Software, Mastek, Wipro, Cyient, Firstsource Solutions, IGL, Happiest Minds, Clean Science, Abbott India, among others.
New York-based GQG, which has more than $24 billion of its $166 billion total assets under management in India, is an outlier among international investors
The rupee rallied at the open to 90.4550 per dollar after settling at 90.70 in the previous session
Bajaj Finance, Shriram Finance, Eicher Motors, ICICI Bank, Trent were among major gainers on the Nifty, while losers were Infosys, TCS, Tech Mahindra, HCL Technologies and Wipro. Nifty midcap and smallcap indices fell 0.5% each. Among sectors, except Consumer Durables (up 0.4%), all other indices ended in the red with IT index sheds 5% and oil & gas, media, realty down 1% each.
More than 120 stocks touched their 52-week highs, including Eicher Motors, Samvardhana Motherson International, Force Motors, Ashok Leyland, SBI, Indus Towers, APL Apollo, KEI Industries, Max Financial, SAIL, Torrent Pharma, Bharat Forge, Nykaa, Titan Company, Grasim Industries, MRPL, among others.
The dollar softened after US retail sales data pointed towards a cooling economy, giving room for the Federal Reserve to cut rates
Eicher Motors, Apollo Hospitals, Max Healthcare, SBI, Maruti Suzuki were among major gainers on the Nifty, while losers included Coal India, TCS, HCL Technologies, Eternal, Infosys. Nifty midcap and smallcap indices ended flat. On the sectoral front auto index jumped 1.3%, PSU Bank index rose 1%, consumer durables index up 0.6%, while IT index shed 1.7%.
Barring pharma and PSU Bank, all other sectoral indices ended in the green, with the media index rising 2 percent and the auto index gaining 1 percent.
The dollar is in deliberate retreat, central banks are hoarding gold, and the post-war monetary order is shifting. New Delhi has a narrow window to turn upheaval into advantage, and it can move faster now
Barring pharma and PSU Bank, all other sectoral indices ended in the green, with the media index rising 2 percent and the auto index gaining 1 percent. The Nifty Midcap and Smallcap indices also advanced 0.4 percent each. The top gainers on the Nifty included Eternal, Tata Steel, Bajaj Auto, ONGC and M&M, while the laggards were Shriram Finance, HCL Tech, Dr Reddy’s Labs, Bajaj Finance and Bharti Airtel.
State Bank of India, Shriram Finance, Titan, Dr Reddy's Laboratories and Grasim Industries were among top gainers on the Nifty, while losers were Max Healthcare, Power Grid Corporation, ITC, ONGC and NTPC.
The rupee opened 10 paisa higher on February 9 after sentiment turned positive post the US-India trade deal
State Bank of India, Shriram Finance, Titan, Dr Reddy's Laboratories, Grasim Industries were among top gainers on the Nifty, while losers were Max Healthcare, Power Grid Corporation, ITC, ONGC, NTPC. Nifty Midcap index rose 1.6% and smallcap index added 2.6%. All the sectoral indices ended in the green with media, consumer durables, realty, PSU Bank, pharma, healthcare, metal up 1-3%.
Following a string of labour market reports that largely surprised to the downside, attention now turns to the official non-farm payrolls report due February 11 as significant downward revisions could strengthen the case for future rate cuts.
While traders and analysts say that the trade breakthrough has lifted the pall over the rupee, a sustainable rally would depend on a bounceback in foreign portfolio inflows
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.
Central banks’ gold purchases fell below 1,000 tonnes in 2025 after three record years, as high prices led to caution.
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 & 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. Nifty Midcap index ended flat, while smallcap index down 0.3%.
The Indian currency was trading lower on February 4, with traders staying on the sidelines ahead of the MPC review
The Nifty IT index plunged 6 percent, marking its biggest single-day fall since April 4, 2025, as stocks such as Infosys, TCS, Tech Mahindra, HCL Technologies and Wipro came under heavy pressure. On the other hand, auto, energy, consumer durables, PSU, realty, metal, oil & gas and power advanced 1–2 percent.
Despite the rupee weakening against the dollar, Indians can still travel abroad in 2026. Here are 5 affordable international destinations offering great value despite currency volatility.
The rupee gained a percent in the previous session following the India-US trade deal announcement, the euphoria now seems to be fizzled out
