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ONGC, Eternal, Trent, Power Grid Corp 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, metal, oil & gas and power stocks advanced 1–2 percent.
The local currency traded higher on February 3, after a late-night US trade deal spurred investor optimism
Analysts predict strong buying momentum through the session, driven by short-covering from foreign investors and positive market sentiment.
One-month USD/INR non-deliverable forwards fell as much as 0.4 percent to 90.28, extending an overnight decline of about 1.3 percent
Nifty 50 and Sensex are set for sharp gains after India and the US announced a trade deal, reducing tariffs and boosting economic ties.
Finance Minister Nirmala Sitharaman said that the country’s macroeconomic fundamentals remain strong and the banks are closely monitoring the situation.
NSE, the largest stock exchange, feels that the move to curb volumes will not have any impact on its upcoming initial public offering (IPO) plans, its Managing Director and Chief Executive Ashish Kumar Chauhan said.
On the sectoral front, FMCG, metal, oil & gas, energy, infra, realty jumped 1-2%, while IT index shed 0.5%.
Surabhi Upadhyay speaks with Veteran Market Investor Raamdeo Agarawal to decode the impact of Budget 2026 and gets to the bottom of the current equity sell-off. She also discusses the recent volatility in global equity and commodity markets with Kevin Warsh Being appointed the new Fed chair
Budget measures to enhance FPI inflows, RBI selling US dollar seen propping up the rupee
Higher transaction costs push Nifty futures breakeven into double digits, forcing systematic traders to rethink strategies
Further downside pressure on precious metals may emerge early in the week as higher CME margins come into effect on Monday, February 2.
Sensex Today | Stock Market LIVE Updates: Tata Motors Passenger Vehicles, Tata Consumer, Adani Ports, Power Grid, Reliance Industries are among major gainers on the Nifty, while losers are Shriram Finance, Max Healthcare, Cipla, Axis Bank, Infosys. On the sectoral front, FMCG, metal, oil & gas, energy, infra, realty up 1-2%, while media, IT healthcare are trading lower. Nifty midcap index up 0.7%, while smallcap index up 0.3%.
Among sectors, except IT, all other indices ended in the red with metal index shed 3.8%, PSU Bank declined 4%, oil & gas slipped 2.7%, Capital Goods fell 3%.
Experts advised investors to diversify, avoid panic selling, and eye rebounds from central bank demand.
Biggest Nifty lowers included ONGC, SBI, Hindalco Industries, Adani Ports, Bharat Electronics, while gainers were Wipro, TCS, Sun Pharma, Max Healthcare, Infosys. Nifty Midcap index fell 2.2% and smallcap indices shed 2.8%. Among sectors, except IT, all other indices ended in the red with metal index shed 3.8%, PSU Bank declined 4%, oil & gas slipped 2.7%, Capital Goods fell 3%.
India and the United States have concluded six rounds of talks for a trade deal so far.
Nageswaran said that further reforms to reduce operating costs, lower input costs, deregulation and skill creation can lift India's medium-term growth higher than the estimated 7 percent.
Among sectors, the metal index slumped 5%, while oil & gas, banking, IT and energy indices fell 0.5–1%. On the other hand, pharma, media, consumer durables and FMCG indices gained 0.7–1.8%.
Trading pauses or delays are not entirely unheard of across global exchanges.
Nifty Midcap index fell 0.3%, while smallcap index added 0.3%. Hindalco, Tata Steel, Coal India, ONGC, JSW Steel were among major losers on the Nifty, while gainers were Tata Consumer, Apollo Hospitals, Nestle, M&M, ITC. Among sectors, metal index shed 5%, oil & gas, Bank, IT, Energy shed 0.5-1%, while pharma, media, consumer durables, FMCG rose 0.5-1.5%.
Among sectors, pharma, PSU Bank, IT, FMCG, auto down 0.7-1%, while metal, realty, private bank, power, energy, oil & gas up 0.6-3%.
The currency has declined 2% on the year so far and nearly 5% since US President Donald Trump imposed steep tariffs on India's merchandise exports to its largest market
Nifty midcap and smallcap indices ended with marginal gains. Among sectors, pharma, PSU Bank, IT, FMCG, auto down 0.7-1%, while metal, realty, private bank, power, energy, oil & gas up 0.6-3%. L&T, Tata Steel, Eternal, Axis Bank, Tata Motors Passenger Vehicles were among top gainers on the Nifty, while losers were Asian Paints, SBI Life Insurance, Interglobe Aviation, Maruti Suzuki and Tata Consumer.
More than 240 stocks touched their 52-week lows, including Concord Biotech, OneSource Specialty Pharma, Syngene International, Gujarat Fluorochemicals, Poly Medicure, Jyothy Labs, Brigade Enterprises, Honeywell Automation, among others.
