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
The India–US trade deal has taken pressure off the currency. The real question is whether flows and fundamentals can do the rest.
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%.