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Nifty is a market index that was introduced by the National Stock Exchange in April 1996. It’s a blend of two words-National Stock Exchange (NSE) and Fifty. It is a benchmark Indian stock market index that represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange.It is one of the two main stock indices used in India, the other being the BSE SENSEX. The base value of the index has been set at 1000 and the base capital of Rs 2.06 trillion. It was initially calculated on a full market capitalization methodology but in 2009 the computation was changed to a free float methodology. The base period for the NIFTY 50 index is November 3 1995, which marked the completion of one year of operations of the National Stock Exchange Equity Market Segment. Nifty 50 index has shaped up to be the largest consisting of exchange-traded funds (onshore and offshore) and exchange-traded options at NSE. It is the world’s most actively traded contract. As of April 2021, the index covers 13 sectors of the Indian Economy and offers investment managers exposure to the Indian market in one portfolio. It also has sectoral indices like NIFTY Bank, NIFTY IT, NIFTY Auto, NIFTY Pharma etc. More
During the week, the BSE Sensex rose 1,310.62 points, or 1.59 percent, to close at 83,580.40, while the Nifty50 gained 373.05 points, or 1.47 percent, to settle at 25,693.70.
The Indian rupee snapped a three-week losing streak to end 133 paise higher at 90.66 on February 6.
Ankita Pathak believes valuations remain high as compared to the EM basket and return of FPIs would be crucial for a based recovery of the market.
The weekly options data signalled a 25,500–25,800 range for the upcoming sessions, while the broader range for the Nifty 50 is seen at 25,000–26,000.
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.
Catch Lovisha Darad in conversation with Nilesh Jain, Head, Technical and Derivatives Research Analyst, Centrum Broking and Shridatta Bhandwaldar, CIO, Equities, Canara Robeco AMC
Sensex, Nifty staged a sharp recovery from lower levels after the RBI maintained its neutral policy stance and left key policy rates unchanged.
Sensex, Nifty were dragged down by sharp selling IT heavyweights amid weak trend in the US equities.
Market Braces For Tough Session Amid AI-Led Global Tech Rout | RBI Policy Today | Opening Bell Live
On February 5, foreign institutional investors (FIIs) remained net sellers, offloading equities worth ₹2,150 crore. In contrast, domestic institutional investors (DIIs) extended their buying streak for a fourth straight session, purchasing equities worth over ₹1,100 crore.
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%.
As far as earnings growth is concerned, given the low base, double-digit seems very likely. But valuations are demanding of more, perhaps closer to mid-teens which is likely but not a given by any assessment, said Pramod Gubbi.
The Bank Nifty remained in a better position than the Nifty 50. The banking index needs to defend the falling support trendline, as below it, 59,600–59,500 are the levels to watch. On the higher side, the hurdle is seen at 60,400, experts said.
As long as the Nifty 50 stays above 25,500–25,450 (key support), an upward move toward 25,800–26,000 is possible; however, a decisive fall below this level can open the door for 25,000, where the maximum Put open interest is placed, experts said.
The final legal text of the agreement is still being worked out and questions remain around the extent and pace of tariff removals, product-specific exclusions and broader non-tariff issues.
Weekly options data suggested immediate resistance for the Nifty 50 at the 25,700–25,800 zone, with support at the 25,500 level, as a decisive break on either side can give a firm direction to the index.
Catch Lovisha Darad in conversation with Nirav Harish Chheda, AVP, Equity Derivatives & Technical Research- Retail, Nirmal Bang and Narendra Solanki, Head of Research at Anand Rathi Shares & Stock Brokers
Sensex, Nifty declined amid profit booking after a three-day rally due to weak trend in global stock markets.
Can Nifty Power Ahead For Fourth Day Despite Anthropic-Led Tech Jitters? | Opening Bell Live
On the retail side, many new investors who enter the market do not have the capacity to hold or patience if they do not see returns for a year or two. That is already showing up in lower trading volumes in recent months, said Raghvendra Nath.
As long as these indices hold above the midline of the Bollinger Bands (20 DMA), the trend remains in favour of the bulls, with a continuation of the buy-on-dips strategy, experts said.
Momentum indicators gave a clear buy signal and the VIX dropped further, while the index sustained above all key moving averages as well as above the previous day’s bullish gap.
The weekly options data also indicated 26,000 as a resistance zone for the Nifty 50 (where the maximum Call open interest is placed), followed by immediate resistance at 25,800. However, 25,500, where the maximum Put open interest is observed, is likely to be a crucial support.
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.
Catch Lovisha Darad in conversation with Ashish Bahety, Technical and Derivative Research Analyst, ProfitMart Securities and Anand K Rathi, Co-Founder, MIRA Money
