Axiscades Tech

< -5%

-5% to -3%

C2C Advanced

Apollo Micro Sy

Jaykay Ent

Bharat Dynamics

Bharat Elec

Unimech Aerospa

Taneja Aerospac

Azad Eng

Taal Tech

-3% to 0%

MTAR Tech

Rossell Techsys

NIBE

Sika Interplant

Hindustan Aeron

0% to 3%

3% to 5%

Data Patterns

LIC shares surged 8% after strong Q3 earnings and 17% YoY profit growth., Kaynes Tech shares fell nearly 8 percent despite 15 percent YoY profit rise, Brokerages maintain BUY rating on LIC, citing margin improvement and growth

* LIC shares surged 8% after strong Q3 earnings and 17% YoY profit growth.
* Kaynes Tech shares fell nearly 8 percent despite 15 percent YoY profit rise
* Brokerages maintain BUY rating on LIC, citing margin improvement and growth

LIC shares surged 8% after strong Q3 results, with net profit up 17% YoY and improved asset quality. Brokerages raised targets, citing growth. Kaynes Tech shares fell 8% as Q3 profit rose 15% YoY but missed estimates due to weaker margins and muted industrial growth.

shorts/business/q3-results-impact-lic-soars-8-on-higher-new-business-value-margins-kaynes-tech-falls-8-as-profit-misses-estimates

* LIC shares surged 8% after strong Q3 earnings and 17% YoY profit growth.
* Kaynes Tech shares fell nearly 8 percent despite 15 percent YoY profit rise
* Brokerages maintain BUY rating on LIC, citing margin improvement and growth

The shares of Life Insurance Corporation of India (LIC) jumped in trade on February 6 after the company reported a “very strong” set of earnings for the October-December quarter of the ongoing FY26. Kaynes Tech shares however tumbled.

LIC shares jumped around 8 percent to hit a 11-week high of Rs 905 apiece. Kaynes Tech shares meanwhile plunged nearly 8 percent to Rs 3,337 apiece, extending losses for the second day.
<h3><strong>LIC Q3 Results:</strong></h3>
<a href="https://www.moneycontrol.com/india/stockpricequote/lifehealth-insurance/lifeinsurancecorporationindia/LIC09">LIC </a>on February 5 reported a consolidated net profit of Rs 12,930 crore for Q3 of the financial year 2026, marking a 17 percent YoY rise from the Rs 11,008.65 crore net profit reported in the corresponding quarter of the previous financial year. The insurer's net premium income also rose more than 17 percent YoY to Rs 1,25,988.15 crore during the quarter under review.

The insurer’s solvency ratio rose to 2.19 percent in Q3 FY26 from 2.02 percent in Q3 FY25. Asset quality improved, with gross NPA ratio for policyholders’ fund reducing to 1.31 percent in Q3 FY26, from 1.34 percent in Q2 FY26 and 1.64 percent in Q3 FY25.

LIC said that its assets under management (AUM) stood at Rs 59.17 lakh crore by the end of December last year.

JM Financial said that the company reported “exceptionally strong results”, with individual APE growth of 61 percent which was substantially higher than the reported RWRP growth of 26 percent. “We have appreciated LIC’s business, the results justify our conviction. While we raise FY26/FY27/FY28E APE estimates by 4-5%, we maintain our margin estimates, for now. We maintain BUY on the stock with an unchanged target price of Rs 1,111, valuing the corporation at 0.7x Mar’28 EVPS of Rs 1,596,” the brokerage said.

The target price implies an upside potential of more than 32 percent from the stock’s previous closing price.

Motilal Oswal Financial Services noted that the firm’s management expects premium growth to be in line with the industry, driven by an increase in ticket size and growth in the number of policies with enhanced affordability post GST exemption. GST impact on VNB margin will be offset by a product mix shift, cost optimization, and improvement in persistency.

“We have increased our APE estimates by 7%/5%/5% and VNB margin estimates by 120bp/120bp/50bp for FY26/27/28, considering the strong growth trajectory and increasing non-par contribution witnessed during 9MFY26. Reiterate BUY with a revised TP of Rs 1,100 (premised on 0.6x FY28E EV),” it added.

Emkay Global upgraded the stock to "buy" from "add", citing consistent margin improvement and share price underperformance.
<h3><strong>Kaynes Tech Q3 Results:</strong></h3>
<a href="https://www.moneycontrol.com/india/stockpricequote/electronics-components/kaynestechnologyindia/KTI">Kaynes Technology India</a> on February 5 reported a consolidated net profit of Rs 76.64 crore for the October-December quarter of FY26, marking a 15 percent YoY rise from the Rs 66.46 crore net profit reported in the corresponding quarter of the previous financial year.

Sequentially however, net profit fell from the Rs 121.41 crore reported in the second quarter of FY26.

The firm’s revenue from operations meanwhile rose around 22 percent to Rs 804.03 crore during the quarter under review.

ICICI Securities said that while profit grew 15 percent YoY, it missed estimates driven by muted growth and lack of traction in the company's industrial segment

JP Morgan says Kaynes' Q3 profit disappointed due to weaker margins and an unfavourable mix, despite strong year-on-year revenue growth.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-weak-start-us-asian-markets-fall-3-liveblog-13814186.html">LIVE updates</a> from the stock markets here.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Ownership, Material Conflicts of Interest and Disciplinary History

MCD is a wholly owned subsidiary of Network 18 Media & Investments Ltd ("Network18"), in which Independent Media Trust (IMT) holds 56.89% stake. Reliance Industries Limited ("RIL") is the sole beneficiary of IMT. Network18 and RIL and their subsidiaries, joint ventures and associates can be considered as associates of MCD.

Details of Associate

Receipt of Compensation

Third-Party Compensation

Employment History

Market-Making Activities

Use of Artificial Intelligence

Q3 results impact: LIC soars 8% on higher new business value, margins; Kaynes Tech falls 8% as profit misses estimates

The shares of Life Insurance Corporation of India (LIC) jumped in trade on February 6 after the company reported a “very strong” set of earnings for the October-December quarter of the ongoing FY26. Kaynes Tech shares however tumbled.

LIC shares jumped around 8 percent to hit a 11-week high of Rs 905 apiece. Kaynes Tech shares meanwhile plunged nearly 8 percent to Rs 3,337 apiece, extending losses for the second day.
LIC Q3 Results:
LIC on February 5 reported a consolidated net profit of Rs 12,930 crore for Q3 of the financial year 2026, marking a 17 percent YoY rise from the Rs 11,008.65 crore net profit reported in the corresponding quarter of the previous financial year. The insurer's net premium income also rose more than 17 percent YoY to Rs 1,25,988.15 crore during the quarter under review.

The insurer’s solvency ratio rose to 2.19 percent in Q3 FY26 from 2.02 percent in Q3 FY25. Asset quality improved, with gross NPA ratio for policyholders’ fund reducing to 1.31 percent in Q3 FY26, from 1.34 percent in Q2 FY26 and 1.64 percent in Q3 FY25.

LIC said that its assets under management (AUM) stood at Rs 59.17 lakh crore by the end of December last year.

JM Financial said that the company reported “exceptionally strong results”, with individual APE growth of 61 percent which was substantially higher than the reported RWRP growth of 26 percent. “We have appreciated LIC’s business, the results justify our conviction. While we raise FY26/FY27/FY28E APE estimates by 4-5%, we maintain our margin estimates, for now. We maintain BUY on the stock with an unchanged target price of Rs 1,111, valuing the corporation at 0.7x Mar’28 EVPS of Rs 1,596,” the brokerage said.

The target price implies an upside potential of more than 32 percent from the stock’s previous closing price.

Motilal Oswal Financial Services noted that the firm’s management expects premium growth to be in line with the industry, driven by an increase in ticket size and growth in the number of policies with enhanced affordability post GST exemption. GST impact on VNB margin will be offset by a product mix shift, cost optimization, and improvement in persistency.

“We have increased our APE estimates by 7%/5%/5% and VNB margin estimates by 120bp/120bp/50bp for FY26/27/28, considering the strong growth trajectory and increasing non-par contribution witnessed during 9MFY26. Reiterate BUY with a revised TP of Rs 1,100 (premised on 0.6x FY28E EV),” it added.

Emkay Global upgraded the stock to &quot;buy&quot; from &quot;add&quot;, citing consistent margin improvement and share price underperformance.
Kaynes Tech Q3 Results:
Kaynes Technology India on February 5 reported a consolidated net profit of Rs 76.64 crore for the October-December quarter of FY26, marking a 15 percent YoY rise from the Rs 66.46 crore net profit reported in the corresponding quarter of the previous financial year.

Sequentially however, net profit fell from the Rs 121.41 crore reported in the second quarter of FY26.

The firm’s revenue from operations meanwhile rose around 22 percent to Rs 804.03 crore during the quarter under review.

ICICI Securities said that while profit grew 15 percent YoY, it missed estimates driven by muted growth and lack of traction in the company's industrial segment

JP Morgan says Kaynes' Q3 profit disappointed due to weaker margins and an unfavourable mix, despite strong year-on-year revenue growth.

Follow all LIVE updates from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

RBI keeps repo rate unchanged at 5.25 percent, stance remains 'Neutral', Nifty Bank index drops over 0.4 percent, extending losses for second session, IndusInd Bank falls nearly 2 percent; Axis, ICICI, Kotak Mahindra trade in green

* RBI keeps repo rate unchanged at 5.25 percent, stance remains 'Neutral'
* Nifty Bank index drops over 0.4 percent, extending losses for second session
* IndusInd Bank falls nearly 2 percent; Axis, ICICI, Kotak Mahindra trade in green

Bank stocks fell after RBI kept the repo rate unchanged at 5.25%. Nifty Bank dropped over 0.4%, with major banks declining. Technical analysts see support at 59,700–59,800 and resistance at 60,300–60,400, with volatility expected amid global uncertainty.

shorts/business/bank-nifty-below-60-000-after-rbi-rate-decision-indusind-pnb-lead-losses-check-key-trading-levels

* RBI keeps repo rate unchanged at 5.25 percent, stance remains 'Neutral'
* Nifty Bank index drops over 0.4 percent, extending losses for second session
* IndusInd Bank falls nearly 2 percent; Axis, ICICI, Kotak Mahindra trade in green

Bank stocks declined in trade on February 6 after the Reserve Bank of India’s (RBI) Monetary Policy Committee kept its repo rate unchanged after a cumulative repo rate cut of 125 basis points since February 2025.

The <a href="https://www.moneycontrol.com/indian-indices/NIFTY-BANK-23.html">Nifty Bank index</a> dropped more than 0.4 percent to 59,798.85, as seen at 10.45 am, extending losses for the second consecutive session.

While announcing the decisions taken during the MPC meeting, RBI Governor Sanjay Malhotra said that the central bank has decided to maintain status quo on the repo rate at 5.25 percent and retain stance at ‘Neutral’.

The RBI also maintained a status quo on the standing deposit facility (SDF) at 5 percent, and kept marginal standing facility (MSF) and bank rates at 5.5 percent. The SDF is the lower band of the interest rate corridor, while the MSF is the upper band.

“Since the last MPC meeting (December 2025), external headwinds have intensified. However, the successful completion of trade deals augurs well for the economic outlook. Overall, the near-term domestic inflation and growth outlooks remain positive,” he said.
<h3><strong>Bank stocks:</strong></h3>
<a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/indusindbank/IIB">IndusInd Bank</a> shares dropped nearly 2 percent, while Punjab National Bank (<a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/punjabnationalbank/PNB05">PNB</a>), Bank of Baroda, Canara Bank, <a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/statebankindia/SBI">State Bank of India</a> (SBI) and Union Bank of India fell more than 1 percent each.

Yes Bank, Federal Bank, IDFC First Bank, <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/hdfcbank/HDF01">HDFC Bank</a> and AU Small Finance Bank shares were down around 1 percent each. Bucking the trend, <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/axisbank/AB16">Axis Bank</a>, ICICI Bank and <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/kotakmahindrabank/KMB">Kotak Mahindra Bank</a> shares were trading in the green.
<h3><strong>Technical view on Bank Nifty:</strong></h3>
Hitesh Tailor, Research Analyst at Choice Equity Broking sees Bank Nifty finding immediate resistance at 60,300–60,400, and crucial support in the 59,700–59,800 range.

Nifty Bank is moving sideways following the sharp recovery from recent lows, said SAMCO Securities. It added that the RSI is placed near 56, holding above the neutral zone. The MACD continues to improve and remains in positive territory, it further said.

“On the downside, 59,800 remains the immediate support, followed by 59,600, which coincides with the 50-day moving average. On the upside, 60,300–60,350 remains the immediate resistance band, followed by 60,500,” the brokerage added.

“Index has immediate support at 59500-59200 levels being the confluence of the 20- and 50-days EMA. Index holding above the support area will keep the bias positive and will open upside towards 60,700 and 61,200 levels in the coming weeks. Volatility is likely to remain elevated amid uncertain global cues and the upcoming RBI monetary policy announcement. Key short-term support is placed in the 58,500–58,000 zone,” said Bajaj Broking.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-weak-start-us-asian-markets-fall-3-liveblog-13814186.html">LIVE updates</a> from the stock markets here.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Bank Nifty below 60,000 after RBI rate decision; IndusInd, PNB lead losses: Check key trading levels

Bank stocks declined in trade on February 6 after the Reserve Bank of India’s (RBI) Monetary Policy Committee kept its repo rate unchanged after a cumulative repo rate cut of 125 basis points since February 2025.

The Nifty Bank index dropped more than 0.4 percent to 59,798.85, as seen at 10.45 am, extending losses for the second consecutive session.

While announcing the decisions taken during the MPC meeting, RBI Governor Sanjay Malhotra said that the central bank has decided to maintain status quo on the repo rate at 5.25 percent and retain stance at ‘Neutral’.

The RBI also maintained a status quo on the standing deposit facility (SDF) at 5 percent, and kept marginal standing facility (MSF) and bank rates at 5.5 percent. The SDF is the lower band of the interest rate corridor, while the MSF is the upper band.

“Since the last MPC meeting (December 2025), external headwinds have intensified. However, the successful completion of trade deals augurs well for the economic outlook. Overall, the near-term domestic inflation and growth outlooks remain positive,” he said.
Bank stocks:
IndusInd Bank shares dropped nearly 2 percent, while Punjab National Bank (PNB), Bank of Baroda, Canara Bank, State Bank of India (SBI) and Union Bank of India fell more than 1 percent each.

Yes Bank, Federal Bank, IDFC First Bank, HDFC Bank and AU Small Finance Bank shares were down around 1 percent each. Bucking the trend, Axis Bank, ICICI Bank and Kotak Mahindra Bank shares were trading in the green.
Technical view on Bank Nifty:
Hitesh Tailor, Research Analyst at Choice Equity Broking sees Bank Nifty finding immediate resistance at 60,300–60,400, and crucial support in the 59,700–59,800 range.

Nifty Bank is moving sideways following the sharp recovery from recent lows, said SAMCO Securities. It added that the RSI is placed near 56, holding above the neutral zone. The MACD continues to improve and remains in positive territory, it further said.

“On the downside, 59,800 remains the immediate support, followed by 59,600, which coincides with the 50-day moving average. On the upside, 60,300–60,350 remains the immediate resistance band, followed by 60,500,” the brokerage added.

“Index has immediate support at 59500-59200 levels being the confluence of the 20- and 50-days EMA. Index holding above the support area will keep the bias positive and will open upside towards 60,700 and 61,200 levels in the coming weeks. Volatility is likely to remain elevated amid uncertain global cues and the upcoming RBI monetary policy announcement. Key short-term support is placed in the 58,500–58,000 zone,” said Bajaj Broking.

Follow all LIVE updates from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Indian IT stocks fell for a third day due to AI competition concerns., Nifty IT index dropped 3 percent, heading for its worst week in over four months, Anthropic's new AI tools raised concerns over disruption in IT services revenue

* Indian IT stocks fell for a third day due to AI competition concerns.
* Nifty IT index dropped 3 percent, heading for its worst week in over four months
* Anthropic's new AI tools raised concerns over disruption in IT services revenue

Indian IT stocks fell sharply for a third day, with the Nifty IT index down 3% amid concerns that Anthropic’s new AI tools could disrupt core services. Analysts warn AI may erode IT firms’ revenues, causing volatility and more pain ahead for the sector.

shorts/business/it-stocks-fall-for-3rd-day-as-ai-jitters-deepen-coforge-tcs-decline-up-to-4

* Indian IT stocks fell for a third day due to AI competition concerns.
* Nifty IT index dropped 3 percent, heading for its worst week in over four months
* Anthropic's new AI tools raised concerns over disruption in IT services revenue

Indian IT stocks extended their sharp decline for the third consecutive session on February 6 as looming worries over rapid advances in artificial intelligence spooked investors.

The sharp decline in share prices pushed the <a href="https://www.moneycontrol.com/indian-indices/nifty-it-19.html">Nifty IT index</a> down around 3 percent to 35,457.80, as seen at 9.45 am on Friday. The index has now fallen nearly 9 percent since Anthropic launched a new legal AI tool.

It is currently the worst performing sectoral index on the markets today, and is now heading for its worst week in over four months.
<h3><strong>IT stocks fall further:</strong></h3>
<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/coforge/NII02">Coforge</a> shares fell more than 4 percent, while Persistent Systems and LTIMindtree shares were down around 3 percent each. Mphasis and <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/techmahindra/TM4">Tech Mahindra</a> shares were down more than 2 percent each, while heavyweights <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/tataconsultancyservices/TCS">Tata Consultancy Services</a> (TCS) and <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/infosys/IT">Infosys</a> shares were down nearly 2 percent each.

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/wipro/W">Wipro</a> and HCLTech shares fell around 1 percent each.
<h3><strong>Why are IT stocks falling today?</strong></h3>
Investors remained concerned that AI was creating more competition for software makers, after Anthropic’s launch of a legal tool for its Claude AI chatbot.

AI developer Anthropic launched plug-ins for its Claude Cowork agent last week that can automate tasks across legal, sales, marketing and data analysis. The move has triggered worries of an impending AI-fueled disruption of the data and professional services industry, which were once seen as major beneficiaries of the AI era, according to traders and analysts.
<h3><strong>What lies ahead?</strong></h3>
Jefferies in its latest note explained that Anthropic’s Cowork plug-ins highlight how AI could erode application services revenue, which accounts for 40–70 percent of IT firms’ topline. The international brokerage added that it sees "more pain ahead" for sector.

India’s $283‑billion IT sector relies heavily on deploying large workforces for client projects.

IT services firms face mounting growth pressure as AI threatens to chip away at core application service lines, Jefferies said, adding that AI will drag on IT firms' revenue growth over the next 1–2 years as deflation in legacy service revenues outweighs emerging AI-led opportunities.

“Anthropic launched new capabilities for its Cowork to the legal space, heightening competition,” Morgan Stanley analysts including Toni Kaplan wrote in a note on Thomson Reuters, as reported by Bloomberg. “We view this as a sign of intensifying competition, and thus a potential negative," they said.

“We're looking at a lot of software names that are seen as companies that may well be disrupted when we start to see the advancement of artificial intelligence. We're seeing a lot of software companies across the spectrum get hit,” Reuters quoted Art Hogan, chief market strategist at B. Riley Wealth, as saying.

Anthropic’s launch of advanced AI automation tools, which heightened concerns about potential disruption to traditional software and IT services models, prompted investors to reassess the extent to which generative AI could automate core outsourcing and software functions, triggering broad-based selling across global tech stocks and the Nifty IT index, said Ajit Mishra – SVP, Research, Religare Broking.

"While the sector’s fundamentals remain intact, near-term sentiment is likely to stay volatile as markets gauge the impact on demand and margins. Investors may be better off avoiding aggressive positions until clearer signs of stability emerge," he added.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-weak-start-us-asian-markets-fall-3-liveblog-13814186.html">LIVE updates</a> from the stock markets here.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

IT stocks fall for 3rd day as AI jitters deepen; Coforge, TCS decline up to 4%

Indian IT stocks extended their sharp decline for the third consecutive session on February 6 as looming worries over rapid advances in artificial intelligence spooked investors.

The sharp decline in share prices pushed the Nifty IT index down around 3 percent to 35,457.80, as seen at 9.45 am on Friday. The index has now fallen nearly 9 percent since Anthropic launched a new legal AI tool.

It is currently the worst performing sectoral index on the markets today, and is now heading for its worst week in over four months.
IT stocks fall further:
Coforge shares fell more than 4 percent, while Persistent Systems and LTIMindtree shares were down around 3 percent each. Mphasis and Tech Mahindra shares were down more than 2 percent each, while heavyweights Tata Consultancy Services (TCS) and Infosys shares were down nearly 2 percent each.

Wipro and HCLTech shares fell around 1 percent each.
Why are IT stocks falling today?
Investors remained concerned that AI was creating more competition for software makers, after Anthropic’s launch of a legal tool for its Claude AI chatbot.

AI developer Anthropic launched plug-ins for its Claude Cowork agent last week that can automate tasks across legal, sales, marketing and data analysis. The move has triggered worries of an impending AI-fueled disruption of the data and professional services industry, which were once seen as major beneficiaries of the AI era, according to traders and analysts.
What lies ahead?
Jefferies in its latest note explained that Anthropic’s Cowork plug-ins highlight how AI could erode application services revenue, which accounts for 40–70 percent of IT firms’ topline. The international brokerage added that it sees &quot;more pain ahead&quot; for sector.

India’s $283‑billion IT sector relies heavily on deploying large workforces for client projects.

IT services firms face mounting growth pressure as AI threatens to chip away at core application service lines, Jefferies said, adding that AI will drag on IT firms' revenue growth over the next 1–2 years as deflation in legacy service revenues outweighs emerging AI-led opportunities.

“Anthropic launched new capabilities for its Cowork to the legal space, heightening competition,” Morgan Stanley analysts including Toni Kaplan wrote in a note on Thomson Reuters, as reported by Bloomberg. “We view this as a sign of intensifying competition, and thus a potential negative,&quot; they said.

“We're looking at a lot of software names that are seen as companies that may well be disrupted when we start to see the advancement of artificial intelligence. We're seeing a lot of software companies across the spectrum get hit,” Reuters quoted Art Hogan, chief market strategist at B. Riley Wealth, as saying.

Anthropic’s launch of advanced AI automation tools, which heightened concerns about potential disruption to traditional software and IT services models, prompted investors to reassess the extent to which generative AI could automate core outsourcing and software functions, triggering broad-based selling across global tech stocks and the Nifty IT index, said Ajit Mishra – SVP, Research, Religare Broking.

&quot;While the sector’s fundamentals remain intact, near-term sentiment is likely to stay volatile as markets gauge the impact on demand and margins. Investors may be better off avoiding aggressive positions until clearer signs of stability emerge,&quot; he added.

Follow all LIVE updates from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Silver ETFs plunged as spot prices fell below $70/oz; gold ETFs also declined, CME margin hikes and Fed chair nomination triggered selloff in precious metals, Analysts expect silver demand and supply deficits to support prices long-term

* Silver ETFs plunged as spot prices fell below $70/oz; gold ETFs also declined
* CME margin hikes and Fed chair nomination triggered selloff in precious metals
* Analysts expect silver demand and supply deficits to support prices long-term

Silver ETFs plunged as spot prices fell below $70/oz on Comex, driven by CME margin hikes and a stronger dollar. Gold ETFs also dropped. Despite volatility, analysts expect silver’s industrial demand and supply deficits to support prices in the long term.

shorts/business/silver-etfs-tumble-up-to-8-as-white-metal-falls-below-70-gold-etfs-down-3-what-lies-ahead

* Silver ETFs plunged as spot prices fell below $70/oz; gold ETFs also declined
* CME margin hikes and Fed chair nomination triggered selloff in precious metals
* Analysts expect silver demand and supply deficits to support prices long-term

Silver exchange traded funds (ETFs) crashed in trade on February 6, as the spot prices of the white metal fell below the key psychological mark of $70 per ounce on Comex. Gold ETFs also fell, although less sharply that those of silver.

Silver futures with March expiry on the Multi Commodity Exchange of India (MCX) dropped around 6 percent in the early trading hours of Friday to trade at Rs 2.29 lakh per kilogram. The futures have now dropped around 45 percent in around a week since hitting a lifetime high of Rs 4.2 lakh per kilogram earlier last week.

Silver futures with May expiry meanwhile fell around 4 percent to Rs 2.42 lakh per kilogram. Gold futures were also down on MCX.
<h3><strong>Silver ETFs tumble:</strong></h3>
<a href="https://www.moneycontrol.com/india/stockpricequote/etf/edelweisssilveretf/ESILV20257">Edelweiss Silver ETF</a> was down more than 8 percent to trade at Rs 232.66 apiece, as seen at 9.20 am. Aditya Birla Sun Life Silver ETF was down nearly 8 percent, while <a href="https://www.moneycontrol.com/india/stockpricequote/etf/sbisilveretf/SBISI24366">SBI Silver ETF</a>, HDFC Silver ETF, Zerodha Silver ETF, UTI Silver ETF, Tata Silver ETF, ICICI Prudential Silver ETF and <a href="https://www.moneycontrol.com/india/stockpricequote/etf/nipponindiasilveretf/NIS01">Nippon India Silver ETF</a> were down around 7 percent each.

Axis Silver ETF, Kotak Silver ETF, DSP Silver ETF, <a href="https://www.moneycontrol.com/india/stockpricequote/etf/motilaloswalsilveretf/MOS01">Motilal Oswal Silver ETF</a>, Mirae Asset Silver ETF, 360 ONE Silver ETF and others were down around 6 percent each.

Among the gold ETFs, Motilal Oswal Gold ETF dropped around 3 percent, while <a href="https://www.moneycontrol.com/india/stockpricequote/gold-etf/iciciprudentialgoldetf/ICI10">ICICI Prudential Gold ETF</a>, DSP Gold ETF, UTI MF Gold ETF and others fell around 2 percent each.
<h3><strong>Why are silver prices crashing?</strong></h3>
A dramatic unwind which hit gold and silver markets recently, erased a chunk of their record breaking January gains. The plunge began after CME Group hiked margin requirements on both metals, forcing leveraged traders to liquidate positions and accelerating a wave of selling. In additions, the selloff intensified as markets digested that US President Donald Trump nominated Kevin Warsh—viewed as a hawkish, dollar supportive choice—as the next Federal Reserve Chair. The shift revived expectations of tighter policy and triggered a sharp rebound in the U.S. dollar, which is negative for precious metals.

Silver has had an extraordinary run in 2025, surging roughly 50–60%+ year-to-date on industrial demand, supply deficits, and safe-haven flows.

“Markets often see sharp corrections after such extended rallies. Broader risk sentiment and geopolitical cues can prompt profit booking in commodities, especially where positioning has been crowded,” said Nirpendra Yadav, Senior Commodity Research Analyst at Bonanza.
<h3><strong>What lies ahead?</strong></h3>
Industrial demand for silver remains strong and tight supply environment and deficits persist globally, which supports price stability over the medium-to-long run despite volatility, the analyst added. He explained that a sharp fall in silver on intraday basis does not shape the long-term view.

Ross Maxwell, Global Strategy Operations Lead at VT Markets that the trade deal between India and US can lead to a shift towards increasing trade engagement which can improve risk appetite, ease supply-chain frictions, and reduce inflationary pressures linked to tariffs. “In relation to this announcement, gold and silver prices will be looking to balance between lower trade tensions and persistent macro uncertainty. A clearer trade outlook can reduce risk aversion, which will limit upside moves in precious metals,” he said.

"Gold remains well supported by ongoing concerns around inflation, currency stability, and geopolitical risks, keeping it attractive as a strategic hedge rather than a short-term trade," Maxwell said.

According to the analyst, silver, while also a safe-haven asset, has the additional role in industrial demand, meaning improved global trade expectations can support prices through stronger manufacturing.

"While the tariff reduction may slow down fear-driven buying, both gold and silver are likely to stay structurally firm as long as economic and policy uncertainty remains," Maxwell concluded.

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Silver ETFs tumble up to 8% as white metal falls below $70; gold ETFs down 3%: What lies ahead?

Silver exchange traded funds (ETFs) crashed in trade on February 6, as the spot prices of the white metal fell below the key psychological mark of $70 per ounce on Comex. Gold ETFs also fell, although less sharply that those of silver.

Silver futures with March expiry on the Multi Commodity Exchange of India (MCX) dropped around 6 percent in the early trading hours of Friday to trade at Rs 2.29 lakh per kilogram. The futures have now dropped around 45 percent in around a week since hitting a lifetime high of Rs 4.2 lakh per kilogram earlier last week.

Silver futures with May expiry meanwhile fell around 4 percent to Rs 2.42 lakh per kilogram. Gold futures were also down on MCX.
Silver ETFs tumble:
Edelweiss Silver ETF was down more than 8 percent to trade at Rs 232.66 apiece, as seen at 9.20 am. Aditya Birla Sun Life Silver ETF was down nearly 8 percent, while SBI Silver ETF, HDFC Silver ETF, Zerodha Silver ETF, UTI Silver ETF, Tata Silver ETF, ICICI Prudential Silver ETF and Nippon India Silver ETF were down around 7 percent each.

Axis Silver ETF, Kotak Silver ETF, DSP Silver ETF, Motilal Oswal Silver ETF, Mirae Asset Silver ETF, 360 ONE Silver ETF and others were down around 6 percent each.

Among the gold ETFs, Motilal Oswal Gold ETF dropped around 3 percent, while ICICI Prudential Gold ETF, DSP Gold ETF, UTI MF Gold ETF and others fell around 2 percent each.
Why are silver prices crashing?
A dramatic unwind which hit gold and silver markets recently, erased a chunk of their record breaking January gains. The plunge began after CME Group hiked margin requirements on both metals, forcing leveraged traders to liquidate positions and accelerating a wave of selling. In additions, the selloff intensified as markets digested that US President Donald Trump nominated Kevin Warsh—viewed as a hawkish, dollar supportive choice—as the next Federal Reserve Chair. The shift revived expectations of tighter policy and triggered a sharp rebound in the U.S. dollar, which is negative for precious metals.

Silver has had an extraordinary run in 2025, surging roughly 50–60%+ year-to-date on industrial demand, supply deficits, and safe-haven flows.

“Markets often see sharp corrections after such extended rallies. Broader risk sentiment and geopolitical cues can prompt profit booking in commodities, especially where positioning has been crowded,” said Nirpendra Yadav, Senior Commodity Research Analyst at Bonanza.
What lies ahead?
Industrial demand for silver remains strong and tight supply environment and deficits persist globally, which supports price stability over the medium-to-long run despite volatility, the analyst added. He explained that a sharp fall in silver on intraday basis does not shape the long-term view.

Ross Maxwell, Global Strategy Operations Lead at VT Markets that the trade deal between India and US can lead to a shift towards increasing trade engagement which can improve risk appetite, ease supply-chain frictions, and reduce inflationary pressures linked to tariffs. “In relation to this announcement, gold and silver prices will be looking to balance between lower trade tensions and persistent macro uncertainty. A clearer trade outlook can reduce risk aversion, which will limit upside moves in precious metals,” he said.

&quot;Gold remains well supported by ongoing concerns around inflation, currency stability, and geopolitical risks, keeping it attractive as a strategic hedge rather than a short-term trade,&quot; Maxwell said.

According to the analyst, silver, while also a safe-haven asset, has the additional role in industrial demand, meaning improved global trade expectations can support prices through stronger manufacturing.

&quot;While the tariff reduction may slow down fear-driven buying, both gold and silver are likely to stay structurally firm as long as economic and policy uncertainty remains,&quot; Maxwell concluded.

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Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries/talbrosautomotivecomponents/TAC">Talbros Automotive Components</a> shares rose more than 2 percent in the early trade on February 6 after the company announced that it, along with its joint ventures, has secured multi-year orders worth over ₹1,000 crore from leading OEMs across domestic and export markets.

At 09:18am, Talbros Automotive Components was quoting at Rs 289.95, up Rs 7.75, or 2.75 percent, on the BSE.

In an exchange filing, the company said the orders span all its key product lines, including gaskets, heat shields, forging components, hoses and anti-vibration parts, as well as chassis components.

Commercialisation of these orders is expected to begin from FY27, with execution spread over the next five years.

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The company secured export orders of Rs 500 crores in the forgings business. A significant portion of these orders is from a newly onboarded customer – a major European based global automotive component supplier

Also, secured export orders of Rs 90 crore through the JV, Marelli Talbros Chassis Systems, for BIW components from a multinational automobile manufacturer producing luxury vehicles and SUVs. These orders cater to the EV segment.

The company secured orders through the JV, Talbros Marugo Rubber worth Rs 170 crores in the domestic market for products like Hoses and Anti-vibration parts and secured orders worth Rs 250 crores (includes ~Rs. 110 crores of exports) from the sealing business of gaskets and heat shield products.

A meeting of the board of directors of the company is scheduled to be held on Wednesday, 11 February, 2026, to consider and approve the unaudited financial results (standalone and
consolidated) of the company for the quarter and nine months ended 31°t December, 2025.

Talbros Automotive shares gain 2% after bagging ₹1,000-crore multi-year orders

Talbros Automotive Components shares rose more than 2 percent in the early trade on February 6 after the company announced that it, along with its joint ventures, has secured multi-year orders worth over ₹1,000 crore from leading OEMs across domestic and export markets.

At 09:18am, Talbros Automotive Components was quoting at Rs 289.95, up Rs 7.75, or 2.75 percent, on the BSE.

In an exchange filing, the company said the orders span all its key product lines, including gaskets, heat shields, forging components, hoses and anti-vibration parts, as well as chassis components.

Commercialisation of these orders is expected to begin from FY27, with execution spread over the next five years.

Catch all the market action on our live blog

The company secured export orders of Rs 500 crores in the forgings business. A significant portion of these orders is from a newly onboarded customer – a major European based global automotive component supplier

Also, secured export orders of Rs 90 crore through the JV, Marelli Talbros Chassis Systems, for BIW components from a multinational automobile manufacturer producing luxury vehicles and SUVs. These orders cater to the EV segment.

The company secured orders through the JV, Talbros Marugo Rubber worth Rs 170 crores in the domestic market for products like Hoses and Anti-vibration parts and secured orders worth Rs 250 crores (includes ~Rs. 110 crores of exports) from the sealing business of gaskets and heat shield products.

A meeting of the board of directors of the company is scheduled to be held on Wednesday, 11 February, 2026, to consider and approve the unaudited financial results (standalone and
consolidated) of the company for the quarter and nine months ended 31°t December, 2025.

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Silver ETFs tumble up to 8% as white metal falls below $70; gold ETFs down 3%: What lies ahead?

Talbros Automotive shares gain 2% after bagging ₹1,000-crore multi-year orders

Aerospace & Defence Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Aerospace & Defence industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q3 FY25-26

Stock News

Q3 results impact: LIC soars 8% on higher new business value, margins; Kaynes Tech falls 8% as profit misses estimates

Bank Nifty below 60,000 after RBI rate decision; IndusInd, PNB lead losses: Check key trading levels

IT stocks fall for 3rd day as AI jitters deepen; Coforge, TCS decline up to 4%

Silver ETFs tumble up to 8% as white metal falls below $70; gold ETFs down 3%: What lies ahead?

Talbros Automotive shares gain 2% after bagging ₹1,000-crore multi-year orders

Aerospace & Defence Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Aerospace & Defence industry stocks.