📈 Market Snapshot

Here is the stock market news for India today, Thursday, February 5, 2026.

Market Snapshot: Indices Snap Winning Streak

1. Closing Figures: The benchmark indices ended their three-day rally today. The BSE Sensex fell 503.76 points (0.60%) to close at 83,313.93.
2. Nifty50: The NSE Nifty declined 133.20 points (0.52%) to settle at 25,642.80.
3. The Reason: The drop was primarily driven by profit-booking after recent gains and weak global cues, specifically a tech sell-off in US markets that rippled through to Indian IT stocks.
4. Volatility: Markets witnessed significant volatility, with the Sensex tanking as much as 666 points during intraday trade before recovering slightly.

Top Gainers & Losers

5. Top Losers (Sensex/Nifty): Major heavyweights dragging the indices down included Infosys, Bharti Airtel, ITC, Asian Paints, Reliance Industries, Titan Company, and Bharat Electronics (BEL).
6. Top Gainers (Sensex/Nifty): Despite the gloom, Trent emerged as a top performer, rising nearly 3%. Other notable gainers included Tata Steel, State Bank of India (SBI), Bajaj Finance, and Max Healthcare.
7. Sector Performance: The Nifty IT index was a major laggard, under pressure due to fears that new AI automation tools (like those from Anthropic) could impact traditional outsourcing demand. The Metal index also faced selling pressure.

Key Corporate News & Earnings

8. Tata Power Earnings: The company reported a 4% drop in net profit to ₹1,194 crore for Q3, largely impacted by the ongoing shutdown of its flagship Mundra thermal power plant.
9. Aditya Birla Capital: Reported strong numbers with a 41% year-on-year growth in net profit for Q3, driven by its lending and insurance businesses.
10. Global Health (Medanta): The hospital chain reported a 33.5% decline in consolidated net profit for Q3 (₹95.03 crore), despite an 18% rise in revenue.
11. Firstsource Solutions: The company posted a robust Q3 with revenue increasing 16.2% to ₹244.31 billion.
12. NHPC: The board approved the cancellation of a Joint Venture MoU with the Green Energy Development Corporation of Odisha, originally intended for solar power projects.
13. Marico: The FMCG major entered into definitive agreements to make a strategic investment in Cosmix Wellness, acquiring a 60% stake.
14. Axiscades Technologies: The stock was in focus after winning orders from two US companies (including a homeland security firm), marking its first "Make in India" production deal with them.
15. Varroc Engineering: Gained attention after securing a strategic contract for AC bi-directional wall chargers from a global EV manufacturer.

Macroeconomic & Global Updates

16. Rupee Weakens: The Indian Rupee fell 11 paise to close at 90.43 against the US Dollar, weighed down by foreign fund outflows and a strong dollar overseas.
17. Oil Prices Drop: Brent Crude prices dipped nearly 2% to trade around $67.95 per barrel amid easing supply concerns and news of potential US-Iran talks.
18. Gold & Silver: Precious metals traded in the red today due to a stronger dollar, which typically dampens demand for safe-haven assets.
19. RBI Policy Watch: Investors remained cautious ahead of the upcoming Reserve Bank of India (RBI) Monetary Policy meeting, waiting for cues on interest rates.
20. US-India Trade Deal Sentiment: While the recently announced trade deal initially spurred a rally, the market has now entered a "wait-and-watch" consolidation phase to see the deal's long-term implementation details.

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