📈 Market Snapshot

Here are the key stock market news highlights from India for today, Wednesday, February 4, 2026.

1. Indices End Flat amid Volatility: The benchmark indices snapped their two-day rally to end flat. The BSE Sensex rose marginally by 78.56 points (0.09%) to close at 83,817.69, while the Nifty 50 gained 48.45 points (0.19%) to settle at 25,776.00.
2. IT Sector Crash: The biggest drag on the market was the IT sector, which witnessed a massive sell-off. The Nifty IT index plunged nearly 6% following a crash in US tech stocks, driven by fears that new AI tools (specifically from Anthropic) could disrupt traditional software business models.
3. India-US Trade Deal Optimism: Despite the IT drag, broader sentiment remained supported by the newly announced India-US trade framework, which slashes tariffs on Indian goods entering the US to 18% (down from 50%).
4. Broader Market Outperformance: Mid-cap and Small-cap indices outperformed the benchmarks. The Nifty Midcap 100 rose 0.63%, while the Smallcap index gained over 1.2%, indicating strong buying interest in the broader economy.
5. FII Inflows: Foreign Institutional Investors (FIIs) remained net buyers in the previous session (buying over ₹5,200 crore), signaling renewed confidence in Indian equities post the trade deal.

Top Gainers & Losers

6. Top Nifty Losers (IT Bloodbath): Major IT giants led the losses. Infosys, TCS, HCL Tech, and Tech Mahindra all fell between 4% to 7% in a single session.
7. Top Nifty Gainers: The rally was kept alive by Trent, Eternal, NTPC, Power Grid, and Adani Ports, which rose between 2% and 5%.
8. Banking Sector Mixed: While public sector banks saw some buying, private lenders like Axis Bank and Kotak Mahindra Bank ended in the red.

Corporate News & Earnings

9. Varroc Engineering Surges: Shares of Varroc Engineering jumped 6% after winning a strategic 6-year contract to supply bi-directional EV chargers to a global OEM.
10. Aditya Birla Capital Profits: The stock remained in focus after reporting a strong 41% jump in net profit to ₹983 crore, driven by improved margins.
11. Firstsource Solutions Dip: The company’s stock faced pressure after reporting a 25% YoY drop in net profit for Q3, despite a 16% rise in revenue.
12. Signature Global Loss: Realty firm Signature Global reported a consolidated net loss of ₹45 crore for Q3, weighing on its stock price.
13. Emami Dividends: Emami shares saw buying interest after declaring an interim dividend of ₹6 per share alongside steady Q3 earnings.
14. Bharti Airtel Preview: The stock remained steady ahead of its results, with brokerages predicting an 18% revenue rise driven by strong ARPU growth.
15. Ather Energy Momentum: Newly listed Ather Energy continued its bullish run, rallying on "Buy" calls from analysts citing strong momentum.

Regulatory & Macro Updates

16. SEBI’s 'Fit and Proper' Overhaul: SEBI proposed a major overhaul of its "fit and proper" person framework today to reduce regulatory uncertainty and remove the default 5-year ineligibility period for intermediaries.
17. Corporate Bond Push: SEBI Chairman Tuhin Kanta Pandey announced intensified focus on deepening the corporate bond market to aid capital formation.
18. Rupee Weakens: The Indian Rupee fell 22 paise to close at 90.54 against the US Dollar, partially eroding gains from the previous session.
19. Commodities Rally: Gold and Silver prices surged on the MCX, with Silver trading 11% higher and Gold up 3%, tracking global cues.
20. RBI Policy Expectations: Market experts are now looking toward the RBI MPC meeting (scheduled for Feb 6), with a consensus that rates will likely remain unchanged despite the new trade deal dynamics.