The Indian stock market ended with modest gains on Wednesday, February 4, tracking mixed global cues. Sensex rose 79 points, or 0.09%, to end at 83,817.69, while the Nifty 50 ended at 25,776, up 48 points, or 0.19%.
However, mid and small-caps outperformed. The BSE 150 MidCap Index 0.61%, while the BSE 250 SmallCap Index rose 0.54%.
The overall capitalisation of BSE-listed firms rose to nearly ₹469 lakh crore from ₹467 lakh crore in the previous session, making investors richer by nearly ₹2 lakh crore in a single session.
10 key highlights from the Indian stock market today
1. Why did the Sensex, Nifty end with modest gains?
The market saw stock-specific action as investors awaited more clarity on the India-US trade deal. Weakness in the global markets and selloff in the IT stocks capped the gains for benchmarks.
“Markets traded range-bound on Wednesday as investors assessed follow-through activity after Tuesday’s strong rally triggered by the India–US trade deal. Sentiment stayed cautious amid mixed global cues and some profit booking following the recent relief rally,” said Ajit Mishra, SVP- Research, Religare Broking Ltd.
“Weakness in global technology stocks weighed on domestic IT counters, leading to sectoral divergence. At the same time, optimism surrounding the India–US trade agreement and expectations of improved foreign participation continued to support cyclical stocks and select heavyweight names,” said Mishra
2. Top Nifty 50 gainers
As many as 38 stocks ended higher in the Nifty 50 index, among which Trent (up 5.18%), Eternal (up 4.90%), and ONGC (up 3.50%) ended as the top gainers.
3. Top losers in the Nifty 50 index
Infosys (down 7.37%), TCS (down 7%), and HCL Technologies (down 4.58%) ended as the top losers in the index.
4. Sectoral indices today
Nifty IT suffered a deep loss of 5.87%, mirroring a global trend for IT stocks after AI startup Anthropic launched new AI tools capable of automating tasks in legal, compliance, marketing, and data analysis.
On the other hand, Nifty Consumer Durables and Oil and Gas jumped over 2% each. Metal, Auto, and Realty indices rose more than 1% each.
Nifty Bank rose by 0.33% to end at 60,238, while Financial Services climbed 0.46%.
5. Most active counters in terms of volume
Tata Silver Exchange Traded Fund (57 crore shares), Vodafone Idea (50 crore shares), and GTL Infrastructure (48.7 crore shares) were the most active counters in terms of volume on the NSE.
6. Advance-decline ratio
The advance-decline ratio remained in favour of advancers as over 2,700 stocks advanced while nearly 1,500 declined on the BSE.
7. 24 stocks jump over 15% on BSE
GTL Infrastructure, Valor Estate, Gokaldas Exports, Faze Three, NGL Fine Chem, Eldeco Housing, Tijaria Polypipes, Tinna Rubber and Infrastructure, Suven Life Sciences, and Ducon Infratechnologies were among the 24 stocks that jumped more than 15% on the BSE.
8. Nearly 90 stocks hit 52-week highs
Adani Ports and Special Economic Zone, APL Apollo Tubes, Ashok Leyland, Bharat Forge, Jindal Steel, GE Vernova T&D India, and Oil India were among the 89 stocks that hit their 52-week highs.
9. 90 stocks hit 52-week lows
Genus Power Infrastructures, Happiest Minds Technologies, Jupiter Life Line Hospitals, KPIT Technologies, Newgen Software Technologies, Rainbow Children’s Medicare, TTK Prestige, and Websol Energy System were among the 90 stocks that hit their 52-week lows in intraday trade on the BSE.
10. Nifty’s technical outlook
According to Shrikant Chouhan, the head of equity research at Kotak Securities, on the higher side, 25,800 or the 50-day SMA (Simple Moving Average) would act as crucial resistance.
Chouhan said if the index trades above this level, it could move up to 25,900–26,000. Conversely, below 25,600, the index could slip to 25,500–25,350, said Chouhan.
Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
