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Bourses add losses in early afternoon session
Feb-05-2026

Indian markets added losses in early afternoon session following weak cues from other Asian markets. There were no gaining sectoral indices on the BSE. Investors avoided to take risk ahead of RBI interest rate decision due on Friday. Traders took note of report that former NITI Aayog vice-chairman Rajiv Kumar has stated that India needs to grow faster and increase its share in global trade. He noted that a robust economy forms the foundation of a strong foreign policy, and economic strength decides a country's position in global politics. Sector wise, coal sector remained in limelight as Coal and Mines Minister G Kishan Reddy has said that India’s coal imports for blending in power sector dropped to 54.16 per cent to 5.5 MT in the first nine months (April-December) of the FY26 as compared to 12 MT during the same period last year.

On the global front, all Asian markets were trading lower following the mixed cues from Wall Street overnight, with the continued weakness in technology stocks which mirrored their peers on the tech-heavy Nasdaq amid valuation concerns. 

The BSE Sensex is currently trading at 83305.73, down by 511.96 points or 0.61% after trading in a range of 83286.78 and 83784.17. There were 5 stocks advancing against 25 stocks declining on the index.

The top losing sectoral indices on the BSE were Metal down by 1.57%, Consumer Durables down by 1.35%, Realty down by 1.24%, Capital Goods down by 1.22% and Basic Materials was down by 1.09%, while there were no gaining sectoral indices on the BSE.

The top gainers on the Sensex were Trent up by 1.65%, SBI up by 0.67%, NTPC up by 0.27%, Tata Steel up by 0.23% and Hindustan Unilever up by 0.20%. On the flip side, Eternal down by 2.53%, Bharat Electronics down by 1.96%, Interglobe Aviation down by 1.94%, Titan Company down by 1.66% and Kotak Mahindra Bank down by 1.35% were the top losers.

Meanwhile, Government e-Marketplace (GeM) CEO Mihir Kumar has said that the procurement of goods and services from the GeM has crossed Rs 4 lakh crore so far this fiscal with over 50 lakh buying and selling orders by various ministries and departments. He highlighted that 45% of public procurement orders are placed to MSMEs, which is higher than the mandatory requirement of 25%.

The GeM portal was launched on August 9, 2016, for online purchases of goods and services by all the central government ministries and departments. Further, a government procurement worth Rs 17.33 lakh crore has happened through the portal since its launch. GeM has over 1.5 lakh government buyers and over 62 lakh sellers and service providers offering a wide range of products and services. In FY25, 72 lakh orders valued at Rs 5.43 lakh crore were placed on the portal.

The government departments, ministries, public sector units, state governments, and central armed police forces are allowed to carry out transactions through this portal. The portal provides a wide range of products from office stationery to vehicles. Automobiles, computers and office furniture are some of the major product categories. It also offers services, including transportation, hiring of helicopter services, logistics, waste management and webcasting.

The CNX Nifty is currently trading at 25616.40, down by 159.60 points or 0.62% after trading in a range of 25611.10 and 25757.65. There were 12 stocks advancing against 38 stocks declining on the index.

The top gainers on Nifty were Trent up by 1.59%, SBI up by 0.58%, Dr. Reddy's Lab up by 0.50%, JIO Financial up by 0.35% and ONGC up by 0.34%. On the flip side, Hindalco down by 3.11%, Eternal down by 2.50%, Tata Motors Passenger down by 2.14%, Bharat Electronics down by 2.00% and Interglobe Aviation down by 1.90% were the top losers.

All Asian markets were trading lower; Taiwan Weighted lost 488.54 points or 1.54% to 31,801.27, Nikkei 225 slipped 458.36 points or 0.85% to 53,835.00, KOSPI dropped 207.53 points or 4.02% to 5,163.57, Hang Seng declined 40.32 points or 0.15% to 26,807.00, Shanghai Composite weakened 26.28 points or 0.64% to 4,075.92, Straits Times fell 4.04 points or 0.08% to 4,961.46 and Jakarta Composite was down by 2.49 points or 0.03% to 8,144.23.
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