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Markets continue to trade lower during late afternoon deals
Feb-05-2026

Markets continued to trade lower in late afternoon session as traders opted to cash in on recent gains. Besides, metal stock came under pressure, with BSE Metal declining 1.02%, amid fall in global metal prices and stronger US dollar. Further, investors sought more clues of India-US bilateral trade deal. Meanwhile, India and the Gulf Cooperation Council (GCC), a group of six Middle Eastern countries, are likely to sign terms of reference on February 05, 2026 to start talks on a free trade agreement (FTA). The terms of reference (ToR) outline the scope and modalities of a proposed trade pact. 

On the global front, Asian equity markets were trading mostly in red following the mixed cues from Wall Street overnight, reflecting the continued weakness in technology stocks amid valuation concerns. European equity markets were trading mostly in red as investors digested a slew of earnings updates and regional economic data.

The BSE Sensex is currently trading at 83297.77, down by 519.92 points or 0.62% after trading in a range of 83151.62 and 83784.17. There were 8 stocks advancing against 22 stocks declining on the index.

The lone gaining sectoral index on the BSE was Oil & Gas up by 0.05%, while Capital Goods down by 1.07%, Metal down by 1.02%, Industrials down by 0.88% and TECK down by 0.87%, Consumer Durables down by 0.86% were the losing indices on BSE.

The top gainers on the Sensex were Trent up by 2.76%, Tata Steel up by 0.97%, Adani Ports & SEZ up by 0.23%, SBI up by 0.22% and Bajaj Finance up by 0.19%. On the flip side, Eternal down by 3.08%, Bharat Electronics down by 1.73%, Bharti Airtel down by 1.72%, Kotak Mahindra Bank down by 1.50% and Interglobe Aviation down by 1.39% were the top losers.

Meanwhile, few days after the newly announced India-US trade deal, Union Agriculture and Farmers’ Welfare Minister Shivraj Singh Chouhan has described it as a new example of diplomacy, development, and dignity, further underlining that the interests of the farmers have been fully protected in the agreement, which slashes tariffs on Indian goods in the US to 18%.

The Minister further listed the benefits of the recently concluded deal such as full protection to major agricultural sectors, including major crops and dairy; boost to India's exports with a positive ripple effect on farmers. Chouhan further reiterated that India had not opened its markets in a way that would harm domestic producers.

Earlier, in a major breakthrough for India’s exports, US President Donald Trump, after a phone conversation with Prime Minister Narendra Modi, said that India and the US have agreed to a trade deal under which Washington will bring down reciprocal tariff on Indian goods to 18 per cent from current 25 per cent. Trump claimed India will move forward to reduce ‘tariffs and non-tariff barriers’ against the US to zero.

The CNX Nifty is currently trading at 25626.40, down by 149.60 points or 0.58% after trading in a range of 25579.50 and 25757.65. There were 20 stocks advancing against 30 stocks declining on the index.

The top gainers on Nifty were Trent up by 2.83%, Tata Steel up by 0.97%, Max Healthcare Inst up by 0.70%, JSW Steel up by 0.68% and ONGC up by 0.62%. On the flip side, Hindalco down by 2.97%, Eternal down by 2.94%, Bharat Electronics down by 1.72%, Bharti Airtel down by 1.72% and Kotak Mahindra Bank down by 1.46% were the top losers.

Asian equity markets were trading mostly in red; Nikkei 225 slipped 458.36 points or 0.85% to 53,835.00, Taiwan Weighted lost 488.54 points or 1.54% to 31,801.27, Hang Seng declined 8.32 points or 0.03% to 26,839.00, KOSPI dropped 207.53 points or 4.02% to 5,163.57, Shanghai Composite weakened 26.28 points or 0.64% to 4,075.92 and Jakarta Composite plunged 16.02 points or 0.2% to 8,130.70, while Straits Times rose 10.49 points or 0.21% to 4,975.99.

European equity markets were trading mostly in red; UK’s FTSE 100 decreased 52.57 points or 0.51% to 10,349.77 and Germany’s DAX lost 77.64 points or 0.32% to 24,525.40, while France’s CAC rose 1.64 points or 0.02% to 8,263.80.
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