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Key gauges end lower ahead of RBI rate decision
Feb-05-2026

Snapping three-day gaining streak, Indian equity benchmarks ended lower on Thursday due to losses in Capital Goods, Metal and Industrials stocks. Traders remained cautious ahead of the Reserve Bank of India’s monetary policy decision due on Friday. Global cues added further pressure, with concerns over a broad-based tech sell-off in international markets and heightened US-Iran tensions leading to risk-off sentiment. 

Some of the important factors in trade: 

Faster growth, higher share in global trade key to India’s global standing: In order to gain respect on the world stage, Former NITI Aayog vice-chairman Rajiv Kumar has said that India needs to grow faster and increase its share in global trade.

India-US trade deal ensures farmer protection: 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. 

GeM procurement surpasses last year’s mark to over Rs 4 lakh crore so far in FY26: The 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.

Rupee rises against US Dollar: Indian rupee appreciated against the US dollar, on trade deal optimism and overnight decline in commodity prices, even as the upside remained capped as investors look for more clarity on the India-US trade deal.

Global front: European markets were trading mostly in green with investors awaiting the monetary policy announcements from the European Central Bank and the Bank of England. Asian markets closed mostly lower as traders remained cautions as they focus on the Russia-Ukraine peace talks that began in the U.A.E. and the upcoming U.S.-Iran talks in Oman

Finally, the BSE Sensex fell 503.76 points or 0.60% to 83,313.93 and the CNX Nifty was down by 133.20 points or 0.52% to 25,642.80.    

The BSE Sensex touched high and low of 83,784.17 and 83,151.62 respectively. There were 4 stocks advancing against 26 stocks declining on the index.        

The lone gaining sectoral index on the BSE was Oil & Gas up by 0.06%, while Capital Goods down by 1.07%, Metal down by 1.05%, Industrials down by 0.92%, TECK down by 0.91% and Consumer Durables down by 0.88% were the top losing indices on BSE.

The top gainers on the Sensex were Trent up by 2.95%, Tata Steel up by 1.23%, SBI up by 0.50% and Bajaj Finance up by 0.11%. On the flip side, Eternal down by 2.50%, Bharti Airtel down by 1.65%, Bharat Electronics down by 1.42%, ITC down by 1.15% and Infosys down by 1.05% were the top losers.

Meanwhile, in order to gain respect on the world stage, Former NITI Aayog vice-chairman Rajiv Kumar has said 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.

He pointed to China, the world's second largest economy, as an example of how economic growth brings global influence. He said currently, China is leading in 47 out of 53 frontier technologies. That is what gives China the ability to stand up to the US. He highlighted that countries which are weak economically are not taken seriously on the global stage.

Calling global share impact factor, he said that in global merchandise, India’s share has remained below 2% for the last three decades, a figure he described as inadequate for meaningful global influence. He noted that this is one of India's biggest economic challenges. He mentioned that if the country can make it to 10%, then it will have a role on the global stage. 

In the services sector, India's global share stands at around 4%. He stressed that ambitions for global leadership must be backed by a much stronger economic base. About India-US relations amid global policy transitions under the Donald Trump administration, he advised patience and firmness in safeguarding national interests.

CNX Nifty touched high and low of 25,757.65 and 25,579.50 respectively. There were 18 stocks advancing against 32 stocks declining on the index.    

The top gainers on Nifty were Trent up by 2.98%, Max Healthcare up by 1.22%, Tata Steel up by 1.13%, JSW Steel up by 1.04% and Grasim Industries up by 0.92%. On the flip side, Hindalco down by 3.00%, Eternal down by 2.41%, Bharti Airtel down by 1.66%, Bharat Electronics down by 1.53% and ITC down by 1.19% were the top losers.    

European markets were trading mostly in green; France’s CAC rose 22.64 points or 0.27% to 8,284.80 ND Germany’s DAX gained 12.26 points or 0.05% to 24,615.30, while UK’s FTSE 100 decreased 25.19 points or 0.24% to 10,377.15.

Asian markets closed mostly lower on Thursday tracking Wall Street’s mixed performance overnight. Kospi dropped from all-time record highs as South Korea's semiconductor heavyweights like Samsung and SK Hynix declined following tech jitters on Wall Street. Chinese shares fell following selloffs in precious metals and technology sectors, and ahead of an extended nine-day Spring Festival break from February 15 to February 23. Japanese shares declined as investors turned cautious ahead of the general election scheduled for Sunday, February 8.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

4,075.92

-26.29

-0.64

Hang Seng

26,885.24

37.92

0.14

Jakarta Composite

8,103.88

-42.84

-0.53

KLSE Composite

1,731.02

-11.80

-0.68

Nikkei 225

53,818.04

-475.32

-0.88

Straits Times

4,975.87

10.37

0.21

KOSPI Composite

5,163.57

-207.53

-3.86

Taiwan Weighted

31,801.27

-488.54

-1.51
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