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Key gauges end higher on fag-end buying
Feb-06-2026

Indian equity benchmarks pared early losses to end the day higher on Friday, helped by a jump in FMCG shares, but IT sector bled, limited the gains. Traders took a note of report that the Reserve Bank of India’s Monetary Policy Committee (MPC) has kept the benchmark repo rate unchanged at 5.25 per cent and maintained policy stance at 'neutral', citing a resilient economy amid evolving macroeconomic conditions.   

Some of the important factors in trade:

India-US trade deal enters final phase: Expressing optimism over early conclusion of India-US trade agreement, External Affairs Minister S Jaishankar has said that this historic trade agreement is in the final stages of detailing and is likely to be completed very soon.

Proposed Rs 17.2 lakh crore market borrowings to be managed non-disruptively: Economic Affairs Secretary Anuradha Thakur has said the record gross market borrowing target of Rs 17.2 lakh crore for FY27, announced by the government in budget, will be carried out in a non-disruptive manner.  

India’s imports from China dip in 2024-25: Minister of State for Commerce and Industry Jitin Prasada said India's imports from China have declined in multiple sectors such as fertilisers, chemicals, iron and steel and man-made yarn in 2024-25. 

Rupee falls against US Dollar: Indian rupee declined sharply against the US dollar, weighed down by geopolitical uncertainty over the US-Iran talks, and a sharp rise in global crude oil prices.

Global front: European markets were trading higher as the central bank left interest rates unchanged for a fifth policy session in a row as expected. Asian markets ended mostly lower as sentiment was pressured by the sell offs in Wall Street triggered by mounting worries about the impact of AI on software companies. 

Finally, the BSE Sensex rose 266.47 points or 0.32% to 83,580.40 and the CNX Nifty was up by 50.90 points or 0.20% to 25,693.70.    

The BSE Sensex touched high and low of 83,612.12 and 82,925.35 respectively. There were 13 stocks advancing against 17 stocks declining on the index.        

The top gaining sectoral indices on the BSE were FMCG up by 2.05%, Telecom up by 0.91%, Power up by 0.64%, Realty up by 0.63% and Energy up by 0.45%, while IT down by 1.41%, Healthcare down by 0.50%, Auto down by 0.26%, TECK down by 0.24% and PSU down by 0.23% were the top losing indices on BSE.

The top gainers on the Sensex were ITC up by 5.09%, Kotak Mahindra Bank up by 3.35%, Hindustan Unilever up by 2.63%, Bharti Airtel up by 2.32% and Bajaj Finance up by 1.76%. On the flip side, Tech Mahindra down by 1.69%, TCS down by 1.69%, Adani Ports &SEZ down by 1.32%, Asian Paints down by 1.21% and Eternal down by 1.20% were the top losers.

Meanwhile, expressing optimism over early conclusion of India-US trade agreement, External Affairs Minister S Jaishankar has said that this historic trade agreement is in the final stages of detailing and is likely to be completed very soon. He noted that the trade deal will open up a ‘new phase’ in the relations. His comments came after holding wide-ranging talks with US Secretary of State Marco Rubio. Both the officials held talks over the proposed agreement three days after US President Donald Trump announced reduction of US tariffs on Indian goods to 18 per cent.

Except a confirmation on bringing down the US tariffs, including the removal of a 25 per cent levies imposed on India by Washington over Russian energy purchases, no concrete details of the trade deal have come out so far. Jaishankar described his visit to the US as ‘productive’ and ‘positive’. He noted that both the countries cooperation over critical mineral is also advancing rapidly. Expect engagement on strategic issues, defence and energy in the coming days. Overall, a strong momentum is evident.

India-US ties have been reeling under severe stress after Trump doubled tariffs on Indian goods to a whopping 50 per cent including a 25 per cent additional duties for India’s purchase of Russian crude oil. The Commerce Ministry’s recent data showed that India's merchandise exports to the US declined 1.83 per cent to $6.88 billion in December 2025 due to high tariffs. Exports to the US stood at $7.01 billion in December 2024.

CNX Nifty touched high and low of 25,703.95 and 25,491.90 respectively. There were 19 stocks advancing against 31 stocks declining on the index.    

The top gainers on Nifty were ITC up by 5.21%, Kotak Mahindra Bank up by 3.33%, Hindustan Unilever up by 2.83%, Bajaj Finance up by 1.79% and Bharti Airtel up by 1.54%. On the flip side, HDFC Life Insurance down by 2.40%, Tech Mahindra down by 1.83%, TCS down by 1.71%, SBI Life Insurance Company down by 1.54% and Tata Motors Passenger Vehicles down by 1.40% were the top losers. 

European markets were trading higher; UK’s FTSE 100 increased 8.68 points or 0.08% to 10,317.90, France’s CAC rose 0.03 points or 0% to 8,238.20 and Germany’s DAX gained 158.64 points or 0.65% to 24,649.70.

Asian markets ended mostly lower on Friday driven by the sell-offs in Wall Street overnight due to worries about the impact of AI on software companies. Moreover, heightened volatility observed in metals and cryptocurrency markets coupled with several discouraging reports on the US job market also dampened risk appetite in Asian markets. The Labor Department reported that US Applications for jobless aid for the week ending January 31 rose by 22,000 to 231,000 from the previous week. Indonesian shares tumbled after Moody’s downgraded the outlook on the country’s credit rating, citing reduced predictability in policymaking. Although, Japan’s Nikkei jumped as investors focused on national election due on Sunday with optimism. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

4,065.58

-10.33

-0.25

Hang Seng

26,559.95

-325.29

-1.21

Jakarta Composite

7,935.26

-168.62

-2.08

KLSE Composite

1,732.83

1.81

0.10

Nikkei 225

54,253.68

435.64

0.81

Straits Times

4,934.41

-41.46

-0.83

KOSPI Composite

5,089.14

-74.43

-1.44

Taiwan Weighted

31,782.92

-18.35

-0.06
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