The Indian stock market delivered another high-volatility session as investors digested a flood of Q3 earnings, Budget 2026 policy signals, a sharp IT sector sell-off triggered by global AI disruption, and supportive macro indicators pointing toward sustained growth in 2026.
While benchmark indices recovered smartly from intraday lows, leadership clearly shifted away from IT toward autos, energy, PSU stocks, consumer names, and capital goods. At the same time, selective midcaps witnessed sharp reactions—both positive and negative—based on earnings quality.
- Nifty 50 rebounded nearly 200 points from the day’s low, reflecting strong dip-buying interest
- IT stocks dragged sentiment, while broader markets remained resilient
- Auto, power, metals, PSU banks, real estate, and oil & gas stocks advanced 1–2%
- India VIX cooled, signalling improving risk appetite
Despite global uncertainty, the domestic structure continues to favour buy-on-dips strategies rather than panic selling.
- 🔻 Earnings Misses Pressure Stocks
- Tata Power
- Q3 net profit declined 25% YoY to ₹772 crore
- Revenue fell 9%, reflecting softer merchant power realization and transitional capex phase
- Stock underperformed despite long-term clean energy optimism
- Bharat Coking Coal & Kansai Nerolac Paints
- Shares dropped up to 7% post results
- Margin pressures and volume concerns weighed on sentiment
- Ikea India
- FY25 loss widened sharply to ₹1,325 crore
- Revenue declined 3.3%, highlighting challenges in scale and operating leverage
- Trent
- Q3 net profit surged 36% to ₹640 crore
- Revenue grew 16%, driven by Zudio and Westside traction
- Reinforced confidence in organized retail growth story
- Sheela Foam
- Stock rallied nearly 20%
- Strong volume growth and margin expansion surprised the Street
- TeamLease Services
- Q3 profit jumped 47%, aided by rising GCC (Global Capability Centre) hiring
- Stock gained ~3%, reflecting optimism around white-collar staffing demand
- Dr Agarwal’s Health Care
- Q3 profit at ₹44 crore
- Nine-month profit up 74% YoY, showcasing operational scalability
Marico
Metropolis Healthcare
Apollo Tyres
Cummins India
NHPC
Force Motors
Lloyds Engineering
CCL Products
These names are likely to witness post-result volatility as investors reprice growth visibility.
- 🔥 Gokaldas Exports Steals the Show
- Societe Generale acquired 0.7% stake
- Stock locked at 20% upper circuit
- Signals renewed FII interest in export-led textile plays
- 🏦 BNP Paribas Block Deals
- Picked up stakes in:
- Aditya Birla Capital
- Federal Bank
- Indian Bank
- NALCO
- Indicates selective global interest in Indian financials and PSU metals
- Post-festive sales recovery boosted demand outlook
- India–EU FTA triggered a surge in premium and supercar enquiries
- Lower tariffs improve export competitiveness for Indian auto ancillaries
- Stocks like Hero MotoCorp, Apollo Tyres, Force Motors remain in spotlight
- 📈 Services PMI Signals Momentum
- January Services PMI rebounded sharply to 58.5
- Points to strong consumption and business activity entering CY2026
- 💼 Budget 2026: Realism Over Populism
- Strong focus on:
- Sustained capex
- Fiscal discipline
- Credibility and execution
- FY27 gross borrowing pegged at ₹17.2 lakh crore
- Seen as equity-positive, with minimal tax shock risk
- 📉 Consumption Reality Check
- RBI survey indicates festival spending may remain subdued
- Signals cautious optimism rather than exuberance
- Global tech stocks cracked after Anthropic’s AI tool announcement
- Nifty IT index plunged nearly 6%
- Heavyweights like Infosys, TCS, HCL Tech, Wipro, Tech Mahindra under pressure
- Reality Check from Industry
- Cognizant CEO clarified AI will not magically replace IT services
- Panic selling seen as overdone, but near-term caution remains
- 📊 Nifty & Bank Nifty View
- Trend remains positive above Bollinger midline
- Nifty eyeing 26,000 in coming weeks
- Bank Nifty defended key trendline support
- 📌 Trading Setup (Feb 5)
- Momentum indicators flash buy signals
- Falling VIX supports gradual upside
- Strategy: Buy on dips, avoid chasing IT
✅ Accumulate
BPCL – Target ₹406 (Prabhudas Lilladher)
🟢 Buy Calls
Syrma SGS Technology
Nippon Life AMC
Kajaria Ceramics
Greenpanel Industries
NMDC
GAIL
Glenmark Pharma
SAIL
Mahanagar Gas
⚖️ Neutral Stance
Power Grid
LIC Housing Finance
PB Fintech
CDSL
Mahindra Lifespaces
- Gold rebounded across major Indian cities after sharp sell-off
- Silver crossed $90/oz, reflecting global uncertainty
- Rupee opened weaker near 90.43/$, importer demand persists
- RBI policy meeting remains key trigger
- FIIs net buyers worth ₹30 crore
- DIIs net buyers worth ₹250 crore
- Indicates domestic money cushioning global volatility
- Government opens FAST-DS 2026 disclosure window for foreign assets
- CBDT assures faster APAs for IT/ITES firms
- CCI orders probe into IndiGo over alleged seat shortages
- President’s Rule revoked in Manipur, political stability restored
- India-US trade deal strengthens defence and manufacturing ties
- Kremlin reaffirms India’s freedom to source oil globally
- China growth slowdown continues to reshape global capital flows
- US-EU trade thaw seen as long-term positive for emerging markets
- Proposal for India’s AI Economic Council
- Digital savings accounts surge via video KYC
- Startups face extended funding winter despite available dry powder
- Large-cap bias recommended for 2026 portfolios
Despite headline noise—from IT disruption to global macro shifts—the structural India growth story remains intact. Budget realism, capex continuity, improving PMI data, and selective earnings strength are quietly laying the groundwork for new market highs in 2026.
For investors, the message is clear:
- Stay selective
- Avoid panic
- Focus on quality balance sheets and earnings visibility
Indian markets are consolidating for strength, not breaking down.
Stock-specific action will dominate, and disciplined investors are likely to be rewarded.
Published by Barawakar |Indian Stock Market Today – 05 Feb 2026
Stay informed. Stay ahead.
Source
https://www.ptinews.com/business