The benchmark BSE Sensex misplaced 312.53 factors or 0.40% to shut at 78,271.28, whereas the broader Nifty 50 index closed at 23,696.30, decrease by 42.95 factors or 0.18%.
The market capitalization of all listed firms on the BSE elevated by Rs 95,290 crore to Rs 427.19 lakh crore.
Sector Watch
From the Sensex pack, Asian Paints, Titan, Nestle India, Hindustan Unilever (HUL) have been among the many prime losers, with Asian Paints shares closing 3.4% decrease after the paint maker missed third quarter revenue estimates, reporting a 23% YoY decline in its revenue.Asian Paints was additionally the highest loser on the Nifty 50 index, carefully adopted by Titan, which closed 3% decrease after the patron discretionary main reported a marginal dip in its third quarter consolidated web revenue.Shopper shares took the most important hit, with the Nifty FMCG index falling 1.6% and the Nifty Shopper Durables index dropping 1%, wiping out the features seen on February 1 through the post-Finances rally in shopper shares.Power and state-owned firms superior, with the Nifty Power index rising by 1.4% and the Nifty Oil and Fuel index climbing 1.5%. ONGC led the rally, surging 3% after its manufacturing outlook for fiscal years 2025-28 was revised upward, prompting Macquarie to improve the inventory to “outperform” from “impartial.” In the meantime, oil advertising and marketing giants BPCL and HPCL noticed their shares improve by 2% and three%, respectively, following Goldman Sachs’ improve to “purchase” from “impartial,” citing favorable earnings outlook for each firms.
Amongst particular person shares, state-owned telecom agency MTNL surged 18% following a press release from a senior authorities official confirming that the federal government will help MTNL and BSNL in monetizing their property.
International Markets
International shares noticed a decline on Wednesday, as disappointing earnings from Google dad or mum Alphabet weighed on Wall Road futures.
Whereas market volatility has been excessive in current days, pushed by U.S. President Donald Trump’s bulletins on tariffs towards Canada and Mexico adopted by a fast reversal and delay, some stability returned on Wednesday. Regardless of the tariff delays assuaging some concern over the Federal Reserve’s potential rate of interest cuts, warning continued, notably with the continued commerce tensions between the U.S., China, and Europe.
Asian markets additionally struggled on Wednesday, with Shanghai and Hong Kong among the many largest losers. Hold Seng misplaced 1.1%, whereas Shanghai Composite index was down 0.7%. In the meantime, Japan’s Nikkei 225 rose 0.1%.
Elsewhere within the home market, the Reserve Financial institution of India is predicted to ship a 25 basis-point charge lower on Friday, supporting a progress revival following the announcement of private tax cuts.
Foreign money Watch
The Indian rupee fell to a document low on Wednesday, as a pointy afternoon decline triggered cease losses amidst a prevailing bearish sentiment and expectations of a possible charge lower later within the week. The forex dropped to 87.4875 towards the U.S. greenback earlier than settling at 87.4650, marking a 0.4% lower on the day.
In the meantime, the greenback index, which gauges the dollar’s power towards a basket of six currencies, was buying and selling 0.35% decrease at 107.58.
Crude Impression
Oil costs edged decrease on Wednesday, as rising U.S. stockpiles and issues over a possible new Sino-U.S. commerce conflict heightened fears of slower financial progress. These worries outweighed U.S. President Trump’s renewed efforts to eradicate Iranian crude exports.
Brent crude futures have been down 66 cents, or 0.87%, at $75.54 a barrel by 1007 GMT.
FII/DII Tracker
Overseas institutional traders (FIIs) have been web consumers on February 4, buying equities value Rs 809.23 crore, whereas home institutional traders (DIIs) turned web sellers, offloading equities value Rs 430.70 crore.
