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) had been among the many high 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, intently adopted by Titan, which closed 3% decrease after the buyer discretionary main reported a marginal dip in its third quarter consolidated internet revenue.
Client shares took the most important hit, with the Nifty FMCG index falling 1.6% and the Nifty Client Durables index dropping 1%, wiping out the positive aspects seen on February 1 in the course of 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 an announcement from a senior authorities official confirming that the federal government will assist MTNL and BSNL in monetizing their belongings.
International Markets
International shares noticed a decline on Wednesday, as disappointing earnings from Google mum or dad Alphabet weighed on Wall Avenue futures.
Whereas market volatility has been excessive in latest days, pushed by U.S. President Donald Trump’s bulletins on tariffs in opposition to 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 persevered, significantly 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. Cling 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 anticipated to ship a 25 basis-point charge lower on Friday, supporting a development revival following the announcement of non-public tax cuts.
Forex Watch
The Indian rupee fell to a file 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 foreign money dropped to 87.4875 in opposition to 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 in opposition to 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 development. These worries outweighed U.S. President Trump’s renewed efforts to get rid of Iranian crude exports.
Brent crude futures had been down 66 cents, or 0.87%, at $75.54 a barrel by 1007 GMT.
FII/DII Tracker
International institutional buyers (FIIs) had been internet patrons on February 4, buying equities price Rs 809.23 crore, whereas home institutional buyers (DIIs) turned internet sellers, offloading equities price Rs 430.70 crore.
