With record IPOs, strong capital raising in equity and debt, and robust SME participation, fund-raising activity remains resilient. Follow the link to know more: https://t.co/wO2fJZEyd8#NSE #NSEIndia #StockMarket #Nifty50 #Investor #Equity #NSEMarketPulse pic.twitter.com/kBUjfHaaxP
— NSE India (@NSEIndia) February 5, 2025
Indian shares edged lower on February 6, 2025, with the Nifty closing at 23,600 and the Sensex down 213.12 points or 0.27 percent at 78,058.16. This marks the second consecutive session of losses. Among sectors, Pharma, IT, and Private Bank indices were the only ones to end in the green.
Auto, FMCG, realty, and consumer durables fell between 1-2 percent. Metal, PSU Bank, energy, media, oil & gas sectors were down 0.4-0.8 percent. The Nifty Midcap index fell 1.2 percent, and the Smallcap index was down 0.3 percent.
#OnETNOW | Are FMCG stocks the ultimate safe bet in volatile markets? Rahul Sharma of JM Financial Services shares why strong demand, stable cash flows, and rural growth make this sector a top pick!
Watch the full interview here: https://t.co/S3OBsrpyLB@JMFSLtd @rahul2506… pic.twitter.com/PKegOKfHps
— ET NOW (@ETNOWlive) February 6, 2025
Top gainers included Cipla, Adani Ports, Infosys, Dr. Reddy’s Labs, and Tata Consumer. Losers were Trent, Bharat Electronics, Bharti Airtel, Titan Company, and NTPC.
State Of The Economy | Will RBI’s policy review kickstart the easing cycle? Upasana Chachra of Morgan Stanley explains how fiscal and monetary pivots, liquidity measures, and sectoral shifts could shape market trends!
Watch the full interview here: https://t.co/t4Z8VIzHyA… pic.twitter.com/Hv55fxNA1m
— ET NOW (@ETNOWlive) February 6, 2025
Nifty falls amid profit booking
Shrikant Chouhan, Head Equity Research at Kotak Securities, said, “Today, the benchmark indices witnessed intraday profit booking at higher levels. Technically, after a muted open, the market faced consistent selling pressure.
On the daily charts, a bearish candle formed near the 50-day SMA indicates further weakness, though the short-term market texture remains positive.”
Prashanth Tapse, Senior VP (Research) at Mehta Equities, noted, “Despite sharp gains in the first few minutes of opening, markets slipped into the red and remained negative throughout the session. Investors booked profits in rate-sensitive sectors like realty, banking, and auto shares ahead of tomorrow’s monetary policy announcement. A surprise rate cut could bring short-term optimism.”
The Indian rupee ended at a fresh record low of 87.57 per dollar, compared to the previous close of 87.46.
In earnings news, weak domestic demand and motorcycle sales are expected to keep Hero MotoCorp’s Q3 earnings growth muted. NMDC Steel reported a net loss of Rs 757.8 crore compared to a loss of Rs 568.4 crore YoY, while Surya Roshni’s net profit remained flat at Rs 90 crore YoY. Morgan Stanley maintains an ‘equal-weight’ rating on Tata Motors with a target of Rs 853, noting that Land Rover US retail sales grew 70 percent YoY in January 2025.
The firm also maintains an ‘overweight’ rating on Gujarat Gas with a target of Rs 614, as the company navigates through headwinds such as high export freight costs. As the market awaits the RBI’s monetary policy announcement, investors are advised to monitor key developments and exercise caution in the current volatile environment.