Notification close image
No new Notification messages
card image
Seshaasai Technologies Ltd IPO
Apply for the Seshaasai Technologies Ltd IPO through UPI in Just minutes
delete image
card image
Start your SIP with just ₹100
Choose from 4,000+ Mutual Funds on Bajaj Broking
delete image
card image
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
delete image
card image
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
delete image
card image
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.
delete image

Stock Market Live Updates | Gift Nifty Signals Flat Opening, Nifty Range Seen

Synopsis:


Today’s share market’s key developments include: IRFC signed a tripartite MoU for port and multimodal financing, NBCC won ₹271.32 crore in orders, IT stocks stayed in focus amid SaaS sell-off fears, while FIIs and DIIs remained net buyers, adding liquidity support to domestic equities today overall.


Source:
Bajaj Broking Research Desk. 

GIFT NIFTY: Gift Nifty suggests a flat opening for the Indian market. Nifty spot in today's session is likely to trade in the range of 25,500-26,000.

INDIA VIX: 12.90 | -0.97 (7.00%) ↓ today

In-Depth Market Insights: Global Outlook, Derivatives & More

Other Asset Classes

  1. Treasury Yield:

    • The US 10-year Treasury yield was down more than 1 basis point at 4.265%.

  2. Currency:

    • The Indian rupee appreciated sharply and is placed at 90.45 per dollar.

  3. Commodities:

    • Gold prices rose in early Asian trade on Wednesday, coming back in sight of key levels as signs of renewed tensions between the U.S. and Iran drummed up safe haven demand. Spot gold rose 0.9% to $4,995.60 an ounce by 19:18 ET (00:18 GMT), while gold futures for April rose 1.7% to $5,017.19/oz. 

    • Brent futures rose $1.03, or 1.55%, to close at $67.33 per barrel.

    • The dollar index, which measures the greenback against a basket of currencies, was 0.12% lower at 97.42.

Asian Markets

  1. General Trends:

    • Asia-Pacific markets mostly fell on Wednesday, tracking Wall Street losses after a sell-off in U.S. technology stocks weighed on sentiment.

  2. Sector-Specific Indicators:

    • Japan’s Nikkei 225 lost 1.2%, while the Topix declined 0.39%. Australia’s S&P/ASX 200 declined 0.22%. South Korea’s Kospi advanced 0.4%, while the small-cap Kosdaq added 1.01%.

India Market Outlook

  1. Market in the Previous Session:

    • On February 3rd, domestic benchmarks logged a sharp relief rally, with the BSE Sensex jumping 2.54% to 83,739.13 and the NSE Nifty 50 advancing 2.55% to 25,727.55, after the long-pending India–US trade pact cleared a key macro-overhang and triggered broad-based risk-on sentiment.

    • The US will cut reciprocal tariffs on Indian goods to 18%, while India will lower trade barriers and increase imports from the US, with PM Modi calling the deal a boost for “Made in India” exports and long-term strategic ties.

    • Adani Group stocks attracted buying on hopes of gains from stronger energy trade ties and infrastructure opportunities linked to deeper bilateral relations.

    • Midcap and small-cap indices outperformed, with both gaining nearly 3%, reflecting strong broad-based participation.

    • Most sectoral indices ended higher, with realty leading the gains at nearly 4.8%, followed by infrastructure, energy, pharma and banking, while FMCG rose modestly and IT lagged other sectors.

TRADE SETUP FOR FEB 04

  1. Nifty Short-Term Outlook:

    • The index formed a bear candle (as close was below the open) with a sizable bullish gap ( 25108-25641) below its base signaling profit booking at higher levels after a strong opening on the weekly expiry trade.

    • Index has immediate support at 25450 levels being the confluence of the last week high and 20 days EMA. Nifty holding above the support area will keep the bias positive and will open upside towards 26,000 and 26350 levels in the coming sessions.

    • Volatility is likely to remain elevated amid uncertain global cues and the upcoming RBI monetary policy announcement.

    • Key short-term support is placed in the 25,100–24,800 zone being the confluence of the 52-week EMA and the bullish gap area of Tuesday.

  2. Intraday Levels:

    • Nifty: Intraday resistance is at 25,860, followed by the 26,000 levels. Conversely, downside support is located at 25,620, followed by 25,500.

    • Bank Nifty: Intraday resistance is positioned at 60,380, followed by 60,600, while downside support is found at 59,750, followed by 59,500.

Derivative Market Analysis

  1. Nifty:

    • Major Call OI at 27,000 and active writing near 26,000 indicate immediate resistance zones.

    • Nifty synthetic futures around 25,758 suggest a breakout above 25,800 can trigger upside towards 26,000.

    • Fresh Call and Put OI addition at 25,800 marks it as the key deciding level.

    • Strong Put writing between 25,000–25,800 and ITM Put writing at 26,000 provide multiple supports and strong positive conviction.

    • Overall bias remains positive; any dip may be considered a buying opportunity.

  2. Bank Nifty:

    • Heavy Put writing at 60,000 confirms strong support for Bank Nifty.

    • Call unwinding at 60,000 ,61,000 & 62,000 reflects improving bullish sentiment.

    • Mild Call writing at 60,100–60,300 forms an immediate resistance zone.

    • A sustained move above 60,300 can lead to upside towards 61,000.

    • Bias remains positive above 60,000; a break below may lead to consolidation between 59,000–60,000.

US Share Market News

  1. Performance Overview:

    • The S&P 500 pulled back as investors dumped technology stocks and moved into shares more broadly linked to improvements in the economy.

  2. Sector-specific indicator: 

    • The Dow Jones Industrial Average dipped 166.67 points, or 0.34%, to end at 49,240.99. The Nasdaq Composite shed 1.43%, settling at 23,255.19.

    • Most tech shares were in the red, including most of the “Magnificent Seven” names that have reported earnings so far — Microsoft and Meta Platforms were both down more than 2%, while Apple was marginally lower. Nvidia also slumped, with the artificial intelligence bellwether’s nearly 3% drop adding to its losses for the year.

  3. Economic indicator: 

    • A busy earnings week is underway, with Alphabet slated to report results on Wednesday and Amazon due Thursday.

Stay on top of the latest market news with Bajaj Broking’s insights. Our point-to-point analysis digs deep into the surface, empowering you with a unique perspective on domestic and global stock market events. Get all the current share market news, including US share market updates and the trade set up for today, in one place to make informed investment decisions.

Published Date : 04 Feb 2026

Disclaimer :

The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.

The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.

Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.

BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.

Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

[ Read More ]

For more disclaimer, check here : https://www.bajajbroking.in/disclaimer

Read More Blogs

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

11 lakh+ Users

icon-with-text

4.8 App Rating

icon-with-text

4 Languages

icon-with-text

₹7,900+ Cr MTF Book

icon-with-text