Stock Market Live Updates | Gift Nifty Signals Weak Start; Nifty Range Seen Up
By Bajaj Broking Team
February 06, 2026
8 mins read
Market News
Synopsis:
Today’s share market’s key developments include: UltraTech Cement expanded capacity to 196.76 mtpa globally, Unicommerce partnered SuperYou for unified commerce operations, Federal Bank received RBI approval for a 9.99% Blackstone-linked stake, while provisional data showed FIIs net sellers and DIIs net buyers in equities yesterday session.
2:40 PM IST
Stock Market LIVE Update | Sensex rises over 100 points | Nifty trades above the 25,600 mark
Indian equity benchmarks traded higher, with the Sensex rising over 100 points and the Nifty holding above 25,600. Cigarette stocks surged after reports of a price hike, led by strong gains in ITC and Godfrey Phillips India, while VST Industries also advanced. On the downside, stocks such as UNO Minda, Aavas Financiers, BEML, Rajesh Exports and Avanti Feeds declined. Among gainers, Godfrey Phillips, MRF, Data Patterns, GACM Technologies (DVR) and Mahanagar Gas showed notable strength during the session.
1:40 PM IST
Stock Market LIVE Update | Sensex Drops 100+ Pts | Nifty Under 25,600
Indian equities slipped as the Sensex dropped over 100 points and the Nifty slipped below 25,600. Mahindra & Mahindra announced plans for its largest auto and tractor plant in Maharashtra, while MRF declared an interim dividend of ₹3 with February 13 as record date. In Japan, the Nikkei rose 0.8%, extending weekly gains amid earnings-led trade despite election caution. Jubilant Pharmova reported Q3 profit of ₹55.9 crore on revenue of ₹2,123 crore during volatile global markets today amid mixed cues.
12:30 PM IST
Stock Market LIVE Update | 12:30 PM IST | 06 Feb 2025 | Sensex Drops Over 200 Points | Nifty Slips Below 25,600
Indian equity benchmarks declined, with the Sensex dropping over 200 points and the Nifty slipping below 25,600. Bank of Baroda received RBI approval to set up a subsidiary for SPD business, alongside plans to infuse ₹2,000 crore. Reliance Industries resumed Venezuelan crude imports, taking a VLCC cargo of about two million barrels. In commodities, gold and silver rose amid sharp volatility as CME increased margin requirements again to manage heightened risk.
11:40 AM IST
Stock Market LIVE Update | Sensex gains 50 points | Nifty holds above 25,600
Indian equities trimmed early losses as the Sensex bounced off the day’s low to trade about 50 points higher, while the Nifty stayed above 25,600. ITC led gains on strong buying, while Vodafone Idea, YES Bank, IOC and Hindustan Copper remained under pressure. Volumes were active across midcaps. Among notable laggards, Avanti Feeds, ABFRL, Rajesh Exports, Aavas Financiers and Quess Corp declined sharply, reflecting selective selling amid intraday volatility. Market breadth stayed mixed with banking and metal stocks seeing profit-taking.
11:00 AM IST
Stock Market LIVE Update | Sensex slides over 200 points | Nifty dips below 25,600
Indian equities traded lower, with the Sensex slipping over 200 points and the Nifty moving below 25,600. Government bond prices stayed largely flat ahead of the RBI policy decision, as traders watched for liquidity signals. The benchmark 2035 bond yield hovered near recent levels after a sharp fall this week. Precious metal ETFs declined up to 10% as gold and silver futures extended losses. Sebi removed calendar spread margins on expiry day from May 5, 2026, while the RBI projected low FY26 inflation and kept key rates unchanged.
9:30 AM IST
Stock Market LIVE Update | Sensex slips over 200 points | Nifty trades below the 25,600 mark
Indian equities opened weaker, with the Sensex slipping over 200 points and the Nifty trading below 25,600. A block deal in Kotak Mahindra Bank saw about 27.8 lakh shares change hands, with the stock trading marginally higher. Early gainers included GACM Technologies (DVR), Godfrey Phillips India, Future Lifestyle Fashions, EIH, and GE Vernova T&D India. In commodities, physical gold prices remained elevated across major cities, with 22-carat and 24-carat rates firm in Delhi, Mumbai, Chennai, and Hyderabad.
Source: Bajaj Broking Research Desk.
GIFT NIFTY: Gift Nifty suggests a negative opening for the Indian market. Nifty spot in today's session is likely to trade in the range of 25,400-25,800.
INDIA VIX: 12.17 | -0.085 (0.69%) ↓ today
In-Depth Market Insights: Global Outlook, Derivatives & More
Other Asset Classes
Treasury Yield:
U.S. Treasury yields were lower on Thursday as investors reacted to a number of labor market data releases Thursday that revealed more signs of weakness. The 10-year Treasury yield dropped 8 basis points to 4.198%.
Currency:
The dollar index, which measures the U.S. currency against a basket of six others, was last up 0.18% at 97.85, rising for a second day. It rose to its highest since January 23 earlier in the session.
Bitcoin briefly sank below $61,000 on Thursday evening as investor confidence continued to falter in the asset once hailed as “digital gold” and a unique store of value. Bitcoin was last down about 11% trading at $64,200.
Commodities:
Oil prices settled down almost 3% on Thursday in choppy trading, after the U.S. and Iran agreed to hold talks in Oman on Friday. Brent crude futures settled down 2.75%, to $67.55 per barrel.
Silver prices slid as much as 16% on Thursday, snapping a two-day rebound, as the white metal continues to reel from excessive volatility.
Spot silver prices were nearly 13% lower at around $76.74 per ounce. Meanwhile, spot gold declined about 2% to around $4,868 per ounce.
Asian Markets
General Trends:
Asian markets were trading lower in today's morning trade after the tech sell-off deepened on the Wall Street.
Sector-Specific Indicators:
The South Korean index pared losses and was last down 3.86%, while the small-cap Kosdaq saw a larger loss of 5.26%.
Japan’s Nikkei 225 opened down 1.22%, on pace for a third straight day of losses. The broad-based Topix was 0.74% lower.
India Market Outlook
Market in the Previous Session:
Benchmark indices Sensex and Nifty ended lower on February 5th, snapping a three-day winning streak amid weak global cues and weakness in selective metal stocks. The market witnessed profit-booking after the recent rally triggered by optimism over the India–US trade deal. Trading remained volatile as the session coincided with the Sensex derivatives expiry. Investors remain cautious on account of RBI monetary policy meet due on 6th Feb.
At the close, the Sensex declined 503.76 points, or 0.60%, to 83,313.93, while the Nifty fell 133.20 points, or 0.52%, to 25,642.75.
The sell-off was broad-based, with pressure seen across segments. The Nifty Midcap 100 index slipped 0.28%, while the Nifty Small-cap 100 index dropped 1.29%.
Sectorally, metals, capital goods, auto and consumer durables continued to drag, all trading around 0.5-1 percent lower. Defensive pockets such as healthcare and PSU Banks were marginally positive to flat, but gains were insufficient to offset losses elsewhere.
TRADE SETUP FOR FEB 06
Nifty Short-Term Outlook:
The index formed a bearish candle which remained contained inside previous session high-low range signaling consolidation with corrective bias ahead of the RBI monetary policy outcome.
In the coming sessions key levels to watch out for is 25450-25400 being the confluence of the last week high and 20 days EMA. Holding above the support area will keep the overall bias positive and will open upside towards 25,850 and 26,000 levels in the coming weeks.
Volatility is likely to remain elevated amid uncertain global cues and the upcoming RBI monetary policy announcement.
Key short term support is placed around the 25,000-25,200 marks being the confluence of the 200 days EMA and 80% retracement of the current up move.
Intraday Levels:
Nifty: Intraday resistance is at 25,690, followed by the 25,800 levels. Conversely, downside support is located at 25,490, followed by 25,400.
Bank Nifty: Intraday resistance is positioned at 60,300, followed by 60,670, while downside support is found at 59,700, followed by 59,400.
Derivative Market Analysis
Nifty:
Call writers are actively positioned between 25,700 and 26,000, indicating strong overhead resistance, with the highest call OI concentrated at the 27,000 level.
Limited put writing is visible between 25,500 and 25,700, suggesting the presence of a near-term support zone.
Synthetic futures are currently placed at 25,664. A sustained move above 25,700 could open the path toward the 26,000 mark, while a break below 25,600 may extend weakness toward 25,500.
Fresh unwinding activity by market participants will be crucial in determining the next directional move, either above 25,700 or below 25,500.
Bank Nifty:
Put writers have unwound positions between 60,000 and 60,500, indicating weakening support in this zone. A decisive break below 60,000 could accelerate downside momentum.
Call writers continue to dominate across strikes from 60,000 to 66,500, forming multiple resistance levels and limiting upside potential.
Option chain data suggests that a sustained breakout above 60,500 or a breakdown below 60,000 may trigger a directional move. Until then, the index is likely to remain in a consolidation phase within this range.
US Share Market News
Performance Overview:
U.S. equities fell for another session on Thursday as investors took a risk-off stance, with sharp decline seen in technology stocks.
Sector-specific indicator:
The Dow Jones Industrial Average shed about 592.58 points, or 1.20%, ending at 48,908.72. The S&P 500 lost 1.23%, closing at 6,798.40 and landing in negative territory for the year. The Nasdaq Composite declined 1.59% and settled at 22,540.59.
Technology and AI-related stocks have been at the main focus of investors’ attention of late amid concerns over how advances in artificial intelligence might disrupt traditional business models and compress margins for established players. Amazon shares sank 11% post market hours after the ecommerce giant posted earnings per share slightly under analyst expectations.
Initial jobless claims for the week ended Jan. 31 rose more than expected, and job openings in December fell to their lowest level since September 2020.
Economic indicator:
This comes ahead of next week’s release of the Bureau of Labor Statistics’ January jobs report, which was pushed back as a result of the partial government shutdown that ended Tuesday.
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 :
06 Feb 2026
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This article is for educational purposes only and should not be considered investment advice. Market investments are subject to risks. DSIJ Wealth Advisory Private Limited is a SEBI-registered Research Analyst (Reg. No: INH000006396) and Investment Adviser (Reg. No: INA000001142). Please consult your financial adviser before investing.
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