Benchmark indices extended their morning losses into afternoon trade on Thursday, with the Sensex down 480.24 points or 0.57 per cent at 83,337.45 and the Nifty falling 150.10 points or 0.58 per cent to 25,625.90 as of 12:30 pm, weighed by persistent weakness in information technology stocks following concerns over automation tools impacting outsourced services.
Market breadth remained negative, with 2,450 stocks declining against 1,462 advances on the BSE, while 66 stocks hit 52-week highs and 64 touched 52-week lows. The selloff was broad-based, with 140 stocks in upper circuit and 118 in lower circuit.
Sectoral indices showed a mixed performance, with the Nifty Smallcap 100 worst hit, falling 1.56 per cent to 16,936.10, followed by the Nifty Next 50 down 0.94 per cent at 68,647.75 and the Nifty Midcap 100 declining 0.69 per cent to 59,269.50. Nifty Financial Services dropped 0.57 per cent to 27,645.20, while the Nifty Bank shed 0.43 per cent to 59,981.50.
On the Nifty 50, Trent led the gainers, rising 1.65 per cent to ₹4,078.80, followed by State Bank of India up 0.66 per cent at ₹1,075.30, Dr Reddy’s Laboratories gaining 0.61 per cent to ₹1,247.80, Jio Financial Services adding 0.52 per cent at ₹269.40, and ONGC up 0.49 per cent. cent at ₹268.25.
On the downside, Hindalco topped the losers’ list, falling 3.35 per cent to ₹932.65, followed by Eicher Motors down 2.60 per cent at ₹286.50, Bharat Electronics declining 2.09 per cent to ₹430, IndiGo losing 1.89 per cent at ₹4,867, and Tata Motors DVR dropping 1.86 per cent to ₹368.45.
Traders remained cautious amid global uncertainty and volatility, with the Nifty facing resistance near 25,800 around the 50-day simple moving average. Foreign institutional investors turned marginal net buyers on February 4, while domestic institutional investors continued their buying streak, offering some support to the market, despite the negative sentiment.
Published on February 5, 2026