India Stocks Set to Close Week on Low Note

2026-02-06 05:53 By Chusnul Chotimah 1 min. read

The Sensex fell 386 points, or 0.5%, to 82,928 in Friday morning deals, extending its decline, while the Nifty 50 also dropped 0.5% to around 25,500, after the RBI held its policy rate at 5.25% following a 25 bps cut at the December meeting.

The broader market tracked a downbeat session on Wall Street overnight amid a persistent tech rout.

However, US–India trade deals earlier this week and the government’s budget measures to boost manufacturing and exports helped cap losses.

Additionally, the RBI’s upward revision of its GDP growth forecast to 7.4% from 7.3% for FY2025–26 prevented deeper declines.

Most sectors traded in the red, led by technology stocks, which fell 2.1% amid the global rout, weighed down by TCS (-2.4%) and Tech Mahindra (-2.1%).

Banking and auto stocks also posted modest declines, with the biggest laggards including IndusInd Bank (-2.0%) and SBI (-1.6%).

For the week, the index is heading for a 0.8% decline, after rising in the previous week.



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