4 February 2026: Nifty Ends Higher as Infra, Energy and Retail Stocks Rally; IT Sell-Off Deepens

Indian equity markets closed on a positive note on 4 February 2026, with the Nifty 50 settling at 25,776.00, up 48.45 points or 0.19%, even as a sharp and persistent sell-off in IT stocks continued to weigh on sentiment. Strong buying in infrastructure, energy, power, and retail stocks helped the benchmark index overcome heavy losses in technology heavyweights.

The index opened at 25,675.05, touched an intraday high of 25,818.55, and fell to a low of 25,563.95, indicating a volatile session marked by clear sectoral divergence.

Also Read: 4 February 2026 (Mid-cap): Nifty Extends Gains Despite IT Rout; Energy, Infra and Autos Power Market Higher

Broader Markets and Financials Support the Rally

Market breadth remained supportive, with most key indices ending in the green:

• Nifty Next 50 surged 0.65% to 69,298.55, indicating strong participation from broader market stocks.

• Nifty Financial Services gained 0.46% to 27,802.55.

• Nifty Bank rose 0.33% to 60,238.15.

The positive performance of these indices reflects sustained investor confidence in domestic growth-oriented and cyclical sectors, despite global uncertainties affecting technology stocks.

Top Gainers: Trent, Eternal, ONGC, NTPC and Adani Ports Lead

Several large-cap and high-volume stocks led the market higher:

• Trent jumped 5.18% to ₹4,021.00, emerging as the top gainer of the session, supported by strong buying interest in retail and consumption themes.

• Eternal rallied 4.90% to ₹293.50, backed by exceptionally high trading volumes, indicating strong momentum-driven participation.

• ONGC rose 3.50% to ₹266.00, reflecting firm sentiment in the energy sector.

• NTPC gained 2.30% to ₹366.80, supported by steady interest in power and infrastructure stocks.

• Adani Ports advanced 2.25% to ₹1,565.20, benefiting from strength in logistics and infrastructure-related plays.

These stocks played a crucial role in lifting the index and cushioning the impact of heavy losses in IT counters.

Top Losers: IT Majors Extend Sharp Declines

The IT sector remained the clear laggard, witnessing another session of strong and broad-based selling pressure:

• Infosys plunged 7.37% to ₹1,534.00, with extremely heavy volumes, making it one of the most actively traded stocks of the day.

• TCS tumbled 6.99% to ₹2,999.90, also on strong institutional selling.

• HCL Technologies fell 4.58% to ₹1,617.60.

• Tech Mahindra declined 4.52% to ₹1,639.00.

• Wipro slipped 3.79% to ₹233.50.

The sharp and synchronized fall across IT heavyweights points to sustained concerns over global tech spending, demand outlook, or earnings visibility, leading investors to aggressively cut exposure to the sector.

Sectoral Trend: Clear Shift Toward Cyclicals and Defensives

The day’s trade clearly highlighted a strong sectoral rotation. While IT stocks faced intense selling pressure, investors showed preference for:

• Infrastructure and logistics (Adani Ports, NTPC)

• Energy and PSUs (ONGC, NTPC)

• Consumption and retail (Trent)

• High-volume momentum stocks (Eternal)

This rotation suggests that money is moving away from export-oriented tech stocks toward domestically driven growth and defensive sectors.

Market View: Resilience Despite Pockets of Sharp Weakness

Despite the deep correction in IT stocks, the Nifty’s ability to close higher underscores the underlying strength of the broader market. As long as buying interest continues in non-IT sectors such as infrastructure, energy, banking, and consumption, the benchmark indices may remain supported, though volatility is likely to persist.

Investors and traders are expected to stay selective, with stock-specific action dominating market moves in the near term.

Conclusion: 4 February 2026

The session on 04 February 2026 ended with a split market narrative: a strong rally in infrastructure, energy, power, and retail stocks on one hand, and a steep sell-off in IT heavyweights on the other. The Nifty 50’s close at 25,776 reflects resilience driven by sectoral rotation rather than broad-based buying. Going forward, market direction is likely to hinge on whether strength in domestic-facing sectors can continue to offset weakness in technology stocks.