2 February 2026: Indian Markets Rebound as Nifty 50 Rallies Over 1%; Power and Infra Stocks Lead the Charge

Indian equity markets staged a strong rebound on Monday, 2 February 2026, with benchmark indices closing firmly in the green, supported by broad-based buying in power, infrastructure, and select PSU stocks. Positive sentiment around capital expenditure–led growth and bargain hunting after recent volatility helped lift market confidence through the session.

Also Read: 1 February 2026: Indian Markets End Sharply Lower as Nifty 50 Slides Nearly 2%; Broad-Based Sell-Off Drags Financials and PSUs

Benchmark Performance: Nifty Posts Solid Gains

The Nifty 50 ended the session at 25,088.40, rising 262.95 points (1.06%). The index opened at 24,796.50, climbed to an intraday high of 25,108.10, and touched a low of 24,679.40, indicating sustained buying interest throughout the day.

Other key indices also closed higher:

• Nifty Next 50 surged 1.07% to 67,073.20, reflecting strong participation in broader markets.

• Nifty Financial Services gained 0.37% to 26,799.00.

• Nifty Bank added 0.35% to 58,619.00, though private banks underperformed select PSU names.

Market Breadth: Advances Outpace Declines

Market breadth remained positive, with advances clearly outnumbering declines. Heavy trading volumes in select large-cap and PSU stocks suggested institutional accumulation, particularly in sectors linked to infrastructure, defence, and utilities.

Top Gainers: Power, Ports and PSUs Outperform

Several stocks delivered sharp gains on strong volumes:

• Power Grid Corporation of India jumped 7.42% to ₹270.00, emerging as the top gainer amid strong interest in power transmission plays.

• TMPV rose 5.61% to ₹364.00, backed by heavy trading activity.

• Adani Ports and Special Economic Zone advanced 4.28% to ₹1,402.50, tracking optimism around logistics and trade-linked infrastructure.

• Bharat Electronics Limited gained 3.63% to ₹440.80, continuing its positive momentum amid defence-sector tailwinds.

• Tata Consumer Products climbed 3.11% to ₹1,121.10, supported by steady buying in consumption-focused names.

Top Losers: Financials and IT Face Profit-Taking

Despite the broader rally, select stocks closed lower due to profit-booking:

• Shriram Finance slipped 3.17% to ₹966.00, the steepest decline among frontline stocks.

• Axis Bank fell 2.33% to ₹1,309.20, weighing on the banking pack.

• Max Healthcare Institute declined 1.82% to ₹958.95 after recent gains.

• Infosys eased 1.66% to ₹1,627.00, as IT stocks remained under pressure.

• Cipla edged down 1.08% to ₹1,314.50.

What Drove Today’s Rally

The rebound was led by PSU-heavy sectors, particularly power, defence, and infrastructure, as investors rotated into stocks with visibility on government-led capex and order inflows. While financials and IT saw selective weakness, overall sentiment improved as buying broadened beyond index heavyweights.

Conclusion: 2 February 2026

The Nifty 50’s over 1% gain signals a return of confidence after recent volatility, with investors selectively accumulating infrastructure and PSU-linked stocks. While pockets of profit-taking persist in banks and IT, the broader market tone has turned constructive. Near-term direction will hinge on sector rotation, earnings cues, and sustained institutional participation.