Indian equity benchmarks opened on a cautious note on Thursday, February 5, 2026, with the Nifty 50 trading in the red amid broad-based selling pressure. At around 09:54 IST, the benchmark index was hovering near 25,627, reflecting weakness across key sectors even as select large-cap stocks managed to post modest gains. The early trend indicates a risk-off mood among investors, with losses more pronounced in midcap and select frontline stocks.
Also Read: 4 February 2026: Nifty Ends Higher as Infra, Energy and Retail Stocks Rally; IT Sell-Off Deepens
Market Snapshot: Benchmarks Under Pressure
The Nifty 50 was trading at 25,627.25, down 148.75 points or 0.58%. The index opened at 25,755.90, touched an intraday high of 25,757.65, and slipped to a low of 25,621.25, highlighting persistent selling pressure through the session’s early phase.
Other key indices also reflected weakness:
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Nifty Next 50 declined by 0.91% to 68,668.70 -
Nifty Financial Services slipped 0.54% to 27,651.55
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Nifty Bank eased 0.25% to 60,088.10
Nifty Next 50 declined by 0.91% to 68,668.70The overall tone suggests cautious sentiment, with investors trimming positions across sectors rather than taking aggressive directional bets.
Top Gainers: Select Stocks Buck the Trend
Despite the broader market weakness, a few heavyweight and actively traded stocks managed to stay in positive territory:
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Hindustan Unilever rose 1.16% to ₹2,398.40, supported by steady buying interest.
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Trent gained 0.81% to ₹4,045.30, continuing to attract momentum-driven trades.
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State Bank of India (SBI) added 0.46% to ₹1,073.10, reflecting mild strength in select banking counters.
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Infosys advanced 0.40% to ₹1,541.90, offering limited support to the IT space.
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Jio Financial Services inched up 0.37% to ₹269.00, with healthy trading volumes.
State Bank of India (SBI) added 0.46% to ₹1,073.10, reflecting mild strength in select banking counters.These gains, however, were not sufficient to offset the broader market decline.
Top Losers: Heavy Selling in Metals, Aviation and Financials
On the downside, several stocks witnessed sharp cuts:
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Hindalco slipped 3.10% to ₹935.00, leading the losers’ pack amid selling in metal stocks.
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TMPV fell 2.54% to ₹365.90, indicating pressure in the midcap space.
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IndiGo declined 2.37% to ₹4,843.10, reflecting weakness in aviation counters.
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Bharat Electronics (BEL) dropped 2.36% to ₹428.85.
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Shriram Finance eased 2.01% to ₹978.70, weighing on the broader financials segment.
IndiGo declined 2.37% to ₹4,843.10, reflecting weakness in aviation counters.The selling in these stocks underscores a defensive stance by investors in the early session.
Market Sentiment and Near-Term Outlook
The early trade suggests that investors are cautious, possibly reacting to global cues, profit-booking at higher levels, or concerns around valuations after recent market moves. The fact that most sectoral indices are in the red points to a lack of strong positive triggers in the immediate term.
Market participants are likely to remain stock-specific, keeping a close watch on global developments, domestic macro cues, and institutional flows before taking fresh positions. Volatility could remain elevated through the session as traders assess whether the market finds support near current levels.
Conclusion: February 5, 2026
The Nifty’s decline in early trade reflects a broader risk-off sentiment, with losses in key stocks overshadowing limited gains in select heavyweights. While pockets of strength remain, the overall market mood appears cautious, suggesting that investors may prefer a wait-and-watch approach until clearer cues emerge.
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