Markets in Mumbai opened lower on Friday as investors digested a central bank rate hold and continued to reduce exposure to risk assets amid global equity weakness.
Sensex and Nifty start in the red
Both the Sensex and Nifty 50 slipped in early trading, led by declines in banking and IT stocks. Defensive sectors such as FMCG showed relative strength, reflecting a shift toward stability.
The Reserve Bank’s decision to keep rates unchanged was widely expected and failed to provide meaningful upside momentum.
Financials under pressure
Private lenders and non-banking finance companies faced selling pressure as traders reassessed growth assumptions. Technology stocks also lagged, tracking declines in overseas peers.
Mid-cap shares were mixed, with selective buying in infrastructure-related names.
Global cues dominate local flows
Indian equities remain sensitive to offshore developments, particularly movements in U.S. markets and commodity prices. Currency stability offered limited support, while investors focused on earnings guidance and fiscal outlooks.
Outlook: consolidation likely
Strategists anticipate near-term consolidation, with markets requiring stronger domestic catalysts to regain momentum. Long-term fundamentals remain intact, but short-term positioning is expected to stay cautious.
Newshub Editorial in Asia – 6 February 2026
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