Sensex Closes Above 83,500; ITC, Cigarette Stocks Rally on Price Hike
1. MARKET OVERVIEW TABLE
| Index | Price | Change | % Change |
|---|---|---|---|
| Sensex | 83,580.40 | +266.47 | +0.32% |
| Nifty 50 | 25,693.70 | +50.91 | +0.20% |
| Nifty Bank | 60,120.55 | +52.65 | +0.09% |
| Nifty Midcap 100 | 59,502.70 | -10.90 | -0.02% |
| Nifty Auto | 27,519.55 | -144.15 | -0.52% |
| Nifty IT | 35,611.05 | -529.30 | -1.47% |
Nifty Advances/Declines: Data not available from sources accessed
Vibe: Markets ended with modest gains as RBI maintained status quo on rates, while cigarette stocks saw sharp rallies and IT sector underperformed.
2. SECTOR PERFORMANCE
🟢 Best Sectors
| Sector | Change | Key Stocks |
|---|---|---|
| FMCG (Cigarettes) | +10% to +14% | ITC (+5.22%), Godfrey Phillips (+10.40%), VST Industries |
| Banking | Mixed | Kotak Bank (+3.33%), SBI (+1.21%), IDBI Bank (+3.63%) |
| Insurance | Positive | LIC (+7.06%), New India Assurance (+1.19%) |
| Capital Goods | Positive | Siemens Energy India (+5.46%), ABB Power (+13.80%) |
| Consumer Durables | Mixed | MRF (+8.51%) |
🔴 Worst Sectors
| Sector | Change | Key Stocks |
|---|---|---|
| IT | -1.47% (Nifty IT) | Tech Mahindra (-1.84%), LTIMindtree (-2.14%), Hexaware (-4.35%) |
| Auto | -0.52% (Nifty Auto) | Multiple auto stocks in red |
| Metal | Mixed | Hind Copper (-4.79%), others declined |
| Infrastructure | Mixed | BEML (-7.39%), Siemens (-4.88%) |
3. TOP GAINERS (Nifty 50 & Broad Market)
| Stock | Price | Change | % | Sector |
|---|---|---|---|---|
| ABB Power | 21,850.00 | +2,651.00 | +13.80% | Capital Goods |
| Concord Biotech Ltd. | 1,327.00 | +159.00 | +13.60% | Pharma |
| Godfrey Philips | 2,188.00 | +206.00 | +10.40% | FMCG |
| MRF | 1,46,455.00 | +11,485.00 | +8.51% | Auto Tyres |
| Data Patterns (India) | 2,724.00 | +200.00 | +7.92% | Defense/Electronics |
| FSN E-Comm (Nykaa) | 276.99 | +18.70 | +7.23% | E-commerce/Retail |
| LIC | 899.00 | +59.30 | +7.06% | Insurance |
| Mahanagar Gas | 1,139.00 | +67.40 | +6.29% | Gas Distribution |
| Siemens Energy India | 2,741.00 | +142.00 | +5.46% | Capital Goods |
| Poonawalla Fincorp | 431.50 | +21.50 | +5.24% | NBFC |
| ITC | 326.35 | +16.20 | +5.22% | FMCG |
| Schneider | 768.90 | +36.60 | +4.99% | Electrical Equipment |
| Sai Life Science | 849.80 | +39.00 | +4.81% | Pharma |
| Aster DM Health | 563.05 | +25.10 | +4.67% | Healthcare |
| Bharti Hexacom | 1,695.00 | +68.00 | +4.18% | Telecom |
4. TOP LOSERS (Nifty 50 & Broad Market)
| Stock | Price | Change | % | Sector |
|---|---|---|---|---|
| Poly Medicure | 1,389.00 | -113.00 | -7.52% | Pharma |
| BEML | 1,617.00 | -129.00 | -7.39% | Capital Goods |
| eClerx Services | 4,186.00 | -311.00 | -6.91% | IT Services |
| Minda Ind. | 1,158.00 | -72.80 | -5.91% | Auto Ancillary |
| Aavas Financiers | 1,302.00 | -77.41 | -5.61% | NBFC |
| Birlasoft | 435.70 | -24.86 | -5.40% | IT |
| Siemens | 3,139.00 | -161.00 | -4.88% | Capital Goods |
| Suven Pharma | 339.45 | -17.36 | -4.86% | Pharma |
| Aegis Vopak Terminal | 217.81 | -11.08 | -4.84% | Oil & Gas |
| Hind Copper | 578.20 | -29.10 | -4.79% | Mining/Metal |
| Reliance Infra | 120.11 | -5.93 | -4.71% | Infrastructure |
| Hexaware Technologies | 613.60 | -27.95 | -4.35% | IT |
| Aptus Value Housing | 258.90 | -11.66 | -4.31% | Housing Finance |
| Policy Bazaar | 1,487.00 | -65.80 | -4.24% | FinTech |
| Caplin Point | 1,826.00 | -78.21 | -4.11% | Pharma |
5. 52-WEEK LEVELS
New Highs Today
- Data not available from sources accessed
Near Highs
- Data not available from sources accessed
New Lows Today
- Data not available from sources accessed
6. WHAT DROVE THE MARKET - DETAILED BREAKDOWN
RBI Monetary Policy
Status: The Reserve Bank of India maintained its policy repo rate at 5.25%, unchanged for the consecutive meeting. Stance: “Neutral” maintained Impact: The decision was unanimous and provided stability to markets. Governor Sanjay Malhotra indicated inflation outlook remains comfortable, with CPI inflation for FY26 projected at 2.1%. The central bank expects price pressures to stay broadly contained, reflecting stable domestic conditions.
US-India Trade Agreement
Status: No specific details available in today’s market data Sector Impact: Global cues remained mixed with trade visibility improving following recent US tariff adjustments
Earnings Season
Trend: Q3 earnings season continues with mixed results Winners:
- Tata Steel Q3 profit soared 9-fold YoY to Rs 2,730 crore
- Kalyan Jewellers Q3 revenue grew 42% YoY to Rs 10,343 crore
- Hero MotoCorp Q3 profit jumped 14%
- MRF shares surged after Q3 profit doubled
- SBI Q3 profit jumped 24% YoY to Rs 21,028 crore
Losers:
- Tata Motors PV posted Rs 3,486 crore loss in Q3 due to JLR cyber impact
- Bharti Airtel Q3 profit dropped 55% YoY to Rs 6,630 crore
- Dish TV India sunk deeper into losses in Q3
Impact: Earnings-driven stock movements were significant, with positive results supporting gains and misses weighing on individual stocks.
FII/DII Flows
Trends: Detailed flow data not available in today’s sources Net Flows: Not specified Impact: The Indian rupee logged its best week in over 3 years, gaining 1.4% to close at 90.6550 per USD, suggesting positive foreign investor sentiment.
Global Cues
US Performance: Wall Street selloff continued; Dow Jones closed above 50,000; Nvidia soars on AI spending Asia: Equities weakened with MSCI’s broadest index of Asia-Pacific shares outside Japan falling 0.7%; Japanese Nikkei bucked trend rising 0.8% Europe: Pan-European Stoxx 600 slipped 0.37% in early trade; earnings calendar appeared relatively light Impact: Global markets retreated on Friday as Wall Street selloff spilled across regions, with volatility hitting precious metals and cryptocurrencies while AI-related concerns weighed on equities.
Sector-Specific News
Cigarette Stocks Surge: ITC, Godfrey Phillips, and VST Industries surged up to 13% after reports indicated companies had raised prices following recent tax hike, passing on higher costs to consumers. The rally was also supported by value buying after a sharp correction triggered by the cigarette taxation overhaul announced on December 31.
REITs: RBI indicated that banks would be permitted to lend to REITs, enhancing long-term funding visibility for the real estate and credit ecosystem.
UPI Stocks: Paytm, Mobikwik fell up to 4% after RBI proposed transaction fraud framework.
Infrastructure: PFC announced merger with REC in line with Budget 2026 roadmap.
Budget Impact
Allocations: Budget 2026 was not headline-grabbing but fiscally prudent and growth-oriented Tax Changes: STT (Securities Transaction Tax) hike likely to hit high-frequency traders Sector Focus: Infrastructure, REITs, and fiscal consolidation continued to provide tailwinds through policy support
Geopolitical/Macro
Tensions: Middle East supply disruption concerns eased; US-Iran nuclear talks scheduled in Oman Data Releases: No major macro data releases highlighted in today’s coverage Commodities:
- Gold: ₹1,55,306.00 (+3,235, +2.13%)
- USD/INR: 90.66 (+0.31, +0.34%)
- US Crude futures extended losses, headed for first weekly decline in several weeks
- Brent crude: $67.05 per barrel (-0.74%)
- WTI crude: $62.77 per barrel (-0.82%)
7. SPECIAL MENTIONS
- NSE IPO: NSE Board approved IPO via OFS, formed a committee to drive listing process
- Fractal Analytics IPO: Opens Feb 9; raised Rs 1,249 crore from anchor investors including Morgan Stanley and Goldman Sachs
- IREDA: Board approved Rs 2,994 crore fund raising plan via QIP mode
- RBI Regulatory Actions:
- Removed VRR cap, reshaped FPI debt limits to boost bond inflows
- Removed cap on foreign bond investments via lock-in route
- Proposed transaction fraud framework affecting UPI stocks
- Issued draft rules for credit derivatives and total return swaps
- Sebi: Directed AIFs to upload NAV data on depository platforms
- Merger: PFC announced merger with REC in line with Budget 2026 roadmap
- Currency: Indian rupee advanced 1.4% for the week, marking its strongest weekly gain since January 2023
8. TECHNICAL LEVELS
| Index | Support | Resistance |
|---|---|---|
| Nifty | 25,400 - 25,450 | 25,750 - 25,800 |
| Sensex | 83,200 - 83,300 | 84,000 - 84,100 |
Note: Technical levels based on intraday movements and historical patterns. Please verify with technical analysts for precise levels.
9. SUMMARY
Indian equity markets ended Friday (February 6, 2026) on a positive note, with the Sensex rising 266 points (0.32%) to close at 83,580.40, while the Nifty 50 gained 51 points (0.20%) to settle at 25,693.70. The Reserve Bank of India’s decision to maintain the policy repo rate at 5.25% for the consecutive meeting provided stability, with the central bank projecting comfortable inflation outlook at 2.1% for FY26.
Cigarette stocks emerged as the star performers, with ITC, Godfrey Phillips, and VST Industries surging up to 13% on reports of price hikes following the recent tax overhaul. The broader market was mixed, with the Nifty Midcap and Smallcap 100 indices ending marginally lower, while the banking index remained flat to positive. The IT sector underperformed, with the Nifty IT index declining 1.47%, while Nifty Auto also faced pressure (-0.52%).
Global cues remained cautious as a Wall Street selloff spilled across regions, but the Indian rupee logged its best week in over 3 years, gaining 1.4% to close at 90.6550 per USD. Earnings season continued with mixed results; Tata Steel’s strong 9-fold profit increase and Kalyan Jewellers’ robust 42% revenue growth provided positive momentum, while Tata Motors PV and Bharti Airtel disappointed with significant declines.
On the policy front, the RBI indicated banks could lend to REITs, and the central bank removed caps on foreign bond investments to boost inflows. The merger announcement of PFC with REC aligned with Budget 2026’s infrastructure roadmap. Market sentiment remained cautiously optimistic, supported by domestic policy clarity and resilient currency movements despite global volatility.
Details for information purposes only. Don’t treat this as financial advice.