Top Nifty 50 Gainers Today

• Trent: up 5.18%
• ONGC: up 3.50%
• NTPC: up 2.30%
• Max Healthcare Institute: up 1.89%

Top Nifty 50 Losers Today

• Hindalco Industries: down more than 3%
• Eternal: down 2%
• Bharti Airtel: down 2%
• Bharat Electronics (BEL): listed as a top loser

Analysis: Reasons Behind the Moves

The Indian equity markets faced a correction on Thursday, February 05, 2026, as the Nifty 50 and Sensex both declined by approximately 0.52% and 0.60%, respectively. Several key factors influenced the day's price action:

• Profit Booking at Elevated Levels: Following a historic three-day rally sparked by the announcement of a long-awaited India-US trade deal, investors opted to lock in gains. The market breadth remained weak as participants turned cautious at higher valuation levels.
• Weak Global Cues and Tech Rout: Negative sentiment from overseas markets heavily impacted domestic indices. A significant sell-off in U.S. technology stocks, driven by concerns over the rising costs of AI investments and valuation worries, led to a broader risk-off sentiment across Asian markets.
• Sectoral Weakness in Metals and IT: The metal sector was under intense pressure, with Hindalco Industries leading the declines. This was attributed to a slump in global commodity prices, including a sharp drop in silver and gold. Similarly, the IT sector faced headwinds following the tech rout in the U.S. and concerns regarding potential disruptions from new automation tools.
• Pre-Policy Caution: Market participants maintained a selective approach ahead of the Reserve Bank of India’s (RBI) monetary policy announcement scheduled for Friday. While rates were widely expected to remain unchanged, investors awaited the central bank's commentary on inflation and future growth outlooks.
• Trade Deal Verification: After the initial euphoria surrounding the India-US trade agreement, the market entered a "verification phase." Investors are now awaiting the final official documents and finer details of the deal, particularly regarding sensitive sectors like agriculture and dairy.

TAGS: Top Gainers, Top Losers, Nifty 50, Stock Market, Market Movers

Tags: Top Gainers Top Losers Nifty 50 Stock Market Market Movers