Stock Market Today LIVE | Feb 6: Sensex trades 400 pts higher from day’s low, Nifty 50 tests 25600; Nifty FMCG up over 1%

Stock Market Today: Domestic equity benchmarks Sensex and Nifty 50 opened in the red on Friday. The BSE Sensex declined as much as 225 points, or 0.27 per cent, to 83,088, hitting an intraday low in early trade. The 50-scrip Nifty began trading at 25,605, indicating a flat-to-negative opening.

Metal, IT and healthcare stocks were under pressure, with Coforge, Persistent Systems, TCS, Infosys, HCL Tech, Max Healthcare and Torrent Pharma emerging as the top losers.

In contrast, private banking stocks such as Kotak Bank and ICICI Bank were among the top gainers, providing some support to the benchmarks.

Global markets are sending strong negative cues for the domestic stock markets, with a sharp selloff on Wall Street and rising volatility across asset classes.

US stocks tumbled overnight as technology shares came under heavy pressure and bitcoin slid again. Weak US job market data further rattled sentiment, pushing bond yields lower and adding to risk-off positioning.

The S&P 500 fell 1.2 per cent — sixth decline in the last seven sessions after hitting a record high. The Dow Jones Industrial Average dropped 592 points or 1.2 per cent, while the Nasdaq Composite slid 1.6 per cent. The technology stocks led the fall, with Qualcomm plunging 8.5 per cent despite beating profit and revenue estimates.

Asian stocks update
Asian markets extended the global selloff on Friday, with MSCI’s Asia-Pacific index (ex-Japan) falling 1 per cent for a second straight session. South Korea’s Kospi plunged nearly 5 per cent, triggering a brief trading halt after the open. US futures also remained weak, with S&P 500 e-mini futures down 0.2 per cent and Nasdaq e-mini futures off 0.4 per cent — signalling continued pressure on global risk sentiment.

Commodity market news
In the commodity market, volatility remained elevated. Silver crashed 9.1 per cent in another sharp swing, while gold slipped 1.2 per cent to settle at USD 4,889.50 per ounce after extreme price fluctuations over the past week. Moreover, bitcoin and other cryptocurrencies also remained under pressure.

RBI’s monetary policy decision
All eyes are on the RBI’s monetary policy decision today as the Sanjay Malhotra-led Monetary Policy Committee (MPC) concludes its sixth and final bi-monthly meeting for FY26. The three-day meeting which held from February 4 to February 6 will conclude today.

The RBI has already delivered a cumulative 125 bps repo rate cut since February 2025. The February policy comes at a crucial juncture, following the Union Budget 2026–27 and the India–US trade deal, both of which have implications for growth, inflation and capital flows.

RBI Governor Sanjay Malhotra will deliver the policy statement at 10 am.