The Indian equity market wrapped up February 06 on a positive note, but the session itself was anything but straightforward. Trading stayed tight for most of the day, with buyers stepping in only toward the end. Support came largely from FMCG and select banking stocks, helping the benchmarks finish higher despite visible weakness in IT, pharma, and auto counters.
The day reflected a market driven more by stock-specific earnings reactions than broad optimism.
Market Performance on Feb 06
Key indices managed to close in the green, extending their weekly winning streak.
- Nifty 50 ended 0.20% higher at 25,693
- Sensex gained 0.32% to close at 83,580
Participation beyond the frontline indices remained uneven.
- Nifty Midcap 100 settled flat
- Nifty Smallcap 100 declined 0.30%
The divergence highlighted cautious positioning in the broader market.
RBI Decision Keeps Rates Steady
In its final policy review of the financial year, the Reserve Bank of India stayed the course.
- Repo rate held at 5.25%
- Policy stance unchanged at neutral
The announcement brought stability but did not trigger aggressive buying, keeping sentiment measured across asset classes.
Sector Movement: FMCG Outperforms
Sector-wise trends played a decisive role during the session.
Sectors in Focus
- Nifty FMCG led the rally with a 2.27% rise
- Consumer Durables, Oil & Gas, and Realty closed with gains of up to 1%
Sectors Under Pressure
- Nifty IT slipped 1.47%
- Nifty Pharma dropped 0.72%
- Nifty Auto and Nifty PSU Bank declined 0.52% each
Defensive plays attracted buying, while cyclicals and export-driven names struggled.
Top Gainers on Feb 06: Results Drive Sharp Upside
Earnings-related buying shaped the list of top gainers, with several stocks witnessing strong single-day moves.
Hitachi Energy Takes the Lead
Hitachi Energy finished as the session’s top performer, advancing 14% to ₹21,871. The move followed a favourable response to its December-quarter performance.
MRF Continues Its Premium Run
MRF climbed 8.5% to ₹1,46,455, maintaining its status as the highest-priced stock in the Indian equity market.
Solid Gains Across Result-Linked Names
Positive reactions were also seen in:
- Data Patterns: up 8%
- Life Insurance Corporation (LIC): higher by 7.4%
- Nykaa: gained 7.24%
Tobacco Stocks Rebound
Tobacco counters recovered sharply after recent declines:
- Godfrey Phillips surged 10.4%
- ITC moved up 5%
Other Stocks Posting Steady Gains
Several Nifty 500 constituents ended the day with gains ranging from 3% to 5.5%, pointing to selective accumulation.
Notable names included:
- Siemens Energy India
- Poonawalla Fincorp
- Schneider Electric Infrastructure
- IDBI Bank
- Amber Enterprises
- Muthoot Finance
- Finolex Cables
- Akzo Nobel India
- Kotak Mahindra Bank
- Atul
- Hindustan Unilever (HUL)
- NCC
- SBFC Finance
Top Losers on Feb 06: Earnings Misses Trigger Selling
Stocks delivering weaker quarterly numbers faced sharp cuts.
Poly Medicure Slides
Shares of Poly Medicure dropped 7.5% to ₹1,389, reacting to margin-related concerns in Q3.
BEML Slips After Quarterly Loss
BEML declined 7.4% to ₹1,617 after reporting a net loss of ₹22.4 crore for Q3FY26.
UNO Minda Under Pressure
UNO Minda fell 6%, as traders reacted negatively to its Q3 outcome.
IT Stocks Extend Declines
Selling pressure continued across IT names, adding to recent weakness.
Stocks that saw notable losses included:
- eClerx Services
- Birlasoft
- Hexaware Technologies
- Tata Technologies
- Coforge
- Cyient
Losses ranged between 3.5% and 7%.
PB Fintech Sees Profit-Taking
PB Fintech closed 3% lower at ₹1,504, a day after posting an 8% rally, indicating near-term profit booking.
Summary: What Shaped Top Gainers & Losers on Feb 06?
- Benchmark indices closed higher, but breadth stayed mixed
- FMCG stocks emerged as key market supporters
- Earnings outcomes dictated stock-specific moves
- Hitachi Energy, MRF, Nykaa, Godfrey Phillips led on the upside
- BEML, Poly Medicure, IT stocks weighed on sentiment
- Broader markets reflected a cautious and selective approach
The session underlined a clear theme — results-driven trading continues to dominate market behaviour, with investors reacting swiftly to quarterly numbers.
Source: Livemint
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