Indian markets are poised for a flat-to-mildly positive open on February 4, 2026, with consolidation likely in the 25,000-25,500 Nifty range after yesterday’s sharp rally, amid ongoing Q3 results and global caution. Key supports at 24,900-25,000, resistance 25,700-25,800; volatility from trade deal digestion and tariff pauses.
Global Bazaar Haal
Global cues mixed-positive: Asia Nikkei +0.42%, Hang Seng +1.53%, Shanghai flat, ASX -0.05%; US stocks declined slightly, Europe mixed on Trump tariff pause for Mexico/Canada/China. Commodities: Gold $2,847 (-0.43%), oil down ~1%.
GIFT Nifty & Dollar Index
GIFT Nifty flat at ~25,766-25,803 (down mildly from 25,865 prior close), signaling steady open; Dollar Index (DXY) ~104-105 stable, rupee steady ~91.50 amid USD strength pause.
FII & DII Activity
Latest Feb 2 data: FII net sellers ₹1,860 Cr (buy ₹14,753 Cr, sell ₹16,612 Cr); DII net buyers ₹2,412 Cr (buy ₹17,902 Cr, sell ₹15,490 Cr). Month-to-date FII net +₹2,815 Cr, DII +₹2,778 Cr—DII support offsets FII outflows.
Stocks in Action
Focus on results: Cummins India, NHPC, RITES, Kothari Sugars, Andhra Paper, Dalmia Bharat Sugar; others: Adani Ports, Shriram Finance, L&T, BEL (top Nifty movers), ICICI Bank (1750 tgt), APL Apollo (2350), Hero MotoCorp, Blue Star, Quess Corp, PSU banks/infra.
Today’s Results
Q3 FY26: Cummins India, NHPC, RITES, Kothari Sugars & Chemicals, Andhra Paper, Apeejay Surrendra Park Hotels, Allied Digital, Advent Hotels, others like IOC/PFC soon; sugar/PSU heavy.
Ban List Stocks
Ban list active (MWPL >95%): Rail Vikas Nigam (164%), Sammaan Capital (137%), Bharat Dynamics (136%), Kaynes Tech (136%), IEX (133%), IRCTC (128%), RBL Bank (123%), SAIL (119%), HUDCO (118%), Godrej Prop (113%); trade only to reduce positions.
Important News Events
Trump pauses tariffs on Mexico/Canada/China—positive for autos/exports; Q3 results season peaks (Cummins/NHPC); US Fed minutes later for rate cues. Impact: Infra/auto boost, volatility on earnings beats/misses.
Disclaimer & Disclosure
This update is educational, not investment advice. Markets risky; verify NSE real-time data. SEBI-registered RA; no holdings in listed stocks. Public sources used.