Market Wrap: Nifty and Sensex Tumble Nearly 2% Amid Sector-Wide Selloff
Indian stock markets witnessed a significant downturn on February 1, with Nifty 50 dropping 1.96% to 24,825.45 and BSE Sensex falling 1.88% to 80,722.94. The selloff was broad-based, with energy sector being the worst hit (-20.69%). Out of 4,501 traded scrips, 2,518 declined while 1,983 advanced, indicating a bearish trend. Allied Blenders and Distillers received partial tax relief, but stock performance data was unavailable.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets witnessed a significant downturn on February 1, 2026, with both benchmark indices closing in deep red. The Nifty 50 and BSE Sensex experienced sharp declines, reflecting a broad-based selloff across sectors.
Key Market Indicators
| Index | Closing Price | Change | % Change |
|---|---|---|---|
| Nifty 50 | 24,825.45 | -495.20 | -1.96% |
| BSE Sensex | 80,722.94 | -1,546.84 | -1.88% |
The Nifty 50 closed at 24,825.45, down 495.20 points or 1.96% from the previous close. Similarly, the BSE Sensex ended the day at 80,722.94, shedding 1,546.84 points or 1.88%.
Sectoral Performance
The market witnessed a broad-based decline, with several sectors facing significant pressure. The top losing sectors for the day were:
| Sector | Average % Change |
|---|---|
| Energy | -20.69% |
| Commercial Services | -13.18% |
| Logistics & Cargo | -11.41% |
| FMCG | -9.13% |
| Forest Materials | -8.98% |
The energy sector was the worst hit, with an average decline of 20.69%, followed by commercial services and logistics & cargo sectors.
Market Breadth
The overall market sentiment was decidedly negative, as reflected in the market breadth:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,501 |
| Positive | 1,983 |
| Negative | 2,518 |
Out of the total 4,501 scrips traded, 2,518 declined while 1,983 advanced, indicating a bearish trend in the broader market.
Buzzing Stocks
Allied Blenders and Distillers received partial relief from the Commissioner of Income Tax (Appeals) in pending appeals for assessment years 2014-15 to 2024-25, with orders dated January 30, 2026. However, the stock's performance data was not available at the time of market close.
Conclusion
The Indian stock markets faced significant selling pressure on February 1, 2026, with major indices dropping nearly 2%. The selloff was broad-based, affecting multiple sectors, with energy, commercial services, and logistics & cargo being the most impacted. The negative market breadth further underscored the bearish sentiment prevailing in the market.
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