Nifty and Sensex Surge 2.49% as Markets Close on a High Note
Indian stock markets closed on a robust note with Nifty 50 and BSE Sensex both gaining 2.49%. Printing & Stationery sector led gains at 7.28%, while Energy sector was the biggest loser at -17.11%. Notable stocks included Brigade Hotel Ventures, Canara Bank, and NIIT Limited. Market breadth was overwhelmingly positive with 3,579 out of 4,675 scrips closing higher.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets concluded on a robust note on February 3, 2026, with both the Nifty 50 and BSE Sensex registering significant gains of 2.49% each.
| Index | Closing Price | Change | % Change |
|---|---|---|---|
| Nifty 50 | 25,713.30 | +624.90 | +2.49% |
| BSE Sensex | 83,700.75 | +2,034.29 | +2.49% |
Sectoral Performance
The day saw a mixed bag of sectoral performances, with some sectors outperforming while others faced significant declines.
Top Performing Sectors
| Sector | Average % Change |
|---|---|
| Printing & Stationery | +7.28% |
| Cables | +4.48% |
| Castings, Forgings & Fasteners | +4.12% |
Top Losing Sectors
| Sector | Average % Change |
|---|---|
| Energy | -17.11% |
| Commercial Services | -9.16% |
| Healthcare Services | -5.74% |
| Realty | -5.07% |
| Logistics & Cargo | -4.58% |
Buzzing Stocks
Several companies made headlines today:
Brigade Hotel Ventures: The company entered an agreement with the Tamil Nadu government for a ₹1,100 crore investment in Chennai, planning three new hotels with over 500 rooms combined.
Canara Bank: Successfully redeemed its Rs. 120 crore Basel III AT1 bonds, paying a total amount of Rs. 129.96 crore including annual interest to bondholders.
NIIT Limited: Received a favorable order from the Commissioner (Appeals) Gurugram, setting aside a GST demand of Rs 8.11 crore related to credit mismatch for FY 2020-21, providing complete relief to the company.
Market Breadth
The overall market sentiment was decidedly positive, as reflected in the market breadth statistics:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,675 |
| Positive | 3,579 |
| Negative | 1,096 |
This indicates a strong bullish trend, with over 76% of traded scrips closing in positive territory.
Conclusion
The Indian stock markets demonstrated remarkable strength today, with both benchmark indices closing 2.49% higher. While some sectors like Printing & Stationery and Cables showed significant gains, others such as Energy and Commercial Services faced substantial declines. The positive market breadth suggests a broad-based rally, with investors responding favorably to recent corporate developments and possibly macro-economic factors.
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