Nifty and Sensex Surge Over 1% as Engineering Services Lead Gains
Indian markets closed on a strong positive note with Nifty 50 and Sensex gaining over 1%. Engineering services sector led the rally, while energy stocks faced significant pressure. Vedanta Ltd. buzzed with a notable block trade. Market breadth was slightly negative with 2,470 declining stocks against 2,139 advancing.
*this image is generated using AI for illustrative purposes only.
Market Wrap: Bulls Take Charge on February 2, 2026
The Indian stock markets concluded the trading session on a strong positive note, with both benchmark indices posting gains of over 1%. The rally was primarily driven by the engineering services sector, while energy stocks faced significant headwinds.
Market Overview
Both the NSE Nifty 50 and BSE Sensex demonstrated robust performance:
| Index | Closing Price | Change | % Change |
|---|---|---|---|
| Nifty 50 | 25,079.85 | 254.40 | 1.02% |
| Sensex | 81,632.05 | 909.11 | 1.13% |
Sectoral Performance
The market witnessed a mixed bag of sectoral movements:
Top Performing Sectors
| Sector | Avg. % Change |
|---|---|
| Engineering Services | 3.49% |
| Trading | 1.91% |
| Castings, Forgings & Fasteners | 1.50% |
| Diamond, Gems and Jewellery | 1.41% |
Top Losing Sectors
| Sector | Avg. % Change |
|---|---|
| Energy | -18.99% |
| Commercial Services | -14.79% |
| Textiles | -11.26% |
| Realty | -10.66% |
| Forest Materials | -10.65% |
Buzzing Stocks
Vedanta Ltd. caught investors' attention with a significant block trade on the NSE. The transaction involved 319,107 shares worth Rs. 20.56 crores at Rs. 644.40 per share, indicating substantial institutional activity.
Market Breadth
The overall market breadth leaned slightly negative:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,609 |
| Positive | 2,139 |
| Negative | 2,470 |
Conclusion
The Indian markets demonstrated resilience, with the Nifty 50 and Sensex both closing over 1% higher. Engineering services emerged as the top-performing sector, while energy stocks faced significant pressure. The mixed market breadth suggests a cautious undertone despite the overall positive close.
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