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Sensex fell 148 points, and Nifty slipped below 25,600 as the RBI’s rate decisions and global weakness hit sentiment.
RBI held the repo rate at 5.25%. It also raised inflation outlook, reducing hopes of near-term rate cuts.
IT stocks led losses, with Tech Mahindra and TCS dragging indices amid global tech sell-offs and AI revenue worries.
Indian stock market today, on February 6, 2026, showed mixed trends. Sensex went down 147.70 points or 0.18% to 83,166.23 at press time. Nifty dipped 81.60 points or 0.32% to 25,561.20. Earlier in the session, the indices had shown steeper declines, with Sensex dropping 355 points and Nifty falling 141 points at 10:30 am.
These sharp ups and downs are an effect of traders trying to figure out what the RBI’s rate ‘pause’ really means for their pockets. The global tech stock sell-off and Indian IT sector struggles added to this volatility. Here’s everything that happened in the stock market today based on Moneycontrol data.
The RBI Monetary Policy Committee (MPC) unanimously decided to keep the repo rate unchanged at 5.25% while continuing its neutral stance. Governor Sanjay Malhotra's announcement came amid global economic uncertainty and evolving domestic conditions.
The central bank revised its GDP growth forecast for the first half of FY27 slightly upward. However, CPI inflation projections were also raised by about 10 basis points, largely due to higher precious metal prices. This upward revision in inflation expectations has dampened market hopes for near-term rate cuts.
Market experts believe the RBI will maintain this pause for an extended period. Bond yields hardened by 4-5 basis points in immediate reaction. The 10-year government security is expected to trade between 6.60% and 6.80% in the coming sessions.
All sectoral indices traded in the red zone during morning trade. The IT sector was hit the hardest in the stock market today. Market experts noted that Indian IT stocks seem to be heading for their worst week in over four months. The decline came amid concerns over artificial intelligence disrupting traditional revenue streams. Tech Mahindra and TCS led the losers.
Meanwhile, Nifty Bank index began the session with a gap-down opening at 59,967 against the previous close of 60,064. It slipped further to hover around 59,700, down 0.6%. The advance-decline ratio stood at 3-11, showing a clear bearish bias. IndusInd Bank fell 1.9%, while Punjab National Bank dropped 1.6%.
The RBI's decision to hold rates steady drew mixed reactions from the real estate sector. Developers and industry experts acknowledged that a rate cut would have boosted homebuyer sentiment. They, however, showed an optimistic stance, noting that stable rates provide predictability for long-term planning. Knight Frank India's chairman highlighted that the repo rate is at its lowest post-pandemic level.
The sectoral divide today is massive. It’s a perfect example of why ‘stock picking’ matters more than just tracking the index. Here are the earnings highlights based on market updates.
LIC’s Power Move: LIC share price surged over 7% following strong Q3 earnings. When you post a profit of ₹12,930 crore, the market doesn't care about global sentiment; it buys. It’s a huge win for the state-run giant. LIC’s net premium income rose 17.4% to Rs. 1.26 lakh crore.
The Retail and Telecom Boost: Nykaa was up 26% in revenue to Rs. 2,873 crore and Bharti Airtel Q3 consolidated revenue reached Rs. 53,982 crore. Both these companies are proving that the Indian consumer is still spending, even if the tech world is shaking. Bharti Airtel also showed steady subscriber additions.
Tata Motors’ Hit: Tata Motors Passenger Vehicles faced challenges. The company posted a net loss of Rs. 3,486 crore against a profit of Rs. 5,406 crore in the same quarter last year. Its revenue declined 25.8% to Rs. 70,108 crore.
UltraTech Cement just added more capacity in UP, nearing a massive 192 MTPA total capacity. Avenue Supermarts opened 2 new stores in Karnataka and Haryana, taking its total store count to 447.
IRB Infrastructure scheduled a board meeting on February 13 to consider a bonus share issue. Stallion India approved a rights issue of 3.67 crore shares at Rs. 99 per share, with February 11 set as the record date. Muthoot Finance approved the issuance of $600 million 5.75% Senior Secured Notes due 2030.
The Reserve Bank of India approved Asia II TopCo XIII to acquire up to 9.99% stake in Federal Bank. Marico completed 60% acquisition of Cosmix Wellness. Meanwhile, Physicswallah completed the acquisition of Nextseed Foundation for Rs. 1 lakh.
SJVN (Satluj Jal Vidyut Nigam) successfully achieved the commercial operation date for its 70 MW Dhubri Solar Power Project in Assam. JK Paper announced plans to set up a hybrid power project at an estimated cost of Rs. 500 crore. Hindustan Copper confirmed its dispute with SEPC has been resolved, removing a key overhang.
Morgan Stanley maintained an ‘Overweight’ rating on Bharti Airtel. The target price was set at Rs. 2,435, citing strong India operations and improved free cash flow. Jefferies raised its target on the stock to Rs. 2,575, projecting 17-18% revenue CAGR over FY26-28.
Goldman Sachs raised Uno Minda's target to Rs. 1,500 from Rs. 1,480. It cited alloy wheel margin support and camera module segment gains for the hike.
Nomura upgraded Nykaa to ‘Buy’ with a target of Rs. 305. Hence, highlighting its attractive valuation at 4.7x FY27 EV/sales.
Nuvama downgraded Hexaware Technologies to ‘Hold’ with a target of Rs. 690 (cut from Rs. 850). The brokerage cited client-specific headwinds and limited near-term visibility for the cut down.
Also Read: JSW Cement Share Price Hits Rs. 126.86, Up 9% After Strong Q3 Earnings
Asian markets extended Wall Street's losses amid a broad technology selloff. The S&P 500 fell 1.23% in the previous session, triggering a ripple effect in Asian stocks. Bitcoin plunged to near $60,000 (approximately Rs. 54 lakh), down nearly 10% in early trade before clawing its way back to $64,000 levels at press time. The Bitcoin price dip of 30% over the past week came as investors fled risky assets.
The Dollar Index stood at 97.9. Gift Nifty indicated at 25,600 against the Nifty futures near 25,725. It signaled a gap-down opening of 125-130 points. India VIX (Indian Volatility Index) fell 0.69% to 12.17, down 19.39% for the week, though market volatility remained a concern.
Indian rupee rose 11 paise to 90.23 against the US dollar in early trade. Crude oil futures traded higher despite the de-escalation of tensions between Iran and the US. April Brent oil futures stood at Rs. 67.89, up 0.50%. Meanwhile, March WTI (West Texas Intermediate) crude traded at Rs. 63.66, gaining 0.58%.
Foreign Institutional Investors (FIIs) continued their selling spree, offloading equities worth Rs. 2,150.51 crore on February 5. Domestic Institutional Investors (DIIs) provided support by purchasing shares worth Rs. 1,129.82 crore, partially offsetting the FII outflows.
The stock market today reflects a wait-and-watch approach from investors. Every move by the RBI or a US tech giant is causing a ripple in Dalal Street. The 25,500–25,600 support levels for Nifty are important. If these are maintained, the share market recovery could continue. If not, we might see further downside. RBI is focused on stability, and the domestic earnings updates are supporting the market. For the long-term investor, these tech-led dips in fundamentally strong Indian companies are often where the best entries are found.
Also Read: US Stock Market Today: Wall Street Falls for Third Day as AI Spending Concerns Hit Technology Shares
1. Why did the stock market fall today?
The stock market fell today as investors reacted to the RBI’s decision to keep interest rates unchanged and ongoing global uncertainty. Weak cues from global tech stocks hurt Indian IT shares, adding pressure on benchmarks. Heavy selling by foreign investors also weighed on sentiment, keeping markets cautious despite some recovery from early losses.
2. What is the latest RBI policy news?
The RBI decided to keep the repo rate unchanged at 5.25% and maintained a neutral stance. This signals that interest rates may stay steady for longer. While this supports economic stability, higher inflation forecasts reduced hopes of near-term rate cuts, making investors more cautious about future growth and borrowing costs.
3. Why did IT stocks crash today?
IT stocks declined due to weak global tech sentiment and concerns around artificial intelligence affecting traditional IT revenues. Falling US tech stocks added pressure, while fears of slower demand from overseas clients hurt confidence. As a result, major IT companies dragged the broader market lower during the session.
4. Which are the biggest gainers in the stock market today?
LIC shares rose over 7% after reporting strong Q3 earnings, with profits and premium income showing solid growth. Nykaa and Bharti Airtel stocks were also in focus as they posted healthy quarterly numbers. These gains showed that company-specific fundamentals still matter even during volatile market conditions.
5. What should investors watch next?
Investors should closely track global market trends, FII activity, and upcoming corporate earnings. The RBI’s policy stance suggests stability, but global risks remain. Market direction in the near term will likely depend on foreign fund flows, IT sector performance, and how inflation and growth expectations evolve.
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