Stock Market Today: Sensex Slides to 83,464, Nifty Near 25,650 Amid IT Selloff

Overview:

• Sensex fell 436 points intraday to 83,381 and Nifty slipped 136 points as IT stocks sold off on AI fears.

• Trent rose 2.19% despite slower revenue growth, as strong margins and profit numbers attracted selective buying.

• IT stocks saw sharp corrections, underperforming Nifty by 24% over 12 months, amid renewed concerns over AI-led disruption.

Indian stock market today, on February 5, 2026, showed bearish trends. BSE Sensex and NSE Nifty both opened lower and continued to slide as information technology stocks dragged the markets down. After riding the wave of optimism on the India-US trade deal, the investors are facing a reality check of the ‘AI threat’ in the technology sector. 

Sensex traded at 83,464.85, down 352.84 points or 0.42% from its previous close of 83,817.69 at press time. The index had earlier touched a low of 83,381.35, falling as much as 436 points during the session. Nifty 50 was down 116.60 points or 0.45% at 25,659.40, from its previous close of 25,776. The index had dropped to 25,639.85 earlier in the day, a decline of 136.15 points.

The dip reflected a broader hesitance among investors to hold long positions in sectors vulnerable to global disruption. Here’s what happened in the stock market today based on Moneycontrol data.

Top Gainers and Losers 

Trent shares were the top gainer on both Sensex and Nifty 50, rising 2.19%. Although the company reported slower Q3 revenue growth of 16% year-on-year to Rs. 5,259.5 crore. Trent’s EBITDA margin expansion to 20.4% and adjusted PAT of Rs. 665.5 crore drove investor interest. Other notable gainers included State Bank of India (up 0.67%), Hindustan Unilever (up 0.60%), Tata Steel (up 0.46%), and NTPC (up 0.20%).

On the other hand, IndiGo stock led the losers with a 2.15% fall, followed by Eternal (down 2.09%), Asian Paints (down 1.59%), Axis Bank (down 1.48%), and Bharat Electronics (BEL, down 1.46%). Hindalco shares fell 2.87%, while Tata Motors PV declined 2.25% and Shriram Finance dropped 1.94%.

Share Market News: Earnings Update

JSW Cement shares surged over 9% to Rs. 126.96 after the company turned profitable in Q3FY26. It posted a net profit of Rs. 130.62 crore in the December 2025 quarter.

Apollo Tyres reported strong results with a 40% year-on-year increase in profit to Rs. 471 crore for the December quarter. Although shares gave up early gains to trade at Rs. 506.75.

Hexaware Technologies tumbled over 10% to Rs. 620.25 following disappointing Q3 results. The company’s standalone net profit fell to Rs. 100.3 crore from Rs. 196.9 crore in the same quarter last year.

Stocks in Focus

Tata Motors announced it will start assembling the Range Rover Evoque at its Rs. 9,000 crore Panapakkam plant in Tamil Nadu. The assembly will start on February 9, 2026. The first vehicle will roll out from this facility.

Hindustan Aeronautics (HAL) shares traded 5% lower at Rs. 4,015.80 after the company was not shortlisted for the AMCA (Advanced Medium Combat Aircraft) project. However, HAL confirmed five LCA Mk1A aircraft are fully ready for delivery, with nine additional aircraft already built and awaiting engines from GE.

Nippon Steel is considering selling as much as 500 billion yen (approximately $3.2 billion) of convertible bonds in what would be Japan's largest such transaction.

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IT Stocks Under Pressure

The information technology sector faced selling pressure following developments in the global AI space. The release of Claude Cowork by Anthropic and Project Genie by Google raised concerns about AI's impact on traditional IT services.

Market analysts noted that Indian IT stocks had already underperformed Nifty by 24% over the past 12 months. Brokerages maintained that while AI tools were already available, the recent announcements brought renewed focus on improving AI model capabilities.

Jefferies highlighted that application services, which constitute 40-70% of revenues for IT firms, could face growth pressures. However, the brokerage maintains a selective stance, preferring HCL Tech and Infosys among large-cap IT stocks.

Macquarie, the Australian financial services company, believes AI impact concerns are overdone. The company analysts stated that Indian IT services firms typically cater to large enterprise customers with extremely complex SAP environments. Hence, making rapid disruption unlikely.

Currency and Commodities Update

Indian rupee showed strength in early trade, rising 7 paise to 90.40. Gold and silver prices retreated on easing geopolitical tensions. Multi-Commodity Exchange Clearing Corporation levied additional margins on gold and silver futures to manage risk amid recent market volatility. Gold prices are expected to consolidate within the $4,550-$5,100 range, while silver may trade between $74-$91.

Iran-US talks scheduled for Feb 6 and discussions between President Trump and China's Xi Jinping ahead of a proposed April visit eased geopolitical tensions.

Market Outlook

The stock market today witnessed the IT sector struggling to cope with the global AI boom. Although the government’s push towards AI and a digital India has helped tech companies bridge some of that gap, there is still a long way to go. So, the short-term volatility may continue. The market is waiting for the RBI’s move on February 6, but even more so, it’s waiting for a sign that Indian tech can pivot from being a service provider to an AI orchestrator.

Also Read: US Stock Market Today: S&P 500 & NASDAQ Slide as AMD Outlook Disappoints and AI Risk Concerns Grow

FAQs

1. Why did the stock market go down today?

The market went down because many stocks were sold, especially IT stocks. People are worried about how AI might change IT services. Poor forecasts for the IT sector and people selling stocks to take profits also made things worse. Metal and consumer stocks also went down, making investors cautious.

2. How much did Sensex and Nifty go down today?

Sensex fell by over 400 points and was around 83,464 when this was written. It had gone even lower during the day. Nifty fell by more than 100 points and dipped below 25,700, indicating that most large-cap stocks in the index were underperforming.

3. Why did IT stocks struggle in the stock market today?

IT stocks faced selling pressure as new AI tech from big global companies raised questions about future demand. Weak predictions from consulting companies and examples of AI improving efficiency made investors worry about long-term income growth.

4. Which were the top gainers in the stock market today?

Trent led the gainer’s list, going up over 2% because its quarterly results showed strong profit margins. Stocks like SBI, Hindustan Unilever, Tata Steel, and NTPC also rose slightly, helping the market from falling even further.

5. What is the future outlook for the Indian share market?

Experts think the market might continue to experience volatility amid global issues like the AI boom. They suggest that investors pay attention to companies that are doing well, have consistent profits, a track record of execution, and are priced reasonably.