Market Opens Lower: Sensex, Nifty Dip Amid Global Weakness
On February 5, 2026, Indian equity markets opened to a negative trend as benchmark indices, Sensex and Nifty, fell amid weak global cues. The BSE Sensex opened down by 20.1 points at 83,757.54, while Nifty also dipped 20.1 points to start at 25,755.90. This downturn comes after a volatile trading session the previous day, where the Sensex closed at 83,817.69 and Nifty at 25,776.
IT stocks continue to feel the pressure, with the Nifty IT index declining by 0.07%. This situation reflects a broader trend in the markets, where the selling pressure has been evident. The market breadth was negative, with 1,018 stocks advancing compared to 1,311 stocks that declined, and 115 stocks remained unchanged.
Market experts are analyzing the key resistance and support levels for Nifty. According to Shrikant Chouhan, Head of Equity Research at Kotak Securities, if Nifty can manage to trade above 25,800 and 25,900-26,000, it could signal a potential rise. However, a fall below 25,600 could lead the index down to the range of 25,500-25,350.
Meanwhile, Gift Nifty, an early indicator for Nifty 50, suggested a flat to positive start with a gain of 31.5 points at 25,869. Foreign Institutional Investors (FIIs) showed continued interest, purchasing equities worth Rs 29.79 crore on February 4, while Domestic Institutional Investors (DIIs) maintained their buying streak with net purchases of Rs 249.54 crore.
Looking at the global scenario, Asian markets experienced a downturn as US stocks continued to decline amid a selloff in technology shares. Japan's Nikkei 225 fell by 491.36 points or 0.91%, trading at 53,802, while Hong Kong's Hang Seng dropped by 371.32 points. South Korea's Kospi also traded in the red, showing a decline of 199.29 points. In contrast, Shanghai's SSE Composite index saw a slight increase of 42.29 points or 1.03%.
In summary, the Indian equity market opened lower amid global fluctuations, with IT stocks under pressure. Investors are keenly watching key resistance levels for possible market direction in the coming days.
