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Trendlyne Marketwatch
04 Feb 2026
Market closes higher on foreign fund inflows
By Trendlyne Analysis

 

Nifty 50 closed at 25,776 (48.5, 0.2%), BSE Sensex closed at 83,817.69 (78.6, 0.1%) while the broader Nifty 500 closed at 23,534.95 (88.7, 0.4%). Market breadth is ticking up strongly. Of the 2,617 stocks traded today, 1,732 were on the uptick, and 835 were down.

Indian indices closed higher after switching between gains and losses throughout the day. The Indian volatility index, Nifty VIX, fell 5% and closed at 12.3 points. India’s Services Purchasing Managers’ Index (PMI) rose to a two-month high of 58.5 in January from 58 in December, as steady new orders supported output growth.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher. S&P BSE Utilities and Nifty Consumer Durables were among the top index gainers today. According to Trendlyne’s sector dashboard, Hardware Technology & Equipment emerged as the best-performing sector of the day, with a rise of 3.6%.

Asian indices closed mixed. European indices are trading with varied trends. US index futures are trading flat as investors assess weak sentiment and AI impact on software stocks. With the jobs report delayed, investors are focusing on US services-sector data due today. Meanwhile, Federal Reserve Governor Stephen Miran resigned as an economic adviser to the White House. He was appointed by President Donald Trump last year.

  • Money flow index (MFI) indicates that stocks like Newgen Software, Syngene International, SBI Cards & Payment Services, and OneSource Specialty Pharma are in the oversold zone.

  • Tube Investments of India is rising sharply as its Q3FY26 revenue jumps 20.8% YoY to Rs 5,906.3 crore, driven by improvements in the power systems, industrial systems, and engineering segments. However, net profit falls 14.3% to Rs 165.9 crore due to higher raw materials and employee benefits expenses. It appears in a screener of stocks with rising net cash flow and cash from operating activities.

  • Bajaj Finserv's Q3FY26 net profit misses Forecaster estimates by 6%, remaining flat YoY at Rs 2,229.2 crore. Revenue jumps 23.9% YoY to Rs 39,708.1 crore, led by improvements in the life and general insurance segments. It appears in a screener of stocks with PE higher than industry PE.

  • Emcure Pharmaceuticals is rising as its Q3FY26 net profit jumps 50% YoY to Rs 230.5 crore, owing to foreign currency gains. Revenue grows 20.3% to Rs 2,365.3 crore, supported by improvements across segments in the domestic and international markets. It features in a screener of stocks with increasing profits over the past three quarters.

  • Shares of oil companies rise after reports of a fresh spike in crude prices amid rising US–Iran tensions, following the US shooting down an Iranian drone near an American aircraft carrier in the Arabian Sea. Brent and WTI crude prices are up about 13% so far this year, trading around $68 and $64 per barrel, respectively. Choice Equity Broking is bullish on ONGC, Oil India and BPCL, expecting up to 10% upside.

  • Bharat Heavy Electricals is rising as it secures an order worth Rs 1,200–1,500 crore from Hindalco Industries for the Aditya Expansion Project phase II in Odisha. The order involves setting up two 150 MW power units at Hindalco’s Aditya Aluminium facility.

  • Capacit'e Infraprojects surges as it receives an order worth Rs 445 crore from Great Value Realty for civil and structural work at the Great Value Ekanam project in Sector 107, Noida.

  • Tamilnad Mercantile Bank touches a new 52-week high of Rs 625.8 as its Q3FY26 net profit jumps 13.7% YoY to Rs 341.5 crore, led by lower provisions. Revenue grows 9.6% to Rs 1,665.4 crore, helped by an improvement in the retail banking segment. The bank's asset quality improves as its gross and net NPAs decline 41 bps and 21 bps, respectively.

  • Vipul Mathur, MD & CEO of Welspun Corp, projects FY26 EBITDA to exceed Rs 2,500 crore, with over 15% growth driven by Jal Jeevan Mission tailwinds and resolved supply issues. He says Sintex is on track to reach Rs 1,000 crore in revenue by FY27, reflecting post-acquisition integration and scaling in plastics and composites.

  • Devyani International rises sharply as its Q3FY26 revenue grows 11.3% YoY to Rs 1,440.8 crore. However, net losses widen to Rs 103.9 crore from Rs 4.9 crore last year due to higher employee costs, increased price of food ingredients and new labour codes. The firm appears in a screener of stocks where mutual funds increased their stake in past two months.

  • Kansai Nerolac Paints is falling as its Q3FY26 net profit plunges 82.2% YoY to Rs 121.4 crore due to the impact of new labour codes and a higher base from a one-time gain in Q3FY25. However, revenue grows 2.7% to Rs 2,017.2 crore, supported by an improvement in the industry segment. It shows up in a screener of stocks with low Piotroski scores.

  • Pidilite Industries is rising as its Q3FY26 net profit grows 11.9% YoY to Rs 618 crore. Revenue increases 10.1% to Rs 3,709.9 crore, driven by higher sales in the consumer & bazaar segment during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • India’s Services PMI for January rises to a two-month high of 58.5 from 58 in December, signaling sustained momentum in the sector. Strong output growth was supported by steady new orders, including higher international demand from South and Southeast Asia.

  • Sheela Foam surges over 14% as its Q3FY26 net profit jumps 3.1x YoY to Rs 52.1 crore, helped by lower manufacturing and finance costs. Revenue grows 11.8% to Rs 1,090.1 crore, driven by higher domestic and export sales. It features in a screener of stocks with increasing book value over the past two years.

  • NBCC is rising as it receives construction work orders worth about Rs 271.3 crore. The projects include ICMAI buildings at Chandigarh, Ranchi and Baroda, a headquarters building at Lodhi Road, a centre of excellence in Jaipur, and a Namami Ganga Aquarium project in Rishikesh.

  • The Reserve Bank of India approves the appointment of Vinay Muralidhar Tonse as Yes Bank’s managing director (MD) and chief executive officer (CEO) for a three-year period from his date of appointment.

  • Indian IT stocks such as TCS, Infosys and Tech Mahindra fall sharply, tracking steep losses in US-listed software and SaaS stocks. Concerns over AI-driven disruption to traditional software business models weighed on global tech sentiment.

  • Hindustan Aeronautics is falling sharply as reports emerge that the company will not be shortlisted to manufacture prototypes of the stealth combat aircraft.

  • DLF enters an agreement with Srijan Group to sell DLF TechPark II and a land parcel in Kolkata for Rs 669.9 crore.

  • Varroc Engineering surges as it secures a $48 million (Rs 439.1 crore) deal with a global electric vehicle maker to supply AC bi-directional wall chargers.

  • Jefferies maintains a 'Buy' rating on Reliance Industries with a higher target price of Rs 1,820. The brokerage points to the stock’s undervaluation in retail and FMCG segments amid current market pessimism. It flags potential catalysts such as Jio’s upcoming IPO, a recovery in retail growth and value discovery in FMCG, noting the stock has rebounded five times from similar lows over the past five years.

  • Lloyds Metals & Energy surges over 13% as its Q3FY26 net profit jumps 169.1% YoY to Rs 1,047.4 crore, led by inventory destocking. Revenue grows 3x to Rs 5,155.3 crore, supported by improvements in the mining, steel and mine developer & operator (MDO) segments. The company's board of directors approves increasing pellet capacity by 2 million tonnes per annum (MTPA) and setting up a new slurry pipeline with a capex of Rs 8,300 crore.

  • V2 Retail is rising as its Q3FY26 net profit surges 99.4% YoY to Rs 102.1 crore, owing to lower raw materials, inventory and jobwork expenses. Revenue jumps 57.6% to Rs 933.5 crore, driven by new store additions and higher same-store sales growth. The company's board of directors approves a 10-for-1 stock split of equity shares.

  • JK Lakshmi Cement plunges as its Q3FY26 net profit declines 4.2% YoY to Rs 56.9 crore due to new labour codes. However, revenue increases 6.1% to Rs 1,588.4 crore, driven by higher sales volume from steady demand in infrastructure projects and the housing sector. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past two months.

  • Mankind Pharma is rising as its Q3FY26 net profit grows 7.5% YoY to Rs 408.8 crore, helped by lower finance costs. Revenue increases 10.5% to Rs 3,567.2 crore, driven by strong domestic demand for chronic therapies during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Nifty 50 was trading at 25,734.25 (6.7, 0.0%), BSE Sensex was trading at 83,443.94 (-295.2, -0.4%), while the broader Nifty 500 was trading at 23,442.80 (-3.5, 0.0%).

  • Market breadth is in the green. Of the 2,105 stocks traded today, 1,094 were in the positive territory and 944 were negative.

Riding High:

Largecap and midcap gainers today include Lloyds Metals & Energy Ltd. (1,285.50, 10.0%), Adani Power Ltd. (155.29, 8.1%) and IDBI Bank Ltd. (109.16, 6.8%).

Downers:

Largecap and midcap losers today include Infosys Ltd. (1,535.80, -7.3%), Tata Consultancy Services Ltd. (2,999.10, -7.0%) and Coforge Ltd. (1,613.90, -5.7%).

Volume Rockets

25 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Sheela Foam Ltd. (601.30, 14.8%), BLS International Services Ltd. (289.35, 12.4%) and Lloyds Metals & Energy Ltd. (1,285.50, 10.0%).

Top high volume losers on BSE were Infosys Ltd. (1,535.80, -7.3%), Tata Consultancy Services Ltd. (2,999.10, -7.0%) and Coforge Ltd. (1,613.90, -5.7%).

Devyani International Ltd. (123.26, 6.2%) was trading at 12.5 times of weekly average. Emami Ltd. (489.25, 1.3%) and Cera Sanitaryware Ltd. (5,184.10, 0.7%) were trading with volumes 9.3 and 8.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

8 stocks overperformed with 52 week highs, while 5 stocks hit their 52 week lows.

Stocks touching their year highs included - Adani Ports & Special Economic Zone Ltd. (1,567.90, 2.4%), AIA Engineering Ltd. (4180, 3.5%) and Ashok Leyland Ltd. (200.92, 0.5%).

Stocks making new 52 weeks lows included - Wipro Ltd. (233.34, -3.9%) and KPIT Technologies Ltd. (981.40, -0.9%).

38 stocks climbed above their 200 day SMA including Gabriel India Ltd. (968.90, 7.4%) and Power Finance Corporation Ltd. (414.60, 5.6%). 13 stocks slipped below their 200 SMA including Sai Life Science Ltd. (810, -7.9%) and Infosys Ltd. (1,535.80, -7.3%).

 
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