Weekly market update, Feb 06, 2026

Indian equity markets ended the volatile week with healthy gains, as bullish momentum resurfaced with supportive global and domestic triggers outweighing initial Budget-related concerns. The announcement of the India–US trade deal sparked a strong recovery, helping markets absorb the early weakness following the increase in STT on derivatives in Budget 2026–27. Sentiment improved further after the RBI kept policy rates unchanged and revised its GDP growth estimates upward. As a result, Key benchmark indices BSE SENSEX and Nifty 50 gained 3.54% and 3.50% respectively. The broader market indices, BSE 100 Midcap and BSE 250 Smallcap indices gained 3.74% and 2.48% respectively. On the BSE sectoral front, most sectoral indices gained. Metal was the major gainer, up 5.37%, followed by Auto and FMCG, up 5.26% and 3.66%, respectively. While the BSE IT index was a major laggard, down 6.80%.

Looking ahead, the coming week is set to be significant for India’s economy and financial markets, marked by key data releases, corporate earnings, IPO activity, and parliamentary developments. A major highlight is the launch of the new Consumer Price Index (CPI) series with a 2024 base year on Thursday. This update replaces the existing 2012 base year, which no longer reflects current consumption patterns. Geopolitical developments will also remain in focus, particularly the ongoing negotiations between the US and Iran.

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