TLDR
Market Recap: February 06, 2026
On February 06, Indian equities ended higher after late buying, with policy clarity from the RBI and a US-India trade deal narrative offsetting the week’s tech-led risk-off tone. The BSE Sensex closed at 83,580.40 (+266.47, +0.32%) and the NSE Nifty 50 at 25,693.70 (+50.90, +0.20%), while broader breadth stayed soft with Nifty Midcap 100 near-flat at 59,502.70 (-0.02%) and Nifty Smallcap 100 lower at 16,938.65 (-0.27%). Volatility cooled as India VIX fell to 11.94 (-1.86%), keeping risk premia contained even as leadership remained selective.
Key Drivers :
RBI holds at 5.25%, stays watchful: The central bank kept policy steady while flagging rising external headwinds, anchoring rates expectations, and supporting late-session bids.
Trade-deal optimism offsets budget overhang: Markets looked through the proposed derivatives STT noise as the US-India trade deal narrative improved sentiment into the week’s close.
Rotation stays narrow, breadth weak: Cyclical and defensives carried the indices, but broader participation lagged, keeping the advance-decline skew negative despite benchmark gains.
Today’s Top Stories:
Tata Steel: Q3 profit beat on strong volumes; pricing remains the swing factor despite safeguards support.
MRF: Profit more than doubled, and margins expanded; stock ripped higher as execution stayed clean.
Crompton: Profit fell due to higher spending and a labour-code charge; investors punished the margin pressure.
Sula: Profit dropped due to weak demand and higher costs, but the stock held up because expectations were already low.
Biopol IPO: SME issue opened with flat GMP; subscription traction is the only near-term catalyst.
Market Snapshot
Nifty 50 Index Heatmap
Top Gainers & Losers
TOP STORIES
1. Tata Steel beats on volumes, pricing is still the hinge
Print: Q3 profit jumped as higher volumes offset weak prices; revenue grew mid-single digits.
So what: Domestic deliveries rose double digits; safeguards and recent price rebound could support near-term spreads.
Tape: Stock stayed cautious as investors want durable price discipline and European performance clarity.
Tata Steel beat on volumes, but prices remain the swing factor. Your take?
2. MRF doubles profit, margin expansion triggers a rerate
Print: Q3 profit more than doubled; EBITDA margin expanded sharply on better realizations and cost control.
So what: Dividend signal reinforced balance-sheet strength; tyre cycle looks supportive with steady demand.
Tape: Shares jumped about 9% intraday as investors paid up for clean execution.
MRF delivered a big margin expansion and the stock jumped. Your stance?
3. Crompton hit by ad spend and one-off labour code charge
Print: Q3 profit fell as advertising and distribution spending rose; revenue still grew in high single digits.
So what: One-time labour code charge added pressure; Butterfly turnaround spending remains a near-term margin drag.
Tape: Stock weakened as the market punished cost-led misses in consumer durables.
$CROMPTON.NSE ( ▼ 1.26% )
Crompton profit fell on ad spend and a labour code charge. How do you read it?
4. Sula profit slumps on demand softness, costs rise
Print: Q3 profit dropped sharply, with revenue down; weaker demand and higher costs hit margins.
So what: Wine tourism grew strongly, but not enough to offset core brand pressure this quarter.
Tape: Shares held slightly higher as expectations were low and investors looked for demand normalization.
Sula profit dropped on weaker demand and higher costs. What matters next?
5. Biopol Chemicals SME IPO opens flat, GMP muted
Issue: SME IPO opened today to raise about ₹31 crore; closes Feb 10, listing expected Feb 13.
So what: Grey market premium near zero implies cautious listing expectations unless subscription accelerates.
Tape: Watch retail and HNI subscription trend; SME demand is highly liquidity-sensitive.
Biopol SME IPO opened with flat GMP. Your view on listing outcome?
GYAANI HOT TAKES
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