Nifty Closes Above 25,750, Sensex Gains: Broader Markets Outperform as IT Slides
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CNBC TV18•04-02-2026, 22:32
Nifty Closes Above 25,750, Sensex Gains: Broader Markets Outperform as IT Slides
- •Indian equity benchmarks, Sensex and Nifty, extended gains for the second consecutive day, closing at a three-week high on Wednesday, February 4.
- •The Nifty ended at 25,776, comfortably above the 25,750 mark, while the Sensex settled at 83,818, supported by heavyweight stocks and strong broader market performance.
- •Reliance Industries and private sector banks led the gains, with the Nifty Bank index outperforming by advancing 197 points to 60,238.
- •The IT sector experienced a sharp sell-off, with the Nifty IT index falling 5% due to concerns over the Anthropic AI tool; Infosys, TCS, and HCL Tech were among the top laggards.
- •Broader markets, including midcap indices, continued their strong run, and foreign and domestic institutional investors remained net buyers.
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