Sensex-Nifty Close with Slight Gains; Experts Predict February 5 Market Trends
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Moneycontrol•04-02-2026, 16:30
Sensex-Nifty Close with Slight Gains; Experts Predict February 5 Market Trends
- •Indian benchmark indices, Sensex and Nifty, closed with marginal gains on February 4 despite volatility and selling in IT stocks.
- •Nifty recovered from an early low of 25,563.95, while broader markets (Midcap and Smallcap) outperformed large-caps.
- •Experts like Vinod Nair noted investor nervousness due to US-Iran tensions and weakness in IT stocks over AI concerns, but saw value buying in mid- and small-caps.
- •Anuj Singhal advises hedging positions after a three-day rally, focusing on quality mid-caps and maintaining distance from IT stocks.
- •Sudeep Shah identifies Nifty's immediate resistance at 25,950–26,000 and support at 25,600–25,550; Bank Nifty resistance at 60,500–60,600 and support at 59,800–59,700.
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