Stock Market Today: Bulls stay in control after 3-day rally; Sensex above 84,400, Nifty reclaims 26,000

Stock Market Today: Indian equity benchmarks opened marginally higher on Wednesday, tracking steady global cues and selective buying in frontline stocks.

At 9:16 AM, the BSE Sensex was at 84,396.13, up 122.21 points, or 0.15 per cent. The index opened at 84,339.15 against its previous close of 84,273.92.

The Nifty 50 was trading at 25,975.55, higher by 40.40 points, or 0.16 per cent. The index opened at 25,997.45 compared with its previous close of 25,935.15.

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Broader markets mixed; breadth positive

The broader indices showed a mixed trend at the open. The BSE Midcap Select Index rose 8.38 points, or 0.05 per cent, in early trade. However, the BSE Smallcap Select Index slipped 10.79 points, or 0.14 per cent, to 7,908.71.

Market breadth remained firmly positive. On the NSE, 1,905 stocks advanced, compared with 420 declines, while 88 stocks remained unchanged. This indicated broader participation in the ongoing rally.

Titan leads gainers; Trent among laggards

From the Sensex pack, Titan, Mahindra & Mahindra, Tata Steel, Maruti and NTPC were among the top gainers. Titan led the gains, rising 1.57 per cent in early trade.

On the other hand, Trent, HDFC Bank, BEL, UltraTech Cement and ITC were among the losers. Trent slipped 0.32 per cent in the opening session.

Wall Street ends mixed

US markets closed mixed overnight.
The S&P 500 slipped 0.33 per cent and the Nasdaq Composite fell 0.59 per cent.
The Dow Jones Industrial Average rose 0.10 per cent to notch its third straight record close.

Investor sentiment was weighed down after US retail sales data for December showed no growth, missing expectations of a 0.4 per cent monthly increase. Markets are now awaiting key labour market data for further cues.

Gift Nifty signals firm start

Gift Nifty, an early indicator for the Nifty 50, signalled a positive opening. It was up 71 points at 26,032.50, compared with the previous close of 25,961.50.

Foreign institutional investors (FIIs) remained net buyers, purchasing equities worth Rs 69.45 crore on February 6, 2026. Domestic institutional investors (DIIs) bought equities worth Rs 1,174.21 crore.

Asian markets rally

Asian markets traded firmly in the green. Japan’s Nikkei 225 surged 1,286.60 points, or 2.23 per cent, to 57,650.54. Hong Kong’s Hang Seng added 119.85 points, while South Korea’s Kospi gained 63.03 points. Shanghai’s SSE Composite Index was up 0.22 per cent in early trade.

Strong global cues and sustained institutional buying are likely to keep sentiment supported, with the 26,000 mark on the Nifty emerging as the key level for traders in the near term.