Mumbai, February 4, 2026
The Indian equity markets are witnessing heightened volatility on Wednesday, February 4, 2026, a day after benchmark indices posted a historic surge of over 2,000 points on the Sensex, driven by optimism around the India–US trade agreement.
However, mixed global cues and a sharp sell-off in US technology stocks are prompting analysts to advise caution in today’s session. Market participants are closely tracking sector-specific movements and technical levels amid expectations of profit booking after Tuesday’s sharp gains.
Key Stocks to Watch Today
Ather Energy
After rallying nearly 11% in the previous session, Ather Energy remains in focus. Market experts indicate a short-term bullish trend, with a ‘Buy’ recommendation around ₹676, citing strong momentum and rising investor interest.
IT Stocks: Infosys, Wipro, Tata Consultancy Services
Indian IT stocks may remain under pressure today after weakness in US software stocks overnight. Concerns around AI-led disruption, coupled with cautious global tech sentiment, are weighing on the sector.
Aditya Birla Capital
Shares of Aditya Birla Capital are expected to stay in focus after the company reported a 41% jump in net profit to ₹983 crore, reflecting strong operational performance and improved margins.
Bajaj Finance
Bajaj Finance could see increased volatility after reporting a decline in net profit, which may trigger cautious trading and short-term selling pressure.
Market Levels and Trading Strategy
Nifty 50 Technical Outlook
Key Support: 25,500
Immediate Resistance: 25,800
Upper Resistance Zone: 26,000
A decisive move above resistance could extend gains, while a break below support may lead to short-term correction.
GIFT Nifty Signals
Early indications from Gift Nifty suggest a flat to mildly negative start, reflecting the impact of overnight selling in global tech stocks.
What Investors Should Keep in Mind
Profit Booking Likely: After Tuesday’s sharp rally, selective profit-taking cannot be ruled out.
Sectoral Focus: Export-oriented sectors and real estate continue to benefit from optimism around the India–US trade deal.
Risk Management: Brokerage firms Angel One and Sharekhan advise investors to avoid aggressive positions, stay disciplined, and define stop-loss levels amid rising volatility.
Market Outlook
Analysts believe that while the medium-term outlook remains constructive, near-term movements may stay volatile due to global cues and profit booking. Investors are advised to remain selective, track global markets closely, and prioritize risk management in today’s session.
