Market Outlook Blog – 6 February 2026

🔔 Key Events to Watch Today RBI Credit Policy announcement at 10:00 AM Exchange Board Meeting (related to long-awaited IPO developments) US–Iran Nuclear Talks in Oman 🌏 Global Market Snapshot Global equity markets remain under pressure amid weak US job data, concerns around technology sector valuations, and cautious sentiment ahead of key central bank events. US Markets: US indices declined over 1%, with technology stocks leading losses. Rising capex by global tech majors and uncertainty around AI-driven growth weighed on sentiment. Asian Markets: Asian equities opened weak, tracking overnight losses in the US. Precious metals and base metals also witnessed sharp declines. Europe: European indices slipped around 1% each, impacted by weak global cues and earnings-related concerns. 🇮🇳 Indian Market Outlook Domestic markets are expected to open marginally lower amid weak global cues and cautious positioning ahead of the RBI policy outcome. GIFT Nifty indicates a gap-down opening. Market participants expect no change in interest rates, though liquidity measures such as a CRR cut remain a key hope. Traders are likely to remain range-bound, awaiting clarity on: RBI policy guidance India–US trade negotiation roadmap Despite short-term volatility, strong corporate earnings and structural reforms continue to support the medium- to long-term outlook. 🏦 Sector-wise View 🔹 Banking & Financials Focus remains on banks ahead of RBI policy. Liquidity-related announcements could drive near-term movement. PSU banks may stay in focus. 🔹 Capital Market & Exchange-linked Stocks Strong interest expected ahead of key board-level developments. Sector sentiment remains positive due to improving market participation. 🔹 Metals Weakness likely due to a sharp fall in global base metal prices. Short-term pressure expected. 🔹 Oil & Gas (OMCs) Falling crude prices are supportive for oil marketing companies. Sector outlook remains positive in the near term. 🔹 Auto & Auto Ancillaries Mixed performance; commentary-driven stocks likely to see selective action. 🔹 FMCG & Consumption Stable outlook with selective buying interest post-results. 📈 Technical View Nifty 50 Trend remains constructive above 25,500 Resistance: 25,800 → 26,000 Support: 25,500 → 25,350 Formation of an inside bar suggests consolidation. Bank Nifty Holding above 60,000 is crucial. Upside: 60,250 → 60,500 Downside: 59,750 → 59,500 🧮 Derivatives Insight PCR indicates cautious sentiment. Option data suggests: Immediate range: 25,300 – 26,300 Broader range: 24,800 – 26,800 FIIs remain net sellers, while DIIs continue to provide support. 🏭 Corporate & Sector Developments (Highlights) Infrastructure & Realty: Land acquisitions and capacity expansions remain positive. Energy & Power: Renewable and nuclear capacity discussions support long-term outlook. Automobiles & Manufacturing: Local production and capacity utilization improving. Healthcare & Pharma: Earnings-driven stock-specific action continues. Capital Goods: Order inflows and execution remain key triggers. 📅 Results Watch Today and upcoming sessions remain busy with earnings from sectors including: Metals & Cement Banking & Financial Services Consumer & Retail Capital Goods & Infrastructure Stock-specific volatility is expected around results. ⚠️ Disclaimer This blog is for educational and informational purposes only. We are not SEBI registered investment advisors or research analysts. The views expressed are based on publicly available information and market observations. This content does not constitute investment advice, stock recommendations, or solicitation to buy or sell any securities. Investors are advised to consult their financial advisor before making any investment decisions. Stock market investments are subject to market risks.