Mumbai, February 05, 2026 – Indian benchmarks slipped on Thursday, with Nifty down 0.5% to 25,400 and Sensex declining 0.6% to 83,100, pressured by weak Q3 earnings from metals and aviation sectors amid renewed FII outflows (₹2,000 Cr net sell). At least 15 Nifty constituents closed in the red, led by sharp drops in Hindalco (down 3.61% to ₹930.10 on commodity price woes), Indigo (sliding 2.18% to ₹4,852.80 amid airline margin squeezes), and Tmpv (falling 2.12% to ₹367.50 on market pressures). This extends February's volatility, dragging the index amid global yield concerns and rural demand slowdown.
The losses highlight sector rotation away from cyclicals, with volumes average and decliners leading 1.5:1. Analysts eye potential rebounds if PMI data beats estimates next week, targeting Nifty 25,600 resistance.
Top Nifty Losers (Sorted by % Decline)
Snapshot of the day's biggest drags, per BSE/NSE data (as of Feb 05 close):
| Rank | Symbol | Open (₹) | High (₹) | Low (₹) | Prev. Close (₹) | LTP (₹) | % Change | Volume (Lakhs) | Value (₹ Cr) |
|---|---|---|---|---|---|---|---|---|---|
| 1 | HINDALCO | 943.15 | 943.15 | 923.70 | 964.95 | 930.10 | -3.61 | 15.33 | 1,433.16 |
| 2 | INDIGO | 4,845.00 | 4,882.70 | 4,780.30 | 4,960.70 | 4,852.80 | -2.18 | 5.35 | 2,595.12 |
| 3 | TMPV | 375.00 | 375.00 | 364.30 | 375.45 | 367.50 | -2.12 | 47.92 | 1,762.48 |
| 4 | ETERNAL | 291.10 | 294.85 | 288.35 | 294.15 | 288.75 | -1.84 | 100.97 | 2,941.85 |
| 5 | ASIANPAINT | 2,445.00 | 2,455.80 | 2,410.00 | 2,452.70 | 2,410.10 | -1.74 | 1.61 | 389.89 |
| 6 | BEL | 439.00 | 439.00 | 428.15 | 439.20 | 432.25 | -1.58 | 47.06 | 2,034.14 |
| 7 | AXISBANK | 1,352.00 | 1,378.70 | 1,352.00 | 1,363.70 | 1,370.00 | 0.46 | 100.54 | 13,779.45 |
| 8 | HDFCBANK | 928.00 | 928.30 | 913.20 | 920.35 | 917.10 | -0.35 | 296.46 | 27,226.55 |
| 9 | HDFCLIFE | 721.25 | 735.05 | 720.65 | 727.10 | 734.55 | 1.02 | 17.17 | 1,249.05 |
| 10 | ICICIBANK | 1,355.10 | 1,358.00 | 1,338.00 | 1,349.00 | 1,344.20 | -0.36 | 117.87 | 15,858.20 |
| 11 | ITC | 313.95 | 315.35 | 311.10 | 313.85 | 311.15 | -0.86 | 41.84 | 1,308.77 |
| 12 | KOTAKBANK | 411.00 | 413.95 | 408.60 | 412.35 | 408.80 | -0.86 | 68.40 | 2,811.64 |
| 13 | LT | 4,088.00 | 4,088.50 | 4,035.90 | 4,087.10 | 4,050.40 | -0.90 | 3.67 | 1,488.63 |
| 14 | RELIANCE | 1,457.00 | 1,461.50 | 1,442.00 | 1,456.80 | 1,445.10 | -0.80 | 24.67 | 3,575.20 |
| 15 | SBIN | 1,050.00 | 1,072.00 | 1,040.00 | 1,050.00 | 1,060.00 | 0.95 | 150.00 | 15,900.00 |
Key Spotlights:
- Hindalco's Metal Meltdown: Tanked 3.61% to ₹930.10, shedding ₹1,433 Cr in value on commodity volatility—volumes doubled.
- Indigo's Aviation Agony: Down 2.18% to ₹4,852.80 amid fuel cost hikes, losing ₹2,595 Cr; sector pain point.
- Tmpv's Market Pressure: Slid 2.12% to ₹367.50 on broader slowdown, wiping ₹1,762 Cr.
- Banking Blues: Kotakbank (-0.86% to ₹408.80) and ICICIBANK (-0.36% to ₹1,344.20) extended losses on NPA fears.
