{"id":1543,"date":"2026-02-04T22:43:42","date_gmt":"2026-02-04T17:13:42","guid":{"rendered":"https:\/\/newsaxis.com\/?p=1543"},"modified":"2026-02-04T22:43:43","modified_gmt":"2026-02-04T17:13:43","slug":"sensex-nifty-end-flat-after-2-day-rally","status":"publish","type":"post","link":"https:\/\/newsaxis.com\/?p=1543","title":{"rendered":"Sensex, Nifty end flat after 2-day rally"},"content":{"rendered":"\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"450\" height=\"300\" data-id=\"1544\" src=\"https:\/\/newsaxis.com\/wp-content\/uploads\/2026\/02\/sensex-3.png\" alt=\"\" class=\"wp-image-1544\" srcset=\"https:\/\/newsaxis.com\/wp-content\/uploads\/2026\/02\/sensex-3.png 450w, https:\/\/newsaxis.com\/wp-content\/uploads\/2026\/02\/sensex-3-300x200.png 300w\" sizes=\"auto, (max-width: 450px) 100vw, 450px\" \/><\/figure>\n<\/figure>\n\n\n\n<p>Mumbai, Indian equity markets closed almost flat on Wednesday, snapping a two-day rally, as a sharp fall in information technology (IT) stocks weighed on the benchmark indices.<\/p>\n\n\n\n<p>Investor sentiment turned cautious after fresh concerns about advances in artificial intelligence (AI) hit global software stocks.<\/p>\n\n\n\n<p>At the closing bell, the Nifty rose 48.45 points, or 0.19 per cent, to settle at 25,776.00. The Sensex gained 78.56 points, or 0.09 per cent, to end at 83,817.69.<\/p>\n\n\n\n<p>Nifty traded in a tight range today, broadly between 25,680 and 25,820, indicating continued consolidation, according to experts.<\/p>\n\n\n\n<p>\u201cThe index defended the 25,650\u201325,700 support zone, but faced supply near 25,800\u201325,850, where selling pressure capped the upside,\u201d an analyst stated.<\/p>\n\n\n\n<p>\u201cA sustained breakout above this resistance could lead to further upside towards 26,000+,\u201d an expert added.<\/p>\n\n\n\n<p>The biggest drag on the market was the Nifty IT index, which plunged 6 per cent. The fall came after software stocks on Wall Street declined sharply.<\/p>\n\n\n\n<p>The weakness followed the launch of a new productivity tool for in-house lawyers by AI startup Anthropic.<\/p>\n\n\n\n<p>Investors fear that rapid development of such AI tools could reduce demand for traditional software services and hurt profitability across the IT industry.<\/p>\n\n\n\n<p>Among the Sensex stocks, Infosys, TCS, HCLTech and Tech Mahindra were among the top losers. Banking stocks such as Axis Bank and Kotak Mahindra Bank also ended lower.<\/p>\n\n\n\n<p>On the other hand, shares of Eternal, Trent, NTPC, Power Grid and Adani Ports were among the top gainers.<\/p>\n\n\n\n<p>In the broader market, performance was relatively better. The Nifty MidCap index rose 0.63 per cent, while the Nifty SmallCap index gained 1.27 per cent.<\/p>\n\n\n\n<p>Apart from IT, the Nifty Pharma index also ended slightly lower, down 0.34 per cent. On the positive side, the Nifty Consumer Durable index led the gains with a rise of 2.6 per cent, followed by the Nifty Oil and Gas index, which climbed 2 per cent.<\/p>\n\n\n\n<p>Analysts said that while headline indices ended marginally higher, the sharp fall in IT stocks kept the market mood cautious amid growing concerns over the impact of AI-driven disruption on the technology sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai, Indian equity markets closed almost flat on Wednesday, snapping a two-day rally, as a sharp fall in information technology (IT) stocks weighed on the benchmark indices. Investor sentiment turned [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1544,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,20],"tags":[],"class_list":["post-1543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-display","has_thumb"],"_links":{"self":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/1543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1543"}],"version-history":[{"count":1,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/1543\/revisions"}],"predecessor-version":[{"id":1545,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/posts\/1543\/revisions\/1545"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=\/wp\/v2\/media\/1544"}],"wp:attachment":[{"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsaxis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}