GIFT Nifty Up 0.09% on Feb 5, 2026: How Is the Indian Stock Market Likely to Open Today?

Indian equity markets are likely to open on a muted note on Thursday, following mixed global cues and persistent selling pressure in global technology stocks.

Domestic benchmarks had ended Wednesday’s session with their third consecutive day of gains, though volatility in the technology pack capped upside momentum. Market participants are expected to remain selective, with stock-specific action dominating trade as the Q3 earnings season gathers pace.

The early indicator for the Nifty 50, GIFT Nifty, was trading slightly higher during early morning hours. As of around 7:15 AM, GIFT Nifty was up 19 points, or 0.09%, suggesting a flat-to-muted start for domestic equities.

Indian Market Recap: Previous Session

Indian equity benchmarks extended their winning streak for a third straight session on Wednesday, supported by selective buying across sectors despite heightened volatility in technology stocks.

However, the IT space witnessed sharp selling pressure, weighing on overall sentiment and limiting broader market gains.

Global Market Cues

Asian equity markets traded sharply lower on Thursday as the selloff in global technology stocks intensified. Investor concerns over valuations and growth prospects continued to weigh on sentiment.

South Korea’s Kospi was down around 2%, while Hong Kong’s Hang Seng index declined nearly 1.7%, at last check, reflecting broad-based weakness across the region.

Wall Street Recap

US equity markets closed lower overnight, led by heavy losses in technology stocks. The Nasdaq 100 recorded its worst two-day decline since October and slipped below its 100-day moving average, as per Bloomberg data.

• S&P 500: down 0.51%
• Nasdaq Composite: down 1.51%

The sharp decline in US tech stocks has heightened risk aversion globally.

Sector Watch: IT Stocks in Focus

All eyes will be on India’s Nifty IT index after it witnessed its worst single-day performance in over six years in the previous session, tracking a global technology selloff. Further volatility in the IT space could influence overall market direction today.

Read More: Finance Bill 2026 Tightens Rules for Updated Income‑Tax Returns Amid Reassessments.

Conclusion

Indian stock markets are expected to open on a muted note today, with marginal gains in GIFT Nifty offset by weak global cues and continued pressure on technology stocks. Asian market losses, overnight weakness on Wall Street, and stock-specific action driven by Q3 earnings are likely to keep investors cautious during the session.

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