NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on February 4

The Indian equity benchmarks are set to open lower on Wednesday, February 4, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad fell 22 points to 25,795 amid mixed cues from Asian markets.

The Indian equity benchmarks posted their best single-day performance since November 22, 2024, after the United States and India agreed on a trade deal under which Washington will bring down the reciprocal tariff on Indian goods to 18% from the current 25%.

The SENSEX climbed 2,073 points to close at 83,739 and the NIFTY50 index jumped 639 points or 2.55% to settle at 25,728.

Asian markets

Asian markets were trading on a mixed note on Wednesday as selloff in technology shares dragged US benchmarks indices.

Japan's Nikkei fell 0.67%, China's Shanghai Composite advanced 0.25%, Hong Kong's Hang Seng declined 0.45% and South Korea's KOSPI rose 0.74%.

Wall Street update

The US stock market sank in mixed trading on Tuesday, while gold and silver bounced higher after their latest sell-off.

Technology shares ended sharply lower with Nvidia and Microsoft declining nearly 3%. Tech heavy Nasdaq dropped 1.43%, S&P 500 index declined 0.84% and Dow Jones Industrial Average fell 0.34%.

FII/DII activity

Foreign institutional investors bought shares worth ₹5,236 crore on Wednesday while domestic institutional investors bought shares worth ₹1,014 crore, data from the National Stock Exchange showed.

The FIIs have so far this month bought shares worth ₹788 crore, according to the data from National Securities Depository Limited (NSDL).

Stocks to watch

While Air India's plane was waiting on the taxiway prior to take off, the IndiGo aircraft was taxiing after landing at the airport, which has parallel runways.

Both were Airbus A320 aircraft.

The company had reported a net profit of ₹4,308 crore in the year-ago period.

Total income rose to ₹21,215 crore for the third quarter of the ongoing fiscal year from ₹18,058 crore in the year-ago period, Bajaj Finance said in a regulatory filing.

The consolidated assets under management improved to ₹4,88,477 crore at the end of December 2025 compared to ₹3,98,043 crore in the third quarter of last year.

The revenue from operations tanked 24 per cent year-on-year to nearly Rs 406 crore, as per a BSE filing.

Triveni Turbine: Triveni Turbine on Tuesday posted a marginal 1% fall in consolidated net profit to ₹91.7 crore in the December quarter, on account of certain exceptional items.

"The consolidated PAT excluding exceptional items and share of result from JV (net of tax) stood at ₹1,043 million (₹104.3 crore) in Q3 FY 26 versus ₹926 million (₹92.6 crore) in Q3 FY25 (up by 12.76% YoY)," the company said in a statement.

Trade setup

On the technical front, the NIFTY50 closed above crucial 20,50 and 200 EMA levels on Tuesday, indicating a strong bullish reversal. However, the index faced selling pressure at 26,300 levels, indicating strong resistance in the near term.

On the options data front, the initial open interest buildup for 10 Feb expiry suggests that 26,000 calls hold the highest open interest, indicating a strong resistance. On the downside, the 25,500 puts hold the highest open interest, indicating a near-term support.