**Global Market Brief | February 4, 2026** **Global Markets: Tech Sell-Off Weighs on Sentiment** **US Markets Slide on AI Fears** Wall Street closed firmly in the red on Tuesday, driven by a sharp sell-off in technology stocks. Investors expressed growing concern that new artificial intelligence tools could disrupt established software models, eroding pricing power. * **Nasdaq Composite:** **23,255** (▼ 1.43%) * **S&P 500:** **6,917** (▼ 0.84%) * **Dow Jones:** **49,240** (▼ 0.34%) **Mixed European & Asian Sessions** European markets finished mixed, with the **Stoxx 600** edging up **0.1%** to **617.93** as mining stocks recovered. In Asia, indices tracked US losses, with caution prevailing ahead of key economic data from China and New Zealand. **India Market Update: Opening Trends** **Indices Open in Red** Indian benchmarks **Nifty 50** and **Sensex** opened lower on Wednesday, snapping a rally fueled by the recent India-US trade deal. Profit booking and negative global cues, particularly the US tech rout, dragged sentiment. * **Nifty 50:** Trading near **25,670** (▼ 0.22%) * **Sensex:** Hovering around **83,470** (▼ 0.32%) **Sector Watch: IT & PSUs** * **IT Sector:** Heavyweights like **Infosys**, **TCS**, and **Wipro** faced significant pressure, mirroring the tech slide on Wall Street. * **PSU Earnings:** Focus remains on Public Sector Undertakings as **NHPC** and **RITES** are set to announce Q3 results today, with profit growth expectations ranging between **9–18%**. **Commodities & Currency** **Gold Breaks $5,000 Barrier** Precious metals staged a strong recovery following a recent sell-off. Gold prices extended gains, firmly breaking past the historic **$5,000/oz** mark, driven by renewed safe-haven demand and bargain hunting. * **Gold:** **~$5,064** per ounce (▲ 2.38%) * **Silver:** **~$87.38** per ounce (▲ 2.69%) **Oil Markets Stable** Crude oil prices ticked higher, supported by geopolitical uncertainties and steady demand forecasts. * **Brent Crude:** **$67.74** per barrel * **WTI Crude:** **$63.68** per barrel **Crypto Volatility** Bitcoin remains volatile, trading around **$76,415** (+1.04%), though some analysts flag it remains in a broader bear market, down significantly from its October peaks. **Corporate & Economic Movers** **Stocks in Focus** * **Adani Enterprises:** Announced a strategic partnership with Italian defense major **Leonardo** to manufacture helicopters in India. * **Bajaj Finance:** Reported a **6% decline** in consolidated net profit to **₹4,066 crore** for Q3, missing some street estimates despite AUM growth. * **Trent & Tata Power:** slated to release earnings today. **Economic Outlook** Traders are looking ahead to the **RBI Monetary Policy** announcement on February 6. Expectations lean towards a status quo on rates, with the central bank likely adopting a dovish tone as inflation remains within tolerance bands.