Market Snapshot: Wednesday, February 4, 2026 **Indian Indices Flat Amidst Sector Rotation** Indian equity benchmarks opened on a muted note today, balancing positive domestic economic data against global headwinds. As of mid-morning, the **Nifty 50** is trading near **25,720**, hovering around the flatline, while the **Sensex** is seeing similar consolidation near **83,650**. The broader sentiment remains cautiously optimistic following the recent India-US trade deal announcement, though profit-booking in specific pockets is capping gains. **Sector Watch: IT Drags, Banks Support** A clear divergence is visible across sectors. Information Technology stocks are witnessing significant selling pressure, tracking a global tech sell-off; major heavyweights like Infosys and TCS are trading in the red. Conversely, the **Bank Nifty** is outperforming, trading firmly above **60,200**, supported by private lenders and PSU banks. Energy and FMCG stocks, including ONGC and ITC, are also providing essential support to the indices. **Economic Indicators: Services PMI Surges** On the macro front, India’s economic activity shows resilience. The **Services PMI** for January has climbed to a two-month high of **58.5**, up from the previous month, signaling robust demand and expansion in the service sector. The Composite PMI also strengthened to **58.4**, reinforcing the domestic growth narrative despite external volatility. **Global Signals: Asia Rebounds, US Futures Steady** Global cues are mixed to positive. Asian markets are staging a strong recovery today, with Japan’s **Nikkei 225** surging nearly **3.9%** and China's **Shanghai Composite** adding **1.3%**. US index futures are trading with marginal gains, suggesting a stable start for Wall Street later today after the recent tech-led correction. **Commodities & Currency** Crude oil prices remain stable with Brent hovering around **$67.80** per barrel. Gold prices are seeing mild traction. The Indian Rupee is holding steady, supported by foreign inflows related to the trade pact optimism.