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Markets bounce back in green during late afternoon deals
Feb-06-2026

Indian equity markets have bounced back to trade in positive territory during late afternoon deals. Investors were sanguine about the country’s growth as the Reserve Bank of India revised upwards GDP growth forecast for the first quarter of the next fiscal year to 6.9% and 7% for the subsequent three months on the back of trade deals, GST rationalisation, and robust farm output. In its December monetary policy meeting, RBI had projected real GDP growth for the June quarter of 2026-27 at 6.7% and 6.8% for the July-September period. Meanwhile, FMCG stocks showed significant strength, with BSE FMCG index surging 1.65%, on the back of strong gains in stocks ITC and Godfrey Phillips India following reports indicating that firms have revised upward prices of cigarette packets. On the global front, Asian and European markets were trading mostly in red tracking negative cues from Wall Street overnight.  

The BSE Sensex is currently trading at 83400.63, up by 86.70 points or 0.10% after trading in a range of 82925.35 and 83457.76. There were 13 stocks advancing against 17 stocks declining on the index.

The top gaining sectoral indices on the BSE were FMCG up by 1.65%, Telecom up by 0.53%, Power up by 0.29%, Realty up by 0.22% and Consumer Durables up by 0.16%, while IT down by 1.68%, Healthcare down by 0.72%, PSU down by 0.69%, TECK down by 0.56%, Auto down by 0.55% were the top losing indices on BSE.

The top gainers on the Sensex were ITC up by 4.34%, Kotak Mahindra Bank up by 3.01%, Hindustan Unilever up by 2.20%, Bharti Airtel up by 2.04% and Bajaj Finance up by 1.53%. On the flip side, TCS down by 2.17%, Tech Mahindra down by 2.11%, Adani Ports & SEZ down by 1.86%, Asian Paints down by 1.32% and SBI down by 1.31% were the top losers.

Meanwhile, the government is aiming to provide a more predictable, inclusive and future-ready policy environment for founders, with recent revision of the startup recognition framework to further strengthen the Startup India Action Plan. One of the key revisions to the startup recognition criteria is the enhancement of turnover threshold for startup recognition. The turnover limit for recognition as a startup has been increased from Rs 100 crore to Rs 200 crore.

Besides, a new sub-category of ‘Deep Tech Startup’ has been introduced for entities working on cutting-edge and breakthrough technologies. In recognition of the long gestation periods, high research and development intensity, and capital-intensive nature of deep technology enterprises, the eligibility criteria for this category have been expanded, with the age limit extended from 10 years to 20 years from the date of incorporation or registration, and the turnover limit enhanced to Rs 300 crore.

To promote innovation-driven growth at the grassroots level in agriculture, allied sectors, rural industries and community-based enterprises, startup recognition eligibility has been extended to cooperative entities. Accordingly, Multi-State Cooperative Societies registered under the Multi-State Cooperative Societies Act, 2002, as well as Cooperative Societies registered under State and Union Territory Cooperative Acts, are now eligible for startup recognition, subject to fulfilment of other applicable criteria.

The updated criteria are expected to expand access to startup benefits for research- and innovation-driven enterprises, provide targeted support to deep tech ventures requiring extended development timelines, enable cooperatives to drive innovation in agriculture and rural development, and further strengthen India’s position as a global hub for high-technology and knowledge-intensive entrepreneurship.

The CNX Nifty is currently trading at 25631.55, down by 11.25 points or 0.04% after trading in a range of 25491.90 and 25657.90. There were 16 stocks advancing against 34 stocks declining on the index.

The top gainers on Nifty were ITC up by 4.43%, Kotak Mahindra Bank up by 2.87%, Hindustan Unilever up by 2.18%, Bharti Airtel up by 2.11% and Bajaj Finance up by 1.48%. On the flip side, HDFC Life Insurance down by 2.87%, TCS down by 2.12%, Tech Mahindra down by 2.08%, Adani Ports & SEZ down by 1.75% and Bajaj Auto down by 1.54% were the top losers.

Asian markets are trading mostly in red; Taiwan Weighted lost 18.35 points or 0.06% to 31,782.92, Hang Seng declined 358.24 points or 1.35% to 26,527.00, Straits Times fell 41.79 points or 0.84% to 4,934.08, KOSPI dropped 74.43 points or 1.46% to 5,089.14, Shanghai Composite weakened 10.34 points or 0.25% to 4,065.58 and Jakarta Composite plunged 206.72 points or 2.62% to 7,897.16, while Nikkei 225 surged 365.96 points or 0.68% to 54,184.00.

European markets were trading mostly in red; UK’s FTSE 100 decreased 33.27 points or 0.32% to 10,275.95 and France’s CAC fell 55.67 points or 0.68% to 8,182.50, while Germany’s DAX gained 27.44 points or 0.11% to 24,518.50.
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