Indian equity markets ended the February 4 session with marginal gains, but the headline indices masked sharp selling pressure in several heavyweight stocks. The Sensex closed higher by 0.09% at 83,817.69, while the Nifty 50 settled up 0.19% at 25,776.00. Despite the positive close, technology and select banking names dominated the list of Nifty 50 top losers for the day.
Among the worst performers was Infosys, which closed at ₹1,535.8 after falling 7.3%. The stock saw heavy selling and emerged as the biggest drag on the index during the session.
Tata Consultancy Services also witnessed a sharp decline, ending the day at ₹2,999.1, down 7.0%. The fall added to the overall weakness seen across large-cap IT stocks.
HCL Technologies slipped 4.3% to close at ₹1,621.8, reflecting continued pressure in the technology pack. Similarly, Tech Mahindra declined 4.2% and settled at ₹1,645.3, extending losses for the sector.
Wipro ended lower by 3.9% at ₹233.3, rounding off a weak trading day for IT majors, which collectively weighed on the Nifty despite gains elsewhere.
Outside the IT space, Axis Bank closed at ₹1,338.7, down 1.3%, while ITC slipped 0.9% to ₹313.9, continuing its subdued trend.
Kotak Mahindra Bank ended the session at ₹412.4, lower by 0.8%. Defensive names also saw mild cuts, with Nestle India closing 0.4% lower at ₹1,303.2 and Tata Consumer Products easing 0.2% to ₹1,153.0.
