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India’s equity markets saw strong sectoral momentum with the Nifty Pharma index up 3%, Nifty Auto rising 3.3%, and Nifty IT climbing 3.6% in early trade. The broad-based rally reflects investor optimism across healthcare, automotive, and technology sectors, signaling confidence in India’s growth outlook and corporate performance.
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Indian equities opened with robust gains across major sectoral indices on February 3, 2026. The Nifty Pharma (.NIPHARM), Nifty Auto (.NIFTYAUTO), and Nifty IT (.NIFTYIT) indices all posted significant advances, underscoring strong investor sentiment and sector-specific momentum.
Key Highlights
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Pharma Surge: Nifty Pharma rose 3%, driven by optimism in healthcare and drug innovation.
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Auto Strength: Nifty Auto climbed 3.3%, reflecting strong demand outlook and positive earnings expectations.
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Tech Rally: Nifty IT advanced 3.6%, supported by global technology trends and resilient export demand.
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Broad-Based Gains: The simultaneous rise across sectors highlights diversified investor confidence in India’s economy.
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Market Outlook: Analysts suggest continued strength if earnings momentum and global cues remain favorable.
The rally across pharma, auto, and IT sectors demonstrates the resilience of India’s equity markets, with investors positioning for growth opportunities across diverse industries.
Sources: Reuters (RTRS), National Stock Exchange of India (NSE).
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