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Nifty extended losses for a fourth session, failing to reclaim the 200-DMA as bearish momentum persists. Analysts warn of downside below 25,700, while IT outperformed. Despite market weakness, technical setups suggest buying opportunities in stocks like TCS and Hindustan Zinc.
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RBI injected Rs 50,000 crore via open market purchases, amid bids and persistent liquidity deficit caused by advance tax outflows. Despite OMOs and a dollar-rupee swap, system liquidity stayed tight, with deficit continuing as government securities were bought across maturities.
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Bharti Airtel approved a first and final call of Rs 401.25 on partly paid rights shares, setting February 6, 2026 as record date. Proceeds will cut debt, potentially making India operations near net debt free despite short-term share price weakness.
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