Nifty Closes Above 25,750, Sensex Gains: Broader Markets Outperform as IT Slides

• Indian equity benchmarks, Sensex and Nifty, extended gains for the second consecutive day, closing at a three-week high on Wednesday, February 4.
• The Nifty ended at 25,776, comfortably above the 25,750 mark, while the Sensex settled at 83,818, supported by heavyweight stocks and strong broader market performance.
• Reliance Industries and private sector banks led the gains, with the Nifty Bank index outperforming by advancing 197 points to 60,238.
• The IT sector experienced a sharp sell-off, with the Nifty IT index falling 5% due to concerns over the Anthropic AI tool; Infosys, TCS, and HCL Tech were among the top laggards.
• Broader markets, including midcap indices, continued their strong run, and foreign and domestic institutional investors remained net buyers.