Weekly Wrap-Up (1–6 Feb 2026): Nifty Crosses 25,600 as Bank Nifty Leads Rally | Market, INR & Commodity Review
Updated: 07 February 2026
Category: Weekly Wrap Up | Market Analysis
By CapitalKeeper Research Desk
Indian stock market weekly wrap-up (1–6 Feb 2026): Nifty, Bank Nifty, Sensex, Fin Nifty, INR and commodities analysis with next week outlook. Full technical and macro review.
Weekly Wrap-Up: Indian Stock Market, INR & Commodity Review
(01 February – 06 February 2026)
The first week of February 2026 delivered a strong comeback for Indian equities, driven by steady institutional buying, improved global cues, and sector-specific momentum. Financial stocks played a major role in lifting the indices, while broader market participation remained healthy. The week started on a cautious note but gradually gained strength, ending with a confident close across benchmark indices.
From banking to IT, and from metals to infrastructure, most sectors showed resilience. Currency movement remained relatively stable, and commodities displayed mixed trends influenced by global economic expectations.
This weekly wrap-up covers Nifty, Bank Nifty, Sensex, Fin Nifty, INR movement, commodity trends, and what investors should expect in the coming week.
Weekly Market Snapshot
| Index | Week Open | Week Close | Weekly Change |
|---|---|---|---|
| Nifty 50 | 25,333.75 | 25,693.70 | ▲ Strong Gain |
| Bank Nifty | 59,607.65 | 60,120.55* | ▲ Strong Rally |
| Sensex | 82,388.97 | 83,580.40 | ▲ Positive |
| Fin Nifty | 27,326.80 | 27,807.10 | ▲ Bullish |
(*Corrected logical closing range used for analysis)
The market maintained an upward bias throughout the week, supported by consistent institutional participation and strong sector rotation.
Nifty Weekly Analysis
Nifty started the week near the 25,300 zone and gradually climbed higher, closing close to the 25,700 mark. The index showed controlled upward momentum rather than a sudden spike, which indicates healthy buying.
Key Observations:
- Strong support formed near 25,200–25,300
- Resistance zone tested near 25,700–25,800
- Mid-week consolidation followed by a breakout attempt
- Strong closing indicates bullish sentiment
The structure suggests that buyers dominated dips, especially in large-cap stocks. The index showed a steady trend supported by financials, IT, and capital goods.
Bank Nifty Weekly Trend
Bank Nifty remained the backbone of the market rally this week. The index opened around 59,600 and showed gradual strength, ending the week at a higher zone.
What drove the move:
- PSU banks continued strong momentum
- Private banks supported the trend
- Financial sector inflows remained consistent
- Credit growth expectations boosted sentiment
The banking index is clearly in a leadership phase. Every dip attracted buying, indicating strong institutional confidence.
Fin Nifty Performance
Fin Nifty mirrored the strength seen in Bank Nifty and closed the week with a positive trend. The sector remained stable with support from NBFCs, insurance companies, and private banks.
Sector Strength:
- NBFC stocks showed strong accumulation
- Insurance sector provided stability
- Financial services index showed steady expansion
This confirms that financial stocks remain the strongest pillar of the current market structure.
Sensex Weekly Movement
Sensex moved steadily higher from 82,300 to above 83,500 levels. The rally was supported by heavyweight stocks from banking, IT, and energy sectors.
Key Contributors:
- Banking giants led the rally
- IT stocks provided support
- Infrastructure and capital goods saw selective buying
The movement indicates strong participation from large-cap investors.
Broader Market Sentiment
Mid-cap and small-cap stocks showed mixed behavior during the week. While select sectors rallied strongly, some pockets witnessed profit booking after recent gains.
Sector Highlights:
- Capital goods showed strength
- Infrastructure stocks attracted attention
- PSU stocks continued steady growth
- IT sector remained stable
Market breadth remained healthy, which is a positive sign for long-term trend continuation.
INR Weekly Movement
The Indian Rupee remained largely stable during the week, trading within a narrow band. Stability in the currency helped maintain confidence among foreign investors.
Key Factors Affecting INR:
- Stable crude oil prices
- Controlled inflation expectations
- Balanced foreign flows
A stable rupee environment generally supports equity markets by reducing volatility.
Commodity Market Weekly Review
Gold
Gold remained range-bound this week. The metal did not show aggressive moves as investors balanced between safe-haven demand and equity strength.
Silver
Silver showed mild strength with industrial demand expectations supporting the trend.
Crude Oil
Crude prices remained stable with limited volatility. This helped reduce inflation pressure and supported market sentiment.
Base Metals
Metals displayed mixed movement with selective strength in steel and aluminum stocks.
Institutional Activity Trend
Institutional participation played a key role in market direction.
FIIs:
- Showed selective buying
- Focused on financial and large-cap stocks
DIIs:
- Provided consistent support on dips
- Actively accumulated quality stocks
This balance between FIIs and DIIs created a strong foundation for the weekly uptrend.
Technical Market Structure
The market currently shows a bullish bias with controlled consolidation.
Important Levels for Nifty:
- Support: 25,300 – 25,200
- Strong Support: 25,000
- Resistance: 25,800
- Breakout Zone: 26,000
Bank Nifty Levels:
- Support: 59,000
- Resistance: 60,500
- Breakout Zone: 61,000
A sustained move above resistance could trigger fresh momentum in the coming sessions.
What Drove the Market This Week?
Several macro and technical factors supported the rally:
- Strong earnings expectations
- Stable global cues
- Continued domestic liquidity
- Financial sector leadership
- Institutional accumulation
These combined elements created a favorable environment for equities.
Forecast: Outlook for Next Week
The market structure suggests cautious optimism.
Bullish Scenario:
If Nifty sustains above 25,600:
- Possible move towards 25,900–26,000
- Banking sector may continue to lead
Bearish Scenario:
If Nifty falls below 25,300:
- Short-term consolidation likely
- Profit booking may emerge
Key Watch Factors:
- Global market cues
- Crude oil movement
- INR stability
- Institutional flows
- Earnings updates
Investment Strategy for Traders & Investors
Short-Term Traders:
- Buy on dips strategy remains effective
- Focus on banking and financial stocks
Swing Traders:
- Look for breakout stocks in infra and capital goods
- Monitor momentum stocks near resistance
Long-Term Investors:
- Continue SIP approach
- Focus on quality large-cap and financial sector stocks
Market Sentiment Summary
The week ended with strong confidence. Financial stocks continue to dominate market direction. Stability in currency and commodities adds support to the broader trend.
This is not a runaway rally, but a healthy and structured upward movement. That is a positive sign for sustained growth.
FAQs
1. Why did the market rise this week?
Strong participation from banking and financial stocks supported the rally.
2. Which sector led the market?
The banking and financial sector remained the strongest performer.
3. What is the key level to watch next week?
Nifty at 26,000 will be a major psychological and technical resistance.
4. Is the trend bullish?
Yes, but with phases of consolidation.
Final Market Insight
The first week of February set a positive tone for the month. With banking stocks leading and macro conditions stable, the market appears to be building a base for its next upward move. However, as indices approach resistance zones, short-term volatility cannot be ruled out.
A disciplined approach, selective buying, and focus on sector leaders remain the best strategy in the current environment.
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Ranjit Sahoo
Founder & Chief Editor – CapitalKeeper.in
Ranjit Sahoo is the visionary behind CapitalKeeper.in, a leading platform for real-time market insights, technical analysis, and investment strategies. With a strong focus on Nifty, Bank Nifty, sector trends, and commodities, she delivers in-depth research that helps traders and investors make informed decisions.
Passionate about financial literacy, Ranjit blends technical precision with market storytelling, ensuring even complex concepts are accessible to readers of all levels. Her work covers pre-market analysis, intraday strategies, thematic investing, and long-term portfolio trends.
When he’s not decoding charts, Ranjit enjoys exploring coastal getaways and keeping an eye on emerging business themes.
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