
Stock recommendations for 6 February from MarketSmith India
Subscribe to enjoy similar stories. On Thursday, 5 February 2026, the Indian equity benchmarks snapped a three-day winning streak, with the Nifty 50 closing at 25,640.70, down 135.30 points (0.52%), while the Sensex slumped 506.31 points (0.60%) to settle at 83,311.38.
Profit booking at elevated levels, coupled with a persistent sell-off in global technology shares and cautious sentiment ahead of tomorrow’s RBI monetary policy decision, weighed on the indices. Sectoral performance was predominantly bearish.
The Nifty Energy and the Nifty Realty faced significant pressure, while the Nifty IT remained volatile amid global concerns over AI-led disruptions. Notably, Ambuja Cements and Adani Enterprises saw stock-specific action due to corporate developments, while Westlife Foodworld surged on strong earnings.
Market breadth remained weak, with an advance-decline ratio favouring bears as 2,668 stocks declined and 1,878 advanced. Why it’s recommended: Strategic PSU refiner with an integrated petrochemicals presence, access to diversified crude sourcing, including discounted grades, strong refining margins during favourable crack spread cycles, a coastal location that supports export flexibility and logistics efficiency, backing of ONGC ensuring operational and financial support, and ongoing capacity expansion and upgrade initiatives that improve refinery complexity.
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