Only four out of the 30 constituents of the BSE benchmark index gained on Thursday trade. Trent led the pack with a 3 per cent jump, followed by Tata Steel, SBI, and Bajaj Finance.
The rest ended up in the red, with Zomato parent Eternal being the biggest laggard. At market close, the Sensex shed 503 points to 83,313,93 while the Nifty settled 133 points lower at 25,642.80.
This also meant the market could not complete a three-day winning streak.
It was not just the profit booking that led to this. Metals and other rate-conscious indices were bogged down by timid expectations ahead of the upcoming RBI MPC meeting outcome. The meeting, which began on Wednesday, would conclude with the RBI Governor's address to the nation on Friday morning.
Tata Motors PV to post Q3 results
Consumer automobile major Tata Motors Passenger Vehicles is set to post its quarterly results later in the day. This comes after TMPV announced last week that they would hold an investor call on February 5, 2026. at 6.30 pm IST.
"During the call, the Senior Management of the Company and Jaguar Land Rover (Wholly Owned Subsidiary of the Company) will discuss the financial results and operations for the quarter ended December 31, 2025," the company had then announced.
Street estimates a major jump in Q3 results for TMPV, given that their recent sales numbers were more than uplifting. Total passenger vehicle sales for the first month of calendar 2026 spiked 47.1 per cent to 71,066 units, including EVs.
As the market opens on Friday after today's dip, all eyes will be on TMPV and related auto stocks, along with rate-sensitive sectors.