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What is the story about?
Markets ended the day on a cautious note, snapping a three-day rally as selling pressure returned to heavyweight stocks and IT counters, pulling the Sensex and Nifty lower. Currency and commodity markets also stayed volatile, with the rupee firming modestly against the dollar, while silver prices saw an unusually sharp intraday correction amid heightened global risk-off sentiment.
Global cues remained mixed. Alphabet’s aggressive $185 billion capital expenditure plan sparked fresh debate around Big Tech spending cycles, even as the stock slipped post-earnings. Volatility spilled over into digital assets as Bitcoin extended its decline, underscoring the fragile investor mood across risk assets.
Back home, policy and politics stayed firmly in focus. Expectations around the RBI’s February policy meeting centred on a likely rate pause, with attention shifting to liquidity measures. In Parliament, Prime Minister Narendra Modi highlighted India’s growing global role, while Finance Commission hearings exposed renewed friction between the Centre and states over tax devolution and cess sharing.
Corporate developments added to the action, with Bharti Airtel reporting steady operational gains, PB Fintech shares reacting to fund-raising developments, and HAL pushing back against project delay concerns. We bring you all this and more in tonight’s Top 10@10.
Here are the top 10 stories shaping business and policy today.
Market snaps 3-day rally as Sensex drops 504 points, Nifty slips below 25,700
The equity benchmark indices BSE Sensex and NSE Nifty ended lower on Thursday (February 5), snapping a three-day gaining streak, with both the Sensex and Nifty declining more than 0.5%. Weakness across heavyweight stocks and losses in IT shares weighed on overall market sentiment.
Read More Here
Rupee rises 7 paise to 90.40 against the US dollar in early trade - Read More Here
Google-parent Alphabet outlines mega $185 billion capex plan after earnings beat; Stock falls
Alphabet Inc., parent of Google, announced a mega $185 billion capex plan for 2026, smashing analyst expectations of a $119.5 billion figure for the full year. The announcement, which came along with its quarterly results that also beat expectations, took the stock lower in extended trading, but boosted sentiments around chipmakers Broadcom and Nvidia, which rallied in extended trading after leading the losses in Wednesday's session.
Read More Here
ALSO READ: How global companies are quietly turning India into their second home
Devina Mehra on IT stocks: No reason to panic sell or bottom-fish right now
Devina Mehra, Founder, Chairperson & MD of First Global, said investors should avoid reacting emotionally to the current AI-led narrative around the IT sector. In her view, while artificial intelligence (AI) will clearly change how work is delivered and priced, the situation does not justify extreme positioning.
Read More Here
PM Modi in RS: 'India is a loud voice of Global South' amid a world in flux
Prime Minister Narendra Modi highlighted India’s growing influence in the rapidly-evolving global order, saying world events increasingly tilt in India’s favour. He was addressing the Rajya Sabha today, February 5.
Read more: PM Modi in RS: 'India is a loud voice of Global South' amid a world in flux
Silver Price Crash: White Metal falls 16% in a sharp reversal amidst extreme volatility
Silver prices in the spot market have seen a sharp reversal within a matter of minutes. The White Metal fell as much as 16% and has slipped below the mark of $75 an ounce.
Read More Here
Also read: Bitcoin plunges below $72,000 amid global market sell-off, stumbling 42% since October
RBI policy expectations: Rate pause likely in February, focus shifts to liquidity moves
The Reserve Bank of India’s (RBI) February 2026 monetary policy is expected to focus more on liquidity management than on interest rate changes. Market participants believe inflation remains under control and growth remains stable, reducing the need for immediate rate action.
Read More Here
HAL dismisses delay claims, says fighter jet project won't hit growth
DK Sunil, Chairman and Managing Director of Hindustan Aeronautics Limited, has rejected the view that the company delays projects, even as reports question its role in India’s Advanced Medium Combat Aircraft (AMCA) programme.
Read More Here
PB Fintech shares surge over 8% after this major development surrounding its fund raising plan
Shares of PB Fintech Ltd. gained as much as 4.5% on Thursday, February 5, after the company made an announcement with regards to its board meet scheduled to be held today.
Read More Here
Bharti Airtel Q3 Results: Revenue and EBITDA grow QoQ as ARPU rises; profit softens
Bharti Airtel Ltd delivered a healthy operational performance in the December quarter, supported by ARPU expansion, strong data usage and sustained growth across India, Africa and digital businesses.
Read More Here
Finance Commission hearings expose deep Centre–states rift over tax devolution, cess sharing
A sharp divergence between state governments and the Centre over the sharing of tax revenues has come into focus during submissions to the Finance Commission, laying bare a familiar but intensifying fiscal fault line in India’s federal structure.
Read More Here
China's Xi and Trump talk by phone, Chinese state media report
Chinese President Xi Jinping spoke with U.S. President Donald Trump by phone on Wednesday, state broadcaster CCTV reported, ahead of an expected visit by Trump to China in April.
Read More Here
We'll see you on Friday with another engaging 'Top 10@10’
Global cues remained mixed. Alphabet’s aggressive $185 billion capital expenditure plan sparked fresh debate around Big Tech spending cycles, even as the stock slipped post-earnings. Volatility spilled over into digital assets as Bitcoin extended its decline, underscoring the fragile investor mood across risk assets.
Back home, policy and politics stayed firmly in focus. Expectations around the RBI’s February policy meeting centred on a likely rate pause, with attention shifting to liquidity measures. In Parliament, Prime Minister Narendra Modi highlighted India’s growing global role, while Finance Commission hearings exposed renewed friction between the Centre and states over tax devolution and cess sharing.
Corporate developments added to the action, with Bharti Airtel reporting steady operational gains, PB Fintech shares reacting to fund-raising developments, and HAL pushing back against project delay concerns. We bring you all this and more in tonight’s Top 10@10.
Here are the top 10 stories shaping business and policy today.
Market snaps 3-day rally as Sensex drops 504 points, Nifty slips below 25,700
The equity benchmark indices BSE Sensex and NSE Nifty ended lower on Thursday (February 5), snapping a three-day gaining streak, with both the Sensex and Nifty declining more than 0.5%. Weakness across heavyweight stocks and losses in IT shares weighed on overall market sentiment.
Read More Here
Rupee rises 7 paise to 90.40 against the US dollar in early trade - Read More Here
Google-parent Alphabet outlines mega $185 billion capex plan after earnings beat; Stock falls
Alphabet Inc., parent of Google, announced a mega $185 billion capex plan for 2026, smashing analyst expectations of a $119.5 billion figure for the full year. The announcement, which came along with its quarterly results that also beat expectations, took the stock lower in extended trading, but boosted sentiments around chipmakers Broadcom and Nvidia, which rallied in extended trading after leading the losses in Wednesday's session.
Read More Here
ALSO READ: How global companies are quietly turning India into their second home
Devina Mehra on IT stocks: No reason to panic sell or bottom-fish right now
Devina Mehra, Founder, Chairperson & MD of First Global, said investors should avoid reacting emotionally to the current AI-led narrative around the IT sector. In her view, while artificial intelligence (AI) will clearly change how work is delivered and priced, the situation does not justify extreme positioning.
Read More Here
PM Modi in RS: 'India is a loud voice of Global South' amid a world in flux
Prime Minister Narendra Modi highlighted India’s growing influence in the rapidly-evolving global order, saying world events increasingly tilt in India’s favour. He was addressing the Rajya Sabha today, February 5.
Read more: PM Modi in RS: 'India is a loud voice of Global South' amid a world in flux
Silver Price Crash: White Metal falls 16% in a sharp reversal amidst extreme volatility
Silver prices in the spot market have seen a sharp reversal within a matter of minutes. The White Metal fell as much as 16% and has slipped below the mark of $75 an ounce.
Read More Here
Also read: Bitcoin plunges below $72,000 amid global market sell-off, stumbling 42% since October
RBI policy expectations: Rate pause likely in February, focus shifts to liquidity moves
The Reserve Bank of India’s (RBI) February 2026 monetary policy is expected to focus more on liquidity management than on interest rate changes. Market participants believe inflation remains under control and growth remains stable, reducing the need for immediate rate action.
Read More Here
HAL dismisses delay claims, says fighter jet project won't hit growth
DK Sunil, Chairman and Managing Director of Hindustan Aeronautics Limited, has rejected the view that the company delays projects, even as reports question its role in India’s Advanced Medium Combat Aircraft (AMCA) programme.
Read More Here
PB Fintech shares surge over 8% after this major development surrounding its fund raising plan
Shares of PB Fintech Ltd. gained as much as 4.5% on Thursday, February 5, after the company made an announcement with regards to its board meet scheduled to be held today.
Read More Here
Bharti Airtel Q3 Results: Revenue and EBITDA grow QoQ as ARPU rises; profit softens
Bharti Airtel Ltd delivered a healthy operational performance in the December quarter, supported by ARPU expansion, strong data usage and sustained growth across India, Africa and digital businesses.
Read More Here
Finance Commission hearings expose deep Centre–states rift over tax devolution, cess sharing
A sharp divergence between state governments and the Centre over the sharing of tax revenues has come into focus during submissions to the Finance Commission, laying bare a familiar but intensifying fiscal fault line in India’s federal structure.
Read More Here
China's Xi and Trump talk by phone, Chinese state media report
Chinese President Xi Jinping spoke with U.S. President Donald Trump by phone on Wednesday, state broadcaster CCTV reported, ahead of an expected visit by Trump to China in April.
Read More Here
We'll see you on Friday with another engaging 'Top 10@10’
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