New Delhi, Feb. 6 -- Market update: Nifty and Bank Nifty analysis

On 5 February, the market closed flat, with bulls attempting to take control initially. However, in the second half, bears regained dominance, leading to a decline. The Nifty closed down by 42.95 points at 23,696 (-0.18%), while the Bank Nifty closed at 50,343, UP by 185 points (-0.37%).

Major sell-offs were observed in REALTY (-1.85%), FMCG (-1.56%), and CONSUMPTION (-0.77%). METAL (+1.51%), PSE (+1.51%) and OIL & GAS (+1.46%) closed in green.

Also Read: Are AMC stocks still a good bet even as markets correct?

The top performers among the Nifty 50 stocks were ONGC (+3.0%), Hindalco Industries Ltd (+2.9%), and Apollo Hospitals Enterprise Ltd (+2.2%).

On the other hand,...