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Below the Views on Morning Market 06th February 2026 from Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited

"There is a risk-off sentiment in global markets. Bitcoin has crashed to below $ 64000. Silver is down to $71 from the recent peak of 121. Even the safe-haven gold has turned weak despite huge uncertainty in global geopolitics. The tech-heavy Nasdaq has been steadily weakening and is now 6% down from its peak. The selloff in tech and AI stocks and a departure from AI trade would be good for India in the medium-term, but for that further weakening of the AI trade is required. So, watch out for the trend in AI stocks. 

FIIs again turning sellers in India and increasing their short positions in the derivative markets indicates further weakness in the market in the near-term. 
 

A positive trigger for the market in the form of rate cut from the MPC is unlikely today since the MPC is expected to hold rates. Any change in the stance also is unlikely. However the tone of the policy can be dovish and the Central Bank may revise the growth targets for FY27 upwards improving sentiments."

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