Indian equities ended a mixed session on 11 February 2026. The Nifty 50 inched up about 0.07 % to close near 25,950, while the S&P BSE Sensex slipped 0.05 % to around 84,234. The market opened positively on encouraging foreign‐institutional inflows and early gains in auto and healthcare stocks but faded into a range‑bound session as IT heavyweights came under pressure. Broader indices underperformed — the BSE MidCap and BSE SmallCap indices fell about 0.4 % and 0.2 %, respectively, reflecting caution in mid‑cap and small‑cap segments. Market breadth was negative, with declines outweighing advances.
Foreign institutional investors (FIIs) remained net buyers for a third straight session, while domestic institutions continued strong buying support. Globally, U.S. equities delivered mixed signals: the Dow Jones Industrial Average eked out another record high whereas the S&P 500 and Nasdaq Composite slipped on weaker U.S. retail sales. Asian markets were broadly higher on hopes of rate cuts later in the year, while European stocks were slightly lower.
Major indices (close on 11 Feb 2026)
Index
Close
% Change
Notes
Nifty 50
≈ 25,954
+0.07 %
Managed to hold 25,900 despite selling in IT; auto and healthcare stocks lent support
Sensex
≈ 84,234
−0.05 %
Gave up early gains; three‑day winning streak ended
Nifty Bank
≈ 60,664
+0.06 %
Traded in narrow band; PSU banks outperformed
BSE MidCap
≈ 49,789
−0.4 %
Selling pressure as investors rotated into large caps
BSE SmallCap
≈ 56,127
−0.2 %
High valuations and margin calls triggered caution
Sectoral performance
Sector / Index
Direction
Comment
Auto (Nifty Auto)
▲ ~2 %
Top‐gaining sector; buoyed by strong Q3 results from Eicher Motors and expectations of robust SUV/tractor demand. Mahindra & Mahindra, Maruti and Samvardhana Motherson were notable movers.
Healthcare / Pharma
▲ ~1 %
Benefited from earnings optimism; Apollo Hospitals and Max Healthcare gained.
Banks
Mixed
PSU banks (State Bank of India) rallied, offsetting weakness in large private banks. Bank Nifty closed marginally higher.
IT / Technology
▼ ~1–2 %
Worst performer among major sectors; profit‑taking in TCS, HCL Tech and Infosys after sharp rallies and weak global tech sentiment.
Energy / Oil & Gas
▼ heavy
Sector indices on the BSE tumbled, led by losses in oil‐marketing companies; investor sentiment cautious after a sharp surge earlier in the week.
Textiles & Consumer Durables
▼
Textile names slid up to 6 % amid concerns over export competitiveness; consumer‐durables stocks were mixed despite strong quarterly numbers.
Key statistics
Indicator (11 Feb 2026)
Data / Observation
Market breadth
Out of ~4,609 traded stocks, 2,125 advances vs 2,484 declines — indicates a negative breadth.
FII activity
Foreign institutional investors were net buyers (~₹69 crore) for a third consecutive session, improving overall sentiment.
DII activity
Domestic institutions continued to support the market with net buying of ~₹1,174 crore.
Volatility gauge
India VIX eased modestly, suggesting traders expect a range‑bound move.
Rupee
The rupee closed around ₹90.70 per U.S. dollar, down 0.1 % from the previous close, weighed by oil‐related outflows.
Top gainers and losers (selected large‑ and mid‑cap names)
Top gainers
Price*
% chg
Drivers
Eicher Motors
₹7,771
+6.5 %
Beat on Q3 results; strong Royal Enfield sales and margin expansion lifted sentiment in auto stocks.
SJVN
₹77.4
+6.3 %
PSU hydro‐power company surged after reporting a 61 % YoY jump in revenue and a 51 % rise in net profit; declared interim dividend of ₹1.15/share and approved ₹1,000 crore debenture issue.
Avanti Feeds
₹1,193.5
+5.5 %
Shares rallied on expectations of export recovery and favourable shrimp prices.
ZF Commercial Vehicle Control Systems
₹15,966
+4.9 %
Benefited from renewed interest in commercial‐vehicle component makers.
Laurus Labs
₹1,013.7
+4.9 %
Pharma company gained on strong order visibility and favourable outlook for active pharmaceutical ingredients (APIs).
Top losers
Price*
% chg
Drivers
Sterlite Technologies
₹143.7
−8.8 %
Fell after weak order inflow commentary; investors booked profits following a recent rally.
Federal‑Mogul Goetze (India)
₹447.3
−5.9 %
Auto component maker slid on margin concerns despite higher sales.
HEG
₹529.1
−5.7 %
Graphite electrode producer declined on softer realisations and muted demand guidance.
Bharat Heavy Electricals (BHEL)
₹260.6
−5.6 %
Profit taking after recent surge; concerns about execution timelines weighed.
PNC Infratech
₹222.1
−4.3 %
Stock eased after order wins were already priced in; investors await clarity on margin outlook.
*Prices are approximate closing values on 11 Feb 2026.
What moved the market
Auto and healthcare shine: The auto index rallied after Eicher Motors reported 23 % revenue growth and 21 % profit growth, and ahead of Mahindra & Mahindra’s results. Healthcare stocks such as Apollo Hospitals and Max Healthcare gained on strong quarterly numbers (Apollo’s revenue +17 % YoY, profit +35 %).
IT stocks drag: Heavyweights TCS, Infosys, HCL Technologies and LTIMindtree fell between 1–3 %, tracking weakness in U.S. tech stocks and profit booking after a strong run‑up. Persistent concerns over global demand and currency headwinds dampened sentiment.
MSCI index review: The February 2026 review added Aditya Birla Capital and L&T Finance to the MSCI Global Standard Index and removed IRCTC; AU Small Finance Bank’s weight increased due to free‑float adjustment. The changes keep India’s weight at 14.1 % and increased the number of Indian constituents to 165.
FII buying continues: FIIs extended their buying streak, providing support even as domestic players booked profits. Institutional flows remained a key pillar for the market.
Mixed global cues: U.S. retail sales for December came in flat, prompting caution; the Dow Jones closed at another record high while the S&P 500 and Nasdaq slipped. Asian markets were mostly higher amid hopes of rate cuts later in 2026, whereas European equities edged lower.
Macro & currency: The rupee weakened slightly against the dollar as crude oil prices firmed; bond yields remained range‑bound as inflation expectations moderated.
Corporate and earnings highlights
Company/event
Update
SJVN
Q3 FY26 revenue jumped 61 % YoY to ₹1,081.97 crore and net profit surged 50.8 % to ₹224.31 crore. The board declared an interim dividend of ₹1.15 per share and approved raising ₹1,000 crore via debentures.
Ashok Leyland
Reported a 22 % YoY rise in revenue to ₹11,533 crore and a 4.5 % increase in net profit to ₹796 crore for Q3 FY26. Operating margin improved marginally.
Lenskart
Private eyewear retailer’s Q3 consolidated profit skyrocketed 6,983 % YoY to ₹131 crore on revenue growth of 38 % (to ₹2,307 crore).
Mahindra & Mahindra (M&M)
Pre‑result buzz lifted the stock; later in the day it reported Q3 profit after tax up 33 % to ₹3,931 crore and revenue up 26 %, driven by robust SUV demand and tractor sales.
Posted revenue growth of 43 % and profit growth of 61 % YoY; jewellery and watches segments performed strongly. Shares hit a record high before easing marginally.
Revenue grew 17 % and profit 35 % YoY as patient footfall rose; stock remained among top gainers.
Procter & Gamble Health
Announced an interim dividend of ₹110 per share plus a ₹50 special dividend (total ₹160 per share); record date set for 12 Feb 2026.
Samvardhana Motherson
Q3 profit up 9 % YoY with 13.5 % revenue growth; the stock rose ~3 %. Brokerages remain cautious due to global demand risks.
Other notable moves
HMA Agro Industries surged ~8 % ahead of earnings; MIC Electronics gained after securing a ₹44 crore order from Indian Railways; Lemon Tree Hotels jumped on a buy call by a brokerage with a ₹200 target.
Stocks to watch for 12 February 2026
Divi’s Laboratories, LG Electronics India, Max Financial Services, Patanjali Foods and Godrej Industries – scheduled to announce Q3 results; earnings could trigger stock‐specific moves.
Mahindra & Mahindra – post‑results reaction; watch for management commentary on demand and margins.
SJVN and Ashok Leyland – momentum may continue after strong numbers; focus on any brokerage upgrades.
Aditya Birla Capital, L&T Finance – potential inflows from MSCI inclusion may support the stocks; watch for arbitrage trades ahead of index implementation.
IRCTC – removed from MSCI index; selling pressure may continue.
Energy & Textiles stocks – sectors saw heavy profit‐taking; any stabilization could offer trading opportunities.
Technical outlook for 12 Feb 2026
Nifty 50: The index formed a small‐bodied candle near the previous close, signalling consolidation. Immediate support is placed at 25,800 (recent swing low and 20‑day moving average). Below this, next support lies near 25,700. On the upside, 26,000 remains the psychological hurdle; a decisive move above 26,100 could open the way toward 26,300. Indicators such as RSI are in neutral territory (~55), and volatility has eased, suggesting a range‑bound bias unless a breakout occurs.
Bank Nifty: The banking index continues to outperform on a relative basis. Immediate support is around 60,300-0,500, while resistance is seen near 60,800 and 61,000. A close above 61,000 could spur momentum toward 61,500; failure to hold 60,300 may trigger profit‑taking toward 60,000.
Market tone: With most large‑cap earnings out of the way and global cues mixed, consolidation with stock‑specific action is likely. FIIs have been modest buyers, but valuations are high and small‑cap corrections suggest caution. Traders should focus on sector rotation (auto, healthcare, select PSU banks) and monitor U.S. macro data (inflation, retail sales) and crude‑oil prices for direction.
Tomorrow’s outlook
Expect a neutral to mildly positive tone going into 12 February 2026. Supportive institutional flows, strong domestic earnings (especially in auto and healthcare), and a benign volatility environment could help the Nifty maintain the 25,800-26,100 band. However, persistent profit‑booking in IT and weakness in energy/textiles may cap gains. Watch for breakout cues from global markets, particularly the U.S. inflation prints and Fed commentary. Investors should remain selective, focusing on companies delivering robust earnings and benefiting from index rebalances.
