Today’s share market’s key developments include: Infosys deepens its ExxonMobil partnership for AI infrastructure, CESC’s arm secures a 250 MW SECI wind project, and NATCO Pharma plans a Chile subsidiary with a new CFO appointment, while FIIs and DIIs reported net equity inflows in the latest session.
2:40 PM IST
Stock Market LIVE Update | Sensex sinks over 900 points | Nifty slips below 25,550
Benchmark indices witnessed sharp losses, with the Sensex plunging over 900 points and the Nifty slipping below 25,550. In commodities, zinc futures declined by 65 paise to ₹327.95 per kg on the MCX as traders reduced positions amid weaker physical demand. In contrast, copper futures rose ₹2.60 to ₹1,240.15 per kg, supported by improved spot demand and fresh positions. Major laggards included Muthoot Finance, Ratnamani Metals, Adani Power, Hindalco Industries and Symphony during intraday trade.
1:40 PM IST
Stock Market LIVE Update | Sensex drops over 700 points | Nifty slips below 25,600
Indian equities declined sharply, with the Sensex falling more than 700 points and the Nifty dropping below 25,600. Info Edge reported a 12% year-on-year rise in Q3 profit to ₹272 crore, while revenue grew 13%. Among gainers, GE Power India surged 20%, followed by Engineers India, KPR Mill, Vardhman Textiles and Linde India. In global markets, Bitcoin steadied near $66,000 after rebounding from $60,000, though broader risk-off sentiment kept altcoins under pressure.
12:40 PM IST
Stock Market LIVE Update | Sensex plunges over 750 points | Nifty slips below 25,600
Indian equities declined sharply, with the Sensex dropping over 750 points and the Nifty falling below 25,600. A block deal in Kotak Mahindra Bank saw 27.3 lakh shares traded. Energy stocks such as ONGC, Oil India, Reliance and GAIL weakened. Metal counters including Hindalco, Hindustan Zinc and Vedanta also declined. Asian markets tracked global weakness, as Japan’s Nikkei fell amid a steep drop in SoftBank, while Australian and New Zealand indices ended lower despite weekly gains.
11:30 AM IST
Stock Market LIVE Update | Sensex drops over 800 points | Nifty slips below 25,600
Indian equity benchmarks witnessed sharp selling pressure, with the Sensex falling more than 800 points and the Nifty trading below 25,600. Muthoot Finance led the decline, plunging over 12%, followed by Ratnamani Metals, Symphony, Hindalco Industries and L&T Technology Services, each declining more than 5%. On the positive side, GE Power India surged over 18%, while Engineers India advanced 15%. Future Lifestyle Fashions, Vardhman Textiles and Bharat Forge also recorded moderate gains during the session.
10:30 AM IST
Stock Market LIVE Update | Sensex sinks 700+ points | Nifty falls below 25,600
The Sensex plunged more than 750 points while the Nifty slipped below 25,600 in early trade. Indian bonds trimmed initial gains as profit booking limited the impact of a recent debt switch conducted by the government with the RBI. The 10-year 6.48% 2035 bond yield is seen between 6.64% and 6.69% after closing at 6.6833%. OIS rates declined across tenors. Hindalco shares fell after weaker quarterly results, while Muthoot Finance, Infosys and Coforge led early losses.
9:20 AM IST
Stock Market LIVE Update | Sensex slides 700+ points | Nifty below 25,600
The Sensex dropped more than 700 points while the Nifty slipped below 25,600 in early trade. The rupee weakened by 8 paise to 90.69 against the US dollar, opening at 90.67 compared to the previous close of 90.59. HAL shares drew attention after Q3 net profit rose 30% to ₹1,867 crore with improved margins, while Honasa Consumer reported a 93% jump in Q3 profit to ₹50 crore. Mutual funds increased exposure to financials and reduced IT and FMCG holdings.
Source: Bajaj Broking Research Desk.
GIFT NIFTY: Gift Nifty suggests a negative opening for the Indian market. Nifty spot in today's session is likely to trade in the range of 25,500-25,900.
INDIA VIX: 11.72 | +0.18 (1.54%) ↑ today
Treasury Yield:
The US 10Y yield fell 8.1 basis points to 4.11%, marking its biggest decline since October 10 and its fifth drop in the past six sessions.
Currency:
(DXY) Dollar index was little changed at 96.93.
Commodities:
WTI crude futures were largely unchanged at $62.85 per barrel, while Brent crude futures held steady at $67.53 per barrel.
Gold was trading near $4,950/oz, while silver was trading near 76.5$/oz.
General Trends:
Asia-Pacific markets opened mostly lower, mirroring Wall Street’s losses as technology stocks declined on renewed concerns over AI disruption. Australia’s ASX 200 fell 1.09% and Japan’s Nikkei 225 dropped 0.93%, while South Korea’s KOSPI bucked the trend, rising 0.43%.
Market in the Previous Session:
Indian equity benchmarks ended in the red on February 12th, with the Nifty closing near the 25,800 level. The decline was led by sharp losses in IT stocks as expectations of a near-term US Fed rate cut waned. Additional pressure came from concerns over potential disruptions from artificial intelligence.
Investors largely stayed on the sidelines as they awaited the January 2026 monthly inflation data.
At the close, the Sensex dropped 558.72 points, or 0.66%, to 83,674.92, while the Nifty fell 146.65 points, or 0.57%, to 25,807.20.
Broader markets also weakened, with the Nifty Midcap and Smallcap indices slipping 0.5% and 0.64%, respectively.
On the sectoral front, except for Consumer Durables and Nifty Financial Services, which edged up 0.38%, all other indices finished lower. The IT index tumbled 5%, while oil & gas, media, and realty stocks each declined around 1%.
Nifty Short-Term Outlook:
The index formed a bearish candle with a lower high and lower low, indicating profit booking at higher levels near 26,000.
Nifty was unable to break above the key 26,000 mark and gave up some recent gains in Thursday’s session. Going ahead, the index is likely to consolidate in the 25,500–26,000 range, which could help in building a base.
Immediate support is seen at 25,500–25,400, aligning with last week’s breakout zone and the 20-day EMA. As long as the index holds above this level, the overall bias remains positive. We believe this pause can be used to gradually accumulate quality stocks.
Intraday Levels:
Nifty: Intraday resistance is at 25,840, followed by the 25,930 levels. Conversely, downside support is located at 25,620, followed by 25,540.
Bank Nifty: Intraday resistance is positioned at 60,880, followed by 61,050, while downside support is found at 60,380, followed by 60,150.
Nifty:
The weekly synthetic future is placed near 25,835, keeping the index anchored slightly below the 26,000 mark.
The highest call writing at 26,000 continues to define the immediate resistance zone.
The highest put writing at 24,500 provides a broader long-term support base.
Intraday, call writers were dominant between 25,800–26,000, reinforcing this band as a key resistance cluster.
Put writers unwound positions in the 25,900–26,000 region while adding primarily at 25,800, shifting immediate support lower.
Given the current momentum and structure, the index may attempt to fill Monday’s gap near 25,700 if selling pressure persists.
Bank Nifty:
Both the highest call and put OI remain at 60,000, keeping it as the primary pivot.
During the session, call writers were active at 60,800 and 60,900, with additional writing at 62,000, placing resistance at higher levels.
At the same time, call unwinding at 59,000, 59,500, and 60,000 suggests resistance has shifted upward.
Relative strength in Bank Nifty versus Nifty continues, and the index is expected to retest 61,000, provided it sustains above 60,500.
Performance Overview:
Major stock indexes declined on Thursday, led by weakness in technology stocks, as investors stayed cautious ahead of key U.S. inflation data due on Friday. Meanwhile, U.S. Treasury yields also moved lower.
Sector-specific indicator:
The technology sector fell over 2%, making it the biggest drag on the S&P 500.
Investor confidence has weakened this month due to repeated selloffs in sectors such as software, driven by concerns that artificial intelligence could disrupt several industries.
The S&P 500 dropped 1.6% to 6,833.54, the Dow Jones fell 1.3% to 49,451.88—its first close below 50,000 since Friday—and the Nasdaq slid 2% to 22,597.15.
Economic indicator:
A stronger-than-expected U.S. jobs report reduced hopes of near-term Fed rate cuts. Separately, jobless claims fell less than expected last week.
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