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EQUITY
Post Session: Quick Review
Feb-10-2026

Indian equity benchmarks extended their gains for a third consecutive session on Tuesday, tracking strong overnight gains on Wall Street. Markets made a positive start and stayed in green terrain throughout the session, supported by sustained foreign fund inflows and continued optimism surrounding an interim trade agreement between India and the US. Though, there was some volatility in the dying hours of the trade due to weekly expiry of Nifty’s F&O contracts.

Some of the important factors in trade:

Foreign fund inflows: Sentiments remained upbeat as Foreign institutional investors (FIIs) were net buyers of Indian equities worth Rs 2,254.64 crore on February 9.

Piyush Goyal to meet export promotion councils: Traders took note of report that Commerce and Industry Minister Piyush Goyal will hold a meeting with representatives of export promotion councils and industry associations on February 11.

India, Greece sign joint declaration to strengthen defence industrial cooperation: Traders took note of report that India and Greece have signed a Joint Declaration of Intent on strengthening defence industrial cooperation between the countries, which marks a starting point for developing a five-year roadmap for boosting the partnership.

On the global front: European equity markets were trading mostly in green, ahead to the release of key U.S. retail sales, inflation, and jobs data this week for clues on the Federal Reserve’s future interest-rate trajectory. Asian markets ended higher, lifted by post-election optimism in Japan and a strong rebound in the technology sector.

The BSE Sensex ended at 84273.92, up by 208.17 points or 0.25% after trading in a range of 84063.47 and 84482.95. There were 16 stocks advancing against 14 stocks declining on the index. (Provisional)

The top gaining sectoral indices on the BSE were Auto up by 1.35%, Consumer discretionary up by 1.16%, Metal up by 0.83%, Industrials up by 0.69% and Utilities up by 0.62%, while Consumer Durables down by 0.20%, Bankex down by 0.18%, TECK down by 0.11% and Capital Goods down by 0.09% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Eternal up by 4.99%, Tata Steel up by 2.89%, Mahindra & Mahindra up by 1.85%, Power Grid Corp up by 1.52% and Tech Mahindra up by 1.48%. On the flip side, Bajaj Finance down by 1.88%, HCL Technologies down by 1.84%, Bharti Airtel down by 1.40%, Asian Paints down by 0.92% and Adani Ports and Special Economic Zone down by 0.60% were the top losers. (Provisional)

Meanwhile, the government of India has taken a decisive step towards building a resilient and globally competitive speciality steel ecosystem with the launch of the third round of the PLI Scheme (PLI 1.2) for Speciality Steel, aimed at 8.7 million tonnes of capacity addition of the upgraded alloy steel. Relatedly, around 85 MoUs were signed between 55 companies, including SAIL's Salem Steel plant and the Steel Ministry, committing Rs 13,203 crore worth of investments. The Union Steel Minister HD Kumaraswamy noted that the scheme advances the twin priorities of Make in India and Aatmanirbhar Bharat by encouraging domestic capacity creation in advanced and strategic steel products.

He highlighted that PLI Scheme has been launched in response to strong industry demand and the need for sustained capacity expansion in specialty steel, which is essential for sectors including automobiles, railways, defence, electrical equipment, and aerospace. Designed to promote investment, technology upgradation, and value addition while integrating Indian manufacturers into global value chains, the Scheme provides incentive rates ranging from 4% to 15% over a five-year period. Besides, it seeks to address structural gap by incentivising domestic production, conserving foreign exchange, and positioning India as a reliable global supplier of advanced steel.

The minister has hailed achievements under earlier rounds of the PLI Scheme, saying committed investments of Rs 43,874 crore across PLI 1.0 and 1.1 have already translated into substantial on-ground progress, including significant capacity creation and employment generation. Meanwhile, Steel Secretary Sandeep Poundrik urged the players to stick to the timeline and avail the benefits of the scheme which provides incentives on production of special steel grades. He informed that timeline of scheme will is not going be extended further. He also pointed that the country's installed steel capacity is currently 218 million tonnes per annum (mtpa), rising by 18 mtpa in the current fiscal itself. He added that India will comfortably achieve the target of having 300 mtpa installed steel manufacturing capacity in 2031, and maybe 400 mtpa by 2035-36.

The CNX Nifty ended at 25935.15, up by 67.85 points or 0.26% after trading in a range of 25870.45 and 25989.45. There were 27 stocks advancing against 23 stocks declining on the index. (Provisional)

The top gainers on Nifty were Eternal up by 5.19%, Tata Steel up by 2.92%, ONGC up by 2.08%, Bajaj Auto up by 1.92% and Mahindra & Mahindra up by 1.83%. On the flip side, HCL Technologies down by 2.06%, Bajaj Finance down by 1.79%, Dr. Reddy's Lab down by 1.53%, Shriram Finance down by 1.33% and Bharti Airtel down by 1.32% were the top losers. (Provisional)

European markets were trading mostly in green; Germany’s DAX gained 95.93 points or 0.38% to 25,110.80 and France’s CAC rose 43.42 points or 0.52% to 8,366.70, while UK’s FTSE 100 decreased 17.46 points or 0.17% to 10,368.77.

Asian markets settled mostly higher on Tuesday, tracking Wall Street’s gains overnight as technology shares continued a rebound on easing AI spending concerns. Japanese shares reached historic record highs, buoyed by expectations that PM Sanae Takaichi’s decisive election victory will allow her to push through higher spending and more aggressive fiscal policies. Kospi finished marginally higher ahead of US retail sales, jobs and inflation data this week that may offer clues on the Federal Reserve's policy direction. Hong Kong market gained amid strong performance in the technology and pharmaceutical sectors, while Chinese shares marginally rose even as trading gradually thinned ahead of the long Lunar New Year holiday. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

4,128.37

5.28

0.13

Hang Seng

27,183.15

155.99

0.58

Jakarta Composite

8,131.74

99.86

1.24

KLSE Composite

1,747.54

-3.76

-0.21

Nikkei 225

57,650.54

1,286.60

2.28

Straits Times

4,964.25

3.42

0.07

KOSPI Composite

5,301.69

3.65

0.07

Taiwan Weighted

33,072.97

668.35

2.06
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