The equity benchmarks extended their winning streak for a third straight session on Tuesday, February 10, supported by positive global cues and optimism around the India-US trade deal.
The Sensex closed 208 points higher, or 0.25 percent, at 84,273.92, while the Nifty 50 gained 68 points, or 0.26 percent, to settle at 25,935.15.
Broader markets also remained firm. The BSE 150 MidCap Index rose 0.21 percent, while the BSE 250 SmallCap Index advanced 0.46 percent.
Overall market capitalisation of BSE-listed companies climbed to over ₹474 lakh-crore from ₹473 lakh-crore in the previous session, adding nearly ₹1 lakh-crore to investor wealth in a single day.
Market sentiment stayed upbeat on multiple supportive factors:
Positive cues from global markets
Improved sentiment following the India-US trade agreement
Renewed foreign institutional investor (FII) inflows
Stability in the rupee
Vinod Nair of Geojit Investments said domestic equities continued to gain on the back of the US trade agreement and positive Asian market cues. He noted that stronger FII inflows and rupee appreciation further supported sentiment, even as intermittent profit booking was seen across sectors.
According to Nair, with tariff-related worries easing, markets will now closely track Q3 earnings trends and the combined impact of recent fiscal and monetary measures on earnings recovery.
The leading gainers on the Nifty 50 were:
Eternal: up 5.19 percent
Tata Steel: up 2.90 percent
ONGC: up 1.88 percent
Overall, 27 stocks in the Nifty 50 ended the session in positive territory.
The major laggards in the benchmark index included:
HCL Technologies: down 2.03 percent
Bajaj Finance: down 1.82 percent
Dr Reddy’s Laboratories: down 1.55 percent
Most sectoral indices closed higher. Key trends included:
Strong gains in Nifty Media (up 2.40 percent) and Nifty Auto (up 1.37 percent)
Modest declines in Nifty Pharma, Healthcare, PSU Bank and Nifty Bank
The most actively traded stocks on the NSE were:
Vodafone Idea: 39.2 crore shares
Tata Silver ETF: 15.5 crore shares
Filatex Fashions: 13 crore shares
Market breadth remained positive:
Over 2,600 stocks advanced on the BSE
Around 1,600 stocks declined
Fifteen stocks gained more than 15 percent, including Praj Industries, ISGEC Heavy Engineering, Signpost India, Race Eco Chain, Dynemic Products, Lumax Industries and Pavna Industries
As many as 127 stocks hit 52-week highs, including SBI, Titan, Tata Steel, UltraTech Cement, Shriram Finance, JSW Steel and Indus Towers
Fifty-six stocks touched fresh 52-week lows, including Kansai Nerolac Paints, Dreamfolks Services and Pine Labs
According to Shrikant Chouhan of Kotak Securities, the short-term outlook for the Nifty remains positive, though a brief intraday correction is possible if the index slips below 25,900.
Below 25,900, the Nifty could retest the 50-day SMA zone of 25,800–25,750
Immediate resistance is seen at 26,000
A decisive breakout above 26,000 could open the way towards 26,100–26,150
