Market Wrap: Nifty Holds 25,900 Amid IT Slump; SBI & Auto Lead Recovery

The Indian equity markets witnessed a volatile session on Wednesday, February 11, 2026. While the Sensex snapped its three-day winning streak to end marginally lower, the Nifty 50 showed resilience, managing to settle in the green. The tug-of-war between a surging Banking/Auto sector and a retreating IT sector kept investors on their toes throughout the day.

1. The Indices: A Mixed Bag
Despite the intra-day swings, the benchmarks ended near their psychological support levels.

BSE Sensex: Closed at 84,234, down 40 points (0.05%).

Nifty 50: Gained 19 points (0.07%) to settle at 25,954.

Market Sentiment: The “buy on dips” strategy was evident in PSU banks, while profit booking dominated the tech space following weak global cues and a government-led tech spending pause in the US.

2. Stocks in Focus: Gainers & Losers
The day was marked by significant divergence in heavyweight performances:

The Leaders (PSU Banks & Auto):

SBI: Surged over 3% to hit a new all-time high of ₹1,187, driven by record Q3 profits and a bullish outlook following Budget 2026.

Eicher Motors: The top Nifty gainer, soaring 6.45% after a blockbuster earnings report and capacity expansion plans.

Maruti Suzuki: Continued its upward momentum, rising nearly 2%.

The Laggards (IT & FMCG):

TCS: Led the decline with a 2.5% drop as investors worried about slowing discretionary tech spend.

Infosys & HCL Tech: Followed suit, falling between 1.5% and 1.8%.

ITC: Saw mild selling pressure, ending nearly 1% lower.

3. Commodities: Gold & Silver Shine
Precious metals are back in favor as a hedge against global uncertainty. Expectations of US Federal Reserve rate cuts have pushed bullion prices higher:

Gold (MCX): Reclaimed levels above ₹1,58,000 per 10 grams.

Silver (MCX): Outperformed with a 3% jump, crossing the ₹2.60 lakh per kg mark.

4. Global Cues
European markets started the day on a cautious note (Stoxx 600 down 0.2%), while US futures showed a slight recovery. The global market is currently “on edge,” awaiting the official US jobs report, which will dictate the trajectory of interest rates for the first half of 2026.

Trade Smart with Expert Guidance
Volatility is the “new normal” in 2026. Whether you are looking for long-term PSU bank entries or hedging with precious metals, expert research is your best defense.

Stock Emphasis – SEBI Registered Research Analyst 📱 Call/WhatsApp: +91 83490-46664 🌐 www.stockemphasis.com 📧 support@stockemphasis.com