Nifty 50 and Sensex surged as SBI posted record Q3 profits and the India-US trade deal boosted sentiment. Get FII/DII data, sectoral trends, top gainers/losers, and IPO updates in today’s post-market report.
Market Overview (Feb 9, 2026)
Indian equities kicked off the week on a bullish note, with benchmark indices reclaiming key psychological levels.
- Sensex closed at 84,065.75 (+485.35 points, +0.58%)
- Nifty 50 settled at 25,867.30 (+173.60 points, +0.68%)
The rally was fueled by State Bank of India’s (SBI) record-breaking Q3 results and optimism surrounding the India-US Interim Trade Agreement (ITA), which slashed reciprocal tariffs from 55% to 18%. Midcaps and smallcaps outperformed, signaling strong retail participation.
Benchmark Index Performance
| Index | Closing Level | Change (Points) | % Change |
|---|---|---|---|
| Nifty 50 | 25,867.30 | +173.60 | +0.68% |
| S&P BSE Sensex | 84,065.75 | +485.35 | +0.58% |
| Nifty Bank | 60,669.35 | +602.00 | +1.00% |
| Nifty Midcap 100 | 60,441.00 | +938.00 | +1.58% |
| Nifty Smallcap 100 | 19,450.00 | +500.20 | +2.64% |
Top Gainers & Losers (Nifty 50)
Top Gainers:
- SBI: +7.63% (Record High)
- Shriram Finance: +6.03%
- Grasim Industries: +3.11%
- Titan Company: +3.04%
- Dr. Reddy’s Labs: +2.80%
Top Losers:
- Max Healthcare: -2.82%
- NTPC: -1.05%
- ITC: -0.95%
- ONGC: -0.84%
- ICICI Bank: -0.78%
🔹 Global Market Snapshot
- US Markets: Dow Jones +2.47%, Nasdaq +2.18% (AI spending optimism)
- Asia: Nikkei 225 hit record highs post-political win; South Korea & Hong Kong futures traded positive
🔹 Key News Highlights
- SBI Q3 Results: Net profit jumped 24.5% YoY to ₹21,028 crore, beating estimates.
- India-US Trade Deal: Tariffs reduced to 18%, boosting gems, jewellery, and textile exporters.
- India-Malaysia MoUs: 11 agreements signed in semiconductors & digital economy.
- Moody’s GDP Projection: India’s FY27 GDP growth pegged at 6.4%, fastest in G-20.
🔹 Sectoral Trends
- PSU Banks: Nifty PSU Bank index surged 3.3%, led by SBI, Indian Bank, and Bank of India.
- Consumption & Realty: Titan and Kalyan Jewellers (+15%) rallied on zero-tariff jewellery exports. Realty stocks like Godrej Properties (+6%) gained on demand revival hopes.
🔹 Upcoming IPOs
- Fractal Analytics (Mainboard): Feb 9–11, Price Band ₹857–900
- Aye Finance (Mainboard): Feb 9–11, Price Band ₹122–129
- SME Segment: PAN HR Solutions & Biopol Chemicals open till Feb 10
🔹 Market Volatility & Institutional Activity
- India VIX: 12.19 (+2.09%), signaling constructive sentiment
- FII Activity (Feb 6): Net Buyers +₹1,950.77 Cr
- DII Activity (Feb 6): Net Sellers -₹1,265.06 Cr
FIIs turning net buyers after January’s selling streak provided liquidity support above 25,800 levels.
FAQs
- Why did the Indian stock market rise today? SBI’s record profits, India-US trade deal, and strong global cues drove the rally.
- Is Nifty 50 bullish right now? Yes, Nifty closed above its 20 EMA (25,650), but consolidation near 26,000 is likely.
- Impact of India-US trade deal on stocks? Exporters in textiles, gems, jewellery, and auto components benefit from reduced tariffs.
- Why did SBI hit a record high? SBI posted its highest-ever quarterly profit of ₹21,028 crore, triggering upgrades.
- Best sectors to invest in 2026? PSU Banks, Consumer Durables, and Realty show strong momentum; IT remains under pressure.
- Upcoming IPOs this week? Fractal Analytics and Aye Finance (Feb 9–11).
- Nifty 50 support & resistance? Support: 25,500 | Resistance: 26,000–26,100
Investment Perspective
The return of FIIs as net buyers and strong midcap/smallcap performance confirm retail strength. With Nifty nearing 26,000 resistance, investors may adopt an accumulate-on-dips strategy in PSU Banks and consumption-driven themes.
Global liquidity cues, especially US inflation data later this week, will dictate the next leg of momentum.
⚠️ Disclaimer: This report is for informational purposes only. Not investment advice. Please consult a SEBI-registered advisor before making financial decisions.
