Closing Bell: Sensex jumps 485 points, Nifty above 25,850 on US trade deal boost

Indian equity indices ended on strong note with Nifty above 25,850 on February 9. At close, the Sensex was up 485.35 points or 0.58 percent at 84,065.75, and the Nifty was up 173.60 points or 0.68 percent at 25,867.30.

We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

Markets traded with strength on Monday and remained firmly in positive territory, supported by encouraging global cues and optimism around an interim India–US trade framework. The benchmark indices opened higher, with the Nifty moving above the 25,800 level in early trade and holding gains through the session to finally close at 25,867.30. Buying interest was widespread, with realty, metal and pharma among the top gainers, while midcap and smallcap segments also posted notable advances, signalling an improvement in risk appetite after the recent bout of weakness.

Investor sentiment was lifted by reports that India and the United States have moved closer to a trade agreement that includes tariff reductions and deeper economic cooperation. This development helped remove a key overhang that had been weighing on markets and triggered fresh buying across sectors. Mixed global cues, along with supportive moves in Asian markets, further reinforced the positive undertone.

The latest move in the index suggests a likely retest of the 26,000 level on the Nifty soon, and a decisive breakout above this zone could open the path toward a new record high. We therefore reiterate a buy-on-dips approach, with emphasis on stock selection based on sectoral strength. Most key sectors, except IT, are participating in the up move, though on a rotational basis, so positions should be aligned accordingly with disciplined risk management.

Nifty witnessed a sharp up move on the back of strong global cues on Monday and closed the day higher by 173 points. After opening with an upside gap of 194 points, the market shifted into a consolidation with positive bias for better part of the session. The opening upside gap has been filled partially.

A small red candle was formed on the daily chart with gap up opening. After a massive rally and a consolidation in the early part of February, the market bounced back smartly and sustained above the hurdle of 25800 levels. The opening upside gap of 3rd Feb is still open partially and that has been added with Monday's up gap. This is positive indication and signals a formation of bullish runaway gap, which are normally formed in the middle of uptrend.

The underlying trend of Nifty remains positive. The next upside levels to be watched around 26000 and 26350 in the near term. Immediate support is placed at 25700.

Nifty kicked off the week strongly, surging 173 points to close at 25867. It staged a 100-point recovery from the day's low after early profit booking, signaling clear bull control as it ended near the session high. NSE cash market volumes were higher by 6% compared to last trading session.

SBI, Shriram finance, and Grasim led gainers list of Nifty, while Max Health, NTPC, and ITC witnessed selling pressure and ended as top losers.

All sectoral indices closed in the green, led by Media, Consumer Durables, and Realty.

The broader market steals the show, significantly outperforming the benchmarks. The Nifty Midcap 100 climbed 1.58%, while the Nifty Smallcap 100 surged 2.64%. Market breadth was decisively bullish, with the BSE advance-decline ratio closing at a strong 2.45 level.

The rupee weakened 11 paise to 90.76 against the dollar, driven mainly by surging precious metal prices fueling importer dollar demand.

Having partially filled the prior gap range of 25108-25641, the index has firmly resumed its uptrend while holding above all key moving averages, backed by bullish MACD and RSI turns on daily/weekly charts. Short-term resistance looms near 26000, a break above could propel it toward fresh all-time highs beyond 26373. On the downside, the 25,450–25,500 zone remains a strong support.

The Indian rupee's early gains have hit a roadblock as a sharp rebound in precious metal prices stoked higher dollar demand from importers. Despite a recent recovery in global risk appetite following the Indo-US trade deal, the currency remains sensitive to persistent capital outflows, as foreign portfolio investors continue to recalibrate their Indian exposure.

The bias for the USDINR pair remains bullish until it breaks the 90 odd levels while get resistance at 91.10.

Today, the Indian equity markets started the week on a strong note and continued to gain through the day. The Sensex rose 0.58% to close at 84,065, while the Nifty 50 gained 0.68% to finish at 25,867.

Buying was broad based, with most sectors participating in the rally. Midcap and smallcap stocks outperformed the benchmarks, showing improved risk appetite beyond large index stocks.

Financials and cyclical stocks led the move. PSU banks were the key highlight, with State Bank of India jumping over 6%, lifting the Nifty Bank index. This reflects ongoing confidence in the banking sector, supported by healthy credit growth and improving asset quality. Other cyclical sectors such as metals, real estate, media and consumer durables rose 1-3%, pointing to optimism around domestic demand and the capex recovery.

Global cues were supportive. Market sentiment improved after Japan’s snap election resulted in a decisive victory for Prime Minister Sanae Takaichi’s Liberal Democratic Party. This led to a sharp rally in Japanese equities, with the Nikkei hitting record highs, and helped lift overall Asian market sentiment.

At home, sentiment was further supported by optimism around the recently announced India-US trade framework. Expectations of tariff reductions across several goods have improved export visibility and helped revive foreign investor interest.

The near term outlook for equities remains positive, supported by favourable global sentiment, strong domestic liquidity, healthy bank performance and trade related optimism. However, after a sharp rally, some profit taking and short term volatility cannot be ruled out.

Nifty opened with a gap up but surrendered most of its early gains within the first candle and then moved in a narrow sideways range for the rest of the session, ending at 25,867, up 0.68%. On the daily chart, the index formed a small-bodied candle with wicks on both sides, reflecting indecision. However, the close above the previous three days’ high is a constructive sign. The DI lines in the ADX indicator have started to widen slightly, suggesting that directional strength may be returning to the index.

On the sectoral front, Nifty Media ended the day as the top gainer with gains over 4%, followed by Nifty PSU Bank. On the other hand, Nifty CPSE ended the day as the top sectoral loser, closing the day 0.13% lower, followed by Nifty PSE. With regards to stocks, SBIN & Shriram Finance emerged as the top stock gainers amongst the Nifty pack while Maxhealth & NTPC emerged as the top two losers.

The Midcap index outperformed the benchmark and closed above the previous three-day range. Unlike Nifty, which turned sideways after the opening move, Midcaps showed steady buying interest through the session and closed at 60,441, up 1.58%, signalling improving participation in the broader market.

The Smallcap index outperformed both Nifty and Midcap, forming a sizeable bullish candle and closing above its 50-day EMA on the daily chart. A sustained move above current levels could lead to a continued extension of pullback in the coming sessions.

The market breadth improved as the advance-decline ratio was heavily skewed in the favour of bulls at day’s close. A total of 418 stocks out of the Nifty 500 universe ended in the green.

Nifty View

Going ahead, the immediate resistance for Nifty is placed in the 25,970–26,000 zone. Any sustainable move above this zone could result in Nifty extending its pullback towards 26,200, followed by 26,400 in the short term. On the downside, the zone of 25,780–25,750 zone is likely to act as an immediate support.

Bank Nifty View

Bank Nifty also opened with a strong gap up but quickly gave up most of the early gains and remained range-bound through the day. The 60,520–60,490 zone acted as a firm intraday support, with the index managing to hold above it consistently. On the daily chart, RSI has settled a tad above 60, indicating a strengthening bullish bias despite the intraday consolidation.

For Bank Nifty, the immediate resistance is placed in the 60,800–60,900 zone, making it a crucial supply area to watch. Any sustained move above this zone could lead to Index continuing its up move on the upside towards 61,300, followed by 61,600 in the near term. On the downside, the zone of 60,400–60,300 zone is likely to act as a strong support.

Positive signals from the trade deal, coupled with the return of FIIs, fuelled a risk-on sentiment in the market. Investors are closely watching upcoming results, with PSU banks delivering stronger-than-anticipated performance, helping the PSU bank index outperform. Meanwhile, an accumulation strategy was observed in consumer durables and real estate stocks following the recent correction, driven by expectations of a demand revival.

The recovery was broad-based, with sectors such as cement, capital goods, textiles, and consumer discretionary attracting investor interest, supported by union budget proposals and favourable trade deals.

Indian rupee erased all the intraday gains and near day's low at 90.76 per dollar on Monday against Friday's close of 90.66.

Indian equity indices ended on strong note with Nifty above 25,850 on February 9.

At close, the Sensex was up 485.35 points or 0.58 percent at 84,065.75, and the Nifty was up 173.60 points or 0.68 percent at 25,867.30. About 3003 shares advanced, 1181 shares declined, and 152 shares unchanged.

State Bank of India, Shriram Finance, Titan, Dr Reddy's Laboratories, Grasim Industries were among top gainers on the Nifty, while losers were Max Healthcare, Power Grid Corporation, ITC, ONGC, NTPC.

Nifty Midcap index rose 1.6% and smallcap index added 2.6%.

All the sectoral indices ended in the green with media, consumer durables, realty, PSU Bank, pharma, healthcare, metal up 1-3%.

Trident was quoting at Rs 28.32, up Rs 0.64, or 2.31 percent.

It has touched an intraday high of Rs 28.74 and an intraday low of Rs 27.82.

It was trading with volumes of 1,172,707 shares, compared to its five day average of 3,073,102 shares, a decrease of -61.84 percent.

EIH Associated Hotels was quoting at Rs 352.55, down Rs 4.85, or 1.36 percent.

It has touched an intraday high of Rs 379.95 and an intraday low of Rs 346.40.

It was trading with volumes of 1,754 shares, compared to its five day average of 1,903 shares, a decrease of -7.82 percent.

Tata Steel was quoting at Rs 202.00, up Rs 4.95, or 2.51 percent.

It has touched a 52-week high of Rs 206.40.

It has touched an intraday high of Rs 206.40 and an intraday low of Rs 197.55.

#1 Strong core earnings with 6 percent QoQ loan growth & 5 percent QoQ NII growth

#2 PAT was above estimate due to a Rs 2,200 crore dividend from SBI AMC & Rs 770 crore interest on tax refunds

#3 Reported NIM rose 2 bps QoQ, while core NIM ex-refund dipped 1 bps

#4 FY26 loan growth guidance was raised to 13–15 percent, with NIM expected to remain Above 3 percent in Q4

A search and seizure/inspection operation conducted by the Goods & Service Tax Department, Mumbai, Maharashtra, at Bharat Serums and Vaccines, a wholly owned unlisted subsidiary of the Company. The operation commenced on February 03, 2026 and concluded on February 08, 2026.

Mankind Pharma was quoting at Rs 2,081.00, up Rs 21.45, or 1.04 percent.

It has touched an intraday high of Rs 2,089.80 and an intraday low of Rs 2,056.20.

It was trading with volumes of 4,576 shares, compared to its five day average of 23,200 shares, a decrease of -80.28 percent.

The Sensex was up 465.44 points or 0.56 percent at 84,045.84, and the Nifty was up 171.40 points or 0.67 percent at 25,865.10. About 2906 shares advanced, 1077 shares declined, and 146 shares unchanged.

P N Gadgil Jewellers was quoting at Rs 593.90, up Rs 44.40, or 8.08 percent.

It has touched an intraday high of Rs 594.60 and an intraday low of Rs 555.

Bharat Electronics (BEL) has secured additional orders worth Rs 581 crore since the last disclosure on 23rd Jan 2026. Major orders received include communication equipment, radar warning receivers, tank sub systems, radar, software solutions, upgrades, spares, services etc.

Bharat Electronics was quoting at Rs 437.75, up Rs 8.20, or 1.91 percent.

It has touched an intraday high of Rs 439.45 and an intraday low of Rs 429.60.

#1 Q3 beat estimates, driven by higher other income & lower credit costs

#2 Loan growth improved to 15 percent, NII growth was peer-leading at 9 percent, fees grew 16 percent & credit costs remained low

#3 Deposit growth lagged at 9 percent, LDR headroom exists, slower deposit growth could limit NIM upside

State Bank of India was quoting at Rs 1,144.10, up Rs 77.70, or 7.29 percent.

It has touched a 52-week high of Rs 1,144.85.

It has touched an intraday high of Rs 1,144.85 and an intraday low of Rs 1,100.60.

It was trading with volumes of 2,232,948 shares, compared to its five day average of 524,290 shares, an increase of 325.90 percent.

Suprajit Engineering was quoting at Rs 449.95, down Rs 14.35, or 3.09 percent. It has touched an intraday high of Rs 474 and an intraday low of Rs 441.80. It was trading with volumes of 33,618 shares, compared to its five day average of 5,470 shares, an increase of 514.54 percent.

In the previous trading session, the share closed down 0.49 percent or Rs 2.30 at Rs 464.30. The share touched a 52-week high of Rs 517.20 and a 52-week low of Rs 352.05 on 24 September, 2025 and 07 April, 2025, respectively. Currently, the stock is trading 13 percent below its 52-week high and 27.81 percent above its 52-week low. Market capitalisation stands at Rs 6,171.97 crore.

Lloyds Enterprises was quoting at Rs 58.22, down Rs 1.70, or 2.84 percent.

It has touched an intraday high of Rs 62.78 and an intraday low of Rs 57.76.

It was trading with volumes of 185,944 shares, compared to its five day average of 117,302 shares, an increase of 58.52 percent.

QIB – 0.00 times

NII - 0.05 times

Retail – 0.29 times

Employee Reserved - 0.11 times

Overall – 0.07 times

Kaveri Seed Company was quoting at Rs 871.30, down Rs 19.35, or 2.17 percent.

It has touched an intraday high of Rs 919.95 and an intraday low of Rs 865.10.

It was trading with volumes of 6,244 shares, compared to its five day average of 2,790 shares, an increase of 123.78 percent.

Bajaj Electricals was quoting at Rs 399.00, down Rs 12.50, or 3.04 percent.

It has touched an intraday high of Rs 427.80 and an intraday low of Rs 399.00.

It was trading with volumes of 11,465 shares, compared to its five day average of 9,367 shares, an increase of 22.39 percent.

Banking stocks remained in focus, with State Bank of India leading gains across both banking indices, up over 7 percent on volumes of nearly 33 million shares. Among private lenders, IndusInd Bank rose 2.7 percent, Kotak Mahindra Bank gained 1.4 percent, while Axis Bank traded marginally higher. PSU banks outperformed, with Indian Bank and Bank of India up about 3 percent, Punjab & Sind Bank gaining 2.6 percent, and Indian Overseas Bank and Central Bank of India adding over 2 percent each, reinforcing the PSU-led banking rally.

#1 Profit declines 10.8 percent to Rs 324 crore Vs Rs 363.4 crore, YoY

#2 Revenue rises 4 percent to Rs 862.2 crore Vs Rs 828.8 crore, YoY

Sun TV Network was quoting at Rs 566.80, up Rs 29.55, or 5.50 percent.

It has touched an intraday high of Rs 572.60 and an intraday low of Rs 537.25.

It was trading with volumes of 35,971 shares, compared to its five day average of 9,162 shares, an increase of 292.60 percent.

Market breadth stayed decisively positive, with 34 of 50 Nifty stocks advancing against 16 declines, as the Nifty traded around 25,860, up about 0.7 percent. The broader Nifty 500 painted an even stronger picture, with 416 stocks in the green versus just 81 in the red, as the index rose over 1 percent, underscoring sustained risk-on sentiment through the session.

Selling pressure persisted in pockets of the midcap space, with Page Industries down nearly 2 percent. Hexaware Technologies and SAIL slipped about 1.7 percent each, while Oil India, Torrent Power, Balkrishna Industries, and CRISIL traded lower by around 1-1.5 percent.

Buying intensified in select midcap stocks, with Kalyan Jewellers surging over 13 percent to Rs 431. Crompton Greaves Consumer Electricals climbed nearly 7 percent, while Kaynes Technology advanced 6.6 percent. Aarti Industries, Godrej Properties, and Sun TV Network gained between 5-6 percent, reflecting continued appetite for midcap shares.

On the downside, HDFC Bank emerged as the biggest drag, shaving off over 40 points from the Sensex. ICICI Bank pulled the index down by nearly 35 points, while Infosys, Bharti Airtel and Bajaj Finserv also weighed modestly.

Heavyweight stocks continued to support the Sensex, led by Reliance Industries, which contributed 38 points with a near-1 percent rise. Bajaj Finance added 21 points, while Larsen & Toubro contributed 18 points. State Bank of India added nearly 17 points on a sharp 7 percent-plus rally, with HCL Technologies contributing 15 points.

Sectorally, buying was led by Nifty Media, up nearly 4 percent, and Nifty Consumer Durables, which climbed over 3 percent. Nifty PSU Bank gained more than 3 percent, while Nifty Realty rose 2.6 percent. Broader markets continued to outperform, with the Nifty Midcap 100 up 1.4 percent and the Nifty Smallcap 100 advancing 2.3 percent. Volatility eased slightly, with India Vix slipping to around 12 despite the firm market tone.

On the downside, Max Healthcare slipped 2.5 percent, emerging as the top Nifty loser. Power Grid, ICICI Bank, ONGC and ITC were down between 0.9-1.3 percent, while Infosys, NTPC, Maruti Suzuki, Nestle and HDFC Bank also traded marginally lower.

State Bank of India remained the biggest gainer on the Nifty, rising nearly 7 percent to Rs 1,139. Shriram Finance jumped 4.6 percent, while Grasim gained just over 3 percent. Trent, Tata Steel, UltraTech Cement and Titan Company were also among the top gainers, each rising over 2 percent.

#1 Profit declines 9.8 percent to Rs 101 crore Vs Rs 111.9 crore, YoY

#2 Revenue increases 7.3 percent to Rs 1,898.3 crore Vs Rs 1,769.4 crore, YoY

#3 Exceptional loss stands at Rs 20 crore Vs Nil, YoY

Crompton Greaves Consumer Electrical was quoting at Rs 260.75, up Rs 15.90, or 6.49 percent.

It has touched an intraday high of Rs 261.70 and an intraday low of Rs 243.10.

It was trading with volumes of 186,298 shares, compared to its five day average of 167,845 shares, an increase of 10.99 percent.

#1 Loss stands at Rs 8 crore Vs Profit of Rs 41.5 crore, YoY

#2 Revenue jumps 10.2 percent to Rs 883.5 crore Vs Rs 801.5 crore, YoY

#3 Exceptional loss stands at Rs 56.32 crore Vs Nil

GMM Pfaudler was quoting at Rs 959.00, down Rs 35.45, or 3.56 percent.

It has touched a 52-week low of Rs 944.25.

It has touched an intraday high of Rs 979.80 and an intraday low of Rs 944.25.

#1 Profit drops 67.6 percent to Rs 9.1 crore Vs Rs 28 crore, YoY

#2 Revenue slips 9.7 percent to Rs 195.7 crore Vs Rs 216.6 crore, YoY

Sula Vineyards was quoting at Rs 191.70, up Rs 3.35, or 1.78 percent.

It has touched an intraday high of Rs 191.70 and an intraday low of Rs 179.70.

It was trading with volumes of 67,134 shares, compared to its five day average of 31,990 shares, an increase of 109.86 percent.

#1 Profit falls 0.6 percent to Rs 104.4 crore Vs Rs 105 crore, YoY

#2 Revenue grows 8.4 percent to Rs 3,080.6 crore Vs Rs 2,842.8 crore, YoY

#3 Labour code impact stands at Rs 31.28 crore Vs Nil, YoY

#4 Other income drops to Rs 11.4 crore Vs Rs 21.49 crore, YoY

Sonata Software was quoting at Rs 314.80, up Rs 8.70, or 2.84 percent.

It has touched an intraday high of Rs 314.80 and an intraday low of Rs 305.85.

It was trading with volumes of 25,584 shares, compared to its five day average of 37,577 shares, a decrease of -31.92 percent.

#1 Profit drops 1.1 percent to Rs 143.3 crore Vs Rs 144.8 crore, YoY

#2 Revenue declines 12.2 percent to Rs 1,139.5 crore Vs Rs 1,297.6 crore, YoY

#1 Profit sinks 39.7 percent to Rs 26.5 crore Vs Rs 44 crore, YoY

#2 Revenue rises 4 percent to Rs 1,773.8 crore Vs Rs 1,704.9 crore, YoY

#3 Exceptional loss stands at Rs 38.84 crore Vs Nil, YoY

Whirlpool of India was quoting at Rs 898.95, up Rs 42.05, or 4.91 percent.

It has touched an intraday high of Rs 899.30 and an intraday low of Rs 854.30.

It was trading with volumes of 48,916 shares, compared to its five day average of 71,592 shares, a decrease of -31.67 percent.

#1 Profit grows four-fold to Rs 207.8 crore Vs Rs 52.6 crore, YoY

#2 Revenue jumps 15 percent to Rs 4,223 crore Vs Rs 3,673.7 crore, YoY

JK Tyre and Industries was quoting at Rs 569.05, up Rs 26.65, or 4.91 percent.

It has touched a 52-week high of Rs 582.75.

It has touched an intraday high of Rs 582.75 and an intraday low of Rs 538.35.

It was trading with volumes of 381,040 shares, compared to its five day average of 103,417 shares, an increase of 268.45 percent.

#1 Profit zooms 73.1 percent to Rs 31.3 crore Vs Rs 18.1 crore, YoY

#2 Revenue surges 43.8 percent to Rs 1,277.9 crore Vs Rs 888.7 crore, YoY

#1 Profit declines 39.8 percent to Rs 53.4 crore Vs Rs 88.7 crore, YoY

#2 Revenue grows 29.2 percent to Rs 997.7 crore Vs Rs 772.4 crore, YoY

#3 Other income falls to Rs 5.2 crore Vs Rs 17.8 crore, YoY

Krishna Institute of Medical Sciences was quoting at Rs 643.80, up Rs 48.85, or 8.21 percent.

It has touched an intraday high of Rs 651.10 and an intraday low of Rs 590.65.

It was trading with volumes of 25,904 shares, compared to its five day average of 4,103 shares, an increase of 531.34 percent.

#1 Profit spikes 98 percent to Rs 15.4 crore Vs Rs 7.8 crore, YoY

#2 Revenue jumps 18.4 percent to Rs 230.9 crore Vs Rs 195 crore, YoY

Reliance Consumer Products, the FMCG subsidiary of Reliance Industries, has acquired a majority stake in Australia’s popular “better-for-you” beverage company, Goodness Group Global (GGG).

Under the strategic partnership, Reliance Consumer Products will help promote Goodness Group’s flagship healthy beverage brands, such as Nexba and PACE—a hydration brand co-created with Australian cricket captain Pat Cummins—across new markets, including India.

Reliance Industries was quoting at Rs 1,463.50, up Rs 12.65, or 0.87 percent.

It has touched an intraday high of Rs 1,465.75 and an intraday low of Rs 1,453.15.

The company’s Active Pharmaceutical Ingredients (API) manufacturing facility at Tarapur (Palghar, Maharashtra) has received the Establishment Inspection Report, classifying the facility as Voluntary Action Indicated (VAI). This indicates that the facility is in a minimally acceptable state of compliance with current good manufacturing practices (CGMP).

The US FDA inspected the said manufacturing facility from December 1 and December 5, 2025.

Ipca Laboratories was quoting at Rs 1,444.90, up Rs 20.65, or 1.45 percent.

It has touched an intraday high of Rs 1,445.00 and an intraday low of Rs 1,416.15.

It was trading with volumes of 3,148 shares, compared to its five day average of 12,196 shares, a decrease of -74.19 percent.

Power Finance Corporation said on February 6 its board had approved an in-principle merger with Rural Electrification Corporation Ltd.

PFC said it acquired 52.63% of government's holding in REC.

Power Finance Corporation was quoting at Rs 417.25, down Rs 1.95, or 0.47 percent. It has touched an intraday high of Rs 430.75 and an intraday low of Rs 405.30.

REC was quoting at Rs 360.50, down Rs 12, or 3.22 percent. It has touched an intraday high of Rs 378 and an intraday low of Rs 354.45.

Graphite India was quoting at Rs 629.40, up Rs 10.20, or 1.65 percent.

It has touched an intraday high of Rs 650.00 and an intraday low of Rs 620.20.

It was trading with volumes of 146,221 shares, compared to its five day average of 52,936 shares, an increase of 176.22 percent.

Zydus Lifesciences was quoting at Rs 922.75, up Rs 34.90, or 3.93 percent.

It has touched an intraday high of Rs 926.50 and an intraday low of Rs 885.

It was trading with volumes of 34,107 shares, compared to its five day average of 30,547 shares, an increase of 11.65 percent.

Fitch Ratings has revised the outlook on the company’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from Stable to Positive, while affirming the rating at ‘BB-’. Fitch has also affirmed the ‘BB’ rating on the company’s $800 million secured notes issued by its subsidiary, Biocon Biologics Global Plc.

Fitch said the positive outlook reflects its expectation of a sustained reduction in Biocon’s financial leverage following the reduction of liabilities using proceeds from a recent equity issuance.

Biocon was quoting at Rs 374.00, up Rs 8.80, or 2.41 percent.

It has touched an intraday high of Rs 374.90 and an intraday low of Rs 366.45.

It was trading with volumes of 30,367 shares, compared to its five day average of 85,639 shares, a decrease of -64.54 percent.

The NBFC sector has demonstrated steady and resilient growth, with overall credit expanding at a CAGR of approximately 13.2% between Fiscals 2019 and 2025. During this period, the non-retail segment, including secured MSME, hypothecation MSME, and unsecured MSME loans, grew at a healthy CAGR of around 11.5%, reflecting sustained demand from the MSME ecosystem. Robust growth was seen in the NBFC AUMs as well, growing at a 6-year CAGR of 13.2% from Rs. 23 trillion in Fiscal 2019 to Rs. 48 trillion as of Fiscal 2025. NBFCs have also strengthened their presence in small-ticket loans (up to Rs 0.5 million), with market share increasing from 33.36% in Fiscal 2019 to 46.09% in Fiscal 2025, underscoring their strong positioning in granular MSME.

lending. Secured business loans have emerged as a fast-growing segment, registering a CAGR of 54.8%, driven by rising capital needs and greater acceptance of collateral-backed financing.

Unsecured business loans have also grown at a robust CAGR of 32.58%. Overall, the outlook for NBFC-led MSME financing remains positive, supported by structural demand and deeper financial inclusion. In this evolving landscape, Aye Finance Limited, as an NBFC-ML focused on MSME lending, is strategically positioned to capitalize on the sustained growth opportunity in the segment. With its focus on small-ticket, secured, and semi-secured business loans, the company caters to underserved micro enterprises that remain largely outside the formal credit ecosystem. Investors may consider the IPO as a potential long-term investment opportunity.

The company has executed a Memorandum of Understanding to acquire 100 percent equity shares in Veera Tanneries for Rs 175 crore, subject to the deduction of applicable taxes.

Force Motors was quoting at Rs 22,299, up Rs 880.15, or 4.11 percent.

It has touched a 52-week high of Rs 22,436.

It has touched an intraday high of Rs 22,436 and an intraday low of Rs 21,500.

KPR Mill was quoting at Rs 992.00, up Rs 14.95, or 1.53 percent.

It has touched an intraday high of Rs 1,013.40 and an intraday low of Rs 983.00.

It was trading with volumes of 37,486 shares, compared to its five day average of 114,441 shares, a decrease of -67.24 percent.

Jyothy Labs was quoting at Rs 244.00, down Rs 0.05, or 0.02 percent.

It has touched an intraday high of Rs 248.55 and an intraday low of Rs 241.50.

It was trading with volumes of 36,897 shares, compared to its five day average of 24,109 shares, an increase of 53.04 percent.

Bondada Engineering has successfully commissioned 69.51 MWp of solar power projects executed for Paradigm IT, MAHAGENCO, and NLC India Limited, spanning multiple locations across Hingoli, Achalpur, Bhusawal, and Vajiapur in Maharashtra, as well as Neyveli in Tamil Nadu during January 2026.

Bondada Engineering was quoting at Rs 348.75, up Rs 10.55, or 3.12 percent.

It has touched an intraday high of Rs 350.00 and an intraday low of Rs 336.

#1 Stronger-than-expected Q3, with core PPoP & PBT beating estimates by 4-11 percent

#2 Loan growth picked up from 13 percent to 15 percent YoY & sequential loan growth outperformed PSU as well as large private banks

#3 Margin improved 2 bps QoQ to 3 percent due to a lower cost of deposits

#4 Slippages declined sequentially & credit costs were much better than expected

The Sensex was up 399.91 points or 0.48 percent at 83,980.31, and the Nifty was up 143.20 points or 0.56 percent at 25,836.90. About 2872 shares advanced, 1018 shares declined, and 135 shares unchanged.

Sri Lotus Developers and Realty was quoting at Rs 149.30, up Rs 2.80, or 1.91 percent.

It has touched an intraday high of Rs 152.45 and an intraday low of Rs 147.50.

It was trading with volumes of 61,580 shares, compared to its five day average of 47,355 shares, an increase of 30.04 percent.

QIB – 0.00 times

NII - 0.01 times

Retail – 0.17 times

Overall – 0.03 times

Zydus Lifesciences, Aurobindo Pharma, All Time Plastics, Amber Enterprises India, Bajaj Electricals, Bata India, Enviro Infra Engineers, PNGS Gargi Fashion Jewellery, GlaxoSmithKline Pharmaceuticals, Happiest Minds Technologies, Navin Fluorine International, P N Gadgil Jewellers, Ramco Cements, Sun Pharma Advanced Research Company, Trident, and Vadilal Industries will release quarterly earnings today.

Aarti Industries was quoting at Rs 462.85, up Rs 21.95, or 4.98 percent.

It has touched an intraday high of Rs 463.95 and an intraday low of Rs 443.85.

It was trading with volumes of 66,802 shares, compared to its five day average of 391,724 shares, a decrease of -82.95 percent.

QIB – 0.00 times

NII - 0.04 times

Retail – 0.22 times

Employee Reserved - 0.09 times

Overall – 0.05 times

#1 Profit slips 3.5 percent to Rs 190.4 crore Vs Rs 197.4 crore, YoY

#2 Revenue declines 3.3 percent to Rs 1,276 crore Vs Rs 1,319.1 crore, YoY

Sarda Energy and Minerals was quoting at Rs 513.40, down Rs 15.55, or 2.94 percent.

It has touched an intraday high of Rs 516.75 and an intraday low of Rs 491.50.

It was trading with volumes of 74,625 shares, compared to its five day average of 19,786 shares, an increase of 277.15 percent.

Man Industries (India) was quoting at Rs 388.65, up Rs 25.45, or 7.01 percent.

It has touched an intraday high of Rs 397.00 and an intraday low of Rs 368.15.

It was trading with volumes of 43,458 shares, compared to its five day average of 15,046 shares, an increase of 188.83 percent.

The company has announced an investment of Rs 515 crore to set up a new greenfield manufacturing facility in Tamil Nadu as part of its capacity expansion and supply-chain strengthening strategy. The facility will manufacture iodised vacuum salt dried (IVSD) and will have an installed capacity of 210 kilo tonnes per annum (KTPA).

Tata Chemicals expects to complete the project within 36 months and will fund the investment through internal accruals and/or external financing.

Tata Chemicals was quoting at Rs 711.15, up Rs 7.05, or 1.00 percent.

It has touched an intraday high of Rs 718.95 and an intraday low of Rs 706.15.

It was trading with volumes of 39,444 shares, compared to its five day average of 37,272 shares, an increase of 5.83 percent.

#1 Core earnings surpassed expectations

#2 Broad-based growth across SME, corporate, agri & xpress credit led management to raise FY26 loan growth guidance to 13-15 percent

#3 NIMs are expected to sustain at or above 3 percent

#4 Disciplined underwriting and recoveries should support asset quality

State Bank of India was quoting at Rs 1,140.60, up Rs 74.20, or 6.96 percent.

It has touched a 52-week high of Rs 1,140.70.

It has touched an intraday high of Rs 1,140.70 and an intraday low of Rs 1,100.60.

Indian rupee is trading higher at 90.42 per dollar against Friday's close of 90.66.

Sky Gold and Diamonds was quoting at Rs 348.00, up Rs 28.50, or 8.92 percent.

It has touched an intraday high of Rs 349.30 and an intraday low of Rs 315.10.

It was trading with volumes of 65,175 shares, compared to its five day average of 32,034 shares, an increase of 103.46 percent.

QIB – 0.00 times

NII - 0.00 times

Retail – 0.15 times

Overall – 0.03 times

QIB – 0.00 times

NII - 0.04 times

Retail – 0.20 times

Employee Reserved - 0.08 times

Overall – 0.05 times

The United States Food and Drug Administration (US FDA) inspected Unit III, a formulation manufacturing facility of Eugia Pharma Specialities—a wholly owned subsidiary of the company—at Pashamylaram, Telangana, from January 27 to February 6.

The inspection concluded with 11 observations, which the company said are procedural in nature.

Aurobindo Pharma was quoting at Rs 1,196.00, up Rs 4.85, or 0.41 percent.

It has touched an intraday high of Rs 1,198.35 and an intraday low of Rs 1,171.45.

It was trading with volumes of 14,251 shares, compared to its five day average of 70,326 shares, a decrease of -79.74 percent.

#1 Profit soars 28.7 percent to Rs 23.5 crore Vs Rs 18.2 crore, YoY

#2 Revenue increases 21.4 percent to Rs 210.4 crore Vs Rs 173.4 crore, YoY

SMS Pharmaceuticals was quoting at Rs 320.70, up Rs 4.70, or 1.49 percent.

It has touched an intraday high of Rs 339.80 and an intraday low of Rs 311.65.

It was trading with volumes of 19,796 shares, compared to its five day average of 6,302 shares, an increase of 214.14 percent.

#1 Profit soars 24.5 percent to Rs 21,028.2 crore Vs Rs 16,891.4 crore, YoY

#2 Net interest income grows 9 percent to Rs 45,190.4 crore Vs Rs 41,445.5 crore, YoY

#3 Other income zooms 66.3 percent to Rs 18,358.5 crore Vs Rs 11,040.8 crore, YoY

#4 Operating Profit jumps 39.5 percent to Rs 32,862.4 crore Vs Rs 23,550.8 crore, YoY

#5 Provisions and contingences spike 5-fold to Rs 4,506.9 crore Vs Rs 911.1 crore, YoY

#6 Gross NPA falls to 1.57 percent Vs 1.73 percent, QoQ

#7 Net NPA declines to 0.39 percent Vs 0.42 percent, QoQ

Tata Consultancy Services (TCS) has partnered the Flight Central Travel Group to support its global digital transformation journey.

Flight Centre Travel Group (FCTG) is one of the world’s largest travel groups with a vast leisure and corporate travel sales network spanning Australia and New Zealand, The Americas, EMEA and Asia.

Tata Consultancy Services was quoting at Rs 2,954.00, up Rs 12.55, or 0.43 percent.

It has touched an intraday high of Rs 2,979.95 and an intraday low of Rs 2,938.00.

It was trading with volumes of 38,028 shares, compared to its five day average of 400,758 shares, a decrease of -90.51 percent.

During the quarter, Max Estates launched Phase 1 of Estate 361 in Sector 36A, Gurugram, with a Gross Development Value (GDV) of approximately INR 2,500 crore.

The company reported pre-sales of over Rs 1,900 crore in Gurugram.

Average price realisation at Estate 361 currently stands at Rs 22,000 per sq. ft., reflecting a significant premium to the prevailing micro-market as well as to the Company’s earlier project, Estate 360.

Max Estates was quoting at Rs 392.55, up Rs 15.05, or 3.99 percent.

It has touched an intraday high of Rs 394 and an intraday low of Rs 374.90.

It was trading with volumes of 124,012 shares, compared to its five day average of 11,350 shares, an increase of 992.64 percent.

Zydus Lifesciences, Aurobindo Pharma, All Time Plastics, Amber Enterprises India, Bajaj Electricals, Bata India, Enviro Infra Engineers, PNGS Gargi Fashion Jewellery, GlaxoSmithKline Pharmaceuticals, Happiest Minds Technologies, Navin Fluorine International, P N Gadgil Jewellers, Ramco Cements, Sun Pharma Advanced Research Company, Trident, and Vadilal Industries will release quarterly earnings today.

Selling pressure was visible in select midcap stocks, with Patanjali Foods slipping 2.4 percent to Rs 512, emerging as the top loser on the BSE Midcap index. Page Industries declined 1.8 percent to Rs 34,880, while CRISIL fell 1.7 percent. Oil India, Balkrishna Industries, Hexaware Technologies, Kansai Nerolac, and MRF also traded lower, down between 0.8-1.4 percent.

Buying interest remained strong in midcap stocks, with Kalyan Jewellers surging 10.4 percent to Rs 419, emerging as the top gainer on the BSE Midcap index. Godrej Properties rose 5.6 percent to Rs 1,794, while Crompton Greaves Consumer Electricals gained nearly 5 percent. Kaynes Technology advanced 4.8 percent, Aarti Industries climbed 4.4 percent, and Sun TV Network added just over 4 percent.

Broader markets continued to outperform the benchmarks, with the Nifty Midcap 100 up 1.3 percent and the Nifty Smallcap 100 gaining 2.1 percent, signalling strong risk appetite beyond large caps. Meanwhile, volatility edged higher, with India VIX rising 1.8 percent to 12.15, even as equities held on to solid gains.