Closing Bell: IT meltdown sinks market; Sensex cracks 1048 pts, Nifty below 25,500

Indian equity benchmarks ended sharply lower on February 13, with the Nifty 50 closing below the 25,500 mark amid broad-based selling pressure. At close, the Sensex was down 1,048.16 points or 1.25 percent at 82,626.76, and the Nifty was down 336.10 points or 1.30 percent at 25,471.10.

We wrap up today's edition of the Moneycontrol live market blog, and will be back Monday 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 a negative bias on Friday and remained under pressure for most of the session, with the Nifty slipping sharply as selling in heavyweight technology stocks intensified. After a weak start, the benchmark index moved in a narrow range during the first half, but the decline deepened as the session progressed. It eventually settled near the day’s low to close at 25,471.10. Selling was broad-based, with IT stocks among the top losers, while weakness was also visible in the metal, realty, and FMCG segments.

Investor sentiment weakened as global technology stocks stayed under pressure, reinforcing risk-off behaviour in domestic markets. In addition, the absence of any fresh positive domestic triggers kept the overall mood subdued.

The sharp fall in the IT pack has significantly altered the market tone, and a break below the 25,400 mark could open the door for a move toward the 25,100 gap area. On the upside, the 25,700–26,000 zone is likely to act as a strong resistance band in case of any recovery. Apart from IT, FMCG and realty also appear vulnerable to further declines, while banking, auto, energy, and select metal stocks may continue to show relatively better strength. Participants should align their positions accordingly and keep position sizes under control in light of the renewed weakness.

Today, the equities continued their recent decline, ending sharply lower due to heavy sell off in every sector. The Sensex fell around 1,048 points to close near 82,626, while the Nifty 50 dropped by 1.30% to close around 25,471. Market breadth was clearly weak, with declining stocks outnumbering advancing ones.

The fall was mainly driven by the IT, metals, and realty sector. The Nifty IT index declined about 5% but recovered by the end of the day and closed around negative 1.44%. Large cap names such as Infosys, TCS, Wipro, and Tech Mahindra saw significant selling pressure. The weakness was triggered by a global selloff in technology stocks and rising concerns that rapid advancements in artificial intelligence could disrupt traditional IT outsourcing models.

Sentiment was further affected by sharp overnight declines in US-listed ADRs of Infosys and Wipro, along with a more than 2% drop in the Nasdaq ahead of key US inflation data. Strong US economic data have reduced expectations of early rate cuts by the Federal Reserve, putting pressure on global growth and technology stocks.

Selling was not limited to IT, as mid and small cap stocks fell between 1.7% and 2%, and most sectoral indices ended in the red. However, domestic focused sectors such as autos, capital goods, telecom, and financials continue to show relatively better earnings momentum, offering some medium term support despite near term volatility.

#1 Market ends largely in the red, Sensex & Nifty fall nearly 1% each

#2 IT sell-off leads to a negative return for market this week

#3 IT index is down 8% this week, biggest weekly fall in a year

#4 IT index erases market cap of nearly Rs 3 lakh crore this week

#5 Defence & PSU Bank stocks outperform, climb nearly 4% each

Nifty opened with a gap down and stayed confined to a 186-point range through the session. On the daily chart, it formed a bearish candle. Importantly, the index has slipped below its 20, 50 and 100-day EMAs, which weakens the short-term trend structure. In ADX, DI− has crossed above DI+, signalling rising bearish dominance, while RSI has dropped below the 50 mark and continues to trend lower which is another sign of fading momentum.

On the sectoral front, none of the sectors closed in the green. On the other hand, Nifty Metal ended the day as the top sectoral loser, closing the day 3.31% lower, followed by Nifty Capital Market. With regards to stocks, Bajaj Finance & Eicher Motors emerged as the top stock gainers amongst the Nifty pack while Hindalco & Hindustan Unilever emerged as the top two losers.

The Midcap index opened weak and drifted lower initially but saw a strong rebound from intraday lows before giving up gains in the second half of the day. The Index however found strong support from its 100-day EMA, indicating strong presence of buyers at lower levels despite the Intraday weakness.

The Smallcap index also formed a sizeable bearish candle with a minor lower wick, again indicating buying on dips. After slipping below its 20-day EMA during the session, it recovered during the day but failed to give a strong close above the same at day’s close.

The market breadth was weak as the advance-decline ratio was heavily skewed in the favour of bears at day’s close. A total of 431 stocks out of the Nifty 500 universe ended in the red.

Nifty View

Going ahead, the immediate support for Nifty is placed in the 25,450–25,400 zone. Any sustainable move below this zone could result in Nifty filling its gap on the downside and move towards 25,200, followed by 25,000 in the short term. On the upside, the 50-day EMA zone of 25,650–25,700 zone is likely to act as an immediate resistance.

Bank Nifty View

Bank Nifty traded within a 431-point range over the last four sessions and has now broken below the lower end of the consolidation zone. The breakdown was accompanied by a bearish daily candle. RSI, which had plateaued near 60, has started turning down, suggesting bulls are losing grip around the key support area.

For Bank Nifty, the immediate support is placed in the 20-day EMA zone of 60,000–59,900. Any sustained move below this zone could lead to Index extending its weakness on the downside towards 59,500, followed by 59,000 in the short term. On the upside, the zone of 60,500–60,600 zone is likely to act as an immediate support.

Domestic equities ended lower following a highly volatile session, weighed down by weak global cues ahead of the upcoming US inflation data. Sentiment gains from the US–India trade deal have faded as renewed AI driven disruption fears weigh on risk appetite, with markets worrying that Indian IT firms dependent on labour arbitrage model may face tougher competitive pressure than their Nasdaq peers.

This cautious tone extended across the broader market, pulling all major indices into negative territory, with most sectors closing in the red.

Metal stocks saw profit booking amid a stronger dollar index, as reports of Russia’s return to the US dollar settlement system heightened expectations of potential sanctions relief and raised concerns over weaker realisations for metal companies. Realty stocks declined on the back of weak results and delayed launches.

The Nifty opened gap-down, reflecting early weakness in IT stocks following negative cues from the US markets. At the end, the Nifty ended the session significantly lower. India VIX also moved back above its 200DMA, indicating rising fear among the market participants.

From a technical standpoint, the setup has turned relatively cautious, with the index slipping below its 20DMA for the first time in the past few sessions. Additionally, it has breached the 38.2% Fibonacci retracement of the prior upmove from 24,571 to 26,341.

With the index closing below the key support level of 25,500, the near-term bias appears weak, and there is potential for a decline toward the 25,000 mark in the short term. On the upside, immediate resistance is seen around 25,800.

Indian rupee ended marginally lower at 90.64 per dollar on Friday versus previous close of 90.60.

Indian equity benchmarks ended sharply lower on February 13, with the Nifty 50 closing below the 25,500 mark amid broad-based selling pressure.

At close, the Sensex was down 1,048.16 points or 1.25 percent at 82,626.76, and the Nifty was down 336.10 points or 1.30 percent at 25,471.10. About 1236 shares advanced, 2784 shares declined, and 148 shares unchanged.

Among the top laggards on the Nifty were Hindalco Industries, Hindustan Unilever, Eternal, Adani Enterprises, and ONGC. On the other side, Bajaj Finance, Eicher Motors, SBI Life Insurance, State Bank of India, and Cipla managed to close in positive territory.

Sectorally, all major indices ended in the red. Energy, Metal, and Realty indices declined 2–3 percent each, while IT, Consumer Durables, FMCG, Telecom, Infra, Auto, Power, PSU, and Oil & Gas indices fell around 1 percent each.

Broader markets also witnessed heavy selling, with the Nifty Midcap and Smallcap indices shedding nearly 2 percent each.

#1 Underlying earnings are robust & should continue to improve

#2 Large increase in net debt was partly driven by higher working capital in India, which should reverse

#3 South32 aluminium production guidance cut highlights a tight market

Hindalco Industries was quoting at Rs 908.65, down Rs 55.65, or 5.77 percent.

It has touched an intraday high of Rs 930 and an intraday low of Rs 901.90.

It was trading with volumes of 450,015 shares, compared to its five day average of 196,302 shares, an increase of 129.25 percent.

HDFC Bank was quoting at Rs 905.95, down Rs 14.50, or 1.58 percent.

It has touched an intraday high of Rs 928.15 and an intraday low of Rs 905.55.

It was trading with volumes of 4,012,132 shares, compared to its five day average of 1,377,075 shares, an increase of 191.35 percent.

In the previous trading session, the share closed down 0.71 percent or Rs 6.60 at Rs 920.45.

The share touched a 52-week high of Rs 1,020.35 and a 52-week low of Rs 830.80 on 23 October, 2025 and 24 February, 2025, respectively.

Currently, the stock is trading 11.21 percent below its 52-week high and 9.05 percent above its 52-week low.

Market capitalisation stands at Rs 1,394,083.57 crore.

Kotak Mahindra Bank was quoting at Rs 421.30, down Rs 4.95, or 1.16 percent.

It has touched an intraday high of Rs 428.30 and an intraday low of Rs 419.50.

It was trading with volumes of 3,263,008 shares, compared to its five day average of 1,195,895 shares, an increase of 172.85 percent.

In the previous trading session, the share closed down 0.76 percent or Rs 3.25 at Rs 426.25.

The share touched a 52-week high of Rs 460.31 and a 52-week low of Rs 378.98 on 22 April, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 8.47 percent below its 52-week high and 11.17 percent above its 52-week low.

Market capitalisation stands at Rs 419,044.23 crore.

NLC India was quoting at Rs 259.95, up Rs 0.40, or 0.15 percent.

It has touched an intraday high of Rs 259.95 and an intraday low of Rs 249.40.

It was trading with volumes of 66,795 shares, compared to its five day average of 67,350 shares, a decrease of -0.82 percent.

#1 Management confident, ‘unified India’ strategy to drive agility

#2 Portfolio simplification & premium focus

#3 Q3 broadly in-line, re-rating awaits growth pickup

Hindustan Unilever was quoting at Rs 2,301.80, down Rs 108.25, or 4.49 percent.

It has touched an intraday high of Rs 2,400.00 and an intraday low of Rs 2,301.25.

It was trading with volumes of 154,175 shares, compared to its five day average of 74,774 shares, an increase of 106.19 percent.

#1 Strong operating beat, execution improving

#2 LCA Mk1A delivery near-term catalyst, 5 ready, 9 built/flown

#3 23% PAT CAGR seen over FY25–28

#4 Valuation at 21x FY28F EPS seen reasonable vs grow

The Sensex was down 946.16 points or 1.13 percent at 82,728.76, and the Nifty was down 302.80 points or 1.17 percent at 25,504.40. About 1176 shares advanced, 2679 shares declined, and 110 shares unchanged.

#1 Iveco missed FCF guidance as bus production was hit

#2 Industrial EBIT margin stood at 5.8%, driven by powertrain

#3 EU outlook is slightly positive, while South America is expected to decline

#4 Supply chain issues at Iveco are expected to normalize in CY26

#5 Potentially freeing up EUR 200 million in working capital

Tata Motors was quoting at Rs 484.80, down Rs 13.15, or 2.64 percent.

It has touched an intraday high of Rs 498.90 and an intraday low of Rs 481.60.

It was trading with volumes of 572,127 shares, compared to its five day average of 1,137,387 shares, a decrease of -49.70 percent.

#1 Weak results with EBITDA down 4% YoY, coming 3% below est, while volume was in-line

#2 Capacity expansion at Dahej by March, 2026 has limited committed offtake so far

#3 Progress on the PDHPP project has been slow

#4 Company is proceeding with an LNG terminal on the east coast, where it faces stiff competition.

#5 FY26-27E EBITDA cut by 8%/6% on earnings miss & lower marketing margin

Petronet LNG was quoting at Rs 290.90, down Rs 6.05, or 2.04 percent.

It has touched an intraday high of Rs 294.70 and an intraday low of Rs 286.15.

It was trading with volumes of 38,935 shares, compared to its five day average of 73,996 shares, a decrease of -47.38 percent.

Siemens Energy India was quoting at Rs 2,759.45, up Rs 28.55, or 1.05 percent.

It has touched an intraday high of Rs 2,850.00 and an intraday low of Rs 2,683.60.

#1 Q3 EBITDA beat by 30%, Mamaearth growth in teens

#2 Margin improving on execution focus

#3 EPS raised 7–18% for FY26–28

#4 Sustained growth delivery remains key

Honasa Consumer was quoting at Rs 306.15, up Rs 7.10, or 2.37 percent.

It has touched an intraday high of Rs 319.55 and an intraday low of Rs 299.

In the previous trading session, the share closed up 2.24 percent or Rs 6.55 at Rs 299.05.

The share touched a 52-week high of Rs 334 and a 52-week low of Rs 190 on 09 June, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 8.34 percent below its 52-week high and 61.13 percent above its 52-week low.

Market capitalisation stands at Rs 9,961.20 crore.

Bharti Airtel has bought 32.73 lakh shares from Feb 5-10.

INDUS TOWERS was quoting at Rs 465.60, down Rs 8.45, or 1.78 percent.

It has touched an intraday high of Rs 471.70 and an intraday low of Rs 464.00.

It was trading with volumes of 216,351 shares, compared to its five day average of 431,097 shares, a decrease of -49.81 percent.

In the previous trading session, the share closed up 1.50 percent or Rs 7.00 at Rs 474.05.

The share touched a 52-week high of Rs 475.00 and a 52-week low of Rs 312.60 on 12 February, 2026 and 03 September, 2025, respectively.

Currently, the stock is trading 1.98 percent below its 52-week high and 48.94 percent above its 52-week low.

Market capitalisation stands at Rs 122,832.86 crore.

#1 Management confident, ‘unified India’ strategy to drive agility

#2 Portfolio simplification & premium focus

#3 Q3 broadly in-line, re-rating awaits growth pickup

Hindustan Unilever was quoting at Rs 2,316.20, down Rs 93.85, or 3.89 percent.

It has touched an intraday high of Rs 2,400.00 and an intraday low of Rs 2,314.20.

It was trading with volumes of 140,640 shares, compared to its five day average of 74,774 shares, an increase of 88.09 percent.

Alkem Laboratories was quoting at Rs 5,701, down Rs 157.30, or 2.69 percent.

It has touched an intraday high of Rs 5,855 and an intraday low of Rs 5,682.15.

In the previous trading session, the share closed down 0.50 percent or Rs 29.55 at Rs 5,858.30.

The share touched a 52-week high of Rs 5,933 and a 52-week low of Rs 4,498.90 on 13 January, 2026 and 28 February, 2025, respectively.

Currently, the stock is trading 3.91 percent below its 52-week high and 26.72 percent above its 52-week low.

Market capitalisation stands at Rs 68,164.01 crore.

Ipca Laboratories was quoting at Rs 1,484.85, up Rs 9.45, or 0.64 percent.

It has touched an intraday high of Rs 1,503.35 and an intraday low of Rs 1,430.

It was trading with volumes of 17,100 shares, compared to its five day average of 88,400 shares, a decrease of -80.66 percent.

In the previous trading session, the share closed up 2.94 percent or Rs 42.10 at Rs 1,475.40.

The share touched a 52-week high of Rs 1,594.55 and a 52-week low of Rs 1,200.00 on 25 July, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 6.88 percent below its 52-week high and 23.74 percent above its 52-week low.

Market capitalisation stands at Rs 37,671.27 crore.

#1 Strong Q3 on higher FSA volumes & e-auction realisations

#2 Inventory up 11 mt QoQ, power plant stock elevated

#3 FY26–27 EBITDA estimates raised 2–3%

Coal India was quoting at Rs 409.85, down Rs 9.25, or 2.21 percent.

It has touched an intraday high of Rs 417.50 and an intraday low of Rs 408.15.

It was trading with volumes of 378,157 shares, compared to its five day average of 372,056 shares, an increase of 1.64 percent.

#1 Q3 standalone EPS +6% QoQ, India sales +24% YoY

#2 Early signs of US class-8 recovery, EPS raised 2–4%

#3 Recent rally limits risk-reward

#1 Q3 RevPAR growth was 7% YoY & the company is seeing double-digit growth so far in Q4

#2 Beyond RevPAR, topline growth will also be driven by management fees, new business & recent acquisitions

#3 Company is a well-run franchise with sector-leading RoCE

Indian Hotels Company was quoting at Rs 704.50, down Rs 7.10, or 1.00 percent.

It has touched an intraday high of Rs 709.90 and an intraday low of Rs 683.95.

It was trading with volumes of 101,990 shares, compared to its five day average of 48,698 shares, an increase of 109.43 percent.

Today’s correction is primarily driven by a sharp sell-off in the IT sector, with the NIFTY IT declining nearly 5% and extending its multi-day losses. The weakness is largely attributed to rising global concerns around AI-led disruption, particularly after advancements by Anthropic, which have intensified fears that traditional, labor-intensive IT services models could face structural challenges.

The pressure was further amplified by weak cues from US technology stocks, diminishing hopes of near-term Fed rate cuts following stronger-than-expected US jobs data, profit booking after the recent market upmove, and broad-based weakness in metals and other cyclical sectors.

Overall, the correction reflects a mix of global uncertainty and sector-specific concerns rather than domestic structural weakness.

Lupin has raised FY26 margin guidance for second straight quarter to 27-28% from 25-26%.

Lupin was quoting at Rs 2,206.65, down Rs 3.55, or 0.16 percent. It has touched an intraday high of Rs 2,223.00 and an intraday low of Rs 2,160. It was trading with volumes of 27,789 shares, compared to its five day average of 28,242 shares, a decrease of -1.60 percent.

Info Edge India was quoting at Rs 1,134.70, down Rs 12.45, or 1.09 percent.

It has touched a 52-week low of Rs 1,105.00.

It has touched an intraday high of Rs 1,159.40 and an intraday low of Rs 1,105.00.

It was trading with volumes of 515,899 shares, compared to its five day average of 292,528 shares, an increase of 76.36 percent.

Kirloskar Industries was quoting at Rs 3,144.90, down Rs 115.10, or 3.53 percent.

It has touched an intraday high of Rs 3,299.30 and an intraday low of Rs 3,135.

In the previous trading session, the share closed down 0.32 percent or Rs 10.50 at Rs 3,260.

The share touched a 52-week high of Rs 4,650 and a 52-week low of Rs 2,692.05 on 21 July, 2025 and 09 May, 2025, respectively.

Currently, the stock is trading 32.37 percent below its 52-week high and 16.82 percent above its 52-week low.

Market capitalisation stands at Rs 3,305.09 crore.

Eris Lifesciences was quoting at Rs 1,439.20, down Rs 71.85, or 4.75 percent.

It has touched an intraday high of Rs 1,511.15 and an intraday low of Rs 1,431.55.

It was trading with volumes of 6,940 shares, compared to its five day average of 14,297 shares, a decrease of -51.46 percent.

Blue Jet Healthcare was quoting at Rs 409.25, down Rs 32.35, or 7.33 percent.

It has touched an intraday high of Rs 443.85 and an intraday low of Rs 406.20.

#1 Q3 PAT +98% YoY to Rs 2,700 crore, beat led by interest write-backs

#2 AUM +51% YoY, QoQ tonnage down 2%

#3 Core NIMs dipped QoQ, opex/credit cost positive

#4 17% EPS CAGR, 25%+ RoE over FY26–28

Muthoot Finance was quoting at Rs 3,605.60, down Rs 463.40, or 11.39 percent.

It has touched an intraday high of Rs 4,000.00 and an intraday low of Rs 3,553.40.

It was trading with volumes of 329,802 shares, compared to its five day average of 31,550 shares, an increase of 945.32 percent.

#1 Exceptional loss of Rs 426.6 crore from US Litigation, Astellas settlement & labour code impact

#2 EBITDA margin expanded to 32 percent vs 24 percent YoY

#3 Gross margin at 74 percent (+364 bps YoY), aided by gJynarque & gSpiriva mix

#4 US sales +54 percent YoY (+13 percent QoQ) & EM +42 percent YoY drove growth

#5 Q3FY26 revenue/EBITDA/PAT +24 percent/+67 percent/+77 percent YoY, beat on strong operating leverage

Lupin was quoting at Rs 2,202.20, down Rs 8, or 0.36 percent.

It has touched an intraday high of Rs 2,223 and an intraday low of Rs 2,160.

It was trading with volumes of 25,533 shares, compared to its five day average of 28,242 shares, a decrease of -9.59 percent.

#1 FY27–28 EPS raised 4–18 percent, EPS CAGR to accelerate to 33 percent FY26–28

#2 US truck cycle bottoming, defence momentum continues

#3 Q3 EBITDA +18 percent YoY, subsidiaries outperformed

A meeting of the finance committee of the board of directors of IIFL Finance approved the public issue by the company of secured, rated, listed, redeemable, non-convertible debentures of face value of Rs 1,000 each for an amount up to Rs 500 crores with an option to retain oversubscription up to Rs 1,500 crores, aggregating up to Rs 2,000 crores, which is within the shelf limit of Rs 2,000 crore.

Rategain Travel Technologies was quoting at Rs 493, down Rs 78.20, or 13.69 percent.

It has touched an intraday high of Rs 583.10 and an intraday low of Rs 492.20.

It was trading with volumes of 51,767 shares, compared to its five day average of 18,551 shares, an increase of 179.05 percent.

The Reserve Bank of India has approved the reappointment of Sanjay Agarwal as Managing Director & CEO of AU Small Finance Bank for a period of three years, effective April 19, 2026.

AU Small Finance Bank was quoting at Rs 1,000.20, down Rs 0.30, or 0.03 percent.

It has touched an intraday high of Rs 1,002.50 and an intraday low of Rs 981.15.

It was trading with volumes of 35,379 shares, compared to its five day average of 224,576 shares, a decrease of -84.25 percent.

In the previous trading session, the share closed up 1.05 percent or Rs 10.40 at Rs 1,000.50.

The share touched a 52-week high of Rs 1,029.60 and a 52-week low of Rs 479.00 on 16 January, 2026 and 18 March, 2025, respectively.

Currently, the stock is trading 2.86 percent below its 52-week high and 108.81 percent above its 52-week low.

Market capitalisation stands at Rs 74,773.03 crore.

The company has received a Letter of Acceptance for a project worth Rs 615.53 crore from NBCC (India). The project involves the redevelopment of the GPRA Colony at Netaji Nagar, New Delhi.

J Kumar Infraprojects was quoting at Rs 558.05, down Rs 3.25, or 0.58 percent.

It has touched an intraday high of Rs 569.55 and an intraday low of Rs 552.50.

It was trading with volumes of 5,230 shares, compared to its five day average of 5,522 shares, a decrease of -5.29 percent.

The spike in retail inflation during January 2026 is majorly due the rise in food prices along with alterations in components with 2023-24 as the base. Technically, it is a good sign that in-spite of the changes, inflationary trend has remained well-within the comfort band of the RBI.

This will help sustain household purchasing power and confidence, supporting continued spending on essential and discretionary good alike, keeping the pricing dynamics balanced. While this can be taken positively, it is critical to be watchful of how the situation takes shape as we proceed further into 2026, especially in the wake of economic volatilities due to global headwinds.

Ahluwalia Contracts (India), Bhansali Engineering Polymers, Cello World, Concord Drugs, Easy Trip Planners, Pennar Industries, Prakash Industries, PTC India, Sigachi Industries, VIP Industries, and Vishnu Prakash R Punglia will release their December quarter earnings on February 14.

Today’s weakness in Sensex and Nifty is largely driven by selling pressure in the IT sector, which is weighing on broader market sentiment. Concerns around global demand slowdown, cautious commentary from tech companies, and uncertainty related to AI-led disruptions and job losses have triggered profit booking after recent gains.

At present, this appears to be more of a sentiment-driven correction rather than the start of a deeper structural downturn. Domestic macro fundamentals remain relatively stable, but the market is lacking strong upward momentum, which may keep indices range-bound in the near term.

Investors should avoid panic reactions and adopt a staggered investment strategy. Systematic Investment Plans (SIPs) or Systematic Transfer Plans (STPs) can help navigate volatility and average out costs. Instead of aggressive lump-sum investments, gradual allocation would be more prudent until clearer signs of strength and stability emerge in the market.

Ipca Laboratories, IRB Infrastructure Developers, Brainbees Solutions Firstcry, Alkem Laboratories, Akums Drugs and Pharmaceuticals, Ola Electric Mobility, Azad Engineering, Siemens Energy India, Fortis Healthcare, GMR Airports, Inox Wind, KFin Technologies, Info Edge (India), Narayana Hrudayalaya, Tenneco Clean Air India, Torrent Pharmaceuticals, Vijaya Diagnostic Centre, and Western Carriers (India) will announce their quarterly earnings today.

#1 Q3 underlying volume growth at 4%, slight EBITDA beat

#2 Demand gradually improving, FY27 growth guided above FY26, EPS cut 4%

Hindustan Unilever was quoting at Rs 2,343.05, down Rs 67.00, or 2.78 percent.

It has touched an intraday high of Rs 2,400.00 and an intraday low of Rs 2,343.05.

It was trading with volumes of 99,898 shares, compared to its five day average of 74,774 shares, an increase of 33.60 percent.

Jindal Stainless partnered with Indian Railways to develop India’s first corrosion-resistant stainless steel salt container.

Jindal Stainless was quoting at Rs 775.50, down Rs 23.40, or 2.93 percent.

It has touched an intraday high of Rs 799.45 and an intraday low of Rs 775.00.

It was trading with volumes of 9,346 shares, compared to its five day average of 13,776 shares, a decrease of -32.16 percent.

Dilip Buildcon has been selected as authorization to Lay, Built, Operate, or Expand Petroleum or Petroleum Product (Air Turbine Fuel

/ ATF) Pipeline from Navgam. Gujarat to Sardar Vallabhbhai Patel International Airport, Gujarat”. The Project Authority to grant license is Petroleum and Natural Gas Regulatory Board (PNGRB).

Dilip Buildcon was quoting at Rs 436.95, down Rs 16.00, or 3.53 percent.

It has touched an intraday high of Rs 447.05 and an intraday low of Rs 433.80.

It was trading with volumes of 10,275 shares, compared to its five day average of 12,398 shares, a decrease of -17.12 percent.

Shilpa Medicare has entered into a binding agreement with NXI Therapeutics AG based out of Basel, Switzerland for development, supply of a New Chemical Entity (NCE).

Shilpa Medicare was quoting at Rs 326.05, up Rs 2.75, or 0.85 percent.

It has touched an intraday high of Rs 326.95 and an intraday low of Rs 315.60.

It was trading with volumes of 5,705 shares, compared to its five day average of 46,449 shares, a decrease of -87.72 percent.

#1 Strong Q3, Mamaearth in teens, younger brands faster

#2 Margin expanded alongside growth

#3 Management confident on recovery trajectory, earnings upgraded sharply

Honasa Consumer was quoting at Rs 303.50, up Rs 4.45, or 1.49 percent.

It has touched an intraday high of Rs 319.55 and an intraday low of Rs 299.

#1 Profit surges 84.2 percent to Rs 36.4 crore Vs Rs 19.8 crore, YoY

#2 Revenue zooms 56 percent to Rs 525.5 crore Vs Rs 336.9 crore, YoY

Zaggle Prepaid Ocean Services was quoting at Rs 292.70, down Rs 11.50, or 3.78 percent.

It has touched an intraday high of Rs 304.00 and an intraday low of Rs 289.30.

It was trading with volumes of 2,103,599 shares, compared to its five day average of 1,113,394 shares, an increase of 88.94 percent.

#1 Profit falls 12.2 percent to Rs 97 crore Vs Rs 110.5 crore, YoY

#2 Revenue jumps 20.1 percent to Rs 1,029.2 crore Vs Rs 857.2 crore, YoY

#3 Exceptional loss stands at Rs 24.58 crore Vs gain of Rs 17.65 crore, YoY

Schneider Electric Infrastructure was quoting at Rs 811.20, up Rs 20.85, or 2.64 percent.

It has touched an intraday high of Rs 831.50 and an intraday low of Rs 782.35.

It was trading with volumes of 108,044 shares, compared to its five day average of 42,909 shares, an increase of 151.80 percent.

#1 Profit plunges 76 percent to Rs 36.7 crore Vs Rs 153.1 crore, YoY

#2 Revenue declines 19.5 percent to Rs 544.6 crore Vs Rs 676.2 crore, YoY

Cohance Lifesciences was quoting at Rs 326.05, down Rs 24.55, or 7.00 percent.

It has touched a 52-week low of Rs 319.20.

It has touched an intraday high of Rs 340.45 and an intraday low of Rs 319.20.

The Sensex was down 801.04 points or 0.96 percent at 82,873.88, and the Nifty was down 250.65 points or 0.97 percent at 25,556.55. About 988 shares advanced, 2666 shares declined, and 127 shares unchanged.

#1 FY27/28 EPS +15 percent/+13 percent, target multiple raised to 30x on improved outlook

#2 Export outlook better with US tariff cuts & truck demand recovery

#3 Domestic CV upcycle & defence execution improving

Bharat Forge was quoting at Rs 1,763.90, up Rs 31.35, or 1.81 percent.

It has touched a 52-week high of Rs 1,784.70.

It has touched an intraday high of Rs 1,784.70 and an intraday low of Rs 1,726.40.

It was trading with volumes of 361,291 shares, compared to its five day average of 480,817 shares, a decrease of -24.86 percent.

#1 Opex flat, adjusted Rs 48 crore one-off, tonnage & customer adds soft

#2 Loan yields expanded QoQ, topline +13 percent QoQ

#3 NII/PPoP/PAT beat by 6–8 percent, loan growth +11 percent QoQ/+51 percent YoY, above estimate

Muthoot Finance was quoting at Rs 3,602.05, down Rs 466.95, or 11.48 percent.

It has touched an intraday high of Rs 4,000 and an intraday low of Rs 3,553.40.

It was trading with volumes of 292,264 shares, compared to its five day average of 31,550 shares, an increase of 826.34 percent.

In the previous trading session, the share closed up 3.45 percent or Rs 135.85 at Rs 4,069.

The share touched a 52-week high of Rs 4,149 and a 52-week low of Rs 1,964.35 on 29 January, 2026 and 11 April, 2025, respectively.

Currently, the stock is trading 13.18 percent below its 52-week high and 83.37 percent above its 52-week low.

Market capitalisation stands at Rs 144,610.95 crore.

#1 Other income at Rs 910 crore (+45 percent YoY), above estimate

#2 Higher employee costs offset lower provisions

#3 GM 53.6 percent, EBITDA margin 24.3 percent (miss vs estimate)

#4 Adjusted revenue/EBITDA/PAT +11 percent/+11 percent/+29 percent YoY, slightly below estimate

The sell-off extended to the broader market, with the Nifty Midcap 100 falling nearly 1.8 percent and the Nifty Smallcap 100 sliding close to 2 percent. Volatility surged sharply, with India VIX jumping over 6.5 percent to around 12.5, signalling heightened risk aversion.

Sectoral indices were firmly in the red, led by Nifty Metal, which plunged over 3 percent, followed by Nifty Energy and Nifty Oil & Gas, down around 2 percent each. Nifty Realty also dropped nearly 3 percent, while Nifty IT declined about 2.7 percent, reflecting broad-based selling across cyclical and technology stocks.

Hindalco Industries led the Nifty losers, plunging nearly 5.5 percent amid broad weakness in metal stocks. IT heavyweights remained under pressure, with Infosys, Tata Consultancy Services and Wipro declining between 2.5-4 percent. Energy and conglomerate names also traded lower, with ONGC down over 3 percent, while Adani Enterprises and Adani Ports slipped more than 2 percent. Coal India and Hindustan Unilever also featured among the top laggards.

Selling pressure remained intense, with just five Nifty 50 stocks trading in the green around 11:30 am. Bajaj Finance led the gainers, up about 1.4 percent, followed by Eicher Motors rising over 1 percent. Apollo Hospitals, State Bank of India and Maruti Suzuki posted marginal gains, highlighting the narrowness of the market amid the broader sell-off.

IEX shares fell as much as 4 percent as the Appellate Tribunal for Electricity (APTEL) dismissed its plea in the market coupling matter. The tribunal has also allowed the Central Electricity Regulatory Commission (CERC) to proceed with framing regulations related to market coupling. IEX stock was trading at 120.7 on NSE, down 4.1 percent.

Sectorally, Nifty Metal and Nifty Realty indices dropped nearly 3 percent each, while energy and oil & gas indices fell around 1.5-1.8 percent. The broader market mirrored the weakness, with the Nifty Midcap 100 and Nifty Smallcap 100 declining over 1.5 percent. Volatility surged, with India Vix jumping over 5 percent to 12.35, indicating rising risk aversion among investors.

#1 Concerns remain over multiple fire incidents clouding Novelis’ operational outlook & rising debt levels

#2 FY27-28 EPS raised by 6 percent on higher aluminium prices

#3 India business EBITDA below estimate due to weaker-than-expected performance in aluminium business

#4 Q3 EBITDA, even after adjusting for fire incident at Novelis, fell 10 percent QoQ

#1 Profit grows 8.3 percent to Rs 27.6 crore Vs Rs 25.5 crore, YoY

#2 Revenue jumps 15.8 percent to Rs 275.6 crore Vs Rs 238 crore, YoY

Mishra Dhatu Nigam was quoting at Rs 360.55, down Rs 9.35, or 2.53 percent.

It has touched an intraday high of Rs 369.10 and an intraday low of Rs 354.95.

It was trading with volumes of 10,562 shares, compared to its five day average of 36,295 shares, a decrease of -70.90 percent.

#1 Profit tanks 63.7 percent to Rs 19.7 crore Vs Rs 54.2 crore, YoY

#2 Revenue drops 1.4 percent to Rs 403.7 crore Vs Rs 409.3 crore, YoY

Tega Industries was quoting at Rs 1,660.00, down Rs 102.85, or 5.83 percent.

It has touched an intraday high of Rs 1,709.80 and an intraday low of Rs 1,652.05.

It was trading with volumes of 4,120 shares, compared to its five day average of 2,176 shares, an increase of 89.32 percent.

The Sensex was down 762.37 points or 0.91 percent at 82,912.55, and the Nifty was down 247.40 points or 0.96 percent at 25,559.80. About 967 shares advanced, 2587 shares declined, and 132 shares unchanged.

Foreign Institutional Investors have started returning to Indian equities after three consecutive months of sustained selling, with inflows of nearly $1.7 billion so far in February. The clarity surrounding the India–US trade deal has played an important role in improving risk sentiment and reducing policy uncertainty, which has encouraged this shift. However, this appears to be a cautious reallocation rather than a decisive structural reversal.

While the recent buying signals improving confidence, overall flows for the year remain negative, and the sustainability of inflows will largely depend on global factors such as US interest rates, bond yields, dollar movement, earnings growth, and domestic valuations. The India–US trade agreement itself seems largely priced in, as markets have already rallied on tariff clarity and reduced downside risks. Going forward, FII participation is likely to remain selective and somewhat volatile, rather than translating into a consistent and aggressive buying cycle.

Ipca Laboratories, IRB Infrastructure Developers, Brainbees Solutions Firstcry, Alkem Laboratories, Akums Drugs and Pharmaceuticals, Ola Electric Mobility, Azad Engineering, Siemens Energy India, Fortis Healthcare, GMR Airports, Inox Wind, KFin Technologies, Info Edge (India), Narayana Hrudayalaya, Tenneco Clean Air India, Torrent Pharmaceuticals, Vijaya Diagnostic Centre, and Western Carriers (India) will announce their quarterly earnings today.

#1 Profit surges 84.2 percent to Rs 36.4 crore Vs Rs 19.8 crore, YoY

#2 Revenue zooms 56 percent to Rs 525.5 crore Vs Rs 336.9 crore, YoY

Zaggle Prepaid Ocean Services was quoting at Rs 296.10, down Rs 8.10, or 2.66 percent.

It has touched an intraday high of Rs 304 and an intraday low of Rs 289.30.

It was trading with volumes of 1,712,818 shares, compared to its five day average of 1,113,394 shares, an increase of 53.84 percent.

#1 Profit drops 10.6 percent to Rs 73.9 crore Vs Rs 82.7 crore, YoY

#2 Revenue rises 7.3 percent to Rs 554.8 crore Vs Rs 516.8 crore, YoY

Fine Organics Industries was quoting at Rs 4,454.10, down Rs 147.50, or 3.21 percent.

It has touched an intraday high of Rs 4,506.00 and an intraday low of Rs 4,350.55.

#1 Profit stands at Rs 8 crore Vs loss of Rs 38.9 crore, YoY

#2 Revenue falls 8 percent to Rs 925.3 crore Vs Rs 1,006.8 crore, YoY

Hindustan Construction Company was quoting at Rs 20.07, down Rs 0.07, or 0.35 percent.

It has touched an intraday high of Rs 20.40 and an intraday low of Rs 19.80.

It was trading with volumes of 1,028,442 shares, compared to its five day average of 1,169,744 shares, a decrease of -12.08 percent.

#1 Profit rises 1.7 percent to Rs 99.8 crore Vs Rs 98.1 crore, YoY

#2 Revenue grows 3.8 percent to Rs 1,975 crore Vs Rs 1,903.4 crore, YoY

#3 Other income declines to Rs 8.5 crore Vs Rs 21 crore, YoY

#4 Exceptional loss stands at Rs 12.8 crore Vs Nil, YoY

Deepak Nitrite was quoting at Rs 1,642.20, down Rs 13.85, or 0.84 percent.

It has touched an intraday high of Rs 1,663.20 and an intraday low of Rs 1,610.00.

It was trading with volumes of 4,781 shares, compared to its five day average of 29,145 shares, a decrease of -83.60 percent.

#1 Profit soars 20.2 percent to Rs 221.6 crore Vs Rs 184.4 crore, YoY

#2 Revenue zooms 26.2 percent to Rs 3,608.2 crore Vs Rs 2,859.2 crore, YoY

Endurance Technologies was quoting at Rs 2,529.90, down Rs 21.70, or 0.85 percent.

It has touched an intraday high of Rs 2,579.90 and an intraday low of Rs 2,495.15.

It was trading with volumes of 1,276 shares, compared to its five day average of 4,322 shares, a decrease of -70.47 percent.

Tata Technologies was quoting at Rs 581.05, down Rs 34, or 5.53 percent.

It has touched a 52-week low of Rs 575.60.

It has touched an intraday high of Rs 606.50 and an intraday low of Rs 575.60.

It was trading with volumes of 165,629 shares, compared to its five day average of 399,493 shares, a decrease of -58.54 percent.

In the previous trading session, the share closed down 2.05 percent or Rs 12.85 at Rs 615.05.

Market capitalisation stands at Rs 23,576.94 crore.

#1 Profit slips 14.6 percent to Rs 134.9 crore Vs Rs 158 crore, YoY

#2 Revenue declines 3.8 percent to Rs 491.7 crore Vs Rs 511.3 crore, YoY

Vedant Fashions was quoting at Rs 459.00, down Rs 20.80, or 4.34 percent.

It has touched a 52-week low of Rs 458.40.

It has touched an intraday high of Rs 479.65 and an intraday low of Rs 458.40.

It was trading with volumes of 8,508 shares, compared to its five day average of 77,474 shares, a decrease of -89.02 percent.

The Sensex was down 841.70 points or 1.01 percent at 82,833.22, and the Nifty was down 271.25 points or 1.05 percent at 25,535.95. About 855 shares advanced, 2538 shares declined, and 143 shares unchanged.