TLDR
Market Recap: February 13, 2026
On February 13, Indian equities saw a sharp risk-off unwind as AI disruption fears extended the IT rout and weak global tech cues hit sentiment into key US inflation data. The Sensex closed at 82,626.76, down 1,048.16 points (-1.25%), while the Nifty 50 ended at 25,471.10, down 336.10 points (-1.30%). Broader markets took heavier damage with Nifty Midcap 100 (-1.71%) and Nifty Smallcap 100 (-1.79%), while India VIX jumped about 15% and moved back above 13, signalling a clear volatility repricing. FIIs were aggressive sellers while DIIs absorbed part of the supply, keeping declines orderly but broad-based.
Key Drivers :
AI reset trade hits IT multiples: Investors repriced labour-heavy IT services cashflows as automation narratives intensified, pulling benchmarks into weekly losses.
Institutional flows turned negative: FIIs sold about ₹7,395 crore while DIIs bought about ₹5,554 crore, reflecting a classic risk-off foreign exit with domestic support.
Policy tone stayed in focus: RBI’s updated rules on acquisition financing expanded domestic banks’ ability to fund M&A, but did little to offset global tech-led de-risk.
Today’s Top Stories:
AI anxiety crushes IT: Indian IT saw a deep repricing on automation fears, pulling benchmarks into a broad risk-off close.
Muthoot Finance slides 12%+: Investors questioned sustainability as one-time recoveries and softer core metrics drove post result selling.
Engineers India pops 16%: Q3 profit surged 219%, and revenue jumped 58%, triggering a rare earnings-led rally in a red market.
ONGC falls despite dividend: The dividend of ₹6.25 per share could not offset concerns about crude realisations and earnings mix.
Torrent Power eyes ₹20B bonds: The utility explored a large AA+ bond raise, highlighting steady access to corporate credit amid equity volatility.
Market Snapshot
CNBC
Nifty 50 Index Heatmap
Trading View
Top Gainers & Losers
Trading View
TOP STORIES
1. AI Panic Deepens, IT Logs Worst Week in Years
Gemini-2.5
Sector shock: Nifty IT extended losses as AI disruption fears accelerated multiple compressions.
Valuation reset: Investors questioned pricing power and long-term deal visibility.
Index drag: Large caps led benchmark declines, amplifying weekly losses.
IT stocks extended their worst week in years on AI fears. Your stance?
2. Muthoot Finance Cracks 12% on Earnings Quality Doubts
Gemini-2.5
Sharp fall: Shares tumbled over 12% after results spooked investors.
Profit scrutiny: One-off recoveries lifted earnings, raising sustainability concerns.
Re-rating risk: The market demanded a cleaner core operating momentum.
Muthoot fell 12% after profit quality concerns. What’s your take?
3. Engineers India Soars 16% on 219% Profit Surge
Gemini-2.5
Blowout quarter: Q3 profit jumped 219% YoY, revenue rose 58%.
Execution strength: Operating leverage kicked in on strong project delivery.
Rare green: Stock rallied despite broad market weakness.
$ENGINERSIN.NSE ( ▲ 10.4% )
Engineers India surged 16% on earnings beat. Your view?
4. ONGC Slides 4% Despite ₹6.25 Dividend
Gemini-2.5
Dividend declared: Interim payout announced, but crude realisation concerns lingered.
Margin watch: Investors focused on upstream earnings sensitivity.
Underperformance: Stock fell in line with broader oil and gas weakness.
ONGC declared dividend but stock fell. Why?
5. Torrent Power Eyes ₹20B Bond Raise
Gemini-2.5
Funding plan: The company considered a ₹20 billion bond issuance.
Credit confidence: AA+ rated paper signals strong domestic funding access.
Equity contrast: Bond stability stood out amid stock market volatility.
Torrent Power plans ₹20B bond issue. Signal for markets?
GYAANI HOT TAKES
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