TLDR
Market Recap: February 11, 2026
On February 11, Indian equities paused after a three-day run, with Sensex closing at 84,233.64 (-40.28, -0.05%) and Nifty 50 at 25,953.85 (+18.70, +0.07%) as traders met resistance near 26,000. Broader markets were steady, with Nifty Midcap 100 +0.03% and Nifty Smallcap 100 +0.02%, while India VIX eased to 11.55 (-1.03%), signalling calmer near term risk pricing. Sectorally, IT lagged on softer US growth cues and AI disruption anxiety, while financials and select cyclicals supported the tape. FIIs were net buyers (₹944 cr) even as DIIs sold (₹125 cr), keeping sentiment constructive but selective.
Key Drivers :
26,000 acted like a ceiling: Indices churned into a key technical level, triggering profit-taking after a 3-day, 1.2% bounce.
Foreign flows stayed supportive: FIIs remained net buyers, cushioning the downside even as domestic institutions booked profits.
IT drag offset broader strength: Weak US data worries and AI-led disruption fears kept IT heavyweights under pressure despite strength elsewhere.
Today’s Top Stories:
MSCI rejig: AB Capital and L&T Finance added, IRCTC removed; flows look supportive, but stocks still fell on the day.
SBI: Rally extended, and SBI moved ahead of TCS on market cap, keeping banks as the leadership pocket.
Mahindra: Profit up 33,% and capacity expansion plans announced; stock muted, implying expectations are already high.
Lenskart: Profit exploded on eyewear demand, showing operating leverage; shares added another roughly 2% on the day.
Amara Raja: Profit halved on cost pressure and a labour-code charge; stock slipped about 1% as margin worries dominated.
Market Snapshot
Nifty 50 Index Heatmap
Top Gainers & Losers
TOP STORIES
1. MSCI rejig flips the flow switch: AB Capital and L&T Finance in, IRCTC out
Event: MSCI Global Standard adds AB Capital and L&T Finance, drops IRCTC, effective Feb 27.
So what: Passive inflows create mechanical demand into the effective date; positioning matters more than fundamentals in the short term.
Tape: Stocks still slipped, hinting the trade was crowded or profit-taking hit the headline.
MSCI adds AB Capital and L&T Finance, drops IRCTC. Your take?
2. SBI leapfrogs TCS in market cap, bank leadership tightens
Move: SBI extended its post-results run and overtook TCS on market value during the session.
So what: Leadership rotates to domestic earnings visibility as IT faces US and AI uncertainty.
Tape: Momentum stayed with financials, reinforcing the PSU bank rerate narrative.
SBI overtook TCS in market cap. What does it signal?
3. Mahindra scales SUV and EV capacity, but one-off costs blur the print
Print: Profit rose on strong SUV demand, with a one-time labour code charge muddying optics.
So what: Output to rise about 3,000 units per month by Aug-Sep via bottleneck fixes.
Tape: Stock was choppy, showing demand is loved, but cost lines still get scrutinized.
$M&M.NSE ( ▼ 2.31% )
Mahindra plans a capacity lift for SUVs and EVs. Your stance?
4. Lenskart profit explodes on operating leverage, eyewear demand stays strong
Print: Profit surged as sales grew faster than costs; prescription eyewear remained the core driver.
So what: Same store growth and international expansion strengthen the scale narrative in a fragmented category.
Tape: Stock held up, rewarding growth plus efficiency, not just growth.
Lenskart posted a massive profit jump on operating leverage. Your view?
5. Amara Raja profit halves as raw material inflation bites hard
Print: Profit dropped sharply despite revenue growth, hit by higher metal costs and a labour code charge.
So what: Pass-through timing becomes the swing factor; margins stay vulnerable in commodity-linked quarters.
Tape: Stock slipped as investors waited for visible margin repair.
Amara Raja profit halved on cost spikes. What’s next?
GYAANI HOT TAKES
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