Feb 10, 2026: Sensex & Nifty Rally Continues: Zomato and PSUs Shine While IT Stocks Stumble
Indian markets extended their winning streak on Tuesday, with the Sensex crossing 84,000 and the Nifty nearing 26,000. While Zomato, Tata Steel, and PSU Banks led the charge, the IT sector faced significant pressure due to global AI automation fears. This daily wrap covers the top 20 market updates, including Pfizer's earnings surge, the India-US trade deal optimism, and key movements in Gold and Silver.

Stock Market News Wrap: Tuesday, February 10, 2026
Here are the stock market updates from India today, covering market performance, top movers, corporate announcements, and economic trends.
Market Overview & Indices
1. Indices End Higher: The Indian benchmark indices extended gains for the third consecutive session. The BSE Sensex rose 208.17 points (0.25%) to close at 84,273.92, while the Nifty 50 gained 67.85 points (0.26%) to settle at 25,935.15.
2. Market Cap Surge: Investor wealth grew significantly, with the total market capitalization of BSE-listed firms jumping by over ₹1 lakh crore, crossing the ₹474 lakh crore mark.
3. Broader Markets: The broader market performed well, with the BSE MidCap index rising 0.21% and the BSE SmallCap index advancing 0.46%, indicating broad-based participation.
Top Gainers & Losers
4. Top Nifty Gainers:
- Eternal (Zomato): Surged ~5.18% to ₹303.80, emerging as the top gainer.
- Tata Steel: Rallied ~3% to ₹208.01.
- ONGC: Gained ~2.1% to ₹272.15.
- Bajaj Auto and M&M also posted gains of nearly 2%.
5. Top Nifty Losers:
- HCL Technologies: Dipped ~1.8% to ₹1,573 amid IT sector caution.
- Bajaj Finance: Fell 1.79% to ₹965.60.
- Dr. Reddy’s Laboratories: Declined 1.53% to ₹1,256.
- Bharti Airtel and Shriram Finance were also among the key laggards.
Sectoral & Theme-Based News
6. IT Sector Under Pressure: Information Technology stocks faced selling pressure due to the "Anthropic shock"—fears that new AI automation tools released in the US could disrupt traditional IT services. Stocks like HCL Tech, Infosys, and TCS saw weakness.
7. PSU Banks & Metals Shine: The rally was largely led by PSU Banks and Metal stocks. The PSU Bank index has been a consistent performer, with SBI seeing continued buying interest (up ~7-8% in recent sessions following strong Q3 earnings).
8. Auto & Media Outperform: The Nifty Media index jumped 2.40%, while Nifty Auto rose 1.37%, outperforming the benchmark indices.
Corporate Announcements & Earnings
9. Pfizer Surges on Results: Shares of Pfizer jumped over 10% intraday after reporting strong Q3 profits and margin expansion.
10. BSE Ltd. Zooms: Shares of BSE (the exchange) rallied over 6% after recording a Profit After Tax (PAT) of ₹601 crore for Q3, with EBITDA margins expanding to 59%.
11. Happiest Minds Profit Fall: Happiest Minds Technologies reported a 19.6% decline in Q3 net profit to ₹40.3 crore, dampening sentiment in the stock.
12. Adani Enterprises Update: The company’s stock traded slightly lower (~1%) amid reports of ongoing talks with US agencies regarding regulatory clarifications.
13. Mold-Tek Packaging Rating: Brokerage reports suggested an "Accumulate" rating on Mold-Tek Packaging with a target of ₹697, driving the stock up ~8-9%.
14. Zee Entertainment Board Revamp: Governance experts have called for a board revamp and a strategic investor for Zee Entertainment, keeping the stock in focus (+1%).
Economic & Global Triggers
15. India-US Trade Deal Optimism: Market sentiment remains buoyed by the recently announced India-US trade deal, which is expected to boost exports and domestic manufacturing.
16. Rupee vs. Dollar: The Indian Rupee was trading around ₹90 against the US Dollar.
17. Commodity Prices:
- Gold: Prices on MCX traded 1.5% higher, hovering around ₹1,57,087 (per unit metric).
- Silver: Saw a sharp jump of 3.2%.
18. Global Cues: Asian markets were mostly positive, contributing to the risk-on sentiment in India, although US futures remained flat as investors awaited key economic data.
Regulatory & Other News
19. Railway Stocks in Focus: Companies like Tata Elxsi and Titagarh are being watched closely due to the rapid rollout of the 'Kavach' safety system, opening new tech markets in the railway sector.
20. FII/DII Activity: Foreign Institutional Investors (FIIs) have shown renewed buying interest in recent sessions, supporting the market's upward move alongside steady Domestic Institutional Investor (DII) inflows.


