Feb 11, 2026: SBI Overtakes TCS, Eicher Soars & IT Slumps
India Stock Market Today: SBI becomes the 4th largest firm, Eicher Motors rallies 6% on Q3 results, while IT stocks drag Sensex down. See top gainers & losers.
Stock Market News Wrap: Wednesday, February 11, 2026
Market Snapshot: Indices End Mixed
The Indian equity benchmarks witnessed a volatile session today, ending on a mixed note. While the Nifty 50 managed to hold its ground in the green, the Sensex succumbed to selling pressure in IT stocks.
- Nifty 50: Closed at 25,954, up 19 points (+0.07%).
- Sensex: Closed at 84,234, down 40 points (-0.05%).
- Bank Nifty: Showed resilience, supported largely by PSU banks.
- Market Sentiment: Optimism remains regarding the India-US trade deal, though profit-booking in the IT sector capped gains.
Top Gainers & Losers
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Top Gainers:
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Eicher Motors: Surged ~6.5% after reporting a strong 21% jump in Q3 net profit.
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State Bank of India (SBI): Rallied ~3%, helping it overtake TCS in market capitalization.
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Apollo Hospitals: Gained ~4% on the back of a 35% increase in consolidated net profit.
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Max Healthcare: Rose over 3%, tracking positive sentiment in the healthcare sector.
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Mahindra & Mahindra: Gained traction after reporting a 26% YoY revenue growth in Q3.
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Top Losers:
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TCS: Dropped ~2.5%, slipping to the 5th spot in the most valued firms list.
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Infosys: Fell ~1.8% amid broader selling in the IT pack.
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HCL Tech & Tech Mahindra: Both ended in the red, down over 1%, influenced by weak cues from US tech stocks and AI disruption concerns.
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Gokaldas Exports: Shares fell over 3%, continuing a downward trend for the second day.
Sectoral Performance
- IT Sector Under Pressure: The Nifty IT index was the biggest drag today, falling nearly 2%. This follows a sell-off in US technology stocks driven by fears of AI-led disruption.
- Pharma & Healthcare Shine: Healthcare stocks outperformed, led by strong earnings from major hospital chains like Apollo.
- PSU Banks Rally: Public sector banks continued their upward momentum, with SBI leading the charge.
- Auto & Metals: Mixed to positive trends were seen in auto and metal stocks, supported by domestic consumption stories.
Key Corporate Announcements & Earnings
- SBI Overtakes TCS: In a major milestone, State Bank of India surpassed TCS to become India's 4th largest listed company by market capitalization following its post-earnings rally.
- Eicher Motors Capex: The company announced a ₹958 crore capex plan to expand Royal Enfield’s production capacity to 20 lakh units.
- Ashok Leyland Q3: Reported a profit of ₹796 crore, which missed some analyst estimates (forecast ~₹942 crore) due to labor cost impacts.
- LG Electronics Slump: The company reported a sharp 61% YoY slump in Q3 profit to ₹90 crore, with revenue declining 6%.
- BHEL OFS Success: The Offer for Sale (OFS) for Bharat Heavy Electricals Ltd (BHEL) saw strong demand, being oversubscribed 2.35 times by non-retail investors.
- TVS Supply Chain: The company returned to profitability in Q3 FY26, driven by cost improvements.
- Arvind SmartSpaces: Reported a 42% decline in Q3 profit to ₹29 crore.
- SJVN Beat: Reported Q3 net profit and revenue beating estimates by 32% and 11% respectively.
- Tata Motors Order: Subsidiary secured an order to supply 70,000 vehicles in Indonesia for logistics needs.
Global & Economic Cues
- US Markets: Wall Street provided mixed signals; the Dow Jones hit a record high, but the Nasdaq fell due to tech sell-offs.
- Gold & Silver: Precious metal prices rose today as US Treasury yields softened.
- Trade Deal Optimism: Sentiment is still being supported by the preliminary framework for the India-US trade agreement announced recently.
