Indian equities extended their winning momentum with strong, broad-based gains, as Dalal Street cheered multiple positive triggers — an interim India–US trade framework, supportive global cues, and stellar earnings from State Bank of India (SBI). Renewed FII buying and improving risk appetite further reinforced investor confidence.
🔔 Market Snapshot (3:30 PM Close)
- NIFTY: ▲ +174 | 25,867
- SENSEX: ▲ +485 | 84,066
- BANK NIFTY: ▲ +549 | 60,669
- INDIA VIX: 12.26 (Low volatility — supportive for bulls)
📌 The undertone of the market remains firmly bullish as liquidity, earnings strength, and global tailwinds align simultaneously.
🌏 Key Positive Triggers Powering the Rally
- 🇮🇳 Moody’s projects India GDP growth at 6.4% next fiscal — fastest among G20 economies.
- 🇮🇳🤝🇺🇸 India–US interim trade framework announced:
- Tariff reductions
- Stronger energy ties
- Deeper economic cooperation
- 🇯🇵 Nikkei hits record highs above 57,000
- 🇺🇸 Dow Jones crosses the historic 50,000 mark
- 💰 FIIs turn net buyers last week — a critical signal for medium-term trend confirmation.
👉 Sustainable rallies are driven by institutional participation, not retail momentum alone.
🧭 Sectoral Performance: Bulls in Full Control
🚀 Top Performing Sectors
- NIFTY MEDIA: ▲ 4.37%
- NIFTY CONSUMER DURABLES: ▲ 3.60%
- NIFTY PSU BANK: ▲ 3.34%
❌ Sector Losers: None
Advance–Decline Ratio: 36 : 14 (Broad-based buying)
📊 Broader Markets
- Midcap: ▲ 1.58%
- Smallcap: ▲ 2.64% (Clear outperformance — strong risk-on mood)
📈 Technical Market Picture
Nifty is now trading comfortably above all key moving averages, a classic bullish setup that typically attracts institutional accumulation.
| Indicator | Level |
|---|---|
| 21 DMA | 25,465 |
| 50 DMA | 25,797 |
| 100 DMA | 25,665 |
| 200 DMA | 25,262 |
- Previous Nifty ATH: 26,373 (5 Jan 2026)
- Bank Nifty ATH: 61,764 (2 Feb 2026)
📌 Immediate dip-buying behavior confirms strong underlying demand.
🔎 Stocks in Spotlight
📡 Vodafone Idea ▲ 3.87% (₹11.55)
- Promoter Kumar Mangalam Birla bought shares via open market — strong confidence signal.
🏗️ Steel Stocks Rally
- Tata Steel ▲ 2.18%
- JSW Steel ▲ 0.63%
- Jindal Steel ▲ 0.01%
📊 Fitch expects 8–9% steel consumption growth, driven by infrastructure & manufacturing.
💍 Kalyan Jewellers ▲ 14.66%
- Q3 Profit: ▲ 90% YoY (₹416 Cr)
- Revenue: ▲ 42% YoY
🏦 State Bank of India (SBI) ▲ 7.63% (₹1,148)
- Best Nifty gainer
- Strongest single-day rally since June 2024
🐂 Bulls & 🐻 Bears of the Day
🐂 Top Gainers
- SBIN ▲ 7.63%
- SHRIRAMFIN ▲ 6.03%
- GRASIM ▲ 3.11%
- TITAN ▲ 3.04%
- DRREDDY ▲ 2.80%
🐻 Top Losers
- MAXHEALTH ▼ 2.82%
- NTPC ▼ 1.05%
- ITC ▼ 0.95%
- ONGC ▼ 0.84%
- ICICIBANK ▼ 0.78%
📊 52-Week Highs & Lows
52-Week Highs: ASHOKLEY, FORCEMOT, JINDALSTEL, JSWSTEEL, MFSL, NAVINFLUOR
52-Week Low: POLYMED
🧠 Derivative & Macro Indicators
- NIFTY PCR (10 Feb): 1.06
- NIFTY PCR (24 Feb): 1.19
- USD/INR Feb Futures: 90.79
- VIX: Low volatility environment supportive for equities
📅 Market Outlook: Next Trading Session
Nifty remains within striking distance of the 26,000 mark.
📈 Breakout probability remains high.
🎯 Preferred Strategy
➡️ Buy on Dips
Key Levels:
- Support: 25,650 / 25,489
- Resistance: 26,000 / 26,175
- Expected Range: 25,722 – 26,022
- Trend: Positive
🔥 Trading Watchlist
Short-Term Bullish
- BANKINDIA
- BAJFINANCE
- CANBK
Long-Term Bullish (Investment View)
- CENTUM
- ADANIENSOL
- SYRMA
Weak / Bearish Structure
- BOSCH
- BRITANNIA
- SHREECEM
🚫 Avoid (High-Risk Setups)
- PERSISTENT
- PFC
- SUZLON
⚠️ Compliance & Risk Disclosure
This report is for educational and informational purposes only and does not constitute investment advice.
- Securities market investments are subject to market risks.
- Past performance does not guarantee future returns.
- Derivatives, intraday & leveraged trading involve high risk.
- Investors should consult a SEBI-registered investment advisor before making decisions.
- The author/firm shall not be responsible for any profit or loss arising from use of this information.