Equities Extend Rally as Trade-Deal Optimism Lifts Sentiment

An end-of-day recap of all that transpired in the Indian markets, highlighting the major price movements and the factors driving them

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By Dehuti Jani

February 10, 2026 at 11:37 AM IST

Indian equities benchmarks advanced for a third consecutive session on Tuesday, buoyed by early signs of a recovery in foreign portfolio inflows following the India–US trade agreement and supportive cues from Asian markets. The Nifty50 rose 0.26% to 25,935.15, while the BSE Sensex added 0.25% to 84,273.92, taking gains over the past three sessions to nearly 1.2% for both indices. Broader markets continued to outperform, with mid-caps and small-caps rising 0.49% and 0.38%, respectively, extending their strong run since the trade deal announcement.

Stock-specific action remained pronounced amid the Q3 earnings season. Eternal, Tata Steel, M&M and Tech Mahindra led gains on the Sensex, while HCLTech, Bajaj Finance, Adani Ports and Bharti Airtel weighed on the benchmarks. Sectorally, Nifty Media and Nifty Auto outperformed, climbing 2.4% and 1.37%, respectively, while Nifty PSU Pharma lagged. Overall sentiment stayed constructive, with investors selectively adding risk as confidence around external flows and earnings visibility improved.

Top Movers of the Day

Amber Enterprises India surged nearly 7% after reporting a 128% YoY jump in Q3FY26 net profit to ₹84 crore, driven by strong operating leverage and improved margins.

Jyoti CNC Automation gained about 2% after posting a 10.3% YoY rise in Q3FY26 net profit to ₹88.5 crore, with consolidated income up 29.5% YoY, reflecting healthy order execution.

Eternal rallied nearly 6%, extending Monday’s gains, supported by heavy volumes and sustained buying interest; the stock is up around 8% over the past two sessions.

Swiggy advanced up to 6% in intraday trade, tracking momentum in delivery platform stocks amid strong volume-led buying.

Lenskart Solutions rose around 2% after JM Financial initiated coverage with a ‘Buy’ rating, citing strong growth visibility and improving profitability.

Titan Company traded firm in early deals as steady jewellery demand expectations and pre-budget positioning supported buying interest, even as the broader market remained selective.

Tata Capital remained in focus with modest upside as investors tracked developments around growth in its lending book and expectations linked to the broader Tata Group momentum.

Zydus Lifesciences moved higher after reporting a stable Q3 performance, with margins holding up despite pricing pressure in select export markets.

ICICI Lombard traded with a positive bias as investors digested steady underwriting performance and resilient premium growth outlook.

Navin Fluorine International jumped nearly 6% after reporting a more than 100% increase in Q3FY26 net profit, aided by better realisations and cost control.

Pfizer India climbed over 11% at its intraday high after delivering a strong Q3FY26 performance, significantly outperforming the broader market.

Futures & Options
Nifty February 2026 futures settled at 25,969.20, maintaining a 34.05-point premium over the cash Nifty, which rose 67.85 points (0.26%) to close at 25,935.15, reflecting a mildly positive rollover bias. Volatility eased, with India VIX slipping 4.30% to 11.67, indicating reduced near-term risk perception after recent gains. Trading activity in the F&O segment remained concentrated in large-cap names, with BSE, HDFC Bank and Eternal emerging as the most actively traded stock futures, as participants positioned cautiously ahead of upcoming macro and earnings cues.

Bonds
Government bond yields ended flat on Tuesday as selective value buying after a two-day selloff helped the benchmark 10-year 6.48% 2035 yield eased marginally to 6.7548%, from 6.7559% on Monday, with mild softening seen across the curve. However, gains were capped as traders stayed cautious as large state bond auction of ₹486.15 billion, around ₹60 billion above the scheduled amount and the biggest weekly issuance so far this year, while lingering disappointment over the RBI’s decision to keep rates unchanged without fresh liquidity support continued to weigh on sentiment.

Forex
The rupee strengthened on Tuesday, supported by likely portfolio inflows and broad-based weakness in the U.S. dollar, though gains were capped by steady dollar demand from local corporates. The currency closed at 90.5775 per dollar, up 0.2% on the day, but stayed within the 90.04–90.84 range seen since the U.S.–India trade deal was announced last week, with dollar sales by foreign banks’ lending support alongside routine selling around the daily reference rate.

Crypto
Crypto prices turned cautious today as Bitcoin failed to hold the key $70,000 psychological level, tempering the optimism seen earlier this week. Bitcoin was trading at $69,729.5, down 1.75% over the past 24 hours and well off the $72,000 high touched on February 9, as investor sentiment cooled amid lingering US regulatory uncertainty. Ethereum also slipped 1.01% to $2,066.57, with a market capitalisation of about $249.4 billion, continuing to struggle for sustained traction above the $2,000 mark despite recent stabilisation attempts.

US Stock Futures
US stock futures edged lower on Tuesday after the Dow Jones Industrial Average logged a fresh all-time high, as investors paused following two consecutive sessions of gains. Dow futures slipped about 0.04%, S&P 500 futures were down 0.06%, and Nasdaq 100 futures eased 0.2%, reflecting mild profit-taking after Monday’s rally that saw the Dow notch record intraday and closing levels, while the S&P 500 and Nasdaq Composite gained 0.5% and 0.9%, respectively.

US Treasury Notes
US Treasury yields edged lower on Tuesday as investors stayed cautious ahead of a heavy run of economic data, including retail sales and the delayed January employment report. The benchmark 10-year Treasury yield slipped to around 4.19%, extending a second day of declines and moving below the 4.2% mark, while the 2-year yield eased to about 3.48%. Softer one-year-ahead US inflation expectations, now near 3.1%, reinforced the view that price pressures may be moderating, potentially lowering borrowing costs for households and companies.

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