Daily Market Outlook and Trade Setup
Indian equity benchmarks exhibited resilient performance on February 9, 2026, building on a recovery trend observed during the previous week. The Nifty 50 closed at **25,693.70**, marking a gain of **50.90 points** or **0.20%**.
Market sentiment has steadied following the Reserve Bank of India’s (RBI) latest monetary policy decision. The central bank maintained the repo rate at **5.25%** and kept its stance "neutral." This move, coupled with a comfortable inflation outlook for FY26 projected at **2.1%**, has provided a stable backdrop for domestic investors.
The BSE Sensex mirrored this positive movement, finishing at **83,580.40**, an increase of **266 points**. Sectoral performance was notably led by the FMCG and private banking sectors. High-weightage stocks such as ITC saw a significant surge of **5.2%**, supported by strong quarterly earnings and strategic price hikes. Other top performers included Kotak Mahindra Bank and Hindustan Unilever, which gained between **2.7%** and **3.3%**.
In contrast, the Information Technology (IT) sector faced headwinds, with TCS and Tech Mahindra declining by nearly **1.8%**. The broader market indices showed slight fatigue, as the Nifty Midcap 100 and Smallcap 100 closed marginally lower by **0.2%** and **0.3%** respectively.
Foreign Institutional Investors (FIIs) have returned to a buying mode, recording a net purchase of **₹1,950.77 crore** in the cash segment. Conversely, Domestic Institutional Investors (DIIs) were net sellers, offloading shares worth **₹1,265.06 crore**.
The Indian Rupee has shown strength, trading near **90.35** against the US Dollar. This appreciation follows progress on a potential trade deal between New Delhi and Washington, which has boosted local sentiment and helped stabilize the currency against global fluctuations.
Analysts maintain that while the Nifty targets a psychological level of **26,000**, the market may enter a range-bound phase. Support is currently established around the **25,500** level, with the 200-day moving average providing a long-term safety net near **25,180**. Any significant dips are being viewed by institutional players as accumulation opportunities amidst ongoing global uncertainties.