At 10 am, the BSE Sensex was up marginally at 84,277, while the Nifty 50 slipped slightly to 25,934. Auto and healthcare stocks led early gains, with Eicher Motors and Apollo Hospitals rising over 5%, while metal and commodity stocks like Coal India and ONGC saw declines.
Markets opened on a flat note on Wednesday morning, with benchmark indices showing minimal movement as investors adopted a wait-and-watch approach ahead of key macroeconomic data. The BSE Sensex opened at 84,339.15 against its previous close of 84,273.92 and was trading at 84,277.37, up just 3.45 points or 0.00 per cent at 10 AM. The Nifty 50 opened at 25,997.45 compared to its previous close of 25,935.15 and was trading at 25,934.00, down 1.15 points or 0.00 per cent.
“Indian equity markets are expected to open on a flat to mildly positive note today. The broader fundamental backdrop remains supportive, with FII flows turning decisively positive this month, lending strength to overall sentiment,” said Ponmudi R, CEO of Enrich Money, a SEBI registered online trading and wealth tech firm.
Auto and healthcare stocks emerged as top gainers in early trade, with Eicher Motors leading the pack with a gain of 6.33 per cent, trading at ₹7,757.50 after opening at ₹7,505.00. Apollo Hospitals followed closely, rising 5.14 per cent to ₹7,590.00 from its previous close of ₹7,219.00. Max Healthcare gained 2.06 per cent to trade at ₹1,042.50, while Mahindra & Mahindra advanced 1.90 per cent to ₹3,745.50. Titan Company rounded off the top gainers, rising 1.58 per cent to ₹4,336.50.
On the losing side, commodity and metal stocks faced selling pressure. Coal India declined 1.93 per cent to ₹422.65, while ONGC fell 1.86 per cent to ₹267.10. Hindalco dropped 1.48 per cent to ₹954.55, and Grasim Industries slipped 1.10 per cent to ₹2,921.30. Trent also witnessed losses of 0.94 per cent, trading at ₹4,145.00.
“Markets are largely in a wait-and-watch mode ahead of key macro cues, particularly the January CPI (new series) data, where any material deviation could influence expectations around future rate cuts,” Ponmudi R added.
Foreign institutional investors continued their buying streak, remaining net buyers on Tuesday with purchases worth approximately ₹69 crore, marking the third consecutive session of inflows. Domestic institutional investors were more active, with net purchases of around ₹1,174 crore, according to Aakash Shah, Technical Research Analyst at Choice Equity Broking Private Limited.
“Our markets are gradually inching higher as foreign investors cover their short in derivatives and become selective buyers in the cash markets. Indian markets are poised to open higher today on conducive global cues,” said Devarsh Vakil, Head of Prime Research, HDFC Securities.
From a technical perspective, the Nifty 50 continues to trade within a broader rectangle range of 25,500–26,300, with immediate support placed near 25,800. “Nifty 50 continues to hold its uptrend with its level above all key moving averages. Short-term resistance for the Nifty is seen near 26,000, above which the index could extend the rally towards a fresh all-time high above 26,373,” Vakil noted.
Bank Nifty faced persistent supply in the 60,800–61,000 zone, with immediate support seen near 60,500. “A sustained breakout above 60,800 would reaffirm the bullish setup and open room for a move toward fresh highs,” Ponmudi R explained.
Shrikant Chouhan, Head Equity Research, Kotak Securities, highlighted that the market formed a Doji candle pattern on daily charts, indicating indecisiveness. “The short-term market outlook remains positive, but there could be a quick intraday dip if the index slips below 25,900/84,100,” he said.
Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, pointed to positive trends sustaining the rally. “There are two trends that can sustain the ongoing mild rally in the market. One, this is a comprehensive rally with the broader market, too, participating with more enthusiasm,” he said, adding that sustained FII selling has stopped.
The rupee remained stable, trading near 90.60–90.80, providing macro comfort and limiting currency-driven volatility. India VIX remained contained, signaling subdued volatility and a broadly stable market undertone despite recent gains.
Published on February 11, 2026