The BSE Sensex traded 144 points higher, or 0.2%, at 84,210, while the Nifty 50 was up by 55 points to start the day at 25,922 or 0.21% higher.
On the 30-stock Sensex, Eternal, Titan Company, Sun Pharma, NTPC, Axis Bank, and Bharti Airtel were the top gainers, rising up to 1.5%. On the laggards’ side, HCL Tech, Bajaj Finance, IndiGo, and Asian Paints fell in the range of 0.5%-1%.
Expert Views
VK Vijayakumar of Geojit Investments said market tailwinds are strengthening as economic growth prospects improve beyond earlier optimistic projections. He highlighted a key macro shift in the revival of private capex, which had remained weak for years. Data from a sample of listed companies showed a 13.1% YoY rise in fixed assets in H1FY26, signalling a pickup in private investment, supported further by a recent uptick in bank credit growth.
According to him, markets are likely to start factoring in these positives, especially as the US-India trade deal is no longer seen as a constraint. He expects financial stocks to potentially outperform in the rally, while IT may remain under pressure due to the Anthropic shock. The improving performance of the broader market, particularly a recovery in smallcaps, could further boost retail investor sentiment and help markets stay resilient.
FII/DII Tracker
Foreign portfolio investors or FPIs net bought shares worth Rs 2,255 crore on Friday, February 9. DIIs, meanwhile, were net buyers of just Rs 4.15 crore, provisional data from the National Stock Exchange showed.
Global Markets
U.S. equities ended higher on Monday after a volatile start to the session, with the S&P 500 and Nasdaq gaining momentum as technology stocks stabilised following last week’s AI-led selloff. Investors remained cautious ahead of key economic data expected to provide further clarity on the Federal Reserve’s interest rate outlook. The Dow Jones Industrial Average recorded its second straight record close with a modest gain, while the S&P 500 finished below its own closing high.
Asian markets traded mixed on Tuesday, with Japan’s Nikkei 225 extending its post-election rally to fresh highs amid broader regional gains. The Japanese market continued to benefit from the so-called “Takaichi trade” following Prime Minister Sanae Takaichi’s decisive Lower House election victory.
The Nikkei 225 advanced 2.39% to 57,708 and the Topix rose 1.91%, both marking record levels. South Korea’s Kospi added 0.35%, though the small-cap Kosdaq slipped 0.86% into negative territory. Hong Kong’s Hang Seng index gained 1.12%, mainland China’s CSI 300 was marginally lower, and Australia’s S&P/ASX 200 rose 0.44%, extending its rally to a third consecutive session.
Crude Impact
Oil prices edged lower on Tuesday as market participants assessed the potential for supply disruptions, with U.S. guidance for vessels passing through the Strait of Hormuz keeping geopolitical tensions between Washington and Tehran in focus. Brent crude futures slipped 25 cents, or 0.4%, to $68.79 per barrel by 0102 GMT, while U.S. West Texas Intermediate crude declined 23 cents, or 0.4%, to $64.13 per barrel.
Rupee vs Dollar
The Indian rupee opened 0.05% higher at 90.71 against the U.S. dollar, compared with the previous close of 90.7575.
With inputs from agencies
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)