Market Outlook – February 10, 2026
Indian markets are expected to open flat to positive today following strong Asian cues and continued momentum from yesterday’s banking-led rally. Nifty 50 may trade in the 25,800-26,100 range with immediate support at 25,400-25,600 and resistance around 26,300. Bank Nifty remains the strongest index targeting 61,200 with support at 59,500-59,200 levels. Overall market bias stays positive though results season volatility warrants caution.
Global Markets Overview
Asian markets opened higher with Nikkei 225 hitting record highs (+1.52%), Topix up 1.08%, and Kospi gaining 1.21%. US markets rebounded overnight on policy expectations while European indices showed mixed performance. Commodity prices remain stable with gold around $2,847 and crude oil steady despite geopolitical tensions.
GIFT Nifty & Currency Update
GIFT Nifty futures trading at 25,973.50 indicate a mild positive opening bias (+0.32% from previous close). Dollar Index remains stable around 104 levels exerting mild pressure on Rupee currently at ₹91.50. Volatility expected from ongoing Q3 results announcements.
FII & DII Activity
Latest available data (February 6) shows FIIs as net sellers of ₹1,860 crore while DIIs countered with net buying of ₹2,412 crore. Domestic institutional support continues to offset foreign outflows providing market stability during earnings season.
Stocks Expected in Action Today
Results season dominates with GRASIM Industries and EICHER Motors announcing Q3 numbers today. Additional stocks to watch include Marico, BSE, Aurobindo Pharma, Gravita India, Railtel, and Ceigall India. Sector-wise focus remains on Financial Services, Automobiles, and Capital Goods where rotational buying continues.
Today’s Corporate Results Calendar
Key announcements include GRASIM Industries, EICHER Motors, Gulf Oil Lubricants, NRB Bearings, Texmaco Rail & Engineering, India Pesticides, Pfizer, and Sansera Engineering. Tomorrow brings major results from M&M and Hindalco adding to market volatility.
F&O Ban List
Stocks currently in NSE F&O ban list: IRFC (108% MWPL), GODREJPROP (112%), IREDA (105%), MCX (100%). Traders should only reduce positions in these names and avoid fresh entries.
Key News Events & Market Movers
US Federal Reserve minutes scheduled for release will provide crucial rate cut guidance. Peak Q3 earnings season continues with mixed expectations across sectors. Updates on Indo-US trade deal negotiations remain market focus alongside global rebound continuation.
Tomorrow’s Focus Areas:
Nifty support at 25,800 crucial with Bank Nifty targeting 61,200. Watch GRASIM and EICHER results reaction along with banking heavyweights SBI and HDFC Bank for directional cues.
Disclaimer & Disclosure
This market update serves educational purposes only and does not constitute investment advice or recommendations. Results season carries elevated volatility risks. All data based on public sources as of February 10, 2026. SEBI-registered Research Analyst; no holdings in mentioned securities.