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Daily Market Update
10-Feb-20261 min readvipin kumar

UK PM Keir Starmer faces calls to quit after departure of two top aides- Daily Market Update 10th Feb 2026

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Scottish Labour Leader Anas Sarwar urged UK Prime Minister Keir Starmer to quit his post over his controversial appointment of Peter Mandelson as US ambassador, becoming the most senior party figure so far to pull support from the beleaguered premier.

Overview and Outlook

Global Stock Market Today

  • US equity markets settled on a flat to positive note.
  • European equity markets ended higher in range 0.16% to 1.17%.
  • Asian equity markets are trading higher.
  • GIFT Nifty is up by 100 points, Nifty futures likely to open around 25980 levels.

 

News highlights from across the globe

  • Us equity markets rose after a shaky start on Monday, as technology stocks found their footing following last week’s AI-sparked selloff, while investors waited for key economic data that could shed light on the Federal Reserve’s interest-rate path.
  • Asian stocks are trading higher on Tuesday as a recovery in US tech stocks gathered momentum after last week’s selloff tied to concerns over massive spending on artificial intelligence.
  • Oil prices steadied after a two-day climb, supported by rising geopolitical tensions in the Middle East involving OPEC member Iran, which helped add a risk premium to crude. West Texas Intermediate traded above $64 a barrel.

 

Important news updates from the domestic front

  • Gujarat State Fertilizers And Chemicals  (Cons,YoY) revenue up 4.51% at Rs 2941.05 crore versus Rs 2814.07 crore. Ebitda up 12.12% at Rs 177.66 crore versus Rs 158.45 crore. Ebitda margin up 41 bps at 6.04% versus 5.63%.Net profit up 18.08% at Rs 158.06 crore versus Rs 133.85 crore.
  • BSE (Cons,QoQ) revenue up 17.09% at Rs 1327.96 crore versus Rs 1134.08 crore. Ebitda up 13.88% at Rs 861.63 crore versus Rs 756.56 crore.Ebitda margin down 182 bps at 64.88% versus 66.71%.Net profit up 8.04% at Rs 601.81 crore versus Rs 557.02 crore.
  • Garden Reach Shipbuilders & Engineers has entered into an MoU with  Hindustan Shipyard.
  • NTPC Green Energy has added 14.43 MW of solar capacity from its Khavda‑I project into commercial operations. The total installed capacity of the company has increased to 8827.68 MW.
  • Bank of Baroda: The Bank informs that AIBEA, AIBOA and BEFI has served notice informing their decision to go on Strike on Thursday Feb.12, 2026.
  • Ipca Laboratories‘s  new API manufacturing facility set up with a capital outlay of Rs. 182 crores has commenced commercial production.
  • Marico‘s arm has entered into a strategic investment to acquire 75% stake in Skinetiq.
  • Lloyds Enterprises has sold 60 lakhs fully paid-up equity shares of arm at Rs. 49.65 per share. Amounting to Rs. 29.69 crore, i.e. 0.41% equity share capital to Thriveni Earthmovers Private Limited through “Block Deal”.
  • Pidilite Industries will invest up to Rs. 3.75 crore in Buildnext via CCPS, keeping its fully diluted stake within 34%.
  • Adani Enterprises- Record Date for the Second and Final Call of Rs. 450 per partly‑paid Rights share is fixed as Feb 13, 2026. The final call relates to 13.85 crore partly‑paid shares allotted earlier.
  • Wipro- The transaction for subscribing to the equity share capital of AMPIN Energy C&I One has been completed by the company.
  • Yes Bank received Rs. 76 crore as redemption proceeds from the Security Receipts of an NPA portfolio earlier sold to JC Flower ARC.
  • Aurobinda Pharma will enter a PPA with Garuda Renewables and invest Rs. 66 crore for up to 26% stake.

 

Nifty Overview & Outlook

Tracking positive cues from the global front, benchmark Nifty index opened with a gap on the higher side and settled at 25867 spot levels after adding 174 points to its previous closing values.

Broader markets outperformed the benchmark as Mid and Small cap indices were up 1.58% & 2.64% respectively.

All sectoral indices, tracked at NSE, ended in green. Amongst them, Media index was at the top of the tally, gained 4.37% followed by Consumer Durables, PSU Banks, Realty and Chemicals indices that were up in range 2% to 3.6%.

The Nifty index breached its four-day congestion range on the upside, paving the way for the 26150–26200 spot levels in the next couple of trading sessions. Conversely, the 25500–25700 zone will act as a decent support level on the lower end.

 

Derivatives Overview & Outlook

Yesterday, long buildup was seen in Banknifty and Midcapnifty futures with an increase in open interest by 15.4% and 2% respectively along with some short covering in Nifty futures that shed 3.6% of open interest. On the other hand, no significant change was observed in Finnifty futures on open interest front.

All of sectoral indices settled on a positive note. Amongst them, Cement, New-age and Pharma stocks witnessed maximum addition of long positions along with some short covering among Metal, Oil & Gas and Textile stocks.

On option front, both put writing and call addition was seen at multiple strikes. Maximum positions are at 26000 CE followed by 27000 CE and 25800 PE followed by 25000 & 25500 PE.

 

Institutional Trading Activity

Yesterday, FIIs bought stocks worth Rs 2255 Cr in the cash segment, bought index futures worth Rs 763 Cr also bought stocks futures worth Rs 442 Cr. DIIs were too net buyers in the cash segment to the tune of Rs 4 Cr.

 

Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels

Nifty – Resistances 26020-26150; Supports 25800-25700

Banknifty – Resistances 60900-61200; Supports 60500-60300

Finnifty – Resistances 28300-28400; Supports -28050- 27980

 

F&O Security in Ban Today:   SAMMAAN CAPITAL

 

Important Results Today: APOLLOHOSP, EIHOTEL, ESCORTS, FINCABLES, OIL, UBL, WOCKPHARMA & TITAN

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