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Below the Market Commentary (closing) for 13th February 2026 by Bajaj Broking

Market Closing Commentary

Indian equity benchmarks tumbled on February 13, with broad-based selling pulling the Nifty below the 25,500 marks. The market remained volatile throughout the session, weighed down by weak global cues ahead of crucial US inflation data. The earlier boost from the US–India trade deal faded, while fresh AI-related concerns further dented sentiment, amid fears that Indian IT firms could face stronger competition from US-listed peers. By the close, the Sensex slumped 1,048.16 points (1.25%) to 82,626.76, and the Nifty declined 336.10 points (1.30%) to 25,471.10. All major sectoral indices ended in negative territory. Energy, metal, and realty stocks led the losses with declines of 2–3%, while IT, consumer durables, FMCG, telecom, infra, auto, power, PSU, and oil & gas indices fell around 1% each. The broader market also came under pressure, as the Nifty Midcap and Small-cap indices dropped nearly 2% each.

Nifty Outlook 

Index on the weekly chart formed a bearish candle which remained contained inside previous week price range signaling consolidation amid stock specific action. Going ahead, immediate bias remains down below Friday’s gap down area of 25750. A follow through weakness will open further downside towards 25,200 and 25,000 levels in the coming weeks. Key support is placed at 25,000 being the confluence of the 52 weeks EMA and the 80% retracement of the recent up move. On the higher side only a move above 25,750 will signal a pause in current decline. While key resistance is placed at last week high of 26,000.

Bank Nifty Outlook

Index on the weekly chart formed a small bearish candle which remained contained inside previous week price range signaling consolidation with corrective bias. Going forward, index likely to consolidate in the range of 59500-60,800. Only a move above 60,800 levels will open upside toward the key resistance area of 61,200–61,800 in the coming sessions. The overall outlook remains positive and the current breather should be seen as buying opportunities. Immediate support is placed at 59500-59200 levels being the confluence of the 20- and 50-days EMA. Volatility is likely to remain elevated amid uncertain global cues.

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