Liquide Market Summary 13th February 2026

Indian Stock Market Today: Indian benchmark indices extended losses for a second straight session on February 13, dragged lower by a sharp selloff in IT stocks for the third consecutive day amid growing concerns over the impact of artificial intelligence on the sector. The Nifty IT index plunged 8% this week, marking its steepest weekly decline since April 2025.

Also read: Is Indian IT “Dead” or “Discounted”?

Broader markets also faced significant pressure, with the Nifty Midcap and Smallcap indices falling nearly 1.8% each. On the sectoral front, all major indices closed in the red. Energy, Metal and Realty led the decline with losses of 2-3% each.

NIFTY: The index opened 236.05 points lower at 25,571.15, reached a high of 25,630.35 and closed at 25,471.10. Nifty formed a bearish candle with an upper shadow, signalling a bearish move. Immediate resistance is placed at 25,550, while immediate support stands at 25,400.

BANK NIFTY: The index opened 235.35 points lower at 60,504.40, reached a high of 60,621.90 and closed at 60,186.65. Bank Nifty formed a bearish candle with minor upper and lower shadows. Immediate resistance is placed at 60,400, with support around 60,000.

Stocks in News

• Engineers India: Stock surged over 11% after the company reported a strong Q3 performance, with net profit soaring 219% to ₹347.2 crore and revenue rising 58% YoY to ₹1,210.2 crore.
• Muthoot Finance: Stock plunged nearly 12% despite robust earnings, as net profit jumped 95% to ₹2,656.4 crore and revenue grew 64% YoY to ₹4,467.1 crore.
• Hindalco Industries: Stock fell almost 6% after Q3 profit dropped 45% to ₹2,049 crore. The company reported an exceptional loss of ₹2,610 crore compared to a ₹41 crore loss in the same quarter last year.

Other News

• Asian and European markets largely declined on Friday, pressured by a global sell-off in technology stocks and rising concerns over the sustainability of AI investments.
• Oil prices edged higher during the session but remained on track for a second consecutive weekly decline, as easing fears of a US–Iran conflict reduced potential supply risks.
• Gold climbed more than 1%, rebounding from a near one-week low touched on Thursday. The recovery was supported by bargain hunting, while investors closely monitored upcoming US inflation data for signals on the Federal Reserve’s policy trajectory.

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