Pre-Market 9 February 2026: Nifty Holds Near 25,700 as Markets Consolidate

Indian stock markets are heading into a new Monday after a mostly range-bound session on Friday, 6 February, when benchmarks ended slightly higher despite mixed sectoral action. Support from stocks in consumer and private banking helped keep the indices steady, while selling in auto, IT, and pharma shares kept limited gains.

Trade through the session remained cautious. The market stayed in a consolidation phase as investors assessed policy signals alongside global cues and upcoming data releases.

Markets had opened marginally lower. At the open, the Sensex stood at 83,249.32, down 64.61 points, while the Nifty opened at 25,605.80, lower by 37 points.

Sectoral Action Remains Mixed

The benchmarks were supported by buying activity in consumer equities and private banking companies. However, the gain was limited by the continued pressure on the auto, IT, and pharmaceutical sectors.

The wider market's breadth remained sluggish. Even though the closing was positive, cautious participation was evident as 1,885 of the 4,359 equities that were traded on the BSE rose, 2,309 fell, and 165 stayed the same.

Rupee, Volatility and Institutional Activity

The India VIX closed at 11.94, down 1.86%, pointing to easing volatility after recent swings. Lower volatility suggested reduced near-term risk perception, even as markets remained range-bound.

The Indian rupee, which had strengthened earlier in the week from record lows, which showed exchange rates at ₹90.60 per US dollar, remained a major factor that market participants monitored for its impact on foreign flows.

The exchange data showed that foreign institutional investors became net buyers on 6 February, while domestic institutional investors sold more assets than they bought. The FII net buying activity during three of the four most recent trading sessions shows that investors are beginning to change their investment strategies.

Technical View: Where Do Levels Stand?

From a technical view, the index continues to move within a tight range.

For the Nifty, support is placed near 25,500, while resistance is seen around 25,700. The index has spent the last few sessions moving between these levels, with no clear breakout so far. A sustained move on either side of this band is expected to set the next direction.

On weekly charts, the structure has improved. The Nifty has formed a bullish candle and managed to close above its 100-day moving average near 25,660. Momentum readings have also improved, with the RSI now above 50, pointing to better underlying strength.

Key Triggers to Watch For This Week

• Trade developments between the US and India after the release of a framework for an interim trade agreement.
• January CPI inflation figures, calculated with 2024 as the updated base year.
• Geopolitical events, especially US-Iranian discussions.
• Q3 earnings as the fifth week of the December-quarter results season begins.

Amid trade-related confidence, market attention is expected to be on export-orientated industries, including autos, IT, pharmaceuticals, chemicals, textiles, and defence.

Upcoming IPOs

Primary market activity picks up with two mainboard issues opening on Monday, 9 February.

1. The Fractal Analytics IPO, sized at ₹2,833.90 crore, opens on 9 February and closes on 11 February. Market participants are watching the issue closely as Fractal becomes India’s first pure-play artificial intelligence company to enter the public markets.

2. The Aye Finance IPO, sized at ₹1,010 crore, will also be open for subscription during the same period. The company functions as a middle-layer NBFC which provides loans to micro-scale MSMEs throughout India to support their working capital needs and business growth plans.

What Should We Expect in Today’s Market?

The Monday market opening will begin a trading session which will likely drive market consolidation. The market participants should monitor three main factors, which include worldwide market trends, institutional trading patterns, and upcoming economic report releases throughout the entire trading session.

The stock market may show specific price movements because volatility has decreased, but essential price points remain intact.

Sources:

Mint

ET

NSE India

BSE India