Post Market 12 February 2026: Markets Extend Weekly Losses
- By Kotak News Desk
- 12 Feb 2026 at 5:54 PM IST
- Market News
- 4 minutes read
Benchmark indices extended losses as Sensex fell almost by 559 points and Nifty dropped approx 147, dragged by sharp declines in IT stocks. Financial shares limited damage, while midcaps and smallcaps also closed lower.
India’s benchmark indices ended lower on Thursday. Thus, they extended their weekly decline as losses in information technology (IT) stocks deepened and hopes of an early US Federal Reserve rate cut faded.
The BSE Sensex closed at 83,674.92, down 558.72 points or 0.66%. The NSE Nifty 50 settled at 25,807.2, lower by 146.65 points or 0.57%. The fall came despite steady foreign inflows this month and gains in select financial stocks.
Laggards And Movers
The IT pack led the decline amid persistent concerns over artificial intelligence-led disruption in global technology spending. Losses were partly offset by gains in financial and select consumer-facing stocks (see table)
Bajaj Finance, which rose 3.31% | Tech Mahindra, down 6.40% |
Shriram Finance added 2.48% | Infosys, down 5.97% |
Eicher Motors gained 2.13% | TCS, down 5.77% |
ICICI Bank gained 1.84% | HCL Tech, down 5.20% |
Bharat Electronics gained 1.47% | Wipro, down 4.79% |
Broader Markets Also Under Pressure
The weakness was not limited to large caps. Broader indices also closed in the red. The Nifty MidCap index declined 0.47%. The Nifty SmallCap index fell 0.64%. Market breadth remained negative on the BSE. As many as 2,433 stocks declined, compared with 1,647 advances.
At the same time, 127 stocks hit 52-week highs, while 97 touched 52-week lows. The data reflected consolidation across sectors. This particularly amid uncertainty in global technology stocks.
Decline In Gold And Silver Prices
Gold and silver prices declined sharply in domestic trade on Thursday. They reversed gains from the previous session as traders booked profits at higher levels.
On the Multi Commodity Exchange (MCX), gold touched an intraday low of ₹1,57,701 per 10 grams. Silver, meanwhile, struggled to hold above the ₹2.60 lakh per kg mark after hitting an intraday high of ₹2,63,018 per kg earlier in the day. Both precious metals were down nearly 1% each in intraday trade.
The pullback comes after a recent rally in bullion prices, suggesting some cooling in near-term momentum. A nearly 1% fall in both metals indicates short-term volatility.
What It Means For Investors?
The day’s move shows that markets are reacting quickly to global signals, especially in sectors like IT that depend on overseas demand. Even as foreign investors return and financial stocks remain firm, there could be heavy selling. This could also bring down indices in the coming days.
Also, analysts feel the decline in gold and silver prices could be due to traders reacting to global cues and shifts in dollar and bond yield movements. For investors, this suggests that stock-specific and sector-specific trends may matter more than headline index levels in the near term.
Sources:
The Hindu Business Line
Business Standard
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