Indian Stock Market Weekly View (Feb 9–Feb 13, 2026) — Cautiously Positive After Budget Shock

📌 Quick Snapshot: Where We Start This Week

Indian Stock Market Weekly View for Feb 9th to Feb 13th: Last week was a 6-session, event-heavy week (Budget session + RBI + global cues). Markets ended in the green overall, but volatility stayed real.

🏛️ Latest Closing Levels (06 Feb 2026)

• Nifty 50: 25,693.70

• Sensex: 83,580.40

• Bank Nifty: 60,120.55

• India VIX: 11.94 (volatility cooled from Budget Day spike, but still watchable)

🧠 Weekly View & Sentiment: What the Market is Really Saying

This week is likely to be a “digest-and-decide” week.

• The Budget Day fall was sharp (Sunday session), mainly due to policy/tax surprises for traders, especially in derivatives.

• After that shock, markets recovered strongly into the week-end, helped by improving sentiment and supportive cues.

• Net-net: sentiment looks cautiously positive, but you should expect consolidation and quick sector rotation.

✅ Indian Stock Market Weekly View: Key Levels (Feb 9–Feb 13, 2026)

This section is your weekly map. Use it to plan entries/exits instead of reacting emotionally to headlines.

🟦 Nifty 50 — Support & Resistance

Last week’s visible swing range (Budget week):

• High: ~26,341

• Low: ~24,572

Support Zones

• S1: 25,500 – 25,400

• S2: 25,200 – 25,100

• S3: 24,900 – 24,800 (strong “line in the sand”)

Resistance Zones

• R1: 25,850 – 25,950

• R2: 26,150 – 26,250

• R3: 26,350 – 26,400 (major supply zone)

Weekly view: If Nifty holds above 25,400–25,500, dips may get bought. Sustained acceptance above 26,000 can open a faster up-move.

🟧 Bank Nifty — Support & Resistance

Last week’s range:

• High: ~61,765

• Low: ~57,783

Support Zones

• S1: 59,600 – 59,300

• S2: 59,000 – 58,800

• S3: 58,400 – 58,200

Resistance Zones

• R1: 60,500 – 60,700

• R2: 61,200 – 61,400

• R3: 61,700 – 61,900

Weekly view: Bank Nifty is the “mood index.” If it holds above 59k, bulls remain comfortable. Below that, market may turn choppy again.

🟥 Sensex — Support & Resistance

Last week’s range:

• High: ~85,872

• Low: ~79,899

Support Zones

• S1: 82,800 – 82,400

• S2: 81,800 – 81,300

• S3: 80,800 – 80,000

Resistance Zones

• R1: 83,900 – 84,300

• R2: 85,000 – 85,400

• R3: 85,850 – 86,000

💰 FII & DII Overview (Last Week: Feb 1–Feb 6)

Here’s the clean institutional picture (Cash market):

📊 Net Flows (Feb 1 to Feb 6)

• FIIs: +₹2,645.53 Cr (Net Buyers)

• DIIs: +₹2,892.14 Cr (Net Buyers)

👉moneycontrol

Takeaway: When both FIIs and DIIs are net buyers, the market typically gets a supportive floor. But this doesn’t remove volatility—especially after big policy events.

🧾 SEBI New Rules & Market Impact (What Traders Must Know)

Budget week reminded everyone: regulations + taxes can move markets instantly.

🟨 1) Closing Auction Session (CAS) + Pre-open Changes

SEBI introduced a framework for a Closing Auction Session (CAS) in the cash segment and modifications to pre-open auction. This is aimed at improving closing price discovery and market robustness.

Impact (practical):

• Better closing price quality (important for derivatives settlement & index funds)

• Slight adjustment required for traders who depend on closing spikes

🟩 2) SWAGAT-FI for Foreign Investors

SEBI’s SWAGAT-FI framework aims to simplify and streamline access for trusted foreign investors (FPIs/FVCIs).

Impact: Longer-term positive for foreign participation sentiment, though day-to-day flows still depend on global risk mood and INR direction.

🧮 Open Interest & Put-Call Ratio (OI + PCR)

Derivatives sentiment matters a lot this week because Budget also raised derivatives transaction taxes (higher trading cost = possible shift in behavior).

📌 Live PCR Reading

• Nifty PCR: 0.864

• Bank Nifty PCR: around 0.91 (Upstox live snapshot)

How to read it (simple):

• PCR near 1 = balanced

• Below 1 = slightly cautious/defensive positioning
  So overall, the setup is not euphoric, which is healthy for a steady uptrend.

🧾 IPO Updates (Feb 9–Feb 13 Week)

Primary market is active again.

🟦 Mainboard Highlight

• Fractal Analytics IPO opens Feb 9 (retail), closes Feb 11 (as reported).

🟩 SME Highlight

• Biopol Chemicals SME IPO opened Feb 6, closes Feb 10, listing expected Feb 13.

Also, multiple issues are lined up in the Feb 9–Feb 16 window (strong IPO momentum).

🛢️ Commodity Market Check (Crude + Gold)

🛢️ Brent Crude

Brent around $69.82/bbl remains a key macro input for inflation and INR direction.

WTI around $65.74/bbl

Market meaning:

• Rising crude can pressure India’s macro and increase INR sensitivity

• Energy stocks may benefit, but broader markets can get cautious if crude spikes

🥇 Gold (India)

Gold prices remain elevated; recent rates show 24K gold around ₹1,55,050/10gram (recent update). 👉goodreturns

Silver

Silver ~ ₹ 2,49,499/kg

Market meaning:
Gold staying strong usually reflects global uncertainty and hedging demand.

💱 Currency Update (USD/INR)

Rupee ~ 90.66/$ mood improved recently after trade-related optimism; reports noted a strong weekly move and better risk sentiment.

Why INR matters this week:

• A stable/strong rupee can support FII confidence

• Any sudden USD demand can bring volatility back into banks and rate-sensitive sectors

🔮 Weekly Range Forecast (Feb 9–Feb 13)

Based on last week’s volatility range and current closes:

✅ Nifty Forecast Range

• 25,200 – 26,250 (base case)

✅ Bank Nifty Forecast Range

• 58,800 – 61,400

✅ Sensex Forecast Range

• 81,300 – 85,400

Rule of thumb: If indices break and sustain beyond these bands, expect a faster trending move. Otherwise, it’s a “buy dips / sell rallies” range week.

🌟 Last Week’s Strong Performers: 2 Stocks + 2 Sectors

✅ Two Stocks (Momentum Watchlist)

• ITC was among notable gainers in the last session and reflected defensive leadership.

• Kotak Bank also featured among gainers in NSE listings (strength in select financials).

(Watchlist idea, not a recommendation.)

✅ Two Sectors to Track

• FMCG / Defensives: Supported the market while IT struggled.

• Financials (Selective): Bank Nifty resilience keeps this sector important for direction.

💡 Investment Plan: Short Term vs Long Term

🟠 Short-Term (1–10 trading sessions)

• Treat this as a range + headline week.

• Avoid oversized option bets because taxes + volatility can punish overtrading.

• Prefer trades near support/resistance zones instead of chasing candles.👉Reuters

🟢 Long-Term (6–24 months)

• Continue SIPs if you’re a long-term investor.

• Use volatility dips to accumulate quality leaders gradually.

• Keep diversification (don’t bet everything on one “Budget theme”).

❓ FAQs

❓Q1. So, how does the stock market look for this week?

Honestly, the market looks a bit hopeful but not fully confident yet. After the recent Budget reaction and global market moves, investors may take it slow. Expect some ups and downs rather than a straight rally.

❓Q2. What Nifty levels should we keep an eye on?

Right now, Nifty seems comfortable near the 25,400 zone. If it slips below that, we might see some pressure. On the upside, 26,000 is the level many traders are watching closely — crossing it could bring fresh momentum.

❓Q3. Why do people talk so much about FII and DII activity?

Because they move big money. When foreign investors buy heavily, markets usually gain confidence. Domestic institutions, on the other hand, often step in during market falls and help stabilize things. Watching both gives a clearer picture of market strength.

❓Q4. I keep hearing about PCR… what does it actually mean?

Think of PCR as a mood indicator for traders. It shows whether traders are leaning more towards bullish or bearish positions. It doesn’t guarantee market direction, but it helps understand how traders are positioned.

❓Q5. Which sectors are looking stronger at the moment?

At present, financial stocks are holding the market fairly well. FMCG stocks are also attracting attention because they are considered safer during uncertain phases. Energy and commodity stocks may move depending on global price changes.

👉Further reading

📌 Indian Markets Post Market Report Today (06.02.2026)

Q3 FY26 Results Snapshot: Axis Bank, Bharti Airtel & Bajaj Finance

India’s New Labor Codes: Why Companies Are Taking “Thousand-Crore”

How Much Should You Invest Every Month? A Simple Guide for Salaried People

📊 Stock Market 101 – Lesson 16 💰 Hidden Trading Costs, Fees & Tax Basics Made Simple (Beginner-Friendly Guide)

Corporate Actions Made Simple for Beginners Stock Market 101-Lesson 15

⚠️Disclaimer:

This weekly view is for educational and informational purposes only and not investment advice. Markets involve risk. Please consult a SEBI-registered financial advisor before making any investment decisions.