Stock Market Update Today, Feb 11: Global Mixed, India Firm, FII Inflows, Auto-Metal Surge & 26K Nifty in Focus

Market Outlook:
Indian equities extended their winning streak for the third consecutive session, supported by firm Asian cues and optimism surrounding the India–US interim trade framework. The Nifty closed above the 25,900 mark and is now hovering near the crucial 26,000 psychological resistance level, where significant call writing is visible. Despite mixed global cues, domestic sentiment remains constructive, aided by stable India VIX levels near 12 and improving breadth across broader markets. Midcaps and select cyclicals continue to outperform, indicating underlying strength, though caution is warranted near resistance zones.

FII and DII Activity:
Foreign Institutional Investors (FIIs) remained net buyers, infusing approximately ₹2,254 crore into Indian equities, reflecting renewed confidence amid emerging market inflows and a weakening US dollar narrative. Domestic Institutional Investors (DIIs) continued to provide steady support, absorbing volatility and maintaining liquidity stability. The synchronized participation of both FIIs and DIIs suggests institutional conviction in India’s macro resilience and earnings trajectory.

Sector Activity:
Sectoral rotation remains evident, with Auto, Metals, Oil & Gas, IT, and Realty contributing positively to index performance. Metal stocks gained momentum amid global stabilization signals, while Auto stocks were supported by rural demand optimism. IT showed signs of rebound on trade deal optimism and enterprise AI growth prospects. Meanwhile, PSU Banks witnessed mild profit booking, indicating selective participation rather than broad-based risk aversion.

Derivatives Positioning (Long/Short Activity):
Derivative data indicates fresh long build-up in stocks such as SWIGGY, TORNTPOWER, LUPIN, AMBER, and BSE, supported by rising open interest and price gains. Short build-up was observed in counters like POLICYBZ, RVNL, and ZYDUSLIFE. Long unwinding was visible in select financial names, while short covering emerged in TATASTEEL, BANDHANBNK, and MOTHERSON — suggesting tactical repositioning rather than structural weakness. Significant call writing at the 26,000 strike may act as a near-term cap unless supported by stronger momentum.

Top 5 News Highlights:

• Government launches 5% OFS in BHEL at ₹254 per share as part of FY26 disinvestment plan.
• Fractal Analytics IPO closes today; strong interest in enterprise AI growth theme.
• IMF projects India’s FY26 GDP growth at 6.4%; domestic estimates remain near 7%.
• NRI investment limit in listed companies increased to 10%, expected to boost liquidity inflows.
• Silver enters “overbought” territory amid record rally, raising volatility concerns in precious metals.