Nifty ended higher by 68 points and the Sensex rose by 208 points.
Shrikant Chouhan,
Head Equity Research,
Kotak Securities
Mumbai, 10 February 2026: Today, the benchmark indices continued their positive momentum, with the Nifty ending higher by 68 points and the Sensex rising by 208 points. Among sectors, almost all the major sectoral indices witnessed positive momentum, but the Capital Market index outperformed, rallying over 2.70 percent.
Technically, after a promising uptrend, the market has formed a Doji candle pattern on the daily charts, indicating indecisiveness between the bulls and bears.
We are of the view that the short-term market outlook remains positive, but there could be a quick intraday dip if the index slips below 25,900/84100. Below this level, the market could retest the levels of 50 day SMA ( Simple Moving Average ) or 25,800-25,750/83700-83500.
Gaurav Garg, Research Analyst at Lemonn Markets Desk, reports:
“Indian equity markets extended gains for the third straight session, supported by broad-based buying and positive sentiment in select large-cap stocks.
Most sectoral indices finished in the green, with Media leading the gains, followed by Auto. Midcap and Smallcap indices also edged up around 0.4 percent each, indicating steady participation beyond frontline stocks. Pharma and PSU Bank were the only sectors to end lower.
Food delivery and quick commerce stocks outperformed, with Eternal and Swiggy rising to multi-week highs on strong volumes. The rally was driven by a mix of positive developments, increased domestic mutual fund ownership, and block deal activity.
On the currency front, the rupee strengthened by 18 paise to close at 90.58 against the US dollar.
Overall, the market tone remained constructive, with selective buying in index heavyweights and continued risk-on sentiment.”
On the higher side, 26,000/84500 would be the immediate resistance zone for the bulls. A successful breakout above 26,000/84500 could push the market up to 26,100-26,150/84800-85000.
