Indian stock markets exhibited positive momentum on Tuesday, February 10, 2026, with both the Nifty 50 and Sensex trading near their day’s highs as of 12 PM IST. However, profit-taking activity tempered gains in PSU bank stocks.
Delivery Platform Stocks Surge
Shares of delivery platform companies, Eternal and Swiggy, experienced significant gains, rising by as much as 6% in intra-day trade on the BSE. This follows a positive trend from the previous trading day, fueled by substantial trading volumes. Eternal rallied 6% to ₹306.45, representing an 8% increase over the past two trading days. Trading volumes for Eternal jumped 1.5 times, with 64.77 million equity shares changing hands on the NSE and BSE combined.
Regulatory Scrutiny for New Exchanges
India’s market regulator, the Securities and Exchange Board of India (Sebi), has halted the launch of equity derivatives trading on the National Commodity and Derivatives Exchange (NCDEX) and the Metropolitan Stock Exchange (MSE). Sebi is requiring the exchanges to first build up their share-trading businesses. Both NCDEX and MSE had sought approval to introduce equity cash and derivative products late last year.
Adani Enterprises Under US Scrutiny
Adani Enterprises disclosed that the US Treasury Department has requested information regarding allegations that the company imported Iranian oil products into India. The inquiry stems from a report published in the Wall Street Journal in June 2025. Adani Enterprises stated it is fully cooperating with the Office of Foreign Assets Control (OFAC), the Treasury Department’s sanctions enforcement arm.
Analyst Bullish on GIC RE
Technical analyst Om Mehra of SAMCO Securities expressed a bullish outlook on General Insurance Corporation of India RE (GIC RE), anticipating a further rally from current levels. The stock has gained over 4% in the last three trading sessions following its Q3 earnings report.
Market Breadth Positive
The market breadth on the BSE was positive, with advancing stocks outnumbering declining shares in a 2:1 ratio.
Gold ETF Inflows Double
Net inflows into Gold ETFs doubled month-over-month in January 2026, reaching ₹24,039.96 crore, according to data from the Association of Mutual Funds of India (AMFI). This inflow surpassed the net investment in ‘growth/equity-oriented’ schemes, which totaled ₹24,028.59 crore during the same period.
Microcap Stocks in Demand
Microcap stocks experienced increased demand, with the Nifty Microcap 250 index gaining 1%. Select microcap companies reported strong earnings in the December 2025 quarter (Q3FY26), contributing to the positive sentiment. Sterlite Tech and ISGEC Heavy saw gains of up to 20%.
Jain Resources Recycling Reports Strong Q3
Jain Resources Recycling reported a 115% year-over-year increase in net profit for the third quarter (Q3FY26), reaching ₹126.3 crore compared to ₹58.6 crore in the same period last year.
Brokerage Views
JM Financial initiated coverage on Mankind Pharma with a ‘Reduce’ rating, citing concerns about moderating growth in its core India business and limited scope for a rebound from its existing portfolio. Conversely, the firm initiated a ‘Buy’ rating for Lenskart Solutions, setting a target price of ₹535 per share, citing strong growth visibility and vertical integration. Navin Fluorine International’s stock saw volatility following its Q3 earnings, with JM Financial increasing its target price by 24%.
