Market Trends - The ongoing mild rally in the market is supported by two trends: appreciation in mid and small caps, which has encouraged retail investor participation, and a halt in sustained Foreign Institutional Investor (FII) selling, with FIIs being net buyers in five out of the last six trading sessions [1][11] - The depreciation of around 10% in the dollar over the past year has diminished dollar gains for foreign investors in the US market, potentially prompting FIIs to seek investment opportunities outside the US [11] Investment Activity - Foreign portfolio investors (FPIs) net bought shares worth ₹69 crore on February 10, while domestic institutional investors (DIIs) were net buyers of ₹1,174 crore, according to provisional data from the National Stock Exchange [4][11] Global Market Impact - US markets ended mixed, with the S&P 500 down 0.33% and the Nasdaq Composite down 0.59%, while the Dow Jones Industrial Average gained 0.10% to reach a record high [5][11] - Asia-Pacific markets mostly traded higher, with Australia's S&P/ASX 200 up 1.43% and South Korea's Kospi rising 0.6%, despite weak US economic data [6][7][11] Commodity Prices - Oil prices remained steady, with Brent crude futures up 0.3% at $69.03 per barrel and US West Texas Intermediate crude gaining 0.4% to $64.19 per barrel [8][11] Currency Exchange - The Indian rupee opened at 90.56 per US dollar, showing little change from the previous close of 90.5775 [9][11]
Sensex rises over 100 pts, Nifty reclaims 26,000 as auto, IT stocks rally
The Economic Times·2026-02-11 04:03