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Indices continue to face intense selling pressure in late morning deals
Feb-13-2026

Domestic equity indices were facing intense selling pressure, with the Nifty trading lower over 1%, and Sensex losing out on over 800 points, in late morning session as market participants indulged in reducing their positions. Hectic selling in Infosys, Eternal, TCS, Hindustan Unilever and Adani Ports companies’ stocks dragged both the Sensex and Nifty below their psychological 82,900 and 25,550 levels respectively. Depreciation in Indian rupee against dollar also weighed down sentiments. The rupee depreciated 13 paise to 90.74 against the US dollar on account of increased demand for the American currency from importers and banks. Meanwhile, the India VIX, the market’s fear gauge, rose more than 6 percent to 12.46, indicating higher uncertainty and risk perception among investors.

On the global front, Asian markets were trading in red following weak cues from the US markets overnight. Back home, all the sectoral indices on the BSE were trading in red led by Realty, Metal down, IT, Basic Materials and TECK.

The BSE Sensex is currently trading at 82839.93, down by 834.99 points or 1.00% after trading in a range of 82771.75 and 83079.70. There were 3 stocks advancing against 27 stocks declining on the index. 

The losing sectoral indices on the BSE were Realty down by 3.09%, Metal down by 3.00%, IT down by 2.91%, Basic Materials down by 2.16%, TECK down by 2.06%, while there were no gainers on sectoral indices. 

The few gainers on the Sensex were Bajaj Finance up by 1.26%, SBI up by 0.06% and Maruti Suzuki up by 0.05%. On the flip side, Infosys down by 3.76%, Eternal down by 3.49%, TCS down by 3.01%, Hindustan Unilever down by 2.16% and Adani Ports down by 2.11% were the top losers.

Meanwhile, Union Commerce Minister Piyush Goyal has said that there is need to capture a larger share of the international cloud market and data processing market, while focusing on local talent employment. Launching a report by the Niti Ayog on India's Technology Services, Goyal said he would prefer attracting more investments into India, rather than deploying Indian talent overseas. He said they should be employed locally so that they can live with their families.  

The minister said Indians are good at AI, especially applied AI. He mentioned the current practice of sending Indians to foreign lands, paying them dollar or euro salaries, which are five times what the companies would pay them locally. 

He said India is going to achieve its 500 GW non-fossil fuel capacity target by 2030, which will support the growth of data centres. He noted that the data centre capacity projection by 2030 is very small, and after the announcement of the tax holiday till 2047, the entire landscape around the segment will change significantly. 

The CNX Nifty is currently trading at 25533.10, down by 274.10 points or 1.06% after trading in a range of 25513.30 and 25630.35. There were 5 stocks advancing against 45 stocks declining on the index.

The top gainers on Nifty were Bajaj Finance up by 1.22%, Eicher Motors up by 0.47%, Apollo Hospital up by 0.38%, SBI up by 0.03% and SBI Life up by 0.02%. On the flip side, Hindalco down by 5.41%, Infosys down by 3.68%, Eternal down by 3.56%, ONGC down by 3.09% and TCS down by 2.93% were the top losers.

All Asian markets were trading lower; Nikkei 225 slipped 645.84 points or 1.12% to 56,994.00, Jakarta Composite plunged 46.78 points or 0.57% to 8,218.57, Shanghai Composite weakened 35.45 points or 0.86% to 4,098.57, KOSPI dropped 13.11 points or 0.24% to 5,509.16, Hang Seng declined 575.54 points or 2.13% to 26,457.00 and Straits Times fell 74.47 points or 1.48% to 4,942.29.
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