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Bourses continue to trade deep in red during early afternoon session
Feb-13-2026

Indian markets continued to reel under pressure in early afternoon session tracing weak cues from other Asian markets. Selling in IT and Metal sector’s stocks kept the markets lower. Investors were worried that rapid advances in AI tools could reduce demand for outsourcing work which is the backbone of India’s IT business model. Traders overlooked Chief Economic Advisor (CEA) V Anantha Nageswaran’s statement that the new series will improve the quality of data used in formulating monetary and fiscal policies. The new series has captured more goods and services items, and excluded those which are not consumed presently. On the global front, all Asian markets were trading lower ahead to US consumer price index report later in the day that may shed additional light on the US Fed's outlook for rates. 

The BSE Sensex is currently trading at 83022.00, down by 652.92 points or 0.78% after trading in a range of 82771.75 and 83079.70. There were 5 stocks advancing against 25 stocks declining on the index.

The top losing sectoral indices on the BSE were Metal down by 2.41%, Realty down by 2.19%, Utilities down by 1.76%, Basic Materials down by 1.67% and Energy was down by 1.59%, while there were no gaining sectoral indices on the BSE. 

The top gainers on the Sensex were Bajaj Finance up by 0.92%, Maruti Suzuki up by 0.56%, Tech Mahindra up by 0.53%, Trent up by 0.16% and SBI up by 0.09%. On the flip side, Eternal down by 2.84%, Hindustan Unilever down by 2.57%, Reliance Industries down by 1.73%, TCS down by 1.63% and Power Grid down by 1.53% were the top losers.

Meanwhile, as the country march towards achieving the vision of Viksit Bharat, Coal and Mines Minister G Kishan Reddy has emphasized that the country is working to reduce import dependence and achieve mineral self-reliance. The minister pointed out that building resilient supply chains of critical minerals are essential for strategic security of the country with intensifying global competition. He highlighted the expanded scope of the National Mineral Exploration and Development Trust (NMET) and the whole-of-government approach towards strengthening exploration, data integration, data-driven decision making and systematic identification of mineral prospects. 

Further, he has urged industry leaders to enhance research, innovation and coordination, as the government remains fully committed to enabling private participation and strengthening the mineral exploration ecosystem. He also called upon PSUs to actively participate in mineral exploration to advance the vision of Atmanirbbhar Bharat in the mineral sector. Besides, the government has launched second tranche of Exploration Licences (EL).

The minister noted that the second tranche of auctions is building on the strong response and success of the first tranche, further deepening private sector participation under the new exploration regime and promoting technologically advanced exploration practices. The government launched the auction of 11 exploration licence blocks covering rare earth elements, gold, diamond and copper, among others. These blocks are distributed in eight states.

The CNX Nifty is currently trading at 25580.30, down by 226.90 points or 0.88% after trading in a range of 25513.30 and 25630.35. There were 8 stocks advancing against 42 stocks declining on the index.

The top gainers on Nifty were Eicher Motors up by 1.92%, Bajaj Finance up by 0.83%, Apollo Hospital up by 0.52%, Maruti Suzuki up by 0.44% and Tata Motors Passenger up by 0.22%. On the flip side, Hindalco down by 5.18%, ONGC down by 3.04%, Adani Enterprises down by 2.84%, Eternal down by 2.82% and Hindustan Unilever down by 2.61% were the top losers.

All Asian markets were trading lower; Nikkei 225 slipped 674.84 points or 1.18% to 56,965.00, Hang Seng declined 452.54 points or 1.67% to 26,580.00, Straits Times fell 72.18 points or 1.44% to 4,944.58, Shanghai Composite weakened 49.21 points or 1.19% to 4,084.81, Jakarta Composite plunged 46.78 points or 0.57% to 8,218.57 and KOSPI dropped 15.26 points or 0.28% to 5,507.01.
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