Market Analysis from HDFC Securities
by Mr. Nandish Shah – Deputy Vice President, HDFC Securities
🕗 Last Update: 13 February 2026, 8.00 PM
Analysis for 16 February 2026
Nifty Plunged More Than 300 Points Shed on Broad-Based Sell Off
The Nifty index fell for the second straight day, plunging 336 points or 1.3% to close at 25,471. After opening 236 points lower, it remained under pressure throughout the session, dipping to a low of 25,444 and closing near the day’s bottom, which signals clear bearish dominance. NSE cash market volumes were higher by 4% compared to previous day. During the week, Nifty corrected 0.87%.
In a weak market session, Bajaj Finance, Eicher Motors, and SBI Life stood out as Nifty’s top gainers, while Hindalco, Hindustan Unilever, and Eternal bore the brunt of selling pressure as leading losers.
The day belonged to the bears, with all sectoral indices ending in the red, led by sharp declines in metals, reality, and FMCG.
The broader market mirrored the benchmark’s weakness but with heightened intensity. The Nifty Midcap 100 shed 1.71%, while the Nifty Smallcap 100 tumbled 1.79%. Market breadth deteriorated sharply, as BSE’s advance-decline ratio slumped to 0.46, underscoring ongoing profit-booking in midcaps and smallcaps.
Rupee depreciated by 5 paise to close at 90.64. This slide was largely driven by a strengthening Greenback and broader weakness across Asian peer currencies.
Nifty violated its crucial supports of the 20 and 50 day EMAs, confirming a trend shift from bullish to bearish. The next positional support lies at the lower band of the gap formed on February 3, 2026 (25,108), though the 200-day EMA at 25215 may offer interim support.
