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Sensex settles 208 pts higher; Nifty ends above 25,900 level

Sensex settles 208 pts higher; Nifty ends above 25,900 level

by | Feb 10, 2026 | Share Market


The key domestic indices ended with modest gains, extending the rally for a third consecutive trading session, supported by positive cues from Asian markets. The Nifty ended above the 25,900 level. Media, auto, and metal shares advanced, while pharma, healthcare, and PSU bank shares declined.

As per provisional closing data, the barometer index, the S&P BSE Sensex, jumped 208.17 points or 0.25% to 84,273.92. The Nifty 50 index rallied 67.85 points or 0.26% to 25,935.15. In the three consecutive trading sessions, Sensex and Nifty jumped 1.15% and 1.14%, respectively.

In the broader market, the BSE 150 MidCap Index climbed 0.21% and the BSE 250 SmallCap Index rose 0.46%.

 

The market breadth was strong. On the BSE, 2,620 shares rose and 1,631 shares fell. A total of 156 shares were unchanged.

The NSE’s India VIX, a gauge of the market’s expectation of volatility over the near term, fell 4.30% to 11.67.

Buzzing Index:

The Nifty Media index surged 2.40% to 1,486.30. The index rose 6.7% in the two consecutive trading sessions.

Sun TV Network (up 7.91%), D B Corp (up 3.56%), PVR Inox (up 3.23%), Network 18 Media & Investments (up 2.58%), Nazara Technologies (up 2.07%), Zee Entertainment Enterprises (up 1.07%), Tips Music (up 0.56%), and Saregama India (up 0.21%) surged.

IPO Update:

Fractal Analytics received bids for 28,61,472 shares as against 1,85,79,360 shares on offer, according to stock exchange data at 15:30 IST on Tuesday (10 February 2026). The issue was subscribed 0.15 times.

The issue opened for bidding on 9 February 2026 and it closed on 11 February 2026. The price band of the IPO is fixed between Rs 857 and 900 per share.

Aye Finance received bids for 71,18,108 shares as against 4,55,32,785 shares on offer, according to stock exchange data at 15:30 IST on Tuesday (10 February 2026). The issue was subscribed 0.12 times.

The issue opened for bidding on 9 February 2026 and it closed on 11 February 2026. The price band of the IPO is fixed between Rs 122 and 129 per share.

Stocks in Spotlight:

BSE surged 6.26% after the exchange reported a 174.0% jump in consolidated net profit to Rs 601.81 crore on a 62.0% increase in net sales to Rs 1,244.10 crore in Q3 FY26 as compared with Q3 FY25.

Bata India rallied 3.86% after the companys consolidated net profit jumped 12.62% to Rs 66.10 crore on a 2.81% rise in revenue from operations to Rs 944.68 crore in Q3 FY26 over Q3 FY25.

Nelcast surged 7% after the company’s consolidated profit after tax stood at Rs 15.9 crore, up 166.1% YoY from Rs 6 crore in Q3 FY25. PAT margin improved sharply to 4.8% from 2.0% in the corresponding quarter last year. Revenue for the quarter rose 11.8% YoY to Rs 332.2 crore, compared with Rs 297.1 crore in the year-ago period.

Texmaco Rail & Engineering slipped 2.55% after the company reported a 44.65% decline in consolidated net profit to Rs 42.27 crore in Q3 FY26, compared to Rs 76.38 crore posted in Q3 FY25.

NRB Bearings jumped 2.95% after the company’s consolidated net profit increased 34.17% to Rs 28.62 crore on a 17.73% rise in net sales to Rs 327.92 crore in Q3 FY26 over Q3 FY25.

Route Mobile fell 1.64%. The companys consolidated net profit jumped 18.45% to Rs 97.70 crore in Q3 FY26, compared with Rs 82.48 crore in Q3 FY25. However, revenue from operations declined 6.48% to Rs 1,107.06 crore in Q3 FY26, compared with Rs 1,183.79 crore in Q3 FY25.

Happiest Minds Technologies shed 0.44%. The company reported a 25.4% fall in consolidated net profit to Rs 40.30 crore despite a 2.4% increase in revenues to Rs 587.56 crore in Q3 FY26 as compared with Q2 FY26.

Shanti Gold International fell 2.13%. The company reported a 127.97% rise in net profit to Rs 40.08 crore in Q3 FY26 from Rs 17.58 crore recorded in Q3 FY25. Revenue from operation for Q3 FY26 stood at Rs. 636.93 crore, as against Rs. 303.22 crore in Q3 FY25, reflecting a 110.06% growth on a year-on-year basis.

Gulf Oil Lubricants India rose 1.28%. The company reported a 21.77% drop in consolidated net profit to Rs 76.13 crore despite a 10.56% increase in revenue from operations to Rs 1,017.55 crore in Q3 FY26 as compared with Q3 FY25.

Global Markets:

European stocks traded mixed on Tuesday, as investors digested a deluge of quarterly earnings from some of the continents largest companies against the backdrop of generally positive global sentiment.

Asian markets ended higher as Japans Nikkei 225 continued its post-election rally and reached new highs.

The Japanese market continues to ride the “Takaichi trade in the wake of Prime Minister Sanae Takaichi’s landslide victory in the Lower House.

Overnight in the U.S., the S&P 500 rose on Monday, boosted by technology stocks, while the Dow Jones Industrial Average reached new heights as investors awaited critical economic data and another batch of earnings reports.

The broad-based index advanced for a second straight day, rising 0.47% and ending at 6,964.82. The blue-chip Dow eked out a 20.20-point gain, or 0.04%, and settled at 50,135.87. The Nasdaq Composite jumped 0.9%, closing at 23,238.67.

Investors will also be watching for the delayed January jobs report from the Bureau of Labor Statistics, which is due out Wednesday. The release was initially scheduled for last Friday but was postponed due to the partial government shutdown. It also comes after ADP reported last week that private payrolls increased by a mere 22,000 in January.

The January consumer price index readingwhich was also delayed by the shutdownis due out Friday, with the consensus looking for a 2.5% annual rate.

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Sensex settles 208 pts higher; Nifty ends above 25,900 level

Wakefit Innovations climbs after Q3 PAT turns positive

by | Feb 10, 2026 | Share Market


Wakefit Innovations rose 7.10% to Rs 199.10 after the company reported a strong operational and financial performance for the quarter ended 31 December 2025.

On a standalone basis, revenue from operations stood at Rs 421.34 crore in Q3 FY26, up 9.4% YoY from Rs 385.18 crore in Q3 FY25.

Profit after tax turned positive at Rs 31.86 crore in Q3 FY26, compared with a loss of Rs 2.41 crore in Q3 FY25. PAT margin improved to 7.6% from -0.6% in Q3 FY25.

Reported EBITDA excluding other income surged to Rs 59.18 crore in Q3 FY26 from Rs 20 crore a year ago, marking a 195.9% YoY increase, with EBITDA margin expanding sharply to 14% from 5.2%. On an Ind AS basis, EBITDA including other income stood at Rs 70.34 crore, up 158.1% YoY, with margin improving to 16.7% from 7.1% in Q3 FY25.

 

Operating EBITDA rose more than five-fold to Rs 41.64 crore in Q3 FY26 from Rs 7.97 crore in Q3 FY25, translating into a 422.7% YoY increase. Operating EBITDA margin improved to 9.9% from 2.1% in the corresponding quarter last year.

During the quarter, the company reported its highest-ever quarterly sales, despite a year-on-year shift in festive demand, as Diwali fell earlier and some purchases were pulled forward into Q2 FY26. Management said GST 2.0 had no impact on Wakefits major product categories, with GST rates remaining unchanged at 18%, though Q3 demand saw marginal pressure due to temporary consumption shifts toward categories benefiting from GST reductions.

To provide a normalised growth perspective, the company said year-on-year sales growth for the September-December 2025 period stood at around 14%. Demand trends in Q4 FY26 indicate a healthy recovery, with the second half of the year typically being stronger for the business.

Gross margin in Q3 FY26 was impacted by seasonal offers and discounts, although it still improved by 230 bps YoY. The company noted that elevated marketing spends by competitors have increased cost intensity in recent quarters, but expects its marketing spends to normalise to 8-9% of sales over the medium term.

From a business mix perspective, mattresses contributed 62.3% of Q3 FY26 sales, furniture 28.7%, and furnishings 9.0%. Own channels accounted for 64.5% of sales, while external channels contributed 35.5%. As of 31 December 2025, Wakefit operated 137 active Company-Owned, Company-Operated (COCO) stores across India.

Wakefit Innovations chairman, CEO and executive director Ankit Garg said that early indicators point to a stronger Q4 FY26, with the company targeting mid- to high-teen revenue growth and further improvement in operating EBITDA margins. He added that post IPO, the company’s balance sheet has strengthened significantly, with investable cash of Rs 889.18 crore as of 31 December 2025.

Executive director Chaitanya Ramalingegowda said the company continued to leverage its own direct-to-consumer channels to drive growth, with the core mattress business growing 11.7% YoY in the September to December 2025 period, while furniture and furnishings grew a faster 35.6% YoY. He highlighted that this diversification is improving customer repeat behaviour and lifetime value, supported by ongoing retail expansion, with 137 active COCO stores at the end of the quarter. He added that Wakefit remains focused on strengthening its omnichannel model, brand-led growth and operational capabilities to capture long-term opportunities in Indias under-penetrated home and furnishings market.

Bengaluru-based Wakefit Innovations is one of Indias largest and fastest-growing D2C home and furnishing solutions companies, with a diversified product portfolio spanning mattresses, furniture and home furnishings, and a growing omnichannel presence.

Shares of Wakefit Innovations made their stock market debut on 15 December 2025. The stock listed at Rs 194.10 on the BSE, a marginal discount of 0.46% to the issue price of Rs 195. The companys initial public offering was subscribed 2.52 times. The IPO opened for bidding on 8 December 2025, and closed on 10 December 2025, with the price band fixed at Rs 185-195 per share.

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Pearl Global, Arvind, Gokaldas, Vardhman down up to 9%; here's why

Pearl Global, Arvind, Gokaldas, Vardhman down up to 9%; here's why

by | Feb 10, 2026 | Share Market



Textile companies stock price today


Shares of textile companies were under pressure, falling up to 9 per cent on the BSE in Tuesday’s intra-day trade in an otherwise firm market on profit booking. The selling on the counter came after the United States (US) and Bangladesh had signed a reciprocal tariff agreement, wherein the US had agreed to reduce tariffs on Bangladesh from 20 per cent to 19 per cent.

 


Among the individual stocks, Pearl Global Industries dipped 9 per cent to ₹1,638.75, followed by Arvind (down 6 per cent at ₹365.3), Gokaldas Exports (6 per cent at ₹792.5), Kitex Garments (5 per cent at ₹204.45), Vardhman Textiles (5 per cent at ₹480.05), KPR Mill (5 per cent at ₹935.1), Welspun Living (5 per cent at ₹137.9), Trident (4 per cent at ₹27.15) and Indo Count Industries (3 per cent at ₹298.9). In comparison, the BSE Sensex was up 0.26 per cent at 84,286, at 1:53 PM.

 
 


Despite today’s decline, in the past month, these stocks have outperformed the market, surging up to 33 per cent, as against a 0.56 per cent rise in the benchmark Sensex.


Why were textile stocks trading weak on Tuesday?


Bangladesh earlier had a tariff of 37 per cent, which was reduced to 20 per cent in August 2025, and it has been reduced further to 19 per cent post the agreement. Also, the US has agreed for Nil tariff on certail textile and apparel products from Bangladesh where US cotton and man-made fibers are used.

 


For instance, if a T-shirt contains 70 per cent American cotton and yarn by value, US customs authorities will exempt that portion from the 19 per cent reciprocal tariff imposed on Bangladeshi goods. The agreement was approved on February 9 and shall come into force once official notifications are issued by both countries, ICICI Securities said in a note.

 


The brokerage doesn’t expect any significant impact from the exemption of tariff certain textile products. It is very important to understand that tariff reduction to zero on certain apparel against the use of US cotton and yarn will provide any margin leverage to Bangladesh textile manufacturers, it added.

 


Further, India and other textile manufacturing countries can also enter into a similar agreement with the US government. For India opening up of large export markets such EU/UK, along with US, will provide a bigger advantage and competitive edge for Indian textile manufacturers, ICICI Securities said.

 


Meanwhile, the management of Pearl Global, in the December 2025 quarter (Q3FY26) results, said that India operations are expected to gain significant momentum following the reduction of U.S. tariffs to 18 per cent. This trade agreement removes the burden of the additional 25 per cent duty, thereby enhancing profitability and supporting sustained top-line growth. 

 


Another positive industry development is the India–EU Free Trade Agreement, which creates a level playing field for Indian exporters. This agreement will accelerate growth in India operations, allowing the company to leverage existing relationships with EU customers, including those currently served from other manufacturing locations. Further, the UK FTA opens new opportunities to expand India’s revenue contribution to the UK market, the management said.

 


Disclaimer: View and outlook shared on the stock belong to the respective brokerages and are not endorsed by Business Standard. Readers discretion is advised.



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Sensex settles 208 pts higher; Nifty ends above 25,900 level

NRB Bearings spurts after Q3 PAT climb 34% YoY to Rs 29 cr

by | Feb 10, 2026 | Share Market


NRB Bearings jumped 4.84% to Rs 293.50 after the company’s consolidated net profit increased 34.17% to Rs 28.62 crore on 17.73% rise in net sales to Rs 327.92 crore in Q3 FY26 over Q3 FY25.

Profit before tax (PBT) stood at Rs 29.32 crore in December 2025 quarter, up 32.66% from Rs 22.10 crore posted in same quarter last year.

During the quarter, total expenses rose 19.73% YoY to Rs 11.71 crore. Cost of material consumed rose 17.71% to Rs 127.87 crore and employee benefits cost increased 10.56% to Rs 53.89 crore in Q3 FY26 over Q3 FY25.

Earnings before interest, tax, depreciation, and amortization (EBITDA) rose 26% year-on-year to Rs 64 crore in Q3 FY26. The EBITDA margin also improved, reaching 19.3% compared to 17.9% in the same period last year.

 

Harshbeena Zaveri, Managing Director said, We are pleased to report a strong consolidated performance for Q3FY26, marking the seventh straight quarter of growth on a corresponding quarter basis. Consolidated Revenue from Operations grew 18% YoY, while Consolidated EBITDA stood at Rs 64 crore, delivering a healthy EBITDA margin of 19.3%. Consolidated Profit After Tax (before exceptional items) increased to Rs 38 crore, registering a YoY growth of 44%. During the quarter, the Company undertook several strategic initiatives aligned with its long-term diversification and growth strategy.

NRB announced a strategic Joint Venture with Italy-based Unitec Group to manufacture industrial cylindrical roller bearings (CRBs) in India, combining NRBs scale and R&D capabilities with Unitecs precision engineering expertise and assured offtake. Additionally, through its wholly owned subsidiary, the Company entered into a Business Transfer Agreement to acquire Mahant Tool Room, marking NRBs formal entry into the aerospace segment, backed by an existing order book and strong technical credentials. In line with these strategic initiatives and to support the increasing share of business across both existing and new product lines, the Company is adding 1725% capacity across various product lines at all its plants.

This expansion is driven by strong growth in current platforms, new product development, and the broadening of our friction solutions portfolio for automotive and industrial applications. These initiatives are a focussed strategy by the Company to diversify into aerospace, industrial, EV and hybrid applications while cementing our leadership in the automotive space. With multiple strategic platforms now in place, strong order visibility, and continued emphasis on technology-led manufacturing, the Company is well positioned to execute its aspirational growth plan of achieving over Rs 2,500 crore in organic revenues over the next five years that could be supplemented through our selective plug and play acquisitions which should further speed up growth.

The Board of Directors has approved an interim dividend of Rs 3.20 per share, citing the companys strong financial performance and robust order book.

The board also approved the appointment of Vineet Goel as chief financial officer, effective February 11, 2026. Goel brings over 25 years of global experience across India and Germany, spanning manufacturing, services, and technology-enabled sectors. He has extensive expertise in cash flow management, working capital optimisation, and profitability enhancement, and has led greenfield projects, mergers and acquisitions, and SAP-led finance transformations. In his new role, Goel will oversee financial management, risk governance, and corporate governance frameworks to support the companys long-term growth strategy.

NRB Bearings is Indias leading manufacturer of needle roller bearings and Cylindrical bearings and a pioneer in broad range high performance bearings and friction solutions for mobility and industrial applications, from design to delivery, manufacturing a wide range of precision-engineered and lightweight path breaking innovative friction solutions to Indian industry and across the globe to over 40 countries.

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Sensex settles 208 pts higher; Nifty ends above 25,900 level

BJP-led Mahayuti sweeps Maharashtra Zilla Parishad polls, wins 552 seats

by | Feb 10, 2026 | Share Market


Last Updated : Feb 10 2026 | 12:05 PM IST

The BJP-led Mahayuti alliance registered a decisive victory in the Maharashtra Zilla Parishad elections, securing 552 of the 731 seats for which results were declared by the State Election Commission on Monday. Within the ruling alliance, the Bharatiya Janata Party emerged as the largest constituent with 225 seats, followed by the Ajit Pawar-led Nationalist Congress Party (NCP) with 165 seats and the Eknath Shinde-led Shiv Sena with 162 seats.

The opposition Maha Vikas Aghadi lagged far behind, with the Congress winning 55 seats, the Uddhav Thackeray-led Shiv Sena (UBT) securing 43 seats, while the Sharad Pawar-led NCP (SP) winning 26 seats. The remaining seats were won by independents and smaller parties.

 

The BJP emerged as the single largest party in several districts, including Sindhudurg, Satara and Latur, while the Ajit Pawar-led NCP dominated the Pune Zilla Parishad.

Counting was conducted for 12 Zilla Parishads, and results for 125 Panchayat Samitis were also declared on the same day.

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First Published: Feb 10 2026 | 12:05 PM IST



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Sensex settles 208 pts higher; Nifty ends above 25,900 level

SEPC consortium receives LoI for smart prepaid metering project in Punjab

by | Feb 10, 2026 | Share Market


Last Updated : Feb 10 2026 | 11:17 AM IST

SEPC has received a Letter of Intent (LOI) from Telecommunications Consultants India (TCIL), a Government of India enterprise, for the implementation of a Smart Prepaid Metering project in Punjab (Central Zone) under the Revamped Distribution Sector Scheme (RDSS).

The project will be executed on a Design, Build, Finance, Own, Operate and Transfer (DBFOOT) basis in consortium with Adya Smart Metering, with a total project value of Rs 313.96 crore. It encompasses the design, deployment, integration, commissioning, and long-term operation and maintenance of advanced metering infrastructure for Punjab State Power Corporation Limited (PSPCL), in accordance with the client’s tender and applicable scheme guidelines. Payments will be made on a back-to-back basis, linked to defined monthly, quarterly, and annual milestones during the post operational Go-Live phase.

 

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First Published: Feb 10 2026 | 11:17 AM IST



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