As of early February 2026, the Indian stock market continues to demonstrate resilience, with indices like the Nifty 50 and Sensex navigating a mix of domestic growth optimism and international volatility. Despite some global tech sector pressures, the Indian market has been buoyed by strong macroeconomic indicators, building on the momentum from early 2026, with the Nifty maintaining key support levels and aiming for higher, albeit cautious, targets.
Key sectors driving current trends include IT, banking, and pharmaceutical stocks, which have seen selective buying, while PSU banks have shown strength on the back of positive earnings sentiment. Foreign Institutional Investors (FIIs) have shown renewed interest in February, turning net buyers in some sessions, which has provided liquidity and supported the overall upward trajectory.
Investors are closely monitoring corporate results for the third quarter (Q3 FY26), with major companies in pharma and engineering showing potential for growth, supported by robust CAPEX plans. However, market participants are advised to remain cautious of volatility arising from global inflationary concerns and interest rate adjustments.
Key resistance levels for the Nifty are placed around 26,100–26,300, and staying above key support zones is crucial for further upside.