The Indian equity market is expected to rise following a surge in US markets and new Interim Trade Agreement between India and the US – Daily Market Update 9th Feb 2026

Benchmark Nifty index ended on a flat to positive note at 25693.70 spot levels after adding 51 points to its previous closing values.

Broader markets underperformed the benchmark as Mid and Small cap indices ended on a flat to negative note.

Performance on the sectoral front was mix. Amongst them, FMCG index was at the top of the tally, gained over 2% followed by Consumer Durables, Private Banks and Realty index that were down in range 0.5% to 0.96%. On the other hand, IT index was at the bottom of the tally, fell 1.47% followed by Pharma, Auto and PSU Bank index that were down over 0.5% each.

Technically, Nifty index is trading in 25500-25850 spot zone following gap-up opening on Feb 3, 2026. India-US joint statement on trade deal is likely to act as the catalyst to trigger positive breakout above 25850 spot levels. A sustained trading above 25850 spot levels will push it towards 26150-26200 spot levels in immediate near term.

Derivatives Overview & Outlook

Last Friday, Finnifty futures rose on long buildup as it added 4.1% of open interest whereas Midcapnifty futures added 1.8% of open interest as short buildup. On the other hand, Nifty and Banknifty added 2.1% and 2.8% of open interest without any change in the prices.

Performance on the sectoral front was mix. Amongst them, Capital Goods stocks witnessed maximum addition of long positions while some short buildup was seen among Pharma and Technology stocks.

On option front, put writing along with some call unwinding was seen at multiple OTM strikes. Maximum positions are at 27000 CE followed by 26000 CE and 25500 PE followed by 25000 PE.

Institutional Trading Activity

Last week, FIIs bought stocks worth Rs 8174 Cr in the cash segment, bought index futures worth Rs 8959 Cr also bought stocks futures worth Rs 2219 Cr. DIIs were too net buyers in the cash segment to the tune of Rs 3575 Cr during this week.

Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels

Nifty – Resistances 25850-25920; Supports 25600-25500

Banknifty – Resistances 60500-60800; Supports 59750-59500

Finnifty – Resistances 27950-28080; Supports -27700- 27600

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