HomeMarket NewsTrade Setup for February 13: Nifty fails to cross key hurdles but analysts see correction to be short-lived
The broader mood favoured the bears, with most sectoral indices closing in the red. The Nifty IT index was the biggest drag, tumbling 5.5% to a ten-month low.
By Meghna Sen February 12, 2026, 8: 21: 51 PM IST (Published)
3 Min Read
The bulls took a breather on Thursday as the Nifty 50 snapped its four-session winning streak, declining 146 points to close at 25,807.
After a gradual upmove over the past few sessions, the index slipped into weakness. Following a soft opening, the market extended losses through most of the day.
Brief intraday bounces failed to sustain momentum, keeping the tone subdued.
The index largely traded in a narrow 25,750-25,850 range, resulting in a lacklustre session.
Bajaj Finance, Shriram Finance and Eicher Motors were among the top gainers on the Nifty. On the other hand, IT heavyweights Tech Mahindra, Infosys and TCS faced sharp selling pressure and ended as major losers.
The broader mood favoured the bears, with most sectoral indices closing in the red. The Nifty IT index was the biggest drag, tumbling 5.5% to a ten-month low.
The decline mirrored a global sell-off in software stocks amid rising concerns that AI startups are beginning to disrupt the business models of established techno