💹 The Week That Was (Feb 9–13, 2026)
(When the Bulls Danced… and Then IT Pulled the Plug 😅📉)
If markets had moods, this week would have been:
Monday–Tuesday: “We’re back, baby!” 😎
Friday: “Who turned off the lights?” 😳
Dalal Street started the week flexing. By Friday, it was doing damage control.
🟢 Early Week: Trade Hopes & Banking Boost
Monday and Tuesday were classic “risk-on” sessions.
Optimism around an India–US trade framework plus strong banking earnings lit the fuse 🔥.
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The BSE Sensex climbed back above 84,000.
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The Nifty 50 reclaimed key levels.
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PSU banks and metals strutted around like they owned the place.
Midcaps joined the party too. It was almost as if the market had decided:
“Last week’s sell-off? Never heard of it.” 😌
🔴 Mid-Week Mood Shift: Enter IT Anxiety
Then came the tech tremors.
The IT sector started wobbling — and when IT wobbles in India, indices don’t just wobble… they notice loudly.
The Nifty IT index slid sharply as AI disruption fears resurfaced.
Big names felt the heat:
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Tata Consultancy Services
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Infosys
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HCL Technologies
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Wipro
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Tech Mahindra
Investors suddenly remembered that AI isn’t just a buzzword — it’s disruption with a capital “D.” 🤖⚡
And markets do not like uncertainty.
📉 Friday the 13th (Yes, Really…)
By Friday (Feb 13), the mood had fully flipped.
The Sensex fell over 1,000 points.
The Nifty slipped below 25,500.
That’s not “minor volatility.”
That’s “everyone head for the exit — but in an orderly fashion please.” 🚪📉
Metals gave up early gains.
Consumer names slipped.
Cyclicals lost steam.
Even defensives didn’t escape entirely.
Heavyweights like:
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Hindustan Unilever
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Nestle India
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Kotak Mahindra Bank
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Adani Ports & SEZ
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Tata Steel
felt the pressure.
Market breadth? Weak.
Volatility? Spiking.
Confidence? Slightly bruised.
🌍 Global Backdrop: AI Nerves & Mixed Signals
Globally, it wasn’t exactly calm either.
The Dow Jones Industrial Average and S&P 500 had mixed sessions. Some global gauges hit records early in the week — but tech volatility in the U.S. and Europe added nerves.
AI-related disruption stories rattled U.S. software and real estate counters.
Meanwhile, gold prices climbed — a polite way of saying:
“Some investors are quietly moving to safety.” 🏅
The result?
A global mood that shifted from “growth excitement” to “let’s not get carried away.”
And India followed suit.
🎯 Key Themes of the Week
1️⃣ Early Rally, Narrow Leadership
Banks and metals powered gains — but it wasn’t broad-based enough to sustain momentum.
2️⃣ IT as the Index Anchor (Not in a Good Way)
When IT sells off sharply, benchmarks struggle. This week proved it again.
3️⃣ Volatility Returns
India VIX rose. Traders got cautious. Position sizes shrank. Conviction thinned.
4️⃣ Sectoral Divergence
Financials started strong.
Defensives tried to cushion.
Tech dragged.
Cyclicals gave back gains.
🧭 The Takeaway
This was a week of two halves:
📈 Hope and momentum early on
📉 Reality check by Friday
The market showed once again that rallies built on selective strength can fade quickly when heavyweight sectors (like IT) crack.
For investors, the message is clear:
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Watch global tech sentiment closely.
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Monitor AI-driven narrative shifts.
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Pay attention to breadth, not just index levels.
Because Dalal Street this week reminded us:
The bulls may start the music…
But if IT pulls the plug, the dance floor empties fast. 😅📊
⚠️ Disclaimer: This Blog is for general guidance only and does not replace personalised financial advice.
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