Weekly Update- 13 Feburary 2026

NIFTY50

Nifty closed the week at 25,471, declining 227 points (-0.87%). The week began on a positive note with momentum led by Bank Nifty and PSU banks, but sentiment weakened thereafter as heavy selling emerged in IT stocks, driven by concerns over potential business model disruptions from evolving AI technologies. The index declined over the next three sessions and ended the week near its lows, reflecting cautious market sentiment. The 200 DEMA near 25,250 remains a crucial support level, while resistance is placed around 25,750.

BANKNIFTY

Bank Nifty closed the week at 60,186, gaining 66 points (+0.11%). The week began on a positive note with strong sectoral outperformance, which helped support Nifty’s upward move. SBI was a key contributor, rising more than 12% during the week and driving momentum in the banking space. The index held its ground through most of the week, though some selling pressure emerged on Friday; however, it still managed to end the week in positive territory. For the coming period, key resistance is placed around 60,500, while support lies near 59,600.

TOP GAINING SECTOR

NIFTY PSUBANK was top gainer sector for the week

Major gainers were:-

SBIN:- up by 12.4%

UNIONBANK:- up by 0.46%

TOP LOSING SECTOR

NIFTY IT was top losing sector for the week

Major losers were:-

INFY:- down by 9.16%

HCLTECH:- down by 8.69%

TCS:- down by 8.48%

WIPRO:- down by 7.21%

IMPORTANT NEWS

• The Reserve Bank of India (RBI) on Friday issued the Commercial Banks – Credit Facilities Amendment Directions, 2026, updating norms for how banks extend credit to stockbrokers and other capital market intermediaries. The amendments, effective April 1, 2026 — follow a draft consultation process last year, including when the central bank released draft Commercial Banks – Capital Market Exposure Directions in October 2025 for public comments.

• The S&P 500 closed barely higher on Friday, supported by cooling inflation data, but the Nasdaq ended lower as heavyweight technology and communications services shares lost ground on nagging fears of disruption by artificial intelligence.

• Indian IT stocks witnessed a massive sell-off for the third straight session on Friday, February 13, following a rout in global technology stocks in the US market. The fall was triggered by lingering concerns over artificial intelligence (AI)-led disruption in the sector.

• GMR Airports Ltd. reported a 14% decline in consolidated profit after tax to Rs 173.96 crore for the December 2025 quarter, impacted by Rs 183.12 crore in one-time expenses. These included costs related to the termination of a pact with Celebi and the new labour laws. Despite this, total income surged to Rs 4,082.77 crore.

• Indian markets experienced a negative week, with Nifty closing lower after failing to sustain early gains. Volatility increased as the index tested crucial support levels. While the medium-term uptrend remains, a corrective phase is evident. Investors are advised a cautious, stock-specific approach, awaiting decisive moves before fresh long positions.