9 February 2026 (opening): NIFTY 50 Climbs as Banking & PSU Stocks Shine; Mixed Breadth in Broader Market

Mumbai, 09 February 2026 — Indian equity benchmarks advanced moderately on Monday, with the NIFTY 50 index breaking past the 25,800 mark, led by strong gains in banking and PSU heavyweights. The market’s positive momentum was supported by high trading volumes in key segments, while select defensive and private-sector names witnessed profit-booking.

Also Read: February 6, 2026: Nifty Ends Higher on Friday as FMCG and Banking Stocks Rally; IT Remains Under Pressure

📊 Benchmark Indices Rally on Opening

Starting the week on a bullish note, the NIFTY 50 index opened higher at 25,888.70 and quickly built on early gains to register an intraday high of 25,922.25, before trimming some of the strength to settle at 25,865.45 — up 171.75 points (+0.67%) from the previous close. The broader landscape showed evenly mixed participation, as investors assessed valuations following last week’s movement.

🏦 Banking & PSU Stocks Lead the Charge

The banking segment emerged as the standout performer, with State Bank of India (SBI) leading NIFTY’s gainers list. Heavyweights demonstrated sustained buying interest:

• SBI soared 6.73%, closing at ₹1,138.20, on robust volumes exceeding 220 lakh shares, reflecting strong retail and institutional interest.

• Tata Steel also impressed, up 4.41% to ₹205.75 on the back of heavy trade turnover.

• Hindalco Industries marked solid gains of 2.85%, closing near ₹969.40, riding positive sentiment in the metals complex.

• Grasim Industries rallied 2.47% to reclaim the ₹2,900 level, adding bullish cues for industrial names.

• Shriram Finance edged higher by 2.31%.

The overall positive performance in these segments signaled renewed risk appetite among traders, particularly in cyclical and value-oriented stocks.

📉 Select Names Under Pressure

In contrast to the upbeat trend seen among PSUs and banks, some marquee names faced headwinds, pulling back amid broader profit-taking:

• Max Healthcare slipped 1.80% to ₹1,021.05, reflecting cautious flows in healthcare.

• Nestlé India and ITC registered minor declines of 0.71% each, signaling selective selling in consumer staples.

• ICICI Bank dipped modestly by 0.60%, while Bajaj Finance saw a 0.38% retreat from its recent highs.

These mixed performances underscored sector-specific rotation, even as the broader indices maintained an overall positive tone.

🧠 Market Sentiment and Outlook

Analysts say the market displayed signs of resilience in the face of global uncertainties, with buying interest focused on large-cap financials and cyclicals. The participation of retail buyers, especially in bank and PSU segments, suggested confidence in near-term prospects. However, defensive stocks appeared to attract profit‐booking, indicating investors may be repositioning portfolios in anticipation of macroeconomic cues later this week.

📌 Conclusion: 9 February 2026

The Indian equity market’s performance on Monday reflected selective optimism, with benchmark indices edging higher, led by strong contributions from banking and PSU stocks. While pressure on certain defensive counters hints at profit-taking, the broader trend suggests sustained interest in value-oriented segments. Looking ahead, traders will monitor global markets, macroeconomic data releases, and corporate earnings cues for further direction.