📊 Pre-Market Report: February 13, 2026
The Indian markets are staring at a volatile Friday as a global “AI-led tech rout” continues to spook investors. While the underlying domestic trend remains resilient, the immediate sentiment is being hammered by weakness in US tech giants and their ripple effect on Indian IT heavyweights.
🚀 GIFT Nifty & Global Cues
- GIFT Nifty Position: Trading around 25,710, indicating a gap-down start of nearly 130–150 points for the Nifty 50.
- US Markets: Wall Street saw its worst session of the month overnight. The Nasdaq tumbled over 2%, dragged by fears of AI disruption (the “Anthropic shock”).
- Asian Markets: Largely in the red; Nikkei 225 down ~0.75%, Hang Seng down over 1.6%.
📈 Nifty 50: Support & Resistance
The index has formed a bearish “lower high, lower low” pattern on the daily charts.
- Immediate Support: 25,700 – 25,780 (Key zone including the 50-DMA).
- Major Support: 25,500 (Breakdown below this could trigger panic).
- Immediate Resistance: 25,900 – 25,950.
- Crucial Hurdle: 26,000 (Heavy call writing seen here).
👥 FII & DII Data (Provisional – Feb 12)
Despite the market fall yesterday, institutional activity remained net positive in the cash segment, though derivatives show caution.
- FII Cash: +₹108.42 Cr (Net Buyers)
- DII Cash: +₹276.85 Cr (Net Buyers)
- FII Index Futures: -₹136.90 Cr (Selling)
- FII Index Options: -₹687.00 Cr (Selling)
FII Positioning: Long-short ratio is shifting as FIIs added fresh shorts in index futures to hedge against global volatility.
📝 Option Chain Analysis (Feb Expiry)
- Call OI (Resistance): Maximum Open Interest is at the 26,000 strike, followed by 26,200.
- Put OI (Support): Highest buildup seen at 25,500, which acts as the “line in the sand” for bulls this month.
- Sentiment: The Put-Call Ratio (PCR) is leaning towards the oversold zone, suggesting a potential intraday bounce if supports hold.
🌍 World News & Updates
- Tech Rout: ADRs of Indian IT firms crashed overnight; Infosys ADR fell nearly 10%, and Wipro ADR dropped 4.6%. Expect a bloodbath in the Nifty IT index today.
- Defense Sector Boost: The Defense Acquisition Council (DAC) has cleared capital acquisitions worth ₹3.60 lakh crore, providing a silver lining for defense stocks.
- Gold & Silver: Significant correction; Gold prices fell ~4%, and Silver tanked ~10% globally due to a strengthening Dollar and shifting speculative interest.
🇺🇸 US Economic Events Tonight
All eyes are on the Inflation Data release:
- US Consumer Price Index (CPI): Expected at 8:30 AM ET (7:00 PM IST).
- Expectation: Headline CPI projected at 2.5% (YoY). Any figure higher than this could lead to fears of “higher for longer” interest rates by the Fed.
- Fed Speaker: Dallas Fed President Lorie Logan is scheduled to speak.
💵 Currency Watch
- USD/INR: The Rupee is under pressure due to FII outflows and a stronger Greenback.
- Current Rate: Trading near ₹90.72. A break above ₹90.85 could further weigh on domestic equity sentiment.