Gift Nifty down over 100 points: Tracking Nifty’s Opening & Will DII Buying Offset the Tech Drag?
Kiran DSIJCategories: Mkt Commentary, Pre Morning, Trending
As we lace up for a fresh week this February 16, 2026, the air is feeling a bit chilly for the bulls.
As we lace up for a fresh week this February 16, 2026, the air is feeling a bit chilly for the bulls. Following a tough Friday where the Sensex and Nifty both slid over 1.25 per cent, the early signals suggest we aren't out of the woods just yet. With GIFT Nifty trading down over 100 points, brace yourselves for a gap-down start as the market digests heavy profit booking and lingering selling pressure, particularly from the IT sector.
Global cues are providing a mixed bag of energy this morning. While the S&P 500 and Dow Jones managed to scratch out tiny gains thanks to cooling inflation data, the tech-heavy Nasdaq took a hit as AI disruption fears continue to spook investors. Over in Asia, markets are looking relatively quiet and consolidated, hampered by weak economic data out of Japan and holiday-thinned trading volumes. It seems the world is in a "wait-and-see" mode.
On the domestic front, keep a sharp eye on the Healthcare sector today. Stocks like Piramal Pharma, Alkem, Natco, and Zydus are under the microscope following a wave of USFDA approvals and observations. We also have plenty of corporate action to track with TCS, Religare, and Ixigo making moves through fresh acquisitions and strategic developments. Meanwhile, the Banking sector is buzzing about the RBI’s upcoming margin rules, which will demand full collateral backing starting April 1.
Institutional activity shows a bit of a tug-of-war happening behind the scenes. On Friday, FIIs offloaded a significant Rs 7,395 crore, while DIIs tried to cushion the fall by picking up Rs 5,553 crore. Despite the recent selling, FIIs actually remain net buyers for the month of February so far. In the commodities space, gold has eased slightly to USD 5,014/oz as volatility hits leveraged bets, while crude oil remains steady with Brent hovering around USD 67.74. Stay sharp, watch those levels, and remember that Sammaan Capital and SAIL are on the F&O ban list today!
Disclaimer: The article is for informational purposes only and not investment advice.