Author: Staff Writer

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Corporate

Sensex gains 300+, Nifty climbs past 25,950

Indian equity markets extended their winning streak on Tuesday, February 10, 2026, with BSE Sensex climbing over 300 points to close near 64,700 and the Nifty 50 holding above 25,950. Positive global cues, renewed foreign investor interest, and broad-based buying across sectors supported the rally.

Top gainers included Reliance Industries (RIL), Axis Bank, Tata Motors, Pfizer, and Tata Steel, which saw strong investor demand. Pfizer surged nearly 9% after posting an 11% rise in its Q3FY26 profit, while Tata Motors advanced on robust sales momentum. Consumer stocks like Marico posted modest gains following strategic expansion moves, including its acquisition of a Vietnamese skincare company for ₹262 crore.

On the downside, Ramco Cements, Marico, and some defensive banking stocks experienced minor declines as traders booked profits in selective names. Ramco Cements, despite reporting a 19% jump in net profit, saw its shares dip marginally.

Sectorally, the auto, financials, and consumer segments led the advance, while broader indices like the Nifty Smallcap rose 0.55%, following a strong 2.65% rally in the previous session. Market breadth remained healthy with more advancing stocks than decliners across the NSE and BSE.

Also Read: Sensex rises 485 Points, Nifty crosses 25,850

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1 Minute-Read

Zydus Lifesciences Q3 profit up 2%, revenue up 32%

Zydus Lifesciences reported a consolidated net profit of ₹1,042.1 crore in Q3 FY26, up 1.8% from ₹1,023.5 crore a year ago, though down 17.2% sequentially.

Revenue jumped 32.4% year-on-year to ₹6,780.4 crore, driven by strong performance across key markets. EBITDA rose 31% to ₹1,816.4 crore, with margins improving to 26.5%. Segment-wise, North America formulations grew 16.4%, India formulations 12.9%, international markets 38%, and consumer wellness 113%.

The company emphasized its patient-centric approach, disciplined M&A strategy, and global product quality as foundations for long-term growth. Shares rose 4% to ₹919.70 on BSE post-results.

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1 Minute-Read

Shipping Corp shares zoom 436% on Q3 profit

Shipping Corporation of India (SCI) shares surged over 14 % to ₹253 on the BSE after the Navratna PSU posted stellar Q3 FY26 results. Net profit jumped 436 % year‑on‑year to ₹404.97 crore, while revenue rose 22.5 % to ₹1,611.7 crore.

Profit before tax also increased sharply. The board approved a second interim dividend of ₹3.50 per equity share, with February 17 as the record date.

Market sentiment remains strong as trading stays above key moving averages, reflecting investor confidence in SCI’s performance.

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Corporate

Kalyan Jewellers jumps 10% after strong Q3 results

Shares of Kalyan Jewellers India Ltd surged on Monday, hitting the 10% upper circuit on the BSE after posting a robust third-quarter (Q3 FY26) performance. Investors cheered higher-than-expected profit and revenue, boosting market sentiment around jewellery retail stocks.

The company reported a net profit of ₹417 crore, nearly doubling year-on-year, while consolidated revenue rose 42% to ₹10,343 crore. Operating margins expanded, reflecting efficient cost management and better product mix. Strong festive sales and consistent demand across domestic and international markets drove the performance. Same-store sales growth also contributed to the earnings beat.

Brokerages have largely maintained buy ratings on Kalyan Jewellers after the results. Target prices indicate upside potential of up to 80% from current levels, citing continued demand, store expansions, and margin sustainability. Analysts noted that the company’s focus on premium offerings and operational efficiency is key to future growth.

The broader Indian markets also trended higher, with Sensex and Nifty 50 ending the day in positive territory, reinforcing investor confidence in strong earnings plays.

The combination of robust revenue growth, margin improvement, and a healthy profit surge positions Kalyan Jewellers as a stock attracting short-term and medium-term investor interest.

Also Read: India clarifies $500bn US import figure

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Corporate

SBI Q3 profit hits record, shares rise 7%

Shares of State Bank of India (SBI) surged nearly 7% on Monday, hitting a record high, after the country’s largest public sector lender posted its highest-ever quarterly profit for Q3 of FY26.

SBI reported a net profit of ₹21,277 crore for the October–December period, up 24.5% year-on-year from ₹17,073 crore in the same quarter last year. Analysts attributed the growth to strong net interest income, improved asset quality, and disciplined risk management.

The bank’s net interest income (NII), which reflects core lending performance, rose by 9% to ₹45,323 crore. Non-interest income, which includes fees and trading gains, also contributed positively, amounting to ₹12,000 crore, marking a healthy year-on-year increase.

SBI’s asset quality improved significantly, with gross non-performing assets (GNPA) declining to 3.12% from 3.35% in the previous quarter. Provisions for bad loans also decreased, allowing the bank to post stronger profitability.

On the loan growth front, SBI reported a 13% increase in advances, with broad-based growth across corporate, retail, and small-business segments. The bank’s management raised its loan growth guidance for FY26 to 13–15%, signaling confidence in sustained credit demand.

The strong results led brokerages including Jefferies, Morgan Stanley, and BofA Securities to upgrade SBI’s stock. Price targets were raised, with some suggesting a potential upside of up to 14% from current levels. Most analysts maintained a “Buy” or “Outperform” rating, citing strong earnings momentum and improved fundamentals.

Investors responded positively to the earnings announcement, driving the stock to its all-time high of ₹1,145 per share during the trading session.

Also Read: FPIs return, pump ₹8,100 cr into Indian stocks

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Beyond

India pledges $175 mn economic support for Seychelles

In a significant move reflecting India’s commitment to regional development, Prime Minister Narendra Modi announced a $175 million special economic package for Seychelles, aimed at supporting the island nation’s key development priorities. The announcement came during a joint press briefing with Seychelles President Patrick Herminie in New Delhi, marking a milestone in the two countries’ long-standing diplomatic and economic partnership.

The package is designed to finance projects that will have a tangible impact on the daily lives of Seychellois citizens. Social housing projects will be a major focus, addressing the pressing need for affordable homes, while investments in electric mobility and vocational training aim to create new employment opportunities, particularly for young professionals. Health infrastructure and maritime security initiatives are also included, reflecting India’s holistic approach to development support.

“This package is about more than funds; it’s about empowering communities and strengthening Seychelles’ capacity for sustainable growth,” Modi said. Analysts note that such initiatives often generate long-term economic benefits, as improved housing, transport, and training contribute to workforce productivity and regional stability.

President Herminie, on his first state visit to India, expressed appreciation for the package, highlighting the strong historical ties and strategic partnership between the nations. He noted that India’s support demonstrates trust and a shared vision for economic resilience and regional stability in the Indian Ocean.

For businesses, this package signals a growing scope for Indian companies to participate in development projects in Seychelles, particularly in infrastructure, technology, and renewable energy sectors.

The agreement also includes capacity-building programs, including training Seychellois civil servants in India, and enhanced digital and trade cooperation, facilitating smoother economic and technological integration. Both governments emphasized that the package aligns with priorities identified by Seychelles and will support projects that directly impact citizens’ livelihoods.

Also Read: India clarifies $500bn US import figure

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Technology

Sarvam AI beats global rivals in India tests

India’s artificial intelligence ecosystem has received a major boost as Sarvam AI, a Bengaluru-based startup, has outperformed global AI models such as Google Gemini and OpenAI’s ChatGPT in several benchmarks designed around India-specific use cases. The achievement has attracted international attention and highlighted the growing strength of indigenous AI innovation.

Sarvam AI’s success comes from its focus on challenges unique to India, including multilingual content, diverse scripts, and complex document formats. While many global AI models are designed for broad, international applications, they often struggle with regional languages and locally used documents. Sarvam has addressed this gap by building models specifically trained for Indian conditions.

One of its key products, Sarvam Vision, is an advanced optical character recognition (OCR) system capable of reading and understanding complex documents. These include scanned government records, handwritten text, tables, and pages containing multiple Indian languages in a single layout. In recent benchmark tests, Sarvam Vision scored higher than competing systems from major global players, demonstrating superior accuracy and reliability.

Another major highlight is Bulbul V3, Sarvam’s text-to-speech model. Bulbul V3 has been developed to generate natural-sounding voices in Indian languages and accents. The system currently supports more than 35 voices and is designed to eventually cover all 22 official Indian languages. In listening and performance tests, Bulbul V3 delivered clearer pronunciation and more natural speech than several international alternatives, particularly for Indian language outputs.

Experts say Sarvam’s performance shows the importance of building AI systems that are locally trained rather than globally generic. Its models are seen as especially useful for sectors such as government services, banking, education, healthcare and customer support, where Indian languages and document formats are widely used.

The achievement has also strengthened the idea of “sovereign AI”  technology developed within the country to meet national needs and reduce dependence on foreign platforms.

Also Read: Over a billion Android phones at risk

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Corporate

Adani Energy wins Japanese funding for 6,000 MW link

Adani Energy Solutions Ltd has taken a major step in strengthening India’s clean energy backbone by securing long-term funding from Japanese banks for a 6,000 megawatt green energy transmission corridor. The project will help move renewable electricity from areas where it is generated in large quantities to regions where demand is high, making clean power more accessible and reliable for millions of people.

The corridor will run for nearly 950 kilometres, connecting Bhadla in Rajasthan, one of the country’s biggest solar power hubs, to Fatehpur in Uttar Pradesh. Once completed, it will carry electricity generated from solar and other renewable sources across northern India. The project is expected to be operational by 2029.

The financing has come from a group of well-known Japanese financial institutions, led by MUFG Bank and Sumitomo Mitsui Banking Corporation. Their participation reflects growing global confidence in India’s renewable energy plans and in Adani Energy Solutions’ ability to deliver large infrastructure projects. The funding has been structured as a green loan, meaning it meets international environmental and sustainability standards.

What makes this corridor special is the technology being used. The project will use advanced high-voltage direct current (HVDC) systems, which allow electricity to travel long distances with minimal loss. The equipment will be supplied by Hitachi Energy, while Bharat Heavy Electricals Limited (BHEL) will handle key execution work, supporting India’s push for local manufacturing under the “Make in India” programme.

For Adani Energy Solutions, the project is more than just a transmission line. It is part of a larger effort to build a strong, future-ready power network that can support India’s rapid shift to renewable energy. As more solar and wind power is added to the grid, efficient transmission systems like this corridor become critical.

Experts are of the opinion that the project will help stabilise the power grid, reduce dependence on fossil fuels, and ensure that clean energy generated in remote regions reaches homes, factories, and cities without interruption. It also strengthens economic and strategic ties between India and Japan in the clean energy space.

Also Read: Jeff D’Onofrio steps in as Washington Post Chief

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Leaders

Jeff D’Onofrio steps in as Washington Post Chief

The Washington Post is navigating one of the most difficult phases in its recent history, marked by deep job cuts and a sudden change at the top. Jeff D’Onofrio has been appointed acting publisher and chief executive after Will Lewis stepped down, just days after the newspaper announced mass layoffs that affected more than 300 employees.

Lewis, who took charge in early 2024 after being appointed by owner Jeff Bezos, was brought in to stabilise the Post’s finances at a time when advertising revenues were falling and digital subscriptions were under pressure. He argued that the restructuring was essential to ensure the paper’s long-term survival in a rapidly changing media landscape.

However, the layoffs,  estimated to impact nearly a third of the newsroom, sparked shock, anger, and fear among staff. Several well-known desks and teams were cut or sharply reduced, raising concerns about how the paper would maintain its journalistic depth and global coverage. Tensions escalated further when Lewis did not attend the internal meeting where the layoffs were announced, a move many employees viewed as distancing himself from the human cost of the decision.

In a message to staff announcing his departure, Lewis said it was the “right time to step aside” and defended the cuts as painful but necessary. His resignation was widely seen as a response to mounting internal backlash and public criticism over both the scale of the layoffs and how they were handled.

Stepping into the role on an interim basis, Jeff D’Onofrio, previously the Post’s chief financial officer, now faces the challenge of restoring confidence while keeping the organisation financially stable. D’Onofrio brings a strong business and digital background, with earlier roles at companies such as Google, Yahoo News, and Tumblr. In his first communication to staff, he acknowledged the distress caused by the layoffs and said rebuilding trust would be a priority.

Jeff Bezos thanked Lewis for his service and expressed confidence in D’Onofrio’s leadership. Yet, inside the newsroom, uncertainty remains high. Journalists and staff representatives are urging the management to protect editorial independence and invest in quality reporting, even as financial pressures persist.

The leadership transition showcases the broader struggle of legacy media organisations worldwide, as they try to balance economic survival with the core mission of journalism. For the Washington Post, the coming months under Jeff D’Onofrio’s interim leadership will be critical in shaping what the paper becomes next.

Also Read: India-US interim trade deal cheers stock markets

 

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Beyond

India-US interim trade deal cheers stock markets

Indian stock markets are seeing fresh optimism after India and the United States agreed on an interim trade deal framework, a move that has eased concerns around tariffs and trade barriers. Though not a full free-trade agreement, the interim pact offers near-term clarity for businesses and exporters, lifting overall market sentiment.

Early signals indicate that Sensex and Nifty 50 are likely to trade higher, supported by strong global cues and hopes of improved India-US trade relations. Market experts say the agreement reduces uncertainty for Indian companies that depend heavily on the US market, especially exporters.

According to market analysts and brokerage reports, export-focused sectors are expected to benefit the most. Stocks that have come into focus include:

In pharmaceuticals, companies such as Sun Pharma, Dr Reddy’s Laboratories, Lupin, Aurobindo Pharma and Divi’s Laboratories are seen gaining due to their strong US exposure.

In IT services, firms like Infosys, HCL Tech, Wipro and LTI Mindtree are expected to benefit as US demand remains steady.
The textiles and apparel sector has also drawn attention, with stocks such as Gokaldas Exports, KPR Mill, Welspun Living, Indo Count Industries and Kitex Garments seen as potential gainers.
In manufacturing and engineering, analysts have highlighted Dixon Technologies, Syrma SGS Technology, Bharat Forge, Sona BLW, Samvardhana Motherson, Sansera Engineering and Avalon Technologies.

Some traders are also tracking Torrent Power, Jindal Steel, ITC, Bharti Airtel and Kotak Mahindra Bank for short-term opportunities, as overall sentiment remains positive.

Despite the upbeat mood, experts caution that the trade deal alone may not drive a long-lasting rally.

Also Read: Sensex up 300 points, Nifty near 25,800