Morning Market News: Tech Tremors on Wall Street, Can India Hold the Line?
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Morning Market News: Wall Street Tech Selloff Hits India - Friday, Feb 13, 2026 recap: US markets tumbled with Dow down 1.34% at 49,452, S&P 500 -1.57% to 6,833, Nasdaq 100 -2.04% to 24,688. AI fears & Fed rate cut delays triggered tech rout; Cisco, software names dragged lower. After-hours earnings mixed with semis rebounding.
Indian ADRs Signal IT Weakness: Infosys ADR crashed 9.75% to $14.21, HDFC Bank -1.05% to $32.86, ICICI Bank +0.45% to $31.26, Reliance GDR -0.31% to $64.60. Global investors turn selective—IT vulnerable, banks resilient.
Asia Mixed, Gift Nifty Down 0.5%: Nikkei +0.29% at 57,129, Hang Seng -0.29% at 26,611, Shanghai +0.06% at 4,741. Gift Nifty futures at 25,721 signal gap-down open for Nifty 50 (~130 pts lower). Cautious Asia ahead of US CPI data.
Commodities Bounce: Gold +1.06% to $4,973/oz, Silver +1.91% to $76.66/oz after recent volatility. WTI Crude stable +0.13% at $62.98/bbl—manageable for oil-importing India.
India Setup: RBI Steady, SEBI F&O Squeeze: RBI holds repo at 5.25%, Jan CPI at 2.75% (new base). SEBI's tighter F&O rules curb expiry-day frenzy, favor positional trades. FIIs recent net buyers; watch Nifty support 25,700 & Bank Nifty 60,500.
Trading Plan: Soft open expected—respect supports (Nifty 25,700/25,300; Bank Nifty 60,500), size positions small amid volatility. Buy quality banks on dips; avoid chasing tech. US CPI tonight key risk.
#IndianStockMarket #Nifty50 #MorningMarketUpdate #ShareMarketNews