Stock Market Outlook Today, Feb 10: Nifty, Sensex Likely to Trade with Positive Bias; Volatility to Persist

Indian equity markets are likely to carry forward their positive momentum into Tuesday's trading session on February 10, 2026, after benchmark indices ended Monday on a strong note, supported by favourable global cues, robust sectoral participation and sustained foreign fund inflows.

Stock Market Outlook, 10 February 2026: Nifty, Sensex Prediction Today

Experts believe the overall bias for the market remains positive, though volatility could stay elevated amid global developments and the final leg of the Q3 earnings season.

On Monday, February 9, Indian equity benchmarks closed firmly higher, with the Nifty 50 settling comfortably above the 25,850 mark. The index opened with gains but pared most of its early upside soon after, before trading in a narrow range for the rest of the session. Despite intraday consolidation, sentiment remained risk-on, aided by encouraging signals from the interim India-US trade framework and renewed buying by foreign institutional investors.

At the close, the Sensex advanced 485.35 points, or 0.58 percent, to end at 84,065.75, while the Nifty gained 173.60 points, or 0.68 percent, to finish at 25,867.30. Broader markets outperformed the benchmarks, reflecting improved risk appetite, with the Nifty Midcap index rising 1.58 percent and the Smallcap index jumping 2.64 percent.

Sectoral performance was broadly positive, with all indices ending in the green. Media, consumer durables, realty, PSU banks, pharma, healthcare and metals posted gains in the range of 1 to 3 percent. PSU banks stood out after strong earnings, while consumer durables and realty stocks saw buying interest on hopes of a revival in demand.

Key Factors To Drive Market Sentiment on 10 February 2026

Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal Financial Services, said markets extended gains for the second consecutive session, supported by positive global cues. "Asian markets rallied on Monday morning, with Japan leading gains after a decisive political victory that pushed its key indices to record levels," he said. Khemka added that investor sentiment was further boosted after details of the interim India-US trade framework were announced, helping lift confidence.

"Overall, we expect the market to continue its gradual upmove, with stock-specific action likely to remain in focus as the third-quarter earnings season approaches its final leg," he said.

Nifty Prediction Today, 10 February 2026

From a technical perspective, analysts remain constructive on the Nifty's near-term outlook. Bajaj Broking noted that the index formed a high wave candle with a higher high and higher low, along with a bullish gap below its base, signalling continuation of positive momentum.

"Bias remains positive and a follow through strength above Monday's high of 25,922 will open further upside towards 26,100 and 26,300 levels in the coming sessions," the brokerage said.

However, Bajaj Broking cautioned that any near-term correction is likely to be healthy and should be used as a buying opportunity. Immediate support for the Nifty is seen in the 25,500-25,400 zone, which coincides with last week's breakout area and the 20-day exponential moving average.

A stronger support lies in the 25,000-25,200 range, aligned with the 52-week EMA and key retracement levels, while volatility may remain elevated due to global cues.

Bank Nifty Outlook Today

The outlook for the banking space also remains upbeat, with Bank Nifty continuing to show strength. According to Bajaj Broking, Bank Nifty formed a high wave candle with a bullish gap, signalling consolidation with a positive bias after a strong opening. The index also registered a fresh all-time high on a closing basis.

"Index is expected to maintain positive bias and head towards 61,200 and 61,800 levels in the coming sessions," the brokerage said. Immediate support is placed at 59,500-59,200 levels, which is the confluence of the 20- and 50-day EMAs. On the downside, a key short-term support zone is seen at 58,500-58,000, aligned with the 100-day EMA and a previous bullish gap.

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