The Indian stock market witnessed sharp intraday losses on Thursday, February 12, due to profit booking. The domestic market is witnessing profit booking across segments despite India's healthy macroeconomic outlook and fresh buying by foreign institutional investors (FIIs). The India-US tarde deal, a balanced Budget 2026, and easing geopolitical tensions have supported market sentiment. Another factor weighing on the market sentiment is a sharp selloff in the IT space amid concerns over AI-led disruption. Vijayakumar underscored that even with occasional profit booking, the market's undertone will remain resilient, mainly because FIIs are turning buyers.

Source: Mint February 12, 2026 09:32 UTC