Hindalco Falls as Novelis Pressure & Exceptional Loss Weigh on Q3 & More – Paper by Pocketful
Market Recap: 13th February, 2026
🗞 Stock News Highlights
Hindalco Industries (-5.74%): Stock declined after Q3FY26 results; profit fell 45.1% YoY to ₹2,049 crore despite 13.9% revenue growth, while a sharp rise in exceptional loss to ₹2,610 crore weighed on sentiment.
Coal India (-2.43%): Stock declined amid broader market fall despite Q3FY26 results; profit dropped 15.6% YoY to ₹7,166 crore and revenue fell 5.2% to ₹34,924.2 crore.
J Kumar Infraprojects (-0.91%): Stock fell despite ₹615.53 crore NBCC (India) order for Netaji Nagar GPRA redevelopment; negative sentiment weighed on price action.
IRCTC (-0.73%): Stock dipped despite strong financials; Q3FY26 profit and revenue rose 15.6% and 18.4% YoY, respectively.
🏢 Sectoral Performance
Metals | Nifty Metal (-3.31%): The index declined, snapping a five-day rally, as profit booking emerged despite positive global cues from potential US tariff rollback on steel and aluminium; pressure in Hindalco due to Novelis concerns weighed on sentiment, with broad-based selling across the pack.
Realty | Nifty Realty (-2.23%): The index declined sharply amid broad-based selling, with pressure on rate-sensitive stocks and concerns over urban housing demand; major losses were led by DLF, Prestige Estates and Phoenix Mills.
Energy | Nifty Energy (-2.04%): The index declined amid broad-based selling in oil & gas stocks, with weak sentiment weighing on the sector; the index saw 3 gainers and 37 losers, reflecting widespread pressure.
FMCG | Nifty FMCG (-1.90%): The index declined amid selling pressure in heavyweight stocks, with HUL, ITC and Nestle among the top laggards, weighing on overall sector sentiment.
🔍 Market Insights
Technical Level: Nifty opened with a big gap down of around 125 points, then traded in a range during the first half; selling pressure intensified in the second half, forming resistance at 25,625 and closing near support at 25,445.
Advance-Decline Ratio: Market breadth remained negative, with 762 advances against 2,387 declines, indicating selling pressure across the broader market.
The Big Picture: Reliance Industries has secured a U.S. license to directly import Venezuelan oil, following easing of sanctions. The move allows cheaper crude sourcing and diversification away from Russian supplies. It also aligns with India-U.S. trade dynamics and could improve refining margins at its Jamnagar complex.
FII/DII Activity (Feb 12, 2026): Net buying of ₹108 crore by FIIs and ₹276 crore by DIIs reflected mixed institutional participation in session.
🔮 Watch Out For Tomorrow
Earnings Corner: VIP Industries & ABB India are set to announce their Q3 results tomorrow.
Macro: Japan GDP Growth Rate QoQ Prel (Q4) & UK Unemployment Rate (Dec) are scheduled to be released next week.
Index Watch: Nifty opened with a gap down and remained under pressure throughout the session, witnessing broad-based selling across sectors. The index extended its decline for another session, trading in a range initially before slipping in the latter half. It formed immediate support near 25,445 and resistance around 25,625. Traders will closely watch whether the index sees a short-term bounce or continues its corrective trend in the coming sessions.
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Theme: Options Trading (Risk-First, Probability-Driven)
Day 5 – Friday: Psychology, Consistency & Survival
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📝 Word Of The Day
Survivorship Bias : Survivorship bias occurs when analysis focuses only on successful outcomes, ignoring failures, leading investors to overestimate skill, underestimate risk, and draw misleading conclusions from incomplete market evidence and history repeats.
👀 Stay tuned. Stay diversified.
Until next time,
Team Pocketful.