SENSEX below 83,000, NIFTY50 tanks 1% in noon deals; Muthoot Finance, Hindalco among buzzing stocks

The Indian benchmark indices, SENSEX and NIFTY50, continued trading in deep red during the afternoon session on Friday, February 13, amid weak global cues and a sell-off in IT and realty stocks.

The SENSEX fell as much as 903.17 to an intraday low of 82,771.75. Meanwhile, the NIFTY50 touched the session’s low of 25,513.30.

At 12:34 PM, the S&P BSE SENSEX fell by 704.63 points, or 0.84%, to 82,970.29, while NSE’s NIFTY50 was trading at 25,582.80, marking a 224.40 points, or 0.87% decline.

On Thursday, the foreign institutional investors (FIIs) purchased stocks worth ₹108.42 crore, while the domestic institutional investors (DIIs) bought equities worth ₹276.85 crore on a net basis, according to exchange data.

Shares of Hindalco Industries, which fell 5.13%, contributed to the decline of the NIFTY50 index. It was followed by Oil & Natural Gas Corporation (-3.02%), Eternal (-2.79%), Adani Enterprises (-2.69%) and Hindustan Unilever (-2.58%), which were among the top losers.

On the flipside, the top gainers included Eicher Motors (2.04%), Bajaj Finance (0.96%), Tech Mahindra (0.53%), Maruti Suzuki India (0.44%) and Tata Motors PV (0.40%). Only nine out of 50 stocks were trading with gains on the NIFTY50 index, while the rest were among the losers of the day.

Buzzing stocks on February 13: Check list

IT stocks, such as Infosys (-5.5%), TCS (-4.5%), LTIMindtree (-3%), HCL Technologies (-4%), Tech Mahindra (-2.55%) and Wipro (-%), among others, are seeing intense selling pressure owing to fears that new AI startups could disrupt traditional outsourcing models, erode pricing power, and displace legacy service providers.

The NIFTY IT index on Friday tumbled as much as 5.24% to hit the day's low of 31,422.60 levels on the NSE in the early trade.

Metal stocks, including Hindustan Zinc and Hindustan Copper, among others, were trading in the red on February 13, as metal prices fell sharply on Thursday.

In the international market, spot gold declined more than 3% in the previous session to a near one-week low below the key $5,000 level. Spot silver saw around an 11% drop on Wednesday amid a stronger dollar.

Metal prices fell as strong US jobs data weighed on investor sentiment. Strong employment figures suggest that the Fed rate cut is not on the cards anytime soon.

Shares of Honasa Consumer, the parent company of skincare firm Mamaearth, rallied as much as 6.59% to hit an intraday high of ₹319 apiece, after posting its results for Q3FY26.

The company reported a 92.9% YoY jump in its consolidated net profit to ₹50.2 crore for the reporting period, compared to ₹26.02 crore in the year-ago period, it said in a regulatory filing on Thursday.

Its revenue from operations surged 16.23% YoY to ₹601.54 crore in the December quarter of FY26, as against ₹517.51 crore in the third quarter of FY25.

The stock of Engineers India gained as much as 15.93% to an intraday high of ₹209.71 apiece on the National Stock Exchange (NSE) on Friday, as it posted a 219.3% YoY increase in its consolidated net profit to ₹347.17 crore for the third quarter of FY26.

It had posted a profit of ₹108.73 crore in the same period of the previous year, according to a regulatory filing on Thursday.

Its revenue from operations rose 58.29% YoY to ₹1,210.24 crore for the reporting quarter, as against ₹764.59 crore in the December quarter of FY25.

Shares of Muthoot Finance plunged as much as 12.64% to the session’s low of ₹3,552.70 per unit on the NSE, despite reporting record numbers in Q3 earnings performance on Thursday.

Its profit increased by 94.9% YoY to ₹2,656 crore in Q3FY26, compared to ₹1,363 crore in the same period last year.

Its AUM crossed ₹1.64 lakh crore, up by 48% YoY, while the standalone AUM rose by 51% YoY to ₹1.47 lakh crore.

Hindalco Industries stock declined as much as 6.57% to the day’s low of ₹901 per equity share, after its consolidated net profit fell 45% YoY to ₹2,049 crore in the December FY26 quarter.

It had clocked a profit of ₹3,735 crore in the year-ago period, the company said in a regulatory filing on February 12.