Sensex Rises Over 400 Points in Early Trade on Feb 9; SBI and Tata Steel Among Top Gainers

Indian equity benchmark index BSE Sensex opened Monday’s session on a positive note, tracking firm global cues and continued buying interest in select heavyweight stocks. At 9:29 AM on February 9, the Sensex was trading at 83,983.22, up 402.82 points or 0.48%.

The index opened at 84,177.51 and touched an early high of 84,314.68 before witnessing mild profit booking. The day’s low so far stands at 83,920.35, compared with the previous close of 83,580.40.

Top Gainers in Early Trade

Banking and metal stocks led the gains in early trade, supporting market sentiment.

State Bank of India (SBIN) emerged as the top gainer, rising 6.16% following strong quarterly earnings. Titan gained 1.81%. Kotak Mahindra Bank rose 1.37%, while Tata Steel advanced 1.27% amid improved outlook for metal stocks.

Other stocks contributing to gains included Eternal, up 1.27%, and Reliance Industries, which gained 0.77%, lending support to the benchmark index.

Stocks Under Pressure

Despite the positive opening, some heavyweight stocks traded in the red, capping sharper market gains.

ICICI Bank slipped 0.30%, while Axis Bank declined 0.33%. FMCG major ITC fell 0.57%, and Hindustan Unilever dropped 0.64% amid mild selling pressure in defensive stocks.

Bajaj Finance lost 0.73%, while Power Grid Corporation saw the sharpest decline among index stocks, slipping 1.28%.

Sectoral Indices Trade Higher

BSE sectoral indices traded in positive territory, with BSE BANKEX rising 551.51 points or 0.82% to 68,102.54, reflecting strength in banking stocks, while the BSE SENSEX 50 index gained 118.93 points or 0.44% to trade at 26,955.47, indicating broader market support in early trade.

Also Read: Best 10 Blue Chip Stocks for February 2026!

Conclusion

The Sensex’s positive start indicates continued buying interest in banking and metal stocks, although selective profit booking in defensives may keep markets range-bound in the near term.

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