Indian markets open in red:Sensex slips 350 points, Nifty down 70 points; IT and auto stocks under pressure

Indian stock markets opened in the red on Thursday, 12 February 2026, amid heavy selling in IT, media, and auto stocks. The Sensex is down 350 points, trading at 83,900, while the Nifty has slipped 70 points to 25,900. Among sectors, IT stocks are facing the sharpest sell-off, with the Nifty IT index falling over 3%. The media index is down 1%, while the auto index has declined 0.30%. Global markets show mixed trends FIIs net buyers on February 11 BHEL OFS opens for retail investors The Offer for Sale (OFS) of government-owned Maharatna PSU BHEL opened for retail investors today, February 12. The government is selling a 3% stake, with an additional 2% stake available via the greenshoe option. The floor price has been fixed at ₹254 per share. Initially, this price was at an 8% discount to the market price of around ₹276. However, after the OFS announcement, BHEL shares declined sharply to near ₹260, reducing the effective discount to 2–3%. Market experts believe the reduced discount makes the offer less attractive than initially expected, though long-term investors may still consider participation. Market performance on February 11 On February 11, the market remained largely range-bound. The Sensex closed 40 points lower at 84,234, while the Nifty gained 19 points to end at 25,954. Buying was seen in auto and healthcare stocks, while IT and private banking shares witnessed selling pressure. Market Snapshot | 11 February 2026