Today’s share market’s key developments include: Dr Reddy’s acquires Progynova brands for $32 million, while Hindustan Unilever approves ₹2,000 crore capacity expansion. Zydus Life secures FDA nod for bosentan. NCC faces NHAI tender ban. L&T Technology Services targets AI patents; FIIs and DIIs remain net buyers.
3:40 PM IST
Meta title: Closing Bell | Sensex crashes 1,236 points | Nifty slips below 25,500
Equity benchmarks witnessed a sharp sell-off, with the Sensex tumbling 1,236 points and the Nifty slipping below 25,500 amid broad-based weakness. Rahul Sharma advised traders to remain selective and consider PSU-focused opportunities during heightened volatility. Tata Investment Corporation and Oil India led the gainers, followed by Godrej Industries and ONGC. On the downside, Shoppers Stop, GE Power India and HPCL declined notably. GE Vernova T&D India and Jindal Saw also ended lower in today’s session.
2:40 PM IST
Meta title: Stock Market LIVE Update | Sensex sinks 1,100+ points | Nifty drops below 25,550
The Sensex plunged more than 1,100 points, dragging the Nifty below the 25,550 mark amid broad-based selling pressure. GE Power India, Shoppers Stop, Future Lifestyle Fashions, Jindal Saw, and Hindustan Petroleum featured among the top laggards. Meanwhile, Maharashtra State Electricity Distribution Company plans to demerge its agriculture business by April ahead of a targeted IPO by December 2026. Separately, Mahindra & Mahindra and Embraer have partnered to establish an MRO facility in India and collaborate on C-390 aircraft production.
1:40 PM IST
Stock Market LIVE Update | Sensex drops over 800 points | Nifty slips under 25,600.
The Sensex plunged more than 800 points, with the Nifty slipping below 25,600 amid broad-based weakness. Godfrey Phillips India has surged 31% over three sessions. Among active counters, ONGC and Tata Investment advanced, while Vodafone Idea, YES Bank, IDFC First Bank, NCC and Tata Steel traded lower. In Asia, South Korean equities hit a record high after the KOSPI rallied over 3%, supported by gains in technology and auto stocks, despite foreign outflows and currency softness.
12:30 PM IST
Stock Market LIVE Update | Sensex plunges 700+ points | Nifty falls below 25,600
The Sensex dropped more than 700 points, pushing the Nifty below 25,600 amid persistent market weakness. As Indian IT stocks slide sharply—some correcting nearly one-third from recent highs—investors question whether India’s $250 billion technology services sector can withstand the accelerating AI shift or risks disruption. Manoj Kumar Jain of Prithvi Finmart notes continued volatility in gold and silver, advising profit booking at higher levels and caution against fresh positions until Chinese markets resume trading.
11:10 AM IST
Stock Market LIVE Update | Sensex slides 350 points | Nifty dips below 25,750
The Sensex declined 350 points, while the Nifty slipped below 25,750 amid broad-based weakness. Tata Investment Corporation surged over 11% following speculation around N Chandrasekaran’s possible third term at Tata Sons. Waaree Energies dipped nearly 2% despite announcing plans for a ₹8,000 crore lithium-ion battery gigafactory in Andhra Pradesh. Realty counters traded lower, with Phoenix Mills, Lodha Developers, DLF, Prestige Estates, Godrej Properties, and Oberoi Realty registering declines during the session.
10:20 AM IST
Stock Market LIVE Update | Sensex drops 200+ points | Nifty slips below 25,800
The Sensex declined by more than 200 points, with the Nifty slipping below 25,800 in early trade. Netweb Technologies surged 8%, extending its three-day rally to 17%, following the launch of its advanced AI infrastructure solutions, including the Make in India Tyrone Camarero GB200 AI Supercomputer and Tyrone Camarero Spark developed with Nvidia. Among early movers, Tata Investment Corporation led gainers, while GE Power India and GE Vernova T&D India figured among the top losers.
9:20 AM IST
Stock Market LIVE Update | Sensex remains flat | Nifty slips below 25,850
Indian equity benchmarks moved sideways with Nifty holding below 25,850. NCC Limited faced selling pressure after the National Highways Authority of India barred the company and its subsidiary from bidding for new tenders for two years from February 17, 2026, compounding concerns after weak quarterly results. Currency and debt markets stayed closed on February 19 due to a holiday. Meanwhile, LGT Group highlighted India’s growing importance to its global business, and nearly 10 steel firms plan IPOs worth up to ₹7,000 crore.
Source: Bajaj Broking Research Desk.
GIFT NIFTY: Gift Nifty suggests a flat opening for the Indian market. Nifty spot in today's session is likely to trade in the range of 25,650-25,950.
INDIA VIX: 12.22 | -0.45 (3.55%) ↓ today
Treasury Yield:
The yield on the 10-year US Treasury note rose to 4.09%.
Currency:
The dollar index strengthened, moving above the 97.5 level.
Commodities:
Brent crude futures surged more than 4%, rising above $70 per barrel, whereas WTI crude was trading near $65.
Spot gold is hovering around $4,966.05 per ounce, while silver is trading near $77.
General Trends:
Asian shares advanced, supported by a rebound in tech stocks and strong economic data that lifted U.S. equities.
Sector-Specific Indicators:
The MSCI Asia Pacific Index advanced for a second day, led by gains in Australia and Japan, while South Korea’s benchmark touched a record high.
This followed a 0.6% rise in the S&P 500 and a 0.8% gain in the Nasdaq 100, with China, Hong Kong and Taiwan markets shut for the Lunar New Year.
Market in the Previous Session:
Indian equity benchmarks extended their gains for a third consecutive session on February 18th, supported by easing geopolitical tensions and lower volatility. Both indices recovered early losses to close firmly in positive territory, with the Nifty ending above the 25,800 mark.
At the close, the Sensex advanced 283.29 points (0.34%) to 83,734.25, while the Nifty rose 93.95 points (0.37%) to 25,819.35.
Broader markets mirrored the momentum, as the Nifty Midcap and Small-cap indices gained 0.5% each.
Sectorally, barring IT, all major indices finished higher. Metal, FMCG, and PSU Bank stocks climbed around 1% each, while Private Banks, Realty, Auto, and Oil & Gas added about 0.5%.
Banking and financial counters remained resilient amid stable asset quality expectations, and selective buying in FMCG names aided outperformance. In contrast, IT stocks underperformed due to concerns over AI-led disruption and margin pressures, which weighed on sentiment.
Nifty Short-Term Outlook:
The index extended yesterday’s bullish momentum with steady buying and closed above its 21-day and 50-day EMAs, indicating improving short-term sentiment and buying on dips.
In the near term, the index is likely to move in the 25,500–26,000 range. As it is currently trading near the middle of this zone, it reflects a balanced demand-supply setup. A clear break on either side could decide the next directional move.
Immediate support is placed at 25,720, followed by 25,650, which may limit downside. On the upside, resistance is seen at 25,840 and 25,950. A sustained move above these levels may lead to further upside, while the overall trend remains range-bound with a slight positive bias and signs of base formation after the recent correction.
Intraday Levels:
Nifty: Intraday resistance is at 25,840, followed by the 25,950 levels. Conversely, downside support is located at 25,720, followed by 25,650.
Bank Nifty: Intraday resistance is positioned at 61,750, followed by 62,000, while downside support is found at 61,150, followed by 60,800.
Nifty:
Fresh put writing activity shifted higher toward the 25,700–25,800 zone, establishing a strong immediate support base.
A decisive breach below this support band may trigger a short-term corrective bias.
Call writers remain active near 26,000, with additional fresh position seen around 25,800.
A sustained move above 25,800 is likely to trigger short covering, opening upside potential toward 26,000.
Intraday declines should be viewed as buying opportunities as long as the index holds above key support levels.
A breakout above resistance may extend the rally toward 26,200 in the near term.
Bank Nifty:
Call writers have unwound positions between 61,000–61,300, while fresh put writing indicates improving sentiment.
The 61,000 level now acts as a strong multi-layer support; a breach below may lead to corrective pressure.
Mild call writing is visible at 61,500–61,700, forming an immediate resistance zone.
Sustaining above this band could trigger momentum toward the 62,000 level.
Overall structure remains positive, and intraday dips should be considered buy-on-decline opportunities while holding above 61,000.
Performance Overview:
US stocks rallied strongly in early Wednesday trade but trimmed gains as the session progressed. Despite the pullback from intraday highs, the major indices closed solidly in positive territory.
Sector-specific indicator:
Extending Tuesday’s modest gains, the Nasdaq rose 175.25 points (0.8%) to 22,753.63, the S&P 500 gained 38.09 points (0.6%) to 6,881.31, and the Dow added 129.47 points (0.3%) to 49,662.66.
Economic indicator:
Positive sentiment was also supported by upbeat U.S. economic data, with a Federal Reserve report showing industrial production rose more than expected in January.
However, stocks retreated from their highs after the release of the Fed’s latest meeting minutes, which showed policymakers remain divided on the interest rate outlook.
Thursday’s trading could be influenced by market reaction to a batch of U.S. economic data, including weekly jobless claims, the trade deficit, and pending home sales.
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