Stock Market Live Updates | Gift Nifty Signals Positive Market Opening
By Bajaj Broking Team
February 23, 2026
3 mins read
Market News
Summary:
Today’s share market’s key developments include: IDFC First Bank flagged a ₹590 crore fraud; UPL unveiled a restructuring plan; NTPC Green commissioned 158 MW at Kadapa; Allcargo volumes rose 8% YoY; Highway Infra secured a ₹154.59 crore NHAI contract; FIIs sold ₹934.61 crore while DIIs purchased ₹2,637.15 crore.
12:30 AM IST
Stock Market LIVE Update | 12:30 PM IST | 23 Feb 2025 | Sensex gains 300 points | Nifty trades above 25,650
The Sensex advanced 300 points while the Nifty moved above 25,650. PPFAS GIFT launched two passive outbound fund-of-funds tracking the S&P 500 and Nasdaq 100, enabling Indian investors to access U.S. equities via GIFT City. HAL shares fell nearly 4% after a Tejas jet crashed during a training sortie, prompting fleet inspections. Gold rose to a three-week high amid U.S. tariff uncertainty, while silver strengthened; platinum edged higher and palladium declined slightly.
11:20 AM IST
Stock Market LIVE Update | Sensex rises 300 points | Nifty crosses 25,650
Sensex advanced over 300 points while Nifty moved past 25,650 in a firm session. UPL shares plunged more than 13% following its restructuring plan to consolidate global crop protection businesses into UPL Global, alongside Nuvama’s downgrade to ‘Hold’, citing leverage and dilution concerns. Bitcoin slipped 5%, trading below $65,000 after former US President Donald Trump proposed a 15% tariff. Among key movers, IDFC First Bank declined sharply, while select PSU banks posted moderate gains.
10:20 AM IST
Stock Market LIVE Update | 10:20 AM IST | 23 Feb 2025 | Sensex rises over 300 points | Nifty trades above 25,650
Sensex advanced over 300 points while Nifty moved above 25,650 in early trade. Indian government bonds traded in a tight range amid geopolitical concerns and heavy domestic supply. The 6.48% 2035 bond yield stood at 6.7143%. Gaudium IVF’s $18 million IPO was fully subscribed on Day 2, led by retail investors. SEBI Chairperson Tuhin Kanta Pandey indicated a comprehensive PMS regulatory review by June. IDFC First Bank and UPL featured among early session laggards.
9:20 AM IST
Stock Market LIVE Update | Sensex rises 300+ points | Nifty tops 25,650
Equity benchmarks advanced with the Sensex rising over 300 points and the Nifty moving above 25,650. IDFC First Bank declined 10% in early trade following disclosure of a ₹590 crore fraud, with the stock at ₹75.16. The lender indicated possible involvement of employees and external parties, calling it an isolated case at its Chandigarh branch linked to Haryana government accounts. The rupee opened at 90.76 per dollar against 90.94 previously. Morepen Laboratories secured an ₹825 crore CDMO contract.
Source: Bajaj Broking Research Desk.
GIFT NIFTY: Gift Nifty suggests a positive opening for the Indian market. Nifty spot in today's session is likely to trade in the range of 25,200 - 25,750.
INDIA VIX: 14.36 | +0.90 (6.71%) ↑ today
In-Depth Market Insights: Global Outlook, Derivatives & More
Other Asset Classes
Treasury Yield:
The yield on the benchmark U.S. 10-year Treasury rose 1.5 basis points to 4.09%.
Currency:
The dollar index was trading near 97.4 level.
Commodities:
U.S. crude trades near 65.7 $ whereas Brent crude trades near 70.6 $.
Gold jumped 1% to above $5,160 , reaching its highest point in over three weeks whereas Silver advanced 2% to trade above $86 per ounce.
Asian Markets
General Trends:
Asia-Pacific markets advanced on Monday amid ongoing tariff uncertainty after U.S. President Donald Trump announced over the weekend that he would raise global tariffs from 10% to 15%.
Sector-Specific Indicators:
South Korea's Kospi rose for a third straight session, jumping 1.7% to a fresh record high. Index heavyweights SK Hynix and Samsung Electronics rose over 3% and 2%, respectively.
The small-cap Kosdaq added 0.74%.
Australia's S&P/ASX 200 added 0.17% in early trade
Markets in China and Japan were closed for a holiday.
India Market Outlook
Market in the Previous Session:
Markets staged a strong rebound on February 20th ,recovering a portion of the previous session’s losses, with the Nifty closing above 25,550 on the back of broad-based buying, except in IT stocks.
After a cautious start amid concerns over US–Iran tensions, firm crude prices, and weakness in IT, the indices picked up momentum in early trade.
Buying gradually strengthened through the session, pushing the Nifty to an intraday high of 25,663.55, before mild profit booking in the final hour capped the gains.
By the close, the Sensex advanced 316.57 points (0.38%) to 82,814.71, while the Nifty gained 116.90 points (0.46%) to settle at 25,571.25.
Broader markets delivered a mixed performance, with the Nifty Midcap index rising 0.5%, whereas the Smallcap index ended marginally in the red.
Barring IT (down 1%) and Media, all sectoral indices closed in the green, led by Power, Metal, Capital Goods, and PSU Bank stocks, which advanced around 1–2%.
TRADE SETUP FOR FEB 23
Nifty Short-Term Outlook:
The index formed a decent bullish candle with an upper shadow on the daily chart, indicating a bounce from lower levels while also highlighting supply at higher zones.
It is currently trading below its 21, 50, and 100-day EMAs, with the next strong and reliable support placed near the long-term 200-day EMA around 25,250.
In the near term, the index is expected to consolidate within a broad range of 25,000–26,000, maintaining a sideways bias.
Volatility remains elevated, with India VIX witnessing a spike amid lingering geopolitical concerns and tariff concerns after US supreme court ruling against trump.
On the downside, immediate support is seen at 25,350, followed by 25,200, which aligns closely with the 200-day EMA and could act as a key cushion.
On the upside, resistance is placed at 25,640 and 25,750, where any pullback towards higher levels is likely to face selling pressure.
Intraday Levels:
Nifty: Intraday resistance is at 25,640, followed by the 25,750 levels. Conversely, downside support is located at 25,350, followed by 25,200.
Bank Nifty: Intraday resistance is positioned at 61,500, followed by 61,750, while downside support is found at 60,800, followed by 60,500.
Derivative Market Analysis
Nifty:
Put writing participation is observed at 25,500 – 25,600 strike, making it an immediate and crucial support zone for Nifty.
Call writers have trimmed positions across the strike till 26,000 strike, indicating reduction in upside resistance.
Unwinding in calls suggests room for upside expansion, though writers remain cautious at higher levels.
Overall sentiment stays positively biased as long as Nifty holds above 25,500.
A decisive move above 25,800 can trigger short covering and push the index towards the 26,000 level.
Bank Nifty:
Call unwinding at 61,000 strike along with fresh put writing indicates strong support formation near this zone.
Call writers have reduced positions at 61,500–62,000 strikes, suggesting caution for upside resistance.
The immediate hurdle is placed around 61,200; a sustained move above this level can lead to an upside extension towards 61,500 and 62,000.
Overall structure remains positively biased while Bank Nifty holds above 61,000, indicating buy-on-dip sentiment.
A decisive break below 61,000 would negate the bullish setup and may trigger profit booking.
US Share Market News
Performance Overview:
Wall Street indices closed higher after the Supreme Court ruled against Trump-era tariffs.
The three major U.S. stock indices ended a volatile Friday session in positive territory after the U.S. Supreme Court ruled against President Donald Trump’s tariffs, with the consumer discretionary sector emerging as one of the top gainers.
Sector-specific indicator:
The Nasdaq rose 203.34 points (0.9%) to 22,886.07, the S&P 500 gained 47.62 points (0.7%) to 6,909.51, and the Dow added 230.81 points (0.5%) to 49,625.97.
For the holiday-shortened week, the Nasdaq shot up by 1.5 percent, the S&P 500 jumped by 1.1 percent and the Dow increased by 0.3 percent.
Economic indicator:
The court voted 6–3 to block Trump’s global tariffs imposed under an emergency law, after which he announced plans to levy a 10% global tariff for 150 days under Section 122 of the Trade Act.
But US President Donald Trump raised a global levy from 10% to 15% following the US Supreme Court’s rejection of his “reciprocal” tariffs.
Investors also assessed fresh data showing U.S. economic growth slowed more than expected in the fourth quarter, while core PCE inflation rose 0.4%, up from 0.2% in November and above the 0.3% estimate.
After a data-heavy week, the upcoming U.S. economic calendar is relatively light, with consumer confidence and producer price reports likely to draw focus.
Stay on top of the latest market news with Bajaj Broking’s insights. Our point-to-point analysis digs deep into the surface, empowering you with a unique perspective on domestic and global stock market events. Get all the current share market news, including US share market updates and the trade set up for today, in one place to make informed investment decisions.
Published Date :
23 Feb 2026
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Content Partner - Dalal Street Investment Journal Wealth Advisory Private Limited
This article is for educational purposes only and should not be considered investment advice. Market investments are subject to risks. DSIJ Wealth Advisory Private Limited is a SEBI-registered Research Analyst (Reg. No: INH000006396) and Investment Adviser (Reg. No: INA000001142). Please consult your financial adviser before investing.
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