Stock Market Live Updates | Gift Nifty Signals Weak Start; Expiry Volatile
By Bajaj Broking Team
February 24, 2026
3 mins read
Market News
Summary:
Today’s share market’s key developments include: MSBPL receives BSE approval for stock broking, Chalet Hotels plans a ₹633 crore Hyderabad property, FSSAI selects Silver Touch for a long-term technology mandate, Waaree Energies secures a 500 MW order, while FIIs remain net purchasers and DIIs net sellers.
2:30 PM IST
Stock Market LIVE Update | Sensex slumps over 1,000 points | Nifty slips below 25,450
Indian equities witnessed sharp selling pressure as the Sensex plunged over 1,000 points and the Nifty dropped below 25,450. Banking and PSU counters such as Bank of Maharashtra and Central Bank of India saw gains, while Infosys and YES Bank traded lower. Globally, gold declined more than 1% to $5,172.11 per ounce as the dollar strengthened and investors booked profits. Silver, platinum and palladium also eased. UBS projects gold could climb towards $6,200 per ounce in coming months.
1:30 PM IST
Stock Market LIVE Update | Sensex plunges 1,300+ points | Nifty slips below 25,400
Benchmark indices witnessed heavy selling pressure, with the Sensex tumbling over 1,300 points and the Nifty falling beneath 25,400. Aki India declined 16.07% to ₹5.12, while EFC (I) dropped 8.11% to ₹243.35. Persistent Systems fell 7.71% to ₹4,594. HCL Technologies and L&T Technology Services also lost over 7%. Meanwhile, Indoco Remedies received final US FDA ANDA approval for Brivaracetam, and Caplin Steriles secured approval for Sodium Phosphates Injection.
12:40 PM IST
Stock Market LIVE Update | Sensex slumps over 1,000 points | Nifty slips below 25,450
Benchmark indices declined sharply, with the Sensex falling more than 1,000 points and the Nifty dropping below 25,450 amid broad-based weakness. IBM shares plunged 13%, marking their steepest fall in 25 years, after Anthropic claimed its AI tool could modernise COBOL systems used by IBM. Textile stocks such as Gokaldas Exports, Pearl Global and Trident slid up to 6% after RoDTEP benefits were halved. Realty counters including Prestige Estates and Godrej Properties also traded lower.
11:40 AM IST
Stock Market LIVE Update | Sensex sinks 700+ points | Nifty slips below 25,550
Sensex dropped over 700 points with Nifty slipping below 25,550 amid weak sentiment. Gaudium IVF IPO was subscribed more than four times on day three, led by strong retail and NII demand, while QIB participation remained muted. Clean Max Enviro Energy IPO saw 37% overall subscription, supported mainly by QIB bids. Meanwhile, Indian government bonds traded in a narrow range ahead of a major state borrowing auction. The 6.48% 2035 benchmark yield stood near 6.70%, with OIS rates largely unchanged.
10:40 AM IST
Stock Market LIVE Update | Sensex slides 750+ points | Nifty slips below 25,500
Sensex plunged over 750 points, with Nifty slipping below 25,500 amid broad-based selling. Key laggards included Persistent Systems, Coforge and M&M Financial Services, while Fine Organic Industries and Natco Pharma led gains. Manoj Kumar Jain of Prithvi Finmart noted gold support at $5,164–5,122 and resistance at $5,270–5,330 per ounce. On MCX, gold holds support near ₹1,60,600. He advised accumulating gold and silver on declines with defined stop losses and higher targets.
9:20 AM IST
Stock Market LIVE Update | Sensex falls over 500 points | Nifty slips below 25,600
Equity benchmarks declined sharply, with the Sensex dropping more than 500 points and the Nifty breaching 25,600. In a block transaction, 11.8 lakh shares of HDFC Bank changed hands, while the stock traded marginally lower at ₹923.50. The Indian rupee opened 0.04% weaker at 90.9225 against the U.S. dollar. Meanwhile, commercial credit rose nearly 15% year-on-year, crossing ₹300 lakh crore in January, aided by cumulative 125-basis-point rate cuts by the Reserve Bank of India to support economic activity.
Source: Bajaj Broking Research Desk.
GIFT NIFTY: Gift Nifty suggests a negative opening for the Indian market. Volatility is likely to remain high on account of the monthly expiry session. Nifty spot is likely to trade in the range of 25,500-25,850.
INDIA VIX: 14.17 | -0.20 (1.36%) ↓ today
In-Depth Market Insights: Global Outlook, Derivatives & More
Other Asset Classes
Treasury Yield:
The US 10-year Treasury yield was down more than 5 basis points at 4.031%.
Currency:
The dollar traded flat on Monday and closed around 97.70 levels.
Commodities:
Gold rose more than 2% to a three-week high on Monday, fuelled by a fresh wave of safe-haven demand on uncertainty over U.S. President Donald Trump’s tariff plans after he vowed to raise duties following the Supreme Court’s ruling against his earlier levies. Spot gold was up 2% at $5,206.39 per ounce.
Oil prices were stable on Monday with the U.S. and Iran headed for a third round of nuclear talks, easing concerns about a potential conflict. Brent crude futures slid 0.38%, to close at $71.49 a barrel.
India Market Outlook
Market in the Previous Session:
Indian equity benchmarks ended February 23rd on a strong footing, with the Nifty closing above the 25,700 level. Domestic markets cheered the U.S. Supreme Court’s verdict overturning Trump’s reciprocal tariff policy.
Investors are now awaiting further details on his revised strategy and the potential course of renegotiations by other countries.
At the close, the Sensex advanced 479.95 points, or 0.58 percent, to 83,294.66, while the Nifty gained 141.75 points, or 0.55 percent, to settle at 25,713.
On the sectoral front, Information Technology fell 1.4 percent and metals declined 0.2 percent.
In contrast, the PSU Bank index rose 1.3 percent. Pharma, oil & gas, infrastructure, FMCG, and auto sectors posted gains of around 0.5 percent each.
Broader markets were mixed, with the Nifty Midcap index slipping 0.4 percent, whereas the Small-cap index inched up 0.3 percent.
TRADE SETUP FOR FEB 24
Nifty Short-Term Outlook:
The index formed a small bullish candle with shadows in either direction signaling consolidation with positive bias for the second session in a row. The index in the process moved above its 20- & 50-days EMA.
Nifty is seen consolidating in the range of 25,400-25,900 in the last 7 sessions. Only a breakout or a breakdown below this range will signal next direction trend. Volatility is likely to remain elevated amid uncertain global cues.
On the daily chart index has formed a potential double bottom around the last week low of 25,372. Index holding above the same and a move above last week high of 25900 will signal strength and open upside towards 26,200-26,300 levels in the coming weeks.
While a breach below last week low 25,372 will open further downside towards the 200 days EMA and the previous gap area placed around 25,100-25,200.
Intraday Levels:
Nifty: Intraday resistance is at 25,780, followed by the 25,850 levels. Conversely, downside support is located at 25,610, followed by 25,500.
Bank Nifty: Intraday resistance is positioned at 61,520, followed by 61,760, while downside support is found at 60,930, followed by 60,700.
Derivative Market Analysis
Nifty:
On the monthly expiry, the highest Call open interest is positioned at 26,000, while the highest Put open interest is placed at 25,500, defining the broader trading range.
Fresh and significant put writing at 25,700 further strengthens the immediate support zone, indicating bullish conviction among option writers.
Immediate call writing is visible at 25,800, which is likely to act as near-term resistance; however, a decisive move above this level could trigger a gamma-driven move on expiry.
The max pain level is placed near 25,700, suggesting price gravitation toward this zone into expiry.
Overall, the bias remains firmly positive as long as Nifty sustains above the support cluster, and any dip toward support levels may be viewed as a buying opportunity.
Bank Nifty:
Strong put writing participation is visible across 61,000–61,400 strikes, creating a solid support base and reflecting improving bullish conviction among option writers.
A decisive breach below 61,000 would negate the positive bias and may trigger a corrective move in the index.
Fresh call writing has emerged at 61,400, with additional participation up to 61,500, marking the immediate resistance zone.
The max pain level for monthly expiry is placed near 61,000, while futures are currently trading around 61,200, indicating price stability above key support.
Overall positioning suggests a positive market stance, and any intraday decline toward support levels is likely to attract buying interest.
Overall bias remains positive unless the index sustains below the 61,000 level.
US Share Market News
Performance Overview:
Major US indices fell in the regular session on renewed fears of artificial intelligence disruptions to various industries. President Donald Trump’s threat to hike global tariffs to 15% and tensions between the U.S. and Iran also kept traders on edge.
Sector-specific indicator:
The 30-stock Dow closed lower by nearly 822 points, or about 1.7%, dragged lower by a roughly 13% loss in IBM shares. The tech-heavy Nasdaq Composite declined 1.1%, while the S&P 500 shed about 1% and slipped into the red for the year.
Economic indicator:
Trump said over the weekend he will raise a temporary universal tariff on imports to 15%, from 10% initially, shortly after the Supreme Court found he exceeded his authority in declaring an economic emergency to impose a swathe of trade tariffs.
Nvidia will report its fiscal fourth quarter earnings on Wednesday, which will be closely monitored by investor
On Tuesday, investors are awaiting for consumer confidence data and Home Depot earnings. They’re also bracing for key earnings results from Nvidia and software names Salesforce and Snowflake due later this week, which could be market-moving amid the current pullback in tech.
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 :
24 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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