27/02/25, Bank Index Extended Loss

Nifty Bank index remained under pressure throughout Friday's session and extended its losses in the afternoon, tracking broader market weakness. As of about 1:30 pm, the banking index was down 0.8 percent at 60,717. The benchmark Indian equity indices too slipped sharply, with the Sensex down over 600 points and the Nifty lower by 0.8 percent.

The banking index stayed in the red since the open and weakened further as selling intensified in heavyweight private banks. ICICI Bank stock was the biggest drag, falling 1.6 percent, followed by declines in HDFC bank (down 1.1 percent) and Axis Bank (down 0.7 percent). Kotak Mahindra Bank also traded over 1.3 percent lower, adding to the pressure on the index.

Broader participation within banking stocks was largely negative. PSU lenders such as. State Bank of India, Bank of Baroda, Punjab National Bank and Canara Bank were also trading lower, though losses were relatively contained compared with private-sector peers.

Gains were limited and stock-specific. Union Bank of India rose 1.6 percent on healthy volumes, while IDFC First Bank gained about 1 percent. Federal Bank also traded marginally higher. However, these advances were insufficient to offset declines in heavyweight stocks.

Volatility indicators reflected rising caution. India VIX climbed nearly 4 percent, suggesting elevated near-term uncertainty as markets digested selling pressure across sectors.

From a technical perspective, Ponmudi R, CEO of Enrich Money, said in his morning outlook that Bank Nifty's immediate support lies in the 60,900-60,600 zone, while resistance remains in the 61,400-61,500 band. He added that while the broader structure remains constructive as long as key supports hold, momentum has been measured rather than aggressive.

Separately, ICICIDirect noted that Bank Nifty continues to show relative strength versus the benchmark indices, being closer to its record highs than the Nifty. However, the brokerage cautioned that failure to secure a decisive close above the 61,800 area could result in continued consolidation near elevated levels.

27/02/26, intraday news

The benchmark indices Sensex and Nifty traded lower on Friday, as a U.S. tech selloff and subdued Asian cues kept sentiment restrained ahead of a local GDP print later in the day.

At around 9:30 PM, the Sensex was down 352.30 points or 0.43 percent to 81,896.31, while the broader Nifty declined to 25,382.60, down 113.95 points or 0.45 percent.

Key factors behind market decline

1) Weak global cues: The benchmark S&P 500 and European equities finished lower as investors digested another blowout quarter from Nvidia — the world's most valuable company — yet remained uneasy about its valuation even as the chipmaker forecast first-quarter revenue of $78 billion. Tech heavy asian indices fell in tandem with the NASDAQ

2) FII selling: FIIs sold Rs 3,465.99 crore on Thursday, which further dented the market sentiments.

3) India Vix rises: The fear gauge or the volatility index rose nearly 3 percent to 13.44 level, indicating higher uncertainity among market participants.

Technical outlook

Anand James, Chief Market Strategist at Geojit Investments, said "The repeated hammering on successive days from key upside pivots is disappointing. However, the base has held firm all these days, leading to a triangle formation, encouraging us to keep the upside hopes alive. We will continue to look for a break of 25670 to confirm strength, in order to aim for 25900. Swings on either sides of 25530 may be expected, but we will wait for a fall below 25300 to switch sides."

Disclaimer: The views and investment tips expressed by investment experts are their own and not those of us.We advise readers  to check with certified experts before taking any investment decisions.

27/02/26, which is the best stock market App in India for 2026

 Overview

• Groww leads in new demat account additions, making it a top choice for beginners entering the stock market.

• Zerodha remains a strong platform for active stock traders due to low brokerage and advanced trading tools.

• • Angel One stands out for research support and full-service features despite a slight profit dip in FY26.

  India's stock market has seen a massive growth in the past few years, with millions of new investors trading through mobile apps. The choice of a stock market app depends on cost, safety, ease of use, and new rules set by regulators. Recent data from early 2026 suggests strong competition among the top platforms, especially Groww, Zerodha, and Angel One.

  Market Trends in 2026

  Retail investors are still active in 2026, despite the market volatility in 2025.

  Industry reports from January 2026 show that Groww added more new demat accounts on the NSE than other brokers. Its share of active clients was in the high-20% range by late 2025.

  This makes Groww one of the fastest-growing brokers in India.

  Zerodha, the largest discount online broker in India, continues to hold a major share of active traders. However, data from late 2025 indicated a slight drop in market share as growth slowed compared to earlier years. The company has linked this change to market cycles and different definitions of active accounts.

  Angel One is one of the leading full-service brokers. The company made news after announcing a 1:10 stock split in early 2026. Around the same period, it reported a small decline in profit for the third quarter of FY26. Despite this, it continues to maintain a strong client base across India.

  Regulatory Changes Affecting Apps

  The year 2026 has brought many important regulatory updates. In February 2026, SEBI revised rules related to calendar spread margin benefits in single stock derivatives on expiry day. This change directly impacts traders who deal in futures and options.

  At the same time, the Reserve Bank of India tightened lending norms for capital market exposure. This step affected brokerage stocks in February 2026 and increased pressure on firms that rely heavily on margin funding. These moves make safety, transparency, and risk control more important than ever when choosing a trading app.

  Apps that clearly explain margin rules, charges, and risk exposure are now seen as safer options. Investors are paying closer attention to compliance and stability rather than only focusing on low fees.

  Groww: Fastest Growing Platform

  Groww stands out for its rapid growth. By adding more demat accounts than several competitors in January 2026, it strengthened its position among new investors. Its mobile interface is simple, clean, and easy to understand. Many first-time investors prefer it because account opening is quick and the learning content is easy to follow.

  The app supports stocks, mutual funds, ETFs, and more. Over time, it has expanded into advanced trading features as well. With its strong onboarding numbers and growing active client base, Groww  is often seen as the best option for beginners and young investors entering the market.

  Zerodha: Trusted by Active Traders

  Zerodha remains a powerful name in the Indian brokerage industry, known for low charges and a stable trading platform. Many serious traders prefer it for futures and options trading because of its reliable systems and advanced tools.

  Even though its market share saw a small decline in 2025, it still holds one of the largest active client bases in India. Its pricing model is simple and appeals to cost-conscious traders. The platform also offers strong charting tools and APIs for advanced users.

  Zerodha continues to be viewed as one of the best apps for experienced traders who want performance and cost efficiency.

  Angel One: Full-Service Strength

  Angel One offers both discount broking and advisory services. It gives research reports, portfolio ideas, and many investment options in one app. This makes it useful for people who want guidance along with trading.

  The company announced a 1;10 stock split  in early 2026. This increased liquidity and drew attention in the market. Even though profits fell slightly in the third quarter of FY26, the company is financially stable and continues to improve its pricing plans.

  Final Verdict for 2026

  There is no single best stock market app for everyone in India. The right choice depends on personal goals and trading style.

  Groww is growing fast and is very easy to use. Zerodha is known for low charges and strong trading tools. Angel One offers research, advice, and many services under one platform.

  New SEBI margin rules and stricter RBI lending norms have made safety and transparency more important than ever. Investors now care not only about low fees but also about stability and clear policies.

  These three apps are among the top choices in India. However, the final decision depends on whether the focus is on simple investing, active trading, or full-service support.

27/02/26, Domestic equity benchmarks - the Sensex and the Nifty 50 - are likely to begin Friday's session on a weaker note, tracking subdued signals from global markets.

Asian equities were trading mixed in early deals, while US markets finished mostly in the red overnight as technology stocks faced renewed selling pressure.

Back home, Indian equities witnessed a volatile trading session on Thursday and ended on a mixed footing amid profit-taking in select heavyweight stocks.

The Sensex slipped 27.46 points, or 0.03%, to settle at 82,248.61. In contrast, the Nifty 50 edged up 14.05 points, or 0.06%, to close at 25,496.55.

Let's take a look at stocks to watch today

Airline stocks: Airline stocks Indigo, SPiceJet will be in focus today after Air travellers can now cancel or make changes to their tickets within 48 hours of booking without paying additional fees, subject to certain conditions, after the Directorate General of Civil Aviation (DGCA) updated its refund regulations.

Under the revised Civil Aviation Requirements (CAR) relating to the refund of airline tickets for passengers of public transport undertakings, airlines are also prohibited from charging any extra fee for correcting a passenger's name, provided the mistake is reported within 24 hours of booking and the ticket was purchased directly through the airline's website.

Hindalco: The Aditya Birla Group's metals business said the ongoing review by the Committee on Foreign Investment in the United States (CFIUS) regarding its proposed acquisition of AluChem Companies, Inc. has been affected due to a partial shutdown of the US federal government.

Indian Railway Finance Corporation Ltd (IRFC): The board is scheduled to meet on March 9 to consider declaring a second interim dividend for FY26. The board will also review and approve the company's market borrowing programme for FY27.

Netweb Technologies India: Vertiv has announced a partnership with Netweb Technologies India to jointly design and validate Netweb's indigenously developed GPU compute platforms. These will be integrated with Vertiv's comprehensive AI data centre infrastructure solutions.

Zaggle Prepaid Ocean Services: The company has signed agreements with Chennai Super Kings Cricket, Superking Ventures, and Saurashtra Cement. Under the arrangement, Zaggle will provide its Corporate Expense Cards to employees and associates of Chennai Super Kings Cricket and Superking Ventures. Additionally, it will offer its Zaggle Save employee expense management and benefits solution to Saurashtra Cement.

Brigade Enterprises: The real estate developer has formed a strategic alliance with Primus Senior Living to build three senior living communities across Bengaluru and other parts of South India. The projects are expected to have a combined gross development value of ₹750 crore.

Gujarat Mineral Development Corporation (GMDC): The company has signed a Memorandum of Understanding with NTPC to explore opportunities in coal and lignite gasification and related downstream applications. The agreement outlines a framework to evaluate the feasibility of gasifying coal from GMDC's Odisha blocks and lignite from its Gujarat operations.

Jio Financial Services: The company has infused ₹1,999 crore into its subsidiary, Jio Credit Ltd (JCL), at a price of ₹585 per equity share. The funds will be used to support JCL's business expansion and operational requirements.

Capacite Infraprojects: The infrastructure firm has received a letter of intent worth ₹537 crore from TenX Realty, a division of Raymond, for a project in Thane.

RailTel Corporation of India: The Navratna public sector company has secured an order valued at ₹17 crore from IIT Delhi. The project involves laying optical fibre cable infrastructure.

👉Asian equities were trading mixed in early deals, while US markets finished mostly in the red overnight as technology stocks faced renewed selling pressure.

Back home, Indian equities witnessed a volatile trading session on Thursday and ended on a mixed footing amid profit-taking in select heavyweight stocks.

The Sensex slipped 27.46 points, or 0.03%, to settle at 82,248.61. In contrast, the Nifty 50 edged up 14.05 points, or 0.06%, to close at 25,496.55.

source: Mint

27/02/26, SEBI Regulation

Capital markets regulator Sebi on Thursday revised the valuation methodology for physical gold and silver held by mutual fund schemes, mandating the use of polled spot prices published by stock exchanges for calculating the worth.

The spot prices used for settlement of physically delivered bullion derivatives contracts will now form the basis for pricing such holdings, replacing the earlier benchmark-linked approach. This will become effective from April 1, 2026, the Securities and Exchange Board of India (Sebi) said in its circular.

"It has been decided that with effect from April 01, 2026...the mutual funds shall value physical gold and silver by using the polled spot prices published by the recognised stock exchanges which are used for settlement of physically delivered gold and silver derivatives contracts," Sebi said. Currently, gold and silver ETFs (exchange traded funds) value their holdings based on the AM fixing prices of the London Bullion Market Association (LBMA), adjusted for currency conversion, transportation costs, customs duty, taxes and other levies to arrive at domestic prices.

The move, aligned with the Sebi (Mutual Funds) Regulations, 2026, aims to ensure valuations better reflect domestic market conditions and promote uniformity and transparency. Mutual fund industry body Amfi, in consultation with Sebi, will prescribe a uniform policy for implementation.

Disclaimer: This story is from the syndicated feed. Nothing has been changed except the headline.

27/02/26, India's primary markets are gearing up for an action-packed 2026, with a wave of large-scale initial public offerings set to test investor appetite.

After the successful listings of new-age companies such as Zomato, Delhivery and Nykaa in earlier years, the pipeline now signals a decisive shift toward the next phase of the startup-to-stock-market journey.

Unlike previous bull cycles, the upcoming rush is being viewed as a structural transition, driven by venture capital and private equity investors preparing to unlock value after years of capital infusion. The markets, in turn, appear ready to welcome a new generation of high-growth, tech-forward businesses.

Leading the pack is Reliance Jio, which is expected to headline the 2026 IPO calendar with an estimated issue size of around Rs 40,000 crore. If executed as planned, the offering could become one of the largest in India's market history. Close behind is National Stock Exchange, often referred to as NSE in industry discussions,with plans to raise roughly Rs 25,000 crore, marking a potentially game-changing moment for financial services listings.

The e-commerce sector is equally active. Flipkart, one of India's biggest online retail players, is preparing an IPO that could fetch about Rs 15,000 crore, a move long awaited by public-market investors.

Fintech continues to dominate the startup landscape, and PhonePe is reportedly gearing up for a public issue of around Rs 13,000 crore. Alongside, quick-commerce disruptor Zepto, known for its sub-10-minute deliveries,is working toward an IPO estimated at Rs 11,000 crore, underlining how new-age consumption models have matured into sizeable public-market contenders.

In the traditional financial services space, SBI Funds Management is expected to launch a Rs 10,000-crore share sale. Other notable names preparing their offer documents include Credila, Hero FinCorp, and several mid-market lenders that have seen sustained demand across retail and MSME segments.

Adding to the diversity of the upcoming IPO slate, hospitality platform OYO is targeting an issue size of approximately Rs 6,650 crore, marking a renewed attempt at going public after earlier efforts.

The pipeline also features players such as Veritas Finance, Atomberg, and clean-energy company Rayzon Solar, highlighting the spread of offerings across consumption, finance, technology, and renewable energy.

Report by The Economic Times 

Source: Dailyhunt 

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. We suggests its readers to consult their financial advisors before making any money related decisions.)

27/02/26, Share Market Today

The Indian stock market ended largely unchanged, underscoring a tug-of-war between early optimism and cautious profit-taking.

Positive global cues from technology and metals supported sentiment at the open, but gains gradually faded as investors chose to trim exposure at higher levels rather than chase momentum. Persistent weakness in the IT sector continued to weigh on the broader mood, with sector-specific concerns driving noticeable underperformance and limiting index traction.

Meanwhile, select non-banking segments showed relative resilience, offering only modest support to the benchmarks. Adding to the cautious undertone were reports that the Reserve Bank of India's temporary liquidity support measures may wind down by March, raising questions around near-term funding conditions.

What Gift Nifty Live index signal

The Gift Nifty Live index is trading in the red territory. The index is down by over 90 points, which signals a gap-down opening on Dalal Street.

US-Iran news

US and Iranian officials ended the latest round of nuclear talks in Geneva on Thursday by agreeing to re-convene as soon as next week, opening the door to further diplomacy even as President Donald Trump masses military forces in the region.

With just days to go before Trump's deadline to reach an agreement, the two sides agreed to resume discussions at a technical level in Vienna.

Stock market today

Speaking on the outlook of the Nifty 50 and Sensex today, Shrikant Chouhan, Head Equity Research, Kotak Securities, said, "We are of the view that the current market texture is non-directional, and traders are likely waiting for either side to breakout. On the higher side, 25,600/82,600 would be the immediate breakout zone for traders. Above this level, the market could rally towards 25,700-25,750/82,900-83,000. On the flip side, below 25,400/82,000, selling pressure is likely to accelerate. If the level is breached, the market could slip to 25,300-25,275/81,700-81,600."

On the outlook of the Bank Nifty today, Sumeet Bagadia, Executive Director at Choice Broking, said, "The Bank Nifty index is reflecting buying interest at lower levels and intraday recovery strength. From a technical perspective, immediate resistance lies in the 61,400-61,500 zone, while the 60,800-60,900 range remains a crucial support area for near-term stability. The daily RSI at 58.43 reflects moderate bullish momentum with a positive bias."

On suggestions to traders interested in the Bank Nifty index, Bagadia said, "Traders are advised to remain cautious near critical support levels and wait for a clear breakout above resistance before taking fresh directional bets."

Gold, silver rates today

The COMEX gold rate continues to oscillate around $5,200/oz, whereas the COMEX silver rate is up over 1% in early morning Asian markets. By 7:00 AM, the silver price today is around $88/oz.

Speaking on the outlook for gold and silver rates today, Anuj Gupta, a SEBI-registered market expert, said that gold and silver rates would follow two major international triggers: the Bank of Japan's interest rate decision and the outcome of the US-Iran talks. As the mediator, Oman has claimed progress in the US-Iran talks in Geneva, and the risk of escalation has eased. Now, investors are waiting for the outcome of the Bank of Japan meeting today. The market is expecting that the Japanese Central Bank may raise interest rates by 25 BPS.

FII-DII data

FIIs finished as net sellers on Thursday, selling Indian stocks worth ₹3,466 crore. However, DIIs ended as net buyers, buying shares worth ₹5,032 crore.

USD vs INR

Amid volatile global crude oil prices and a firm US Dollar against major rivals, the Indian National Rupee (INR) settled flat at 90.91 against the US Dollar (USD) on Thursday.

Speaking on the outlook of the Indian Rupee against the USD, Jateen Trivedi, VP Research - Commodity & Currency at LKP Securities, said, "The Indian Rupee traded with minor gains near 90.88 as market participants remained cautious amid uncertainty around US-Iran talks. Any signs of a rise in the conflict between Iran and the USA can result in panic. Rupee remains range-bound with support seen near 91.25 and resistance around 90.50, awaiting clearer direction from global trade developments, geopolitical issues and dollar index movement."

Stocks to buy today

Regarding stocks to buy today, stock market experts - Sumeet Bagadia of Choice Broking, Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, and Shiju Koothupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher - recommended these eight stocks for intraday trading: IOC, Shriram Finance, JSW Energy, CESC, Policy Bazaar, IdeaForge, KEC International, and Schneider Electric Infrastructure.

Sumeet Bagadia's stock recommendations today

1] IOC: Buy at ₹186.50, Target ₹200, Stop Loss ₹180.

IOC is currently trading at 186.5 and maintaining a strong upward trajectory. The stock has been forming a series of higher highs and higher lows, indicating sustained bullish momentum. A breakout from the Rounding Bottom has confirmed a bullish Trend pattern, signalling a transition from accumulation to an upward trend.

2] Shriram Finance: Buy at ₹1105, Target ₹1185, Stop Loss ₹1065.

Shriram Finance's share is currently trading at ₹1105 and maintaining a strong upward trajectory. The stock has been forming a series of higher highs and higher lows, indicating sustained bullish momentum.

Ganesh Dongre's buy or sell stocks

3] JSW Energy: Buy at ₹498, Target ₹530, Stop Loss ₹485.

JSW Energy's share price has been exhibiting a strong and consistent bullish pattern, indicating sustained investor interest and positive price momentum. The stock is currently trading at ₹498 and has established a solid support base at ₹485. This level has historically acted as a cushion, and recent price action suggests a reversal from it, reinforcing bullish sentiment.

4] CESC: Buy at ₹160, Target ₹170, Stop Loss ₹155.

The stock has exhibited a strong, notable, and continuous bullish pattern, offering another promising opportunity for short-term traders.

5] Policy Bazaar: Buy at ₹1525, Target ₹1580, Stop Loss ₹1485.

The stock has exhibited a strong, notable, and continuous bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹1525 and maintaining a strong support at ₹1485. The technical setup suggests a potential price retracement towards the ₹1580 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹1485 offers a prudent approach to capturing the anticipated upside.

Shiju Koothupalakkal's intraday stocks for today

6] IdeaForge: Buy at ₹424.60, Target ₹455, Stop Loss ₹415.

The stock has witnessed a decent consolidation, taking support near the ₹405 zone, and has indicated a positive candle formation on the daily chart, suggesting a move past the 100-period MA at the 421 level, improving the bias and suggesting a further upward move in the coming days.

7] KEC International: Buy at ₹595, Target ₹640, Stop Loss ₹583.

The stock has recently witnessed significant erosion and has shown signs of bottoming out near the ₹575 level, with a current revival and volume participation improving the bias, and is expected to make a further upward move.

8] Schneider Electric Infrastructure: Buy at ₹898, Target ₹960, Stop Loss ₹875.

The stock has recently indicated a strong run-up. After a short period of consolidation and some cooling off, it has once again shown a decent revival, improving the bias and anticipating a further rise in the coming sessions.

Report by Mint;  source: Dailyhunt 

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not of ud. We advise investors to check with certified experts before making any investment decisions.

27/02/26, India and Iran Relations

👉Amid heightened tensions between Iran and the United States, which threaten to boil over into a full-scale US-Iran war, Tehran has described Prime Minister Narendra Modi's visit to Israel as "unfortunate", stating it is not appropriate for New Delhi to associate with a genocidal regime that killed at least 75,000 Palestinians in the Gaza Strip.

How Iran reacted to PM Modi's Israel visit?

In a interview with India Today, Iranian Foreign Minister Abbas Araghchi criticized Israel's "brutal" military operations in Gaza, and expressed hope that PM Modi will raise the issue of the rights of the Palestinian people during his visit to the Jewish state, adding that Tehran does not consider it right to deal with a regime that commits genocide.

"It is unfortunate," Araghchi said when asked about PM Modi's Israel visit. "Israel has destroyed all of Gaza. 75,000 people have been killed. This is not a claim, it is a fact confirmed by almost all international organizations. This is a genocide. Obviously, we do not consider it right to deal with a regime that commits genocide," he said.

However, Araghchi said India had the right to make its own decisions and engage with whomever it wishes, but hoped that PM Modi will raise issues of Palestinians during his trip. "It is up to our friends in India to decide for themselves. But I hope that Prime Minister Modi will be there, so they can also talk about the Palestinians and their right to self-determination."

What Araghchi said about Iran-India relations?

Asked about the state of Iran-India relations in wake of the current geopolitical situation, Araghchi called India a friend, and noted that Tehran and New Delhi share strong historical and cultural ties dating back thousands of years.

"Our relations with India have always been very good. India is a friend of Iran, and our relationship is historic," he said.

The Iranian Foreign Minister described his relationship with his Indian counterpart S Jaishankar as "very good", stating, "I have good contact with my colleague, Minister Jaishankar, and we always share our views. Our personal relationship is very good".

What Tehran said about Chabahar Port?

Araghchi also discussed India's investment in the Chabahar Port, and said it was "disappointing" for countries that that no funds had been allocated to the strategic project in India's Union Budget 2026.

"This is disappointing for both India and Iran," the Iranian minister said, while describing the Chabahar Port as a strategic project that would connect India to Central Asia, the Caucasus, and Europe.

Araghchi also expressed confidence that Iran-India relations will continue to be friendly in the future.

26/02/26, PostMarket REPORT

The Indian benchmark indices, SENSEX and NIFTY50, erased early gains to trade in the negative territory during the afternoon session on Thursday, February 26, as investors booked profits amid weak global cues.

The SENSEX declined by as much as 292.11 points to an intraday low of 81,983.96. Meanwhile, the NIFTY50 touched the session's low of 25,400.95.

At 12:35 PM, the S&P BSE SENSEX fell by 175.91 points, or 0.21%, to 82,100.16. NSE's NIFTY50 was trading flat at 25,434.60, reflecting a 47.90 points, or 0.19% decline.

On Wednesday, the foreign institutional investors (FIIs) bought shares worth ₹2,991.64 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹5,118.57 crore on a net basis, according to exchange data.

NIFTY50 index was weighed down by Coal India (-1.87%), Power Grid Corporation of India (-1.50%), Trent (-1.40%), NTPC (-1.31%) and Tata Consumer Products (-1.25%), which were among the top losers.

On the other hand, the top gainers included Tata Motors PV (2.19%), Max Healthcare Institute (1.53%), Bharat Electronics (1.30%), Adani Ports (1.14%) and Tata Consultancy Services (0.92%).

Buzzing stocks on February 26: Check list

Welspun Corp

Shares of Welspun Corp advanced 4.23% to hit an intraday high of ₹831 apiece on the National Stock Exchange (NSE) on Thursday, February 26, as its wholly owned subsidiary in the Free Trade Zone, United Arab Emirates, was incorporated in the name of "Welspun International FZCO" (WIFZCO) in Dubai Multi Commodities Centre (DMCC).

It added that it received the certificate of incorporation or licence on February 25 from the relevant DMCC authority.

"WIFZCO will handle global marketing for all our products and also carry out the business of trading of any of the products and raw materials in which the parent company and its subsidiaries transact," a regulatory filing stated.

Tejas Networks

The stock of Tejas Networks rallied as much as 12.9% to hit the session's peak of ₹358.80 per equity share on the NSE, after it signed an agreement with NEC Corporation to manufacture and supply 5G massive mimo radios.

Masayuki Kayahara, Corporate Senior Vice President of Global Network Division at NEC Corporation, noted that the deal furthers NEC's collaboration with Tejas Networks for 5G massive MIMO radio and achieves supply-chain diversification, which helps to mitigate risks to its customers by building a "resilient, flexible globalized ecosystem."

Sanofi Consumer Healthcare

Shares of Sanofi Consumer Healthcare India rallied as much as 15.98% to hit the day's high of ₹4,649.90 per unit, as it reported a. 50.11% YOY increase in its net profit to Rs66.5crore for the fourth quarter of CY25, demonstrating sustained growth momentum across key business segments.

In the same period last year, it had logged a profit of ₹44.3 crore, as stated in a regulatory filing dated February 25.

The Mumbai-based firm's revenue from operations jumped 47.04% YoY to ₹251 crore during the reporting quarter, compared to ₹170.7 crore in the fourth quarter of CY24.

The board of directors of Sanofi Consumer Healthcare India also recommended a final dividend of ₹75 per equity share with a face value of ₹10 each for FY25, subject to shareholder approval at the ensuing annual general meeting (AGM).

Waaree Energies

Waaree Energies stock jumped as much as 2007% to touch an intraday high of ₹2,764.50 per equity share on Thursday, after sliding over 10.5% in the previous session over the fears of a 126% import duty by the US.

Abhishek Pareek, Group Head, Finance, Waaree Energies, said, "At this stage, the company does not anticipate any material adverse impact on its ability to service its US order book."

Analysts at Nomura note the United States has imposed a 126% countervailing duty (CVD) on solar imports from India to offset alleged benefits arising from government subsidies.

The leading financial services firm noted that Indian solar companies with manufacturing presence in the US and those sourcing solar cells from non-Chinese suppliers are likely to face a relatively lower impact from the move.

Among key players, Waaree Energies (WEL) is seen as better positioned due to its diversified supply chain. The company's management expects a limited impact from the CVD, Nomura highlighted.

Balu Forge Industries

Shares of Balu Forge Industries gained as much as 10% to hit the session's peak of ₹489.40 apiece, as it entered into a Memorandum of Understanding (MoU) for the supply of empty shells from its greenfield manufacturing campus in Belgaum, Karnataka.

The said agreement covers the complete large caliber ammunition category starting with 155 mm M107, 152 mm & 155 mm ERFB/BT variants & will be extended to 105 mm, 120 mm, 81 mm, amongst others, it said in a regulatory filing.

"This is in line with the company's strategy to build a strong foundation in the defence consumables space, starting with large calibre ammunition & will further expand towards medium & small calibre in the near future," it added.

Xtglobal Infotech

The stock of Xtglobal Infotech zoomed as much as 19.98% hit the day's high of ₹33.63 per equity share, as its step-down subsidiary XTGlobal Inc bagged an order from the Texas Department of Transportation (TxDOT) for AI-enabled engineering services.

The work order, for a six-month program increment commencing March 16 and concluding on September 30, 2026, is valued at $796,900 (or ₹7.2 crore), payable against defined milestone-based deliverables.

Manappuram Finance

Manappuram Finance shares declined as much as 4.1% to an intraday low of ₹284.45 apiece, as it announced that its CEO and key managerial personnel, Deepak Reddy, requires medical leave of absence from February 25, 2026, to travel overseas for medical treatment, for a period of 90 to 120 days, depending on the progression of the treatment.

source: Upstox, Dailyhunt 

26/02/26, Market Updates

The domestic equity indices maintained moderate gains in mid-morning trade, extending their recovery for the second straight session. The upward momentum was primarily driven by strong buying interest in IT and pharma stocks, keeping the market firmly in positive territory.

The Nifty traded above the 25,550 mark. Meanwhile, pharma stocks attracted buying interest for the fifth consecutive trading session.

At 11:27 IST, the barometer index, the S&P BSE Sensex, advanced 230.43 points or 0.28% to 82,506.50. The Nifty 50 index gained 71.50 points or 0.28% to 25,554.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index added 0.50% and the BSE 250 SmallCap Index rose 0.30%.

The market breadth was strong. On the BSE, 2,345 shares rose and 1,457 shares fell. A total of 197 shares were unchanged.

IPO Update:

Omnitech Engineering received bids for 18,84,300 shares as against 1,89,09,890 shares on offer. The issue was subscribed 0.10 times.

The issue opened for bidding on 25 February 2026 and it will close on 27 February 2026. The price band of the IPO is fixed between Rs 216 and 227 per share.

PNGS Reva Diamond Jewellery received bids for 49,72,480 shares as against 57,06,235 shares on offer. The issue was subscribed 0.87 times.

The issue opened for bidding on 24 February 2026 and it will close on 26 February 2026. The price band of the IPO is fixed between Rs 367 and 386 per share.

Buzzing Index:

The Nifty pharma index jumped 0.80% to 23,237.35. The index rallied 3.60% in five consecutive trading sessions.

Mankind Pharma (up 4.61%), Zydus Lifesciences (up 1.72%), Lupin (up 1.34%), Gland Pharma (up 1.29%), Aurobindo Pharma (up 1.15%), Glenmark Pharmaceuticals (up 1.01%), Alkem Laboratories (up 1%), Sun Pharmaceutical Industries (up 0.74%), Ajanta Pharma (up 0.68%) and Laurus Labs (up 0.62%) advanced.

On the other hand, IPCA Laboratories (down 0.28%), Abbott India (down 0.15%) and Biocon (down 0.09%) edged lower.

Stocks in Spotlight:

KP Energy added 1.55% after the company received a letter of award (LoA) from Enerparc Energy for the development of a 40.8 MW wind-solar hybrid power project in Gujarat.

Balu Forge Industries surged 9.78% after it entered into a legally binding memorandum of understanding (MoU) for the supply of empty artillery shells from its greenfield manufacturing facility in Belgaum, Karnataka.

Coforge rose 0.51%. The company announced a strategic partnership with VHC Health for serving as the latter's digital and IT services provider.

Global Markets:

Most Asian markets edged higher with South Korea and Japan stocks hitting record highs Wednesday, after a tech-driven rally on Wall Street that was fueled by easing concerns around artificial intelligence-led disruption to select industries.

U.S. equities rose on Tuesday, led by gains in Advanced Micro Devices and software stocks, as investors' fears around artificial intelligence disruption to certain industries eased.

The S&P 500 advanced 0.77% to close at 6,890.07, while the Nasdaq Composite rose 1.04% and settled at 22,863.68. The Dow Jones Industrial Average added 370.44 points, or 0.76%, and ended at 49,174.50.

Shares of AMD jumped 8.8% after Meta Platforms announced a multiyear deal with the semiconductor company. The new partnership entails deploying up to 6 gigawatts of AMD's graphics processing units for AI data centers. Meta will also invest in AMD through a performance-based warrant for up to 160 million shares of the chipmaker.

source: Capital Market 

26/02/26, Indian IT stocks including Infosys, TCS, HCL Tech will be in focus on Thursday, February 26 after artificial intelligence (AI) chipmaker Nvidia delivered another exceptionally strong quarter on Wednesday, reinforcing its dominant position in the global AI ecosystem even as investors debate whether the current AI boom is sustainable or overheated.

 Nvidia reported quarterly results that comfortably exceeded Wall Street expectations, driven by continued strong demand for its AI-focused chips. Revenue for the quarter touched a record $68.1 billion, signalling that spending on AI infrastructure by global technology companies remains robust.

The topline marked a 73% increase compared with the same quarter last year and came well above the Street's estimate of $65.7 billion. For investors, this reinforced that the massive AI-led technology buildout - in which Nvidia's chips play a critical role - is still firmly underway.

Profitability remained equally strong. Net income for the quarter more than doubled year-on-year to $42.96 billion, highlighting Nvidia's operating leverage and pricing power.

Although the stock initially rose after the results, those gains were later erased as some investors booked profits following the recent rally to end 1.57% high at $195.88.

The November-January period once again surpassed analyst projections, continuing a trend Nvidia has maintained for several years. Since its high-performance chips became the preferred choice for training and running advanced AI models around three years ago, the company has repeatedly delivered earnings ahead of market expectations.

For the fiscal fourth quarter, Nvidia reported profit of nearly $43 billion, translating into earnings of roughly $1.76 per share. The results underlined the company's ability to convert strong demand into outsized bottom-line growth.

Global Markets today

Asian markets opened higher on Thursday, tracking a strong overnight rally on Wall Street, though the upbeat mood faded as investors delivered a muted response to Nvidia Corp.'s optimistic sales outlook.

The MSCI Asia Pacific Index climbed 0.8% in early trade, reflecting gains across several regional markets. Hang Seng futures rose 0.7%, Japan's Topix rose 1.2%, Australia's S&P/ASX 200 rose 0.4%, and Euro Stoxx 50 futures rose 0.7%

US equity-index futures also edged lower during Asian hours after the chipmaker's forecast failed to excite investors, reinforcing concerns that expectations around the AI-driven growth cycle may already be stretched.

The cautious reaction suggested that fears of an overheated artificial intelligence economy continue to hang over the sector, even as Nvidia maintains strong growth visibility.

Overnight in the US, equity markets posted solid gains. The S&P 500 advanced 0.8%, while the technology-heavy Nasdaq 100 outperformed with a 1.4% rise, driven largely by strength in mega-cap tech stocks.

Report by Mint 

26/02/26, Nvidia is propelling the U.S. stock market upward on Wednesday, as investors anticipate the company's forthcoming profit report scheduled for release after trading hours.

The S&P 500 increased by 0.7%, recovering losses incurred earlier in the week amidst market volatility as investors assessed potential winners and losers in the artificial intelligence sector.

Market Performance Overview

The Dow Jones Industrial Average rose by 313 points, or 0.6%, by 12:45 p.m. Eastern time, while the Nasdaq composite surged by 1.1%.

Nvidia emerged as the leading contributor to this market surge, climbing 2.3%. Analysts project that Nvidia will report a staggering 70% increase in profits year-over-year, reaching approximately $37.52 billion, equating to over $400 million in daily earnings during the quarter ending January 25.

Nvidia's Role in the Market

Nvidia's profit reports have become a significant indicator for market trends, reflecting its status as Wall Street's largest stock and the growing influence of artificial intelligence on market dynamics.

In recent years, the excitement surrounding AI has driven stock prices to unprecedented levels, fueled by expectations that AI will transform the economy and enhance productivity.

Concerns Over AI Investment Returns

However, rising concerns have emerged regarding whether major companies, such as Alphabet and Amazon, are investing excessively in Nvidia chips and other technologies, potentially hindering their ability to achieve sufficient returns on these investments.

If these companies scale back their spending, it could adversely affect Nvidia's performance.

Investor Sentiment and Market Trends

Investors are increasingly scrutinizing companies that may face competition from AI-driven alternatives, leading to abrupt sell-offs in stocks viewed as vulnerable. This trend has affected diverse sectors, including software, logistics, and legal services.

These dynamics compound existing concerns, such as the new tariffs announced by President Donald Trump, which replace tariffs previously invalidated by the Supreme Court.

Expert Insights

Darrell Cronk, chief investment officer for Wealth & Investment Management at Wells Fargo, stated, "While those concerns are real, we believe investors would be wise to balance them out with offsetting trends that may be underappreciated in the current wall of worry headline cycle."

He noted the robust profit growth reported by U.S. companies at the end of 2025, which has provided support to segments of the U.S. stock market that have been overshadowed by the AI hype and large technology firms, including smaller company stocks.

Notable Stock Movements

Cava Group, a fast-casual Mediterranean restaurant chain, experienced a 24.6% surge after exceeding profit and revenue expectations for the latest quarter, marking its first fiscal year with revenue surpassing $1 billion, a 22.5% increase from the previous year.

Axon Enterprise saw a 17.1% increase following its report of higher-than-expected profit and revenue.

In contrast, First Solar faced a 12% decline after reporting weaker profits than anticipated, while Lowe's fell by 5.5%, becoming a significant drag on the market despite reporting better-than-expected profits, as investors reacted negatively to its profit forecast for 2026.

CEO Marvin Ellison indicated that the overall housing market remains under pressure, impacting rival Home Depot and homebuilders as well.

Global Market Trends

Internationally, stock indexes showed gains across much of Europe and Asia, with Japan's Nikkei 225 increasing by 2.2% and South Korea's Kospi rising by 1.9%.

In the bond market, the yield on the 10-year Treasury bond fell slightly to 4.03% from 4.04% late Tuesday.

26/02/26, US announced a preliminary countervailing duty of 125.87% on imports of certain Indian solar goods

Domestic solar companies Waaree Energies, Vikram Solar, and Premier Energies witnessed a steep fall in their share prices on Wednesday, February 25, after the US announced a preliminary countervailing duty of 125.87% on imports of certain Indian solar goods, alleging that these products are unfairly subsidised.

The new levy will add to the 10% overall tariffs announced by the Donald Trump administration on all countries from February 24.

At the close, Waaree Energies' share price stood at ₹2,705 on the NSE, down 10.53%. Premier Energies ended nearly 6% lower at ₹731.50, while Vikram Solar ended 5.66% lower at ₹174.90. Besides, Emmvee Photovoltaic Power shares ended at ₹207.50 apiece on the NSE, down 2.7%.

126% duty: What will be the impact?

Companies such as Vikram Solar, Waaree Energies, and Premier Energies said the US decision to impose countervailing duties on certain solar goods from India will have a limited impact on them.

What Vikram Solar said

Commenting on the move, Vikram Solar CMD Gyanesh Chaudhary said, "Our US order strategy was not structured around sourcing Indian cells; we already operate with a diversified supply chain for that market, including sourcing from geographies with lower tariff exposure. As a result, the direct financial impact on us is limited."

Besides, with the Cabinet's decision to ease evacuation infrastructure, the company expects domestic installation momentum to accelerate further, he noted.

Waaree Energies' statement

"At this stage, the company does not anticipate any material adverse impact on its ability to service its US order book," said Abhishek Pareek, Group Head, Finance, Waaree Energies.

The company said in the first nine months of FY26, it has continued to ramp up its shipments to the US even though the steep 50% duty was in force.

Premier Energies' statement

Vinay Rustagi, Chief Business Officer, Premier Energies, said, "Premier Energies has already reduced its share of exports in our business to almost nil, and there is no impact of any US duties on our business."

He said that exports to the US fell more than 50% in 2025 and are currently estimated at only about 5-7% of total production.

The imposition of countervailing duty has, therefore, no material impact on us, the CFO added.

What other companies said

Emmvee Photovoltaic Power Ltd also said in a statement that there is no impact on its business operations due to the latest duty, as the company's integrated solar cell and module manufacturing is primarily aligned with the domestic demand.

With a strong focus on the Indian market and domestic consumption of its cell output, the company remains insulated from external trade developments, it explained.

Tarun Padhi, Senior VP-Operations, Datta Power Infra Private Limited, said the additional levy on Indian solar imports may slow exports and push excess production into the domestic market, increasing price competition.

"However, the impact could vary from manufacturer to manufacturer, as many domestic manufacturers are importing cells from low-duty countries and assembling panels in India for export," he said.

What rating agencies said

ICRA

According to rating agency ICRA, the countervailing duty and the growing regulatory uncertainty in the USA are likely to dampen export volumes from India and hit Indian manufacturers' profitability.

"…countervailing duties and the growing regulatory uncertainty in the USA are likely to dampen export volumes from India, which were around 3 GW for the last calendar year, potentially exerting pricing pressures on domestic OEMs and thus can impact the profitability of the solar module manufacturers," said Ankit Jain, Vice President & Co Group Head - Corporate Ratings, ICRA Ltd.

Jain pointed out that the Indian market is already oversupplied with solar module manufacturing capacity at more than 140 GW as of the date, which is expected to increase to over 165 GW by March 2027.

Crisil

Sehul Bhatt, Director, Crisil Intelligence, said the latest move by the US Commerce Department will have a negative impact on export-focused manufacturers.

India exported cells and modules worth around ₹340 billion to the US between April 2023 and November 2025. This was supported by the lower cost of Indian modules compared with those made in the US, both using imported cells - an advantage that the duties will erode.

According to Bhatt, three factors are at play here. First, the US accounts for more than 95% of India's solar cell and module exports, as seen over the past three quarters.

Second, modules imported from India will now become expensive by at least 30% compared to those made in the US, making Indian products unviable.

Third, the announcement comes at a time when Indian players have planned healthy capacity expansion over the next three years. Given the tariff uncertainty over the past year or so, a few Indian companies have strategised expansion outside India, which cushions them from this increased duty.

"Overall, we believe the duties will create volatile trade patterns for exports from India till final determinations of the rates, scheduled in July 2026, forcing the companies to navigate limited market opportunities amid supply addition," Bhatt said

Report by Upstox

 source: Dailyhunt

25/02/26, PostMarket REPORT

 Benchmark indices Sensex and Nifty significantly fell from day's highs on February 25 amid massive profit booking and closed marginally higher.

Sensex closed 50.15 points or 0.06% higher at 82,276.07, and the Nifty climbed 57.85 points or 0.23% at 25,482.50. About 1,966 shares advanced, 2,064 shares declined, and 161 shares were unchanged. Sensex fell nearly 700 points from day's high while Nifty ended below the psychologically important 25,500-mark. Sensex touched intraday high of 82,957.91 while that of Nifty was 25,652.6.

Bajaj Auto rose nearly 3% and was the top gainer in the 50-stock index. Shares of Tata Steel, HCL Technologies, and Shriram Finance rose over 2% each and were the other top gainers. Information technology shares stayed higher. Tata Consultancy Services, Infosys, Wipro, and Tech Mahindra were around 1% higher each. Shares of automobile companies Mahindra & Mahindra, Maruti Suzuki India, Tata Motors Passenger Vehicles, and Eicher Motors rose around 1-2%.

In contrast, ITC, Kotak Mahindra Bank, and Tata Consumer Products were the worst hit stocks. They were down over 1% each. Shares of Bajaj Finance, Bharti Airtel, UltraTech Cement, and Oil and Natural Gas Corp. declined. These select stocks were down around 1% each.

Mahindra & Mahindra Financial Services was the top performing stock in the Nifty 200 index. It was up nearly 5%. Shares of Hero MotoCorp, National Aluminium Corp., and Vedanta rose over 4% to be among the top gainers in the index. In the Nifty 500 index, Concord Biotech rose 13% to be the top gaining stock.

Waaree Energies, Premier Energies, and Indian Railway Finance continued to be the worst hit stocks in both the Nifty 200 and Nifty 500 indices. These stocks were down 4-11%.

Three reasons behind market decline:

1. Profit booking

Profit booking was seen in the markets after they rallied nearly 0.9% in morning trade on February 25.

"Amid ongoing global uncertainty and heightened volatility, traders are advised to maintain a disciplined and selective approach, focusing on fundamentally strong stocks during corrective phases. Fresh long positions should preferably be initiated only after a decisive and sustained breakout above 25,800 on the Nifty, which would indicate improved market sentiment and confirm the emergence of a stronger bullish structure," said Hitesh Tailor, Research Analyst, Choice Equity Broking Private Limited.

Bank Nifty fell 0.7% from day's high while Nifty IT fell 1% from intraday high of over 2%.

2. FII selling resumes

FII selling resumed on February 24 with institutional activity on February 24 showing Foreign Institutional Investors (FIIs) as net sellers, with equity outflows of Rs 102 crore, whereas Domestic Institutional Investors (DIIs) provided strong market support through net purchases of ₹3,161 crore.

3. Technical level

Nifty failing to rise above 25,670 could be a reason for sell on rise being seen in markets.

"We will look for consistent trades above 25.670 to confirm strength, aiming 25.900 initially. But, inability to float above 25530 could signal lack of upside momentum," said Anand James, Chief Market Strategist, Geojit Investments Limited.

"We are of the view that the intraday market texture is weak, but a fresh selloff is possible only after the market breaches the 200-day Simple Moving Average (SMA) or 25,300/82,000. If the market manages to trade above this level, it could bounce back to 25,500-25,650/82,500-82,800. Conversely, if it falls below 25,300/82,000, it could slip to 25,150-25,050/81,400-81,200. The current market texture is volatile; hence, level-based trading would be the ideal strategy for day traders," said Shrikant Chouhan, Head Equity Research, Kotak Securities.

Report by J. Jagannath of Network18