..... . VALI disclosures . .....: 22/02/26, Market News & Out Look:- NIFTY and SENSEX ended the week with modest gains of 0.3%, despite ongoing volatility, weak IT stocks, and uncertainty surrounding global tariffs.

Sunday, February 22, 2026

22/02/26, Market News & Out Look:- NIFTY and SENSEX ended the week with modest gains of 0.3%, despite ongoing volatility, weak IT stocks, and uncertainty surrounding global tariffs.

The indices witnessed cautious optimism and traded in a narrow range. However, the IT sector's ongoing weakness restrained the overall upward momentum.

Market volatility also remained elevated because of global geopolitical developments, fluctuations in oil prices, and changes in U.S. trade policy. On Friday, the U.S. Supreme Court overturned President Donald Trump's trade tariffs imposed under IEEPA. However, President Donald Trump said that, after a detailed review of court's decision, he would raise the worldwide tariff to 15% percent. This comes after he approved 10% global tariff on imports from all countries on Friday.

Sectoral performance was mixed during the week. The PSU Bank index led the gains with a climb of 5.5% followed by the Energy index with a rise of 2.4% and the FMCG index with an increase of 1.7%. Meanwhile, the Pharma and Defence indices each posted modest gains of around 1%. In contrast, the Auto and IT indices underperformed, falling between 1.3 and 2.5 % during same period.

Spotlight: Crude oil futures sustained the overall uptrend, but prices are currently facing resistance near the 6,100-6,150 zone. The chart structure is supported by rising 21-day and 50-day EMAs, which signals that the broader momentum is still positive. Unless crude breaks its 50-day EMA on a closing basis, it may sustain the bullish trend. Reflecting the move in crude, upstream oil producers such as ONGC and Oil India rallied over 4%, as higher crude prices directly improve their realizations and earnings outlook.

️Key events in focus: In the US key economic data and corporate earnings that could shape sentiment are US Initial Jobless claims and earnings of Nvidia. The jobless claims will be released on 21 February. The previous reading showed claims falling sharply to 2,06,000, well below expectations, signalling continued strength in the labour market. Meanwhile, earnings of Nvidia on Wednesday will allow investors to look for fresh signals on the strength and sustainability of the artificial intelligence-driven rally.

Meanwhile, in India, fourth quarter GDP numbers will be released on Friday. The Indian economy expanded by 8.2% in the third quarter, up from 7.8%, reflecting strong growth and momentum.

Market breadth

NIFTY's market breadth moderated this week mildly, with the percentage of NIFTY50 stocks trading above their 50-day moving average from 60% to 58%. The decline is marginal and suggests mild cooling rather than a structural deterioration in participation. While the broader tone remains stable, sustaining breadth above the 60% zone would be important to support further upside momentum.

FIIs cash market and derivatives

Foreign Institutional Investors (FIIs) activity in the cash market remain muted in the month of February and have sold shares worth ₹2,011 crore. Meanwhile, Domestic Institutional Investors (DIIs) supported the markets and have purchased shares worth ₹14,111 crore.

In the derivatives segment, the long-to-short ratio of FIIs in index futures cooled from 20:80 to 25:75 as the FIIs gradually reduced the short contracts in index futures. Additionally the net open interest of the FIIs in index futures dropped 8% to 1.33 lakh contracts (-ve), indicating covering of some short contracts.

NIFTY50 outlook

NIFTY50 index protected the immediate support zone of 25,400 and 25,350 on the closing basis and failed to confirm the bearish engulfing candle on the daily chart, formed on 19 February. After rebounding towards the 21-day and 50-day exponential moving averages (EMAs), the index faced resistance around these levels and failed to capture on these zones on a closing basis. In the short-term, the index is trading between the immediate swing high (25,885), which will act as a resistance. On the flip side, the immediate support is around the 25,400 and 25,350 zone. A break of this range on a closing basis will provide further clues.

source: Upstox

Disclaimer:

Derivatives trading must be done only by traders who fully understand the risks associated with them and strictly apply risk mechanisms like stop-losses. The information is only for consumption by the client, and such material should not be redistributed. We do not recommend any particular stock, securities, or trading strategies. The securities quoted are exemplary and not recommendatory. The stock names mentioned in this article are purely to show how to do analysis. Make your own decision before investing.

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Trade Cycles

The four important features of Trade Cycle are (i) Recovery, (ii) Boom, (iii) Recession, and (iv) Depression!

The trades cycle or business cycle are cyclical fluctuations of an economy. A full trade cycle has got four phases: (i) Recovery, (ii) Boom, (iii) Recession, and (iv) depression. The upward phase of a trade cycle or prosperity is divided into two stages—recovery and boom, and the downward phase of a trade cycle is also divided into two stages—recession and depression.

Phases of Trade Cycle:

The phases of trade cycle are explained with a diagram:

(1) Recovery:

In the early period of recovery, entrepreneurs increase the level of investment which in turn increases employment and income. Employment increases purchasing power and this leads to an increase in demand for consumer goods.

As a result, demand for goods will press upon their supply and it shall, thereby, lead to a rise in prices. The demand for consumer’s goods shall encourage the demand for producer’s goods.

The rise in prices shall depend upon the gestation period of investment. The longer the period of investment, the higher shall be the price rise. The rise of prices shall bring about a change in the distribution of income. Rent, wages, interest do not rise in the same proportion as prices.

Consequently, the margin of profit improves. The wholesale prices rise more than retail prices. The prices of raw materials rise more than the prices of semi-finished goods and the prices of semi-finished goods use more than the prices of finished goods.

(2) Boom:

The rate of investment increases still further. Owing to the spread of a wave of optimism in business, the level of production increases and the boom gathers momentum. More investment is possible only through credit creation. During a period of boom, the economy surpasses the level of full employment and enters a stage of over full employment.

(3) Recession:

The orders for raw materials are reduced on the onset of a recession. The rate of investment in producers’ goods industries and housing construction declines. Liquidity preference rises in society and owing to a contraction of money supply, the prices falls. A wave of pessimism spreads in business and those markets which were sometime before sellers markets become buyer’s markets now.

(4) Depression:

The main feature of a depression is a general fall in economic activity. Production, employment and income decline. The prices fall and the main factor responsible for it is, a fall in the purchasing power.

The distribution of national income changes. As the costs are rigid in nature, the margin of profit declines. Machines are not used to their full capacity in factories, because effective demand is much less. The prices of finished goods fall less than the prices of raw materials.

✳Reality Tips to Traders

1)Trading in the stock market is a marathon. 2)Protecting your capital is key. (Learn to protect first) 3)Making 0 on the day is better than losing 50k 4)Losses happen; they are part of this business. 5)It’s not you vs. the market. It’s you VS you. 6)You are your biggest enemy; learn to be mentally disciplined. 7)Don’t follow the majority; follow the correct path. 8)Traders without a stop loss end up not being traders for long. 9)There is always another trade. 10)The big money is made waiting for the right set-ups. 11)Waiting for the right trade is the most powerful strategy. 12)It is better to cut a loss than to wait to be proven right. 13)Position sizing can make or break you. 14)Worry about the downside before you even think about the upside. 15)Don’t listen to headlines

..BANKING TERMINOLOGY

There are various types of Banks: PSU Banks, Private Banks, Co-operative/Regional Banks, Small Finance Banks and Foreign Banks. When you deposit money in a bank, let's say the bank gives you an interest rate of 4%. But when the bank lends out this money, they lend it out at say, 12%. The difference of 8% in the above scenario is effectively the profit of the bank! The loans that do not pay interest for 90 days are known as Non-performing Assets. Banks have to provide for such bad loans. Structure of a Bank Asset for a Bank: The asset portion of a bank's capital includes cash, government securities, and interest-earning loans (e.g., mortgages, letters of credit, and inter-bank loans). Liabilities for a Bank: The bank's main liabilities are its capital (including cash reserves and, often, subordinated debt) and deposits. The latter may be from domestic or foreign sources (corporations and firms, private individuals, other banks, and even governments). Banks are required to maintain Liquidity with the Reserve Bank of India: SLR (Statutory Liquidity Ratio): It is the money a bank needs to preserve in the form of cash, gold or government Bonds before providing credit customers. This limitation is added by RBI on banks to make funds available to customers on-demand at your earliest convenience. Banks are required to maintain SLR at 18%. CRR (Cash Reserve Ratio): Banks are required to hold a certain proportion of their deposits in the form of cash. Banks don’t hold these as cash with themselves, but deposit such amounts with RBI / currency chests. CRR rate is at 4.5% currently. Repo Rate: The rate at which the RBI lends short-term money to the banks. The RBI through its Monetary Policy committee changes the repo rate to balance growth and Inflation. Reverse Repo rate: The rate at which banks park their short-term excess liquidity with the RBI. Now let us understand various terminologies for Banks Net Interest Income (NII): This is the spread the bank makes on its lending. It is calculated as Interest Income – Interest Expended Net Interest Margin (NIM): This is the spread the bank makes on its lending. It is the earning which is left after deducting the cost paid to depositors from its yields on Loans. This is denoted in % terms. The formula is Yield on Loans – Cost of funds Capital Adequacy Ratio (CAR): The capital adequacy ratio (CAR) is a measure of a bank's available capital expressed as a percentage of a bank's risk-weighted credit exposures. Essentially, it is the Capital that is available to lend. Tier I Capital – In simple words this capital is freely available with the bank to lend out. Tier II Capital- This is the capital tied up somewhere and is less freely available to lend. In case of an adverse event, the bank can use this capital to lend. Under Basel III norms, a bank’s tier 1+tier 2 capital must be a minimum of 8% of its risk-weighted holdings. The minimum capital adequacy ratio, also including the capital conservation buffer, is 10.5%. Current Account Saving Account (CASA)- There is no interest paid on the Current Account and a small interest rate is paid on a savings account. The combination of both is called CASA which shows the liabilities of the bank on which it pays relatively less interest. Deposits: Bank deposits are a savings product that customers can use to hold an amount of money at a bank for a specified length of time. In return, the financial institution will pay the customer the relevant amount of interest, based on how much they choose to deposit and for how long. Now let us come to NPA. Gross NPA (GNPA): It is the total loans on which no payment has been paid for 90 days or more. GNPA % is usually shown in each Bank’s quarterly results. The percentage is basically the GNPA amount as a % of the total advances. Slippages: Slippages denote the fresh amount of loans that have turned bad in a year. The slippage ratio of a bank is calculated as Fresh accretion of NPAs during the year /Total standard assets at the beginning of the year multiplied by 100. Provisioning Coverage Ratio (PCR): This is the ratio of provisioning to GNPA and indicates the extent of funds a bank has kept aside to cover loan losses. For Instance, a company has GNPAs of Rs 100 and they have set aside 50 Rs, then the PCR is 50%. Net NPA (NNPA): The total figure left after deducting provisions made for bad loans from GNPA. (GNPA – Provisions+upgrades/writeoffs = NNPA) Special Mention Account (SMA) SMA-0 is a category in which stress with respect to the principal and interest has remained overdue for a period of 0 to 30 days. SMA-1 is a category in which stress with respect to the principal and interest has remained overdue for a period of 30-60 days. SMA-2 is a category in which stress with respect to the principal and interest has remained overdue for a period of 60-90 days

..... . VALI disclosures . .....

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Sunday, February 22, 2026

22/02/26, Market News & Out Look:- NIFTY and SENSEX ended the week with modest gains of 0.3%, despite ongoing volatility, weak IT stocks, and uncertainty surrounding global tariffs.

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Today's

23/02/26, Adani Ports share price: Shares of Adani Ports and Special Economic Zone (APSEZ) surged as much as 3.51% to an intraday high of ₹1,564.50 per unit on the National Stock Exchange (NSE) on Monday, February 2023.

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