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Trendlyne Marketwatch
25 Feb 2026
Market closes higher, supported by a rebound in IT stocks & positive global cues
By Trendlyne Analysis

 

Nifty 50 closed at 25,482.50 (57.9, 0.2%), BSE Sensex closed at 82,276.07 (50.2, 0.1%) while the broader Nifty 500 closed at 23,403.80 (99.2, 0.4%). Market breadth is holding steady. Of the 2,752 stocks traded today, 1,314 were on the uptrend, and 1.372 went down.

Indian indices closed in the green, supported by a rebound in IT stocks and positive global cues. The Indian volatility index, Nifty VIX, declined 4.7% and closed at 13.5 points. Solar power stocks like Premier Energies, Waaree Energies and Vikram Solar fell sharply as the US Commerce Department imposed a 126% preliminary duty on solar imports from India. The department cited unfair manufacturing subsidies as the basis for the tariff.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the green, following the benchmark index. Nifty Metal and BSE Metal were among the top index gainers today. According to Trendlyne’s Sector dashboard, Hardware Technology & Equipment emerged as the best-performing sector of the day, with a rise of 4.1%.

Asian indices closed mixed, while European indices are trading in the green. US index futures traded higher, indicating a positive start to the trading session. Donald Trump’s decision to impose a lower-than-expected 10% import tariff offered investors some reassurance about his trade stance, particularly after the Supreme Court of the US invalidated a large portion of his tariffs last week. Meanwhile, HP slid 6.1% following a weaker-than-anticipated outlook for 2026, citing pressure from US trade policies and rising memory chip costs.

  • Relative strength index (RSI) indicates that stocks like KPIT Technologies, MphasiS, and LTIMindtree are in the oversold zone.

  • Aditya Infotech rises sharply as promoters Hari Khemka Business Family Trust and Rishi Khemka plan to sell 23.6 lakh shares (up to a 2% stake) to meet SEBI’s public shareholding norms. Promoter holding currently stands at about 76.7%.

  • Geojit BNP Paribas upgrades NTPC to a 'Buy' call from 'Hold', with a higher target price of Rs 416 per share. This indicates a potential upside of 7.7%. The brokerage believes that the company's focus on advancing renewable energy and energy storage will enhance system flexibility and generation fuel balance, in turn improving profitability. It expects the firm to deliver a revenue CAGR of 6.1% over FY26-28.

  • Embassy Office Parks REIT is rising as PPFAS Mutual Fund acquires 56.3 crore shares worth Rs 2,364.5 crore through a bulk deal at an average price of Rs 420 per share. Small Cap World Fund, American Funds Global Balanced Fund, Capital Income Builder, Kotak Performing RE Credit Strategy Fund, and Apac Co XXIII were the sellers.

  • CLSA reiterates an 'Outperform' rating on Tata Consultancy Services (TCS) with a target price of Rs 2,686. The brokerage says that despite short-term concerns around AI and discretionary tech spending, business for system integrators such as TCS remains largely business as usual. It adds that SaaS implementation continues to be a key growth driver, supported by steady demand for enterprise automation and workflow transformation.

  • Vikram Solar secures an order from NTPC Green Energy to supply 378.8 MW of solar modules. The modules will be used for a 600 MW solar project undertaken by a joint venture between NTPC and Indian Oil Corp.

  • Capillary Technologies India is rising as it plans to acquire SessionM, the customer engagement and loyalty company, from Mastercard for $20 million (~Rs 182 crore) to strengthen its footprint in North and Latin America.

  • Nisus Finance expands its UAE real estate portfolio with an investment of Rs 247 crore in residential apartments in Dubai.

  • Morgan Stanley economist Chetan Ahya expects India’s nominal GDP to rise to 10–10.5% in 2026, driven by easing inflation, rising domestic demand, and a global industrial recovery. He also sees US–India tariff tensions largely resolved, and sees other trade deals providing stability, supporting a rebound in non-tech exports as growth improves across the US, Europe, and Asia.

  • VIP Industries is falling as the Assistant Commissioner of State Tax initiates an inspection and search under the Maharashtra Goods and Services Tax Act at the company’s registered office and Nashik manufacturing unit.

  • Schaeffler India is rising sharply as its Q3FY26 net profit jumps 35.9% YoY to Rs 322.4 crore, owing to lower inventory expenses. Revenue grows 27.5% to Rs 2,767.5 crore, led by improvements across its businesses. It features in a screener of stocks with increasing profits over the past four quarters.

  • Coforge is rising as it secures a contract worth $158 million (~Rs 1,436.9 crore) over the next five years from a UK-based client.

  • India’s leading financial institutions, including LIC and mutual funds, face heavy losses as the NIFTY IT drops around 21% in February. Concerns that AI could disrupt the traditional IT outsourcing model have hurt sentiment, with analysts questioning long-term growth for major IT firms. Jefferies analyst Akshat Agarwal said IT stocks carry more downside risk than upside, cutting price targets by up to 33%, lowering earnings estimates by 1–4%, and issuing multiple downgrades.

  • Emkay maintains its 'Buy' call on Steel Authority of India, with a higher target price of Rs 200 per share. This indicates a potential upside of 20.4%. The brokerage believes that inventory destocking, richer product mix, coal blending efficiencies and stronger domestic prices will drive the company's profitability higher. It expects the firm to deliver a net profit CAGR of 38.3% over FY26-28.

  • Larsen & Toubro is rising as its power transmission & distribution (PT&D) business secures orders worth Rs 5,000–10,000 crore to build electricity grid systems in India and overseas.

  • Afcons Infrastructure falls to its 52-week low of Rs 294.5 per share as a client terminates its EURO 113 million (~Rs 1,212.4 crore) order to construct and upgrade a road.

  • SpiceJet falls by 10% as 12.9 crore shares (8.4% equity) in the company reportedly change hands via multiple block deals. Buyers or sellers in the transaction are not known yet.

  • Indian Railway Finance Corp is falling as its promoter, the Government of India, plans to sell up to 4% stake at a floor price of Rs 104 per share through an offer for sale (OFS).

  • 5Paisa Capital's board of directors approves raising Rs 475 crore through the rights issue of equity shares.

  • Biocon receives US FDA approval for its Liraglutide injection formulation. Liranglutide is a device-drug combination used for chronic weight management and had a market size of $127 million in 2025, according to IQVIA.

  • BofA Securities upgrades Vedanta to a 'Buy' rating with a higher target price of Rs 840. The upgrade follows BofA’s optimistic outlook on aluminium, firm silver prices, and an attractive dividend yield of around 6%. The brokerage also notes that substantial deleveraging at the parent company reduces the likelihood of any hike in the brand-fee rate on inter-corporate loans.

  • Solar power stocks like Premier Energies, Waaree Energies and Vikram Solar are falling sharply as the US Commerce Department imposes a 126% preliminary duty on solar imports from India. The department cites unfair manufacturing subsidies as the basis for the tariff.

  • HG Infra Engineering is rising sharply as it secures an order worth Rs 1,827.3 crore from the National Highways Authority of India (NHAI) to construct a six-lane road in Odisha.

  • Lupin rises to a 52-week high of Rs 2,270 as it receives US FDA approval for its abbreviated new drug application (ANDA) for Brivaracetam Oral Solution. The drug treats partial-onset seizures in patients aged one month and older. It had sales of around $135 million in the 12 months ending December 2025, according to IQVIA.

  • Rail Vikas Nigam is rising as it receives an order worth Rs 270.2 crore from Central Railway for traction power system work on the Daund–Solapur section to help meet the 3,000 metric tonne loading target.

  • Nifty 50 was trading at 25,565.85 (141.2, 0.6%), BSE Sensex was trading at 82,618.92 (393, 0.5%), while the broader Nifty 500 was trading at 23,428.15 (123.6, 0.5%).

  • Market breadth is highly positive. Of the 2,238 stocks traded today, 1,632 were gainers and 532 were losers.

Riding High:

Largecap and midcap gainers today include Lloyds Metals & Energy Ltd. (1,251.80, 7.5%), Mankind Pharma Ltd. (2,155.70, 4.9%) and Vedanta Ltd. (727.80, 4.7%).

Downers:

Largecap and midcap losers today include Waaree Energies Ltd. (2,708.50, -10.4%), Indian Railway Finance Corporation Ltd. (104.56, -4.5%) and Adani Power Ltd. (140.54, -2.6%).

Crowd Puller Stocks

21 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Concord Biotech Ltd. (1,230.90, 14.4%), Jindal Saw Ltd. (188.21, 7.1%) and TVS Holdings Ltd. (15,151, 5.8%).

Top high volume losers on BSE were Waaree Energies Ltd. (2,708.50, -10.4%), Premier Energies Ltd. (729.40, -6.1%) and Indian Railway Finance Corporation Ltd. (104.56, -4.5%).

Usha Martin Ltd. (425.75, 4.9%) was trading at 35.0 times of weekly average. Star Health and Allied Insurance Company Ltd. (467.85, 2.7%) and Schaeffler India Ltd. (4,264.40, 4.4%) were trading with volumes 17.3 and 12.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

32 stocks overperformed with 52 week highs, while 22 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Adani Ports & Special Economic Zone Ltd. (1,528.70, -1.7%), Ajanta Pharma Ltd. (3021.30, 2.5%) and Astral Ltd. (1,683.20, 1.2%).

Stocks making new 52 weeks lows included - Abbott India Ltd. (26,410, 0.2%) and BASF India Ltd. (3,526.50, -0.1%).

17 stocks climbed above their 200 day SMA including Gabriel India Ltd. (1,011.60, 4.7%) and Schaeffler India Ltd. (4,264.40, 4.4%). 5 stocks slipped below their 200 SMA including Welspun Living Ltd. (127.09, -5.3%) and Bharti Airtel Ltd. (1,913.40, -1.4%).

 
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