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Published on 26-02-2026 06:31 pm

Below the Quote on market wrap 26rd Feb 2026 from Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd

"Markets traded with volatility on Thursday and ended almost unchanged amid mixed cues, largely extending the prevailing corrective phase. The Nifty opened above the 25,500 mark, supported by gains in IT stocks and positive momentum from global indices. However, it oscillated in a narrow range throughout the session and eventually settled at 25,496.55.

Sectoral movement remained mixed. Pharma, auto and metal emerged as the top gainers, while financials and FMCG traded subdued. A similar trend was visible in the broader market as well, where the midcap index edged higher while the smallcap index closed almost flat, indicating selective participation beyond the benchmark indices.

Supportive global developments, including a recovery in global markets—especially the US—and continued strength in overseas technology stocks, helped ease some of the downside pressure seen earlier. However, the overall mood remained cautious in the absence of fresh positive triggers, along with lingering concerns related to trade developments and geopolitical tensions.

The Nifty’s ability to hold above the 25,400 level suggests that support remains intact. However, the risk of further correction could persist until the index decisively surpasses the immediate hurdle at 25,600. In the current environment of intermittent volatility and selective buying, participants are advised to maintain a stock-specific approach, focus on sectors showing relative strength, and adhere to disciplined risk management."

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Published on 26-02-2026 06:30 pm

Below the Quote on Market Quote 26th February 2026 from Vinod Nair, Head of Research, Geojit Investments Limited

The domestic market surrendered its early gains amid mixed global cues and increased caution ahead of the US–Iran nuclear talks, as well as key data releases including US initial jobless claims and India’s GDP print, which triggered profit booking. As the session progressed, investors rotated towards non-cyclical pockets such as pharma and healthcare, while defence stocks gained on optimism over potential India–Israel tech-transfer initiatives. Sentiment recovered in late trade following reports of meetings between Indian and US commerce officials, which rekindled hopes of progress in bilateral trade negotiations and made the market close flat.     

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Published on 26-02-2026 06:29 pm

DerivativeOutlook:

* Nifty future closed positive with gains of 0.03% at 25637 levels. Positive setup seen in Fortis, Bank of Baroda, BEL, CG Power, Shriram Finance, Lupin, Eicher Motors, Motherson, SBIN and Sun Pharma while weakness in CDSL, Lodha, Muthoot Finance, Eternal, Asian Paints, CAMS, Coforge, Dixon, Kfin Technologies and Hudco.

* On option front, Maximum Call OI is at 25500 then 25600 strike while Maximum Put OI is at 25500 then 25400 strike. Call writing is seen at 25500 then 25600 strike while Put writing is seen at 25400 then 25450 strike. Option data suggests a broader trading range in between 25000 to 26000 zones while an immediate range between 25300 to 25700 levels.

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Published on 26-02-2026 06:29 pm

TechnicalOutlook:

* Nifty index opened positive but failed to hold its opening highs of 25570 zones and drifted lower in the first half of the session. It recovered from 25400 zones and closed in marginal gains. Index has been hovering in a choppy manner and fresh follow up buying is required for momentum to continue. It formed a bearish candle on the daily frame with long lower shadow indicating support based buying is intact. Now it has to cross and hold above 25500 zones for strength to rebuild towards 25650 then 25750 zones while supports can be seen at 25350 then 25250 zones.

* S&P BSE Sensex index opened on positive note and traded within a narrow range of nearly 250 points during the first two hours of session. However, it later broke this range and witnessed profit booking towards 81950 zones. In the last hour index saw some recovery helping it to close on flattish note. On the daily chart, it formed a small bodied candle with longer lower shadow indicating buying interest at lower levels. However, follow up buying will be required to resume upward momentum. Now it has to cross and hold above 82500 zones for strength to rebuild towards 82700 then 83000 zones while supports can be seen at 82000 then 81700 zones.

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Published on 26-02-2026 06:28 pm

Nifty

* Equity Benchmark Nifty ended marginally higher as investors maintained a cautious stance ahead of the outcome of the US–Iran nuclear talks and amid lingering concerns over global trade disruptions. The index closed 14 points higher at 24,497, remaining below the 25,500 mark, after slipping nearly 200 points from its intraday high of above 25,570. Profit booking at higher levels capped the upside, although stock-specific action kept the market active.

* Defence stocks emerged as the top gainers following expectations that Prime Minister Narendra Modi’s visit to Israel could formalize defence deals worth $8.6 billion. The Nifty India Defence index rose 1.5%, led by gains in Data Patterns, Solar Industries India, Bharat Electronics Limited, Bharat Dynamics Limited, and ideaForge Technology, which advanced between 2% and 5%.

* PSU banking stocks saw renewed buying interest in the final hour of trade. Jammu & Kashmir Bank surged 8% to hit a 52-week high of ?121 after reporting strong quarterly results. Bank of Baroda gained 3% to close at a record high of ?324 following a rating upgrade by a global agency. The Nifty PSU Bank index ended 1% higher.

* The Nifty Auto index added 1% ahead of the release of February auto sales data. Globally, US markets rose over 1% overnight, while most Asian indices advanced after betterthan-expected earnings from Nvidia helped ease investor concerns surrounding the artificial intelligence boom.

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