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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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