Quote on Markets 17th February 2026 by Mr. Vikram Kasat, Head Advisory, PL Capital
Below the Quote on Markets 16th February 2026 by Mr. Vikram Kasat, Head Advisory, PL Capital
"Sensex Jumps 650 Points, Nifty Reclaims 25,680 as Banks and Energy Lead
Indian equity benchmarks snapped a two-session losing streak on Monday as banking and energy stocks staged a strong recovery. Despite weak global cues and continued pressure on IT shares, late buying pushed the Sensex up 650 points and lifted the Nifty above 25,680.
Indian equity markets ended sharply higher on Monday, recovering from early losses as strong buying in banking and energy stocks triggered a late-session rally.
The BSE Sensex surged 650.39 points, or 0.79%, to close at 83,277.15, near the day’s high. The Nifty 50 climbed 211.65 points, or 0.83%, to settle at 25,682.75.
Markets had opened on a weak note, tracking negative global cues and lingering concerns around AI-led disruption in the IT sector. However, steady accumulation in heavyweight banking and power names helped benchmarks reverse course in the second half.
Banking majors spearheaded the rally, with strong gains in private lenders and select PSU names. Energy and power stocks also saw renewed buying interest.
Within the Nifty 50, Power Grid Corporation of India, Coal India, HDFC Bank and Axis Bank were among the top gainers, driven by strong buying in banking and energy stocks.
On the other hand, Tech Mahindra, Wipro, Infosys and Bajaj Finance were among the top losers, as IT and select financial stocks remained under pressure.
The IT pack extended its recent weakness amid continued anxiety around AI automation and potential margin pressures.
Shares of Wipro, Infosys, and Tech Mahindra traded lower, limiting broader upside.
The sector has faced sustained selling in recent sessions as investors reassess growth visibility amid rapid advancements in artificial intelligence.
While frontline indices saw a strong recovery, broader markets posted modest gains.
The Nifty Midcap 100 rose 0.5%, while the Nifty Smallcap 100 edged up 0.11%, indicating selective participation beyond large-cap stocks.
For the week ahead, Investors will track global cues, developments in the technology space, and stock-specific triggers for further direction."
Above views are of the author and not of the website kindly read disclaimer
