BSE 100

Sensex rose 650 points, Nifty closed above 25,650 after rebound, Power, energy, realty stocks led gains; media, auto declined, Over 200 stocks hit 52-week lows despite market recovery

* Sensex rose 650 points, Nifty closed above 25,650 after rebound
* Power, energy, realty stocks led gains; media, auto declined
* Over 200 stocks hit 52-week lows despite market recovery

Indian benchmark indices ended higher on February 16, snapping a two-day losing streak. Nifty closed above 25,650, driven by gains in power, energy, realty, and financial stocks. Sensex rose 650 points; broader markets lagged. Several stocks hit 52-week lows.

shorts/business/taking-stock-market-rebounds-after-2-day-slide-nifty-tops-25-600-sensex-gains-650-pts

* Sensex rose 650 points, Nifty closed above 25,650 after rebound
* Power, energy, realty stocks led gains; media, auto declined
* Over 200 stocks hit 52-week lows despite market recovery

Indian benchmark indices snapped their two-day losing streak and ended higher in a volatile session on February 16, with the Nifty finishing above the 25,650. The rebound was driven by strong buying interest in power, energy, realty, and financial stocks, which helped lift overall market sentiment despite intraday fluctuations.

Amid mixed global cues, benchmark indices opened on a weak note, dragging the Nifty below the 25,400 mark in early trade. However, the market staged a smart rebound in the initial hours, supported by strong buying interest. The momentum gathered pace throughout the session, helping the index scale near to 25,700 before settling near the day’s peak at close.

At close, the Sensex was up 650.39 points or 0.79 percent at 83,277.15, and the Nifty was up 211.65 points or 0.83 percent at 25,682.75.

Broader markets lagged the benchmarks, as the Nifty Midcap index gained 0.5 percent, while the Smallcap index closed largely unchanged.

Also Read - <a href="https://www.moneycontrol.com/news/business/companies/13829579-13829579.html">Merger involving $61 billion of debt to help India credit market</a>

Biggest Nifty gainers included Power Grid Corporation, Coal India, HDFC Bank, Adani Enterprises and Max Healthcare, while losers were Tech Mahindra, Bajaj Finance, Maruti Suzuki, Eicher Motors and Tata Motors Passenger Vehicles.

On the sectoral front, Power, PSU Bank, Realty, Private Bank, Infra, capital goods, energy indices gained 1-2 percent, while media and auto shed 0.5-1%.

Also Read - <a href="https://www.moneycontrol.com/news/business/mutual-funds/generative-ai-fears-trigger-rs-50-000-crore-notional-loss-for-mfs-13828943.html">Generative AI fears trigger Rs 50,000 crore notional loss for MFs</a>

In stock specific actions, Ola Electric Mobility share price shed nearly 7% despite Q3 losses narrow, Shakti Pumps India shares plunged 11% as Q3 profit slips 69%, Natco Pharma shares gain most in 11 weeks on CDSCO approval for Semaglutide, Precision Wires India share price rose 15% after profit jumps 98%, Azad Engineering shares added 4.5% as Q3 profit jumps 44%, Torrent Pharmaceuticals shares jumped 4% on better Q3 earnings, Easy Trip Planners shares surged 20% on plan to raise capital up to Rs 500 crore, GMR Airports shares gain most in 2-month as Q3 revenue rises 50%, National Fertilizers and Akums Drugs shares rose 4-6% post better Q3 results.

Also Read - <a href="https://www.moneycontrol.com/news/business/markets/bse-groww-other-capital-market-stocks-fall-up-to-9-5-as-rbi-tightens-broker-lending-norms-13829365.html">BSE, Groww, other capital market stocks fall up to 10% as RBI tightens broker lending norms</a>

More than 200 stocks touched their 52-week low, including Brainbees Solutions, Blue Jet, Ola Electric, Inox Wind, C. E. Info, Cello World, Vedant Fashions, Newgen Software, Just Dial, Cohance Life, Sonata Software, Relaxo Footwear, Firstsource Solutions, Clean Science, Tata Chemicals, KEC International, LT Technology, among others. <a href="https://www.moneycontrol.com/stocks/market-stats/52-week-low-bse/?indexName=BSE%2520500&amp;id=12">Click to View More</a>

New Listings

Fractal Analytics shares ended 7 percent lower on listing day after <a href="https://www.moneycontrol.com/news/business/ipo/fractal-analytics-shares-make-weak-debut-list-at-3-discount-to-ipo-price-here-s-what-analysts-recommend-13829306.html">making a weak market debut</a>. The stock listed at a 3 percent discount at Rs 876 per share compared to its issue price.

Shares of Kwality Wall’s, the demerged entity of Hindustan Unilever, ended 2% lower after listing at Rs 29.80 apiece on the NSE. The stock debuted at a sharp discount of 25.87 percent to its discovery price of Rs 40.20 per share.

Shares of Aye Finance ended almost flat after a <a href="https://www.moneycontrol.com/news/business/ipo/aye-finance-shares-make-muted-market-debut-list-flat-at-ipo-price-13829347.html">muted market debut</a>, listing at Rs 129 per share on the NSE.

Outlook for February 17

Rupak De, Senior Technical Analyst at LKP Securities

The Nifty started the day on a weak footing but held firm as there was no follow-through selling pressure. The index then rallied to its day’s high following the formation of a hidden positive divergence on the hourly chart, resulting in a bullish engulfing candle on the daily timeframe.

If the Nifty holds above 25,600 till the close, the uptrend may continue in the near term. On the higher side, it could move towards 25,800 and above. However, a fall below 25,500 may reactivate bearishness in the market.

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

After showing sharp weakness amidst weak global cues on Friday, Nifty witnessed an excellent bounce back from the lows on Monday and closed the day higher by 211 points. After negative opening, the market slipped into further weakness soon after the opening. The sharp upside recovery that emerged from the early part of the session and continued till the end.

A long bull candle has been formed on the daily chart after opening lower. Technically, this market action indicates a formation of 'Bullish Engulfing' candle pattern, which is positive indication. The opening downside gap of Friday has been filled partially.

The sharp bounce back of Monday seems to have opened the doors for bulls to comeback. A sustainable move above the recent down gap resistance at 25750 could pull Nifty towards 26000 levels in the near term. Immediate support is placed at 25550.

Shrikant Chouhan, Head Equity Research, Kotak Securities

Today, the benchmark indices bounced back sharply, with the Nifty ending 212 points higher and the Sensex rising by 650 points. Among sectors, Energy, Reality, and PSU Banks indices rallied over 1.5 percent, whereas despite the strong market momentum, the Capital Market index shed 1.25 percent. Technically, after a weak open, the market took support near the 20-day SMA (Simple Moving Average) at 25,400/82300 and bounced back sharply. On daily charts, it has formed a long bullish candle, and on intraday charts, it has formed a promising reversal pattern, which is largely positive.

For day traders, 25,600/83000 and 25,500/82700 would act as key support zones. As long as the market is trading above these levels, the pullback formation is likely to continue. On the higher side, it could bounce back to 25,800–25,875/83500-83700. On the flip side, below 25,500/82700, the sentiment could change. If the market falls below this level, traders may prefer to exit their long positions.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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Taking Stock: Market rebounds after 2-day slide; Nifty tops 25,600, Sensex gains 650 pts

Indian benchmark indices snapped their two-day losing streak and ended higher in a volatile session on February 16, with the Nifty finishing above the 25,650. The rebound was driven by strong buying interest in power, energy, realty, and financial stocks, which helped lift overall market sentiment despite intraday fluctuations.

Amid mixed global cues, benchmark indices opened on a weak note, dragging the Nifty below the 25,400 mark in early trade. However, the market staged a smart rebound in the initial hours, supported by strong buying interest. The momentum gathered pace throughout the session, helping the index scale near to 25,700 before settling near the day’s peak at close.

At close, the Sensex was up 650.39 points or 0.79 percent at 83,277.15, and the Nifty was up 211.65 points or 0.83 percent at 25,682.75.

Broader markets lagged the benchmarks, as the Nifty Midcap index gained 0.5 percent, while the Smallcap index closed largely unchanged.

Also Read - Merger involving $61 billion of debt to help India credit market

Biggest Nifty gainers included Power Grid Corporation, Coal India, HDFC Bank, Adani Enterprises and Max Healthcare, while losers were Tech Mahindra, Bajaj Finance, Maruti Suzuki, Eicher Motors and Tata Motors Passenger Vehicles.

On the sectoral front, Power, PSU Bank, Realty, Private Bank, Infra, capital goods, energy indices gained 1-2 percent, while media and auto shed 0.5-1%.

Also Read - Generative AI fears trigger Rs 50,000 crore notional loss for MFs

In stock specific actions, Ola Electric Mobility share price shed nearly 7% despite Q3 losses narrow, Shakti Pumps India shares plunged 11% as Q3 profit slips 69%, Natco Pharma shares gain most in 11 weeks on CDSCO approval for Semaglutide, Precision Wires India share price rose 15% after profit jumps 98%, Azad Engineering shares added 4.5% as Q3 profit jumps 44%, Torrent Pharmaceuticals shares jumped 4% on better Q3 earnings, Easy Trip Planners shares surged 20% on plan to raise capital up to Rs 500 crore, GMR Airports shares gain most in 2-month as Q3 revenue rises 50%, National Fertilizers and Akums Drugs shares rose 4-6% post better Q3 results.

Also Read - BSE, Groww, other capital market stocks fall up to 10% as RBI tightens broker lending norms

More than 200 stocks touched their 52-week low, including Brainbees Solutions, Blue Jet, Ola Electric, Inox Wind, C. E. Info, Cello World, Vedant Fashions, Newgen Software, Just Dial, Cohance Life, Sonata Software, Relaxo Footwear, Firstsource Solutions, Clean Science, Tata Chemicals, KEC International, LT Technology, among others. Click to View More

New Listings

Fractal Analytics shares ended 7 percent lower on listing day after making a weak market debut. The stock listed at a 3 percent discount at Rs 876 per share compared to its issue price.

Shares of Kwality Wall’s, the demerged entity of Hindustan Unilever, ended 2% lower after listing at Rs 29.80 apiece on the NSE. The stock debuted at a sharp discount of 25.87 percent to its discovery price of Rs 40.20 per share.

Shares of Aye Finance ended almost flat after a muted market debut, listing at Rs 129 per share on the NSE.

Outlook for February 17

Rupak De, Senior Technical Analyst at LKP Securities

The Nifty started the day on a weak footing but held firm as there was no follow-through selling pressure. The index then rallied to its day’s high following the formation of a hidden positive divergence on the hourly chart, resulting in a bullish engulfing candle on the daily timeframe.

If the Nifty holds above 25,600 till the close, the uptrend may continue in the near term. On the higher side, it could move towards 25,800 and above. However, a fall below 25,500 may reactivate bearishness in the market.

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

After showing sharp weakness amidst weak global cues on Friday, Nifty witnessed an excellent bounce back from the lows on Monday and closed the day higher by 211 points. After negative opening, the market slipped into further weakness soon after the opening. The sharp upside recovery that emerged from the early part of the session and continued till the end.

A long bull candle has been formed on the daily chart after opening lower. Technically, this market action indicates a formation of 'Bullish Engulfing' candle pattern, which is positive indication. The opening downside gap of Friday has been filled partially.

The sharp bounce back of Monday seems to have opened the doors for bulls to comeback. A sustainable move above the recent down gap resistance at 25750 could pull Nifty towards 26000 levels in the near term. Immediate support is placed at 25550.

Shrikant Chouhan, Head Equity Research, Kotak Securities

Today, the benchmark indices bounced back sharply, with the Nifty ending 212 points higher and the Sensex rising by 650 points. Among sectors, Energy, Reality, and PSU Banks indices rallied over 1.5 percent, whereas despite the strong market momentum, the Capital Market index shed 1.25 percent. Technically, after a weak open, the market took support near the 20-day SMA (Simple Moving Average) at 25,400/82300 and bounced back sharply. On daily charts, it has formed a long bullish candle, and on intraday charts, it has formed a promising reversal pattern, which is largely positive.

For day traders, 25,600/83000 and 25,500/82700 would act as key support zones. As long as the market is trading above these levels, the pullback formation is likely to continue. On the higher side, it could bounce back to 25,800–25,875/83500-83700. On the flip side, below 25,500/82700, the sentiment could change. If the market falls below this level, traders may prefer to exit their long positions.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Live: Nifty reclaims 25,600 but breadth remains weak; Capital market stocks sulk | Closing Bell

Sensex and Nifty rebound, trading higher., Value buying in realty, pharma, FMCG aids market rebound., Rupee slips to 90.67 against dollar amid foreign fund outflows.

* Sensex and Nifty rebound, trading higher.
* Value buying in realty, pharma, FMCG aids market rebound.
* Rupee slips to 90.67 against dollar amid foreign fund outflows.

Sensex and Nifty recovered from early losses on Monday, aided by value buying in realty, pharma, and FMCG stocks. Mixed global cues and rupee weakness influenced trade. Analysts see support near 25,450 for Nifty, with reversal above 25,530.

shorts/business/sensex-gains-200-pts-nifty-above-25-500-value-buying-among-key-factors-behind-market-rise

* Sensex and Nifty rebound, trading higher.
* Value buying in realty, pharma, FMCG aids market rebound.
* Rupee slips to 90.67 against dollar amid foreign fund outflows.

The benchmark equity indices settled higher in volatile trade on Monday with value buying in select sectors helping markets recover from early losses.

Snapping its three-day decline, the Sensex jumped 650.39 points, or 0.79 percent, to close at 83,277.15. The Nifty advanced 211.65 points, or 0.83 percent, to settle at 25,682.75.

<a href="https://www.moneycontrol.com/india/stockpricequote/food-processing/kwality/KDI01">Kwality Wall's (India)</a>, Power Grid Corporation of India and Coal India were among the top gainers in the Nifty50 pack, rising up to 5 percent, while <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/infosys/IT">Infosys</a> and Tech Mahindra declined up to 2 percent.
<h3>Factors behind market rise</h3>
1) Value buying: Investors picked up beaten-down stocks, with buying interest seen in realty, pharma and FMCG shares. On Friday, the Sensex had tumbled 1,048.16 points to close at 82,626.76, while the Nifty plunged 336.10 points to settle at 25,471.10.

2) Firm global cues: Hong Kong's Hang Seng benchmark rose 0.52 percent. European markets are trading higher in mid-session deals.
<h3><a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-positive-start-us-asian-markets-mixed-liveblog-13829091.html" target="_blank">Stock Market LIVE Updates</a></h3>
3) Buying in heavyweight: A strong buying interest was seen in heavyweight stocks on Monday, including Reliance Industries, HDFC and Axis Bank.

4) Buying in bank shares: A strong buying interest was also seen in the Bank shares. Nifty Bank was up 1.2 percent.
<h3>Technical view</h3>
Anand James, Chief Market Strategist at Geojit Investments, said momentum could drag the Nifty towards the 25,270–25,215 region, while support near 25,450 could allow recovery. He added that a move above 25,530 would be required to signal a reversal.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

A financial journalist with over 10 years of experience, specialising in tracking stock market movements and fundamental developments that impact investors and the broader economy. A keen observer of global financial markets, I regularly engage with leading market voices to write stories. At Moneycontrol, I focus on decoding market trends, policy shifts and economic changes, driven by a constant passion to learn, analyse, and share knowledge with my readers.

Sensex settles 650 pts higher, Nifty ends above 25,650: Value buying among key factors behind market rise

Sensex news today: Sensex settles 650 pts higher, Nifty ends above 25,650: Value buying among key factors behind market rise

The benchmark equity indices settled higher in volatile trade on Monday with value buying in select sectors helping markets recover from early losses.

Snapping its three-day decline, the Sensex jumped 650.39 points, or 0.79 percent, to close at 83,277.15. The Nifty advanced 211.65 points, or 0.83 percent, to settle at 25,682.75.

Kwality Wall's (India), Power Grid Corporation of India and Coal India were among the top gainers in the Nifty50 pack, rising up to 5 percent, while Infosys and Tech Mahindra declined up to 2 percent.
Factors behind market rise
1) Value buying: Investors picked up beaten-down stocks, with buying interest seen in realty, pharma and FMCG shares. On Friday, the Sensex had tumbled 1,048.16 points to close at 82,626.76, while the Nifty plunged 336.10 points to settle at 25,471.10.

2) Firm global cues: Hong Kong's Hang Seng benchmark rose 0.52 percent. European markets are trading higher in mid-session deals.
Stock Market LIVE Updates
3) Buying in heavyweight: A strong buying interest was seen in heavyweight stocks on Monday, including Reliance Industries, HDFC and Axis Bank.

4) Buying in bank shares: A strong buying interest was also seen in the Bank shares. Nifty Bank was up 1.2 percent.
Technical view
Anand James, Chief Market Strategist at Geojit Investments, said momentum could drag the Nifty towards the 25,270–25,215 region, while support near 25,450 could allow recovery. He added that a move above 25,530 would be required to signal a reversal.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Can bulls reclaim control this week? Broker stocks in focus after RBI tightens lending norms

AI led technology change to largely be positive for human-kind, Expect earnings growth for India small caps to bounce back from a cyclical low in FY25, Remain constructive on lending space

* AI led technology change to largely be positive for human-kind
* Expect earnings growth for India small caps to bounce back from a cyclical low in FY25
* Remain constructive on lending space

shorts/business/daily-voice-earnings-cycle-turning-fy27-recovery-to-gather-pace-says-mirae-s-varun-goel

* AI led technology change to largely be positive for human-kind
* Expect earnings growth for India small caps to bounce back from a cyclical low in FY25
* Remain constructive on lending space

"The earning cycle is already turning, and the recovery would get further strengthened in FY27," said Varun Goel, the Senior Fund Manager at Mirae Asset Investment Managers (India) in an interview to Moneycontrol.

According to him, the relative valuation of India compared to other markets has become much more attractive as compared to 2024. "Hence, we could see more interest from foreign investors this year."

He believes that the AI led technology change will largely be positive for human-kind although there could be various winners and losers.

Why do you have conviction on Smallcap space that significantly underperformed partially due to earnings concern?

Over the last twenty years, small cap segment has delivered strong earnings growth and market returns. Primarily, smaller companies often exhibit higher long-term growth potential in both earnings and business expansion. Their relatively unestablished nature makes them more agile, allowing them to respond swiftly to industry shifts and market disruptions. This adaptability often translates into faster growth, which the stock market tends to reward.

However, it's important to note that this higher growth potential comes with correspondingly higher risk.

While global events remain a risk, we expect earnings growth for India small caps to bounce back from a cyclical low in FY25. Smallcaps are inherently more volatile, and sharp corrections are part of the cycle.

Historical trends show that when macro and sentiment-related headwinds ease, this segment tends to rebound strongly. Investors are increasingly allocating to this segment with the expectation of long-term wealth creation. However, it's important to remember that with higher growth potential comes heightened volatility and risk.

Which sectors would you like to bet on in the smallcap space?

We are focusing on businesses that have robust earnings visibility, prudent balance sheets, and scalable business models. Over a 3–5-year horizon, these can emerge as meaningful compounders. We are hopeful of revival in consumption, which will likely lead to more discretionary spending, and positive on manufacturing given the Government’s thrust on Make in India strategy. Domestic cyclical stories like BFSI, auto, capital goods should also do well.

We remain constructive on the lending space. The significant monetary easing carried out this year should lead to healthy growth for small banks, SFBs and NBFCs. The healthcare segment is geared towards healthy medium term compounding with hospitals and diagnostics space seeing a strong shift from unorganized to organized. Also, we see secular growth opportunity in CRAMS (contract research and manufacturing) space.

The portfolio is more geared towards capturing domestic economic recovery stories in BFSI, Auto, Capital goods and manufacturing and cautious on export segments.

Will the RBI prioritise interest rate transmission and liquidity measures over further rate cuts going ahead?

In the short term, RBI’s focus remains on managing systemic liquidity. However, we believe that there is scope for one more rate cut in the next few months if inflation remains well behaved.

Do you advise staying completely away from the technology sector, which has been under significant pressure, or is this an opportune time to accumulate selectively?

We are selectively constructive on IT space. While AI related disruption is real, there will be various winners and losers from this technology change.

The market has largely been range-bound for more than 16 months and has not seen a meaningful up move even after crossing its previous record high in January this year. Do you expect this consolidation to continue for the next few months before conditions stabilise?

FY26 has turned out to be a year of growth rebound for India. Significant monetary easing, GST and income tax cuts, good agricultural production and strong recovery in central government capex spends has resulted in recovery of GDP growth.

Going forward, this growth rebound should get further strengthened and reflect in strong corporate earnings. Credit growth and corporate earnings are recovering, and infrastructure-led capex will get further strengthened in 2026.

Many experts believe FIIs may return following the announcement of the India–US trade deal. Do you agree that this factor alone can bring them back strongly this year?

The relative valuation of India compared to other markets has become much more attractive as compared to 2024 and hence we could see more interest from foreign investors this year.

Do you believe that an earnings recovery is underway, but that a strong earnings cycle may not materialise before the second half of 2026 or FY27?

The earning cycle is already turning, and the recovery would get further strengthened in FY27.

Do you believe that AI will significantly disrupt several industries and that unemployment levels may rise as we move forward?

We believe that the AI led technology change will largely be positive for human-kind although there could be various winners and losers.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Daily Voice: Earnings cycle turning; FY27 recovery to gather pace, says Mirae’s Varun Goel

&quot;The earning cycle is already turning, and the recovery would get further strengthened in FY27,&quot; said Varun Goel, the Senior Fund Manager at Mirae Asset Investment Managers (India) in an interview to Moneycontrol.

According to him, the relative valuation of India compared to other markets has become much more attractive as compared to 2024. &quot;Hence, we could see more interest from foreign investors this year.&quot;

He believes that the AI led technology change will largely be positive for human-kind although there could be various winners and losers.

Why do you have conviction on Smallcap space that significantly underperformed partially due to earnings concern?

Over the last twenty years, small cap segment has delivered strong earnings growth and market returns. Primarily, smaller companies often exhibit higher long-term growth potential in both earnings and business expansion. Their relatively unestablished nature makes them more agile, allowing them to respond swiftly to industry shifts and market disruptions. This adaptability often translates into faster growth, which the stock market tends to reward.

However, it's important to note that this higher growth potential comes with correspondingly higher risk.

While global events remain a risk, we expect earnings growth for India small caps to bounce back from a cyclical low in FY25. Smallcaps are inherently more volatile, and sharp corrections are part of the cycle.

Historical trends show that when macro and sentiment-related headwinds ease, this segment tends to rebound strongly. Investors are increasingly allocating to this segment with the expectation of long-term wealth creation. However, it's important to remember that with higher growth potential comes heightened volatility and risk.

Which sectors would you like to bet on in the smallcap space?

We are focusing on businesses that have robust earnings visibility, prudent balance sheets, and scalable business models. Over a 3–5-year horizon, these can emerge as meaningful compounders. We are hopeful of revival in consumption, which will likely lead to more discretionary spending, and positive on manufacturing given the Government’s thrust on Make in India strategy. Domestic cyclical stories like BFSI, auto, capital goods should also do well.

We remain constructive on the lending space. The significant monetary easing carried out this year should lead to healthy growth for small banks, SFBs and NBFCs. The healthcare segment is geared towards healthy medium term compounding with hospitals and diagnostics space seeing a strong shift from unorganized to organized. Also, we see secular growth opportunity in CRAMS (contract research and manufacturing) space.

The portfolio is more geared towards capturing domestic economic recovery stories in BFSI, Auto, Capital goods and manufacturing and cautious on export segments.

Will the RBI prioritise interest rate transmission and liquidity measures over further rate cuts going ahead?

In the short term, RBI’s focus remains on managing systemic liquidity. However, we believe that there is scope for one more rate cut in the next few months if inflation remains well behaved.

Do you advise staying completely away from the technology sector, which has been under significant pressure, or is this an opportune time to accumulate selectively?

We are selectively constructive on IT space. While AI related disruption is real, there will be various winners and losers from this technology change.

The market has largely been range-bound for more than 16 months and has not seen a meaningful up move even after crossing its previous record high in January this year. Do you expect this consolidation to continue for the next few months before conditions stabilise?

FY26 has turned out to be a year of growth rebound for India. Significant monetary easing, GST and income tax cuts, good agricultural production and strong recovery in central government capex spends has resulted in recovery of GDP growth.

Going forward, this growth rebound should get further strengthened and reflect in strong corporate earnings. Credit growth and corporate earnings are recovering, and infrastructure-led capex will get further strengthened in 2026.

Many experts believe FIIs may return following the announcement of the India–US trade deal. Do you agree that this factor alone can bring them back strongly this year?

The relative valuation of India compared to other markets has become much more attractive as compared to 2024 and hence we could see more interest from foreign investors this year.

Do you believe that an earnings recovery is underway, but that a strong earnings cycle may not materialise before the second half of 2026 or FY27?

The earning cycle is already turning, and the recovery would get further strengthened in FY27.

Do you believe that AI will significantly disrupt several industries and that unemployment levels may rise as we move forward?

We believe that the AI led technology change will largely be positive for human-kind although there could be various winners and losers.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

10 out of 18 years BSE 100 has given negative returns in February.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	26,797.47	26,899.81	26,968.00	26,729.28	26,626.94	26,558.75	26,456.41
Fibonacci	26,794.42	26,834.67	26,899.81	26,729.28	26,664.14	26,623.89	26,558.75
Camarilla	26,710.76	26,726.39	26,742.03	26,729.28	26,679.50	26,663.87	26,648.23

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