BSE 500

Nifty rebounds, closes above 25,550 led by broad-based buying, IT stocks fall 1 percent; power, metal, PSU Bank indices gain, Over 200 stocks hit 52-week lows despite market rebound

* Nifty rebounds, closes above 25,550 led by broad-based buying
* IT stocks fall 1 percent; power, metal, PSU Bank indices gain
* Over 200 stocks hit 52-week lows despite market rebound

The market rebounded on February 20, with Nifty closing above 25,550 and Sensex up 316 points, driven by broad buying except IT stocks. Power, metal, capital goods, and PSU banks gained, while IT and media declined. Over 200 stocks hit 52-week lows.

shorts/business/taking-stock-nifty-closes-above-25-550-sensex-up-317-pts-power-metal-stocks-rise-it-drags

* Nifty rebounds, closes above 25,550 led by broad-based buying
* IT stocks fall 1 percent; power, metal, PSU Bank indices gain
* Over 200 stocks hit 52-week lows despite market rebound

The market staged a strong rebound on February 20, recovering a portion of the previous session’s losses, with the Nifty closing above 25,550, supported by broad-based buying across sectors, except IT stocks.

After a subdued start amid rising US–Iran geopolitical tensions, higher crude prices, and weakness in IT shares, the indices bounced back in early trade. The rally gathered momentum as the session progressed, pushing the Nifty to an intraday high of 25,663.55 before ending the day with solid gains, despite last-hour profit booking.

At close, the Sensex was up 316.57 points or 0.38 percent at 82,814.71, and the Nifty was up 116.90 points or 0.46 percent at 25,571.25.

Broader indices were mixed, as the Nifty Midcap index gained 0.5 percent, whereas the Smallcap index closed slightly in the red.

On a weekly basis, the BSE Sensex and Nifty50 posted marginal gains.

Also Read - <a href="https://www.moneycontrol.com/news/business/earnings/nifty-50-december-quarter-profit-falls-8-1-yoy-revenue-growth-turns-double-digit-13836308.html">Nifty 50 December quarter profit falls 8.1% YoY; revenue growth turns double-digit</a>

Hindalco Industries, NTPC, SBI Life, L&amp;T, Coal India were among major gainers on the Nifty, while losers were Infosys, Tech Mahindra, Eternal, HCL Technologies and Grasim Industries.

Except IT (down 1%) and media, all other indices ended in the green with power, metal, capital goods, PSU Bank up 1-2%.

Also Read - <a href="https://www.moneycontrol.com/news/business/earnings/nifty-50-december-quarter-profit-falls-8-1-yoy-revenue-growth-turns-double-digit-13836308.html">Nifty 50 December quarter profit falls 8.1% YoY; revenue growth turns double-digit</a>

In stock specific action, RPP Infra Projects shares added 6% on receiving work order of Rs 205 crore, Novartis India shares surged 20% as promoter to sell 70.68% stake, ABB India shares jumped 5% as Q4CY25 consolidated revenue rises, CIE Automotive India shares gained 1.7% on better Q4CY25 earnings.

Lenskart Solutions share price rose 1.5% after Motilal Oswal Securities initiates 'buy' rating, Pace Digitek share price added 3% on order win worth Rs 89 crore, DEE Development shares rose 13% on order win worth USD 40 million, Artson shares added 5% on winning order from Reliance Industries.

More than 200 stocks touched their 52-week low, including Firstsource Solutions, Ola Electric, Clean Science, Hexaware Technologies, Just Dial, Suzlon Energy, Bata India, Cello World, Poly Medicure, Info Edge, Concord Biotech, Zensar Technologies, LT Technology, Mankind Pharma, C. E. Info, AWL Agri, Wipro, KEC International, Vedant Fashions, among others. <a href="https://www.moneycontrol.com/stocks/market-stats/52-week-low-bse/?indexName=BSE%20500&amp;id=12">Click to View More</a>

Outlook for February 23

Vinod Nair, Head of Research, Geojit Investments

Indian equities rebounded after yesterday’s sharp correction, led by strong buying in large caps as investors favoured their better risk reward over premium valued midcaps. Sentiment improved on clearer trade agreement signals and India’s entry into Pax Silica, which is expected to strengthen supply chain security in AI, semiconductors, and critical minerals.

Banking and metal stocks drove the recovery, while IT lagged. Volatility stayed elevated, with the India VIX spiking even as geopolitical tensions still linger. Softer inflation data from Japan supported expectations of accommodative global policy. Structurally, markets remain constructive, though near term moves are likely to stay flow driven amid global uncertainties, keeping the buy on dips, sell on rallies trend intact.

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

After witnessing a massive fall on the back of rising geo-political tension on Thursday, Nifty tried to recover from the lows amidst volatility on Friday and closed the day higher by 116 points. After bouncing back from the opening weakness on Friday, the market was not able to sustain above the hurdle of 25650 levels in the mid to later part of the session.

A reasonable positive candle has been formed on the daily chart with upper shadow. This is signaling an attempt of bounce back from the lows. Nifty has failed to show follow-through weakness after a 1or 2 sessions sharp declines in the recent few occasions and Friday's bounce back could be one of these instances. Hence, one may expect some more upside in the short term.

Nifty is currently placed at the key support of around 25400 as per role reversal and a sustainable upmove above the hurdle of 25650-25700 levels could open another round of relief rally in the market.

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: Nifty closes above 25,550, Sensex up 317 pts; power, metal stocks rise, IT drags

The market staged a strong rebound on February 20, recovering a portion of the previous session’s losses, with the Nifty closing above 25,550, supported by broad-based buying across sectors, except IT stocks.

After a subdued start amid rising US–Iran geopolitical tensions, higher crude prices, and weakness in IT shares, the indices bounced back in early trade. The rally gathered momentum as the session progressed, pushing the Nifty to an intraday high of 25,663.55 before ending the day with solid gains, despite last-hour profit booking.

At close, the Sensex was up 316.57 points or 0.38 percent at 82,814.71, and the Nifty was up 116.90 points or 0.46 percent at 25,571.25.

Broader indices were mixed, as the Nifty Midcap index gained 0.5 percent, whereas the Smallcap index closed slightly in the red.

On a weekly basis, the BSE Sensex and Nifty50 posted marginal gains.

Also Read - Nifty 50 December quarter profit falls 8.1% YoY; revenue growth turns double-digit

Hindalco Industries, NTPC, SBI Life, L&amp;amp;T, Coal India were among major gainers on the Nifty, while losers were Infosys, Tech Mahindra, Eternal, HCL Technologies and Grasim Industries.

Except IT (down 1%) and media, all other indices ended in the green with power, metal, capital goods, PSU Bank up 1-2%.

Also Read - Nifty 50 December quarter profit falls 8.1% YoY; revenue growth turns double-digit

In stock specific action, RPP Infra Projects shares added 6% on receiving work order of Rs 205 crore, Novartis India shares surged 20% as promoter to sell 70.68% stake, ABB India shares jumped 5% as Q4CY25 consolidated revenue rises, CIE Automotive India shares gained 1.7% on better Q4CY25 earnings.

Lenskart Solutions share price rose 1.5% after Motilal Oswal Securities initiates 'buy' rating, Pace Digitek share price added 3% on order win worth Rs 89 crore, DEE Development shares rose 13% on order win worth USD 40 million, Artson shares added 5% on winning order from Reliance Industries.

More than 200 stocks touched their 52-week low, including Firstsource Solutions, Ola Electric, Clean Science, Hexaware Technologies, Just Dial, Suzlon Energy, Bata India, Cello World, Poly Medicure, Info Edge, Concord Biotech, Zensar Technologies, LT Technology, Mankind Pharma, C. E. Info, AWL Agri, Wipro, KEC International, Vedant Fashions, among others. Click to View More

Outlook for February 23

Vinod Nair, Head of Research, Geojit Investments

Indian equities rebounded after yesterday’s sharp correction, led by strong buying in large caps as investors favoured their better risk reward over premium valued midcaps. Sentiment improved on clearer trade agreement signals and India’s entry into Pax Silica, which is expected to strengthen supply chain security in AI, semiconductors, and critical minerals.

Banking and metal stocks drove the recovery, while IT lagged. Volatility stayed elevated, with the India VIX spiking even as geopolitical tensions still linger. Softer inflation data from Japan supported expectations of accommodative global policy. Structurally, markets remain constructive, though near term moves are likely to stay flow driven amid global uncertainties, keeping the buy on dips, sell on rallies trend intact.

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

After witnessing a massive fall on the back of rising geo-political tension on Thursday, Nifty tried to recover from the lows amidst volatility on Friday and closed the day higher by 116 points. After bouncing back from the opening weakness on Friday, the market was not able to sustain above the hurdle of 25650 levels in the mid to later part of the session.

A reasonable positive candle has been formed on the daily chart with upper shadow. This is signaling an attempt of bounce back from the lows. Nifty has failed to show follow-through weakness after a 1or 2 sessions sharp declines in the recent few occasions and Friday's bounce back could be one of these instances. Hence, one may expect some more upside in the short term.

Nifty is currently placed at the key support of around 25400 as per role reversal and a sustainable upmove above the hurdle of 25650-25700 levels could open another round of relief rally in the market.

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 unfazed by US-Iran tensions, ends week with gains | Closing Bell

Trump Weighs Iran Strike; Global Markets Wobble — Can Nifty Hold 25,500? | Opening Bell

Indian equity benchmarks, Sensex and Nifty, are likely to see a flat start on February 20, following gains in GIFT Nifty, which was trading at around 25,403.

Track the latest updates on GIFT Nifty right here on Moneycontrol.

Indian equity markets failed to sustain their early momentum and snapped a three-day gaining streak on February 19, with the Nifty slipping below the 25,400, intraday, amid broad-based selling across sectors. Investor sentiment was further weighed down by escalating tensions between the US and Iran.

At close, the Sensex was down 1,236.11 points or 1.48 percent at 82,498.14, and the Nifty was down 365 points or 1.41 percent at 25,454.35.

Here is how financial markets across the globe fared overnight:

GIFT Nifty (Flat)

The GIFT Nifty is trading flat at around 25,403, indicating a muted start for the day.

Asian Equities (Slip)

Asian equities fell as escalating tensions in Iran weighed on sentiment, while oil rose to its highest level since August.



US Equities (Slip)

Wall Street ended lower on Thursday, with losses in private equity companies and weakness in Walmart and Apple, while earnings-driven gains in industrials limited losses.

The Nasdaq declined 0.31% to 22,682.73 points, while the Dow Jones Industrial Average declined 0.54% to 49,395.16 points.



Dollar Index (Down)

The dollar was poised on Friday to cap its strongest weekly performance since October, buoyed by a run of better-than-expected economic data, a more hawkish Federal Reserve outlook and as tensions between the U.S. and Iran kept markets on edge.



US Bond Yield (Down)

The US Treasury 10-year yield fell 2 basis points to 4.06%.



Asian Currencies (Down)

Asian currencies were trading mostly lower in the early trade on Friday, while on year-to-date basis Malaysian Ringgit rose 4%, and Philippines Peso, Thai Baht, China Renminbi, Singapore Dollar added 1% each. However, Indonesian Rupiah shed more than 1%.



Crude (Up)

Oil prices were higher on Friday as concern of conflict between the U.S. and Iran ratcheted up, with Washington saying Tehran will suffer if it does not agree a deal about its nuclear activity within a matter of days.



Gold (Up)

Gold hovered around $5,000 an ounce as traders assessed the latest flareup in geopolitics and the
Federal Reserve’s next move on interest rates.



Fund Flow Action

Foreign Institutional Investors (FIIs) snapped their two-day buying streak as they sold equities worth Rs 880 crore on February 19. Meanwhile, Domestic Institutional Investors (DIIs) also ended their five-day buying streak, offloading equities worth Rs 596 crore.



Hope you're all set for today's trade. We wish you a profitable day ahead.

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.

First Tick: Top global cues to watch in today’s trade

Hindalco Industries, NTPC, SBI Life, L&amp;T, Coal India were among major gainers on the Nifty, while losers were Infosys, Tech Mahindra, Eternal, HCL Technologies and Grasim Industries. Except IT (down 1%) and media, all other indices ended in the green with power, metal, capital goods, PSU Bank up 1-2%. The BSE midcap index was up 0.5 percent and smallcap index ended marginally lower.

Closing Bell: Market recovers; Nifty above 25,550, Sensex up 317 pts, IT lags

Live Blog

Hindalco Industries, NTPC, SBI Life, L&amp;amp;T, Coal India were among major gainers on the Nifty, while losers were Infosys, Tech Mahindra, Eternal, HCL Technologies and Grasim Industries. Except IT (down 1%) and media, all other indices ended in the green with power, metal, capital goods, PSU Bank up 1-2%. The BSE midcap index was up 0.5 percent and smallcap index ended marginally lower.

10 out of 18 years BSE 500 has given negative returns in February.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	36,838.68	37,003.04	37,218.20	36,623.52	36,459.16	36,244.00	36,079.64
Fibonacci	36,768.50	36,858.06	37,003.04	36,623.52	36,478.54	36,388.98	36,244.00
Camarilla	36,709.11	36,743.90	36,778.69	36,623.52	36,639.53	36,604.74	36,569.95

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