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Expect Q4FY26 to close fiscal year on a firmer footing compared to relatively softer first half, FY26 earnings growth likely to be in high single digits, Worst appears largely behind FMCG sector, though recovery likely to be gradual

* Expect Q4FY26 to close fiscal year on a firmer footing compared to relatively softer first half
* FY26 earnings growth likely to be in high single digits
* Worst appears largely behind FMCG sector, though recovery likely to be gradual

shorts/business/daily-voice-runaway-market-rally-unlikely-in-2026-fmcg-recovery-gradual-but-worst-phase-behind-says-shriram-life-s-ajit-banerjee

* Expect Q4FY26 to close fiscal year on a firmer footing compared to relatively softer first half
* FY26 earnings growth likely to be in high single digits
* Worst appears largely behind FMCG sector, though recovery likely to be gradual

According to Ajit Banerjee, the President and Chief Investment Officer at Shriram Life Insurance, the 2026 is likely to be a year of market consolidation rather than one of runaway returns.

Valuations in certain pockets remain elevated and a meaningful acceleration in earnings will be required to justify further multiple expansion. Global liquidity conditions, the US rate trajectory and geopolitical developments will continue to influence capital flows, he said in an interview to Moneycontrol.

He believes the worst appears largely behind the FMCG sector, though the recovery is likely to be gradual. "The December quarter showed stabilising margins, improving rural volumes and easing input cost pressures. However, urban demand remains skewed toward premium categories," he said.

Do you see strong and ample opportunities in the mid-cap and small-cap domestic manufacturing space?

Whilst meaningful investment opportunity exists in the mid- and small-cap domestic manufacturing space but it’s not very broad based at this point of time. Hence, the bottom-up approach will be critical in picking up the stocks.

Union Budget FY27 has tried to lay a lot of emphasis in developing and projecting India’s manufacturing sector as a reliable, cost efficient, quality sourcing partner which can be considered for supply chain diversification from China to both domestic and export market. To facilitate this objective various government schemes and initiatives like Production-Linked Incentive (PLI), relaxation of compliance norms, providing credit guarantee, reduction of customs duty on some critical minerals etc. are already put in place.

For past few years we have seen significant defence sector indigenisation, electronics manufacturing growth and a revival in large private sector capital expenditure. Mid and small-cap companies are often direct beneficiaries of this transition, particularly those operating in niche industrial segments such as auto ancillaries, electronics manufacturing services (EMS), specialty chemicals, defence components and capital goods.

That said, valuations across segments of the mid and small-cap universe continue to trade above long-term averages. The next phase of returns will therefore depend far more on earnings delivery than on multiple expansion.

Opportunities are likely to emerge in companies where order books are healthy and execution visibility is high, balance sheets are clean, operating leverage is improving, and companies have pricing power or export diversification.

In summary, the opportunity is attractive, but disciplined stock selection will be essential to generate sustainable returns.

How would you summarise the December quarter earnings season and management commentaries? What is your outlook for Q4?

The December quarter earnings season was broadly mixed, though signs of stabilisation were evident. Aggregate performance was moderate, with notable pockets of strength in capital goods, select automobile segments and parts of the commodities space.

For the Nifty 50, aggregate revenues grew 9.2% year-on-year, while adjusted profit after tax (adjusted for the labour code impact) increased 6.9% year-on-year. This was marginally below market expectations of ~8% earnings growth for the quarter. Capex-oriented sectors delivered strong earnings momentum and discretionary consumption segments such as retail and automobiles reported healthy growth. In contrast, traditional defensives remained relatively subdued.

The Nifty Midcap 150 continued to outperform large caps, delivering earnings growth of ~13%, reinforcing the relative strength in the broader market. Management commentary was incrementally constructive. Order inflows in industrials remained healthy, capital expenditure pipelines appeared intact and rural indicators suggested a gradual recovery in demand conditions.

Looking ahead, we expect the fourth quarter to close the fiscal year on a firmer footing compared to the relatively softer first half. Overall earnings growth for FY26 is likely to be in the high single digits, with FY27 appearing more constructive, potentially delivering growth of around 15%, subject to macro stability and continued execution momentum.

Is the worst over for the FMCG sector?

The worst appears largely behind the FMCG sector, though the recovery is likely to be gradual.

The December quarter showed stabilising margins, improving rural volumes and easing input cost pressures. However, urban demand remains skewed toward premium categories and overall volume growth for many players is still in the mid-single digit range amid highly competitive intensity. Recent GST rationalisation has also provided incremental support, helping improve sentiment and create some near-term momentum in select categories.

A stronger, volume-led recovery will depend on sustained improvement in rural incomes, stable food inflation and better wage growth and a broad-based urban demand revival. In summary, the bottom seems to be in place, but the recovery is likely to be steady and gradual rather than sharp.

Is it better to stay away from the IT sector even in 2026, given AI disruption?

Complete avoidance of IT sector isn’t recommended unless that’s a very firm call to stay away at this juncture. While AI is disruptive, it also presents a meaningful opportunity. Large Indian IT companies are investing aggressively in AI-led transformation, automation, cloud integration and consulting-led models.

In the near term, deal cycles remain elongated, discretionary spending is soft and margin pressures persist. However, over the medium term, AI adoption could expand overall technology spending rather than compress it, with vendor consolidation potentially benefiting scaled players. Cost-optimisation projects remain resilient.

Historically, the Indian IT sector has adapted well to structural shifts. While valuations may face intermittent pressure, sharp corrections could present selective opportunities. Exposure, if any, should be focused on high-quality, cash-generating companies with strong client relationships and taken only with a medium- to long-term perspective.

Which sectors are most likely to remain resilient in this rapidly changing environment?

Resilience is likely to be found in sectors supported by structural tailwinds and strong domestic demand visibility.
• Capital Goods &amp; Infrastructure - Benefiting from sustained government capex and an expected revival in private sector investment.
• Defence Manufacturing - Supported by government’s focus on indigenisation, import substitution and rising export opportunities.
• Select Financials (large banks and NBFCs) - Backed by healthy credit growth and stronger balance sheets.
• Healthcare &amp; Hospitals - Driven by structural demand growth and capacity expansion.
These sectors offer relatively better earnings visibility, pricing power and balance sheet strength in a dynamic macro environment.

How do you interpret the inflation data released under the new series?

Headline CPI inflation in January stood at 2.75%, computed on the new CPI series with the base year as 2024, with food inflation at 2.1% and core inflation at 3.4%. The new basket has incorporated changes in terms of both item composition and weightages compared to the old CPI basket. The items and their corresponding weights in the new CPI basket are based on the Household Consumption Expenditure Survey (HCES) 2023-24, which better captures the current overall consumption pattern.

Even though the broader expectation was inflation is likely to moderate up going forward in the new methodology considered, but this being the first print with the new set of data future trends and projections can be done on series of subsequent prints with varying underlying data sets.

Is the worst over for equity markets in 2026, or could it be another year of consolidation?

2026 is likely to be a year of consolidation rather than one of runaway returns. Valuations in certain pockets remain elevated and a meaningful acceleration in earnings will be required to justify further multiple expansion. Global liquidity conditions, the US rate trajectory and geopolitical developments will continue to influence capital flows.

On the positive side, India’s macro stability remains strong, the government capex cycle is intact, private investment is showing early signs of revival and domestic flows continue to provide structural support.

Key risks include global uncertainties, commodity price volatility and earnings disappointments in high-valuation segments. In this environment, markets are likely to reward earnings quality and balance sheet strength over narrative-driven momentum.

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.

Ownership, Material Conflicts of Interest and Disciplinary History

MCD is a wholly owned subsidiary of Network 18 Media & Investments Ltd ("Network18"), in which Independent Media Trust (IMT) holds 56.89% stake. Reliance Industries Limited ("RIL") is the sole beneficiary of IMT. Network18 and RIL and their subsidiaries, joint ventures and associates can be considered as associates of MCD.

Details of Associate

Receipt of Compensation

Third-Party Compensation

Employment History

Market-Making Activities

Use of Artificial Intelligence

Daily Voice: Runaway market rally unlikely in 2026; FMCG recovery gradual but worst phase behind, says Shriram Life’s Ajit Banerjee

Ajit Banerjee expects fourth quarter to close the fiscal year on a firmer footing compared to the relatively softer first half. Overall earnings growth for FY26 is likely to be in the high single digits, with FY27 appearing more constructive, potentially delivering growth of around 15%.

According to Ajit Banerjee, the President and Chief Investment Officer at Shriram Life Insurance, the 2026 is likely to be a year of market consolidation rather than one of runaway returns.

Valuations in certain pockets remain elevated and a meaningful acceleration in earnings will be required to justify further multiple expansion. Global liquidity conditions, the US rate trajectory and geopolitical developments will continue to influence capital flows, he said in an interview to Moneycontrol.

He believes the worst appears largely behind the FMCG sector, though the recovery is likely to be gradual. &quot;The December quarter showed stabilising margins, improving rural volumes and easing input cost pressures. However, urban demand remains skewed toward premium categories,&quot; he said.

Do you see strong and ample opportunities in the mid-cap and small-cap domestic manufacturing space?

Whilst meaningful investment opportunity exists in the mid- and small-cap domestic manufacturing space but it’s not very broad based at this point of time. Hence, the bottom-up approach will be critical in picking up the stocks.

Union Budget FY27 has tried to lay a lot of emphasis in developing and projecting India’s manufacturing sector as a reliable, cost efficient, quality sourcing partner which can be considered for supply chain diversification from China to both domestic and export market. To facilitate this objective various government schemes and initiatives like Production-Linked Incentive (PLI), relaxation of compliance norms, providing credit guarantee, reduction of customs duty on some critical minerals etc. are already put in place.

For past few years we have seen significant defence sector indigenisation, electronics manufacturing growth and a revival in large private sector capital expenditure. Mid and small-cap companies are often direct beneficiaries of this transition, particularly those operating in niche industrial segments such as auto ancillaries, electronics manufacturing services (EMS), specialty chemicals, defence components and capital goods.

That said, valuations across segments of the mid and small-cap universe continue to trade above long-term averages. The next phase of returns will therefore depend far more on earnings delivery than on multiple expansion.

Opportunities are likely to emerge in companies where order books are healthy and execution visibility is high, balance sheets are clean, operating leverage is improving, and companies have pricing power or export diversification.

In summary, the opportunity is attractive, but disciplined stock selection will be essential to generate sustainable returns.

How would you summarise the December quarter earnings season and management commentaries? What is your outlook for Q4?

The December quarter earnings season was broadly mixed, though signs of stabilisation were evident. Aggregate performance was moderate, with notable pockets of strength in capital goods, select automobile segments and parts of the commodities space.

For the Nifty 50, aggregate revenues grew 9.2% year-on-year, while adjusted profit after tax (adjusted for the labour code impact) increased 6.9% year-on-year. This was marginally below market expectations of ~8% earnings growth for the quarter. Capex-oriented sectors delivered strong earnings momentum and discretionary consumption segments such as retail and automobiles reported healthy growth. In contrast, traditional defensives remained relatively subdued.

The Nifty Midcap 150 continued to outperform large caps, delivering earnings growth of ~13%, reinforcing the relative strength in the broader market. Management commentary was incrementally constructive. Order inflows in industrials remained healthy, capital expenditure pipelines appeared intact and rural indicators suggested a gradual recovery in demand conditions.

Looking ahead, we expect the fourth quarter to close the fiscal year on a firmer footing compared to the relatively softer first half. Overall earnings growth for FY26 is likely to be in the high single digits, with FY27 appearing more constructive, potentially delivering growth of around 15%, subject to macro stability and continued execution momentum.

Is the worst over for the FMCG sector?

The worst appears largely behind the FMCG sector, though the recovery is likely to be gradual.

The December quarter showed stabilising margins, improving rural volumes and easing input cost pressures. However, urban demand remains skewed toward premium categories and overall volume growth for many players is still in the mid-single digit range amid highly competitive intensity. Recent GST rationalisation has also provided incremental support, helping improve sentiment and create some near-term momentum in select categories.

A stronger, volume-led recovery will depend on sustained improvement in rural incomes, stable food inflation and better wage growth and a broad-based urban demand revival. In summary, the bottom seems to be in place, but the recovery is likely to be steady and gradual rather than sharp.

Is it better to stay away from the IT sector even in 2026, given AI disruption?

Complete avoidance of IT sector isn’t recommended unless that’s a very firm call to stay away at this juncture. While AI is disruptive, it also presents a meaningful opportunity. Large Indian IT companies are investing aggressively in AI-led transformation, automation, cloud integration and consulting-led models.

In the near term, deal cycles remain elongated, discretionary spending is soft and margin pressures persist. However, over the medium term, AI adoption could expand overall technology spending rather than compress it, with vendor consolidation potentially benefiting scaled players. Cost-optimisation projects remain resilient.

Historically, the Indian IT sector has adapted well to structural shifts. While valuations may face intermittent pressure, sharp corrections could present selective opportunities. Exposure, if any, should be focused on high-quality, cash-generating companies with strong client relationships and taken only with a medium- to long-term perspective.

Which sectors are most likely to remain resilient in this rapidly changing environment?

Resilience is likely to be found in sectors supported by structural tailwinds and strong domestic demand visibility.
• Capital Goods &amp;amp; Infrastructure - Benefiting from sustained government capex and an expected revival in private sector investment.
• Defence Manufacturing - Supported by government’s focus on indigenisation, import substitution and rising export opportunities.
• Select Financials (large banks and NBFCs) - Backed by healthy credit growth and stronger balance sheets.
• Healthcare &amp;amp; Hospitals - Driven by structural demand growth and capacity expansion.
These sectors offer relatively better earnings visibility, pricing power and balance sheet strength in a dynamic macro environment.

How do you interpret the inflation data released under the new series?

Headline CPI inflation in January stood at 2.75%, computed on the new CPI series with the base year as 2024, with food inflation at 2.1% and core inflation at 3.4%. The new basket has incorporated changes in terms of both item composition and weightages compared to the old CPI basket. The items and their corresponding weights in the new CPI basket are based on the Household Consumption Expenditure Survey (HCES) 2023-24, which better captures the current overall consumption pattern.

Even though the broader expectation was inflation is likely to moderate up going forward in the new methodology considered, but this being the first print with the new set of data future trends and projections can be done on series of subsequent prints with varying underlying data sets.

Is the worst over for equity markets in 2026, or could it be another year of consolidation?

2026 is likely to be a year of consolidation rather than one of runaway returns. Valuations in certain pockets remain elevated and a meaningful acceleration in earnings will be required to justify further multiple expansion. Global liquidity conditions, the US rate trajectory and geopolitical developments will continue to influence capital flows.

On the positive side, India’s macro stability remains strong, the government capex cycle is intact, private investment is showing early signs of revival and domestic flows continue to provide structural support.

Key risks include global uncertainties, commodity price volatility and earnings disappointments in high-valuation segments. In this environment, markets are likely to reward earnings quality and balance sheet strength over narrative-driven momentum.

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.

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.

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

11 out of 18 years BSE BANKEX has given negative returns in February.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	68,734.32	69,185.38	70,007.09	67,912.61	67,461.55	66,639.84	66,188.78
Fibonacci	68,398.80	68,699.18	69,185.38	67,912.61	67,426.41	67,126.03	66,639.84
Camarilla	68,399.94	68,516.61	68,633.28	67,912.61	68,166.60	68,049.93	67,933.26

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