Closing Bell: Markets takes another AI beating; Sensex drops 1069 pts, Nifty breaches 25,500

Indian benchmark indices ended lower on February 24, with the Nifty closing below 25,450 on the F&O expiry day. At close, the Sensex was down 1,068.74 points or 1.28 percent at 82,225.92, and the Nifty was down 288.35 points or 1.12 percent at 25,424.65

We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

Markets remained under pressure on Tuesday and traded sharply lower amid weak global cues. The Nifty opened in the red and extended losses through the session, slipping below the crucial 25,400 mark as selling intensified across key sectors. However, buying in select heavyweight stocks during the final hours trimmed some of the losses, and the index eventually settled at 25,424.68. Sectoral trends were mixed, with metal, energy and pharma ending higher, while selling pressure was visible in IT, realty and select financial counters. Broader markets also remained volatile and ended flat to marginally lower.

Investor sentiment weakened amid renewed concerns over global trade developments and rising geopolitical tensions, which kept crude oil prices elevated. Moreover, continued pressure on global technology stocks and fears of AI-led disruption further dragged domestic IT shares, amplifying the decline in the benchmark indices.

Technically, the Nifty has once again retested the crucial support near the 25,400 zone, and a decisive break below this level could trigger the next leg of the decline towards 25,245, which coincides with the 200 DEMA, followed by a major support area around 25,100, marked by a gap on the daily chart. On the upside, the 25,600–25,800 zone is likely to act as an immediate hurdle in case of any recovery. Amid the prevailing volatility and weak global cues, participants are advised to remain selective, keep position sizes light and focus on relatively stronger pockets of the market.

The Indian rupee retreated from its Monday peak, softening as risk-off sentiment and heightened month-end dollar requirements from importers. Local currency stability faces a significant hurdle as the Reserve Bank of India’s estimated $7 billion in non-deliverable forward (NDF) obligations mature this week, with additional settlements looming on the horizon.

Furthermore, the sharp appreciation in energy costs and bullion prices acts as a major drag on the rupee, given the nation's substantial import bill.

From a technical standpoint, the spot USD/INR pair faces resistance between 91.10 and 91.40, while immediate support is anticipated near 90.60, maintaining a near-term bias that favours dollar bulls.

On the monthly expiry day, Nifty opened with a sharp gap down below the previous day’s key support zone of 25630–25600 and extended its decline as the session progressed. The index slipped to an intraday low of 25328 before recovering part of the losses to close at 25425, down 1.12%. Notably, this marks the fifth instance this month where Nifty has ended with losses exceeding 1%. On the daily chart, the index has formed a sizeable bearish candle and once again slipped below its 20, 50 and 100-day EMAs, indicating sustained pressure.

On the sectoral front, Nifty Metal ended the day as a top sectoral gainer followed by Nifty Oil & Gas, On the other hand, Nifty IT broke below its major support zone of 31300-30900 on the daily chart and extended its fall further, ending the day as the top sectoral loser, followed by Nifty Realty. With regards to stocks, NTPC & Coal India emerged as the top stock gainers amongst the Nifty pack while Tech Mahindra & HCL Tech emerged as the top two losers.

Meanwhile, the Midcap and Small cap indices opened weak and extended their decline in early trade. However, strong buying interest at lower levels led to the formation of thin-bodied candles with noticeable lower wicks on the daily charts, indicating demand emerging on dips.

The market breadth was weak as the advance-decline ratio was heavily skewed in the favour of bears at day’s close. A total of 305 stocks out of the Nifty 500 universe ended in the red.

Nifty View

Going ahead, the immediate support for Nifty is placed in the 25370–25350 zone. Strong rebound was seen from this zone on the previous two occasions. Any sustainable move below this zone could result in Nifty filling the gap and extending its weakness towards 25150, followed by 24950 in the short term. On the upside, the zone of 25600–25650 zone is likely to act as an immediate resistance.

Bank Nifty View

Bank Nifty, however, started on a relatively cautious note and initially moved higher, bucking the weakness in Nifty. The index touched an intraday high of 61436, but profit booking at elevated levels dragged it down to 60802. Subsequent buying interest at lower levels helped the index recover some ground, ending the day at 61047, down 0.35%. On the daily chart, Bank Nifty has formed a small-bodied candle with a lower shadow, suggesting buying support at lower levels.

For Bank Nifty, the immediate resistance is placed in the 61400–61500 zone. Any sustainable move above this zone could result in Bank Nifty extending its up move towards 62000, followed by 62500 in the short term. On the downside, the zone of 60800–60700 zone is likely to act as an immediate support.

Today, the Indian equity markets ended lower as heavy selling pressure across sectors, led by IT stocks, pulled down the benchmark indices. Despite a few positive stock specific developments, overall sentiment remained weak due to global risk off cues.

Both Sensex and Nifty saw sharp intraday declines, with the Nifty falling 288 points at its lowest level.

Selling was widespread, reflecting cautious investor mood. The biggest drag came from the IT sector, with the Nifty IT index declining over 4.5%. All major IT stocks traded in the red as global technology stocks weakened. Concerns around AI led disruption to traditional IT services and fresh tariff related uncertainty from the US raised worries over earnings visibility for Indian IT exporters. Heavyweights such as TCS, Infosys, HCLTech, Tech Mahindra and Mphasis contributed significantly to the index fall. Weak global cues, particularly from US markets correcting on tech and trade concerns, further hurt domestic risk appetite.

Larsen & Toubro remained in focus after announcing large order wins in its projects and hydrocarbons segments, supporting confidence in its strong order book, though broader market weakness limited upside. IDFC First Bank saw sentiment improve after confirmation that the full amount linked to a recent fraud, along with interest, had been recovered, easing near term concerns. Markets may remain volatile and headline driven in the near term, with IT stocks under pressure.

Domestic markets registered a sharp decline, led by significant weakness in IT stocks amid renewed global concerns over AI-driven disruption and margin pressures for traditional service providers.

Global trade and tariff worries resurfaced as well, with additional pressure arising from Trump’s warnings on trade deals and reports of possible national security tariffs.

Realty stocks also came under strain on expectations that prolonged stress in the IT sector could weigh on real estate demand and valuations.

Meanwhile, escalating U.S.–Iran tensions, marked by embassy staff evacuations and Iran’s warnings of wider regional escalation, intensified risk aversion.

Overall, markets remain highly sensitive to geopolitical risks and sector-specific pressures, driving investors toward defensive, domestically focused segments.

Indian rupee ended with marginal losses at 90.95 per dollar on Tuesday versus previous close of 90.88.

Indian benchmark indices ended lower on February 24, with the Nifty closing below 25,450 on the F&O expiry day.

At close, the Sensex was down 1,068.74 points or 1.28 percent at 82,225.92, and the Nifty was down 288.35 points or 1.12 percent at 25,424.65. About 1410 shares advanced, 2644 shares declined, and 127 shares unchanged.

Among sectors, the IT index was the worst hit, plunging more than 4 percent, while the realty index declined over 2 percent. However, metal, pharma, PSU Bank, oil & gas, energy rose 0.3-1%.

Biggest Nifty losers were Tech Mahindra, Eternal, Infosys, TCS, HCL Technologies, while gainers included HUL, Hindalco Industries, Coal India, NTPC, JSW Steel.

The broader market also ended lower, with the Nifty Midcap shed 0.3%, and Smallcap index fell 0.55.

#1 Adjusted EBITDA in-line with estimates

#2 Domestic outlook resilient despite geopolitical & trade uncertainties, EPS raised by 9-10 percent

Tata Consultancy Services was quoting at Rs 2,577, down Rs 98.85, or 3.69 percent.

It has touched a 52-week low of Rs 2,561.95.

It has touched an intraday high of Rs 2,648.70 and an intraday low of Rs 2,561.95.

It was trading with volumes of 395,050 shares, compared to its five day average of 225,408 shares, an increase of 75.26 percent.

#1 Proactive companies may offset impact through new revenue streams, driving mid-single-digit growth

#2 Strong US corporate results provide a favourable backdrop for IT spending in 2026

Centum Electronics has received an order from Hindustan Aeronautics (HAL) for the design and development of Active Electronically Scanned Array (AESA) Radar System for the Utility Helicopter – Maritime (UH-M) programme.

Centum Electronics was quoting at Rs 2,749.35, up Rs 77.55, or 2.90 percent.

It has touched an intraday high of Rs 2,846.15 and an intraday low of Rs 2,576.45.

It was trading with volumes of 6,427 shares, compared to its five day average of 20,341 shares, a decrease of -68.40 percent.

QIB – 0.83 times

NII - 0.05 times

Retail – 0.31 times

Employee Reserved – 3.40 times

Overall – 0.53 times

#1 Orders strong, revenue steady, commodity inflation & one-off costs weighed on margin in Q4

#2 Order book provides growth visibility, though near-term margin headwinds persist

ABB India was quoting at Rs 6,054, up Rs 137.85, or 2.33 percent.

It has touched an intraday high of Rs 6,057 and an intraday low of Rs 5,855.85.

It was trading with volumes of 35,224 shares, compared to its five day average of 68,363 shares, a decrease of -48.47 percent.

The Sensex was down 1,056.56 points or 1.27 percent at 82,238.10, and the Nifty was down 279.40 points or 1.09 percent at 25,433.60. About 1169 shares advanced, 2695 shares declined, and 109 shares unchanged.

The company has received board approval for a definitive agreement framework to acquire 100 percent of Global Impex Inc from ConnectM Technology Solutions, Inc, a US-based modern energy economy company.

Blue Cloud Softech Solutions was quoting at Rs 22, down Rs 0.90, or 3.93 percent.

It has touched an intraday high of Rs 23.89 and an intraday low of Rs 21.90.

It was trading with volumes of 2,306,606 shares, compared to its five day average of 2,168,246 shares, an increase of 6.38 percent.

The company’s subsidiary, Mobikwik Securities Broking, has received approval from the Bombay Stock Exchange (BSE) to commence its stock broking business.

One Mobikwik Systems was quoting at Rs 211.85, up Rs 10.15, or 5.03 percent. It has touched an intraday high of Rs 226.60 and an intraday low of Rs 203.60.

QIB – 0.00 times

NII - 1.54 times

Retail – 2.80 times

Overall – 0.51 times

The Indian benchmark indices witnessed a sharp turmoil on Tuesday, with both Nifty50 and Sensex declining by more than 1.35%. The main reason for this correction was the continued weakness in IT stocks. The Nifty IT index extended its losses for the fifth consecutive session, slipping to a multi-month low and eroding nearly 21% so far this month. The recent decline has been largely driven by concerns over AI-led disruptions, particularly following the launch of Anthropic’s new Claude AI security tool, which has added to uncertainty around the sector’s earnings outlook.

Global cues also remained unsupportive. Fresh developments on U.S. tariffs, with a new 15% tariff rate coming into effect from February 24, further dampened investor sentiment and triggered risk-off trades across sectors. Sector-wise, IT and Realty emerged as the top laggards, falling nearly 5% and 3% respectively. On the other hand, Pharma, Healthcare, and Metal stocks managed to stay resilient, posting marginal gains of less than 0.5%. Notably, PSU Banks and Metals continued to display relative strength despite the broader market weakness. Overall market sentiment remains fragile. The 25,250 zone, which coincides with the 200-day EMA, will be a crucial level to monitor. A sustained hold near this support could trigger some short-covering bounce in the near term.

#1 Instahelp vertical crossed 50,000 daily bookings

#2 Competition remains a key risk, though scaling & improving unit economics could help

#3 Management targets consolidated adjusted EBITDA breakeven by Q3FY28

#4 Investments in Instahelp will depend on the competitive environment

Urban Company was quoting at Rs 109.25, down Rs 3.25, or 2.89 percent.

It has touched a 52-week low of Rs 108.05.

It has touched an intraday high of Rs 113 and an intraday low of Rs 108.05.

It was trading with volumes of 183,162 shares, compared to its five day average of 87,543 shares, an increase of 109.23 percent.

QIB – 1.21 times

NII - 0.31 times

Retail – 0.04 times

Employee Reserved – 0.05 times

Overall – 0.42 times

QIB – 0.89 times

NII - 11.04 times

Retail – 6.70 times

Overall – 5.97 times

KEC International has secured new orders of Rs 1,002 crores across various businesses. The Transmission & Distribution (T&D) business has secured orders i) 220/132 kV Transmission lines, Substations and EHV Cabling (Composite order) in India, ii) additional order for a 400 kV Transmission line in the International market and iii) supply of towers, hardware and poles in the Americas

The Cables & Conductors business has secured orders for supply of various types of cables and conductors in India and the

overseas market.

KEC International was quoting at Rs 584.50, up Rs 1.25, or 0.21 percent.

It has touched a 52-week low of Rs 574.25.

It has touched an intraday high of Rs 585.20 and an intraday low of Rs 574.25.

It was trading with volumes of 26,136 shares, compared to its five day average of 24,987 shares, an increase of 4.60 percent.

Gold and silver prices remained range-bound on February 24 as investors turned cautious after recent sharp moves. Gold saw mild profit-booking at higher levels, while silver traded sideways, reflecting uncertainty in global cues. Ongoing concerns around global trade, tariffs, and the direction of US interest rates kept sentiment mixed across bullion markets.

A firmer US dollar also limited upside, even as safe-haven demand stayed intact in pockets. Domestic prices continue to consolidate near recent highs, suggesting the market is taking a breather rather than reversing trend. Overall, precious metals appear to be in a pause-and-watch phase, with volatility likely to persist in the near term.

The Sensex was down 1,127.78 points or 1.35 percent at 82,166.88, and the Nifty was down 312.65 points or 1.22 percent at 25,400.35. About 1029 shares advanced, 2771 shares declined, and 128 shares unchanged.

Caplin Point Laboratories said its subsidiary has received approval from the US Food and Drug Administration (US FDA) for Sodium Phosphates Injection. The injection is indicated to prevent or correct hypophosphatemia. Shares of Caplin Point Laboratories were trading at Rs 1,704.60, down 1.44 percent on the day. The company’s market capitalisation stands below Rs 13,000 crore.

KEC International has secured new orders worth Rs 1,002 crore in its transmission and distribution (T&D) business. The company said the contracts relate to T&D projects, strengthening its order book in the core infrastructure segment. Shares of KEC International were trading at Rs 578, down 0.8 percent on the day, with the company’s market capitalisation above Rs 15,000 crore.

Mutual funds have collectively seen nearly Rs 3.5 lakh crore of value eroded in IT stocks so far in 2026 as the sector extends its downturn. The maximum losses have come from Infosys and TCS, with the combined hit in these two stocks alone pegged at close to Rs 2 lakh crore. Both mutual funds and LIC have borne the brunt of the sell-off in large-cap IT names, reflecting the heavy institutional ownership in the sector.

Life Insurance Corporation of India (LIC) has seen its investment value in IT stocks erode by about Rs 42,500 crore so far in 2026 amid the sharp correction in the sector. The steepest value destruction has come from its holdings in Infosys and TCS, where the combined erosion stands at over Rs 26,000 crore, accounting for the bulk of the drawdown. The correction in frontline IT names over the past two months has significantly dented the mark-to-market value of LIC’s portfolio, highlighting the insurer’s sizeable exposure to the sector.

#1 Board approved group reorganisation, merging CP businesses to simplify structure & unlock value

#2 Preliminary analysis suggests fairness to public shareholders, though HoldCo discount risk remains

UPL was quoting at Rs 627.95, down Rs 16.70, or 2.59 percent.

It has touched an intraday high of Rs 653.75 and an intraday low of Rs 627.30.

It was trading with volumes of 261,192 shares, compared to its five day average of 320,127 shares, a decrease of -18.41 percent.

In the previous trading session, the share closed down 14.25 percent or Rs 107.10 at Rs 644.65.

The share touched a 52-week high of Rs 812 and a 52-week low of Rs 580 on 02 January, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 22.67 percent below its 52-week high and 8.27 percent above its 52-week low.

Market capitalisation stands at Rs 53,009.61 crore.

The sharp fall in IT shares eroded nearly Rs 42,500 crore from LIC’s investment value over the past two months.

Life Insurance Corporation of India was quoting at Rs 877.10, down Rs 6.00, or 0.68 percent.

It has touched an intraday high of Rs 884.05 and an intraday low of Rs 875.15.

It was trading with volumes of 28,002 shares, compared to its five day average of 46,292 shares, a decrease of -39.51 percent.

In the previous trading session, the share closed up 1.15 percent or Rs 10.05 at Rs 883.10.

The share touched a 52-week high of Rs 980.05 and a 52-week low of Rs 715.35 on 30 June, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 10.5 percent below its 52-week high and 22.61 percent above its 52-week low.

Market capitalisation stands at Rs 554,765.55 crore.

The company has today commissioned Clinkerisation section having capacity of 3.65 MTPA as part of its Integrated Cement Plant being set up at Village Kodla, Kalaburagi District of Karnataka. With this the total clinker capacity at Kodla stands at 7.15 MTPA.

Shree Cements was quoting at Rs 26,503.75, down Rs 51.35, or 0.19 percent. It has touched an intraday high of Rs 26,775.35 and an intraday low of Rs 26,304.35.

Indian rupee is trading marginally lower at 90.96 per dollar against previous close of 90.88.

Nifty is currently trading in a highly volatile zone between its 100-DMA (25,750) and 200-DMA (25,350), making this a crucial range for short-term direction.

If Nifty manages to sustain above the 200-DMA (25,350), we can expect a recovery move in the market. However, a decisive breakdown below the 200-DMA may increase the risk of a sharp decline towards 25,150 and 24,800 levels.

On the upside, a strong move and sustained trade above the 100-DMA (25,750) could trigger momentum towards 26,000 and 26,300 levels.

Traders should closely track these key levels amid ongoing uncertainties and heightened volatility.

Oscillators being oversold, and with some of them showing positive divergence, recovery signs were beginning to be visible in the last few days. However, with today’s slippage in IT index, we are below the 13 February’s reaction low of 31422 with momentum indicators favouring further slide.

Standard deviation studies point to 29961 as the nearest support below, with further major support seen at 28800 and 27200, in the event of a collapse. Upside reversal level is seen at 30300 intraday, and at 31300 on a closing basis, with further resistance seen at 36200 for the Nifty IT index, which closed at 31550.5 on Monday.

Tata Technologies was quoting at Rs 573.50, down Rs 27.45, or 4.57 percent.

It has touched a 52-week low of Rs 570.

It has touched an intraday high of Rs 597.65 and an intraday low of Rs 570.

It was trading with volumes of 129,828 shares, compared to its five day average of 399,493 shares, a decrease of -67.50 percent.

HCL Technologies was quoting at Rs 1,335.90, down Rs 90.45, or 6.34 percent.

It has touched an intraday high of Rs 1,403.05 and an intraday low of Rs 1,329.35.

It was trading with volumes of 312,761 shares, compared to its five day average of 133,127 shares, an increase of 134.94 percent.

In the previous trading session, the share closed down 0.74 percent or Rs 10.70 at Rs 1,426.35.

The share touched a 52-week high of Rs 1,770 and a 52-week low of Rs 1,304 on 03 February, 2026 and 07 April, 2025, respectively.

Currently, the stock is trading 24.53 percent below its 52-week high and 2.45 percent above its 52-week low.

Market capitalisation stands at Rs 362,518.52 crore.

The Sensex was down 1,100.81 points or 1.32 percent at 82,193.85, and the Nifty was down 305.95 points or 1.19 percent at 25,407.05. About 1026 shares advanced, 2698 shares declined, and 135 shares unchanged.

#1 CFO struck a confident tone on the medium term

#2 Food delivery expected to sustain around 20 percent growth with modest margin expansion

#3 Quick commerce TAM remains attractive, though competition is intense

#4 Blinkit to remain rational, creating some growth risk despite margin confidence

Eternal was quoting at Rs 255, down Rs 13.10, or 4.89 percent. It has touched an intraday high of Rs 264.75 and an intraday low of Rs 254.40. It was trading with volumes of 2,265,373 shares, compared to its five day average of 2,357,194 shares, a decrease of -3.90 percent.

#1 Company highlighted a large, underpenetrated eyewear opportunity supported by a strong backend & omnichannel model

#2 Global operations improve quality & brand perception, technology enables scale & efficiency

#3 Growth is a priority, though recent quarterly performance should not be extrapolated

#4 Long-term EBITDA margin targeted at around 25 percent

Lenskart Solutions was quoting at Rs 485.20, down Rs 1.35, or 0.28 percent. It has touched an intraday high of Rs 490.50 and an intraday low of Rs 481.95. It was trading with volumes of 350,864 shares, compared to its five day average of 265,543 shares, an increase of 32.13 percent.

Adani Ports and Special Economic Zone was quoting at Rs 1,541.75, down Rs 14.80, or 0.95 percent.

It has touched an intraday high of Rs 1,556.30 and an intraday low of Rs 1,536.60.

It was trading with volumes of 51,967 shares, compared to its five day average of 118,454 shares, a decrease of -56.13 percent.

The company’s subsidiary, Lineage Power, has received a purchase order worth Rs 158.7 crore from Reliance Industries for the supply of Li-ion battery packs (48V 15S1P 314 AH).

Caplin Steriles, a subsidiary of Caplin Point Laboratories has been granted final approval from the United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Sodium Phosphates Injection USP, 15mM P/5mL, 45mM

P/15mL and 150mM P/50mL (3mM P/mL) Single-Dose Vials, a generic therapeutic equivalent version of the Reference Listed Drug (RLD) from Hospira, Inc., USA.

UCO Bank was quoting at Rs 29.28, up Rs 0.43, or 1.49 percent.

It has touched an intraday high of Rs 30.13 and an intraday low of Rs 28.61.

It was trading with volumes of 762,357 shares, compared to its five day average of 688,260 shares, an increase of 10.77 percent.

Eris Lifesciences announced a strategic partnership with Natco Pharma for the commercialisation of Semaglutide in India, reinforcing Eris’s commitment to expanding its leadership in the fast-growing diabetes and metabolic care segment.

Eris Lifesciences was quoting at Rs 1,390.25, up Rs 38.90, or 2.88 percent. It has touched an intraday high of Rs 1,402 and an intraday low of Rs 1,350.

Indoco Remedies announced final approval of the company’s Abbreviated New Drug Application (ANDA) for Brivaracetam Oral Solution, 10 mg/mL, to market, a generic equivalent to the reference listed drug (RLD), Briviact 10 mg/mL, of UCB, Inc.

Brivaracetam Oral Solution, 10 mg/mL, have been determined to be bioequivalent and therapeutically equivalent to the reference listed drug (RLD), Briviact 10 mg/mL of UCB, Inc.

Brivaracetam Oral Solution, will be manufactured by Indoco Remedies Limited, at their manufacturing facility located at L-14, Verna Industrial Area, Verna, Goa, India.

Indoco Remedies was quoting at Rs 207.70, up Rs 8.35, or 4.19 percent. It has touched an intraday high of Rs 214.05 and an intraday low of Rs 198.70. It was trading with volumes of 5,959 shares, compared to its five day average of 1,020 shares, an increase of 484.33 percent.

QIB – 0.00 times

NII - 0.04 times

Retail – 0.21 times

Employee Reserved – 2.06 times

Overall – 0.05 times

QIB – 0.00 times

NII - 0.63 times

Retail – 1.99 times

Overall – 0.29 times

QIB – 1.03 times

NII - 0.31 times

Retail – 0.03 times

Employee Reserved – 0.04 times

Overall – 0.37 times

The Sensex was down 862.16 points or 1.04 percent at 82,432.50, and the Nifty was down 240.65 points or 0.94 percent at 25,472.35. About 1146 shares advanced, 2468 shares declined, and 156 shares unchanged.

QIB – 0.04 times

NII - 7.72 times

Retail – 5.61 times

Overall – 4.47 times

JSW Infrastructure was quoting at Rs 256, down Rs 2.75, or 1.06 percent. It has touched an intraday high of Rs 261.25 and an intraday low of Rs 255.55.

#1 Airtel Money ltd, arm received its NBFC license this month

#2 Company plans to inject Rs 20,000 crore in the NBFC over next few years

#3 Expansion into lending via its own NBFC to drive growth & diversify the portfolio

#4 While investments will increase capex intensity, they could build additional revenue streams & create long-term value

Bharti Airtel was quoting at Rs 1,941.70, down Rs 55.45, or 2.78 percent. It has touched an intraday high of Rs 1,997.20 and an intraday low of Rs 1,921.65.

QIB – 0.00 times

NII - 0.01 times

Retail – 0.16 times

Employee Reserved – 1.50 times

Overall – 0.04 times

QIB – 0.00 times

NII - 0.42 times

Retail – 1.61 times

Overall – 0.22 times

The Sensex was down 829.38 points or 1.00 percent at 82,465.28, and the Nifty was down 230.55 points or 0.90 percent at 25,482.45. About 1178 shares advanced, 2291 shares declined, and 162 shares unchanged.

Two business verticals of L&T – the Heavy Civil Infrastructure (HCI) and Heavy Engineering (HE) – have jointly won a significant order from the Department of Atomic Energy of Government of India, for establishing the LIGO India Observatory. The Observatory will come up at Aundha in Maharashtra’s Hingoli district.

Larsen & Toubro was quoting at Rs 4,389.30, down Rs 27.85, or 0.63 percent.

It has touched a 52-week high of Rs 4,440.

It has touched an intraday high of Rs 4,440 and an intraday low of Rs 4,380.75.

Brahmaputra Infrastructure was quoting at Rs 167, up Rs 7.95, or 5 percent.

It has touched an intraday high of Rs 167 and an intraday low of Rs 156.

There were pending buy orders of 20,224 shares, with no sellers available.

SteinCares, a leading specialty healthcare company in Latin America, and Shilpa Biologicals Pvt. Ltd., a fully integrated biopharmaceutical company and subsidiary of Shilpa Medicare, announce a strategic licensing agreement to commercialize a biosimilar across Latin America.

Under the agreement, SteinCares will hold exclusive rights to register, commercialize, and distribute the biosimilar across the region while Shilpa Biologicals will complete product development and provide long-term commercial manufacturing from its facility in Dharwad, India.

Shilpa Medicare was quoting at Rs 322.85, down Rs 4.45, or 1.36 percent. It has touched an intraday high of Rs 326.75 and an intraday low of Rs 318.50. It was trading with volumes of 4,608 shares, compared to its five day average of 8,480 shares, a decrease of -45.66 percent.

QIB – 1.03 times

NII - 0.31 times

Retail – 0.03 times

Employee Reserved – 0.03 times

Overall – 0.37 times

QIB – 0.03 times

NII - 6.29 times

Retail – 4.86 times

Overall – 3.78 times

Waaree Energies  has received an order for supply of 500MW solar modules from a renowned customer who is a solar power developer and engaged in the business of Independent Power Producer.

Waaree Energies was quoting at Rs 2,953.95, up Rs 38.05, or 1.30 percent. It has touched an intraday high of Rs 2,973 and an intraday low of Rs 2,897.50.

Board of Directors at its meeting held on 24th February 2026 approved the appointment of Ajay Kapur as the Chief Executive Officer and a Key Managerial Personnel of the company, to act as the Group Chief Executive Officer, with effect from February 24, 2026.

Suzlon Energy was quoting at Rs 43.91, down Rs 0.33, or 0.75 percent. It has touched a 52-week low of Rs 43.52. It has touched an intraday high of Rs 44.33 and an intraday low of Rs 43.52. It was trading with volumes of 1,583,128 shares, compared to its five day average of 4,910,839 shares, a decrease of -67.76 percent.

Lupin was quoting at Rs 2,244.55, down Rs 0.55, or 0.02 percent.

It has touched an intraday high of Rs 2,259.85 and an intraday low of Rs 2,235.10.

It was trading with volumes of 7,216 shares, compared to its five day average of 22,238 shares, a decrease of -67.55 percent.

#1 Q4CY25 PAT missed estimate by 3 percent due to slower execution & 410 bps OPM contraction

#2 Margin pressure from labour code impact, QCO-related costs, copper & forex volatility may persist till H1CY26

#3 Limited upside despite assuming sustained order inflow & OPM revival

ABB India was quoting at Rs 5,925.90, up Rs 9.75, or 0.16 percent.

It has touched an intraday high of Rs 6,010 and an intraday low of Rs 5,855.85.

It was trading with volumes of 18,169 shares, compared to its five day average of 68,363 shares, a decrease of -73.42 percent.

The Indian commercial vehicle (CV) wholesale volumes reported a robust 27.0% year-on-year (YoY) growth to 99,544 units in January 2026, along with a sequential growth of 1.9% over 97,682 units recorded in December 2025.

The YoY growth was primarily driven by the reduction in Goods and Services Tax (GST) rate to 18% from 28%, effective September 22, 2025 and was further supported by increased freight activity in the goods segment.

The company has secured fresh orders worth about Rs 100 crore from the Ministry of Defence and associated defence PSUs.

The contracts relate to ongoing strategic programmes across missile systems, naval platforms, and airborne applications, under which Sigma will supply built-to-spec systems, control electronics, and actuation solutions.

Sigma Advanced Systems was quoting at Rs 168, down Rs 6.10, or 3.50 percent. It has touched an intraday high of Rs 182.80 and an intraday low of Rs 165.60. It was trading with volumes of 62,868 shares, compared to its five day average of 20,517 shares, an increase of 206.43 percent.

Garment manufacturer Fractal Industries' initial public offering has garnered decent response from investors, subscribing 5.13 times on the final day of bidding, i.e. February 18.

The company approached capital markets to raise Rs 49 crore via maiden public issue at the upper end of price band of Rs 205-216 per share. The IPO comprises of entirely fresh issue of 22.68 lakh shares.

Investors have put in bids for 83.28 lakh shares against offer size of 16.23 lakh shares via 3,270 applications during February 16-18. Non-institutional investors and qualified institutional buyers were at the leading position to support the offer subscription, bidding 6.12 times and 5.95 times their allotted quota.

The part set aside for retail investors was subscribed 4.09 times.

The company has received board approval for a definitive agreement framework to acquire 100 percent of Global Impex Inc from ConnectM Technology Solutions, Inc, a US-based modern energy economy company.

Blue Cloud Softech Solutions was quoting at Rs 22.12, down Rs 0.78, or 3.41 percent.

It has touched an intraday high of Rs 22.89 and an intraday low of Rs 22.12.

It was trading with volumes of 329,088 shares, compared to its five day average of 2,168,246 shares, a decrease of -84.82 percent.