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Taking Stock: Market fails to hold opening gains; Nifty ends below 25,500

After a gap-up start, the market traded in a narrow range through the day, with the Nifty slipping to an intraday low of 25,400 amid intermittent selling pressure

February 26, 2026 / 16:16 IST
At close, the Sensex was down 27.46 points or 0.03 percent at 82,248.61, and the Nifty was up 14.05 points or 0.06 percent at 25,496.55.
Snapshot AI
  • Nifty closed flat below 25,500 after a volatile session
  • PSU bank, healthcare, and auto stocks aided market recovery
  • Over 100 stocks hit 52-week highs; 320 stocks touched new lows

The Indian equity market failed to build on its early gains and ended with little change in yet another volatile session, with the Nifty closing below the 25,500 mark.

After a gap-up start, the market traded in a narrow range through the day, with the Nifty slipping to an intraday low of 25,400 amid intermittent selling pressure. However, buying interest in PSU bank, healthcare, and auto stocks helped the indices recover from lower levels.

At close, the Sensex was down 27.46 points or 0.03 percent at 82,248.61, and the Nifty was up 14.05 points or 0.06 percent at 25,496.55. Nifty Midcap index rose 0.6%, while smallcap index ended flat.

Also Read - FIIs turn net buyers in February with biggest monthly inflows in 17 months

Bharat Electronics, Adani Ports, Sun Pharma, Bharti Airtel, Maruti Suzuki were among major gainers on the Sensex, while losers were Power Grid Corporation, Trent, Bajaj Finserv, HDFC Bank and Eternal.

Among sectors, auto, pharma, oil & gas, PSU Bank, telecom, metal added 0.4-1%, while media index shed 0.7%.

Also Read - Sebi steps up scrutiny of brokers' dealing rooms amid front-running concerns: Report

In stock specific action, XTGlobal shares rose 20% on securing Al enablement project from US State transportation agencyre, Balu Forge shares added 10% on MoU for supply of large caliber ammunition, Foseco India shares fell 2% after consolidated profit slips 35%, Sanofi Consumer Healthcare India share price added 5% on better Q4 earnings.

IndexPricesChangeChange%
Sensex76,034.42-829.29 -1.08%
Nifty 5023,639.15-227.70 -0.95%
Nifty Bank55,100.95-634.80 -1.14%
Nifty 50 23,639.15 -227.70 (-0.95%)
Thu, Mar 12, 2026
Biggest GainerPricesChangeChange%
Coal India470.1023.35 +5.23%
Biggest LoserPricesChangeChange%
M&M3,031.20-137.00 -4.32%
Best SectorPricesChangeChange%
Nifty Energy36834.35695.85 +1.93%
Worst SectorPricesChangeChange%
Nifty Auto25098.00-828.00 -3.19%

KSB share price surged 9% after profit rises 10%, Sanofi India shares declined 3% as Q4 profit falls 32%, Home First Finance Company share price fell 5% post 56.2 lakh shares (5.4% equity) traded in a block, Diamond Power shares rose 3% on EPC order win worth Rs 93 crore from KPI Green.

Also Read - Sedemac Mechatronics to launch Rs 1,087 crore IPO on March 4

More than 100 stocks touched their 52-week high, including GE Vernova TD, Lupin, Schaeffler Industries, Bank of Baroda, Shriram Finance, JB Chemicals, Hitachi Energy, Torrent Pharma, KEI Industries, Graphite India, Polycab, Federal Bank, Union Bank, TVS Motor, Bank of Maharashtra, Cummins, Indian Bank, Bajaj Auto, IOC, Canara Bank, among others. Click to View More

More than 320 stocks touched their 52-week low, including Reliance Power, Swan Corp, AWL Agri, IRFC, BASF, Alkyl Amines, Cyient, among others. Click to View More

Outlook for February 27

Rupak De, Senior Technical Analyst at LKP Securities

The Nifty 50 witnessed another day of lackluster trading, as the index continued to remain confined within a narrow range before closing flat.

On the daily chart, the index has been consistently failing to reclaim the 21-EMA, exhibiting an overall lack of strength.

The RSI is in a bearish crossover, indicating weakening momentum.

The sentiment is likely to remain weak in the near term, with a possibility of falling towards 25,300. On the higher end, resistance is placed at 25,550–25,600.

Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities

On Thursday, the benchmark index Nifty traded within a narrow intraday band of 172 points, reflecting a day dominated by subdued volatility and cautious sentiment. For most of the session, the index hovered close to the day’s low, indicating persistent pressure from the bears. However, during the final hour of trade, Nifty experienced a modest recovery, staging a mild pullback from lower levels. By the closing bell, the index ended virtually unchanged, forming a small-bodied candle with a pronounced lower shadow, suggesting buying interest emerging near support zones.

Going ahead, for Nifty, the 50-day EMA zone of 25630-25660 will act as an immediate hurdle for the index. Any sustainable move above 25660 will lead to a sharp upside rally upto the 25800 level. On the downside, the zone of 25380-25350 will act as crucial support for the index.

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.

Rakesh Patil
first published: Feb 26, 2026 03:57 pm

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