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

Market Today

• 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

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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.

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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%.

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Index	Prices	Change	Change%
Sensex	75,652.03	1,088.11	+1.46%
Nifty 50	23,453.90	302.80	+1.31%
Nifty Bank	54,480.80	722.95	+1.34%

Nifty 50 23,453.90 302.80 (1.31%)

Mon, Mar 16, 2026

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
M&M	3,036.80	105.70	+3.61%

Biggest Loser	Prices	Change	Change%
Bharat Elec	430.60	-8.80	-2.00%

Best Sector	Prices	Change	Change%
Nifty Auto	24631.05	435.95	+1.80%

Worst Sector	Prices	Change	Change%
Nifty Pharma	22587.65	-244.55	-1.07%

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.

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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.

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