Auto, Pharma Cushion Nifty as FMCG-Power Drag Persists
Nifty remained choppy in mid-afternoon trade as strength in auto and pharma heavyweights offset weakness in FMCG and power names, capping benchmark momentum.
Nifty remained choppy in mid-afternoon trade as strength in auto and pharma heavyweights offset weakness in FMCG and power names, capping benchmark momentum.
Indian benchmarks erased early gains in afternoon trade on February 26, 2026, as firmer crude and softer global cues drove profit booking and pushed Nifty below 25,500.
Early gains in IT stocks lost momentum as FMCG and PSU-bank selling intensified, pulling Nifty below 25,450 in afternoon trade amid weak broader market breadth.
Indian equities surrendered most early gains as metal stocks held firm while PSU banks and key heavyweights declined, resulting in a narrow index close and negative breadth.
Late-session defence-sector rotation on February 25, 2026 lifted BEL as markets reacted to headlines around PM Modi's Israel visit and bilateral defence talks.
Tata group stocks led by TCS moved higher intraday after Tata Sons deferred a decision on N Chandrasekaran's third term as chairman.
Sensex gains narrowed in afternoon trade as Reliance turned negative, dragging Nifty below 25,500 even as metals, autos and pharma stocks stayed in the green.
PSU banks led a selective rally as Nifty closed above 25,700 on February 23, 2026, while IT remained weak and more than 110 stocks touched fresh 52-week highs.
IDFC First Bank stayed sharply lower through afternoon trade after reporting a Rs 590 crore Haryana government-linked account discrepancy, with the stock among the day's top movers.
Nifty held above 25,650 in afternoon trade as the US Supreme Court tariff verdict supported risk sentiment, lifting private banks and Reliance while IT stocks stayed weak.