New Delhi, February 17, 2026: The local stock market witnessed a respite from the ongoing downtrend on Monday, with both benchmark indices closing in the green. The BSE Sensex surged by 650.39 points (0.79%) to close at 83,277.15, while the NSE Nifty advanced 211.65 points (0.83%) to end at 25,682.75.
The rally was driven by strong buying in power, banking, and finance stocks, coupled with a stable rupee and steady crude oil prices amid ongoing US-Iran talks, which supported market sentiment. The Sensex rebounded after three consecutive sessions of losses.
Out of the listed shares on the BSE, 2,565 declined, 1,747 gained, and 184 remained unchanged. Among Sensex constituents, Power Grid led the gains with a 4.45% rise. Other notable gainers included HDFC Bank, Axis Bank, NTPC, ITC, Asian Paints, Bajaj Finserv, Bharti Airtel, Adani Ports, Tata Steel, Kotak Mahindra Bank, Reliance Industries, and State Bank of India.
On the other hand, Tech Mahindra, Maruti Suzuki India, Bajaj Finance, Trent, Mahindra & Mahindra, Titan, Infosys, ICICI Bank, and UltraTech Cement recorded declines.
Shares Showing Strong Buying
Stocks that have recently seen robust buying include Power Grid Corporation, EaseMyTrip, Engineers India, Bharat Seats, Rallis India, Asian Energy Services, and Rallis India. Many of these shares have crossed their 52-week highs, indicating a bullish trend.
Stocks Showing Signs of Weakness
Technical indicators such as MACD suggest potential downside in Tech Mahindra, Bajaj Finance, and Maruti Suzuki, among others. Other shares facing selling pressure include Ola Electric, Inox Wind, Billionbrains Garage Ventures (Groww), Brainbees Solutions (FirstCry), Shakti Pumps, and TIL, signaling a possible bearish phase.
Disclaimer: The stock suggestions and analysis provided here reflect the opinions of individual analysts or brokerage firms and not of this publication. Investors are advised to consult certified experts before making any investment decisions, as market conditions can change rapidly.
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