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* The Nifty 50 ended marginally higher, supported by gains in metal, auto, pharma, and technology stocks, as upbeat global cues lifted overall market sentiment. However, the index retreated nearly 250 points, or about 1%, from its intraday high above 25,650 amid a cautious approach by traders due to lingering uncertainty over global trade disruptions. The Nifty ultimately closed 57 points higher, up 0.2%, at 25,482 after touching an intraday high of 25,652.

* Market breadth remained positive, with the Nifty 500 advance-decline ratio at 3:2, indicating improved participation as buying interest shifted towards mid- and small-cap stocks.

* Globally, US markets rallied around 1% overnight, while Asian markets surged over 2%, after US technology stocks rebounded as concerns over potential AI-led disruption eased.

* Sectorally, the Nifty Metal index climbed nearly 3% on the back of rising base metal prices on the London Metal Exchange. National Aluminium Company jumped 5% to close at ?359, while Lloyds Metals and Energy, Vedanta Limited, Hindustan Zinc, Hindustan Copper, and Steel Authority of India Limited advanced between 2% and 8%.

* The Nifty Auto index gained 2% on expectations of strong February monthly sales numbers, with TVS Motor Company, Hero MotoCorp, and Bajaj Auto rising 3–5%. Meanwhile, the Nifty IT index rebounded 1.5% on bargain buying after declining over 20% during the month. The Nifty Pharma index added 2%, led by Laurus Labs, Mankind Pharma, and Natco Pharma.

* On the downside, Waaree Energies and Premier Energies declined 10% and 6%, respectively, after the US imposed a 126% duty on solar imports from India. Realty, FMCG, and PSU Bank indices edged lower due to profit booking.

Technical Outlook:

* Nifty index opened positive but failed to hold above its 50 DEMA and dropped from 25650 zones. It witnessed some consolidation in the second half and managed to respect the support of 25400 zones. It formed a doji sort of a candle on the daily frame and settled the choppy session slightly off its intraday highs but with marginal gains of around 60 points. Now it has to cross and hold above 25500 zones for strength to rebuild towards 25650 then 25750 zones while supports can be seen at 25350 then 25250 zones.

* S&P BSE Sensex index opened with a gap up and witnessed good buying interest in the first hour of the session rising towards 82950 zones. However the momentum gradually fizzled and bears regained control dragging the index lower towards 82100 zones. Lack of follow up buying at higher levels is keeping upside attempts under pressure. On the daily chart it formed a bearish candle with a longer upper shadow indicating selling pressure at higher zones. Now till it holds below 82600 zones weakness could be seen towards 82000 then 81700 zones while hurdles have shifted lower to 82600 then 82900 zones.

Derivative Outlook:

* Nifty future closed positive with gains of 0.1% at 25624 levels. Positive setup seen in National Aluminium, Laurus Labs, TVS Motors, Lupin, Shriram Finance, JSW Steel, Eicher Motors, Motherson, Fortis and Axis Bank while weakness in Waaree Energies, Lodha, Dixon, Eternal, UPL, Bharti Airtel, ITC, Mazdock, BDL and Asian Paints.

* On option front, Maximum Call OI is at 25600 then 25700 strike while Maximum Put OI is at 25500 then 25400 strike. Call writing is seen at 25600 then 25700 strike while Put writing is seen at 25500 then 25400 strike. Option data suggests a broader trading range in between 25000 to 25900 zones while an immediate range between 25300 to 25700 levels.

* Vikram Solar - Company received 378.75 MW order from INGEL to supply high efficiency modules. INGEL is a JV between IOCL and NTPC Green Energy.

* Coforge - Company received an order worth $158 million from a UK-based client. The contract is for five years.

* L&T Gets Power Transmission Infra Orders in $550M-$1.1B Range - Company has won several orders to build electricity grid system elements in India and abroad between Rs5000cr – Rs10000cr.

* US Imposes 126% Import Duty on Solar energies - US Commerce Department decision to set preliminary duties of 126% on solar imports from India.

* Coal India - Company has identified seven mine dumps for potential extraction of rare earth elements. Company initiative aligns with the government's push to unlock value from coal mine waste.

* PNB - Global rating agency Fitch has affirmed PNB Long-Term Issuer Default Rating (IDR) at 'BBB-'. The Outlook is Stable. At the same time, Fitch has upgraded the bank's Viability Rating (VR) to 'bb' from 'bb-'.

* Vijay Iron - Company approve to setting up a rolling mills at cost worth Rs35cr

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