Quote on market wrap 23rd Feb 2026 from Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
Below the Quote on market wrap 23rd Feb 2026 from Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
"Markets edged higher amid volatility on Monday, gaining nearly half a percent on the back of encouraging global cues. The Nifty opened firmly but gradually drifted lower as the session progressed. However, buying in select heavyweights during the final hours kept the tone positive, reflecting selective participation. Consequently, the Nifty index settled around the 25,713 level, up roughly 0.55% for the day. Sectorally, the trend was mixed: financials, FMCG and auto emerged as top gainers, while IT and metal stocks ended in the red. Broader markets also showed a mixed trend; the midcap index ended lower while the smallcap index managed to close in the green, indicating selective participation.
Sentiment improved largely in reaction to the US Supreme Court striking down earlier import tariffs, temporarily easing trade-related concerns and boosting risk appetite across global markets
Overall, the ongoing tussle in the index reflects prevailing uncertainty on the global front, while domestic cues remain largely muted. We reiterate that participants should focus on stock selection and trade management, preferring banking, auto, metal and energy counters for long positions, while the IT sector still appears vulnerable to further downside."
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