Sensex, Nifty trade in positive terrain; European mrkt decline
IT, metal and realty shares declined while PSU Bank, auto and FMCG shares advanced.
At 13:25 IST, the barometer index, the S&P BSE Sensex advanced 341.97 points or 0.41% to 83,157.46. The Nifty 50 index jumped 90.05 points or 0.35% to 25,663.50.
In the broader market, the BSE 150 MidCap Index declined 0.41% and the BSE 250 SmallCap Index advanced 0.33%.
The market breadth was negative. On the BSE, 1,884 shares rose and 2,252 shares fell. A total of 231 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 1.16% to 14.20.
Gainers & Losers:
Adani Ports (up 2.39%), Kotak Bank (up 2.21%), HDFC Life Insurance (up 1.82%), SBI Life Insurance (up 1.58%) and Power Grid Corporation of India (up 1.52%) were the major Nifty50 gainers.
Hindalco Industries (down 2.91%), ONGC (down 2.14%), Infosys (down 1.93%), Wipro (down 1.93%) and Kwality Wall?s (India) (down 1.80%) were the major Nifty50 losers.
Stocks in Spotlight:
Dee Development Engineers surged 15.33% after the company announced that it, along with its material subsidiary, has secured contracts aggregating approximately Rs 173 crore.
Adani Ports and Special Economic Zone added 2.44% after the company?s subsidiary Adani Gangavaram Port signed a memorandum of understanding with NMDC, a Government of India enterprise, and Vale S.A., Brazil.
Axis Bank added 1.36% after the bank has clarified that it has neither submitted nor is planning to submit any bid for a stake in CreditAccess Grameen.
Morepen Laboratories zoomed 17.48% after the company announced that it has secured a multi-year contract development and manufacturing organization (CDMO) mandate valued at approximately Rs 825 crore from a leading global pharma major.
JSW Infrastructure advanced 1.80% after the company?s board approved the issuance of 25 crore equity shares with face value of Rs 2 each, to fund its multi year expansion program
IDFC First Bank slumped 16.24% after the bank said that it has uncovered fraudulent transactions worth around Rs 590 crore at one of its branches in Chandigarh, allegedly involving a few employees.
Lotus Chocolate Company declined 1.59% after the company announced temporary shutdown of its manufacturing facility situated in Sangareddy, Telangana for 15 days from 24 February 2026.
Global Markets:
European market declined as investors await for Italy inflation data later this week.
Asian stock markets traded mostly with gains on Monday as investors monitored developments related to the United States tariffs.
While the Supreme Court ruled on Friday that the Trump administration unlawfully imposed the measures last year, US President Donald Trump used different legal means to raise global levies to 15% from 10% over the weekend.
Markets in China and Japan were closed for a holiday.
On Friday, U.S. stocks rose after the Supreme Court ruling, potentially providing relief for companies burdened by higher costs from the duties and easing concern about sticky inflation still plaguing the U.S. economy.
The S&P 500 advanced 0.69% and closed at 6,909.51, while the Nasdaq Composite gained 0.9% and settled at 22,886.07. The Dow Jones Industrial Average added 230.81 points, or 0.47%, and ended at 49,625.97. The 30-stock index recovered from a 200-point loss earlier in the session on disappointing economic data.
Data released on Friday showed that the US economy expanded an annualized 1.4% in Q4 2025, the least since Q1 2025, following a 4.4% growth in Q3 and well below widely reported forecasts of 3%, the advance estimate showed.
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