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Barometers pare gains; media shares decline

Barometers pare gains; media shares decline

by | Feb 26, 2026 | Share Market


The key equity benchmarks reversed all gains and traded with minor losses in early afternoon trade. The Nifty traded below the 25,450 mark. Media shares declined after advancing for previous trading session.

At 12:30 IST, the barometer index, the S&P BSE Sensex, declined 181.44 points or 0.22% to 82,094.63. The Nifty 50 index fell 54.05 points or 0.21% to 25,428.45.

The broader market underperformed the frontline indices. The BSE 150 MidCap Index fell 0.01% and the BSE 250 SmallCap Index fell 0.18%.

The market breadth was negative. On the BSE, 1,949 shares rose and 1,972 shares fell. A total of 202 shares were unchanged.

 

Derivatives:

The NSE’s India VIX, a gauge of the market’s expectation of volatility over the near term, slumped 8.05% to 13.01. The Nifty 30 March 2026 futures were trading at 25,608.90, at a premium of 1 points as compared with the spot at 25,428.45.

The Nifty option chain for the 30 March 2026 expiry showed a maximum call OI of 57.7 lakh contracts at the 26,000 strike price. Maximum put OI of 66.1 lakh contracts was seen at 25,000 strike price.

Buzzing Index:

The Nifty Media index fell 0.78% to 1,406.35. The index added 0.46% in the past trading session.

Prime Focus (down 1.41%), D B Corp (down 1.33%), Tips Music (down 1.19%), Saregama India (down 1.07%) and Zee Entertainment Enterprises (down 1.06%), PVR Inox (down 1%), Network 18 Media & Investments (down 0.44%), Sun TV Network (down 0.34%) fell.

Stocks in Spotlight:

Capacite Infraprojects fell 1.62%. The company said that it has received a letter of intent (LOI) from TenX Realty (on behalf of Raymond) for a total contract value of approximately Rs 537 crore.

Alembic Pharmaceuticals fell 1.15%. The company announced that it has received final approval from the US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA), Lamotrigine Orally Disintegrating Tablets USP, 25 mg, 50 mg, 100 mg, and 200 mg.

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Barometers pare gains; media shares decline

Wall Street Rises on Tech Strength Ahead of Key Nvidia Earnings

by | Feb 26, 2026 | Share Market


U.S. stocks climbed as software and hardware names rebounded, IBM and Oracle rallied on broker upgrades, global markets tracked higher and the 10-year Treasury yield edged up to about 4.04%.

The Nasdaq jumped 288.40 points (1.3%) to 23,152.08, the S&P 500 climbed 56.06 points (0.8%) to 6,946.13 and the Dow rose 307.65 points (0.6%) to 49,482.15.

Nvidia jumped by 1.4% ahead of the release of its fourth quarter financial results after the close of today’s trading. Tech giant IBM Corp. (IBM) also surged by 3.6%, continuing to regain ground following a nosedive on Monday after UBS upgraded its rating on the company’s stock to Neutral from Sell. Oracle (ORCL) also shot up by 1.2% after Oppenheimer upgraded its rating on the software giant’s stock to Outperform from Perform.

 

Software stocks turned in some of the market’s best performances, with the Dow Jones U.S. Software Index spiking by 3.1%. The index continued to regain ground after slumping to its lowest closing level in ten months on Monday amid easing AI disruption concerns.

Substantial strength was also visible among computer hardware stocks, as reflected by the 2.9% surge by the NYSE Arca Computer Hardware Index. Financial, networking and semiconductor stocks also saw significant strength while housing stocks moved sharply lower on the day.

Asia-Pacific stocks moved mostly higher. Japan’s Nikkei 225 Index surged by 2.2% while South Korea’s Kospi shot up by 1.9%. The major European markets also moved to the upside on the day while the U.K.’s FTSE 100 Index jumped by 1.2%, the German DAX Index advanced by 0.8% and the French CAC 40 Index rose by 0.5%.

In the bond market, treasuries saw modest weakness after ending the previous session roughly flat. Subsequently, the yield on the benchmark ten-year note which moves opposite of its price, inched up by 1.5 bps to 4.04%.

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Welspun Corp shares gain 4% as UAE subsidiary gets incorporation licence

Welspun Corp shares gain 4% as UAE subsidiary gets incorporation licence

by | Feb 26, 2026 | Share Market



Welspun Corp Share Price: Shares of iron and steel products manufacturer Welspun Corp were in high demand on the bourses on Thursday, February 26, 2026, after the company announced an update on the incorporation of a subsidiary in the UAE. Following the update, the company’s share price rose 4.23 per cent to ₹831 per share on the NSE during intraday trade on Thursday.

 


Though Welspun Corp shares have partially pared their gains, they continued to trade higher on the bourses. At 10:15 AM, the company’s shares were seen exchanging hands at ₹817.55 per share, up 3.46 per cent from their previous close of ₹797.25 per share on the NSE. The benchmark NSE Nifty50, meanwhile, was trading at 25,547, up 65 points, or 0.26 per cent.

 
 


So far during today’s trading session, a combined total of 0.5 million equity shares of Welspun Corp, estimated to be worth ₹40 crore, have exchanged hands on the BSE and NSE.

 


The company’s market capitalisation stood at ₹21,543.78 crore on the NSE as of February 26. Welspun Corp shares have a 52-week range of ₹994–₹664.30.


Welspun Corp announces update on the incorporation of a subsidiary


The noteworthy movement in the Welspun Corp share price came after the company informed the exchanges that its wholly owned subsidiary (WOS) in the Free Trade Zone, United Arab Emirates (UAE), has been incorporated in the name of “Welspun International FZCO” (WIFZCO) in Dubai Multi Commodities Centre (DMCC), UAE.

 


The company has received the Certificate of Incorporation/licence today from the relevant DMCC authority.

 


“WIFZCO will handle global marketing for all our products and also carry out the business of trading of any of the products and raw materials in which the parent company and its subsidiaries transact,” said Welspun Corp in an exchange filing.

 


Earlier this month, on February 12, Welspun Corp informed the exchanges that Welspun Global Holdings Limited (WGHL), located in Dubai International Financial Centre (DIFC), UAE, and Welspun Mauritius Holdings Limited (WMHL), both wholly owned subsidiaries of the company, have informed Welspun Corp that their respective Boards of Directors have approved the transfer/acquisition of a 100 per cent equity stake in Welspun Pipes Company (WPC), KSA, from WMHL to WGHL for an aggregate consideration of $8 million.

 


The transaction, however, is subject to receipt of applicable statutory and regulatory approvals. On completion of the transaction, WPC, which is currently a wholly owned subsidiary of WMHL, shall thereafter become a wholly owned subsidiary of WGHL, said Welspun Corp in a regulatory filing.



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Barometers pare gains; media shares decline

INR settles flat amid tepid moves against dollar

by | Feb 25, 2026 | Share Market


Last Updated : Feb 25 2026 | 5:50 PM IST

The Indian rupee ended the day almost flat on Wednesday amid tepid moves against the dollar. Rupee stayed range-bound for the second consecutive day and settled 1 paisa lower at 90.96 (provisional) against the US dollar amid higher global crude oil prices and foreign fund outflows. A weaker greenback and positive sentiments in domestic equity markets prevented the rupee’s losses. The benchmark ended the session up 50.15 points, or 0.06 percent, at 82,276.07, after having surged to a high of 82,957.91 earlier on the back of firm cues from global markets as new U.S. tariffs came into effect at 10 percent under a different legal framework. The broader NSE Nifty index hit an intraday high of 25,652.60 before closing up 57.85 points. At the interbank foreign exchange, the rupee opened at 90.94 against the greenback and traded in a narrow range through the session before settling at 90.96 (provisional), down 1 paisa from its previous close.

 

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Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Feb 25 2026 | 5:50 PM IST



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Barometers pare gains; media shares decline

PNGS Reva Diamond Jewellery subscribed 67%

by | Feb 25, 2026 | Share Market


The offer received bids for 38.26 lakh shares as against 57.06 lakh shares on offer.

PNGS Reva Diamond Jewellery received bids for 38,26,240 shares as against 57,06,235 shares on offer, according to stock exchange data at 17:00 IST on Wednesday (25 February 2026). The issue was subscribed 0.67 times.

The issue opened for bidding on 24 February 2026 and it will close on 26 February 2026. The price band of the IPO is fixed between Rs 367 and 386 per share.

The IPO comprises a fresh issue of equity shares worth up to Rs 380 crore.

The objectives for the fresh issue include Rs 286.56 for funding expenditure towards setting up 15 new stores, Rs 35.4 crore for marketing and promotional expenses, and the remaining amount for general corporate purposes.

 

Ahead of the IPO, PNGS Reva Diamond Jewellery on 23 February 2026, raised Rs 920.99 crore from anchor investors by allotting 87.46 lakh shares at Rs 1,053 each to 41 anchor investors.

P.N. Gadgil & Sons, its corporate promoter, divested its diamond business through a slump sale to PNGS Reva Diamond Jewellery under a business transfer agreement (BTA). Following this transaction, PNGS Reva Diamond Jewellery operates as a separate entity in the diamond jewelry segment.

PNGS Reva Diamond Jewellery offers different types of jewellery using diamonds and precious and semi-precious stones, which are studded into precious metals such as gold and platinum. The product offerings include rings, earrings, necklaces, pendants, solitaires, bangles, bracelets, mangalsutra, nose rings, and chains to cater to diverse customer segments and occasions. Prices start at around Rs 20,000 and go up to high-value jewelry pieces.

As of September 30, 2025, the company had 13 distinct jewelry collections, including in-house design team and curated selections from third-party manufacturers and Karigars.

For the six month ended 30 September 2025, the firm recorded a consolidated net profit of Rs 20.13 crore and income from operations of Rs 156.72 crore.

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Barometers pare gains; media shares decline

Nifty settles above 25,450 mark; auto shares rally; VIX drops 4.68%

by | Feb 25, 2026 | Share Market


Domestic equity indices ended with modest gains on Wednesday, surrendering a large part of their early surge. The Sensex had rallied nearly 700 points in opening trade, staging a sharp rebound from the previous sessions steep decline, but momentum faded as the day progressed and profit-booking set in. Gains were supported by buying interest in IT, metal and auto stocks, tracking positive global cues, which helped the benchmarks end the session in the green.

Nifty traded ended above the 25,450 mark. Metal, auto and pharma shares advanced, while PSU Bank, FMCG and realty stocks declined.

As per provisional closing data, the barometer index, the S&P BSE Sensex rose 50.15 points or 0.06% to 82,276.07. The Nifty 50 index gained 57.85 points or 0.23% to 25,482.50.

 

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rallied 0.67% and the S&P BSE Small-Cap index added 0.48%.

The market breadth was negative. On the BSE, 2,065 shares rose and 2,132 shares fell. A total of 183 shares were unchanged.

The NSE’s India VIX, a gauge of the market’s expectation of volatility over the near term, dropped 4.68% to 13.49.

IPO Update:

Omnitech Engineering received bids for 9,36,012 shares as against 1,89,09,890 shares on offer. The issue was subscribed 0.05 times.

The issue opened for bidding on 25 February 2026 and it will close on 27 February 2026. The price band of the IPO is fixed between Rs 216 and 227 per share.

PNGS Reva Diamond Jewellery received bids for 40,96,864 shares as against 57,06,235 shares on offer. The issue was subscribed 0.72 times.

The issue opened for bidding on 24 February 2026 and it will close on 26 February 2026. The price band of the IPO is fixed between Rs 367 and 386 per share.

Shree Ram Twistex received bids for 36,55,91,520 shares as against 1,06,00,000 shares on offer. The issue was subscribed 34.49 times.

The issue opened for bidding on 23 February 2026 and it will close on 25 February 2026. The price band of the IPO is fixed between Rs 95 and 104 per share.

Clean Max Enviro Energy Solutions received bids for 1,76,47,406 shares as against 2,18,23,329 shares on offer. The issue was subscribed 0.81 times.

The issue opened for bidding on 23 February 2026 and it will close on 25 February 2026. The price band of the IPO is fixed between Rs 1,000 and 1,053 per share.

Buzzing Index:

The Nifty Metal index surged 2.70% to 12,399.40. The index rallied 3.65% in two consecutive trading sessions.

Lloyds Metals & Energy (up 7.46%), National Aluminium Company (up 5.04%), Vedanta (up 4.77%), Hindustan Copper (up 3.9%), Hindustan Zinc (up 3.39%), Steel Authority of India (up 2.92%), Tata Steel (up 2.75%), Jindal Steel (up 2.72%), Welspun Corp (up 2.65%) and Adani Enterprises (up 2.40%) advanced.

Stocks in Spotlight:

Larsen & Toubro (L&T) added 0.97%. The company said its Power Transmission & Distribution (PT&D) vertical has secured major EPC orders to establish electricity grid system elements in India and overseas.

Coforge rose 0.34%. The company announced that it has been awarded a $158 million five-year contract by a UK based client.

Schaeffler India rallied 4.95% after the companys standalone net profit jumped 31.5% to Rs 327.96 crore on 26.9% jump in revenue from operations to Rs 2,643.06 crore in Q4 CY2025 over Q4 CY2024.

Lupin advanced 1.77%. The company said that it has received approval from the U.S. Food and Drug Administration for its abbreviated new drug application (ANDA) for Brivaracetam oral solution 10 mg/mL.

Biocon added 1.33%. The company said that it has received approval from the United States Food and Drug Administration (U.S. FDA) for its complex formulation Liraglutide Injection.

Zelio E-Mobility gained 1.13% after the company announced the commissioning of a new manufacturing facility in Cuttack, Odisha, thereby increasing its total installed production capacity to 1,80,000 units per annum.

H.G. Infra Engineering shed 0.14%. The company said it has been declared the lowest bidder (L1) by the National Highways Authority of India (NHAI) for a road project in Odisha under the Hybrid Annuity Mode (HAM).

Rail Vikas Nigam (RVNL) slipped 1.21%. The company said that it has secured a domestic contract worth Rs 270.22 crore from Central Railway for execution of traction infrastructure works under an EPC model.

Univastu India jumped 5.12% after the company said that it has received a letter of acceptance (LoA) worth Rs 485.67 crore from IRCON International for works on Mumbai Metro Line 6 (Swami Samarth Nagar to VikhroliEEH).

Samhi Hotels advanced 2.96% after the company through its wholly-owned subsidiary, Duet India Hotels (Navi Mumbai), has signed operating agreements with Marriott Hotels India for two upcoming hotel projects in Navi Mumbai and Thane.

Global Markets:

European markets traded higher on Wednesday as global market nerves eased after U.S. President Donald Trumps universal 10% tariff came into effect rather than the threatened higher 15% rate.

Most Asian markets ended higher on Wednesday, with stocks in South Korea and Japan hitting record highs, following a tech-driven rally on Wall Street fueled by easing concerns over artificial intelligence-led disruption in select industries.

U.S. equities rose on Tuesday, led by gains in Advanced Micro Devices and software stocks, as investors fears around artificial intelligence disruption to certain industries eased.

The S&P 500 advanced 0.77% to close at 6,890.07, while the Nasdaq Composite rose 1.04% and settled at 22,863.68. The Dow Jones Industrial Average added 370.44 points, or 0.76%, and ended at 49,174.50.

Shares of AMD jumped 8.8% after Meta Platforms announced a multiyear deal with the semiconductor company. The new partnership entails deploying up to 6 gigawatts of AMDs graphics processing units for AI data centers. Meta will also invest in AMD through a performance-based warrant for up to 160 million shares of the chipmaker.

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