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

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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Nifty Metal index rallies 3%; Vedanta, Lloyds, Nalco, SAIL rally up to 5%

Nifty Metal index rallies 3%; Vedanta, Lloyds, Nalco, SAIL rally up to 5%

by | Feb 25, 2026 | Share Market



Nifty Metal index movement today

 


Shares of metal companies, including ferrous and non-ferrous metals, were rising in trade on Wednesday with the Nifty Metal index rallying 3 per cent on the National Stock Exchange (NSE) in the intraday trade.

 

At 10:49 AM, the Nifty Metal index was ruling as the top gainer among sectoral indices, and was up 2.6 per cent, as compared to a 0.75-per cent rise in the Nifty 50.

 


Vedanta, Lloyds Metals and Energy, Steel Authority of India (SAIL), National Aluminium Company (Nalco), Tata Steel, and Hindustan Zinc were up in the range of 3 per cent to 5 per cent.

 

Tata Steel (up 3 per cent at ₹216.35), and JSW Steel (₹1,278) and Jindal Steel (₹1,258.50) up 2 per cent each, hit their respective all-time highs in the intraday trade today.

 


What’s driving metal stocks higher on Wednesday?

 


Vedanta share price today rallied 5 per cent to ₹732.35 after reports said global brokerage BoFA Securities upgraded the Anil Agarwal-owned mining conglomerate to ‘Buy’ from ‘Neutral’. The brokerage firm also raised Vedanta’s share price target by 75 per cent to ₹840 from ₹480 earlier.

 

The upgrade reportedly comes on the back of BoFA’s bullish view on aluminium, supportive silver prices, and a healthy dividend yield of around 6 per cent. Additionally, reports suggest that BofA thinks significant deleveraging at the parent company has minimised the risk of an increase in brand-fee rate of inter-corporate loans. 
In another development, Vedanta’s Committee of Directors, on Wednesday, approved the issuance of Non-Convertible Debentures (NCDs) on a private placement basis worth up to ₹3,000 crore. READ HERE 


Separately, brokerage firm Nomura has initiated coverage on Lloyds Metals and Energy with a ‘Buy’ rating and a target price of ₹1,600. 


The company, Nomura said, is transitioning into an integrated steel producer with a diversified revenue base, which makes the case for a ‘meaningful upside’. CLICK HERE FOR REPORT

 


Metals & Mining sector Q3FY26 result review


For the October to December 2025 quarter (Q3FY26), non-ferrous companies posted their strongest earnings growth on higher commodity prices, stable volumes, and backward integration benefits, translating into 63bps Y-o-Y and 116bps Q-o-Q Ebitda margin expansion. 

 


“Q3FY26 results, however, reflected a divergence within the metals and mining universe, with steel and non-ferrous players demonstrating margin resilience through operational efficiencies and favorable product mix, while mining companies facing volume and cost pressures. The near-term earnings trajectory is likely to hinge on realisation trends, raw material costs, and domestic demand momentum,” analysts at Systematix Institutional Equities said.

 


Looking ahead, multiple price hikes announced by steel companies, since the implementation of safeguard duty, are expected to lift spreads in Q4FY26. Further, while the near-term earnings trajectory also depends on rising coking coal costs and import flows, capacity additions, improving product mix, and continued cost optimisation position Jindal Steel and Tata Steel relatively better within the ferrous space, the brokerage firm added.

 


Among individual stocks, analysts at Systematix Equities said Hindustan Zinc trades at 9.8x/8.3x FY7E/FY28E, reflecting strong silver-led earnings visibility and margin expansion. 

 


Vedanta’s (4.4x/4.3x FY7E/FY28E) growth, it added, would be supported by aluminium, zinc and silver, and power segments with ongoing deleveraging and upcoming demerger offering upside potential, while Hindalco’s (5.3x/4.7x FY7E/FY28E) India operations provide earnings stability, while recovery in Novelis margins and progressions on capex remain key medium term triggers.

 


Analysts Axis Securities, too, said the aluminium demand is resilient in the packaging and electrical sectors across the US and Europe. Global aluminum supply growth remained constrained in 2025 due to persistent operational disruptions. 

 


“Looking into 2026, continued supply-side volatility is expected to offset primary smelter expansions in Asia (ex-China), while Chinese production remains structurally limited by the 45Mt capacity ceiling. Conversely, demand growth persists across North America and Europe, heightening regional deficits, while China’s domestic consumption is increasingly supported by the expansion of the battery storage sector,” the brokerage firm said.

   


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Disclaimer: View and outlook shared on the stock belong to the respective brokerages and are not endorsed by Business Standard. Readers discretion is advised.



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

Quick Wrap: Nifty IT Index registers a drop of 4.74%, NIFTY Crashes 1.12%

by | Feb 24, 2026 | Share Market


Last Updated : Feb 24 2026 | 4:50 PM IST

Nifty IT index closed down 4.74% at 30053.5 today. The index has lost 21.00% over last one month. Among the constituents, LTIMindtree Ltd fell 6.84%, Tech Mahindra Ltd slipped 6.63% and Persistent Systems Ltd dropped 6.34%. The Nifty IT index has decreased 24.00% over last one year compared to the 12.73% spike in benchmark Nifty 50 index. In other indices, Nifty Realty index has slid 2.54% and Nifty Services Sector index has slid 1.46% on the day. In broad markets, the Nifty 50 has declined 1.12% to close at 25424.65 while the SENSEX has declined 1.28% to close at 82225.92 today.

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First Published: Feb 24 2026 | 4:50 PM IST



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

Market snaps two-day winning streak; Nifty settles below 25,450 marks

by | Feb 24, 2026 | Share Market


Domestic equity indices ended with sharp losses on Tuesday, snapping a two-day winning streak, dragged down by heavy selling in IT counters. Investor sentiment was dented after U.S. President Donald Trump threatened foreign nations with higher tariffs on goods exported to the United States. Meanwhile, the expiry of monthly F&O contracts on the NSE added to market volatility.

Nifty traded ended below the 25,450 mark. IT, realty and media shares declined, while metal, oil & gas and pharma stocks advanced.

As per provisional closing data, the barometer index, the S&P BSE Sensex tumbled 1,068.74 points or 1.28% to 82,225.92. The Nifty 50 index fell 288.35 points or 1.12% to 25,424.65. In the past two consecutive trading session, the Sensex and Nifty jumped 0.95% and 1.01%, respectively.

 

In the broader market, the S&P BSE Mid-Cap index slipped 0.40% and the S&P BSE Small-Cap index fell 0.76%.

The market breadth was weak. On the BSE, 1,455 shares rose and 2,766 shares fell. A total of 163 shares were unchanged.

IPO Update:

PNGS Reva Diamond Jewellery received bids for 30,18,496 shares as against 57,06,235 shares on offer. The issue was subscribed 0.53 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 55,94,976 shares as against 1,06,00,000 shares on offer. The issue was subscribed 0.53 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 92,64,052 shares as against 2,18,23,329 shares on offer. The issue was subscribed 0.42 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 IT index slumped 4.48% to 30,137.80. The index tumbled 8.88% in five consecutive trading sessions.

LTIMindtree (down 6.88%), Tech Mahindra (down 6.48%), Persistent Systems (down 6.28%), HCL Technologies (down 6.07%), Coforge (down 5.95%), Mphasis (down 3.96%), Tata Consultancy Services (down 3.79%), Infosys (down 3.79%), Oracle Financial Services Software (down 3.22%) and Wipro (down 2.84%) declined.

Stocks in Spotlight:

Bharti Airtel slipped 2.91%. The telecom major said that it will capitalise its NBFC arm, Airtel Money, with Rs 20,000 crore over the next few years.

HUDCO (down 2.11%), Piramal Pharma (down 1.42%), Tata Technologies (down 4.78%) and Torrent Power (down 0.49) to be excluded from F&O

The National Stock Exchange (NSE) has decided to exclude Housing & Urban Development Corporation (HUDCO), Piramal Pharma, Tata Technologies, and Torrent Power from the Futures & Options (F&O) segment with effect from 29 April 2026.

IDFC First Bank added 1.31%. The company said the recent volatility in its share price followed the detection of a Rs 590-crore fraud at its Chandigarh branch. The bank added that reports regarding government de-empanelment are part of the ordinary course of business.

Silver Touch Technologies declined 1.44%. The company announced that it has been selected by the FSSAI for a strategic digital transformation engagement.

Shilpa Medicare fell 2.29%. The company said that its subsidiary Shilpa Biologicals and SteinCares have entered into a strategic licensing agreement to commercialize a biosimilar across Latin America. Under the agreement, SteinCares will hold exclusive rights to register, commercialize, and distribute the biosimilar across the region while Shilpa Biologicals will complete product development and provide long-term commercial manufacturing from its facility in Dharwad, India.

Brahmaputra Infrastructure hit an upper circuit of 5% after it has emerged as the L-1 bidder for a National Highway project awarded by the Ministry of Road Transport & Highways (MoRTH), Government of India.

Larsen & Toubro (L&T) fell 3.51%. The company said its Heavy Civil Infrastructure (HCI) and Heavy Engineering (HE) verticals have jointly secured a significant order from the Department of Atomic Energy for the LIGO India Observatory in Maharashtra.

Samvardhana Motherson International rose 1.11%. The company announced that it has launched a manufacturing facility in Sanand, Gujarat, dedicated to producing cutting-edge exterior lighting systems. The facility has been set up under a strategic joint venture with Marelli, namely Marelli Motherson Automotive Lighting India (MMLI). The joint venture strengthens the groups capabilities in automotive component manufacturing. MMLI is a 50:50 partnership between Samvardhana Motherson International and Marelli Europe S.p.A.

Signpost India rose 0.23%. The company has secured exclusive outdoor advertising rights from the Kolkata Municipal Corporation under the Kolkata Streetscape Renaissance project in a Rs 450-crore, 10-year public-private partnership contract.

Waaree Energies rallied 3.68% after the company announced that it has received an order to supply 500 MW of solar modules from a renowned domestic solar power developer and independent power producer (IPP).

Indoco Remedies advanced 2.58% after it has received final approval from the US Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Brivaracetam Oral Solution, 10 mg/mL.

Caplin Point Laboratories slipped 1.08%. The company announced that its subsidiary, Caplin Steriles, has received final approval from the United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Sodium Phosphates Injection USP.

KEC International added 1.38% after the company announced that it has secured new orders worth Rs 1,002 crore across its Transmission & Distribution (T&D) and Cables & Conductors businesses.

Global Markets:

European market declined on Tuesday as investors assess the new global trading landscape after U.S. President Donald Trumps latest tariff move.

Asian markets ended mixed as investors weighed renewed tariff threats from U.S. President Donald Trump and concerns that artificial intelligence could disrupt software companies.

Trump posted on Truth Social Monday that any country that wants to play games with the Supreme Court decision will be met with a much higher tariff.

The comments followed a Supreme Court decision Friday striking down tariffs enacted under the International Emergency Economic Powers Act. In response, Trump said he would impose a 15% global tariff under Section 122 of the 1974 Trade Act.

Investors in Asia were also assessing Chinas loan prime rate (LPR) decision. Chinas central bank on Tuesday kept its benchmark lending rates unchanged at 3% for the one-year LPR and 3.5% for the five-year LPR.

Overnight on Wall Street, U.S. equities tumbled on Monday as investors grappled with persistent fears around artificial intelligence disruptions to various industries and President Donald Trumps decision to raise his global tariffs.

The Dow Jones Industrial Average dropped 821.91 points, or 1.66%, to close at 48,804.06, while the Nasdaq Composite declined 1.13% and ended at 22,627.27. The S&P 500 shed 1.04% and closed at 6,837.75, putting it into the red once again for 2026.

The 30-stock Dow was dragged down by IBM shares, which declined 13% on the heels of Anthropic outlining new programming capabilities for its Claude Code product.

Software stocks such as Microsoft and CrowdStrike were under pressure yet again as AI disruption worries hovered over the market. However, software hasnt been the only sector to be hit due to AI fears recently: Stocks linked to trucking and logistics, commercial real estate and financial services have similarly suffered losses this month.

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

Ethos opens new boutique at Vasant Kunj, New Delhi

by | Feb 24, 2026 | Share Market


Last Updated : Feb 24 2026 | 3:31 PM IST

Ethos has inaugurated a new exclusive boutique of Jacob & Co. located at FF-243, DLF Emporio, Vasant Kunj, New Delhi-110070.

This boutique marks a significant milestone in strengthening our luxury brand portfolio and further consolidates our presence in one of India’s most prominent luxury retail markets. With this launch, the Company continues to make the world’s most exclusive brands more accessible to discerning customers in India, in line with our strategic vision of delivering unparalleled luxury experiences.

With the opening of this new boutique at New Delhi, we now have 90 boutiques across India.

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

First Published: Feb 24 2026 | 3:31 PM IST



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