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Sensex, Nifty trade higher with notable gains on recovery in IT, Teck stocks
Feb-25-2026

Indian equity benchmarks made an optimistic start on Wednesday tracking firm cues from global peers. Sensex and Nifty were trading higher with notable gains of over half a percent each in early deals on account of recovery in IT and Teck stocks following a tech-led rally on Wall Street as concerns over artificial intelligence-driven disruption in certain industries eased. Developments surrounding India’s free trade agreements (FTAs) with other countries, added to the positive sentiments across markets. India and the Gulf Cooperation Council signed the Joint Statement for a FTA, marking a major step towards deeper collaboration in key strategic areas. India and Canada are likely to soon finalise terms of reference to start negotiations for a FTA later this week. India and Israel have started the first round of negotiations for FTA with an aim to further boost commercial ties and promote investments.

On the global front, Asian markets were trading mostly higher, following the broadly positive cues from Wall Street overnight, boosted by strong gains in technology stocks. The Bank of Japan said producer prices in Japan were up 2.6 percent on year in January. That was in line with expectations and unchanged from the December reading.

The BSE Sensex is currently trading at 82731.47, up by 505.55 points or 0.61% after trading in a range of 82488.26 and 82807.25. There were 22 stocks advancing against 8 stocks declining on the index.

The top gaining sectoral indices on the BSE were IT up by 2.11%, TECK up by 1.56%, Metal up by 1.44%, Auto up by 0.81% and Basic Materials up by 0.73%, while Telecom down by 0.11%, Capital Goods down by 0.05% were the only losing indices on BSE.

The top gainers on the Sensex were HCL Technologies up by 2.34%, Infosys up by 2.32%, Interglobe Aviation up by 2.15%, TCS up by 2.02% and Tech Mahindra up by 1.96%. On the flip side, SBI down by 0.55%, Ultratech Cement down by 0.47%, Eternal down by 0.37%, Bajaj Finance down by 0.26% and Kotak Mahindra Bank down by 0.16% were the top losers.

Meanwhile, a research report from State Bank of India's (SBI’s) Economic Research Department has showed that the Indian economy is likely to record a growth rate close to 8.1 per cent for the September-December quarter of current fiscal year (Q3FY26) under the revised series with the new base year of 2022-23. It also said given significant methodological changes, it is difficult to predict the direction of revision.

It said high-frequency activity data indicates resilient economic activity in Q3FY26. It noted that rural consumption remains strong, driven by positive signals from farm and non-farm activity. It said urban consumption shows a consistent uptick since the last festive season, supported by fiscal stimulus.

It further said Scheduled Commercial Banks' (SCBs) deposit growth remains muted compared to credit growth. It said with the rise in CD ratio, the gap between deposits and credit growth has increased, but such gaps are nothing new to the banking system. As per the latest RBI data, aggregate deposits grew by 12.5 per cent, while credit grew by 14.6 per cent.

India witnessed a growth rate of 8 per cent in the first half of the ongoing financial year ending in March 2026 (H1FY26). According to the first advance estimate of the National Statistics Office (NSO) last month, real GDP has been estimated to grow by 7.4 per cent in FY 2025-26 against the growth rate of 6.5 per cent in the previous financial year. The second advance estimates of GDP for FY26, incorporating additional data and revisions, are scheduled to be released on February 27.

The CNX Nifty is currently trading at 25575.95, up by 151.30 points or 0.60% after trading in a range of 25507.90 and 25594.95. There were 39 stocks advancing against 11 stocks declining on the index.

The top gainers on Nifty were Infosys up by 2.52%, HCL Technologies up by 2.47%, Tech Mahindra up by 2.33%, Interglobe Aviation up by 2.14% and TCS up by 2.14%. On the flip side, Dr. Reddy's Lab down by 1.22%, Max Healthcare Inst down by 0.81%, Ultratech Cement down by 0.54%, SBI down by 0.52% and Eternal down by 0.35% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 1383.91 points or 2.41% to 58,705.00, Taiwan Weighted jumped 559.39 points or 1.61% to 35,260.21, Hang Seng rose 199.68 points or 0.75% to 26,790.00, KOSPI increased 134.57 points or 2.25% to 6,104.21, Shanghai Composite strengthened 49.31 points or 1.2% to 4,166.72 and Jakarta Composite gained 28.22 points or 0.34% to 8,309.05, while Straits Times was down by 6.73 points or 0.13% to 5,014.06.
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