Markets open lower amid mixed global cues; turn volatile later
The Hindu
Indian markets open lower amid mixed global cues, with Sensex and Nifty experiencing early declines and later volatility.
Benchmark equity indices Sensex and Nifty began the trade on a weak note on Monday (February 16, 2026), tracking a mixed trend in global markets, but later turned volatile as investors engaged in selective buying after early losses.
The 30-share BSE Sensex declined 349.81 points, or 0.42%, to 82,276.95 in early trade. The broader NSE Nifty dropped 98.4 points to 25,372.70.
Later, both the benchmark indices turned volatile, swinging between gains and losses. The Sensex quoted 136.04 points higher at 82,762.80, while the 50-share NSE Nifty rose 51.15 points to 25,522.25 after initial decline.
Among the Sensex constituents, PowerGrid, HDFC Bank, NTPC, Bajaj Finserv, Sun Pharmaceuticals, Eternal, HCL Technologies, ITC, Trent, Asian Paints, and Tata Steel were the gainers.
On the other hand, Infosys, Adani Ports, State Bank of India, Hindustan Unilever, Tech Mahindra, Reliance Industries, Titan, UltraTech Cement, ICICI Bank, and Tata Consultancy Services (TCS) were among the major laggards.
"The IT sell-off last week will continue to weigh on markets in the near-term. The mild recovery in IT ADRs on Friday is unlikely to support IT stocks. Institutions are likely to continue selling IT stocks and switch to sectors like financials, automobiles, capital goods, telecom and pharma where there is good earnings growth visibility," V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd, said.
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