Markets rebound nearly 1% on buying in power, banking stocks
The Hindu
Markets rebound nearly 1% as banking and power stocks drive gains, with Sensex rising 650.39 points and Nifty 211.65 points.
Equity benchmark indices Sensex and Nifty rebounded sharply by nearly 1% on Monday (February 16, 2026), driven by strong buying in power, banking, and financial stocks.
Snapping its three-day decline, the 30-share BSE Sensex jumped 650.39 points, or 0.79%, to close at 83,277.15.
The 50-share NSE Nifty advanced 211.65 points, or 0.83%, to settle at 25,682.75.
PowerGrid emerged as the top gainer in the Sensex pack, rising 4.45 per cent, followed by HDFC Bank, Axis Bank, NTPC, ITC, Asian Paints, Bajaj Finserv, Bharti Airtel, Adani Ports, Tata Steel, Kotak Mahindra Bank, Reliance Industries and State Bank of India.
On the other hand, Tech Mahindra, Maruti Suzuki India, Bajaj Finance, Trent, Mahindra & Mahindra, Titan, Infosys, ICICI Bank, and UltraTech Cement were the laggards.
"After a range-bound opening, domestic markets edged higher, supported by renewed buying interest in banking and power stocks. The power sector gained on expectations of sustained demand momentum. At the same time, improved loan growth and stable asset quality bolstered confidence in banks," Vinod Nair, Head of Research, Geojit Investments Ltd, said.
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