Sensex Surges 650 Points, Nifty Reclaims 25,680 Amid Buying in HDFC Bank, Reliance
- 16th February 2026
- 05:45 PM
- 2 min read
Summary
Indian equities recovered sharply on Monday, with late buying in banking and energy heavyweights lifting benchmarks despite continued weakness in IT stocks.Mumbai | February 16
Indian equity markets staged a strong late-session rebound on Monday, snapping a two-day losing streak as investors engaged in bottom fishing across heavyweight names.
The BSE Sensex advanced 650.39 points, or 0.79%, to close at 83,277.15. The Nifty 50 rose 211.65 points, or 0.83%, to settle at 25,682.75.
Markets opened lower tracking weak global cues and continued concerns around AI-led disruptions in IT. However, buying interest in index heavyweights including HDFC Bank and Reliance Industries helped benchmarks reverse losses in the second half..
Within the Nifty 50, Power Grid Corporation of India, Coal India, HDFC Bank, and Axis Bank were among the top gainers. On the flip side, Tech Mahindra, Wipro, Infosys, and Bajaj Finance remained under pressure as IT stocks extended their recent weakness.
Broader participation was selective. The Nifty Midcap 100 gained 0.5%, while the Nifty Smallcap 100 edged up 0.11%.
On the sectoral front, Power, PSU Bank, Realty, Private Bank, Infra, Capital Goods and Energy indices advanced 1–2%, reflecting broad-based strength in cyclical and rate-sensitive segments. In contrast, Media and Auto indices declined 0.5–1%.
Stocks in Focus
Capital market-related stocks declined sharply after the Reserve Bank of India tightened norms for bank exposure to capital markets. BSE Ltd and Angel One fell up to 10% during the session.
Among earnings movers, Engineers India Limited surged over 14% to a six-month high after strong Q3FY26 results. GMR Airports climbed more than 7% following robust quarterly numbers, reversing a four-day losing streak.
Investors will now watch global cues, sectoral rotation trends, and stock-specific developments for further direction.
For daily market updates and stock-specific insights, follow PL Capital.
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