📊 Stock Market Blog – 24 February 2026

Market Outlook, Global Cues & Sector-Wise Strategy 🌍 Global Market Snapshot Global markets remained volatile amid fresh tariff developments and concerns over AI-driven disruption in IT companies. US Markets: The Dow Jones Industrial Average fell ~900 points (–1.7%), while the Nasdaq Composite declined 1%, mainly due to selling in IT and AI-linked stocks. Asian Markets: Mixed performance. China & Hong Kong gained ~0.5%, while South Korea and Taiwan corrected from higher levels. Commodities: Gold surged 1.4% to $5,180/oz amid trade uncertainty. Brent Crude jumped above $72/barrel (7-month high). Tariff Update: US revised global import tariff to 15% (from 18%), effective immediately. This has mixed implications across sectors. 🇮🇳 Indian Market Overview Nifty Close: 25,713 (+0.6%) Sensex Close: 83,294 (+480 points) Gift Nifty: Indicating ~100 point weak opening FII Activity: Net buyers (~₹3,500 crore) DII Activity: Net sellers (~₹1,292 crore) Despite global weakness, strong domestic macro data and FII buying are supporting sentiment. However, February F&O expiry may keep markets volatile and range-bound. 📈 Sector-Wise Outlook & Opportunities 🛢️ Oil & Gas (Upstream) – Positive Bias Why Positive? Crude at 7-month high Goldman Sachs oil target raised to $90 Geo-political tensions support prices Key Stocks: Oil and Natural Gas Corporation Oil India Limited 🚗 Auto & Auto Ancillary – Sentiment Boost US reduced tariff from 18% to 15% India is a key auto component exporter Outlook: Positive for export-oriented ancillary companies. 🏦 PSU Banks – Strong Setup Attractive valuations Strong quarterly numbers Improving credit growth Watch: PSU banking space for momentum continuation. 🏗️ Capital Goods – Earnings Driven Rally Strong results from: ABB India Siemens Limited Cummins India Union Budget’s higher capex allocation further strengthens outlook. 🧪 Chemicals – Improving Trade Environment Tariff reduction to 15% benefits exporters Margin stability expected Selective buying recommended. 💻 IT Sector – Caution ADR weakness: Infosys Limited – down 5% Wipro Limited – down 3% Nasdaq tech correction AI disruption concerns Short-term weakness may continue. 📊 Technical View Nifty Support: 25,600 → 25,500 Resistance: 25,850 → 26,000 Range: 25,500 – 25,900 (Immediate) Bank Nifty Support: 61,000 → 60,750 Resistance: 61,500 → 61,765 Range: 60,750 – 61,765 PCR: ~1.0 (Neutral to Slightly Positive) 📌 Actionable Sector Strategy Sector View Oil & Gas Buy on dips PSU Banks Positive Capital Goods Accumulate Auto Ancillary Positive Chemicals Selective Buy IT Avoid fresh longs ⚠️ Key Risks Global tariff uncertainty AI-led earnings pressure in IT Crude oil volatility F&O expiry volatility 🔗 Useful Market Links NSE India: https://www.nseindia.com� BSE India: https://www.bseindia.com� SEBI: https://www.sebi.gov.in� RBI: https://www.rbi.org.in� 📝 Conclusion Markets are likely to remain range-bound with stock-specific action. Oil, PSU Banks, and Capital Goods sectors show strength, while IT remains under pressure. Any dip near support zones may offer selective buying opportunities. 📢 Disclaimer This article is for educational and informational purposes only. We are not SEBI registered advisors. Investments in the securities market are subject to market risks. Please consult your financial advisor before making any investment decisions. Past performance is not indicative of future results.