Liquide Market Summary 24th February 2026
Markets snapped a two-day winning streak on February 24, closing sharply lower with the Nifty slipping below 25,450. The sell-off was primarily led by heavy selling in IT stocks amid rising concerns over AI-led disruption.
Indian Stock Market Today: Indian benchmark indices snapped a two-day winning streak on February 24, closing sharply lower with the Nifty slipping below 25,450. The decline was primarily led by heavy selling in IT stocks amid rising concerns over AI-led disruption.
The market opened on a weak note with the Nifty below 25,650 tracking mixed global cues and witnessed sustained selling pressure through the session. The index fell below 25,350 intraday as fresh worries around US tariffs and ongoing geopolitical tensions weighed on sentiment.
The broader market also ended in the red, with the Nifty Midcap index down 0.3% and the Smallcap index declining 0.55%. On the sectoral front, IT emerged as the worst performer, plunging over 4.5%, followed by Realty which fell 2.5%.
NIFTY: The index opened 71.20 points lower at 25,641.80, reached a high of 25,641.80 and closed at 25,424.65. Nifty formed a bearish candle with a lower shadow, indicating that bears are in control despite buying interest at lower levels. Immediate resistance is placed at 25,530, while immediate support stands at 25,360.
BANK NIFTY: The index opened 127.85 points higher at 61,392.10, reached a high of 61,435.65 and closed at 61,047.30. Bank Nifty also formed a bearish candle with a lower shadow, suggesting minor weakness along with buying support at lower levels. Immediate resistance is placed at 61,350, with support around 60,750.
Stocks in News
- Indoco Remedies: Stock surged 7% intraday after the company received final USFDA approval for its ANDA of Brivaracetam Oral Solution, used for the treatment of partial-onset seizures in patients aged one month and above.
- Waaree Energies: Stock climbed nearly 4% after the company secured a 500 MW solar module supply order from an independent power producer, strengthening its order book visibility.
- One Mobikwik: Stock advanced 2% after its wholly-owned subsidiary, MobiKwik Securities Broking, received approval from BSE to commence its stock broking operations.
Other News
- European and Asian equities were mixed, as investors stayed cautious amid global trade and tariff uncertainty, tracking Wall Street’s decline on renewed artificial intelligence disruption concerns.
- Oil prices hovered near seven-month highs on Tuesday, as traders evaluated potential supply risks from any military escalation ahead of another round of U.S.–Iran nuclear talks.
- Gold prices declined more than 1%, retreating from a three-week high touched earlier in the session. A stronger US dollar and profit-booking pressured bullion, while investors awaited further clarity on President Trump’s tariff plans.
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