India’s benchmark Nifty 50 index pared early gains and closed 0.4% lower after a volatile trading session. Despite strong openings driven by banking and IT stocks, profit booking and global market cues weighed on sentiment. Analysts expect near-term consolidation as investors monitor inflation data and global economic signals.
The Nifty 50 index, India’s key equity benchmark, witnessed choppy trading on February 23, 2026, as it slipped 0.4% after paring early gains. The index initially opened strong, supported by HDFC Bank and Tech Mahindra, but profit booking in heavyweight stocks and cautious global sentiment led to a pullback.
Market experts suggest that while domestic fundamentals remain resilient, global uncertainties and inflationary pressures are prompting investors to adopt a wait-and-watch approach. The index is expected to consolidate in the near term, with sectoral rotation likely to drive momentum.
Key Highlights
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Index Movement: Nifty 50 closed 0.4% lower after early gains.
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Opening Boost: Banking and IT stocks supported initial rally.
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Profit Booking: Heavyweights dragged the index down.
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Global Cues: Inflation concerns and global market volatility weighed on sentiment.
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Outlook: Analysts expect near-term consolidation with selective sectoral strength.
Sources: National Stock Exchange (NSE), Economic Times, INDmoney