Nifty ended 14 points higher, while the Sensex declined by 27 points.
Shrikant Chouhan,
Head Equity Research,
\Kotak Securities
Mumbai, 26 February 2026: Today, the benchmark indices experienced narrow-range activity, with the Nifty ending 14 points higher while the Sensex declined by 27 points. Among sectors, Defence, Pharma, and Healthcare indices rallied over 1 percent. Technically, after a muted open, the market hovered throughout the day within the 25,400/82000 to 25,570 /82500 range. The intraday activity was non-directional, with bearish candle on the daily charts indicating indecisiveness between bulls and bears.
We are of the view that the current market texture is non-directional, and traders are likely waiting for either side to breakout. On the higher side, 25,600/82600 would be the immediate breakout zone for traders. Above this level, the market could rally towards 25,700-25,750/82900-83000. On the flip side, below 25,400/82000, selling pressure is likely to accelerate. If the level is breached, the market could slip to 25,300-25,275/81700-81600.
