POST MARKET
Indian benchmark indices snapped their two-day losing streak and ended higher on February 16, driven by strong buying interest in power, energy, realty, and financial stocks, which helped lift overall market sentiment despite intraday fluctuations.
At close,
Sensex ↓↑ up 650.39 points or 0.79 percent at 83,277.15
Nifty ↑ added 211.65 points or 0.83 percent at 25,682.75.
About 1676 shares advanced, 2443 shares declined, and 181 shares were unchanged.
Top gainers – Power Grid Corporation, Coal India, HDFC Bank, Adani Enterprises, and Max Healthcare,
Top losers – Tech Mahindra, Bajaj Finance, Maruti Suzuki, Eicher Motors, and Tata Motors Passenger Vehicles.
On the sectoral front, Power, PSU Bank, Realty, Private Bank, Infra, capital goods, and energy indices gained 1-2 percent, while media and auto shed 0.5-1%.
Broader indices underperformed the main indices with the Nifty midcap index rising 0.5 percent, while the smallcap index ended on a flat note.
STOCKS IN NEWS
Religare Enterprises
Shares of investment and financial services holding company Religare Enterprises Ltd (REL) fell almost 5 percent on February 16 as the Burman family-backed firm has approved a plan to demerge its financial services and insurance businesses into two separately listed entities, in a move aimed at unlocking shareholder value and sharpening strategic focus.
Ola Electric Mobility
The shares of Ola Electric Mobility tumbled nearly 6.77 percent on February 16 after the company released its results for the October-December quarter of the ongoing financial year 2026. The company reported consolidated revenue from operations at Rs 470 crore for Q3 FY26. This marks a 55 percent year-on-year (YoY) fall from the Rs 1,045 crore revenue from operations reported in the same period of the previous financial year.
Natco Pharma
Natco Pharma shares climbed over 6.5 percent on February 16 after receiving approval for Semaglutide from CDSCO to manufacture and market generic Semaglutide Injection in India. Semaglutide is used to manage chronic weight and treat type-2 diabetes.
Kfin Tech
The shares of Kfin Technologies and Torrent Pharma gained almost 4 percent on February 16 after the two companies reported strong results for the October-December quarter of the ongoing financial year 2026. The company reported a consolidated net profit of Rs 91.99 crore for the third quarter of FY26. This marks a 2 percent year-on-year (YoY) rise from the Rs 90.18 crore net profit reported in the corresponding quarter of the previous financial year.
Tech Mahindra
The shares of Indian IT company Tech Mahindra extended their decline, with almost 1.5 percent decline on February 16 as worries around artificial intelligence-led disruption in the sector continued to spook investors.
Source – Moneycontrol
