Indian benchmark indices traded positive throughout the session and ultimately closed green.
Indian equity benchmarks indices, Sensex and Nifty50 staged a comeback to end higher on Friday, a day after a rout, led by gains in PSU bank and metal stocks. The indices posted gains even as tensions between the US and Iran weighed on Asian stocks.
At the closing bell on Friday, the BSE Sensex closed higher by 316 points (up 0.4%).
Meanwhile, the NSE Nifty closed 117 points higher (up 0.4%).
NTPC, HUL, Power Grid Corp are among the top gainers today.
Tech Mahindra, Infosys, Eternal on the hand, were among the top losers today.
For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.
The BSE MidCap index ended 1.6% higher and BSE SmallCap index ended 2.5% higher.
Baring IT sector all sectoral indices were trading positive on Friday with stocks in power sector and banking sector witnessed buying.
Speaking of stock markets, Rahul Shah, Research Analyst at Equitymaster, explains that many people confuse buying popular stocks like Nykaa with true investing, but often it's just speculation.
He applies Benjamin Graham's "Graham Test" to Nykaa, checking for thorough analysis, safety of principal, and adequate returns. Nykaa's extremely high P/E ratio and low margin of safety show it is priced for future growth rather than current value.
While it may still be profitable for some, Graham would classify it as speculation, not a sound investment.
Watch to know more.
Paras Defence share price will be in focus today.
Shares of Paras Defence came into after it acquired a 49% stake in Himanshi Thermal Solutions from DefSpace Technologies. With this, Himanshi Thermal Solutions has become an associate company of Paras Defence and Space Technologies.
GHV Infra shares will also be a top buzzing stock.
Shares of GHV Infra Projects came into focus after the company received the Letter of Award (LOA) from Enmas EPC Power Projects (JV).
Shares of 5paisa Capital came into focus after the company informed its board to meet on Tuesday, 24 February 2026, to consider and approve a proposal to raise funds.
5paisa Capital said in a filing that its board will consider raising funds by issuing equity shares or other permitted securities, in line with applicable laws and subject to required regulatory and statutory approvals.
Shares of Novartis India came into focus after its Swiss parent, Novartis AG, agreed to sell its entire stake to a consortium.
Novartis India Ltd said in an exchange filing that its Swiss parent, Novartis AG, has agreed to sell 17.4 million fully paid-up equity shares, representing 70.68% of the company, to a consortium of WaveRise Investments Ltd, ChrysCapital, and Two Infinity Partners. The transaction was completed on February 19, 2026.
The consortium has also launched an open offer to acquire up to 26% of Novartis India at Rs 860.84 per share for public shareholders. Following the deal, Novartis India will remove all references to the Novartis group from its name within 120 days and complete necessary post-closing regulatory requirements.
After the transaction, Novartis AG will no longer be classified as the promoter, and the consortium will take control of the company and be recognized as its new promoters under the law.
Waaree Energies is reportedly in discussions with the Andhra Pradesh government and other state governments to set up a new greenfield manufacturing facility for Lithium-Ion Advanced Chemistry Storage Cells and Battery Energy Storage Systems (BESS).
According to reports, the project is part of the company's plan to increase its production capacity from the current 3.5 GWh to 20 GWh, with an additional investment of around Rs 80 bn through its wholly owned subsidiary, Waaree Energy Storage Solutions Private Limited (WESSPL). The board approved these expansion plans on 1 October 2025.
WESSPL reportedly plans to build a 16 GWh lithium-ion cell Gigafactory at Rambilli in Anakapalli district, which will include cell manufacturing, battery packs, and large-scale BESS. The project is expected to cost about Rs 81.75 bn and create approximately 3,000 direct jobs.
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