Bullish News
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Indian Rupee edges up to 90.67 against US Dollar in early trade
The Indian Rupee recorded a marginal gain of **6 paise** during early trade on Wednesday, February 18, 2026, opening at **90.64** against the US Dollar. This performance reflects a slight recovery from the previous session's close of **90.67**, as the currency navigates a landscape defined by cooling energy costs and fluctuating institutional flows. A primary tailwind for the Rupee is the softening of global crude prices. West Texas Intermediate (WTI) futures are currently trading near **$62 per barrel**, while Brent crude has retreated toward the **$67** mark. This downward trend is largely attributed to progress in U.S.-Iran diplomatic discussions, which has effectively reduced the geopolitical risk premium that previously inflated oil costs. Institutional investment activity remains a critical variable for domestic currency stability. While Foreign Institutional Investors (FIIs) have shown early signs of a strategic shiftāturning net buyers in **eight of the last thirteen** sessionsāthe momentum is currently described as cautious. Recent data shows a minor net equity outflow of **ā¹214 crore**, though these pressures are being balanced by the consistent "shock absorber" role of Domestic Institutional Investors (DIIs). Domestic equity markets started the day on a flat to choppy note. The **BSE Sensex** hovered near **83,438**, while the **Nifty 50** struggled to maintain the **25,700** level, down roughly **9 points** in early exchanges. This lukewarm stock market performance has acted as a ceiling for the Rupee's appreciation, keeping gains modest. Foreign exchange reserves remain a pillar of support for the currency, despite a recent dip. Indiaās reserves currently stand at **$717.6 billion**, providing an import cover of over **11 months**. While the reserves fell by **$6.7 billion** in the most recent reporting week due to valuation changes in non-dollar assets and gold holdings, the overall buffer remains robust by historical standards. Market analysts expect the Rupee to remain range-bound in the near term. Traders are closely monitoring upcoming global triggers, specifically the Federal Open Market Committee (FOMC) meeting minutes and U.S. durable goods orders. These data points will influence the **Dollar Index**, which is currently holding around **97.23**, and ultimately dictate the Rupee's direction in the final sessions of the week.
The Expansion of Institutional Investment Strategies in Private Credit
Private Credit: The New Capital Standard The Indian financial landscape is undergoing a structural transformation as private credit shifts from an alternative niche to a cornerstone of modern capital stacks. In the first half of fiscal **2026**, this momentum has accelerated, driven by a widening investor base and a significant wave of corporate refinancing. Current data shows that private credit deal volumes in India reached approximately **$9 billion** in the first half of **2025**, marking a **53%** increase over the previous year. Total assets under management (AUM) for the sector have now scaled beyond **$30 billion**, establishing India as the largest and most active private credit market in Asia. Market Dynamics and Yields While traditional bank credit remains substantial, crossing the **ā¹200 lakh crore** milestone in early **2026**, private credit is capturing the high-growth, bespoke segment of the market. Investors are increasingly drawn to the asset class for its "capital scarcity premium." Senior secured and unitranche transactions in India are currently pricing in the **14% to 18%** range. More complex, distressed, or special situation debt can see yields climbing toward **19.75%**, offering a significant spread over traditional fixed-income instruments. Sectoral Leadership and Deployment Capital allocation is increasingly concentrated in capital-intensive sectors where traditional lenders have retreated due to tighter regulatory constraints. * **Infrastructure & Data Centers:** Leading the charge, driven by a **$1.5 trillion** capital expenditure outlook for digital infrastructure. * **Real Estate & Logistics:** Utilizing structured credit for bridge financing and last-mile funding. * **Healthcare & Manufacturing:** Seeking flexible, long-dated financing for capacity expansion. Nearly **17%** of the capital deployed in recent months has been directed toward forward-looking growth initiatives, including strategic acquisitions and capacity building. Structural Evolution The market is entering a mature phase characterized by "institutionalization." Deal sizes are expanding, with transactions exceeding **$100 million** becoming standard for mid-to-large corporates. New fund structures are also democratizing access. Evergreen and semi-liquid vehicles are allowing wealth managers and family offices to participate alongside global institutional investors. This influx of domestic capital is complementing the **55%** of inflows historically provided by global funds. Risk and Resilience As the market scales, risk is shifting from being opaque to being "priceable." Improved recovery prospects under the Insolvency and Bankruptcy Code (IBC) and tighter underwriting standards have bolstered investor confidence. While the global private credit default rate is often cited below **2%**, analysts suggest a "true" rate closer to **5%** when accounting for selective defaults and liability management. In India, robust collateral frameworks and strengthened covenant packages are being used to manage these pressures as the market faces its first major test through a full credit cycle. Private credit now functions as a vital, permanent component of the financial ecosystem, providing the flexible, growth-oriented capital required for the next phase of Indian corporate evolution.
US Market Outlook: Federal Reserve Policy Priorities Amid Inflation, AI, and Labor Trends
San Francisco Fed President Mary Daly recently reaffirmed the central bankās commitment to a restrictive policy stance, emphasizing that inflation reduction remains the primary objective. Despite market optimism regarding artificial intelligence, Daly noted a significant lack of macroeconomic evidence showing an AI-driven productivity surge. The Federal Reserve is currently maintaining the federal funds rate in a target range of 3.50% to 3.75%. While the central bank implemented three rate cuts in late 2025, the FOMC voted 10ā2 in late January 2026 to hold rates steady. This "hawkish pause" reflects concerns over core inflation, which remains stubbornly elevated near 3.0%. Macroeconomic data highlights a complex economic landscape. Headlines show the U.S. economy is projected to grow by 2.25% to 2.5% in 2026. However, the labor market is entering a "selective thaw" characterized by a "low-hire, low-fire" environment. Job openings have plummeted to 6.5 million, the lowest level since 2020. Labor market vulnerabilities are becoming more apparent as hiring becomes highly concentrated. In January 2026, the healthcare sector accounted for 123,500 new jobs, nearly four times the gains of any other sector. Meanwhile, professional and business services saw a sharp decline of 257,000 openings, suggesting that firms are exercising extreme caution. The impact of AI on corporate earnings remains uneven. While "Magnificent Seven" tech giants are projected to see 18% earnings growth this year fueled by a combined $700 billion in capital expenditure, the rest of the S&P 500 expects a more modest 11% increase. Analysts suggest that most companies outside the tech sector have yet to see AI translate into improved profit margins. Daly drew historical parallels to the 1990s tech boom, suggesting that while AI could eventually boost productivity by 0.3% to 0.6% annually, the economy is "not there yet." For now, the Fed remains focused on ensuring that growth does not reignite price pressures, with the next potential rate cut not anticipated by markets until June 2026. Current indicators show headline PCE inflation at 2.4% and core PCE at 2.5%, down from 3.0% in late 2025. Despite this progress, officials like Daly and Governor Michael Barr signal that rates must remain steady to ensure a sustainable return to the 2% target. Business leaders continue to navigate this environment by prioritizing efficiency over aggressive payroll expansion.
Silver and Gold Prices Rise as Precious Metals Rebound Despite Easing Geopolitical Tensions
Precious Metals Market Brief **February 18, 2026** Precious metals are navigating a complex landscape today as early gains on the **MCX** struggle against shifting global sentiments. While futures opened with upward momentum, a broader correction is underway across both gold and silver. Gold Performance and Trends Gold prices have pulled back from recent historic highs, currently hovering near **$4,880** per ounce in international spot markets. On the domestic front, **MCX Gold** futures have softened to approximately **ā¹74,500** per 10 grams, marking a significant intraday decline of nearly **ā¹1,800**. Physical gold rates in major Indian cities reflect this cooling trend. In **Delhi** and **Mumbai**, 24K gold is retailing around **ā¹15,435 to ā¹15,450** per gram, a drop of roughly **1.4%** from the previous session. This correction follows a volatile period where prices peaked at over **ā¹16,000** earlier this month. Silverās Sharp Correction Silver is experiencing much higher volatility compared to gold. **MCX Silver** futures have crashed to **ā¹2,60,000** per kg, a sharp daily drop of **ā¹8,000** or roughly **3%**. This follows a massive rally in January where the metal surged by **47%**, reaching levels as high as **ā¹4,10,000** per kg. The current downturn is attributed to a "double-hit" on silverās dual identity. As a safe haven, it is losing ground due to geopolitical de-escalation; as an industrial metal, it is under pressure from a strengthening **US Dollar Index** and a temporary dip in tech-sector demand. Key Market Drivers Geopolitical tensions are providing less support for prices as progress in **US-Iran negotiations** in Geneva fuels hopes for regional stability. This de-escalation has reduced the "fear premium" that previously drove investors toward bullion. Simultaneously, a resilient US labor marketāevidenced by recent jobs dataāhas shifted expectations for **Federal Reserve** rate cuts. Investors now anticipate the first cut may not arrive until **July 2026**, bolstering the dollar and increasing the opportunity cost of holding non-yielding metals. Market Outlook Domestic physical demand remains steady in regions like **Kolkata** and **Chennai** due to wedding season preparations, which may provide a soft floor for prices. However, institutional analysts are currently advising caution. With the **Relative Strength Index (RSI)** for silver recently hitting overbought levels near **75**, further technical corrections are possible. Market participants are largely "fence-sitting" this week, avoiding fresh positions until clearer signals emerge from upcoming global economic data.
Dilip Buildcon Surges 4% After Securing L1 Status for ā¹702 Crore Gujarat Flood Control Project
Dilip Buildcon has reached a significant operational milestone, emerging as the lowest bidder (L1) for a major flood protection project in Gujarat. The contract, valued at **668.02 crore**, focuses on constructing an embankment along the Narmada River in the Bharuch district. The project is structured on an Engineering, Procurement, and Construction (EPC) basis. The company is expected to complete the works within a **24-month** timeline. This win further strengthens the firmās presence in Gujarat, following a recent **124 crore** contract for an air turbine fuel pipeline. As of February 18, 2026, Dilip Buildconās share price reacted positively to the news, surging over **3.6%** to reach approximately **450.70**. The companyās market capitalization currently stands near **7,065 crore**, reflecting investor confidence despite recent volatility in the broader infrastructure sector. The companyās order book has now hit an all-time high of approximately **29,372 crore**. This record backlog provides multi-year revenue visibility, with the portfolio well-diversified across roads, mining, irrigation, and water supply. Management has guided for a revenue recovery in the coming fiscal year, targeting the **10,000 crore** mark. Financially, the firm reported a consolidated revenue of **2,138 crore** for the December quarter. While operational revenue saw some pressure, the net profit surged to **789 crore**, bolstered by a one-time gain of **585 crore** from the monetization of road assets through its InvIT platform. The broader Indian infrastructure sector remains a primary growth driver for the economy. The Union Budget 2026ā27 has allocated a record **12.2 lakh crore** for capital expenditure, a **12%** increase over the previous year. This sustained fiscal support is expected to drive an **8.8%** compound annual growth rate in construction through 2030. Dilip Buildcon is currently focused on deleveraging its balance sheet. Net debt has been reduced significantly from its peak of **3,392 crore**, while the company maintains a disciplined annual capital expenditure of roughly **100 crore**. Analysts maintain a target price range between **458** and **514** as the company transitions toward a leaner, asset-light operating model. The Bharuch project is critical for regional safety, designed to mitigate flood risks from the Narmada River. For the company, it represents a successful expansion into specialized water infrastructure, a segment that is seeing increased government tendering activity across the country. [Dilip Buildcon Q3 FY26 Results and Growth Outlook](https://www.google.com/search?q=https://www.youtube.com/watch%3Fv%3DKshvN9zG3i8) This video provides an in-depth analysis of the company's record-high order book and its strategic shift towards high-margin infrastructure projects.
Indiaās AIF Assets Reach Rs 15 Lakh Crore Amid Growth in Domestic Capital and Liquidity
India's AIF Industry: Market Brief February 2026 India's Alternative Investment Fund (AIF) industry has reached a historic milestone, with total cumulative commitments surging past **ā¹15.74 lakh crore**. This rapid expansion represents a doubling of the market size since 2022, signaling that alternative assets have transitioned from a niche interest to a core component of Indian wealth management. The Rise of Domestic Dominance A fundamental shift in the capital mix is now evident. Domestic investors currently contribute approximately **55%** of total commitments in Category I and II funds. This local anchoring reduces the industry's reliance on volatile global liquidity cycles. High-net-worth individuals, family offices, and increasingly, domestic institutions are filling the space once dominated by foreign capital. Performance and Alpha Generation AIFs continue to demonstrate significant outperformance compared to traditional public markets. Recent data indicates that equity-oriented AIFs have delivered a consistent alpha of **8.69%** over the BSE Sensex TRI. Across multiple benchmarking cycles, the industry has achieved a pooled internal rate of return (IRR) of **24.02%**, far outpacing the **15.3%** seen in public indices. Liquidity through Secondary Markets The emergence of a robust secondary market is addressing the traditional "lock-in" challenge of private capital. Secondary deal values reached **ā¹361 billion** in the first half of the current fiscal year alone, nearly matching the entire previous year's volume. This provides investors with crucial exit pathways and capital recycling options outside of traditional IPO windows. Sector Concentration and Efficiency Category II funds, which include private equity and private credit, remain the industry heavyweight with **ā¹11.64 lakh crore** in commitments. Deployment efficiency has also improved significantly, with investments made as a percentage of funds raised reaching **96.2%**. While the top five sectors formerly accounted for 85% of activity, that concentration has dropped to **66%**, with capital now flowing into manufacturing, health tech, and climate-focused enterprises.
**Infosys Shares Monitored Amid $400 Billion AI-First Strategy and Varied Brokerage Ratings**
Market Brief: Infosys Strategic Pivot and Performance Update Infosys shares are trading under a spotlight this February 18, 2026, following the high-profile **Investor AI Day 2026**. The company is aggressively positioning itself as an "AI-first" leader through its **Infosys Topaz** framework. Management has identified a massive incremental opportunity for AI services, projected to reach between **$300 billion and $400 billion** by 2030. This shift marks a transition from experimental AI projects to scaled enterprise deployment. Financial Snapshot and Growth The Q3FY26 results revealed a robust revenue performance, with operations generating **ā¹45,479 crore**, reflecting a **9%** year-on-year growth. Despite a slight marginal slip in net profit to **ā¹6,654 crore**, the company remains financially resilient. Large deal momentum continues to be a primary growth driver. In the December quarter, Infosys secured contracts worth **$4.8 billion**, including a landmark **$1.6 billion** deal with the UKās National Health Service. Strategic AI Roadmap The "AI-first" strategy is now operational across the organization. Currently, nearly **90%** of the company's top 200 clients are engaged in AI-related projects. Strategic partnerships are expanding the ecosystem. A new collaboration with **Anthropic** will integrate Claude models into the Topaz platform, while a partnership with **Cursor** aims to accelerate AI-driven software engineering. Market Valuation and Ratings As of mid-session today, the share price on the NSE is hovering around **ā¹1,359.40**, reflecting some near-term volatility following a recent sector-wide selloff. Brokerages maintain a generally positive long-term outlook. **Motilal Oswal** has reiterated a Buy rating with a target price as high as **ā¹1,850**, citing 33% upside potential. **Morgan Stanley** remains more cautious with an Equal Weight rating, highlighting that while the opportunity is vast, execution and the evolution of billing models remain key watchpoints. Key Guidance for 2026 Infosys has raised its revenue growth guidance for the full financial year to between **3% and 3.5%** in constant currency terms. Operating margins are expected to remain stable within the **20% to 22%** range. To support this technical evolution, the company plans to hire **20,000** graduates in FY27, focusing specifically on strengthening its global AI delivery capabilities.
Indian Benchmarks Trade Flat as IT Losses Offset Gains in Metal and PSU Bank Sectors
Market Brief: Indian Benchmarks Hold Steady Amid Sectoral Divergence Indian equity benchmarks, **Sensex** and **Nifty 50**, are exhibiting a resilient but cautious performance as of February 18, 2026. The market is currently balancing between a robust rally in industrial sectors and a persistent, technology-driven selloff. Performance Indicators The **BSE Sensex** is trading near **83,428**, showing a marginal dip of **0.03%** or **22 points**. Similarly, the **NSE Nifty 50** remains stable around the **25,722** level. Despite the flat movement in frontline indices, the broader market shows significant strength. The **BSE SmallCap** index has surged by **0.45%**, while the **MidCap** index is up **0.26%**, indicating healthy buying interest in smaller-sized companies. Sectoral Winners and Losers Metal and Public Sector Undertaking (PSU) stocks continue to provide the primary upward momentum. The **Nifty PSU Bank** index has seen gains of over **2%**, supported by strong quarterly earnings and valuation re-ratings. Metal counters are also benefiting from a recovery in global commodity prices. In contrast, the Information Technology (IT) sector is facing a severe valuation correction. The **Nifty IT** index has faced a sharp decline, with major players losing significant market capitalization. This "AI-scare" has wiped out approximately **$56 billion** in sector value over recent sessions as investors weigh the impact of new automation tools on traditional outsourcing models. Key Stock Movements Individual stocks are witnessing sharp volatility based on specific corporate developments: * **Tech Mahindra**: The stock has dropped **2.15%** to trade at **ā¹1,491**, reflecting the broader weakness in tech exports. * **Kwality Wall's (India)**: Recently listed after its demerger from HUL, the stock plummeted **6.24%** to **ā¹27.94**, continuing its post-listing price discovery phase. * **Dilip Buildcon**: Surged **3.39%** following a successful **ā¹702 crore** bid for a government project. * **Bharat Heavy Electricals (BHEL)**: Gained **0.65%** after securing a major power plant contract valued between **ā¹1,200ā1,500 crore**. Global and Macro Context The domestic sentiment is supported by positive cues from the Asia-Pacific region, with Japanās **Nikkei 225** advancing nearly **1%**. Additionally, institutional activity remains supportive; foreign portfolio investors (FPIs) were net buyers of shares worth **ā¹995 crore** in the previous session. The Indian Rupee has strengthened slightly to **90.67** against the US Dollar, while the 10-year bond yield has inched up to **6.67%**. These indicators suggest a market that is consolidating its recent gains while shifting capital from high-valuation tech stocks toward infrastructure and state-owned enterprises.
Ten Small-Cap Stocks Reporting Highest Year-on-Year Profit Growth for Q3
The Indian small-cap segment is demonstrating notable resilience as of February 2026, navigating a landscape of selective optimism. While the BSE Smallcap index recently experienced a 0.63% dip, the broader market sentiment is buoyed by a robust Q3 earnings season. Recent trade agreements with the US and EU have further stabilized global trade sentiment, turning Foreign Institutional Investors into net buyers in early February. Craftsman Automation has emerged as a standout performer in the automotive components space. For the quarter ended December 2025, the company reported a massive 728% year-on-year surge in consolidated net profit, reaching 107.11 crore. Revenue climbed 30.5% to hit a record 2,057 crore, driven by sustained demand in high-end manufacturing. Operating margins also saw a healthy expansion to 15.18%, signaling improved efficiency despite capital-intensive expansion phases. The logistics sector is witnessing a significant turnaround, led by Delhivery. The company reported a 59% jump in net profit to 40 crore for the December quarter, a sharp recovery from the 50 crore loss recorded in the previous period. Revenue from operations grew 18% to 2,805 crore, fueled by a record 500,000 metric tonne milestone in its Part Truck Load business. Operational leverage from the festive season helped expand operating margins by 481 basis points to 7.44%. In the specialty chemicals arena, Navin Fluorine International continues its aggressive growth trajectory. The company posted a 122% increase in net profit to 185.40 crore for Q3 FY26, significantly beating market estimates. Revenue rose 47% to 892 crore, with its high-performance products and specialty chemicals divisions growing 35% and 60% respectively. The commissioning of new hydrofluorocarbon capacity is expected to drive further volume gains through 2027. Broader economic indicators suggest a strengthening manufacturing core. India's manufacturing GVA growth reached 9.13% in the second quarter, and the Union Budget 2026-27 has introduced a 10,000 crore SME Growth Fund to support high-growth small-cap firms. While market breadth remains sensitive, with 387 stocks advancing against 813 declining in recent sessions, the fundamental strength of these sector leaders points to a decoupling of earnings performance from general market volatility. Investors are increasingly focusing on stock-specific fundamentals as valuation gaps narrow. Nearly a third of the small-cap universe, representing approximately 16 lakh crore in market capitalization, is currently viewed as trading at fair value. This environment favors companies with high capacity utilization and clear order visibility, particularly in the chemicals and auto-component sectors which are benefiting from global supply chain realignments.
LIC Rebalances Portfolio: Increases IT Holdings While Reducing Banking Exposure
Market Brief: LIC Contrarian Shift Life Insurance Corporation of India (LIC) has initiated a significant strategic pivot in its massive **ā¹17.83 lakh crore** equity portfolio. The state-owned insurer is moving against the prevailing market sentiment by aggressively increasing its stake in the information technology sector while trimming its long-held dominance in the banking space. As of February 2026, LIC has deployed approximately **ā¹3,136 crore** into Tata Consultancy Services (TCS) and **ā¹2,293 crore** into HCL Technologies. This move comes at a time when mutual funds and other domestic institutional investors have been net sellers in the IT segment, offloading nearly **ā¹2,000 crore** in various tech stocks during January alone. IT Sector: The Recovery Bet The insurerās interest in IT is underpinned by a projected industry recovery. While growth had slowed to **4%ā5%** annually in recent years, sector spending in India is now forecasted to hit **$176.3 billion** in 2026āa **10.6%** increase. The focus has shifted from traditional outsourcing to "AI-centric" engagements. Major firms report that nearly **74%** of recent contract wins involve generative or agentic AI. * **TCS:** Currently trading near **ā¹2,717**, reflecting a significant correction from its 52-week high of **ā¹3,934**. * **HCL Tech:** Trading around **ā¹1,461**, as the market prices in a **17.6%** projected rise in software spending for the upcoming year. Banking Sector: Exposure Reduction Simultaneously, LIC is reducing its exposure to banking heavyweights like SBI and HDFC Bank. This reduction coincides with a tightening regulatory environment. Starting April 2026, the Reserve Bank of India (RBI) is set to implement stricter liquidity norms and mandatory two-factor authentication for all digital payments. Banks are also facing a transition toward "agentic banking" and the integration of Central Bank Digital Currencies (CBDCs). While the Nifty Bank index saw a **9.1%** gain in the previous quarter, the sector is entering a high-compliance phase. This transition requires heavy capital investment in backend infrastructure to meet the March 2026 deadline for ring-fencing core operations. Strategic Rationale LICās portfolio includes **283** stocks, but the shift highlights a clear preference for "Quality" and "Value" themes. By buying IT leaders during a period of relative underperformanceāwith TCS and HCL Tech down between **18%** and **30%** from recent peaksāLIC is positioning itself for a long-term earnings revival. The move suggests a conviction that current AI-related market fears are a temporary valuation reset rather than a permanent erosion of the IT service model. Analysts estimate that large-cap IT stocks are now trading at roughly **18 times** estimated fiscal 2027 earnings, which LIC appears to view as a compelling entry point compared to the historically higher multiples in the banking sector.
Netweb Technologies Announces NVIDIA-Powered AI Supercomputing Systems Under āMake in Indiaā Initiative **
Netweb Technologies India Ltd (NETWEB) is under the spotlight following the high-impact launch of its "Make in India" AI supercomputing systems. The company has officially unveiled the Tyrone Camarero GB200 and the ultra-compact Tyrone Camarero Spark, marking a significant leap in domestic high-end computing. These systems are built on the NVIDIA Grace Blackwell platform, specifically the GB200 NVL4 architecture. This technology is engineered to handle massive AI workloads, including real-time inference for large language models with up to 10 trillion parameters. The launch positions Netweb as a primary provider of advanced AI infrastructure in India, bridging the gap between local manufacturing and global performance standards. The market response reflects the companyās strong fundamental growth. As of February 18, 2025, Netwebās share price is trading around 3,098.80 INR, showing a modest intraday gain of 1.02%. The stock has demonstrated exceptional momentum over the past year, delivering a return of approximately 123.86%. With a market capitalization of roughly 17,647 crore INR, the firm continues to trade at a premium, with a P/E ratio exceeding 98. Netwebās financial performance supports this valuation. In Q3 FY26, the company reported a record net profit of 73.31 crore INR, more than doubling its previous performance. Revenue growth remains robust, with the company targeting a 30% to 40% CAGR over the next several years. This growth is fueled by a healthy order book and the accelerating demand for data center capacity in India, which is expected to reach 1,800 MW by 2026. The Tyrone Camarero Spark is particularly noteworthy as one of the worldās smallest AI supercomputers. It delivers 1 petaflop of performance in a compact desktop form factor, consuming only 240 watts of power. This "supercomputer on a desk" is designed for the millions of AI developers in India, providing local access to the full NVIDIA AI software stack and 128GB of unified memory. Indiaās broader IT hardware market is valued at approximately 21.17 billion USD in 2025 and is projected to grow to over 31 billion USD by 2031. Government initiatives like the PLI 2.0 scheme are critical drivers, encouraging domestic players like Netweb to localize high-value assembly and R&D. By integrating the Grace Blackwell architecture, Netweb is not just selling hardware but is providing the "AI Factory" infrastructure required for agentic and physical AI. This strategic alignment with NVIDIA ensures that Indian enterprises have early access to liquid-cooled, energy-efficient systems capable of training the next generation of generative AI models.
**Zomato shares in focus following OpenAI partnership for AI integration across platforms**
Eternal Ltd (ETL) is making a decisive shift toward an AI-first commerce architecture, significantly expanding its strategic partnership with OpenAI. This collaboration aims to embed advanced generative AI at the core of its primary platforms, including food delivery giant Zomato, quick-commerce leader Blinkit, and its newest "Going-out" venture, District. The integration will leverage OpenAIās Enterprise API to overhaul customer interactions and partner ecosystems. For merchants and delivery partners, Eternal is deploying AI-assisted workflows and contextual assistants to streamline high-volume operations. Internally, the company is testing the latest coding models, such as GPT-5.3-Codex, within its proprietary developer orchestration platform, Stitch, to automate complex software engineering tasks. **Financial Performance and Market Metrics** Eternalās stock remains in a high-stakes spotlight following robust Q3 FY2026 earnings reported in late January. The companyās financial trajectory continues to show aggressive expansion: * **Consolidated Revenue:** Reported at **ā¹16,315 crore**, a massive **201.8%** year-on-year increase. * **Net Profit:** Surged by **72.8%** to reach **ā¹102 crore** for the December quarter. * **Stock Valuation:** Currently trading around **ā¹281.60**, the company holds a market capitalization of approximately **ā¹2.7 trillion**. * **Quick Commerce (Blinkit):** Revenue grew nearly **121%** year-on-year, with the segment now representing a significant portion of the group's total revenue mix. * **Food Delivery (Zomato):** Maintained steady growth with a **17%** rise in Net Order Value (NOV), reaching **ā¹9,846 crore**. **Strategic Impact and Forward Outlook** The partnership with OpenAI is designed to address the "execution gap" in scaling hyper-local delivery. By moving from a standard marketplace model to an AI-driven inventory-led structure, Eternal seeks to optimize its network of over **2,020 dark stores**. The goal is to drive operational efficiency in a market where 75% of urban Indian consumers now use delivery apps weekly. Investors are closely watching the impact of these AI tools on the company's high valuation. While revenue growth has been stellar, Eternal carries a Price-to-Earnings (P/E) ratio exceeding **1,100x**, signaling that the market has priced in near-perfect execution of these technological integrations. Beyond commercial interests, the AI rollout extends to social initiatives like Feeding India and the AI-native venture Nugget. Group CEO Albinder Dhindsa has emphasized that these tools are becoming foundational infrastructure, intended to improve data-driven decision-making across the entire ecosystem of restaurants, delivery partners, and consumers.
Only 16% of IPOs Outperform Market Benchmarks; Selectivity Advised Among New Listings
The Indian primary market is navigating a pivotal phase in early 2026. After a historic 2025 where 102 companies raised a record **ā¹1.75 lakh crore**, the momentum has transitioned into a massive but cautious pipeline. Currently, over 190 companies are in the queue, seeking to raise more than **ā¹2.5 lakh crore**. Despite this volume, the actual launch activity in January and February has been muted as issuers wait for secondary market stability. While the "IPO boom" headline remains attractive, long-term wealth creation data suggests a starkly different reality. Recent analysis reveals that only **16%** of IPOs have managed to outperform the broader market returns over the long term. Furthermore, approximately **50%** of the small-cap universe is currently trading nearly **40%** below their all-time highs. This underscores a significant gap between listing-day euphoria and sustainable shareholder value. Institutional dynamics are providing a unique floor to the current market. Foreign Institutional Investor (FII) ownership has seen periods of selling, with recent net outflows reaching **ā¹7,395 crore** on specific volatile days in February. However, Domestic Institutional Investors (DIIs) have acted as a consistent shock absorber, frequently recording net buys exceeding **ā¹5,500 crore** to stabilize the indices. Sectoral performance is diverging based on fundamental recovery rather than speculative heat. The IT sector is positioned for a sharp recovery in 2026, with spending in India projected to reach **$176.3 billion**, a **10.6%** increase from the previous year. This growth is largely driven by AI-centric contracts, which now form nearly **74%** of all new deals for major Indian tech firms. Consumption remains a key theme, though valuations in mid and small-cap segments continue to trigger red flags. The Nifty Smallcap index has faced recent pressure, dropping over **3%** year-to-date, compared to a milder **1.4%** decline in the Nifty 50. This correction is viewed by many as a necessary cooling phase following the multi-year rally that stretched valuation multiples. For the remainder of 2026, the focus is shifting from "liquidity-driven" to "earnings-driven" listings. Marquee names in fintech, consumer tech, and infrastructure are expected to headline the next wave of offerings. Investors are increasingly prioritizing companies with clear profitability pathways and transparent governance over those relying solely on future growth projections. Patience remains the primary tool for navigating this landscape. With the Nifty 50 hovering around the **25,700** level and the India VIX declining to **12.67**, the current environment favors a selective approach. Wealth creation is increasingly concentrated in quality issues that can survive the transition from primary market hype to secondary market reality.
Goldman Sachs Initiates Buy Rating on LG Electronics India with Target Price of ā¹1,750
LG Electronics India is maintaining a strong market position despite navigating a complex financial quarter. As of mid-February 2026, the stock is trading near **1,575 INR**, reflecting a robust recovery and an **8.4%** single-day surge. This upward momentum comes as the company settles into its status as a major listed entity following its high-profile **11,607 crore INR** IPO in late 2025. Goldman Sachs has issued a Buy rating for the electronics giant with a target price of **1,750 INR**. This target suggests a potential upside of approximately **11%** from current levels. Analysts point to the companyās "Global South" strategy and its ability to lead in premium categories as primary growth drivers. The brokerage remains bullish on the companyās long-term trajectory, despite recent volatility in the broader consumer durables sector. The financial performance for the third quarter of FY26 revealed significant operational hurdles. Net profit witnessed a sharp **61.6%** year-on-year decline, falling to **89.6 crore INR**. Revenue also saw a contraction of **6.4%**, landing at **4,114 crore INR**. This downturn was largely attributed to a post-festive demand slump and a significant squeeze on margins. Profitability was further pressured by rising operating expenses and commodity costs. The EBITDA margin narrowed to **4.8%**, down from **7.7%** in the previous year. High costs for materials like copper and aluminum, combined with a depreciating rupee, created a challenging environment for maintaining bottom-line growth during the December quarter. Looking ahead, the outlook for the fourth quarter appears more optimistic. Management is pivoting toward a "two-track" strategy to capture upcoming summer demand. This involves expanding the "LG Essential" lineup for aspirational buyers while simultaneously pushing high-end premium offerings. The company is also scaling its high-margin AMC business and exploring B2B infrastructure opportunities to diversify income. The broader Indian consumer electronics market remains a fertile ground for growth, projected to reach **3 lakh crore INR** by FY29. With an expected annual growth rate of **11%**, the sector is benefiting from increased urbanization and government incentives like the PLI scheme for white goods. LGās focus on domestic manufacturing under the "Make in India" initiative is expected to help the company double its exports to the US and Europe in the coming fiscal year. Market sentiment is currently bolstered by recent GST cuts on large televisions and a general shift toward energy-efficient, smart appliances. While short-term earnings have been hit by seasonal softness and cost inflation, the companyās dominant market share and premiumization strategy keep it positioned as a top pick for institutional investors seeking exposure to Indiaās consumption story.
Gold Prices Rise While Silver Declines Amid Lunar New Year Trading Conditions
Global Market Brief: February 18, 2026 Global financial markets are navigating a complex landscape defined by shifting technology valuations and heightened geopolitical tension. Following the mid-February U.S. holiday, trading has resumed with a pronounced divergence between traditional industrials and the high-growth technology sector. Equity Indices and Tech Volatility The **S&P 500** recently surpassed the **7,000** level for the first time, though it remains in a volatile consolidation phase near **6,940**. The **Dow Jones Industrial Average** has shown relative strength, reaching record highs above **50,000**, supported by blue-chip resilience in the energy and industrial sectors. In contrast, the **Nasdaq Composite** has faced downward pressure, recently trading around **23,025**. A significant "SaaSpocalypse" sell-off is impacting software firms as investors re-evaluate license demand in the age of autonomous AI agents. While hardware and infrastructure providers continue to see record capital expenditure, software-as-a-service valuations are under scrutiny. Economic Indicators and Monetary Policy U.S. labor data remains surprisingly robust, with **130,000** jobs added in January, far exceeding expectations of **70,000**. The unemployment rate has settled at **4.3%**. Despite this strength, annual inflation has slowed to **2.4%**, the lowest rate since early 2021. Markets are currently pricing in two interest rate cuts for the remainder of 2026. The nomination of Kevin Warsh as the next Federal Reserve Chair has provided some institutional stability, though his future policy leanings remain a central focus for fixed-income traders. Commodities and Energy Energy markets are reacting sharply to tensions in the Middle East and South America. Crude oil prices rose **14.6%** in January to reach **$69.70** per barrel. Tensions in the Strait of Hormuz, through which **21 million** barrels of oil pass daily, continue to inject a risk premium into global energy costs. Precious metals have reached historic levels as a hedge against volatility. Gold, which surged throughout 2025, is currently trading near **$4,300** per ounce. Silver has experienced sharper corrections, recently dipping toward the **$74.85** mark. Global Outlook and Trade International markets are increasingly defined by new trade alliances. India and the European Union have progressed toward a landmark free trade agreement. Indiaās economy continues to outpace global peers with a real growth rate projected at over **7%** for the year. European benchmarks like the **EURO STOXX 50** are struggling with sluggish luxury demand, while Japan's **Nikkei 225** remains under pressure as the domestic economy maintains a fragile recovery from a near-recession.
One97 Communications and Four Other Stocks Show Bullish Technical Indicators
Market Brief: Nifty 200 Technical Momentum The Indian equity market maintained its upward trajectory through February 17, 2026, with the **Nifty 200 index** closing at **14,367.20**, marking a gain of **0.23%**. This steady climb was supported by a notable intraday recovery, as the index bounced back from a low of **14,281.60** to reach a high of **14,382.90**. Technical scanners highlighted five specific stocks within the Nifty 200 universe that formed the rare and bullish **White Marubozu** candlestick pattern. This formation, characterized by a long body with little to no shadows, indicates that buyers remained in absolute control from the opening bell to the final trade. Key Bullish Movers The surge was led by high-conviction buying across banking and fintech sectors. **One97 Communications (Paytm)** surged **4.11%** to close at **1,169.30**, leading the pack of momentum gainers. The public sector banking space also displayed significant strength. **Bank of Baroda** rose **3.66%** to end the day at **303.25**, while **Punjab National Bank** gained **3.52%**, finishing at **124.82**. These moves suggest a sector-wide accumulation as investors seek value in large-cap financial institutions. Other prominent stocks clearing the bullish threshold included **Coromandel International**, which climbed **3.61%** to **2,369.90**, and **Indian Bank**, which moved up **3.51%** to settle at **920.10**. Broader Market Context The overall market sentiment remained positive, bolstered by steady institutional activity. **Foreign Institutional Investors (FIIs)** were net buyers, injecting **995 crore** into the cash market. **Domestic Institutional Investors (DIIs)** provided further support with net purchases of **187 crore**. The **Nifty 50** ended the session at **25,725.40**, up **0.17%**, while the **BSE Sensex** rose **173.81 points** to reach **83,450.96**. While the metal sector faced headwinds, with **Hindalco** and **Tata Steel** trading lower, the IT and FMCG sectors provided the necessary cushion to keep the benchmark indices in the green. Technical analysts view the appearance of the White Marubozu across multiple liquid stocks as a signal of high demand. These patterns often precede a continuation of the current uptrend, provided the opening levels of the following session hold firm against minor profit-taking.
Adani Power and Four Other Large-Cap Stocks Record Bullish RSI Trends
Market dynamics shifted on February 17 as five large-cap stocks entered a bullish phase, triggered by the Relative Strength Index (RSI) Trending Up scan. This technical movement occurs when the RSI crosses above the 50-level threshold, signaling a transition from neutral or bearish territory to strengthening price momentum. The stocks identified in this momentum shift include Bank of Baroda, Punjab National Bank, Solar Industries India, Canara Bank, and Adani Power. These equities recorded gains between 2% and 5% during the session, drawing significant interest from institutional and retail traders looking for trend continuation. Bank of Baroda led the technical surge with its RSI jumping to 58.89 from a previous reading of 49.34. The stockās current market price settled at 303.25. Close behind was Punjab National Bank, which saw its RSI climb to 54.32 from 43.88, with shares trading at 124.82. Both public sector banks benefited from a broader sector-wide rally that provided a tailwind for the Nifty Bank index. In the industrial and energy sectors, Solar Industries India moved into a bullish zone with an RSI of 51.85, up from 49.38, closing at a price of 13,266. Canara Bank also crossed the midline with an RSI of 51.33, ending the day at 149.11. Adani Power rounded out the list, narrowly crossing the threshold with an RSI of 50.30 and a closing price of 144.35. These technical breakouts coincided with a resilient day for the broader Indian indices. The BSE Sensex rose by 174 points to end at 83,450.96, while the NSE Nifty 50 gained 43 points to close at 25,725.40. Despite a global backdrop of muted cues and ongoing concerns regarding AI-driven disruptions in the IT sector, domestic liquidity remained high. Institutional activity showed a diverging trend on February 17. Foreign Portfolio Investors (FPIs) were net buyers to the tune of 995.21 crore, while Domestic Institutional Investors (DIIs) also supported the market with net purchases of 187.04 crore. This combined buying pressure helped stabilize the market after recent volatility. Traders often view an RSI crossing above 50 as a "buy on dips" signal, suggesting that the path of least resistance has shifted to the upside. While some heavyweights like Larsen & Toubro moved closer to overbought territory with an RSI above 70, these five stocks are considered to be in the early stages of a momentum buildup. Market focus now turns to whether these levels can be sustained. With the Nifty 50 maintaining support near the 25,500 zone, technical analysts suggest that these RSI breakouts could lead to further gains if the benchmark indices continue their recovery towards the 25,900 resistance level. [Adani Power RSI Bullish Upswing](https://www.youtube.com/watch?v=zXrSfaoKyTw) This video provides a detailed breakdown of the technical momentum and RSI trends for large-cap stocks like Adani Power, offering insight into the current market sentiment. http://googleusercontent.com/youtube_content/0
13 Stocks Surpass 200-Day Moving Average
Market Outlook: The 200-Day SMA Pivot The **200-day Simple Moving Average (SMA)** remains the definitive line in the sand for global equity markets this February 2026. As a primary indicator of long-term health, the ability of major indices to hold above this level is currently dictating investor appetite. In the U.S., the **S&P 500** is navigating a complex technical landscape, trading near **6,836**. While the index has faced resistance near the psychological **7,000** mark, it maintains a structural uptrend by staying comfortably above its 200-day SMA, which currently aligns with the **6,500 to 6,532** support zone. The **Nasdaq 100** shows a more polarized picture. Although it continues its multi-year climb, trading around **24,878**, internal breadth has thinned. Data shows only **51.48%** of stocks within the Nasdaq 100 are currently trading above their individual 200-day averages, suggesting a market led by a narrowing group of performers. Global Resilience and Breakouts Emerging markets are seeing a surge in technical momentum. In India, the **Nifty 50** recently bounced off a critical confluence of its 20-day and 200-day moving averages near **25,500**. This "golden" support zone has re-energized the bullish case for domestic equities. Recent scans identified **13 major stocks** in the Nifty 500āincluding names like **Adani Green Energy** and **One97 Communications**āthat have successfully crossed back above their 200-day SMAs. This crossover is widely viewed as a transition from a corrective phase to a fresh uptrend. * **Adani Green Energy**: Crossed 200-day SMA of **996.05**; current price **1,016.80**. * **One97 Communications**: Reclaimed 200-day SMA of **1,142.42**; current price **1,169.30**. * **Delhivery**: Surpassed 200-day SMA of **418.76**; current price **434.85**. Economic Catalysts and Volatility The marketās technical floor is being tested by shifting macro data. U.S. consumer inflation has moderated to **2.4%**, while the unemployment rate sits at **4.3%**. These figures keep the Federal Reserve on a path of "modest easing," which typically supports valuations for stocks trending above their long-term averages. However, short-term volatility is rising. The **VIX** remains elevated at **20.60**, and the **VIX1D** (one-day volatility) is even higher at **22.43**. This suggests that while the long-term trend is up, investors are paying a high premium for protection against immediate catalysts like the upcoming FOMC minutes. In commodities, **Silver** and **Gold** continue to trade well above their respective 200-day SMAs, confirming that the secular bull market in precious metals remains intact despite recent profit-taking. Summary of Key Support Levels The following levels represent the final line of defense for the current uptrend. A daily close below these figures would signal a shift from a "buy the dip" environment to a potential trend reversal. * **S&P 500**: Critical support at **6,500** (200-day SMA). * **Nasdaq 100**: Monitoring the **24,000** floor to maintain the 2023ā2026 rally. * **Nifty 50**: Strong technical base established at **25,500**. As long as prices sustain these levels, the market remains in a confirmed uptrend, favoring long-term positioning over aggressive short-selling.
Five long-term stock picks for 2026, including Titagarh Rail and Ipca Lab, with projected returns of 10-40%.
Market Overview Indian equity benchmarks maintained a positive trajectory on February 18, 2026, with the Nifty 50 trading above the **25,750** mark and the S&P BSE Sensex advancing to **83,584.87**. This resilience comes despite mixed global cues and ongoing geopolitical tensions in the Middle East. Market breadth remains strong, with **2,417** shares rising against **1,505** declines on the BSE. Volatility, as measured by the India VIX, has cooled by **4.29%** to a stable level of **12.76**. Sector Performance and Economic Triggers The IT and Defence sectors are leading the current charge. Defence stocks are gaining momentum following Cochin Shipyard's status as the lowest bidder for a **ā¹5,000 crore** Ministry of Defence project. The manufacturing sector is showing structural recovery with Q2 FY26 growth hitting **9.13%**. Government-led PLI schemes have now attracted over **ā¹2.0 lakh crore** in actual investment. India's external buffers remain robust with foreign exchange reserves at **$701.4 billion**, providing approximately **11 months** of import cover. Top Brokerage Recommendations **Energy and Infrastructure** Motilal Oswal has reiterated a Buy on **IGL** with a target of **ā¹235**, representing a potential upside of **41%** from the current market price of **ā¹166**. **Siemens Energy** has seen its target price raised to **ā¹3,600** from **ā¹3,400** by Motilal Oswal, citing a **31%** upside potential from the current level of **ā¹2,738**. Elara Capital remains bullish on **ONGC**, increasing its target to **ā¹320** (up from **ā¹304**), suggesting a **19%** gain from the current price of **ā¹267**. **Pharmaceuticals and Consumer Goods** Citi has upgraded the target for **Lupin** to **ā¹2,540**, up from **ā¹2,260**, following its specialty pharma expansion in Canada. This offers a **15%** upside from the current **ā¹2,199**. **Britannia Industries** is favored by multiple firms. Motilal Oswal maintains a target of **ā¹7,150**, while technical analysts eye a shorter-term target of **ā¹6,570** as long as it stays above **ā¹5,930**. **Banking and Telecom** Anand Rathi suggests a Buy for **Bharti Airtel** with a target of **ā¹2,100**, noting strong momentum as the stock holds its support near **ā¹2,020**. **Canara Bank** is showing a "double-bottom" reversal pattern. Analysts set a target of **ā¹160** with a stop-loss at **ā¹144**. **RBL Bank** is also gaining interest with a target range of **ā¹350āā¹355** following a surge in trading volumes. Emerging Opportunities **Coal India** is positioned as a technical buy in the **ā¹415āā¹425** range, with analysts targeting **ā¹470** as it recovers from a corrective phase. In the mid-cap space, **Delhivery** is highlighted with a target of **ā¹570** (**36% upside**), driven by its acquisition of Ecom Express and expanding EBITDA margins of **7.4%**. **Amber Enterprises** is recommended by Yes Securities with a high conviction target of **ā¹8,962**, fueled by the doubling of revenue expectations in its railway business.
Gold Prices Stabilize Following Recent Sell-off
Market Brief: Gold Performance and Outlook Gold prices are demonstrating a cautious recovery this Wednesday, February 18, 2026, following a period of intense volatility. After a significant retreat earlier in the week, bullion is stabilizing as traders reassess the geopolitical landscape and domestic economic indicators. Spot gold is currently trading around **$4,880 per ounce**, attempting to find a firm floor after dropping more than **2%** in the previous session. In domestic markets, 24K gold is hovering near **ā¹15,435 per gram**, reflecting a correction of approximately **1.4%** from yesterdayās levels. Geopolitical De-escalation The primary driver behind the recent price dip has been a perceived cooling of tensions in the Middle East. Progress in second-round negotiations between the U.S. and Iran in Geneva has significantly eroded the safe-haven premium that supported goldās record-breaking rally earlier this year. Reports of potential document exchanges between the two nations have led investors to scale back risk hedges. Interest Rate Trajectory Market participants are closely monitoring the Federal Reserve's next moves. While January inflation data slowed to **2.4%**, coming in below the forecast of **2.5%**, Fed officials have signaled a cautious approach. Current sentiment suggests the central bank may hold rates steady for some time to ensure inflation remains on a path toward the **2%** target. Higher-for-longer interest rates typically pressure non-yielding assets like gold. However, many analysts still anticipate at least two rate cuts of **25 basis points** later in 2026, which provides a long-term support pillar for the metal. Holiday Liquidity and Demand Trading volumes remain subdued as major Asian markets, particularly China, are closed for the Lunar New Year. This seasonal absence of the world's largest gold consumers has led to thinner liquidity, which can often exaggerate price swings. Despite the lull in active trading, physical demand in the lead-up to the holiday was exceptionally high. In China, gold jewelry prices surged over **70%** year-over-year to approximately **Ā„1,529 per gram**, highlighting the deep cultural value and inelastic demand for the metal even at elevated price points. Technical Support and Currency Impact The U.S. Dollar Index has shown resilience, exerting downward pressure on dollar-denominated bullion. Technically, gold is testing key support levels. If it fails to hold the **$4,850** mark, further profit-taking could be triggered. Conversely, maintaining stability near the psychological **$5,000** level remains the goal for bullish investors looking toward the second half of the year.