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.