Market performance across the Indian equity landscape has shown distinct divergence as of late February 2026. While the primary indices grapple with range-bound volatility, high-growth mid-cap and tech stocks continue to demonstrate localized strength. Newgen Software and Netweb Technologies emerged as notable outperformers in the Nifty 500 universe. Netweb Technologies recently surged over 17% across three trading sessions, reaching a high near 3,751.00 on February 20. This momentum is attributed to surging delivery volumes and the launch of new AI infrastructure solutions. Newgen Software also witnessed a sharp weekly rally of 16%, though it faced profit-booking on the final trading day of the week, closing at 556.90. The Nifty 50 is currently navigating a period of consolidation. After slipping from highs earlier in the month, the index closed near 25,571. Immediate structural support is established at the 25,400–25,380 zone. A breach below this floor could expose the 25,250 level, while resistance is firmly placed at 25,700 and 25,850. BankNifty displays relative technical resilience, maintaining a position above the 60,500 demand zone. The index settled the most recent session at 61,172.00, marking a 0.71% recovery. Key resistance for the banking sector remains in the 61,400–61,700 cluster, which aligns with recent all-time high supply zones. Market volatility, measured by the India VIX, has signaled elevated nervousness. The index spiked 6.69% to settle at 14.36, indicating that traders are pricing in higher premiums for risk protection in the near term. This shift suggests a cautious approach is prevailing despite the underlying bullish structure of the broader markets. Individual stock setups remain a core focus for market participants. KEI Industries showed strong movement, with its stock futures surging over 4% to trade near 4,782.60. Triveni Turbine continues to hold a constructive technical posture, trading at 490.20 with an RSI near 45, following a year of healthy order bookings. Global factors, including divided opinions within the US Federal Reserve regarding interest rate paths and fluctuating crude prices near $71.90, have contributed to inconsistent FII flows. Conversely, domestic institutional support remains a critical cushion for local benchmarks.