Based on the market data for February 19, 2026, the Indian share market is witnessing a cautious session, following three days of gains, with a slight reversal in momentum due to profit-booking and lingering IT sector jitters.

Here is the detailed analysis:

Market Overview

• Indices: Sensex is trading lower, shedding early gains to fall nearly 400 points from the day's high, while the Nifty 50 is trading below the 25,800 level.
• Trend: The market is witnessing a pause in its recent winning streak, with volatility increasing due to profit-booking.
• Global Cues: Asian stocks are trading higher, following a strong, AI-boosted session on Wall Street.
• Key Factors: Rising oil prices and uncertainty over US-Iran tensions are keeping the sentiment cautious.

• Sectoral Performance

• IT Sector: Continues to be under pressure, although some stocks are trying to recover after the AI-induced "Kodak moment" fears.
• Metal & PSU Banks: Showing strength, with investors looking for gains in these sectors.
• Realty & Media: Trading with mild losses.

• Top Movers & Stocks in Focus

• Gainers: ONGC, HCL Technologies, Infosys, and TCS.
• Losers: Interglobe Aviation, Asian Paints, Kotak Mahindra Bank, Tata Consumer, and Axis Bank.
• NCC Ltd: Trading lower after being banned by NHAI for two years.
• Zydus Lifesciences: Gaining on final USFDA approval for a new tablet.
• Dr. Reddy’s Laboratories: In focus after acquiring Indian trademarks for Hormone Replacement Therapy drugs.
• Cochin Shipyard: In focus following a $360 million LNG contract win.
• Godfrey Phillips: Surged significantly on reports of cigarette price hikes.

• Technical & Trading Outlook

• Nifty 50: Needs to sustain above 25,800 to attempt a move towards 26,000. Immediate support is seen around 25,500-25,600.
• Bank Nifty: Trading in a positive trend but facing resistance at higher levels.

• Other Important Updates

• Commodities: Gold and silver prices are experiencing some volatility, with MCX removing additional margins.
• Policy: RBI mandates Unique Transaction Identifiers (UTI) for all OTC derivatives trades from January 1, 2027.
• IPO News: Marushika Technology is listing today with a modest premium, while the Clean Max Enviro Energy IPO opens on February 23.