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Market fails to hold opening gain; Pharma surges
Feb 26 2026 4:06PM
The Indian equity market failed to build on its early gains and ended with little change in yet another volatile session, with the Nifty closing below the 25,500 mark.

After a gap-up start, the market traded in a narrow range through the day, with the Nifty slipping to an intraday low of 25,400 amid intermittent selling pressure. However, buying interest in PSU bank, healthcare, and auto stocks helped the indices recover from lower levels.

At close, the Sensex was down 27.46 points or 0.03 percent at 82,248.61, and the Nifty was up 14.05 points or 0.06 percent at 25,496.55. Nifty Midcap index rose 0.6%, while smallcap index ended flat.

Bharat Electronics, Adani Ports, Sun Pharma, Bharti Airtel, Maruti Suzuki were among major gainers on the Sensex, while losers were Power Grid Corporation, Trent, Bajaj Finserv, HDFC Bank and Eternal.

Among sectors, auto, pharma, oil & gas, PSU Bank, telecom, metal added 0.4-1%, while media index shed 0.7%.

In stock specific action, XTGlobal shares rose 20% on securing Al enablement project from US State transportation agencyre, Balu Forge shares added 10% on MoU for supply of large caliber ammunition, Foseco India shares fell 2% after consolidated profit slips 35%, Sanofi Consumer Healthcare India share price added 5% on better Q4 earnings.

KSB share price surged 9% after profit rises 10%, Sanofi India shares declined 3% as Q4 profit falls 32%, Home First Finance Company share price fell 5% post 56.2 lakh shares (5.4% equity) traded in a block, Diamond Power shares rose 3% on EPC order win worth Rs 93 crore from KPI Green.

More than 100 stocks touched their 52-week high, including GE Vernova TD, Lupin, Schaeffler Industries, Bank of Baroda, Shriram Finance, JB Chemicals, Hitachi Energy, Torrent Pharma, KEI Industries, Graphite India, Polycab, Federal Bank, Union Bank, TVS Motor, Bank of Maharashtra, Cummins, Indian Bank, Bajaj Auto, IOC, Canara Bank, among others.

More than 320 stocks touched their 52-week low, including Reliance Power, Swan Corp, AWL Agri, IRFC, BASF, Alkyl Amines, Cyient, among others.