Stock Market Live Feb 24: Sensex falls nearly 900 points; Nifty slips below 25,500 as IT index tumbles 3.6%

Financial markets live: FIIs YTD cumulative Flows as on TODAY (INR Cr.): -19,295 (Primary + Secondary)

Currency Markets Live: Bitcoin correction driven by leverage unwind, not panic selling; key support seen at $63,000–$64,000, says Pi42 CEO

“Bitcoin’s recent move toward the $64,000 zone is less about panic and more about positioning stress. What we are seeing is a recalibration of expectations after an extended period of optimism. Funding rates have cooled, momentum has weakened, and short term conviction has clearly faded, but this is not disorderly capitulation.

What stands out is the divergence between price weakness and structural demand. Spot flows remain relatively stable while derivatives positioning is being unwound. This suggests the correction is driven by leverage rather than a decline in adoption.

The market is transitioning from momentum trading to valuation sensitivity. If Bitcoin stabilises above the $63,000 to $64,000 liquidity pocket, it would indicate that absorption is underway. Failure to hold that band, however, could accelerate downside toward deeper demand zones as systematic selling intensifies.” – Avinash Shekhar, Co-Founder & CEO, Pi42

Stock Markets Live: Suraj Estate Developers completes acquisition of Hally Pacific; shares flat at ₹213.60

Suraj Estate Developers announced the completion of the acquisition of 100% shares of Hally Pacific Private Limited, a company that owns a strategically located vacant land parcel at Sayani Road, Prabhadevi, Mumbai. 

Shares flat on the NSE at Rs 213.60

Stock Markets Live: Edelweiss Financial Services approves ₹350 crore NCD issue; shares down 2% at ₹121.13

Edelweiss Financial Services board approved NCDs aggregating to Rs 350 crore, of which Rs 175 crore with green show option 

Shares traded at Rs 121.13 on the NSE, down 2%

Stock Markets Live: Adani Power’s subsidiary wins 558 MW supply order from TNPDCL; shares flat at ₹143.95

Adani Power said its subsidiary Moxie Power Generation Ltd. (MPGL) has received a Letter of Award (LoA) from Tamil Nadu Power Distribution Corporation Limited (TNPDCL) for supply of 558 MW (net) of power for a period of five years

Shares flat on the NSE at Rs 143.95

Nifty IT Index: The IT index declined 2.5%, marking its fifth consecutive session of losses.

Nifty today: Top gainers, losers at this hour of trade

Top gainers of Nifty 50:

ONGC (+0.58%), Coal India (+0.43%), Tata Steel (+0.40%), Adani Enterprises (+0.40%), SBI (+0.38%)

Top losers:

HCL Tech (-3.17%), Eternal (-3.08%), Infosys (-3.05%), Tech Mahindra (-2.76%), TCS (-2.74%)

Opening Bell: Sensex drops 449 points, Nifty falls 119 points in early trade

Sensex depreciated by 448.50 pts or 0.54% to 82,846.16 at 9.18 am, and Nifty 50 fell 119.30 pts or 0.46% to 25,593.70.

Stocks in News: February 24, 2026

Waaree Energies: Company receives order for 500mw solar modules from leading independent power producer (Positive)

Fractal Analytics: Company launches ‘PiEvolve’ Agentic Engine for autonomous machine learning & scientific discovery (Positive)

Morepen Lab: Company bags Rs 825 crore global deal, expands into high-growth CDMO segment

Bharti Airtel: Company plans major push! NBFC platform Airtel Money to be capitalised with Rs 20,000 crore (Positive)

HCL Technologies: Brazil regulator approves Jaspersoft acquisition by HCLTech (Positive)

Lupin: Company gets European commission approval for Biosimilar Ranibizumab (Positive)

JSW Infra: Company subsidiary JSW JNPT receives project completion certificate for liquid cargo berths at JNPA; capacity rises to 181.4 MTPA (Positive)

Pace Digitek: Company receives Rs 158.71 crore purchase order from reliance industries limited for li-ion 48v battery packs (Positive)

Samvardhana Motherson: Company inaugurates a new automotive lighting facility in Sanand, Gujarat (Positive)

Chalet Hotels: Company approves 330-room luxury hotel with 36,255 sq.ft commercial space at Madhapur, Hyderabad (Positive)

Suraj Estate Developers: Company acquires Hally Pacific private limited with a potential of rupees 200 crore gdv project in Prabhadevi (Positive)

Patel Engineering: Company declared L1 for Rs 133.25 crore irrigation project by Maharashtra Krishna Valley Development Corp. Company share in the contract is Re 67.96 crore (Positive)

One Mobikwik: Company receives bse approval to launch stock broking business (Positive)

Tata Communications: Company issues Rs 300 cr commercial paper (Neutral)

HFCL: Company joins consortium led by IIT Delhi to develop Hollow-Core Fiber Technology (Neutral)

BPCL: Company receives excise demand order of Rs 1,817 crore from commissioner of central tax and central excise (Negative)

Global Markets Live: Global software stocks tumble overnight; Infosys down 5%, Wipro 3%, Accenture 6.5%

Software Sell Off Sell (Again)

Overnight.

Infosys -5%

Wipro -3%

EPAM -6.4%

Globant -9%

Accenture -6.5%

Cognizant -6%

Stock Markets Live: Nifty spot at 25,713; highest OI at 26,000 call, 25,500 put; FII index longs rise to 29%; S&P 500 down 1%, Brent at $71.5

Morning Updates : 

Nifty Highest OI

(24th Feb Expiry)

Call:26000/Put: 25500 

Nifty Spot – 25713 

Nifty 50 EMA – 25691

Nifty 200 EMA – 25244

Nifty 100 PE – 21.9

Nifty 50 PE – 22.5

Nifty PCR – 1.02

NiftyCash Market Volume – 83k Cr

FII Index Long Futures increased to 29% from 25% 👈🏼👈🏼

S&P 500 : -1.04%

Brent Futures : 71.5

Dollar Index : 97.8

USD INR. : 90.9

Securities in Ban For Trade Date 24-FEB-2026

1. SAIL

Global Markets Live: Trump warns of higher tariffs for countries exploiting Supreme Court decision, urges caution to trade partners

TRUMP: ANY COUNTRY THAT WANTS TO “PLAY GAMES” WITH THE RIDICULOUS SUPREME COURT DECISION, ESPECIALLY THOSE THAT HAVE “RIPPED OFF” THE U.S.A. FOR YEARS, AND EVEN DECADES, WILL BE MET WITH A MUCH HIGHER TARIFF, AND WORSE, THAN THAT WHICH THEY JUST RECENTLY AGREED TO. BUYER BEWARE!!! THANK YOU FOR YOUR ATTENTION TO THIS MATTER. PRESIDENT DONALD J. TRUMP

Stock Markets Live: FIIs net buyers at ₹3,484 crore, DIIs sell ₹1,292 crore on Feb 23

23.02.2026

FIIs +₹3484 crore

DIIs -₹1292 crore

Opening Bid: Nifty may slip 100 points at open amid US sell-off, tariff tensions

Sensex, Nifty likely to open lower as tariff fears and F&O expiry weigh

Indian markets may open lower as Gift Nifty signals a gap-down. Tariff tensions, AI disruption fears and F&O expiry could keep Nifty volatile today.

IPO updates: India targets ₹1.79 lakh crore from PSU IPOs across key sectors by FY30

India targets ₹1.79 lakh crore from PSU IPOs by FY30 under new asset monetisation plan

India plans to raise ₹1.79 lakh crore via PSU IPOs in railways, power, coal and aviation by FY30 under NITI Aayog’s new asset monetisation roadmap.

IPO Updates: Mom’s Belief files draft IPO papers with SEBI; India’s largest NDD intervention provider

Rays of Belief Limited, which operates under the brand name “Mom’s Belief,” has filed its Updated Draft Red Herring Prospectus – I (UDRHP-I) with the Securities and Exchange Board of India (SEBI) in connection with its proposed Initial Public Offering (IPO).

Mom’s Belief ranks first in India by number of centres providing intervention plans for children with neurodevelopmental disorders (NDDs) and is the seventh largest globally in its domain, based on the number of centres. The Company had earlier undertaken a confidential filing of its pre-filed draft red herring prospectus with SEBI in October 2025. Pursuant to the observations received from SEBI and the Stock Exchanges (BSE and NSE) earlier, the Company has transitioned to the public filing phase with the submission of the UDRHP-I.

The IPO comprises a Fresh Issue of up to 60 lakh equity shares of face value ₹10 each. The Company, in consultation with the Book Running Lead Manager (BRLM), may consider a Pre-IPO Placement of up to 20% of the Issue size prior to filing the Red Herring Prospectus with the Registrar of Companies (RoC).

Mom’s Belief provides multidisciplinary, evidence-based intervention plans for children aged 18 months to 15 years diagnosed with neurodevelopmental disorders such as Autism and Dyslexia.

As of September 30, 2025, the Company operates 136 centres across 57 cities in 20 states and union territories in India, including 43 centres in Tier 1, 76 centres in Tier 2, and 17 centres in Tier 3 cities. The Company has also expanded internationally through the acquisition of Mom’s Belief US, Inc., adding three centres in the United States.

Stock in focus: Jyoti Structures Successfully Energises Key 400 kV Transmission Lines in Ahmedabad

Jyoti Structures Limited (JSL), a listed Engineering, Procurement and Construction company specialising in power transmission infrastructure, today announced the successful charging of critical sections of the 400 kV multi-circuit transmission network between Pirana and Ahmedabad, marking a significant milestone in the project execution.

The transmission line from Torrent Power Grid Limited (TPL), Pirana to Power Grid Corporation of India Limited (PGCIL), Ahmedabad (CKT-1) was successfully charged at 17:15:45 hrs on February 19, 2026. Subsequently, the line from PGCIL, Pirana to PGCIL, Ahmedabad was energised at 19:20 hrs on the same day.

This achievement reflects the strong technical expertise, meticulous planning, and seamless coordination demonstrated by the project team. The successful energisation was accomplished after overcoming multiple operational and technical challenges, ensuring smooth, safe, and reliable commissioning of the infrastructure.

MF Trends: AUM of managed funds to double past Rs 455 lakh crore by 2030

Managed funds have become a force to reckon with as the shift in India’s investment narrative gains traction, with savings increasingly moving from traditional avenues such as fixed deposits to professionally managed, market-linked portfolios, indicates our report, ‘The ascent of alternatives’, released last Friday.

The report projects the assets under management (AUM) of India’s managed funds industry to grow 2.1x from Rs 2121 lakh crore last fiscal to ~Rs 455 lakh crore by fiscal 2030, as financialisation and investor participation increase.

That would take managed investments to ~73% of GDP, compared with ~64% as of last fiscal.

Managed funds include mutual funds, life insurance, retirement funds, portfolio management services (PMS), alternative investment funds (AIFs), real estate investment trusts (REITs) and infrastructure investment trusts (InvITs).

In focus: ONE MOBIKWIK: CO RECEIVES BSE APPROVAL TO LAUNCH STOCK BROKING BUSINESS

Commodities market live: Movement in oil prices by Rajeev Sharan, Head – Criteria, Model Development & Research, Brickwork Ratings:

“The latest surge in crude prices is a textbook reminder of how quickly the geopolitical risk premium can reprice when supply routes are threatened. Escalating US-Iran tensions and fears of disruption around the Strait of Hormuz have pushed Brent to multi-month highs, as markets reevaluate the risk of a sustained supply shock. The US Supreme Court’s tariff ruling adds another layer of uncertainty to global trade, amplifying risk premiums across commodities. For India and other oil-importing economies, this raises the prospect of renewed input cost pressures, stickier inflation, and narrower policy space. From a credit rating perspective, the immediate focus is on fuel-intensive sectors such as airlines, road transport, and chemicals, and on sovereigns with large energy import bills, where a prolonged spike in crude could weaken external balances, compress margins, and incrementally weigh on credit profiles.”

WATCH: Today’s stock recommendation

Stock to buy today: ICICI Prudential Life Insurance Company (₹663.50) – BUY

Stock to buy today: ICICI Prudential Life Insurance Company (₹663.50) – BUY

The short-term outlook is bullish for ICICI Prudential Life Insurance Company (LIC). The stock has been getting very good support from its 200-Day Moving Average (DMA) since late January this year.