February 16, 2026 11:21 pm (IST)
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Stock Market
Representational Photo: ChatGPT

Mumbai/IBNS: The Indian equity markets began the first trading session of 2026 on a positive note, extending gains for the second consecutive day as benchmark indices opened higher on Friday.

The BSE Sensex climbed nearly 100 points at the opening bell, while the NSE Nifty 50 traded above the 26,150 mark.

Markets maintained upward momentum amid strong buying interest in auto, banking and IT stocks.

Among the top gainers in early trade were Blue Dart Express, which surged 8.45 per cent, followed by Transformers and Rectifiers (India) at 8.37 per cent, V-Guard Industries at 6.33 per cent, Vodafone Idea at 3.81 per cent and HFCL at 2.89 per cent.

On the downside, Godfrey Phillips India declined 8.64 per cent, ITC slipped 4.37 per cent, Craftsman Automation fell 2.69 per cent, while Alkem Laboratories and MMTC dropped 1.62 per cent each.

Meanwhile, the Indian rupee weakened by 11 paise to trade at 89.99 against the US dollar in early sessions.

Market expert Anil Singhvi told Zee Business that the Nifty 50 is likely to find support in the 26,000–26,100 range, with a strong buy zone seen between 25,875 and 25,975 levels.

For the banking index, Singhvi expects support for Nifty Bank around 59,300–59,450 levels, while identifying 59,075–59,250 as a strong buying zone.

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