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Indices magnify losses in late morning deals
Feb-19-2026

Domestic equity indices magnified their losses and were trading lower with cut of over half percent in late morning deals as market participants indulged in reducing their positions. Rising crude oil prices in international market weighed on the domestic sentiments. Crude oil prices surged after U.S. Vice President JD Vance said Iran did not address U.S. red lines in nuclear talks this week and President Donald Trump reserves the right to use military force. On the BSE sectoral front, traders were seen piling up positions in IT, TECK and Healthcare, while selling was witnessed in Realty, Power, Consumer Durables, Capital Goods and Utilities. 

On the global front, Asian markets were trading mostly in green following positive cues from the US markets overnight. Back home, in the stock specific development, DCX Systems surged as the company has secured purchase orders worth around Rs 44.06 crore from domestic and international customers. 

The BSE Sensex is currently trading at 83279.81, down by 454.44 points or 0.54% after trading in a range of 83251.64 and 83979.36. There were 5 stocks advancing against 26 stocks declining on the index.

The few gaining sectoral indices on the BSE were IT up by 0.70%, TECK up by 0.21% and Healthcare up by 0.15%, while Realty down by 1.43%, Power down by 1.07%, Consumer Durables down by 0.97%, Capital Goods down by 0.96% and Utilities down by 0.80% were the top losing indices on BSE.

The top gainers on the Sensex were Infosys up by 1.37%, TCS up by 0.83%, HCL Technologies up by 0.29%, Tech Mahindra up by 0.14% and Maruti Suzuki up by 0.03%. On the flip side, Trent down by 2.19%, Kwality Walls (India) down by 2.11%, Mahindra & Mahindra down by 1.46%, Interglobe Aviation down by 1.34% and Bharat Electronics down by 1.16% were the top losers.

Meanwhile, Commerce and Industry Minister Piyush Goyal has said that India is looking to diversify its sources of crude oil and coking coal and is keen to import premium-quality coking coal from the United States (US). He said India is currently reliant on 2 or 3 geographies for coking coal needs and prices keep fluctuating. 

The minister has said that the US can provide certain goods that are critical for India’s economic growth, including Graphics Processing Units (GPUs) for Artificial Intelligence applications, equipment for data centres and high-performance computing. He said that India can manufacture products that the US cannot compete in, while America can be a strong source of technology and capital. He said India has aircraft demand worth $100 billion from the US over the next five years and the country needs more to increase local capacity and bring down fares.

The minister further stated that under an interim trade agreement with the US, India intends to purchase $500 billion goods from US over the next five years. He said a team of Indian officials is visiting the US next week to finalise the legal text for an interim trade agreement, which is expected to be signed in March. He added that entering into a trade agreement with the US is good for India as it opens huge opportunities for Indian firms, particularly in labour-oriented goods and technology services.  

The CNX Nifty is currently trading at 25686.95, down by 132.40 points or 0.51% after trading in a range of 25679.75 and 25885.30. There were 10 stocks advancing against 41 stocks declining on the index.

The top gainers on Nifty were ONGC up by 2.25%, Infosys up by 1.33%, Hindalco up by 0.80%, TCS up by 0.77% and HDFC Life up by 0.51%. On the flip side, Trent down by 2.21%, Adani Enterprises down by 1.65%, Kwality Walls (India) down by 1.84%, Mahindra & Mahindra down by 1.52% and Interglobe Aviation down by 1.38% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 412.16 points or 0.72% to 57,556.00, KOSPI increased 172.79 points or 3.04% to 5,679.80, and Straits Times rose 51.61 points or 1.05% to 4,990.19. However, Jakarta Composite plunged 21.15 points or 0.26% to 8,289.08.
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