Weekly market update, Feb 20, 2026

Indian equity markets largely traded rangebound and closed the week with modest gains driven by gains in financial and energy stocks amid optimism over trade deal progresses and India’s participation in Pax Silica. This outweighed continued losses in information technology. Key benchmark indices BSE SENSEX and Nifty 50 gained 0.23% and 0.39% respectively. The broader market indices, BSE 100 Midcap gained 0.34% and BSE 250 Smallcap lost 0.27% respectively. On BSE sectoral front, it was mixed. Bankex was the major gainer, up 1.96%, followed by FMCG and Metal, up 1.41% and 1.09%, respectively. While the BSE IT index was a major laggard, down 1.71%.

Looking ahead, Indian equity markets could be dominated by global tariff developments following the US Supreme Court’s Feb. 20 ruling striking down key Trump tariffs. Investors will track FII/DII flows, RBI banking data, corporate actions, and Wall Street economic releases amid Trump’s announced 10-15% global replacement tariffs.

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