Weekly Update- 20 Feburary 2026

NIFTY50

Nifty closed the week at 25,571, gaining 100 points (+0.39%). The week began on a positive note, with the index witnessing a sharp recovery from lower levels on Monday and sustaining upward momentum for the next two sessions. However, the market later faced strong selling pressure from higher levels, forming a bearish engulfing structure that negated the prior three green candles. On Friday, the index rebounded from lower levels, indicating buying interest near support zones. For the coming week, key support is placed around 25,250, while resistance lies near 25,900. The preferred approach remains buying near support and selling near resistance, maintaining tight risk management.

BANKNIFTY

Bank Nifty closed the week at 61,172, gaining 985 points (+1.64%). The index continued to outperform, extending its relative strength seen over the past few weeks, largely led by strong momentum in PSU banks. The overall structure remains constructive, reflecting sustained buying interest in the banking space. For the coming week, key resistance is placed around 62,000, while support lies near 60,500, with the preferred view remaining buy on dips.

TOP GAINING SECTOR

NIFTY PSUBANK was top gainer sector for the week

Major gainers were:-

PNB:- up by 9.12%

CANARA BANK:- up by 8.73%

UNION BANK:- up by 8.45%

BANK OF BARODA:- up by 7.51%

TOP LOSING SECTOR

NIFTY IT was top losing sector for the week

Major losers were:-

PERSISTENT:- down by 7.06%

TECH MAHINDRA:- down by 5.05%

LTIM:- down by 4.42%

MPHASIS:- down by 3.44%

IMPORTANT NEWS

• Foreign institutional investors (FIIs) turned net buyers in February, investing Rs 16,912 crore amid improved Q3 corporate earnings. While outflows hit Rs 35,962 crore in January, buying returned across financial services and capital goods. Analysts see this as a potential trend reversal, with continued FPI inflows expected through FY26.

• On February 20, 2026, the U.S. Supreme Court ruled 6-3 against the imposition of tariffs on US trading partner countries. The court argued that under the International Emergency Economic Powers Act (IEEPA), the US President does not have the legal authority to impose such sweeping tariffs. The court’s view is that the power to impose taxes is reserved for Congress.

• United States President Donald Trump has doubled down on his new global tariffs, raising them from 10 percent to 15 percent, days after the Supreme Court struck down his sweeping levies on imports.

• Nifty ended the week in a consolidative range, reflecting caution ahead of Monday’s open after the US Supreme Court verdict. Markets are watching for breakout momentum, with key sectors showing mixed relative strength.

• Top Indian firms saw a significant market valuation surge last week, with Larsen & Toubro and State Bank of India leading the gains. Six of the top-10 valued companies collectively added over Rs 63,000 crore, while others experienced a decline in their market capitalization.