Stock Market Today: Nifty at 25,465 as Infosys Climbs 1.49%, TCS Up 1.23% After Nvidia’s 73% Revenue Jump

Overview:

• IT stocks rallied strongly after Nvidia posted 73% revenue growth to $68.1 billion and upbeat guidance.

• Sanofi Consumer Healthcare surged 13.46% after reporting 50% growth in quarterly profit and strong revenue expansion.

• Reliance Industries’ subsidiary allotted Rs. 853 crore worth of shares, reshaping ownership between Reliance Intelligence and Meta.

Stock market today, on Thursday, February 26, showed mixed sentiments. Nifty 50 traded at 25,465, and Sensex was at 82,220.73 at press time. IT stocks powered ahead on the back of strong earnings from Nvidia. The losses in banking and energy stocks, however, kept the broader market in check. The underlying strength in Indian Rupee and strong domestic institutional buying suggest that the market is finding strength today.

Here is everything traders and investors need to know about the stock market today based on Moneycontrol data. 

Sectoral Performance: IT and Pharma Lead Gains

The stock market today saw IT stocks emerge as clear outperformers following Nvidia's strong December quarter results. The company’s revenue was up 73% year-on-year at $68.1 billion. This is more than analyst estimates of $65.7 billion. The chipmaker also guided for $78 billion in current-quarter revenue, well above Wall Street's $72 billion estimate.

LTIMindtree announced a collaboration with Nvidia to support the Central Board of Direct Taxes under the Insight 2.0 initiative. Despite the positive development, its shares were marginally lower at Rs. 4,555.40.

Nifty IT index rose on its second consecutive session. Tech Mahindra gained 2.06% to Rs. 1,389.90, Infosys share price was up 1.49% to Rs. 1,309.30. TCS rose 1.23% to Rs. 2,661.60, and HCL Technologies climbed 1.45% to Rs. 1,398.20.

Nifty Pharma index also rose around 1%. Mankind Pharma jumped 4.37% to Rs. 2,249.80, Zydus Lifesciences was up 2.42% to Rs. 941.95 after announcing plans to launch Semaglutide injections in India. Divis Labs surged 2.4% to Rs. 6,549. Aurobindo Pharma's subsidiary Eugia Pharma also received USFDA approval for Everolimus tablets, with the stock up 1.98% to Rs. 1,235.50.

BSE Telecom index rose 0.5%, led by Tejas Networks, which soared 8.15% to Rs. 343.80. The hike came after an agreement with NEC Corporation to supply 5G Massive MIMO radios. Vodafone Idea gained 2.52% to Rs. 11. Bharti Airtel share price was up 0.59% to Rs. 1,925.

BSE Auto index extended gains for a second straight session. Tube Investments rose 2.22% to Rs. 2,675.70, Hero MotoCorp gained 1.27% to Rs. 5,810, Eicher Motors climbed 0.89% to Rs. 8,082, and Bajaj Auto was marginally higher at Rs. 10,114.50.

Stocks in Focus: Most Active, Top Gainers, Top Losers

Here is a quick look at the top gainers, losers and most active stocks on Nifty 50 in the stock market today.

Share Market News: Key Updates

Reliance Industries’ subsidiary REIL allotted shares worth Rs. 853 crore. Out of which, shares worth Rs. 596.6 crore were allotted to Reliance Intelligence and Rs. 256.6 crore to Facebook Overseas, a Meta subsidiary. After this transaction, Reliance Intelligence holds 70% in REIL and Meta holds the remaining 30%. Reliance share price was trading near Rs. 1,398.60.

SBI Life Insurance climbed 0.83% to Rs. 2,090.15. The stock surged after its board declared an interim dividend of Rs. 2.7 per share for FY26. Record date is set for March 6 and payout deadline is March 27.

Sanofi Consumer Healthcare Q4 profit jumped 50% to Rs. 66.5 crore, with revenue rising 47% to Rs. 251 crore. The company’s share surged 13.46% to Rs. 4,544.95 in the stock market today. On the other hand, Sanofi India dropped 4.16% to Rs. 3,966.50 after its Q4 profit fell 32% to Rs. 61.7 crore. The company’s revenue declined 18.5% to Rs. 419.8 crore.

IRFC gained 0.43% to Rs. 105. The company signed a $400 million external commercial borrowing agreement with Sumitomo Mitsui and MUFG Bank. NTPC Green Energy commissioned a 50 MW wind project in Gujarat. Thus, taking its total installed capacity to 9,201 MW, though its stock dipped 0.48% to Rs. 89.86.

Ola Electric rose over 1% despite Goldman Sachs slashing its target price by 50% and revising market share forecasts sharply lower. Cholamandalam Investment fell 2.5% after reports that Vellayan Subbiah would exit the company as part of a Murugappa family settlement.

Rupee, Gold, Oil

Indian rupee traded up at 90.87 per dollar against the previous close of 90.95. US dollar index fell to 97.592 as Nvidia's strong earnings lifted investor sentiment globally. It diverted attention from tariff-related concerns.

Gold prices climbed 0.3% to $5,184.43 per ounce in spot markets. The rate increase was supported by the weaker dollar and safe-haven demand. US gold futures for April delivery were at $5,199.20.

Meanwhile, Brent crude traded at $71.12 per barrel, up 0.3%. WTI crude rose to $65.65, as investors focused on developments in the US-Iran nuclear talks in Geneva. Supply disruption concerns kept oil prices near seven-month highs despite a build-up in US crude inventories.

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Market Outlook

The stock market today showed cautious optimism. Individual stock selection seemed to have outperformed broad index bets. Surge in IT and Pharma offer a tactical cushion; Nifty 50 needs to decisively clear immediate resistance levels to continue the upward trend.

Investors should keep a sharp eye on the volatility in the energy sector and the outcomes of the Geneva nuclear talks. Any sudden spike in crude prices could test the Rupee's recent gains. Experts suggest that short-term volatility may continue. However, long-run fundamentals are strong.

Also Read: US Stock Market Today: Wall Street Rises Ahead of NVIDIA Earnings as Circle Shares Surge Over 20%

FAQs

1. What happened in the stock market today?

The market is mixed because gains in IT and pharma stocks are being offset by weakness in banking and energy shares. Strong Nvidia earnings boosted technology stocks like Infosys and TCS. However, losses in select large-cap stocks kept the broader indices from rising sharply. Investors are also watching global cues, oil prices, and currency movements before making big bets.

2. Why are IT stocks rising today?

IT stocks are rising after Nvidia reported a strong 73% year-on-year revenue growth of $68.1 billion. The company also gave strong future revenue guidance, which lifted global tech sentiment. Indian IT companies benefit from global technology demand. As a result, Infosys gained 1.49%, TCS rose 1.23%, and Tech Mahindra advanced over 2%.

3. What is the latest update on Reliance shares?

Reliance Industries saw activity after its subsidiary REIL allotted Rs. 853 crore worth of shares. Of this, Rs. 596.6 crore went to Reliance Intelligence and Rs. 256.6 crore to Facebook Overseas, a Meta unit. After the deal, Reliance Intelligence holds 70% and Meta holds 30%. Reliance shares traded near Rs. 1,398.60.

4. How did Sanofi perform in Q4 results?

Sanofi Consumer Healthcare reported strong Q4 numbers. Profit rose 50% to Rs. 66.5 crore, while revenue increased 47% to Rs. 251 crore. The stock jumped 13.46% to Rs. 4,544.95. However, Sanofi India posted weaker results, with profit falling 32% and revenue declining 18.5%, which led to a drop in its share price.

5. What are investors watching next?

Investors are closely watching crude oil prices, rupee movement, and global developments such as US-Iran nuclear talks. Brent crude is trading near $71 per barrel, which could impact inflation and currency trends. Traders are also monitoring whether Nifty can break key resistance levels to extend gains in the coming sessions.