Vedanta surges 5% after BofA upgrade; Sensex ends at 82,276, Nifty at 25,483

The equity benchmark indices BSE Sensex and NSE Nifty ended in the green on Wednesday (February 25) but came off the day’s highs, with the Nifty closing above the 25,450 mark.

The Sensex rose 50 points to 82,276, while the Nifty gained 58 points to settle at 25,483.  However, the Nifty Bank index underperformed and ended flat, slipping 4 points to 61,043. AU Small Finance Bank Ltd was the top loser on the banking index.

The broader markets saw buying interest, with the Midcap index rising 340 points to 59,406. Market breadth remained neutral, with the NSE advance-decline ratio at 1:1.

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From the Sensex basket, Bajaj Auto Ltd, HCL Technologies Ltd, Tata Steel Ltd, Adani Enterprises Ltd, Shriram Finance Ltd and Tata Consultancy Services Ltd were the major gainers. State Bank of India, Bharti Airtel Ltd, ITC Ltd, Kotak Mahindra Bank Ltd, Tata Consumer Products Ltd

and Max Healthcare Institute Ltd were the biggest laggards.

The Nifty IT index snapped its five-day losing streak. L&T Technology Services rose 4% during the session. Auto stocks witnessed buying following strong February registration numbers, with Hero MotoCorp gaining 4%. Vedanta surged 5% after Bank of America upgraded the stock to ‘Buy’ from ‘Neutral’ and raised its target price by 75%.

In contrast, solar stocks came under pressure after the United States imposed a 126% duty on Indian solar imports. Waaree, Premier Energies and Vikram Solar declined between 6% and 10%. SpiceJet recovered 18% from the day’s low in the final hours of trade. Schaeffler India rose 4% after reporting healthy Q4CY25 earnings.

Among midcaps, Mankind Pharma, Aurobindo Pharma, KPIT Technologies, M&M Financial Services and Hindustan Zinc were the top gainers. IRFCfell by over 4% after the government announced plans to offload up to a 4% stake via an offer for sale. MCX and Hindustan Zinc gained up to 4% as silver prices rose.

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According to NSE data, Foreign Institutional Investors (FIIs) were net buyers in the equity market, purchasing shares worth ₹2,991.64 crore today (provisional). Domestic Institutional Investors (DIIs) also supported the market, with net purchases of ₹5,118.57 crore in equities today (provisional).