SENSEX, NIFTY50 gain for a second straight session led by Infosys, Larsen & Toubro

The Indian equity benchmarks rose for a second straight session on Tuesday, February 17, led by gains in index heavyweights like Infosys, Larsen & Toubro, ITC, Bharat Electronics, State Bank of India, Titan and Sun Pharma.

The SENSEX advanced as much as 611 points from the day's lowest level and NIFTY50 index touched an intraday high of 25,764 and a low of 25,570.

Asian shares ended mixed on Tuesday amid rising geopolitical tensions after Iran conducted naval exercises near a critical shipping corridor before talks with the US resume later Tuesday, news agency Bloomberg reported.

Japan's Nikkei fell 0.47% while Australia's S&P/ASX 200 index advanced 0.32%. Markets in China, Hong Kong and South Korea were shut on account of holiday.

Back home, eleven of 15 sector gauges compiled by the National Stock Exchange (NSE) ended higher led by the NIFTY PSU Bank index's 2.115 gain. NIFTY IT, Pharma, Media, Consumer Durables, Auto and FMCG indices also rose between 0.4%-1%.

On the flipside, metal, financial services, realty and oil & gas shares witnessed selling pressure.

Broader markets witnessed buying interest as NIFTY Midcap 100 index rose 0.3% and NIFTY Smallcap 100 index advanced 0.6%.

Among the individual shares, Ola Electric plunged for a fourth straight session to hit a record low of ₹27.36 on the NSE. In intraday deals on Tuesday, in intraday deals, Ola Electric shares plunged as much as 5.1% and in the last four sessions the stock has dropped 12.92%.

Fresh selloff in Ola Electric shares came after the company reported another quarter of losses in December quarter.

Ola Electric reported that its net loss narrowed to ₹487 crore during the October-December period from loss of ₹564 crore it had reported in the same period last year.

Its consolidated revenue from operations also saw a decline as it came in at ₹470 crore in Q3FY26, reflecting a 55.02% year-on-year (YoY) decline from ₹1,045 crore in the year-ago period. It posted total deliveries of 32,680 units in the third quarter ended December 31, 2025.

Adani Enterprises was top gainer in the NIFTY50 index, the stock rose 2.75% to close at ₹2,244 after billionaire Gautam Adani-led Adani Group announced an investment of $100 billion to develop renewable-energy-powered, hyperscale AI-ready data centres by 2035, in one of the world’s largest integrated energy-compute commitments.

ITC advanced 2.34% to close at ₹325 mirroring gains in other tobacco companies.

Infosys advanced nearly 2% after the country's second largest IT company announced a strategic collaboration with US-based AI research firm Anthropic to help enterprises deploy advanced artificial intelligence tools across complex and highly regulated sectors.

Bharat Electronics, Infosys, L&T, Asian Paints and Tata Motors PV were also among the gainers in the NIFTY50 index.

On the flipside, Hindalco, Eternal, Tata Steel, Trent, Shriram Finance, Cipla, Reliance Industries and Grasim were top losers in the NIFTY50 index.

The overall market breadth was positive as 1,932 shares ended higher while 1,217 closed lower on the NSE.