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Gaurav Garg, Research Analyst at Lemonn Markets Desk, said gold and silver traded on a softer note on 17 February, consolidating after recent volatility as investors booked profits amid a firmer US dollar and shifting US Federal Reserve rate expectations.

He noted that in 2026 both metals are witnessing a volatile corrective phase following last year’s rally, though the broader multi-year uptrend remains intact. On MCX, gold is consolidating around ₹1.55–1.58 lakh per 10 grams, while silver is hovering near ₹2.41 lakh per kg, below earlier highs.

According to Garg, Investors may look to hold existing positions and rebalance on dips, while fresh allocations should be staggered given the choppy price action.

Vinod Nair, Head of Research at Geojit Investments Limited, said recent developments suggest next-generation AI applications are unlikely to disrupt Indian IT business models as sharply as earlier feared. Instead, AI is expected to be integrated into both existing and new deals, easing concerns over long-term sustainability.

He cautioned, however, that uncertainties remain around deal sizes, pricing and the eventual impact on margins after factoring in productivity gains and employee-cost efficiencies. While the FY27–28 outlook appears softer compared with the strong momentum of the past two to three years, subdued valuations already reflect this moderation. Greater clarity over the coming quarters could offer long-term investors a more attractive re-entry opportunity.

G R Infraprojects Ltd said it has secured a contract worth ₹1,898 crore from West Central Railway. Following the announcement, the stock traded largely flat. As of the latest update, shares were at ₹979.80 apiece, up ₹2.25 or 0.23% on the NSE.

Company Commences Sales For The e VITARA BEV, Introductory Price Starts At ₹10.99 lakh

Maruti will be announcing e Vitara prices between 15:00-15:30 Hrs

KNR Construction | Gets LoA Worth ₹2,163 Cr For Construction Of 4-Lane Elevated Corridor

Promoter Kama Holdings To Sell 3% Stake In SRF

Promoter Kama Holdings To Sell 3% Stake In Open Market, To Be Completed By March

The shares of PSB, Bank of Baroda rose close to 4% as PSB banks rose

The Nifty PSU Bank index is on the rise, jumping over 2%, making it the best-performing sectoral index.

Mayuresh Joshi, Director-Research, Marketsmith India

On IT companies

Mayuresh Joshi, Director-Research, Marketsmith India

On ITC

Here is a look at the roll over statistics on crucial stocks ahead of Nifty monthly expiry next week.

As government-owned bank stocks rose, Indian bank shares also spiked, rising towards the ₹1,000 a share mark.

The shares of Punjab National Bank surged close to 4% amid volatility in the market.

Allcargo Logistics | Strengthens Its Network To Scale E-Commerce & Quick Commerce Infrastructure

The Securities and Exchange Board of India (SEBI) has given ASK Asset & Wealth Management Group permission to start acting as an investment manager for its mutual fund business in India.

Nifty index is trying to hold onto its gains, and these are the biggest volume buzzers among Nifty 500 stocks.

Following the company’s announcement of a $100 billion direct investment to construct autonomous, renewable energy-powered AI infrastructure in India by 2035, shares of Adani Enterprises Limited increased by as much as 3%.

Promoter buys an additional 4.65 lakh shares. Since Feb 9, the promoter has bought 9.25 lakh shares

Somil Mehta, Mirae Asset Sharekhan

Chandan Taparia, Head Derivatives & Technicals, Wealth Management, Motilal Oswal Financial Services Ltd

According to Raghvesh of JM Financial, recent stock price corrections in some capital market companies could present possibilities for purchases. He anticipates that financialisation tendencies would persist over time, fostering the expansion of asset and wealth management companies.

The shares of Insurance companie are in focus after Insurance CEOs met IREDA.

The shares of Hind Zinc declined by over 2% as metal stocks remained under pressure.

Adani Ent. | Commits $100 Bn To Sovereign AI Infrastructure

Expands Partnership With Flipkart To Develop The Second High-performance AI Data Centre

To Catalyse An Addl $150 Bn Across Mfg, Servers & Sovereign Cloud Services By 2035

Integrates Model Linking Renewable Energy, Grid Resilience & Hyperscale AI Compute

CEOs of Life Insurers meet IRDAI Chairman on commission rules; CEOs propose deferring 40-50% of front-loaded commissions:

Mayuresh Joshi, Director-Research, Marketsmith India

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