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Sensex Today | Stock Market LIVE Updates: Nifty slumps below 25,600, falls over 200 points as sell-off intensifies

Published on 19/02/2026 12:53 PM

Somil Mehta of Mirae Asset Sharekhan

On Netweb Technologies

The stock has broken out of a huge consolidation. It has been consolidating for the last three months and consolidating above the 200-day moving averages (DMA).

So, I will be very positive on the stock. My targets would be around ₹4,250 in the short-term to medium-term outlook.

Fresh buying is suggested; ₹3,120 would be the stop loss, but this is a long-term story, and one should definitely invest in the stock.

Moshe Katri, Managing Director, FinTech & Tech-Enabled Services Investment Banking at Wedbush Securities, believes that Indian IT companies might be approaching a valuation bottom after the Nifty IT index dropped more than sixteen percent in a single month.

 

According to fund data, over the last eight years, a monthly SIP in the Mahindra Manulife Mid Cap Fund has produced an XIRR of 22.3%, surpassing the 21.1% produced by the Nifty Midcap 150 TRI during the same time period.

 

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Nifty has fallen over 200 points, and these are the biggest contributors to the loss.

The Nifty Smallcap index is down, as the larger market also suffers along with the benchmark indices.

The Nifty Midcap 100 index is also under pressure, falling close to 1%

The Nifty Bank index is under pressure, with the banking index falling towards 61,000.

The Nifty index has extended losses, falling over 200 points.

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The Nifty Index has fallen below the 25,700 mark as the market extends losses.

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