IT Stocks Drive Market Recovery; Experts Share Nifty, Bank Nifty Trading Strategies

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Moneycontrol•17-02-2026, 10:46
IT Stocks Drive Market Recovery; Experts Share Nifty, Bank Nifty Trading Strategies
- •Market shows recovery led by IT stocks; Nifty up over 100 points from lows, Sensex gains 166 points.
- •Infosys jumps nearly 3% after signing advanced AI deal with ANTHROPIC, ending IT sector's selling streak.
- •Defense stocks gain momentum: Cochin Shipyard secures 5000 crore order, BEL strengthens on India-France dialogues.
- •Profit booking seen in metal stocks; Hindalco and Nalco among top losers, while realty, oil & gas, NBFCs also under pressure.
- •Zomato and Swiggy slip due to Karnataka's 1% levy for gig workers' welfare; experts provide Nifty and Bank Nifty strategies.
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