- 🇮🇳 Indian Market: Nifty started today with a gap-down 📉, showing early nervousness, but quickly rebounded and stayed on an uptrend with higher highs and higher lows 📈.
- The rise was supported by value buying, mixed to positive global cues, and strong buying in heavyweight and banking stocks 🏦.
- Technically, moving above 20, 50, and 100 EMA with improving RSI indicates strengthening bullish momentum 🚀
- 📊 Market Breadth: On the NSE, 1208 stocks ended in the green, while 1713 stocks closed in the red.
- 🌍 Global Market: S&P 500 closed slightly higher on Friday 😊 as cooling inflation data supported sentiment, but Nasdaq slipped due to weakness in big tech over AI disruption fears 🤖📉. This cautious mood carried into Asia, where markets consolidated recent gains amid thin holiday trading, while weak Japan data added pressure. Meanwhile, oil prices stayed steady as expectations grew of OPEC raising output from April.
Market Update 📰:16-02-2026
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