Stock Market Outlook Today, Feb 24: Sensex, Nifty Likely to Trade With Positive Bias on Easing Trade Tensions

Indian equity markets are expected to trade with a cautious but positive bias on February 24, 2026, as easing global trade tensions and supportive domestic factors help stabilise investor sentiment. A temporary pause in tariff escalation globally has reduced near-term uncertainty, though markets remain watchful of how the US government responds to the Supreme Court verdict and recalibrates trade negotiations with key partners.

Stock Market Outlook Today, 24 February 2026: Sensex, Nifty Prediction Today

For India, the revised global tariff framework appears relatively favourable, with US President Donald Trump indicating a potential 15% global tariff rate, lower than the earlier interim US-India rate of 18%. This has improved visibility for export-oriented sectors and helped calm near-term concerns around trade disruptions.

Against this backdrop, benchmark indices extended gains for the second consecutive session on Monday. The Nifty closed at 25,711, up 140 points or 0.5%, while broader markets showed mixed trends. The Midcap 100 slipped 0.4%, whereas the Smallcap 100 edged up 0.3%, highlighting selective buying across segments.

Sectorally, capital goods stocks continued to outperform, supported by a sustained government-led capex cycle, strong order inflows and expanding opportunities in transmission and distribution, renewables, defence and emerging areas such as artificial intelligence and data centres.

Improved export prospects following recent India-US and India-EU trade engagements have further strengthened long-term visibility for the sector.

Commenting on commodity and macro trends, Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal Financial Services Ltd., highlighted the role of global risk aversion in driving gold prices.

"The Indian finance minister attributed the recent surge to strong central bank buying globally, reinforcing safe-haven demand. Gold rose over 2% on the MCX and remained firm in international markets, reflecting continued risk aversion. Overall, we expect markets to trade within a broader range with a positive bias, driven by mixed global cues, while domestic sector-specific momentum is likely to remain the key driver," Khemka said.

Nifty Prediction Today, 24 February 2026

According to technical analysts at Bajaj Broking, the Nifty continues to show signs of consolidation with a positive undertone. "The index formed a small bullish candle with shadows on either side, signalling consolidation with a positive bias for the second session in a row. The Nifty has moved above its 20- and 50-day exponential moving averages," analysts noted.

They added that the index has been consolidating in the 25,400-25,900 range over the past 7-8 sessions. A decisive breakout above this zone could signal fresh upside momentum, while a breakdown below the range may indicate near-term weakness. On the daily chart, a potential double bottom around 25,372 is seen as a key support, with a move above 25,900 likely to open upside towards 26,200-26,300 in the coming weeks.

Bank Nifty Outlook Today

Bank Nifty is expected to remain range-bound in the near term, amid stock-specific action and continued outperformance by PSU banks over private lenders.

"Bank Nifty formed a high-wave candle, indicating consolidation. Bias remains positive, and dips should be used as buying opportunities, with short-term support placed at 60,500-60,200 levels," Bajaj Broking said.

Analysts expect the banking index to trade within the 60,000-61,750 range in the near term. A decisive move beyond this band could trigger fresh directional momentum, while volatility is likely to remain elevated due to uncertain global cues.

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