Nifty have remained sideways in the last session all thanks to the ongoing selling in the information technology stocks and dampening global sentiments. The mood on the street is looking cautious with good buying action seen in the broader markets. The support for the week is around 25300-25350 on the lower side while 25600-25650 is the hurdle for the short-term traders. Banking Index is now showing first signs profit booking again and some more drift lower towards 60800 expected where good support is placed. Short term traders should keep 60500 (spot) as stop loss for all the long contracts and may hold long positions till it is not breaching the support zones for the day. Buzzing Stocks on the Street today:

VMM

Promoter Samayat Services is likely to sell up to a 6.5% stake (Impact: Neutral to Negative)

GMDCLTD

- has entered into a Memorandum of Understanding (MoU) with NTPC to jointly explore opportunities in coal and lignite gasification and downstream utilisation. (Impact: Positive)

NETWEB

- Vertiv has announced a collaboration with Netweb Technologies India to jointly engineer and validate Netweb’s in-house designed GPU compute platforms (Impact: Positive)

IOC

- board will meet on March 6 to consider a second interim dividend for FY26. (Impact: Neutral to Positive)

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