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Indian Stock Market Rebounds Amid Strong Earnings, Trade Optimism

2/20/2026

29 4 Full Breakdown

Summary

Story summary

The Indian stock market is recovering on strong earnings and optimism about trade deals with the US and EU.
Devarsh Vakil of HDFC Securities notes pharma and consumer sectors showing double-digit growth.
The IT sector has declined, with the Nifty IT index down 10–13% year-to-date.
Domestic mutual funds have increased holdings while foreign portfolio investors recorded outflows to a 15.5-year low.

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Story summary

The Indian stock market is recovering on strong earnings and optimism about trade deals with the US and EU.
Devarsh Vakil of HDFC Securities notes pharma and consumer sectors showing double-digit growth.
The IT sector has declined, with the Nifty IT index down 10–13% year-to-date.
Domestic mutual funds have increased holdings while foreign portfolio investors recorded outflows to a 15.5-year low.