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19.02.202605:59:12UTC+00India Stocks Snap 3-Day Rally

India’s BSE Sensex slipped about 0.4% to 83,420 on Thursday, giving back earlier gains as investors booked profits after a three-day winning streak. InterGlobe (-2.1%), Adani Power (-0.7%), and Axis Bank (-0.6%) were among the notable early decliners. Ongoing listings of major fund houses and their support for tech and small-cap stocks are still underpinning investor confidence and market liquidity, but broader indices came under pressure from profit-taking.

On the structural front, strategic investments by Tata in data centres and by Valeo in auto components underscore the long-term growth potential of India’s technology and manufacturing industries, even though these developments could not counterbalance the day’s short-term selling pressure. Among early gainers, Infosys (+1.6%), TCS (+1.6%), and HCL Tech (+1.5%) advanced. Looking ahead, traders are eyeing Friday’s preliminary domestic PMI data for February, which should offer an early read on the momentum of India’s economic activity.

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