The US Commerce Department said it will levy countervailing duties on solar cells and panels imported from companies in India, Indonesia, and Laos, concluding that producers in the three countries benefited from government subsidies that undercut American manufacturers.
US slaps steep countervailing duties on solar imports from India, Indonesia and Laos – Daily Market Update 25th Feb 2026
Overview and Outlook
Global Stock Market Today
- US equity markets ended higher in range 0.76% to 1.05%.
- European equity markets settled on a flat note.
- Asian equity markets are trading in green.
- GIFT Nifty is trading up by 60 points, Nifty futures likely to open around 25660 levels.
The benchmark Nifty index ended lower at 25425 spot levels after a cut of 288 points from its previous closing values.
Broader markets outperformed the benchmark as Mid and Small cap indices were down just 0.32% & 0.55% against over 1% declines in the frontline index.
Performance on the sectoral front was mix. Amongst them, Nifty IT was the worst performer, down 4.75% followed by Realty, Media and Chemical index that were down 2.54%, 1.31% & 1.07% respectively. On the other hand, Metal was the top gainer, rose 0.93% followed by Oil & Gas index that rose 0.5%.
Nifty index is consolidating in a slightly downward sloping channel formation with supports at 25300-25200 spot levels and immediate resistance at 25640 spot levels (channel formation breakout levels is placed at 25750 spot levels). At current juncture, we suggest traders to maintain sell on rise trading approach as long as it is trading below 25750 spot levels on closing basis and any bounce up to 25640 spot levels should be taken as fresh shorting opportunity.
Derivatives Overview & Outlook
All index futures (Nifty, Banknifty, Finnfity and Midcpnifty) drifted lower amid long unwinding on scheduled monthly expiry.
Nifty futures rolled 68% of open interest into next contract which was lower than the past 3 months average rollovers of 70.6%. Banknifty futures rolled 74% of open interest into next contracts which was marginally higher than the past 3 months average rollovers of 73%.
On options front, Nifty will start the first weekly series of March contract with maximum positions at 25000 PE and 25500 CE.
Institutional Trading Activity
Yesterday, FIIs sold stocks worth Rs 103 Cr in the cash segment, sold index futures worth Rs 3293 Cr and bought stocks futures worth Rs 357 Cr. On the other hand, DIIs were net buyers in the cash segment to the tune of Rs 3161 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 25700-25780; Supports 25475-25350
Banknifty – Resistances 61600-62000; Supports 60900-60585
Finnifty – Resistances 28550-28700; Supports 28200- 28050
Disclosure
Globe Capital Market Limited (“GCML”) is a Stock Broker registered with BSE, NSE, MCX, NCDEX, and MSEI in all the major segments viz. Capital, F & O and CDS segments. GCML is also a Depository Participant and registered with both the Depositories viz. CDSL and NSDL. Further, GCML is a SEBI registered Portfolio Manager and Research Analyst. GCML includes subsidiaries, group and associate companies, promoters, directors, employees and affiliates. AY Securities and Commodities Limited, Globe Derivatives and Securities Limited & Globe Fincap Limited are subsidiaries of GCML. AtoZ Finstock Private Limited, A to Z Consultants Private Limited, A to Z Venture Capital Limited, M. Agarwal Stock Brokers Private Limited, A M Share Brokers Private Limited, Shri Adinath Advertising Company Pvt. Ltd., Orient Landbase Private Limited, Bolt Synthetic Private Limited, Price ponder Private Limited and Lakshya Impex Private Limited are the associates of GCML.
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