Although the benchmark indices opened higher, they traded positively throughout the session and ultimately closed flat.
Indian equity benchmarks, Sensex and Nifty50, gave up most of the intraday gains but managed to end higher.
At the closing bell, the BSE Sensex closed flat by 50 points (up 0.1.%).
Meanwhile, the NSE Nifty closed 57 points higher (up 0.%).
Tata Steel, TCS, and HCL Tech Industries are among the top gainers today.
Reliance Industries, SBI, and Adani Ports, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 25,630, higher by 27 points at the time of writing.
The BSE MidCap index ended 0.6% higher, and the BSE SmallCap index ended 2.1% lower.
Sectoral indices are trading mixed today, with stocks in the metal sector and the auto sector witnessing buying. Meanwhile, stocks in the banking sector and the telecommunications sector witnessed selling pressure.
The rupee is trading at Rs 90 against the US$.
Gold prices for the latest contract on MCX are trading 0.6% higher at Rs 160,985 per gram.
Meanwhile, silver prices were trading 2.2% higher at 2,66,600 per 1 kg.
Aurobindo Shares Rise on Subsidiary Incorporation
In the news from the pharma sector, shares of Aurobindo Pharma came into focus after the company incorporated a new wholly owned subsidiary named Engenra Biologics.
Aurobindo Pharma announced the incorporation of a new wholly owned subsidiary, Engenra Biologics Pvt. Ltd., in India on 24 February 2026, as per an exchange filing.
The subsidiary will operate in the pharmaceutical sector and is aimed at expanding the company's contract manufacturing and other pharmaceutical production activities.
Engenra Biologics was established with an initial share capital of ?10 lakh, divided into 1,00,000 equity shares of Rs 10 each, fully paid in cash by Aurobindo Pharma, giving it 100% ownership.
Afcons Infra Shares Fall on Project Termination
Moving on to the news from the infrastructure sector, shares of Afcons Infrastructure came into focus a client terminated a road project contract worth Euro 113 million (approx. Rs 10.17 billion), while the company said its pursuing legal remedies.
Afcons Infrastructure has received a termination notice from Societe Autoroutiere du Gabon (SAG) for an EPC contract on the National Road NR1 project in Gabon.
The contract, worth around €113 million, covered the design, construction, rehabilitation, and upgrade of a 117-km stretch from PK 24+000 to PK 105+000.
The company believes the termination violates the contract and applicable law and is pursuing legal and contractual remedies. Afcons emphasized that this issue is limited to this project and does not affect its overall order book, operations, or business outlook.
Schaeffler India Q4 FY26 Results
Moving on to the news from auto sector, shares of Schaeffler India came into focus after the company reported its Q4 results.
Its revenue from operations rose 27.5% year-on-year to Rs 27.24 bn from Rs 21.36 bn.
In Q4, the company's consolidated net profit stood at Rs 3.22 bn, up 35.8% from Rs 2.37 bn in the same period last year.
As per the filing, the board has recommended a dividend of Rs 35 per equity share with a face value of Rs 2 each.
If approved by shareholders at the upcoming Annual General Meeting (AGM), the dividend will be paid within 30 days from the date of the AGM.
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