Ganesh Komma breaks down the Indian market on February 26, 2026: benchmarks ended flat with subdued volatility, FIIs returned with ₹4,300 crore in net purchases after 17 months of outflows, and metals led gains with Tata Steel up over 1%. Gold ETFs pulled in more money than equity funds, reflecting India's $5 trillion household gold holdings versus $1.1 trillion in equities.
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Market snapshot for 26th of February Indian equity markets traded largely flat with subdued volatility eventually closing marginally. Positive benchmark indices ended slightly in the green reflecting consolidation and a sideways move and it has definitely lacked a strong directional momentum despite minor intraday moments in some of the key sectors. In February alone foreign institutional Investors net purchased 4300 crores after around 17 months. We have seen FII positive inflows into the Indian stock market after a very long period and if you look at the broader indices, Nifty Jr has been very flat, mid caps a 0.5% up move and small cap also very flat. And if you look at the banking, yes banking has increased by around 0.24% and commodities has more or less been flat or in gold we have seen a slight 0.46% up move whereas silver we have seen a 2 percentage correction. And sectorally if you focus, yes there are certain sectors which we have been seeing emerging back again and the momentum is slowly starting out be it like metals. Stocks like Tata Steel short strength and has outperformed metals as a sector moved more than 1% yesterday. Banking a mixed performance SBI rules while others, Kotax and all the other lagged the peers, it continued sector pressure broadly evident in the recent trends. Now looking at gold ETF inflows exceeded equal mutual funds. So if you look at gold versus equity the inflows of gold has exceeded the equity mutual fund inflows. And if you look at the data pointer the Indian households hold around $5 trillion in gold versus in equity approximately around $1.1 trillion. SEBI now allows equity funds greater flexibility to allocate non equity portions to gold and silver, reinforcing goals role as a portfolio hedge Overall markets traded in a very narrow range with mixed sector action. Metals and select banking names outperformed while broader momentum remained muted. So you let me know in the chat box or in the comment section what is your take on the markets for today?
