Market View 18th February, 2026

View on market: Volatility persists, eagerly searching for growth:

Global markets showed mixed signals amid light holiday trading and continued concerns about the impact of artificial intelligence on businesses. In the US, futures for the S&P were slightly lower, while European futures were largely unchanged. On Wall Street, trading was volatile at the start of the shortened week. The broader market index ended marginally higher, technology shares slipped slightly, and the Dow finished flat as investors remained cautious about how artificial intelligence could affect corporate earnings across industries. In Asia, markets moved higher despite thin trading volumes due to the Lunar New Year holidays. Several major regional markets, including China and Hong Kong, remained closed. Japanese shares gained, helping lift the broader Asia Pacific index, while Australian markets edged slightly lower. In India, benchmark indices extended their gains for a second straight session, supported by strength in major companies such as Infosys and Larsen & Toubro. However, broader markets underperformed as some mid-sized stocks saw notable declines. Overall sentiment remained cautiously positive.

Economic Calendar:

• USD: Industrial Production (Jan) on 18^th February 2026.
• IND: S&P Global Services and Manufacturing PMI Data on 20^th February 2026.
• USD: Initial and Continuing Jobless Claim Data on 19^th February 2026.
• IND: RBI MPC Meeting Minutes on 20^th February 2026.

Brokerage Radar:
>GOLDMAN SACHS ON LG ELECTRONICS:>

Target ₹1,750 Recommendation Buy, Well-entrenched market leader capitalizing on India’s evolving demographics, Company is well-placed to grow faster than the industry in the near to medium term, Rising competitive intensity in an increasing commodity price environment should keep margin expansion potential limited, Portfolio mix and innovation leadership to sustain premiumization, Parent’s ‘Global South’ strategy and aggressive capex to drive growth further, See 15%/22% revenue/EPS CAGR over FY26E-28.

HSBC ON HINDALCO:

Target ₹1,210 Recommendation Buy, View the negative stock reaction to Novelis’s Oswego fire and consolidated debt increase are excessive, Overall, while March could be another weak quarter at Novelis, net debt should decline from H2FY27, Highlight that Novelis has delivered a secular improvement in margins from FY16, Hindalco remains preferred pick in the India metal and mining space.

HSBC ON BROOKFIELD REIT:

Target ₹370 Earlier Target ₹360 Recommendation Hold, Post acquisition of Bangalore asset, see limited near-term catalysts, Interest cost has bottomed and rent growth captured, Believe increasing occupancy rates will continue to drive dividend per unit growth.

International Markets:

U.S & Europe:

*As per 18^th February.

Asian markets:

*As per 16^th February.
*As per 13^th February.

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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