Solar Stocks Slide as US Imposes Up to 126% Tariffs on Indian Imports & More – Paper by Pocketful

Feb 25, 2026

Waaree Energies (-10.42%): Shares plunged 15% in opening trade after the US imposed preliminary duties of up to 126% on Indian solar imports, raising concerns over export growth and US market access.
HG Infra Engineering (-0.50%): Stock remained unchanged despite the company emerging as the lowest bidder for an NHAI project worth ₹1,582 crore, boosting order book visibility.
IRFC (-4.46%): Shares fall as the Government of India plans to sell up to 2% stake via OFS (with an additional 2% option) at a floor price of ₹104 per share, creating supply pressure.
Rail Vikas Nigam (-1.26%): Shares decline despite the company receiving a ₹270.22 crore order from Central Railway for traction substation and related infrastructure.

Metal | Nifty Metal (+2.70%): Index rallies sharply; Vedanta, SAIL, Nalco, and Lloyds Metals surge up to 5%, driven by strong commodity prices and buying momentum.
Auto | Nifty Auto (+2.00%): Index gains on strong buying; led by M&M, Hero MotoCorp, and Bajaj Auto on growth optimism and demand recovery.
PSU Bank | Nifty PSU Bank (-0.39%): Index slips 350 pts from day’s high amid profit booking; 7 stocks advanced while 5 declined, with key resistance at 61,400–61,500 and support near 60,800.
Infra | Nifty Infra (-0.30%): Index declines for the second consecutive session; 19 stocks advanced while 11 declined, indicating mixed sentiment with a negative bias

Technical Level: Nifty opened with a gap-up and extended early gains, moving upward to test resistance near 25,650. However, selling pressure emerged at higher levels, leading to a reversal. The index gradually moved lower throughout the session and eventually closed near the support zone of 25,430, indicating profit booking at higher levels.
Advance-Decline Ratio: Market breadth remained positive, with 1,661 advances against 1,539 declines, indicating broader market strength.
The Big Picture: The US imposed preliminary tariffs of up to 126% on Indian solar imports citing unfair subsidies, which may restrict exports and impact domestic manufacturers’ growth. However, the impact could be limited as many companies use imported solar cells for module assembly, reducing direct exposure to these duties.
FII/DII Activity (Feb 24, 2026): DII remained net buyers at ₹3,161 crore, while FII turned net sellers worth ₹102 crore, indicating mixed institutional activity.

Macro: Euro Economic Sentiment (Feb) & USA Initial Jobless Claims (Feb/21) are scheduled to be released Tomorrow.
Index Watch: Nifty traded in a range for two consecutive sessions and sustained above the 25,400 level, indicating underlying strength. A move above 25,650 may trigger fresh upside momentum, while failure to hold 25,400 could lead to consolidation or mild downside pressure in the near term.

Theme: Stock Market Basics (Understand - Analyze - Act)

Timing doesn’t mean predicting the market perfectly.

Think of shopping during a sale
You don’t buy when prices are at peak - you wait for a reasonable price.

In stocks:

But don’t wait forever for the “perfect price” - it rarely comes.

Practical approach:
Use SIP-style investing in stocks (buy in parts). This reduces risk and improves average price.

Word Of The Day

Inexorability: In finance, inexorability describes the unstoppable force of compounding—where disciplined capital allocation, reinvestment, and time combine to produce mathematically inevitable wealth accumulation despite short-term volatility and market noise.

👀 Stay tuned. Stay diversified.

Until next time,

Team Pocketful.

Pocketful Paper