Key Events This Week
16 Feb: Stock opens strong at Rs.5,889.15 (+1.66%)
19 Feb: Surge in open interest amid price weakness
20 Feb: Intraday high of Rs.5,990.7 with robust call option activity
20 Feb: Mojo Grade upgraded to Hold; heavy trading volume
16 February 2026: Strong Weekly Start with 1.66% Gain
ABB India Ltd began the week on a positive note, closing at Rs.5,889.15, up 1.66% from the previous Friday’s close of Rs.5,793.00. This outpaced the Sensex’s 0.70% gain to 36,787.89, signalling early bullish momentum. The volume of 11,094 shares indicated steady investor interest, setting a constructive tone for the week ahead.
17-18 February: Mixed Price Movements Amid Steady Market Conditions
The stock experienced a mild pullback on 17 February, declining 0.92% to Rs.5,835.20 despite the Sensex advancing 0.32%. This slight underperformance was reversed on 18 February, with ABB India Ltd rebounding 0.79% to Rs.5,881.35, again outpacing the Sensex’s 0.43% gain. Trading volumes were relatively subdued, particularly on 18 February with only 3,511 shares, suggesting cautious investor positioning ahead of key events later in the week.
19 February: Significant Open Interest Surge Amid Price Weakness
On 19 February, ABB India Ltd’s derivatives market activity intensified sharply, with open interest rising 10.56% to 44,668 contracts. This surge accompanied a 2.82% decline in the stock price to Rs.5,715.65, contrasting with the Sensex’s 1.45% drop. The increase in open interest despite price weakness suggests fresh positions were being established, possibly reflecting accumulation or hedging strategies by informed participants.
Delivery volumes rose 22.64% over the five-day average, indicating increased investor participation in the cash segment despite the price dip. The stock’s futures and options notional values were substantial, highlighting active speculative and hedging interest. This day’s activity underscored a complex market sentiment, blending short-term caution with longer-term confidence.
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20 February: Strong Intraday Rally and Elevated Derivatives Activity
ABB India Ltd rebounded impressively on 20 February, surging 4.72% to close at Rs.5,985.35 and touching an intraday high of Rs.5,990.7. This gain significantly outperformed the Sensex’s 0.41% rise and the Electric Equipment sector’s 2.05% advance. The stock’s intraday volatility was elevated at 69.97%, reflecting active trading and dynamic price swings.
Trading volume exploded to 272,527 shares, with a traded value of ₹382.02 crores, making ABB one of the most actively traded stocks by value on the day. This surge was supported by a notable upgrade in its MarketsMOJO Mojo Grade from Sell to Hold, with a current Mojo Score of 50.0, reflecting improving fundamentals and market sentiment.
Call option activity surged ahead of the 24 February expiry, with the ₹6,000 strike seeing 16,591 contracts traded and open interest at 2,316 contracts. Put options also saw heavy activity, particularly at the ₹5,900 strike, indicating a mix of bullish positioning and protective hedging. The stock’s technical positioning remained strong, trading above all key moving averages, signalling sustained upward momentum.
Daily Price Comparison: ABB India Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-16 | Rs.5,889.15 | +1.66% | 36,787.89 | +0.70% |
| 2026-02-17 | Rs.5,835.20 | -0.92% | 36,904.38 | +0.32% |
| 2026-02-18 | Rs.5,881.35 | +0.79% | 37,062.35 | +0.43% |
| 2026-02-19 | Rs.5,715.65 | -2.82% | 36,523.88 | -1.45% |
| 2026-02-20 | Rs.5,985.35 | +4.72% | 36,674.32 | +0.41% |
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Key Takeaways from the Week
Positive Signals: ABB India Ltd demonstrated strong resilience and momentum, closing the week with a 3.32% gain versus the Sensex’s 0.39%. The significant surge in derivatives open interest and call option volumes ahead of expiry indicates bullish market positioning. The upgrade in Mojo Grade to Hold reflects improving fundamentals and market sentiment. The stock’s technical strength is underscored by its position above all major moving averages and robust intraday volatility supporting active trading.
Cautionary Notes: Despite the price gains, the sharp decline in delivery volumes on 19 February (-40.03%) suggests moderating long-term investor participation. The heavy put option activity near the ₹5,900 strike signals protective hedging or cautious bearish bets amid the rally. Technical momentum shows mixed signals, with a shift to mildly bearish short-term trends and divergent MACD readings across weekly and monthly timeframes, warranting careful monitoring of price action.
Conclusion: A Week of Dynamic Positioning and Mixed Signals
ABB India Ltd’s week was characterised by active repositioning in both cash and derivatives markets, reflecting a nuanced investor outlook. The stock’s 3.32% weekly gain and outperformance against the Sensex highlight its underlying strength and sector leadership. Elevated open interest and option activity suggest anticipation of further volatility and potential directional moves as expiry approaches.
While the upgrade to a Hold rating and strong technical positioning provide a constructive backdrop, the decline in delivery volumes and mixed technical momentum advise a balanced approach. Investors and traders should remain vigilant to evolving open interest trends, price volatility, and sector developments to navigate the stock’s trajectory effectively in the near term.
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