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Key gauges remain in green in morning deals
May-21-2026

Indian equity benchmarks continued to trade in green in morning deals, helped by easing oil prices and a sharp rally in global markets amid hopes that the West Asia conflict would end soon. Traders took support with the government data showed that production growth in eight core infrastructure sectors rose to a two-month high of 1.7% in April, driven by higher output of steel, cement and electricity. Some support also came with the report stated that India and Italy have upgraded their ties to a special strategic partnership, firmed up a defence industrial roadmap, and vowed to expand annual trade to 20 billion euro by 2029, as Prime Ministers Narendra Modi and Giorgia Meloni held wide-ranging talks to enhance bilateral relations in the face of increasing geopolitical upheavals. On the global front, Asian markets are trading mostly in green following the broadly positive cues from Wall Street overnight, amid renewed optimism about a potential peace deal between the US and Iran after US President Trump said the US was in the final stages of negotiations with Iran.

The BSE Sensex is currently trading at 75628.44, up by 310.05 points or 0.41% after trading in a range of 75475.92 and 75945.79. There were 21 stocks advancing against 9 stocks declining on the index.

The top gaining sectoral indices on the BSE were Telecom up by 1.59%, Capital Goods up by 1.53%, Industrials up by 1.52%, Power up by 1.29% and Realty up by 1.25%, while IT down by 0.09% was the lone losing index on BSE.

The top gainers on the Sensex were Interglobe Aviation up by 3.32%, Bharat Electronics up by 2.31%, Tata Steel up by 1.16%, Larsen & Toubro up by 1.11% and Power Grid Corporation up by 0.95%. On the flip side, Bajaj Finance down by 0.70%, Infosys down by 0.61%, Titan Company down by 0.44%, Sun Pharma down by 0.34% and Tech Mahindra down by 0.29% were the top losers.

Meanwhile, in order to boost long-term liquidity in the banking system, the Reserve Bank of Inda (RBI) will conduct a $5 billion USD-INR buy-sell swap auction on May 26, 2026.  The auction also comes at a time when the rupee has significantly depreciated against the American currency amid ongoing global uncertainties.

The RBI said ‘On a review of current and evolving liquidity conditions, it has been decided to conduct a USD/INR Buy/Sell swap auction of $5 billion for a tenor of three years.’ The swap is in the nature of a simple buy/sell foreign exchange swap from the Reserve Bank side. It stated a bank will sell US dollars to the Reserve Bank and simultaneously agree to buy the same amount of US dollars at the end of the swap period.

Further, it noted that the market participants would be required to place their bids in terms of the premium payable to the Reserve Bank for the swap tenor, expressed in paisa terms up to two decimal places. The auction cut-off will be based on the premium. The auction would be a multiple price-based auction -- successful bids will get accepted at their respective quoted premium. Under this auction, the minimum bid size will be $10 million and in multiples of $1 million thereafter.

The CNX Nifty is currently trading at 23780.00, up by 121.00 points or 0.51% after trading in a range of 23728.05 and 23859.90. There were 36 stocks advancing against 14 stocks declining on the index.

The top gainers on Nifty were Grasim Industries up by 4.61%, Interglobe Aviation up by 3.30%, Apollo Hospital Ent. up by 2.22%, Bharat Electronics up by 2.12% and Hindalco up by 1.84%. On the flip side, Bajaj Finance down by 0.74%, Nestle down by 0.51%, Tata Consumer Product down by 0.49%, Reliance Industries down by 0.48% and Titan Company down by 0.45% were the top losers.

Asian markets are trading mostly in green; Nikkei 225 surged 2201.59 points or 3.68% to 62,006.00, Taiwan Weighted added 1549.58 points or 3.87% to 41,570.40, Shanghai Composite strengthened 5.93 points or 0.14% to 4,168.11, KOSPI increased 581.74 points or 8.07% to 7,790.69, Hang Seng advanced 32.88 points or 0.13% to 25,684.00 and Straits Times rose 14.46 points or 0.29% to 5,059.37.

On the flip side, Jakarta Composite plunged 174.1 points or 2.76% to 6,144.40. 
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