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Indices pare some gains in late morning deals
May-21-2026

Domestic equity indices pared some of their gains but continued trading in the green in late-morning deals, supported by buying in Interglobe Aviation, Bharat Electronics, Adani Ports, Larsen & Toubro and Tata Steel companies’ stocks. The sentiments were also supported by Indian rupee appreciating 56 paise to 96.30 against the dollar at the Interbank Foreign Exchange. This came after the Reserve Bank of Inda’s (RBI) announcement to inject liquidity into the banking system. The RBI will conduct a $5 billion USD-INR buy-sell swap auction on May 26, 2026. However, some cautiousness prevailed in the markets after crude oil prices edged up in international markets, paring some previous session's losses as investors monitored peace talks between the U.S. and Iran. U.S. President Donald Trump said negotiations with Iran were in the final stages, but also threatened further attacks if Tehran did not agree to a peace deal.

On the global front, Asian markets were trading mixed following positive cues from the US markets overnight. Back home, in the stock specific development, Apollo Hospitals Enterprise surged as the company, on consolidated basis, has reported 35.86% rise in its net profit at Rs 529.30 crore for Q4FY26 as compared to Rs 389.60 crore for the same quarter in the previous year. 

The BSE Sensex is currently trading at 75395.07, up by 76.68 points or 0.10% after trading in a range of 75166.61 and 75945.79. There were 16 stocks advancing against 14 stocks declining on the index.

The top gaining sectoral indices on the BSE were Telecom up by 1.55%, Capital Goods up by 1.27%, Industrials up by 1.25%, Power up by 0.99% and Basic Materials up by 0.91%, while IT down by 0.26%, FMCG down by 0.26%, Consumer Durables down by 0.08% and TECK down by 0.03% were the top losing indices on BSE.

The top gainers on the Sensex were Interglobe Aviation up by 3.51%, Bharat Electronics up by 1.66%, Adani Ports up by 0.90%, Larsen & Toubro up by 0.87% and Tata Steel up by 0.80%. On the flip side, Bajaj Finance down by 1.76%, Hindustan Unilever down by 0.95%, Infosys down by 0.94%, Bajaj Finserv down by 0.85% and Mahindra & Mahindra down by 0.62% were the top losers.

Meanwhile, the Ministry of Commerce & Industry in its latest data has showed that eight key infrastructure sectors’ output growth rose to a two-month high of 1.7 per cent in April 2026, supported by higher output of steel, cement and electricity. The eight core sectors had recorded a growth of 1 per cent in the same month last year, while the expansion rate stood at 1.2 per cent in March 2026.  

Steel production having 17.92% weight increased by 6.2 per cent in April, 2026 over April, 2025 and its cumulative index increased by 9.5 per cent during April to March, 2025-26 over corresponding period of the previous year. Electricity generation having 19.85% weight increased by 4.1 per cent in April, 2026 over April, 2025 and its cumulative index increased by 1.0 per cent during April to March, 2025-26 over corresponding period of the previous year. Cement production having 5.37% weight increased by 9.4 per cent in April, 2026 over April, 2025 and its cumulative index increased by 8.7 per cent during April to March, 2025-26 over corresponding period of the previous year.

Coal production having 10.33% weight decreased by 8.7 per cent in April, 2026 over April, 2025 and its cumulative index declined by 0.5 per cent during April to March, 2025-26 over corresponding period of the previous year. Crude Oil production having 8.98% weight declined by 3.9 per cent in April, 2026 over April, 2025 and its cumulative index declined by 2.8 per cent during April to March, 2025-26 over corresponding period of the previous year. Fertilizer production having 2.63% weight declined by 8.6 per cent in April, 2026 over April, 2025 and its cumulative index declined by 0.1 per cent during April to March, 2025-26 over corresponding period of the previous year.

Natural Gas production having 6.88% weight declined by 4.3 per cent in April, 2026 over April, 202 and its cumulative index declined by 2.8 per cent during April to March, 2025-26 over corresponding period of the previous year. Petroleum Refinery production having 28.04% weight declined by 0.5 per cent in April, 2026 over April, 2025 and its cumulative index declined by 0.1 per cent during April to March, 2025-26 over corresponding period of the previous year. 

The CNX Nifty is currently trading at 23713.60, up by 54.60 points or 0.23% after trading in a range of 23639.90 and 23859.90. There were 31 stocks advancing against 19 stocks declining on the index.

The top gainers on Nifty were Grasim Industries up by 4.51%, Interglobe Aviation up by 3.62%, Apollo Hospital up by 2.17%, Max Healthcare up by 2.11% and Bharat Electronics up by 1.83%. On the flip side, Bajaj Finance down by 1.57%, Nestle down by 1.01%, Hindustan Unilever down by 0.87%, Bajaj Finserv down by 0.79% and Tata Consumer down by 0.74% were the top losers.

Asian markets were trading mixed; Jakarta Composite plunged 174.14 points or 2.83% to 6,144.36, Shanghai Composite weakened 14.82 points or 0.36% to 4,147.36, Hang Seng declined 137.12 points or 0.53% to 25,514.00 and Straits Times fell 3.09 points or 0.06% to 5,041.82. However, Nikkei 225 surged 1972.59 points or 3.19% to 61,777.00, Taiwan Weighted added 1347.39 points or 3.26% to 41,368.21 and KOSPI increased 594.00 points or 7.61% to 7,802.95. 
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