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Indices maintain gains in late-morning deals
May-22-2026

Domestic equity indices maintained their gains in late morning deals, led by buying in stocks of Asian Paints, Trent, Axis Bank, ICICI Bank, and HDFC Bank. Positive signals from global markets supported domestic market sentiment. The sentiments were further supported by Indian rupee appreciating 44 paise to 95.92 against the dollar at the Interbank Foreign Exchange. Besides, there was encouragement in markets as US Ambassador Sergio Gor said that the US is looking forward to sealing the proposed bilateral trade agreement with India that will facilitate expanding market access, reduce barriers, and create greater certainty for businesses. On the BSE sectoral front, traders were seen piling up positions in Consumer Durables, Telecom, Bankex, Consumer Disc and IT, while selling was witnessed in Healthcare, Realty, Oil & Gas, Energy and FMCG. 

On the global front, Asian markets were trading higher as investors assessed U.S.-Iran diplomatic efforts at reaching a peace deal in the Middle East. Back home, in the stock specific development, Transformers and Rectifiers (India) rose as the company secured order worth Rs 228.26 crore from Gujarat Energy Transmission Corporation.

The BSE Sensex is currently trading at 75559.53, up by 376.17 points or 0.50% after trading in a range of 75230.75 and 75723.31. There were 21 stocks advancing against 9 stocks declining on the index.

The top gaining sectoral indices on the BSE were Consumer Durables up by 1.05%, Telecom up by 0.98%, Bankex up by 0.96%, Consumer Disc up by 0.34% and IT up by 0.33%, while Healthcare down by 0.74%, Realty down by 0.39%, Oil & Gas down by 0.17%, Energy down by 0.10% and FMCG down by 0.10% were the top losing indices on BSE.

The top gainers on the Sensex were Asian Paints up by 2.28%, Trent up by 1.94%, Axis Bank up by 1.67%, ICICI Bank up by 1.41% and HDFC Bank up by 1.24%. On the flip side, Power Grid down by 1.45%, Sun Pharma down by 1.39%, ITC down by 1.31%, Bharat Electronics down by 0.65% and Bharti Airtel down by 0.53% were the top losers.

Meanwhile, Commerce and Industry Minister Piyush Goyal has said that India and the United States (US) are working as natural partners and complement each other across sectors including technology innovation, high precision defence, digital data centres, quantum computing and medical devices. He said the partnership between the two countries is strengthened by mutual trust and shared economic interests. 

The minister noted that investment commitments from American companies in the last six months are estimated to be upwards of $60 billion, including major data centre investments by firms such as Amazon and Google. He said India provides a trusted framework for global companies and combines scale, talent and market opportunity in a manner unmatched globally. He said that US is looking for a trusted partner and India has consistently demonstrated respect for intellectual property rights while delivering high-quality output on time. 

He further said India offers a large pool of skilled talent and provides scale to American innovation through demand aggregation from 1.4 billion aspirational Indians, rising incomes and a growing middle class. He noted that both countries are working together on new technologies such as AI, quantum computing and machine learning. He added that India has successfully finalized the framework for an interim phase-one bilateral trade agreement (BTA) with the US and this landmark pact gives Indian exporters preferential tariff access to the nearly $30 trillion US market.  

The CNX Nifty is currently trading at 23758.90, up by 104.20 points or 0.44% after trading in a range of 23671.00 and 23800.15. There were 35 stocks advancing against 15 stocks declining on the index.

The top gainers on Nifty were Wipro up by 2.21%, Asian Paints up by 2.17%, Shriram Finance up by 1.86%, JIO Financial up by 1.82% and Axis Bank up by 1.76%. On the flip side, Max Healthcare Inst down by 5.24%, Power Grid down by 1.44%, Sun Pharma down by 1.43%, ONGC down by 1.32% and ITC down by 1.17% were the top losers.

All Asian markets were trading higher; Nikkei 225 surged 1540.86 points or 2.5% to 63,225.00, Taiwan Weighted added 899.76 points or 2.13% to 42,267.97, Jakarta Composite gained 18.5 points or 0.3% to 6,113.44, Shanghai Composite strengthened 34.01 points or 0.83% to 4,111.29, KOSPI increased 37.59 points or 0.48% to 7,853.18, Hang Seng advanced 291.48 points or 1.15% to 25,678.00 and Straits Times rose 20.21 points or 0.4% to 5,065.92.
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