Stock Market Live Updates Today: BSE Sensex ends over 1,000 points up, near 76,500; Nifty50 closes above 24,000 mark; oil prices plunge 5% to two-week lows

"Rupee traded strongly positive near 95.22, gaining around 0.45%, as improving sentiment around the US–Iran conflict supported risk assets and eased pressure on crude oil prices. Reports suggesting progress towards a possible peace framework and reopening of the Strait of Hormuz helped strengthen the rupee and other emerging market currencies.

However, uncertainty still remains elevated after US President Donald Trump stated that the Hormuz blockade would continue until a final agreement is formally signed, keeping markets cautious despite positive negotiations.

The rupee recovery is also being aided by softer crude prices and improving sentiment in global markets, though movement ahead will continue to depend heavily on final developments in US–Iran negotiations and energy market stability,” says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

1. Infosys: Current Price 1,169 | Price Change -6.00 (-) | -0.52% (-)
2. TCS: Current Price 2,308 | Price Change -9.11 (-) | -0.40% (-)
3. HUL: Current Price 2,197 | Price Change -7.10 (-) | -0.33% (-)
4. Sun Pharma: Current Price 1,841 | Price Change -4.00 (-) | -0.22% (-)
5. Kwality Wall's: Current Price 26.33 | Price Change -0.06 (-) | -0.19% (-)

1. Bajaj Finance: Current Price 941.90 | Price Change 25.40 (+) | 2.77% (+)
2. L&T: Current Price 4,033 | Price Change 107.00 (+) | 2.72% (+)
3. HDFC Bank: Current Price 786.85 | Price Change 20.10 (+) | 2.62% (+)
4. Eternal: Current Price 247.67 | Price Change 5.72 (+) | 2.37% (+)
5. Bajaj Finserv: Current Price 1,807 | Price Change 41.40 (+) | 2.35% (+)
6. Kotak Bank: Current Price 392.85 | Price Change 8.71 (+) | 2.27% (+)
7. ICICI Bank: Current Price 1,292 | Price Change 27.50 (+) | 2.18% (+)
8. SBI: Current Price 969.60 | Price Change 20.40 (+) | 2.15% (+)
9. Axis Bank: Current Price 1,311 | Price Change 25.80 (+) | 2.01% (+)
10. Titan Company: Current Price 4,159 | Price Change 79.40 (+) | 1.95% (+)

"Markets witnessed strong positive momentum, driven by a correction in crude oil prices amid rising expectations of a potential US–Iran deal. Global sentiment improved on reports of progress towards reopening the Strait of Hormuz, although credibility remains uncertain given frequent shifts in developments. The rally was led by large caps, supported by relatively attractive valuations versus long-term averages. On the sectoral front, financials outperformed on the back of strong Q4 earnings, while autos remained constructive.

Realty also saw renewed interest following its recent sharp correction. On the macro front, global yields softened modestly, while rupee depreciation appears to have stabilised, aided by RBI commentary highlighting that the INR is undervalued, though it is early to confirm a sustained trend. Sustainability of this momentum will depend on a credible de-escalation in geopolitical tensions and continued stability in crude oil prices,” says Vinod Nair, Head of Research, Geojit Investments Limited.

Stock market today: Nifty50 and BSE Sensex surged in trade on Monday as global crude oil prices dropped on hopes of US-Iran conflict resolution. Nifty50 closed the day at 24,031.70, up 312 points or 1.32%. BSE Sensex went above 76,500 intraday, ending 1,074 points up - a rise of 1.42%.

Stock market today: Nifty50 and BSE Sensex have rallied strongly in trade on Monday. At 3:11 PM, Nifty50 was trading at 24,030.55, up 311 points or 1.31%. BSE Sensex was at 76,479.49, up 1,064 points or 1.41%.

Shares of JSW Cement declined nearly 2% on Monday, ending a two-session rally during which the stock had surged more than 14% after the company announced its January-March quarter earnings for FY26.

Despite positive sentiment in the broader market during early trade, the cement company’s stock slipped to Rs 135.76 per share. Even after the decline, the stock remains up more than 10% over the past week and has gained around 13% so far this year.

On Thursday, JSW Cement reported a consolidated net profit of Rs 362 crore for the fourth quarter of FY26, registering a sharp year-on-year increase of 2,162% compared with a net profit of Rs 16 crore in the corresponding quarter of the previous financial year. The steep rise in profit was largely attributed to the lower base in the year-ago period, which had been impacted by a one-time non-cash exceptional expense.

The company’s consolidated revenue from operations increased 11% year-on-year to Rs 1,895 crore during the quarter under review, compared with Rs 1,709 crore in the same quarter last year.

Alongside its quarterly earnings, the company also announced a dividend of Rs 0.5 per equity share with a face value of Rs 10 each for the financial year ended March 31, 2026, subject to approval from shareholders.

The frontline indices began the week on a positive note but went into a sideways consolidation range.

Coming to Nifty, the zone of 23850-23870 will act as a crucial support for the index while the resistance lies in the zone of 24100-24120.

On the downside, if the index slips below the level of 23850 then the next support is placed in the zone of 23600-23500.

In an event of a surge above 24120, the index can experience an extension of the rally towards 24320.

On the options front, meaningful call writing witnessed across 24000 & 24100 strikes. On the put side, 23900 has a substantial open interest, followed by 23800 strike.

Nifty's Advance Decline Ratio is at 43:7.

Speaking of Sensex levels, support is at 75,900 while resistance is at 76,700.

Shares of Apollo Micro Systems jumped as much as 13% on Monday to touch an intraday high of Rs 400 on the BSE, continuing their strong upward momentum. The multibagger stock has climbed 33% so far in May and has ended higher in five out of the last six trading sessions.

The rally followed the company’s strong financial performance for the fourth quarter of FY26. Apollo Micro Systems posted a sharp 163% year-on-year rise in consolidated net profit for the March quarter at Rs 36.8 crore, compared with Rs 14 crore reported in the corresponding quarter last year. Revenue from operations also recorded robust growth, increasing 81% to Rs 293.3 crore from Rs 161.8 crore a year earlier.

For the full financial year FY26, the company reported solid expansion across key financial metrics. Consolidated profit increased 90% year-on-year to Rs 107.4 crore, up from Rs 56.4 crore in FY25. Revenue from operations also surged 61% to Rs 904.3 crore, compared with Rs 562.1 crore in the previous financial year, according to a regulatory filing.

BSE Sensex was trading at 76,290.21, up 874.86 points or 1.16% while NSE Nifty50 surged to 23,964.35, up 245.05 points or 1.03%, as of 10:30 am.

Successive days of close not far from 23700 in the last seven days, suggest that the odds of a range breakout are high. Two consecutive days of close above 10 day SMA encourages us to step into the new week with positivity despite seeing rejection trades through last week on every attempt to push higher. Prospects of moving into the 23900-24450 band depends on the ability to float above 23600. Inability to do so may not trigger a vertical collapse, but major support is seen far, at 22800, says Anand James, Chief Market Strategist, Geojit Investments Limited.

"Positive global market sentiment, strength across major Asian markets, and easing concerns around global geopolitical tensions have improved overall risk appetite among investors, which may continue to support bullish momentum in the near term.

Nifty ended on a mildly positive note on 22nd May 2026, closing at 23,719.30, up 64.60 points or 0.27%. The index touched an intraday high of 23,835.65 before witnessing some profit booking in the latter half of the session. Technically, the formation of an inverted hammer-like candlestick pattern indicates cautious optimism with selling pressure near higher levels. RSI improved to 47.19, while India VIX remained stable at 17.82. Immediate support is placed around the 23,550–23,600 zone, while resistance is seen near the 23,950–24,000 range.

Bank Nifty ended on a strong positive note on 22nd May 2026, closing at 54,055.35, up 615.95 points or 1.15%, supported by sustained buying in banking stocks. The index rallied to an intraday high of 54,213.05 before settling firmly in positive territory despite intermittent profit booking. Technically, the formation of a bullish candlestick pattern reflects improving sentiment and strengthening recovery momentum. The RSI improved to 45.87, indicating gradual improvement in momentum. Immediate support is placed around the 53,900–54,000 zone, while resistance is seen near the 55,400–55,500 range.

Foreign Institutional Investors (FIIs) turned aggressive sellers on 22nd May 2026 and offloaded equities worth ₹4,440.50 crore, reflecting cautious sentiment among overseas investors. However, Domestic Institutional Investors (DIIs) continued to provide strong support to the market and remained net buyers with equity purchases worth ₹6,003.50 crore, helping cushion the broader market weakness.

The near-term market outlook remains positive, supported by strong global cues, improving risk appetite, and continued domestic institutional support. The sharp rise in Gift Nifty indicates strong opening momentum, though resistance near higher levels may trigger intermittent profit booking. Sustained strength in banking and heavyweight stocks will remain crucial for extending the ongoing recovery trend,” says Hitesh Tailor, Research Analyst, Choice Equity Broking Private Limited.

"We are starting the week on a positive note. Crude has dipped by $5 to below $100 on expectations that US and Iran are close to a deal. The market will wait and watch for clarity and certainty since many similar expectations have been belied since the start of the war. If this expected deal holds and crude drifts down, that can turn out to be turning point for the market.

Another positive trend is the better-than-expected Q4 results. An important trend to note is the impressive growth of most digital platform companies. The market has been rewarding performance.

The appreciation in the rupee from the recent low of 96.96 is a welcome trend. Stability in the currency is necessary to bring back the FPIs who have been on a sustained sell mode. The resilience of the market during this period of crisis is a hugely positive factor. This is a reflection of partly the economy’s strength, and partly the confidence of Indian investors,” says VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.

Stock market today: Nifty50 and BSE Sensex opened in green on Monday on positive global cues as crude oil prices dropped below $100 per barrel. At 9:16 AM, Nifty50 was trading at 23,970.05, up 251 points or 1.06%. BSE Sensex was at 76,250.49, up 835 points or 1.11%.

Apart from concerns over inflation linked to the ongoing conflict, longer-term borrowing costs in the United States are increasingly being influenced by rising “real yields” — yields adjusted for inflation — suggesting that bond investors are worried about factors beyond just the impact of the Iran war on prices.
Market participants are also focusing on other risks, including the possibility of already elevated public debt levels rising further, the after-effects of the artificial intelligence investment boom, and growing expectations that central banks such as the US Federal Reserve may opt to raise interest rates instead of cutting them.

Strategists at ING Bank, Goldman Sachs, and Barclays believe that the recent rise in long-term bond yields may not completely reverse even if inflationary pressures caused by higher oil prices begin to ease.

This could result in borrowing costs remaining elevated near multi-year highs even after the conflict subsides, continuing to put pressure on governments and broader economies.

Jonathan Hill, head of US inflation strategy at Barclays told Bloomberg it is difficult to attribute the global selloff in longer-duration bonds solely to inflation concerns, especially considering how medium- and long-term inflation risks are being priced by markets.

According to him, rising debt levels, the possibility of higher neutral interest rates, and the impact of artificial intelligence-related investment trends could instead be contributing to higher real rates.

The neutral interest rate refers to the level at which monetary policy neither stimulates nor slows economic activity. Although surging oil prices have dominated headlines, measures such as breakeven rates — which reflect bond market inflation expectations — have not increased as sharply as overall yields in the US and UK.

Hill also noted that despite the ongoing conflict, 10-year breakeven inflation rates remain around 50 basis points below the levels seen during the first half of 2022, when the US Federal Reserve was aggressively raising interest rates.

Japan’s Nikkei index surged more than 2.5% by around 0030 GMT on Monday. Markets in Sydney posted modest gains, while exchanges in Hong Kong and Seoul remained shut due to public holidays.

US President Donald Trump sought to lower expectations surrounding a possible agreement to end the conflict, stating in a social media post on Sunday that he had instructed his representatives not to hurry negotiations because “time is on our side.”

The conflict began after the United States and Israel launched attacks on Iran on February 28, following which Iran responded with missile and drone strikes across the region.

Although the United States and Iran have maintained a ceasefire since April 8 as mediators continue efforts toward a negotiated settlement, tensions remain elevated. Tehran has enforced restrictions on shipping activity in the Gulf, while Washington has imposed a blockade on Iranian ports.

Bank Nifty in the weekly chart formed a bullish candlestick pattern with a lower high and a lower low highlighting buying demand at lower levels from near the key support area of 52,400-52,700 levels. Index likely to consolidate in the range of 52,700-54,700. A move above 54,700 will open further upside towards 56,000 levels in the coming week.

From a short-term perspective Index need to start forming higher high and higher low on a sustained basis in the daily chart and move above the recent breakdown area of 54,500-54,700 to signal a reversal of the corrective trend. Key support is placed at 52,700-52,400 levels being the confluence of the lower band of the 8th April gap area and the 61.8% retracement of the previous pullback (49,955-57,456).

Oil prices dropped to their lowest levels in two weeks on Monday amid growing optimism that the United States and Iran were moving closer to a peace agreement, despite continuing disagreements over major issues, including restrictions around the Strait of Hormuz that have continued to disrupt crude supply flows from the Middle East.

Brent crude futures declined by $4.71, or 4.55%, to trade at $98.83 per barrel by 2234 GMT. Meanwhile, US West Texas Intermediate crude fell $4.57, or 4.73%, to $92.03 per barrel.

Both benchmark contracts earlier touched their weakest levels since May 7.

On Saturday, US President Donald Trump said Washington and Iran had “largely negotiated” a memorandum of understanding related to a peace agreement that could eventually reopen the Strait of Hormuz. Before the conflict escalated, the route handled nearly one-fifth of global oil and liquefied natural gas shipments.

However, differences between the two sides continue to persist on several sensitive issues. Trump also said on Sunday that he had instructed his representatives not to rush into finalising any agreement with Iran.

Saul Kavonic said that despite the remaining uncertainties and risks surrounding both the peace deal and the Strait of Hormuz situation, there now appears to be some indication of progress that could offer short-term relief to oil prices.

“FPI selling for May up to 23rd stood at Rs 30374 crores taking the total FPI selling in 2026, so far, to Rs 222343 crores. This is higher than the total sell figure of Rs 166283 crores for 2025.

The important question is: when will the FIIs turn buyers in India. It is important to understand the principal reasons behind this sustained selling. These are:

1. Poor earnings growth in India.
2. ⁠Much better earnings growth and prospects for earnings growth in other markets.
3. ⁠High bond yields, particularly in the US
4. ⁠Continuous rupee depreciation and fears of further depreciation.

These factors, at least some of them should change in India’s favour for the FIIs to turn buyers in India.

Stabilisation of the rupee and improvement in the prospects of earnings growth can bring FIIs back to India.

FII action indicates this. Even while selling largecaps they have been buying in SMIDs where growth and earnings prospects are good. This means earnings is the primary factor.

An important takeaway from Q4 results is that there are indications of earnings recovery,” says V K Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.

Nifty formed a bullish candlestick pattern with small shadows in either direction which remained contained inside previous week price range signaling consolidation amid stock specific action. Going ahead, in the coming week failure to move above the breakdown area of 23,800-23,900, will keep the bias corrective and can lead to testing of the support area of 23,200-23,000. While a move above the breakdown area will signal pause in the downtrend and open upside towards 24,200 & 24,600 levels being the high of April 2026. Volatility is expected to remain high with Key focus on the developments around US–Iran tensions, oil-price trajectories and quarterly corporate earnings.

From a short-term perspective Index need to start forming higher high and higher low on a sustained basis in the daily chart and move above the recent breakdown area of 23,800-23,900 to signal a reversal of the corrective trend. Nifty has key support at 23,200-23,000 being the confluence of the lower band of the 8th April bullish gap area and the 61.8% retracement of the previous pullback (22,182-24,601).