Top Gainers and Losers on May 14: NLC India, Cipla, Bharti Airtel, Vedanta, MCX, BSE, Berger Paints Among Top Gain Movers

Indian Equities Make Strong Comeback on Thursday

Indian equities staged a strong comeback in Thursday's trade, May 14, with the benchmark indices settling over 1% higher. The rally was led by strong buying in pharma and metal stocks, which brought much-needed optimism back to Dalal Street.

The Indian rupee, however, slipped to another record low of 95.9 against the US dollar during the session. Despite this, both the Nifty 50 and the Sensex ended the session with gains of over 1%. The broader market, however, closed on a mixed note, with the Nifty Midcap 100 index surging 1.10%, while the Nifty Smallcap 100 index ended marginally lower with a 0.08% decline.

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Among sectors, the Nifty Pharma index emerged as the top performer, surging 2.73%, while the Nifty Metal index gained 2%. Other sectors, including Nifty PSU Bank, Nifty Chemicals, and Nifty Consumer Durables, also advanced over 1%. On the flip side, Nifty IT was the sole laggard, declining nearly 2%.

Meanwhile, geopolitical tensions remain elevated as prospects of a peace deal in West Asia weakened after US President Donald Trump termed Iran's conditions as unacceptable. Investors are also closely monitoring the upcoming meeting between Trump and Chinese President Xi Jinping for further cues on global trade and economic policy.