NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%
NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%

Market Benchmarks Trade with Modest Gains Amid Mixed Global Cues

On Friday, 15 May, the Indian stock market benchmarks, the Sensex and the Nifty 50, traded with modest gains, bucking the trend of mixed global cues. The Sensex rose by more than 450 points, while the Nifty 50 reclaimed 23,800 during the session.

The market's response to the recent Q4 results has been significant, with double-digit price rises in some cases and double-digit price crashes in others. This reflects the gap between market expectations and actual results. The IT sector continues to face weakness, while pharmaceuticals stocks exhibit sustained strength, reflecting the market's perception of these sectors in the present challenging environment.

The most traded stocks on the NSE included Vodafone Idea, Bharat Coking Coal, Tata Silver Exchange Traded Fund, Tata Gold Exchange Traded Fund, Saregama India, YES Bank, Adani Power, Nazara Technologies, and Nippon India Silver ETF. Other notable stocks included HCC, Tata Motors Passenger Vehicles, Suzlon Energy, Vedanta, GTL Infrastructure, Nippon India ETF Gold Bees, Auri Grow India, Ola Electric Mobility, HFCL, Canara Bank, and IDFC First Bank.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

StockPrice Rise/Decline52-Week HighVolume (Shares)
Vodafone Idea3%₹13.3366 crore
Bharat Coking Coal13%N/A13 crore
Adani Power-5%N/A4 crore
Nazara Technologies18%N/A4 crore

Vodafone Idea, in particular, saw a significant surge, with more than 66 crore shares changing hands as the stock rose 3% to hit a 52-week high of ₹13.33. The stock has surged 28% so far in May after a 20% rally in April. Vodafone Idea's board will meet on 16 May to evaluate proposals for raising funds through the issuance of equity shares and/or warrants on a preferential basis, along with its fourth quarter and full-year FY26 financial results.

Bharat Coking Coal also saw a significant surge, with over 13 crore shares changing hands while the stock surged 13% in intraday trade, looking set to extend gains for the fourth consecutive session. The stock has surged 20% this week after suffering losses for the last three consecutive weeks.

Adani Power, on the other hand, declined 5% in intraday trade on the NSE, with more than 4 crore shares changing hands. On 14 May, Adani Power said it had got CCI nod to acquire GVK Energy.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

Nazara Technologies reported a net profit of ₹46.96 crore for Q4FY26 against ₹15.86 crore YoY. Revenue from operations for the quarter stood at ₹397.78 crore against ₹520.20 crore YoY. The stock surged 18% in intraday trade, with over 4 crore shares changing hands.

Investor Takeaway

Investors should be cautious of IT stocks and consider pharmaceuticals stocks for potential gains.

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