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%

Indian Stock Market Witnesses Decent Buying Interest Amid Global Cues

The Indian stock market experienced a surge in buying interest during the morning session on Thursday, May 21, driven by positive global cues amid hopes of a potential US-Iran deal. Despite elevated crude oil prices, rising bond yields, and concerns over a possible flare-up in inflation, investor sentiment remained cautious.

Key Benchmarks Rise, but Pared Gains

The Sensex and Nifty 50 benchmarks rose by almost 1% during the morning session but pared gains and traded higher by about 0.30% around 12 pm. This cautious approach by investors indicates a wait-and-watch attitude in the market, awaiting further developments on the global front.

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

Most Traded Stocks on the NSE

Some of the most traded stocks on the NSE on Thursday include Vodafone Idea, IRB Infrastructure Developers, Jaiprakash Power Ventures (JP Power), Sammaan Capital, Ola Electric Mobility, Samvardhana Motherson International, Apollo Micro Systems, Tata Silver Exchange Traded Fund, Tata Gold Exchange Traded Fund, YES Bank, and Lenskart Solutions. Suzlon Energy, HFCL, Adani Power, Reliance Power, Jay Bharat Maruti, GTL Infrastructure, PC Jeweller, Billionbrains Garage Ventures (Groww), and Fineotex Chemical were also among the most traded stocks on the NSE.

StockVolume (Shares)Percentage Change
Vodafone Idea>50 crore2%
IRB Infra>21 crore13%
JP Power>13 crore6%
Sammaan Capital>10 crore12%

Vodafone Idea Hits 52-Week High

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

Vodafone Idea witnessed significant trading activity, with more than 50 crore shares changing hands as the stock hit a 52-week high of ₹13.88. The stock has jumped 34% so far in May after a 20% rise in April. The telecom company posted a consolidated net profit of ₹51,970 crore in Q4FY26 for the first time in about six years, mainly due to relief in statutory liabilities. Vodafone Idea plans to generate and secure over ₹1.08 lakh crore in cash over the next three years.

IRB Infra and JP Power See Significant Gains

IRB Infra reported a 38% YoY rise in its March quarter net profit to ₹296 crore, despite a 10.34% YoY decline in revenue to ₹1,927 crore. The company's stock jumped over 13% during the session, with more than 21 crore shares changing hands. JP Power, on the other hand, saw its stock surge nearly 6% during the session, with over 13 crore shares changing hands, after Adani Power announced its intention to acquire a 24% stake in the company.

Investor Takeaway

Investors should remain cautious due to elevated crude oil prices and concerns over inflation.

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