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 Market Rises Amid Rupee Appreciation

The Indian market benchmarks, the Sensex and the Nifty 50, experienced a significant surge on Friday, 22 May, with both indices rising by more than half a percent each in intraday trade. This increase can be attributed to the appreciation of the Indian rupee, which rose above the 96-per-dollar mark in intraday trade on Friday. However, the gains were capped by elevated crude oil prices, persistent uncertainty surrounding a potential US-Iran peace deal, and concerns about interest rate hikes amid rising inflation concerns.

The Nifty 50 was up by 0.48% at 23,769, while the Sensex was 0.55% up at 75,595 around 12:35 pm.

Most Traded Stocks on the NSE

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

The following stocks were among the most traded on the National Stock Exchange (NSE) on Friday, in terms of volume:

StockVolume (Shares)
Vodafone Idea32 crore
JSW Cement8 crore
Ola Electric Mobility5 crore
Central Bank of India6 crore
Tata Silver Exchange Traded Fund
Tata Gold Exchange Traded Fund
Jaiprakash Power Ventures (JP Power)
YES Bank
Honasa Consumer
IRB Infrastructure Developers

Vodafone Idea was the most traded stock, with more than 32 crore shares changing hands as the stock rose by nearly 1% during the session. The stock has gained 34% so far in May after a 20% jump in April. Vodafone Idea recently announced a power purchase agreement and a share purchase agreement for the acquisition of 26% paid-up equity share capital of MTK Quantum Green Energy Pvt. Ltd.

JSW Cement was another notable gainer, with over 8 crore shares changing hands as the stock surged 12% during the session. The company's Q4 consolidated profit rose to ₹361.7 crore from ₹16.21 crore YoY.

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

Central Bank of India, on the other hand, saw more than 6 crore shares changing hands as the stock dropped more than 6% during the session. The government has begun its stake sale process through an offer for sale (OFS).

Ola Electric Mobility reported a consolidated net loss of ₹500 crore for the March quarter, narrowing 42.5% from ₹870 crore in the corresponding quarter last year. Despite this, the stock climbed more than 2% during the session, with over 5 crore shares changing hands.

Investor Takeaway

Market benchmarks rose due to a rise in the Indian rupee, but gains were capped by elevated crude oil prices and interest rate hike concerns.

IPOScanner Logo

IPOScanner helps investors track upcoming, live and past IPOs in one place with GMP, subscription, allotment status and listing performance insights.

About IPO Scanner

IPOScanner is built for investors who want a clear view of every IPO opportunity in one place. From upcoming issues to live subscription data, allotment updates and listing performance, we bring together the key details you need to track the primary market.

Our tools are designed to be simple, fast and investor-friendly so you can focus on evaluating businesses instead of opening multiple tabs and websites for basic information.

Details of client bank account
For any query / feedback / clarifications, email at
[email protected].

Please read all offer documents and risk disclosures carefully before investing. IPOScanner does not provide investment advice and information on this site should not be treated as a recommendation to apply for any IPO.

© 2026 IPO Scanner. All rights reserved.