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INR rebounds well from historic lows as oil retreats from elevated levels; geopolitical risk and oil price sensitivity to cap upside
The Indian rupee rebounded 49 paise from its all-time closing low to settle at 96.37 against the US dollar on Thursday after crude oil prices retreated from elevated levels amid signs of easing geopolitical friction, alongside likely central bank intervention. Rupee had gained after the recent geopolitical developments, but investors are still gauging the geopolitical risk and oil price sensitivity in the background. The one-year forward market rate for the rupee touched the crucial 100/USD mark on Wednesday, indicating that currency markets are pricing in a weakening bias for the USD/INR pair over the next 12 months. Meanwhile, The Nifty 50 settled at 23,654.70 (down 4.30 points or 0.02%), while the BSE Sensex closed at 75,183.36 (down 135.03 points or 0.18%). The dollar index rose above 99.2 on Thursday, approaching again April-highs, as markets continued to track developments in the Middle East.
Share Market Today: Nifty 50, Bank Nifty Prediction | May 21, 2026 - Liquide Blog
Share Market Today: Nifty 50, Bank Nifty Prediction | May 21, 2026Liquide Blog
Sensex, Nifty end lower amid weak global cues
The key equity indices ended marginally lower on Thursday as reports of possible RBI intervention to defend the rupee unnerved investors. Reports indicated that the Reserve Bank of India is considering a range of measures to stabilise the currency, including a rate hike, additional currency swaps and raising dollars from overseas investors. Persistent FII selling and profit booking at elevated valuations further weighed on sentiment, while weak global cues added to the pressure. The Nifty slipped below the 23,700 mark, dragged down by steep losses in IT and FMCG stocks.
Quick Wrap: Nifty Realty Index rises 1.05%
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Nifty to trade in 28,000–30,000 range in FY27 led by earnings: Smallcase managers
Smallcase managers remain optimistic on India’s equity markets despite the Nifty declining over 9% this year, projecting the benchmark index to reach the 28,000–30,000 range by the end of FY27. They expect future market gains to be driven by earnings growth rather than valuation expansion, with investors focusing on sustainable profitability and execution
In FY26, private banks' return on equity moderates amid NIM pressure, treasury losses
Private banks saw their profitability dip in FY26. Net interest margins faced pressure as loan rates adjusted faster than deposit rates in a falling interest rate environment. Treasury income also declined. This led to a moderation in return on equity for major lenders like HDFC Bank, Axis Bank, and ICICI Bank. Experts anticipate these challenges to persist in FY27.
Jindal Steel Ltd slips for fifth straight session
Jindal Steel Ltd is quoting at Rs 1203.2, down 1.63% on the day as on 13:19 IST on the NSE. The stock jumped 25.34% in last one year as compared to a 3.93% slide in NIFTY and a 43.84% spurt in the Nifty Metal index.
NMDC Ltd eases for fifth straight session
NMDC Ltd is quoting at Rs 88.14, down 0.38% on the day as on 13:19 IST on the NSE. The stock jumped 23.81% in last one year as compared to a 3.93% slide in NIFTY and a 43.84% spurt in the Nifty Metal index.
Hindustan Zinc Ltd down for fifth straight session
Hindustan Zinc Ltd is quoting at Rs 629.35, down 0.17% on the day as on 13:19 IST on the NSE. The stock jumped 42.26% in last one year as compared to a 3.93% slide in NIFTY and a 43.84% spurt in the Nifty Metal index.
Bank of Maharashtra rises for third consecutive session
Bank of Maharashtra is quoting at Rs 79.58, up 1.05% on the day as on 12:49 IST on the NSE. The stock is up 57.74% in last one year as compared to a 3.98% spurt in NIFTY and a 19.81% spurt in the Nifty PSU Bank index.
Aurobindo Pharma Ltd up for third consecutive session
Aurobindo Pharma Ltd is quoting at Rs 1541.4, up 1.57% on the day as on 12:49 IST on the NSE. The stock is up 29.73% in last one year as compared to a 3.98% slide in NIFTY and a 15.38% slide in the Nifty Pharma index.
CG Power & Industrial Solutions Ltd up for third straight session
CG Power & Industrial Solutions Ltd is quoting at Rs 862.15, up 1.04% on the day as on 12:49 IST on the NSE. The stock is up 23.79% in last one year as compared to a 3.98% slide in NIFTY and a 14.01% slide in the Nifty Energy index.