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Nifty trades above 23,400 level; oil & gas shares advance
At 11:30 IST, the barometer index, the S&P BSE Sensex, advanced 28.18 points or 0.04% to 74,587.42. The Nifty 50 index rose 29.15 points or 0.12% to 23,410.65.
Indices pare early losses; metal shares in demand
At 10:30 IST, the barometer index, the S&P BSE Sensex, advanced 104.77 points or 0.14% to 74,664.01. The Nifty 50 index rose 84.55 points or 0.36% to 23,464.35.
Indices edge lower in early trade; breadth positive
At 09:30 IST, the barometer index, the S&P BSE Sensex, declined 61.50 points or 0.08% to 74,518.17. The Nifty 50 index fell 1.45 points or 0.03% to 23,375.95.
MSCI rejig: MCX, Indian Bank included, but RVNL, Kalyan Jewellers out
MSCI’s May 2026 index rejig kept India’s overall representation in the MSCI Standard Index unchanged at 165 stocks, even as four companies, including MCX and Indian Bank, were added and four others, such as Rail Vikas Nigam Limited and Kalyan Jewellers, were removed. The changes will take effect after market close on May 29. MSCI also carried out a major clean-up in the Small Cap index, where more than a dozen Indian stocks are set to exit.
Buy or sell: Gift Nifty signals muted start, Vaishali Parekh recommends three intraday stocks for today — 13 May 2026
Buy or sell: Vaishali Parekh recommends three intraday stocks for today — Axis Bank, DLF, and PNB
ICICI Bank Share Price Live Updates: ICICI Bank's Recent Market Struggles
MSCI Rejig: MCX, Indian Bank make the cut; RVNL, Kalyan Jewellers dropped
On the flip side, HUL, Bajaj Finance, TCS, ONGC, UltraTech, Infosys, HAL, Coal India, Mahindra & Mahindra, Nestle India, Power Grid are among the 75 names whose weightage will see a decline on the MSCI Standard Index.
MSCI Rejig: Adani Energy, MCX, Federal Bank enter Global Standard Index; RVNL, Hyundai Motor, Kalyan Jewellers removed
MSCI has excluded Hyundai Motor India, Jubilant FoodWorks, Kalyan Jewellers and Rail Vikas Nigam Ltd (RVNL) from the index.
Nifty, Bank Nifty strategy; 3 stock recommendations by Motilal Oswal
Chandan Taparia of Motilal Oswal decodes how to trade Nifty and Bank Nifty today; here are stock bets and strategy
IT stocks tumble on OpenAI's push into AI adoption
Indian IT stocks experienced a significant downturn on Tuesday, with the Nifty IT index plummeting 3.7% to a three-year low. This decline was triggered by OpenAI's substantial investment in AI adoption, raising concerns about its impact on traditional software services business models.
Chip stocks lead Nasdaq, S&P 500 lower from record highs as inflation stings
Some investors are still betting on a further fall in these stocks. The Direxion Daily Semiconductors Bear 3x ETF, which pays three times the inverse return of the Philadelphia Semiconductor index, surged 9.2% with significant call writing seen on the ETF, with volumes rising to as high as 2.92 lakh contracts on Tuesday.
Trade Setup for May 13: Nifty may see further volatility after closing below key support levels
With Tuesday's decline, the Nifty has now corrected more than 1,100 points from its recent swing high of 24,482 in just four sessions. The index also breached the crucial 23,500 support level and continues to trade below it.