The Indian stock market staged a strong recovery on Thursday, May 14, with SENSEX soaring nearly 902 points, or 1.22%, to an intraday high of 75,539 and NIFTY50 jumping 1.34% to the day's high of 23,724.30. According to Business Standard, the benchmark equity indices were driven by buying in banking shares and positive cues from Asian markets amid optimism surrounding the ongoing U.S.-China Summit. As of 13:30 IST, SENSEX was 902.45 points at 75,539 and NIFTY50 index advanced 315.55 points to 23,724.30. The market recovery comes after Wednesday's positive momentum, when Gift Nifty trading near the 23,527 mark, up over 65 points from the previous close, signalling a higher opening. The Sensex had gained 49.74 points, or 0.07%, to settle at 74,608.98 on Wednesday, while the Nifty 50 advanced 33.05 points, or 0.14%, to close at 23,412.60. Broader markets outperformed the benchmarks, with the BSE Midcap index rising 0.71% and the BSE Smallcap index climbing 0.08%. The market breadth was negative with 2,016 shares rising and 2,039 shares falling on the BSE, while 191 shares remained unchanged.
Several stocks are expected to remain in focus today due to quarterly results announcements. As reported by Live Mint, JSW Steel, HAL, IRFC, Muthoot Finance, Tata Motors PV, and Vishal Mega Mart will be under scrutiny as companies report their Q4 results today. The market recovery comes after days of heightened volatility and sustained selling pressure, with global equities showing signs of short-term stabilization. According to latest reports, around 150 companies will declare earnings on Thursday, May 14, including major names like JSW Steel, Hindustan Aeronautics Ltd, Muthoot Finance, Indian Railway Finance Corporation, Tata Motors Passenger Vehicles, Siemens Energy India, United Spirits, Vishal Mega Mart, and Housing & Urban Development Corporation. In today's trade, shares of HAL, TMPV, Bharti Airtel, Anant Raj, Zydus Life, Tata Motors among others will be in focus due to various news developments and other quarterly results.
Tata Motors' Commercial Vehicle business delivered exceptional results with standalone net profit of ₹2,406 crore for the quarter ended March, marking a 70% increase from ₹1,419 crore reported in the corresponding period last year. According to Live Mint, Bharti Airtel posted stable performance with consolidated net profit increasing 10.5% quarter-on-quarter to ₹7,325 crore from ₹6,630 crore in Q3 FY6. Zaggle Prepaid Ocean Services reported a 30.6% year-on-year increase in consolidated net profit at ₹41 crore for Q4 FY6, up from ₹31 crore in the same period last year. Revenue from operations in Q4 FY26 stood at ₹24,452 crore, showing a year-on-year growth of 22.26% from ₹19,999 crore in the same period of fiscal 2025. Oil India reported strong quarterly performance with revenue rising 21% sequentially to ₹5,961 crore and profit jumping 122% to ₹1,790 crore, though EBITDA margin missed estimates. ADF Foods added 2.48% after the company reported 57.6% jump in consolidated net profit to ₹25.9 crore on a 23.7% rise in revenue from operations to ₹196.7 crore in Q4 FY6 as compared with Q4 FY5. However, Kaynes Technologies plunged 19.61% after the company's consolidated net profit declined 21.5% to ₹91.22 crore despite a 26.22% increase in revenue from operations to ₹1,242.63 crore in Q4 FY6 over Q4 FY5.
Zydus Lifesciences announced that its Board of Directors will evaluate a proposal for buyback of fully paid-up equity shares at a meeting scheduled for Tuesday, May 19, 2026, as reported by Live Mint. NBCC India secured work orders valued at ₹131.02 crore for projects located in Andhra Pradesh and New Delhi, according to an exchange filing. Oil India posted robust standalone performance for Q4 FY6 driven by increased crude oil production and better price realisations. However, Nitco declined 1.01% after the company's consolidated net loss widened to ₹7.78 crore in Q4 FY6 compared with net loss of ₹2.90 crore in Q4 FY5, though total revenue from operations jumped 62.85% to ₹152.32 crore in Q4 FY6 as against ₹93.53 crore in Q4 FY5. ETMarkets reports that Zydus Lifesciences is nearing a US acquisition, while Maruti Suzuki commits to green logistics.
The overall market breadth remained positive with 1,571 shares trading higher while 1,233 were declining on the NSE. As per latest reports, 10 of 15 sector gauges compiled by the National Stock Exchange were trading higher, led by the NIFTY Metal index's 3.2% gain. NIFTY Pharma, Healthcare, PSU Bank, Private Bank, Bank and Financial Services indices also rose between 0.4% and 1%. On the flip side, IT, auto and media shares were facing selling pressure. Among the Sensex constituents, Adani Ports, Trent, Asian Paints, NTPC, Sun Pharmaceuticals, UltraTech Cement, Bharti Airtel, Larsen & Toubro, ITC, Tata Steel, ICICI Bank and Mahindra & Mahindra were the major gainers. HCL Technologies, Infosys, Tata Consultancy Services and Tech Mahindra were trading in the red territory. Cipla was the top gainer in the NIFTY50 index, rising 5.7% to ₹1,403, while Adani Enterprises, Hindalco, JSW Steel, ONGC, Bharti Airtel, Asian Paints, Apollo Hospitals and NTPC also rose between 1.19% and 5%. In the broader market, the BSE 150 MidCap Index climbed 0.71% and the BSE 250 SmallCap Index rose 0.08%. Adani Enterprises (up 6.93%), Cipla (up 6.82%), Bharti Airtel (up 4.80%), Dr. Reddy's Laboratories (up 2.92%) and HDFC Bank (up 2.76%) were the major Nifty50 gainers, while Tech Mahindra (down 2.88%), Infosys (down 2.57%), HCL Technologies (down 2.51%), Tata Consultancy Services (down 1.38%) and Hindustan Unilever (down 0.38%) were the major Nifty50 losers.
