The S&P BSE Sensex advanced 448.13 points or 0.60% to 75,057.11 at 11:30 IST, while the Nifty 50 index rose 156.20 points or 0.67% to 23,568.80, according to Business Standard. The broader market underperformed with the BSE 150 MidCap Index falling 0.04% and the BSE 250 SmallCap Index slipping 0.61%. Market breadth remained negative with 1,571 shares rising and 2,282 shares falling on the BSE, while 184 shares remained unchanged. The NSE's India VIX declined 3.71% to 18.70, indicating reduced market volatility expectations.
The Nifty Metal index surged 1.44% to 13,481.85, with the index surging 5.2% in the two consecutive trading sessions, as reported by Business Standard. Adani Enterprises jumped 4.72%, Vedanta rose 2.63%, Hindustan Copper gained 2.08%, Hindustan Zinc increased 0.41%, and Steel Authority of India rose 0.62%. Other notable performers included JSW Steel up 1.45%, Jindal Stainless up 1.08%, National Aluminium Company up 0.94%, NMDC up 0.76%, and Hindustan Copper up 2.06%. This sectoral strength reflects strong investor interest in metal stocks amid positive market sentiment.
Foreign portfolio investors (FPIs) sold shares worth ₹4,703.15 crore, while domestic institutional investors (DIIs) were net buyers to the tune of ₹5,869.05 crore in the Indian equity market on May 13, 2026, as reported by Business Standard. These provisional data figures highlight the contrasting investment patterns between foreign and domestic institutional investors in the current market session.
Balaji Amines surged 20% after the company's consolidated profit after tax stood at ₹63.21 crore in Q4 FY26, up 57.79% from ₹40.06 crore in Q4 FY25 and surged 101.11% from ₹31.43 crore in Q3 FY26, according to Business Standard. Revenue from operations increased 11.92% YoY to ₹394.79 crore in Q4 FY26 from ₹352.73 crore in the year-ago period. Alembic Pharmaceuticals rose 1.51% after the company announced it received tentative approval from the US Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Darolutamide Tablets, 300 mg. ZF Commercial Vehicle Control Systems India fell 2.61% despite reporting a 15.47% jump in consolidated net profit to ₹146.32 crore in Q4 FY26 from ₹126.71 crore, with revenue from operations rising 14.16% YoY to ₹1,155.23 crore.
Asian markets traded mixed as investors awaited a high-stakes meeting between U.S. President Donald Trump and Chinese counterpart Xi Jinping for clues on U.S.-China ties and global trade, as reported by Business Standard. Trump landed in Beijing Wednesday for the closely watched summit, accompanied by a group of U.S. executives, including Tesla CEO Elon Musk and Nvidia boss Jensen Huang. Samsung shares rose as much as 5.46%, notching a fresh record high after the tech giant suffered a brief wipeout of $66 billion in market value following a labor dispute that threatened one of the biggest strikes in the company's history. Overnight on Wall Street, the S&P 500 rose to a new all-time high with the S&P 500 rising 0.58% to 7,444.25 and the Nasdaq adding 1.2% to 26,402.34. The Dow Jones Industrial Average shed 67.36 points to end at 49,693.20, while U.S. wholesale prices posted their highest annual increase in more than three years with the producer price index up 6% annually.
