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Key gauges end higher amid buying in Telecom, Healthcare stocks
May-14-2026

Rising for second consecutive session, Indian equity benchmarks ended over a percent higher on Thursday, driven by value buying in Telecom, Healthcare and Metal shares amid optimism surrounding the ongoing US-China talks. 

Some of the important factors in trade:

India targets $1 trillion goods and services exports this year: Commerce and Industry Minister Piyush Goyal has asked for taking the country's goods and services exports to $1 trillion this fiscal year. He said that taking from $863 billion to $1 trillion needs $137 billion, which is a 16-17 per cent growth. 

April sees sharp acceleration in WPI inflation amid massive jump in fuel prices: India's wholesale price index (WPI) inflation accelerated further in the month of April 2026 to 8.30% as compared to 3.88% in March 2026, due to a sharp rise in the prices of crude petroleum, natural gas and mineral oils amid geopolitical conflict in West Asia affecting supply chains through the Strait of Hormuz. 

Govt approves Rs 37,500 crore incentive to promote coal gasification projects: The Union Cabinet has approved a Rs 37,500-crore incentive scheme to promote coal gasification projects, aimed at boosting clean energy production and reducing dependence on forex-guzzling imports. 

RBI eases outward remittance rules for non-banks: The Reserve Bank has removed the prior approval requirement for non-bank entities to form tie-up arrangements for facilitating outward remittance services through banks in India. 

Global front: European markets were trading higher as official data showed the U.K. economy grew at a faster pace in the first quarter, driven by contribution from all three sectors.  Asian markets ended mixed with the spotlight firmly on a high-stakes summit between U.S. President Donld Trump and Chinese President Xi Jinping in Beijing. 

Finally, the BSE Sensex rose 789.74 points or 1.06% to 75,398.72 and the CNX Nifty was up by 277.00 points or 1.18% to 23,689.60.

The BSE Sensex touched high and low of 75,681.88 and 74,526.77, respectively. There were 23 stocks advancing against 7 stocks declining on the index. 

The top gaining sectoral indices on the BSE were Telecom up by 2.87%, Healthcare up by 2.08%, Metal up by 2.03%, Utilities up by 1.59% and Power up by 1.44%, while IT down by 1.84%, Energy down by 0.19% and Oil & Gas down by 0.10% were the top losing indices on BSE.

The top gainers on the Sensex were Bharti Airtel up by 5.32%, Eternal up by 3.32%, HDFC Bank up by 2.67%, Adani Ports &SEZ up by 2.14% and Sun Pharma up by 2.12%. On the flip side, Infosys down by 2.46%, Tech Mahindra down by 2.16%, HCL Technologies down by 1.63%, TCS down by 1.18% and Hindustan Unilever down by 0.84% were the top losers.

Meanwhile, expressing confidence over India’s export growth, Commerce and Industry Minister Piyush Goyal has aimed to take the country’s goods and services exports to the $1 trillion mark in the current fiscal year (FY27). In FY26, exports reached an all-time high of $863.11 billion, registering a 4.6% year-on-year increase despite global economic uncertainties, including high US tariffs, the ongoing Russia-Ukraine war, and the West Asia crisis. Merchandise exports grew 0.93%, rising to $441.78 billion in FY26 from $437.70 billion in FY25. Services exports also surged to an all-time high of $421.32 billion in FY26, up from $387.55 billion in FY25, recording a growth of 8.71%.

Goyal said that increasing exports from $863 billion to $1 trillion requires an additional $137 billion, which translates to a 16-17% growth. He added that India is opening doors and providing preferential market access for Indian goods and services through a number of free trade agreements (FTAs). Since 2021, India has finalized nine FTAs, with Mauritius, the UAE, Australia, Oman, New Zealand, the EU, the UK, and the European Free Trade Association (EFTA) bloc. A framework for an interim trade agreement with the US has also been finalized. He noted that of the total, four FTAs are already operational, and another five will become operational in the next 12 months. Trade pacts with Mauritius, the UAE, Australia, and the EFTA bloc have been operationalized so far.

Further, he said that India is also negotiating FTAs with several other countries, and highlighted meetings with ministers from Chile and the Maldives, as agreements with both are likely to be completed before the end of this year. Moreover, India is in active dialogue with Canada, Israel, the Gulf Cooperation Council (GCC), and the Russia-led Eurasian Economic Union (EAEU). The country is also planning to start talks with Mexico and will soon initiate discussions with the Southern African Customs Union (SACU). Additionally, he said India is working to expand the Mercosur (Argentina, Brazil, Paraguay, Uruguay) preferential trade agreement (PTA) into a more robust trading arrangement.

He said that the world is looking to work and trade with India as the country provides huge market and a talented workforce. On FTA utilisation, he said the commerce ministry on May 13, 2026 held a virtual meeting with over 1,100 participants, including industry associations, to apprise them of the benefits of these agreements. The exercise is aimed at increasing awareness among small and micro units in the remotest corners of India to improve utilisation of the benefits under free trade agreements.

CNX Nifty touched high and low of 23,777.20 and 23,426.55, respectively. There were 38 stocks advancing against 12 stocks declining on the index.

The top gainers on Nifty were Adani Enterprises up by 8.85%, Cipla up by 8.09%, Bharti Airtel up by 5.24%, Eternal up by 3.18% and Hindalco Industries up by 2.88%. On the flip side, Infosys down by 2.58%, Tech Mahindra down by 2.33%, HCL Technologies down by 1.69%, Coal India down by 1.17% and TCS down by 1.01% were the top losers.

European markets were trading higher; UK’s FTSE 100 increased 37.08 points or 0.36% to 10,362.43, France’s CAC rose 60.63 points or 0.76% to 8,068.60 and Germany’s DAX gained 256.19 points or 1.06% to 24,393.00. 

Asian markets ended mixed on Thursday, as elevated crude oil prices and persistent US inflation data sparked investor concerns and reinforced bets that the Federal Reserve may keep interest rates higher for longer period. Meanwhile, investors closely monitored takeaways from the high-stakes summit between US President Donald Trump and Chinese leader Xi Jinping. Based on Xi Jinping's readout of the meeting, the two leaders agreed to develop a constructive China-US relationship of strategic stability led by cooperation and measured competition. Japanese shares experienced volatility and profit-taking, with the Nikkei pulling back from record highs despite robust corporate earnings reports. Seoul shares ended at a new peak, driven by a sustained rally in artificial intelligence (AI)-related shares, particularly in the semiconductor sector. Indonesian market remained closed on account of holiday.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

4,177.92

-64.65

-1.52

Hang Seng

26,389.04

0.60

0.00

Jakarta Composite

--

--

--

KLSE Composite

1,745.58

-0.73

-0.04

Nikkei 225

62,654.05

-618.06

-0.98

Straits Times

4,995.94

-8.02

-0.16

KOSPI Composite

7,981.41

137.40

1.75

Taiwan Weighted

41,751.75

377.25

0.91
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