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Markets continue to trade in green during late afternoon deals
May-19-2026

Benchmarks continued to trade above the neutral lines in late afternoon session. Investors were hopeful of ease in tension in West Asia after US President Donald Trump has said he halted fresh strikes on Iran at the request of Qatar, Saudi Arabia and the UAE. He also asserted that serious discussions were underway with Tehran that could lead to an acceptable deal. However, gains remained capped as continued weakness in rupee against the US dollar has sparked caution among traders. The Indian rupee has weakened by 34 paise to trade at 96.54 against the US dollar. Besides, the rating agency ICRA reportedly lowered the India’s GDP growth estimate to 6.2% in FY27, down from the earlier estimate of 6.5% amid elevated crude oil prices triggered by the West Asia crisis.

On the global front, Asian equity markets were trading mixed as technology heavyweights tracked overnight declines in their US peers. European equity markets were trading higher amid optimism of US-Iran deal.

The BSE Sensex is currently trading at 75480.71, up by 165.67 points or 0.22% after trading in a range of 75371.07 and 75746.27. There were 16 stocks advancing against 14 stocks declining on the index.

The top gaining sectoral indices on the BSE were IT up by 3.30%, TECK up by 1.85%, Realty up by 1.78%, Utilities up by 1.02% and Consumer Discretionary up by 0.99%.

The top gainers on the Sensex were Infosys up by 4.22%, HCL Technologies up by 3.17%, Eternal up by 3.01%, Tech Mahindra up by 2.96% and TCS up by 2.31%. On the flip side, Kotak Mahindra Bank down by 2.26%, Ultratech Cement down by 1.64%, Titan Company down by 1.45%, Bharti Airtel down by 1.14% and Sun Pharmaceutical Industries down by 1.05% were the top losers.

Meanwhile, Crisil in its latest report has said that rising crude prices, weakening petroleum exports and heavy dependence on imported oil are likely to push India’s oil trade deficit higher in FY27, straining external balances. The report further stated that India continues to rely heavily on overseas crude supplies, with more than 85 per cent of its annual crude oil requirement met through imports. 

The report showed a steady rise in India’s oil imports from nearly 190 million tonnes in FY14 to over 300 million tonnes in FY26. In contrast, exports remained comparatively range-bound over the same period. It said the oil trade deficit, which had moderated during periods of lower crude prices in the past, has again started widening.

Besides, it said that the increase in import volumes has not been matched by growth in refined petroleum product exports, which have largely remained flat over the years except for a temporary spike following the Covid-19 pandemic. The report noted that pressure on the oil trade deficit intensified from FY24 onward as exports of refined petroleum products declined for two straight fiscals, even while imports continued to rise.

The CNX Nifty is currently trading at 23701.20, up by 51.25 points or 0.22% after trading in a range of 23647.40 and 23782.30. There were 25 stocks advancing against 25 stocks declining on the index.

The top gainers on Nifty were Infosys up by 4.35%, Tata Motors Passenger Vehicles up by 3.20%, HCL Technologies up by 3.17%, Tech Mahindra up by 2.99% and Eternal up by 2.95%. On the flip side, Kotak Mahindra Bank down by 2.39%, Ultratech Cement down by 1.74%, Titan Co down by 1.46%, Sun Pharmaceutical Industries down by 1.12% and Bharti Airtel down by 1.06% were the top losers.

Asian equity markets were trading mixed; Nikkei 225 slipped 396.95 points or 0.66% to 60,419.00, Taiwan Weighted lost 716.26 points or 1.78% to 40,175.56, KOSPI dropped 244.38 points or 3.36% to 7,271.66 and Jakarta Composite plunged 228.7 points or 3.59% to 6,370.54, while Hang Seng advanced 117.82 points or 0.46% to 25,793.00, Straits Times rose 60.96 points or 1.22% to 5,057.71 and Shanghai Composite strengthened 38.01 points or 0.91% to 4,169.54.

European equity markets were trading higher; UK’s FTSE 100 increased 65.63 points or 0.64% to 10,389.38, France’s CAC rose 72.41 points or 0.91% to 8,059.90 and Germany’s DAX gained 247.38 points or 1.02% to 24,555.30.
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