The stock market today India ended marginally higher on Tuesday, May 20, as gains in heavyweight stocks including Reliance Industries and Hindalco helped markets recover from early volatility amid easing crude oil prices and improved global sentiment.
The NSE Nifty 50 closed at 23,659, up 41 points or 0.17%, while the BSE Sensex gained 117.54 points, or 0.16%, to settle at 75,318.39. Bank Nifty advanced 153 points to close at 53,562.20, while the Nifty Next 50 index outperformed with a gain of 0.54%.
Markets opened on a cautious note amid continued concerns around geopolitical tensions in the Middle East, elevated global bond yields and weakness in the Indian rupee. However, sentiment improved during the session after crude oil prices softened, helping frontline indices recover from intraday lows.
Benchmark indices performance
| Index | Close | Change | Change (%) |
|---|---|---|---|
| Nifty 50 | 23,659.00 | +41.00 | +0.17% |
| Sensex | 75,318.39 | +117.54 | +0.16% |
| Bank Nifty | 53,562.20 | +153.05 | +0.29% |
| Bankex | 60,339.97 | +168.13 | +0.28% |
| Midcap Nifty | 14,369.60 | +70.75 | +0.49% |
| Finnifty | 25,294.60 | +11.20 | +0.04% |
| Nifty Next 50 | 69,361.55 | +369.20 | +0.54% |
| India VIX | 18.44 | -0.24 | -1.28% |
Top gainers on Nifty
Reliance Industries emerged among the biggest contributors to the benchmark gains, rising 2.80% to ₹1,359.70. Hindalco Industries was the top Nifty gainer, climbing 3.55% to ₹1,085.50. Bajaj Auto gained 2.52%, while Bajaj Finserv and Grasim Industries rose 1.27% and 1.22%, respectively.
| Stock | Close | Change (%) |
|---|---|---|
| Hindalco | ₹1,085.50 | +3.55% |
| Reliance Industries | ₹1,359.70 | +2.80% |
| Bajaj Auto | ₹10,462.50 | +2.52% |
| Bajaj Finserv | ₹1,772.00 | +1.27% |
| Grasim Industries | ₹2,971.10 | +1.22% |
Top losers on Nifty
On the losing side, Bharat Electronics Ltd (BEL) declined 2.28%, while Tech Mahindra fell 1.92%. Eternal slipped 1.57%, Tata Steel lost 1.09%, and Hindustan Unilever ended 1.06% lower.
| Stock | Close | Change (%) |
|---|---|---|
| BEL | ₹413.30 | -2.28% |
| Tech Mahindra | ₹1,439.00 | -1.92% |
| Eternal | ₹243.34 | -1.57% |
| Tata Steel | ₹207.01 | -1.09% |
| Hindustan Unilever | ₹2,209.30 | -1.06% |
Commodities update
Commodity prices remained mixed during the session. Crude oil futures declined sharply, providing some relief to investor sentiment, while gold and silver prices traded higher.
| Commodity | Price | Change (%) |
|---|---|---|
| Crude Oil | ₹9,870.00 | -1.57% |
| Natural Gas | ₹298.20 | -0.40% |
| Gold | ₹1,59,315.00 | +0.15% |
| Silver | ₹2,72,904.00 | +1.03% |
Market outlook
Analysts said markets continue to remain sensitive to developments surrounding geopolitical tensions, crude oil prices, foreign institutional investor activity and global bond yields. Despite Tuesday’s positive close, investors remained cautious due to concerns over elevated energy prices and pressure on the rupee.
Market participants will now closely track global developments, commodity prices, institutional flows and upcoming macroeconomic data for further direction.