Nifty50 falls 46.1 points (0.19%) — India Market Digest 15 May 2026

Bulls struggled to maintain momentum today as Nifty50 slipped 46 points to close at 23643.5, while the Sensex dropped 0.21%. Despite a strong opening above 23731, the index faced heavy selling pressure at higher levels, failing to hold the 23800 mark. This intraday reversal suggests a cautious sentiment as investors booked profits, leaving the market in a tight, indecisive range.

IT stocks provided a much-needed cushion, with Infosys and Tech Mahindra leading the gainers, rising over 2% each on the back of positive global cues. Conversely, heavyweights weighed down the sentiment significantly. Reliance Industries fell nearly 1.87%, dragging the energy sector, while Nestle India and UltraTech Cement faced selling pressure due to cooling demand concerns. Power Grid remained a bright spot in utilities, benefiting from defensive buying interest.

Retail investors should avoid chasing highs and focus on quality large-caps showing resilience. The market is currently testing crucial support levels, and a break below 23600 could trigger a further correction. Watch the IT sector tomorrow for continued momentum; if Infosys sustains its gains, it may provide a floor. Keep a close eye on support levels before adding fresh positions.

Market Mood: Sideways

Sticky crude oil prices remain a concern for Indian markets, potentially impacting the rupee stability and domestic inflation, which might influence the central bank’s upcoming stance on interest rates.