Nifty50 rises 152 points (0.63%) — India Market Digest 20 May 2026

Domestic indices staged a strong comeback today as Nifty50 reclaimed the 24300 mark to close at 24350, up 0.63 percent. Sensex joined the party, crossing the psychological 80000 milestone to finish at 80100. The recovery was driven by a late surge after Nifty tested support near 24100 early on, signaling resilient buying interest at lower price levels for retail traders.

Heavyweights led the charge as Reliance Industries gained 1.8 percent, likely buoyed by strong energy demand forecasts. IT giants Infosys and TCS followed closely, rising over 1 percent each as bargain hunting emerged after recent corrections. Conversely, banking stocks faced pressure; HDFC Bank and Axis Bank ended in the red, reflecting sector profit booking. Wipro also lagged, underperforming tech peers due to cautious guidance and poor quarterly sentiment updates today.

Focus on the IT sector tomorrow as momentum in TCS and Infosys suggests a potential trend reversal. While indices look strong, divergence in banking stocks warrants caution. Keep an eye on Reliance; if it sustains these levels, it could pull Nifty higher. Maintain a disciplined approach by trailing stop losses on current winners to protect your capital.

Market Mood: Bullish

Global sentiment remains supportive as stable crude oil prices and a steady rupee provide a favorable backdrop for domestic equities, keeping inflation concerns at bay for the Reserve Bank policymakers.