Nifty50 rises 152 points (0.63%) — India Market Digest 21 May 2026

Bulls reclaimed control today as Nifty surged past the 24300 mark, closing at 24350 with a solid 0.63% gain. Sensex hit the psychological 80100 milestone. Despite a volatile start near 24180, heavy buying in large companies during the final hour pushed the index toward its intraday high of 24520, signaling strong underlying demand at lower price levels.

Reliance led the charge with a 1.8% jump to 1482, buoyed by positive energy sector sentiment. IT majors Infy and TCS followed suit, rising 1.5% and 1.2% respectively as global technology demand showed signs of stabilizing. Conversely, Wipro dropped 1.1% on internal margin concerns, while private lenders Axis Bank and HDFC Bank faced selling pressure, dragging the banking sector down despite the broader market rally.

Retail investors should focus on stable, large companies rather than chasing risky momentum right now. Watch the IT sector closely tomorrow; if Infy sustains these levels, a broader sector breakout is likely. Keep an eye on HDFC Bank to see if it finds support near 1670. Consistency in blue-chip buying suggests long-term players are entering the market.

Market Mood: Bullish

Stabilizing crude oil prices and a steady Rupee provided the necessary tailwinds for today recovery, offsetting concerns regarding persistent high interest rates in Western markets.