T
Trendlyne Marketwatch
14 May 2026
Market closes higher on reports of possible tax cut on foreign investors’ bond investments
By Trendlyne Analysis

 

Nifty 50 closed at 23,689.60 (277, 1.2%), BSE Sensex closed at 75,398.72 (789.7, 1.1%) while the broader Nifty 500 closed at 22,613.10 (235.8, 1.1%). Market breadth is in the red. Of the 2,738 stocks traded today, 1,251 were gainers and 1,434 were losers.

Indian indices closed higher on reports of a possible tax cut on foreign investors’ bond investments to boost inflows. The Indian volatility index, Nifty VIX, fell 4.2% and closed at 18.6 points. India’s Wholesale Price Index (WPI) inflation surged to a 42-month high of 8.3% in April from 3.9% in March, driven by higher crude oil, transportation and manufacturing costs.

Nifty Smallcap 100 closed flat, while Nifty Midcap 100 closed higher. Nifty Pharma and S&P BSE Telecom are among the top index gainers today. According to Trendlyne’s sector dashboard, Commercial Services & Supplies emerged as the best-performing sector of the day, with a rise of 4.5%.

Asian indices closed mixed. European indices are trading higher, except for Russia’s RTSI and MOEX. US index futures are trading higher as investor sentiment stayed supported by optimism around ongoing US-China talks. Oil prices rose amid continued Middle East tensions, while investors awaited outcomes from the Trump-Xi meeting after reports said the US expects Beijing to use its economic ties with Tehran to push Iran to reopen the Strait of Hormuz.

  • Relative Strength Index (RSI) indicates that stocks like HFCL and Welspun Corp are in the overbought zone.

  • Sagar Cements is rising sharply as its board of directors approves setting up a new superfine building materials division to capture the growing demand for advanced, durable, and eco-friendly construction solutions. The company reports a net profit of Rs 87.6 crore in Q4FY26 compared to a net loss of Rs 70.8 crore a year ago, driven by a Rs 126.7 crore tax return. Revenue jumps 20.7% YoY to Rs 798.2 crore, led by stronger demand in Southern India, higher realisations and sales.

  • NBCC (India) rises as it secures two construction orders worth Rs 131 crore, including a Central Bank of India office building in Amaravati and the new Andhra Pradesh Bhavan in New Delhi.

  • Kaynes Technology India plunges over 19% as its Q4FY26 net profit drops 21.5% YoY to Rs 91.2 crore due to higher raw materials, employee benefits, finance and depreciation & amortisation expenses. However, revenue jumps 27.8% to Rs 1,284.5 crore, helped by healthy demand in the electronics manufacturing services (EMS) business and ramp-up of the semiconductor segment. It shows up in a screener of stocks with the highest falls from their 52-week highs.

  • Girish Wagh, MD & CEO of Tata Motors Commercial Vehicles, says India’s CV industry has surpassed its pre-FY19 wholesale peak, supported by improving fleet economics, GST-led cost efficiencies and infrastructure spending. However, he cautions that rising diesel prices remain a key risk, noting that fuel accounts for 25–50% of a truck operator’s total cost of ownership, making even small increases in diesel prices significant for the sector.

  • Cipla is rising sharply as Nuvama upgrades the stock to a 'Buy' call from 'Reduce', with a higher target price of Rs 1,550 per share. This indicates a potential upside of 9.8%. The brokerage cites healthy margin outlook for FY28, driven by upcoming high-value launches and easing capex.

  • Easy Trip Planners surges as its board of directors approves raising up to Rs 500 crore through a rights issue of equity shares.

  • Adani Enterprises surges to a new 52-week high of Rs 2,700 as 58.9 lakh shares, worth Rs 1,435 crore, reportedly change hands in a block deal at an average price of Rs 2,435.6 per share.

  • The Nifty 50 index recovers from the day’s lows after reports suggest the government is considering a significant cut in taxes on foreign investors’ bond investments to attract more inflows. The move comes as policymakers look to curb the rupee’s decline, with the currency emerging as Asia’s worst performer in 2026 so far, depreciating over 6% against the US dollar.

  • Mahindra & Mahindra is rising as its subsidiary, Mahindra Overseas Investment Co, sells its remaining 3.6% stake in CIE Automotive (Spain) for EUR 126 million (~Rs 1,413.2 crore).

  • Balaji Amines surges over 18% as its Q4FY26 net profit soars 57.8% YoY to Rs 63.2 crore, helped by inventory destocking and a richer product mix. Revenue grows 11.6% to Rs 402.5 crore, thanks to strong demand across the amines and specialty chemicals portfolio. It features in a screener of stocks outperforming their industries in the past quarter.

  • Jana Small Finance Bank is rising as its board of directors schedules a meeting for May 18 to raise funds by issuing equity through a qualified institutional placement (QIP) or other modes.

  • India’s WPI inflation rises to a 42-month high of 8.3% in April from 3.9% in March, driven by higher crude oil, transportation and manufacturing costs. Inflation in crude petroleum and natural gas surges to 67.2% from 35.9%, while crude petroleum inflation alone jumps to 88.1% from 51.6% in March.

  • Signatureglobal (India) is falling sharply as its Q4FY26 EBITDA margin contracts 330 bps YoY to 5.1% due to higher project, employee benefits and finance costs. However, revenue surges 109.5% YoY to Rs 1,195.2 crore, driven by strong housing demand and sales in Gurugram and NCR markets. It appears in a screener of stocks with a high market capitalisation and lower public shareholding.

  • Alembic Pharmaceuticals is rising as it receives US FDA approval for its abbreviated new drug application (ANDA) for Darolutamide tablets. The drug is used to treat adult men with advanced prostate cancer. It had an estimated market size of $3.2 billion for the year ending March 2026, according to IQVIA.

  • BOB Capital Markets retains its 'Buy' call on Abbott, with a lower target price of Rs 36,457 per share. This indicates an upside of 32.6%. The brokerage highlights that phasing out of the Mixtard sales will lower the profitability of the company. However, it believes that a healthy cash balance can be utilised towards mergers & acquisitions or a hefty dividend and will sustain its all-time high EBITDA margin. Analysts expect the stock to deliver a revenue CAGR of 8.7% through FY29.

  • According to data from the Society of Indian Automobile Manufacturers, total automobile production across passenger vehicles, three-wheelers, two-wheelers and quadricycles rises 26% YoY to 2.9 million units in April, while domestic dispatches increase 27.9% to 2.3 million units. Exports surge 38% to 628,128 units during the month.

  • NLC India soars to its all-time high of Rs 374 as its Q4FY26 net profit surges 2.9x YoY to Rs 1,393.5 crore, driven by lower employee benefits & tax expenses and inventory destocking. Revenue jumps 30.8% to Rs 5,197.2 crore, boosted by higher power generation & utilisation and strong demand. It features in a screener of stocks with rising returns on equity (RoE), momentum and earnings yield.

  • Sugar stocks like Balrampur Chini Mills, Dalmia Bharat Sugar, Bajaj Hindusthan Sugar fall after the government bans sugar exports until September 30 to curb domestic prices and control inflation.

  • Lupin is rising as it receives approval from the US FDA for its abbreviated new drug application (ANDA) for Famotidine injections. The drug is a bioequivalent to the reference listed drug (RLD), Pepcid injection, of Merck Sharp & Dohme Corp. It is used to treat intractable ulcers and had estimated annual sales of $8.7 million in FY26, according to IQVIA.

  • MTAR Technologies rises over 8% as it secures a significant Rs 2,279 crore international order. The company also raised its FY27 revenue growth guidance to over 80%, driven by expansions in clean energy, nuclear, and aerospace segments. This follows robust Q4 earnings and a strong full-year performance.

  • Oil India soars to its 52-week high of Rs 531 as its board of directors approves forming a joint venture (JV) between its subsidiary, OIL Green Energy, and Hindustan Waste Treatment to develop compressed biogas (CBG) projects. The company's Q4FY26 net profit surges 60.3% YoY to Rs 2,099.6 crore, supported by lower excise duty & inventory expenses and higher crude price realisation. Revenue jumps 6.6% to Rs 9,795 crore, fueled by increased crude production and capacity expansion.

  • PNC Infratech is rising as its 50:50 joint venture (JV) secures an order worth Rs 571.8 crore from UP State Bridge Corp to construct a four-lane bridge over the Ganga river.

  • Zydus Lifesciences surges as its subsidiary, Zydus Worldwide, signs an agreement to acquire US-based Assertio Holdings for $166.4 million (around Rs 1,593 crore) to enter the US specialty oncology market.

  • Bharti Airtel's Q4FY26 net profit drops 33.5% YoY to Rs 7,325.1 crore due to a higher base in Q4FY25 from a one-time tax gain. However, revenue increases 15.7% to Rs 55,383.2 crore, driven by higher mobile services revenue in India and Africa during the quarter. The company appears in a screener of stocks with a PE ratio above the Industry average.

  • Nifty 50 was trading at 23,550.05 (137.5, 0.6%), BSE Sensex was trading at 74,947.12 (338.1, 0.5%), while the broader Nifty 500 was trading at 22,513.50 (136.2, 0.6%).

  • Market breadth is overwhelmingly positive. Of the 2,179 stocks traded today, 1,687 were on the uptick, and 416 were down.

Riding High:

Largecap and midcap gainers today include Adani Enterprises Ltd. (2,712.90, 8.6%), Cipla Ltd. (1,436.70, 8.2%) and Tata Communications Ltd. (1,656.10, 6.2%).

Downers:

Largecap and midcap losers today include Tube Investments of India Ltd. (2,800.80, -4.8%), Persistent Systems Ltd. (4,628.80, -4.5%) and LTM Ltd. (3,920.20, -4.1%).

Volume Shockers

16 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included NLC India Ltd. (370.90, 13.9%), Caplin Point Laboratories Ltd. (2,023.80, 9.9%) and Adani Enterprises Ltd. (2,712.90, 8.6%).

Top high volume losers on BSE were Kaynes Technology India Ltd. (3,336.50, -20.2%), ZF Commercial Vehicle Control Systems India Ltd. (14,120, -2.1%) and Vishal Mega Mart Ltd. (117.78, -1.4%).

Alkyl Amines Chemicals Ltd. (1,750, 6.9%) was trading at 58.9 times of weekly average. Godrej Industries Ltd. (1,153.15, 7.5%) and Zydus Lifesciences Ltd. (991.70, 5.6%) were trading with volumes 7.3 and 6.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

21 stocks took off, crossing 52 week highs, while 9 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Ajanta Pharma Ltd. (3,259.20, 4.4%), Apollo Hospitals Enterprise Ltd. (8,119, 1.4%) and Aurobindo Pharma Ltd. (1,510.90, 0.9%).

Stocks making new 52 weeks lows included - HCL Technologies Ltd. (1,124, -1.7%) and Tata Consultancy Services Ltd. (2,246, -1.2%).

23 stocks climbed above their 200 day SMA including Caplin Point Laboratories Ltd. (2,023.80, 9.9%) and Alkyl Amines Chemicals Ltd. (1,750, 6.9%). 12 stocks slipped below their 200 SMA including Tube Investments of India Ltd. (2,800.80, -4.8%) and ZF Commercial Vehicle Control Systems India Ltd. (14,120, -2.1%).

 
More from Trendlyne Marketwatch
More from Trendlyne Analysis
Recommended
Five Interesting Stocks Today - June 12, 2026
The Baseline | 12 Jun 2026, 05:13PM
Market closes higher as Trump signals imminent peace deal with Iran
Trendlyne Marketwatch | 12 Jun 2026, 04:08PM
Markets close flat, RailTel's IPO oversubscribed on Day 1
Trendlyne Marketwatch | 16 Feb 2021