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Trendlyne Marketwatch
15 May 2026
Market closes lower as rupee hits record low amid rising crude oil prices
By Trendlyne Analysis

 

Nifty 50 closed at 23,643.50 (-46.1, -0.2%), BSE Sensex closed at 75,237.99 (-160.7, -0.2%) while the broader Nifty 500 closed at 22,531.15 (-82.0, -0.4%). Market breadth is in the red. Of the 2,733 stocks traded today, 948 were on the uptick, and 1,719 were down.

Indian indices closed lower due to profit booking and the Indian rupee hitting a record low against the US dollar amid rising crude oil prices. The Indian volatility index, Nifty VIX, rose 1% and closed at 18.8 points. Oil marketing companies such as HPCL, BPCL, and IOCL raised petrol and diesel prices by over Rs 3 per litre, marking the first fuel price hike in more than four years due to rising crude oil prices and growing losses.

Nifty Smallcap 100 and Nifty Midcap 100 closed lower. Nifty Metal and Nifty India Defence are among the top index losers today. According to Trendlyne’s sector dashboard, Hardware Technology & Equipment emerged as the worst-performing sector of the day, with a fall of 2.9%.

Asian indices closed lower. European indices are trading mixed. US index futures are trading lower. US President Donald Trump said Chinese President Xi Jinping offered to help the US reopen the Strait of Hormuz, as China wants to keep the key oil trade route stable amid rising Middle East tensions. Brent crude oil futures traded higher after Trump said he was “losing patience” with Iran, fueling fears of a prolonged conflict.

  • Money Flow Index (MFI) indicates that stocks like Welspun Corp, RR Kabel and HFCL are in the overbought zone.

  • Welspun Living rises as its board approves a Rs 252 crore buyback of approximately 1.4 crore equity shares at Rs 175 per share. The company's Q4FY26 net profit and revenue beat Forecaster estimates by 2.2x and 1.2% YoY, respectively.

  • Akums Drugs & Pharmaceuticals is falling as it reports disruptions at its manufacturing units in Haridwar due to labour unrest at the SIDCUL industrial area. The company's Q4FY26 net profit declines 42.7% YoY to Rs 84.6 crore due to higher inventory, employee benefits and finance costs. However, revenue jumps 11.2% to Rs 1,193.2 crore, driven by an improvement in the contract manufacturing segment.

  • Tata Motors Passenger Vehicles is rising sharply as its Q4FY26 net profit beats Forecaster estimates by 108.2% despite falling 31.7% YoY to Rs 5,783 crore, driven by higher sales of premium SUVs and EVs. Revenue declines 11.5% to Rs 1.1 lakh crore due to lower sales on Jaguar Land Rover, tariff impact and lower demand in export markets. It features in a screener of undervalued growth stocks.

  • The Maharashtra government cuts Value Added Tax (VAT) on Aviation Turbine Fuel (ATF) to 7% from 18%, effective May 15. The move comes amid mounting pressure on India’s aviation sector from airspace disruptions, volatile flight schedules and a sharp rise in global jet fuel prices due to tensions in West Asia. The reduction will remain in place for six months till November.

  • Hindustan Zinc falls as silver prices decline after a war-driven rise in US inflation strengthens expectations of higher interest rates.

  • Skipper is rising as it secures orders worth Rs 1,265 crore in the domestic and export markets. The orders relate to 765 kilovolt (kV) and 400 kV lines in India and the supply of towers and monopoles for transmission projects in Latin America.

  • Kalpataru Projects International is rising sharply as it guides for a 15% growth in revenue in FY27 and an order inflow of Rs 30,000 crore, driven by strong demand across segments.

  • Aditi Nayar, Chief Economist at ICRA says the fuel price hike is likely to lead to a mild uptick in CPI inflation, as petrol and diesel together account for 4.8% of India’s CPI basket. She notes that since the increase comes mid-month, only around half of the impact will reflect in May 2026 inflation readings, with the remaining pass-through expected in the following month.

  • Sheela Foam soars over 10% as its Q4FY26 net profit surges 7x YoY to Rs 91.3 crore, supported by the acquisition of Kurlon. Revenue jumps 17.4% to Rs 1,068.4 crore, boosted by healthy demand for mattress and foam in the Indian, Australian and Spanish markets. It appears in a screener of stocks with above line growth and below line valuations.

  • Pitti Engineering's Q4FY26 net profit declines 26.4% YoY to Rs 26.6 crore due to higher employee benefit, finance, and material costs. However, revenue increases 6.9% to Rs 501.1 crore, driven by higher sales in the domestic market during the quarter. The company's board also approves a Rs 290 crore capex to set up a greenfield casting and machined components facility in Telangana.

  • Aditya Birla Capital is rising sharply as it reportedly plans a Rs 4,000-5,000 crore fundraising by issuing equity or other securities through a combination of a preferential issue and a qualified institutional placement (QIP).

  • Flipkart’s much-awaited IPO is reportedly being delayed, with the Walmart-backed e-commerce major now likely targeting a 2028 listing amid a crowded and volatile primary market environment. Reports suggest Walmart has asked Flipkart to pause its listing plans due to an overloaded IPO pipeline, cautious investor sentiment and pressure on valuations.

  • Great Eastern Shipping soars to its all-time high of Rs 1,642.7 as its Q4FY26 net profit surges 2.9x YoY to Rs 1,044.1 crore, driven by lower finance costs and favourable currency movement. Revenue jumps 35.2% to Rs 1,857.2 crore, boosted by strong fleet utilisation and higher charter rates. It features in a screener of affordable stocks with high returns on equity (RoE) and momentum.

  • Welspun Corp hits an all-time high of Rs 1,377.4 as it receives a Rs 700 crore order to supply longitudinal submerged arc welded (LSAW) pipes from its US facility. Its global order book now stands at Rs 25,350 crore (~$2.6 billion).

  • Bagmane Prime Office REIT's shares debut on the bourses at a 3.9% premium to the issue price of Rs 100. The Rs 3,405 crore IPO received bids for 23.7 times the total shares on offer.

  • Data Patterns declines over 3% after guiding FY27 EBITDA margins at 35–40%, significantly lower than the 56% reported in FY26. Motilal Oswal maintained a ‘Neutral’ rating on the stock, noting that consolidated revenue missed its estimate of Rs 400 crore, although EBITDA came in above its Rs 180 crore expectation.

  • Adani Group stocks, including Adani Enterprises, Adani Ports & SEZ and Adani Total Gas, are rising after Group Chairperson Gautam Adani and his nephew Sagar Adani reportedly settle Securities and Exchange Commission (SEC) allegations for $18 million (~Rs 172.7 crore). The SEC had accused them of involvement in a $250 million bribery scheme linked to solar energy contracts in India. Reports also said the US Justice Department is moving to drop related fraud charges against Gautam Adani in a parallel criminal case.

  • Nazara Technologies surges over 16% as 1.8 crore shares (~4.9% stake), worth approximately Rs 486.1 crore, reportedly change hands in block deals. Nikhil Kamath and Axana Estates are the likely buyers, while CEO Nitish Mittersain is the likely seller in the transaction.

  • TD Power Systems is falling as its Q4FY26 EBITDA margin contracts 238 bps YoY due to higher raw materials and employee benefits expenses. However, revenue jumps 66% to Rs 597.3 crore, driven by strong execution in the AC generator segment and higher export demand. The company's board of directors approves a 2-for-1 stock split of equity shares.

  • Oil marketing companies (OMCs) raise petrol and diesel prices by over Rs 3 per litre across major cities, marking the first fuel price hike in more than four years as state-run retailers grapple with mounting losses amid elevated global crude prices. Despite the increase, shares of major OMCs including HPCL, BPCL and IOC remain under pressure in early Friday trade as the hike is lower than expectations.

  • Raghav Productivity Enhancers is falling as the late Rakesh Jhunjhunwala's portfolio sells 6.2 lakh shares in the company for Rs 46.6 crore through a bulk deal at an average price of Rs 754.9 per share. The portfolio held about 20 lakh shares in the company as of Q4FY26, indicating a sale of 31% of its holding.

  • Kirloskar Oil Engines is rising as its board of directors approves a capex of Rs 1,400 crore to expand its manufacturing capacity in Maharashtra by 14.8% to 1.6 lakh engines per annum. The company's Q4FY26 net profit jumps 21% YoY to Rs 158.6 crore, helped by lower finance costs. Revenue grows 20.4% to Rs 2,129.2 crore, fueled by strong demand in the power generation, industrial, and international business segments.

  • Apollo Tyres rises as its net profit surges 3.4x YoY to Rs 631 crore in Q4FY26, supported by a one-time tax gain of Rs 574 crore. Revenue increases 14.2% to Rs 7,335.7 crore, driven by growth in the Truck and Bus Radial (TBR) segment in the domestic market during the quarter. The company appears in a screener of stocks with book value per share improving over the last two years.

  • JSW Steel is rising as its board of directors approves fundraising up to Rs 14,000 crore by issuing equity or other securities. The company's Q4FY26 net profit surges 10.9x YoY to Rs 16,370 crore, driven by a one-time gain of Rs 17,888 crore from the sale of Bhushan Power's steel business. Revenue jumps 14.4% to Rs 51,521 crore, led by strong domestic demand and higher steel prices.

  • Nifty 50 was trading at 23,718.70 (29.1, 0.1%), BSE Sensex was trading at 75,436.24 (37.5, 0.1%), while the broader Nifty 500 was trading at 22,578 (-35.1, -0.2%).

  • Market breadth is in the red. Of the 2,212 stocks traded today, 806 were on the uptrend, and 1,337 went down.

Riding High:

Largecap and midcap gainers today include Tata Motors Passenger Vehicles Ltd. (356.55, 5.3%), Solar Industries India Ltd. (17,314, 3.9%) and United Spirits Ltd. (1,320.70, 3.8%).

Downers:

Largecap and midcap losers today include Muthoot Finance Ltd. (3,311.40, -6.2%), Voltas Ltd. (1,230.70, -4.9%) and Hindustan Aeronautics Ltd. (4,386.20, -4.8%).

Volume Shockers

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

Top high volume gainers on BSE included Sheela Foam Ltd. (604.95, 11.3%), Jaiprakash Power Ventures Ltd. (19.54, 9.4%) and Kirloskar Oil Engines Ltd. (1,740.20, 9.0%).

Top high volume losers on BSE were NAVA Ltd. (628.50, -10.7%), Muthoot Finance Ltd. (3,311.40, -6.2%) and Data Patterns (India) Ltd. (3,876.50, -3.3%).

Great Eastern Shipping Company Ltd. (1,533.90, 3.3%) was trading at 16.2 times of weekly average. Chambal Fertilisers & Chemicals Ltd. (449.90, 6.0%) and Carborundum Universal Ltd. (1,102.40, 6.3%) were trading with volumes 15.1 and 10.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

22 stocks hit their 52 week highs, while 4 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Adani Ports & Special Economic Zone Ltd. (1,795.10, 1.2%), Ajanta Pharma Ltd. (3,177.20, -2.5%) and Aurobindo Pharma Ltd. (1,511.80, 0.1%).

Stocks making new 52 weeks lows included - Apollo Tyres Ltd. (394.50, -1.8%) and United Breweries Ltd. (1,367.80, -1.5%).

23 stocks climbed above their 200 day SMA including Sheela Foam Ltd. (604.95, 11.3%) and Global Health Ltd. (1,242.50, 2.5%). 13 stocks slipped below their 200 SMA including Housing and Urban Development Corporation Ltd. (206.53, -7.5%) and Muthoot Finance Ltd. (3,311.40, -6.2%).

 
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