T
Trendlyne Marketwatch
19 May 2026
Market closes lower as rupee falls to record low
By Trendlyne Analysis

 

Nifty 50 closed at 23,618 (-32.0, -0.1%), BSE Sensex closed at 75,200.85 (-114.2, -0.2%) while the broader Nifty 500 closed at 22,521.75 (60.7, 0.3%). Market breadth is in the green. Of the 2,723 stocks traded today, 1,745 showed gains, and 927 showed losses.

Indian indices closed lower as the Indian rupee hit an all-time low against the US dollar. The Indian volatility index, Nifty VIX, fell 4.9% and closed at 18.7 points. Oil marketing companies such as Hindustan Petroleum Corporation and Bharat Petroleum Corporation surged after the government raised petrol and diesel prices by around Rs 0.9 per litre. This marks the second fuel price hike in the past week.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher. BSE Focused IT and Nifty IT are among the top index gainers today. According to Trendlyne’s sector dashboard, Software & Services emerged as the best-performing sector of the day, with a rise of 2.7%.

Asian indices closed mixed. European indices are trading higher, except for Russia’s RTSI and MOEX. US index futures are trading lower. US President Donald Trump said he halted fresh strikes on Iran following requests from Gulf nations, adding that serious negotiations are underway. However, he said the US military remains prepared to launch a full-scale attack if no agreement is reached. Iranian state media also reported that Tehran had sent a new peace proposal to the US.

  • Money Flow Index (MFI) indicates that stocks like Pine Labs, Lenskart Solutions and ACME Solar Holdings are in the oversold zone.

  • Zydus Lifesciences is rising sharply as its board of directors approves a buyback of 95.7 lakh shares worth Rs 1,100 crore at a price of Rs 1,150 per share. The company's Q4FY26 net profit jumps 8.7% YoY to Rs 1,272.5 crore, driven by inventory destocking and favourable currency movements. Revenue climbs 16.8% to Rs 7,721.2 crore, boosted by strong traction in the pharmaceuticals, consumer products and medical technologies segments.

  • Dhanuka Agritech surges over 10% as its board approves a Rs 70 crore buyback of approximately 5 lakh equity shares at Rs 1,400 per share, sets record date as March 29.

  • Advait Energy Transitions is rising as it signs a memorandum of understanding (MoU) with Norway-based TECO Fuel Cell Technology AS to develop hydrogen fuel cell technology and strengthen India’s green energy ecosystem.

  • IRDAI is likely to give Prudential Plc 12–18 months to dilute its 12% stake in ICICI Prudential Life Insurance. Sources add that ICICI Bank may acquire around 2% stake, while the remaining holding could be sold through block deals. Separately, Standard Chartered is likely to exit its partnership with ICICI Prudential Life Insurance and may enter a new distribution tie-up with Bharti Life Insurance, according to sources.

  • Bharat Forge signs a memorandum of understanding (MoU) with the Andhra Pradesh government to set up India’s first private-sector marine gas turbine repair, overhaul and development facility in Visakhapatnam. The facility, to be developed within the Andhra Pradesh Defence Manufacturing Corridor, aims to strengthen India's naval self-reliance under the Aatmanirbhar Bharat initiative.

  • JK Paper is rising sharply as its Q4FY26 net profit jumps 20.7% YoY to Rs 92 crore, led by lower input costs and higher realisations. Revenue grows 14.8% to Rs 1,968.5 crore, fueled by strong demand across segments. It features in a screener of stocks outperforming their industries over the past month.

  • Transformers & Rectifiers (India) is rising as it secures an order worth Rs 175 crore from Bhanwariya Infra Projects to manufacture four transformers and five reactors, along with related work.

  • IndusInd Bank denies allegations of insider trading, accounting discrepancies and evergreening raised in a whistleblower complaint amid regulatory scrutiny. Reports say that SEBI and the National Financial Reporting Authority are examining the matter, including alleged treasury accounting irregularities and delayed audit findings. The complaint seeks a wider probe into governance, audit oversight, and possible insider trading-linked issues at the private lender.

  • Afcons Infrastructure falls as it reports a net loss of Rs 88.4 crore in Q4FY26 compared to a net profit of Rs 110.9 crore in Q4FY25, due to higher construction and finance costs. Revenue decreases 18.9% YoY to Rs 2,613.8 crore amid slower project execution on major domestic contracts and delayed commencement of new orders during the quarter. The company appears in a screener of stocks with declining ROE over the past two years.

  • Indian Oil Corp is rising sharply as its Q4FY26 net profit soars 78% YoY to Rs 14,458.1 crore, supported by lower raw materials, employee benefits and finance costs. Revenue jumps 6.9% to Rs 2.1 lakh crore, led by higher traction in the petroleum products, petrochemicals and gas segments. It features in a screener of undervalued growth stocks.

  • ICICI Bank falls as 2 crore shares (~0.3% stake), worth around Rs 2,410 crore, reportedly change hands in block deals at an average price of Rs 1,234 per share.

  • BSE is rising sharply as the company will reportedly be included in the Nifty 50 index, effective September 30. Reports suggest that the company will replace Wipro in the index.

  • South Indian Bank cuts its marginal cost of lending rate (MCLR) by 5 bps across all tenures, effective May 20. The revised MCLR now ranges from 7.95% to 9.45%.

  • Lupin rises as it receives a tentative US FDA approval for its abbreviated new drug application (ANDA) for Revefenacin inhalation solution. The drug is used to treat chronic obstructive pulmonary disease (COPD) and had an estimated annual sales of $260.7 million in FY26, according to IQVIA.

  • KPI Green Energy is rising sharply as its subsidiary, Sun Drops Energia, enters an agreement with Gujarat Urja Vikas Nigam (GUVNL) to develop a 120 MW battery energy storage system (BESS) in the state.

  • Nomura downgrades Vodafone Idea to a 'Neutral' rating from 'Buy', with a target price of Rs 12.6 per share. This indicates a potential downside of 5.9%. The brokerage believes that a near-term fundraise will be key to retaining subscribers and raising average revenue per user (ARPU).

  • Blue Jet Healthcare is rising sharply as its board of directors schedules a meeting for May 25 to consider a proposal for a fundraise through a preferential issue, qualified institutional placement (QIP) or other modes.

  • Adani Enterprises rises after agreeing to a $275 million settlement with the US Treasury Department’s Office of Foreign Assets Control (OFAC). The settlement resolves potential civil liability linked to 32 alleged violations of US sanctions on Iran. The company purchased liquefied petroleum gas from a Dubai-based trader, with the cargoes later found to have originated from Iran.

  • Astral is falling sharply as its Q4FY26 net profit misses Forecaster estimates by 10.1% despite growing 18.8% YoY to Rs 213 crore due to higher raw materials, employee benefits and finance costs. Revenue jumps 24.6% to Rs 2,105.8 crore, driven by improvements in the plumbing and paints & adhesives segments. It shows up in a screener of stocks with an increasing trend in non-core income.

  • Oil marketing stocks like Hindustan Petroleum Corp and Bharat Petroleum Corp are rising as the Government raises petrol prices by Rs 0.87 per litre and diesel by Rs 0.91 per litre. This is the second hike in the past week.

  • BLS E-Services enters a share purchase agreement to acquire Atyati Technologies for Rs 156.8 crore. The company's Q4FY26 net profit grows 9% YoY to Rs 14.7 crore, helped by lower finance and depreciation & amortisation expenses. Revenue jumps 34.1% to Rs 328.9 crore, led by expansion in digital services and higher transaction volumes.

  • Timken India's board of directors approves the merger of Timken GGB Technology with itself. The company's Q4FY26 net profit declines 16.8% YoY to Rs 158.3 crore due to higher inventory and employee benefits expenses. However, revenue jumps 12.9% to Rs 1,090.6 crore, thanks to strong demand in industrials and railways, higher exports and better execution in the bearings segment.

  • Eicher Motors plans to invest around Rs 2,500 crore in a greenfield facility at Tada (Tirupati), Andhra Pradesh, after receiving approval for a 215.7-acre land parcel from the state government. Earlier, in February, the company announced a Rs 958 crore investment to expand capacity at its Cheyyar facility in Tamil Nadu. The expansion is expected to increase the company’s total annual production capacity to around 20 lakh units.

  • DOMS Industries is rising as its net profit grows 17.1% YoY to Rs 56.7 crore in Q4FY26, helped by lower finance costs. Revenue increases 18.7% to Rs 604 crore, driven by higher sales in the stationery and hygiene products segments during the quarter. The company appears in a screener of stocks with an increasing trend in non-core income.

  • Nifty 50 was trading at 23,734.80 (84.9, 0.4%), BSE Sensex was trading at 75,441.27 (126.2, 0.2%), while the broader Nifty 500 was trading at 22,536.60 (75.6, 0.3%).

  • Market breadth is highly positive. Of the 2,176 stocks traded today, 1,438 showed gains, and 663 showed losses.

Riding High:

Largecap and midcap gainers today include IDBI Bank Ltd. (73.56, 5.8%), Vodafone Idea Ltd. (13.52, 5.1%) and Infosys Ltd. (1,196.90, 4.8%).

Downers:

Largecap and midcap losers today include Astral Ltd. (1,448.90, -6.3%), Berger Paints (India) Ltd. (507.70, -3.2%) and Torrent Power Ltd. (1,480.30, -2.8%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Angel One Ltd. (328, 7.9%), Mastek Ltd. (1,660.90, 7.0%) and Triveni Turbine Ltd. (638.05, 6.9%).

Top high volume losers on BSE were Astral Ltd. (1,448.90, -6.3%), Maharashtra Scooters Ltd. (11,519, -3.1%) and Capri Global Capital Ltd. (182.39, -2.1%).

Brainbees Solutions Ltd. (221.40, 2.1%) was trading at 9.5 times of weekly average. BASF India Ltd. (3,760, -1.9%) and Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (545.95, 5.2%) were trading with volumes 7.3 and 6.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

16 stocks hit their 52 week highs, while 4 stocks hit their 52 week lows.

Stocks touching their year highs included - Ajanta Pharma Ltd. (3,248.20, 1.1%), Aurobindo Pharma Ltd. (1,512.80, 0.8%) and Biocon Ltd. (428.15, 0.5%).

Stocks making new 52 weeks lows included - Apollo Tyres Ltd. (373, -0.6%) and KEC International Ltd. (469.40, -3.7%).

19 stocks climbed above their 200 day SMA including Tata Technologies Ltd. (668.55, 6.2%) and Cera Sanitaryware Ltd. (5,800, 4.3%). 15 stocks slipped below their 200 SMA including Astral Ltd. (1,448.90, -6.3%) and Berger Paints (India) Ltd. (507.70, -3.2%).

 
More from Trendlyne Marketwatch
More from Trendlyne Analysis
Recommended
Market opens flat, HCL Tech's net profit jumps 11% QoQ in Q2
Trendlyne Marketwatch | 13 Oct 2026, 10:06AM
IPO pipeline gets a big-ticket boost as Zetwerk lines up Rs 5,012 crore issue
| 12 Oct 2026, 05:42PM
Market closes flat as investors turn cautious after Trump’s Iran sanctions announcement
Trendlyne Marketwatch | 21 Aug 2026