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Trendlyne Marketwatch
20 May 2026
Market closes higher as crude prices ease
By Trendlyne Analysis

 

Nifty 50 closed at 23,659 (41, 0.2%), BSE Sensex closed at 75,318.39 (117.5, 0.2%) while the broader Nifty 500 closed at 22,578.15 (56.4, 0.3%). Market breadth is balanced. Of the 2,728 stocks traded today, 1,345 showed gains, and 1,327 showed losses.

Indian indices closed higher after paring early losses as crude prices eased below $110 per barrel. The Indian volatility index, Nifty VIX, fell 1.3% and closed at 18.4 points. Zee Entertainment closed 5.4% lower after reporting a net loss of Rs 102.4 crore in Q4FY26 versus a profit last year due to a one-time expense related to movie rights inventory.

Nifty Smallcap 100 closed flat, while Nifty Midcap 100 closed higher. BSE Power and BSE Capital Goods are among the top index gainers today. According to Trendlyne’s sector dashboard, Oil & Gas emerged as the best-performing sector of the day, with a rise of 2.3%.

Asian indices closed mixed. European indices are trading with varied trends. US index futures are trading higher. Investors await the FOMC meeting minutes due later today for signals on future interest rates and the Federal Reserve’s policy outlook. Brent crude futures are trading lower after Donald Trump said the Iran war could end “very quickly”. Hopes of easing supply disruptions also rose after two oil tankers passed through the Strait of Hormuz.

  • Relative Strength Index (RSI) indicates that Laurus Labs is in the overbought zone.

  • Rail Vikas Nigam emerges as the lowest bidder (L-1) for a contract worth Rs 129.5 crore from North Eastern Railway to upgrade electric traction power supply infrastructure in the Varanasi–Prayagraj section.

  • Samvardhana Motherson International is rising as its Q4FY26 net profit jumps 46.2% YoY to Rs 1,497.1 crore, driven by a richer product mix and utilisation. Revenue grows 9.2% to Rs 34,309.3 crore, boosted by higher content per vehicle, strong demand and a diversified global customer base. It features in a screener of stocks with prices above their short, medium and long-term moving averages.

  • Pace Digitek is rising as it receives an order worth Rs 264.7 crore from Bharat Sanchar Nigam (BSNL) to develop and maintain the BharatNet middle-mile network in the Sikkim Telecom Circle.

  • The United Nations lowers India’s GDP growth forecast for 2026 to 6.4% from its earlier estimate of 6.6%, citing global uncertainties and economic disruptions stemming from the ongoing West Asia crisis. Economist Ingo Pitterle says India is not insulated from global challenges but remains one of the world’s fastest-growing major economies.

  • Shivalik Bimetal Controls soars to its 52-week high of Rs 681.4 as its Q4FY26 net profit jumps 23.8% YoY to Rs 26.1 crore, led by inventory destocking. Revenue increases 22.3% to Rs 166 crore, fueled by capacity expansion and higher demand for EV, smart metering, & industrial applications. It features in a screener of stocks outperforming their industries in the past quarter.

  • Balaji Amines surges as it expands its specialty chemicals capacity with a 1 lakh tonne per annum Dimethyl Ether (DME) plant at its Solapur facility. The plant helps the company enter the clean fuel segment and diversify its product portfolio. The company says the plant will manufacture gas used in LPG blending and aerosol applications.

  • Mangalore Refinery & Petrochemicals is rising as it secures an order from the Petroleum and Natural Gas Regulatory Board (PNRGB) to construct a 2.5 million metric tonnes per annum (MMTPA) aviation turbine fuel (ATF) pipeline for Bengaluru Airport.

  • Manoj Sanghvi, CEO of Ratnamani Metals & Tubes expects standalone revenue of around Rs 4,800 crore in FY27, with margins improving to 16–17%, driven by a recovery in pipeline orders, steady demand for stainless steel, and growth in newer segments such as pipe spooling and bearings.

  • Omaxe receives an investment worth Rs 75 crore from WSB Partners to fund its residential projects in Ujjain and Indore.

  • Tata Communications rises sharply as its board of directors appoints Ganapathi S. Lakshminarayanan as the Managing Director (MD) and Chief Executive Officer (CEO) for five years, effective May 20.

  • PI Industries is falling sharply as its Q4FY26 net profit declines 39.4% YoY to Rs 200.2 crore due to higher employee benefits and depreciation & amortisation expenses. Revenue decreases 11.8% to Rs 1,640.8 crore, caused by pricing pressure and weakness in the agrochemicals business. It shows up in a screener of stocks with declining net cash flows.

  • Nomura maintains a 'Buy' rating on GE Vernova T&D India with a higher target price of Rs 5,030. The company’s management expects exports to exceed Rs 4,500 crore in FY27, up from Rs 1,200 crore in FY26. The brokerage notes that, unlike earlier upcycles, the current export order book is diversified across the United States, Europe, the Middle East, and Australia, indicating a more sustainable trend.

  • BLS International is rising sharply as its Q4FY26 net profit climbs 31.6% YoY to Rs 177.8 crore, driven by lower finance costs. Revenue jumps 17.7% to Rs 845 crore, thanks to improvements in the visa & citizen services segments, and expansion in the government services platforms. It features in a screener of stocks with high trailing twelve-month (TTM) EPS growth.

  • Dredging Corp of India soars over 10% as management guides for a 23.5% revenue growth in FY27, driven by robust project execution and deliveries. The company reports a net profit of Rs 86.9 crore in Q4FY26 compared to a net loss of Rs 24.6 crore a year ago, thanks to lower depreciation & amortisation expenses. Revenue surges 73% YoY to Rs 480.1 crore, fueled by higher vessel utilisation and better contract activity.

  • Zee Entertainment Enterprises plunges as it reports a net loss of Rs 102.4 crore in Q4FY26 compared to a net profit of Rs 188.4 crore in Q4FY25, driven by a one-time accounting charge on movie rights inventory. Revenue decreases 7.3% YoY to Rs 2,024.8 crore due to weak advertising revenue as Middle East tensions prompt clients to reduce marketing spending during the quarter. The company appears in a screener of stocks with an increasing trend in non-core income.

  • Motilal Oswal retains a 'Buy' rating on IGL with a target price of Rs 220. The brokerage says the company delivered better-than-expected operational performance despite elevated gas procurement costs during the quarter. It adds that rising compressed natural gas volumes and the continued expansion of piped natural gas adoption will support earnings growth over the next two financial years.

  • Anand Rathi retains its 'Buy' rating on Greenpanel Industries, with a target price of Rs 320 per share. This indicates a potential upside of 74.1%. The brokerage believes that the company's earnings will grow sharply over the medium term, driven by strong pricing power, ramp-up in medium-density fibreboard volumes and margins. It expects the firm's EBITDA to grow at a CAGR of 86.3% over FY27-28.

  • Fine Organic Industries is rising as its board of directors approves acquiring an 80% stake in Oleofine Organics for Rs 82.9 crore. The company's Q4FY26 net profit jumps 21% YoY to Rs 117.5 crore, driven by inventory destocking. Revenue climbs 4.3% to Rs 659.9 crore, thanks to higher export demand and improved realisations in the specialty oleochemical additives segments.

  • Borosil is falling sharply as its Q4FY26 net profit declines 4.9% YoY to Rs 10.6 crore due to higher raw materials, employee benefits and depreciation & amortisation expenses. However, revenue grows 7.1% to Rs 291.8 crore, driven by higher exports, demand for consumer products and scale-up of scientific & industrial glassware. The company's board of directors approves a Rs 250 crore fundraise through a further public offer (FPO) or other modes.

  • Nuvama expects Trent to be dropped from the BSE Sensex 30 during the June 2026 index reshuffle, citing a relative decline in its free-float market capitalisation after recent underperformance. The exclusion could trigger passive outflows of nearly $257 million. The brokerage believes Hindalco and Shriram Finance are the leading candidates to replace the stock.

  • Mankind Pharma is rising sharply as its Q4FY26 net profit climbs 31.7% YoY to Rs 554.4 crore, led by lower finance and depreciation & amortisation expenses. Revenue jumps 6.8% to Rs 3,557.2 crore, thanks to demand for chronic therapies and ramp-up of consumer healthcare. It features in a screener of stocks with high momentum scores.

  • FIEM Industries is falling as its Chief Executive Officer (CEO), Vineet Sahni, tenders his resignation, effective May 19.

  • Karnataka Bank is rising as its net profit surges 61.7% YoY to Rs 408.2 crore in Q4FY26, helped by lower employee costs. Revenue remains flat at Rs 2,257.3 crore, as growth in corporate banking is offset by weakness in retail banking during the quarter. The bank's asset quality improves as its gross and net NPAs decline by 30 bps and 33 bps YoY, respectively.

  • Bharat Petroleum Corp is falling as its Q4FY26 net profit declines 21.8% QoQ to Rs 5,624.5 crore due to higher raw materials, inventory, staff & finance costs and a one-time loss of Rs 4,349 crore on upstream assets. Revenue remains flat at Rs 1.2 lakh crore, caused by lower realisations. It shows up in a screener of stocks near their 52-week lows.

  • Nifty 50 was trading at 23,459.90 (-158.1, -0.7%), BSE Sensex was trading at 74,806.49 (-394.4, -0.5%), while the broader Nifty 500 was trading at 22,355.10 (-166.7, -0.7%).

  • Market breadth is overwhelmingly negative. Of the 2,172 stocks traded today, 531 showed gains, and 1,560 showed losses.

Riding High:

Largecap and midcap gainers today include Siemens Energy India Ltd. (3,459.60, 9.4%), Tata Communications Ltd. (1,775.60, 7.8%) and GE Vernova T&D India Ltd. (4,679.40, 6.7%).

Downers:

Largecap and midcap losers today include PI Industries Ltd. (2,901.20, -7.2%), Mahindra & Mahindra Financial Services Ltd. (309, -3.3%) and LTM Ltd. (4,144.90, -2.6%).

Volume Rockets

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

Top high volume gainers on BSE included Siemens Energy India Ltd. (3,459.60, 9.4%), Eris Lifesciences Ltd. (1,458.20, 9.1%) and Tata Communications Ltd. (1,775.60, 7.8%).

Top high volume losers on BSE were PI Industries Ltd. (2,901.20, -7.2%), C.E. Info Systems Ltd. (911.95, -5.7%) and Vedant Fashions Ltd. (415.05, -3.9%).

Godawari Power & Ispat Ltd. (305.85, 5.3%) was trading at 29.8 times of weekly average. PCBL Chemical Ltd. (292.65, 7.0%) and BLS International Services Ltd. (268.40, 2.4%) were trading with volumes 28.8 and 21.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

15 stocks overperformed with 52 week highs, while 4 stocks hit their 52 week lows.

Stocks touching their year highs included - Aurobindo Pharma Ltd. (1,517.50, 0.3%), Biocon Ltd. (432.70, 1.1%) and Zydus Lifesciences Ltd. (1,040.85, 2.2%).

Stocks making new 52 weeks lows included - Apollo Tyres Ltd. (375.90, 1.1%) and United Breweries Ltd. (1,349.90, 0.1%).

13 stocks climbed above their 200 day SMA including Tata Communications Ltd. (1,775.60, 7.8%) and International Gemological Institute Ltd. (352.30, 5.9%). 16 stocks slipped below their 200 SMA including Bharat Electronics Ltd. (413.30, -2.3%) and Avenue Supermarts Ltd. (4,144.20, -2.2%).

 
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