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Trendlyne Marketwatch
22 May 2026
Market closes higher on hopes of a US-Iran peace deal
By Trendlyne Analysis

 

Nifty 50 closed at 23,719.30 (64.6, 0.3%), BSE Sensex closed at 75,415.35 (232.0, 0.3%) while the broader Nifty 500 closed at 22,651.30 (48.5, 0.2%). Market breadth is horizontal. Of the 2,750 stocks traded today, 1,348 were in the positive territory and 1,333 were negative.

Indian indices closed in the green amid hopes of a US-Iran peace deal. The Indian volatility index, Nifty VIX, remained flat and closed at 17.8 points. Varun Beverages rose to a new 52-week high of Rs 540.3 as it extended its exclusive bottling and trademark license agreement with PepsiCo in India until April 2049.

Nifty Midcap 100 closed flat, while Nifty Smallcap 100 closed lower. Nifty Private Bank and S&P BSE Private Banks Index were among the top index gainers today. According to Trendlyne’s Sector dashboard, Telecommunications Equipment emerged as the best-performing sector of the day, with a rise of 2.6%.

Asian indices closed higher, while European indices are trading higher, except Russia’s MOEX & RTSI indices. US index futures traded higher as the US and Iran signalled progress in talks to end the Middle East conflict, though tensions persisted over Tehran’s enriched uranium stockpile and control of shipping through the Strait of Hormuz. US Secretary of State Marco Rubio said there were ‘good signs’ of a possible agreement, but warned that a deal would be ‘unfeasible’ if Iran sought permanent control over shipping in the Strait.

  • Relative Strength Index (RSI) indicates that Vodafone Idea is in the overbought zone.

  • Info Edge (India) is rising as its net profit grows 22.1% YoY to Rs 565.8 crore in Q4FY26, helped by an exceptional items gain of Rs 70 crore. Revenue increases 15.9% to Rs 869 crore, driven by higher sales in the recruitment solutions segment during the quarter. The company appears in a screener of stocks with increasing ROA over the past two years.

  • Varun Beverages rises to a new 52-week high of Rs 540.3 as it extends its exclusive bottling and trademark license agreement with PepsiCo in India by 10 years until April 2049. The revised agreement also removes a clause that previously restricted the company from pursuing businesses beyond PepsiCo operations, giving the company greater operational flexibility.

  • Va Tech Wabag is rising as it secures an order worth Rs 100-250 crore from Delhi Jal Board (DJB) to set up a 17 million gallons per day (MGD) water treatment plant. The company's Q4FY26 net profit climbs 28.9% YoY to Rs 128.3 crore, boosted by lower finance costs. Revenue increases 23.9% to Rs 1,446.3 crore, thanks to strong execution and a richer project mix.

  • Elara Capital maintains a 'Buy' rating on Emami with a lower target price of Rs 550. The brokerage attributes the revision to a 3.9% YoY decline in Q4 revenue, driven by a weak summer season and West Asia supply chain disruptions. However, it notes 11% growth in Emami’s domestic summer portfolio. Management expects double-digit growth in Navratna and Dermicool in H1FY27.

  • Honasa Consumer soars to its 52-week high of Rs 402.8 as its Q4FY26 net profit surges 2.8x YoY to Rs 69.2 crore, driven by inventory sales and lower depreciation & amortisation expenses. Revenue jumps 21.9% to Rs 676 crore, fueled by strong momentum across segments and channels. It features in a screener of stocks with rising net profit margins QoQ and trailing twelve-month (TTM).

  • Godrej Properties awards three orders worth Rs 1,100 crore with Tata Projects for construction work across Godrej's Sora, Astra and Samaris projects in Gurgaon.

  • LTM's wholly-owned UK subsidiary signs an agreement to acquire the Technology and Consulting Services business of Randstad for up to €160 million (around Rs 1,782 crore) to expand its footprint in Europe and Australia.

  • According to DGCA data, India’s international aviation market saw foreign airlines gain market share in Q1CY26 as Indian carriers lost passengers amid disruptions from the West Asia conflict. International passenger traffic fell 1.2% YoY to 1.9 crore, impacted by airspace disruptions, higher fares and operational constraints. Passenger traffic on foreign carriers rose by nearly 7 lakh to 1.1 crore, while Indian carriers saw traffic decline by 8.7 lakh to 80.9 lakh.

  • Life Insurance Corp of India is rising as its Q4FY26 net profit jumps 23.3% YoY to Rs 23,467.2 crore, led by a provision writeback and shift toward high-margin non-participating products. Revenue increases 14.5% to Rs 2.8 lakh crore, thanks to higher annualised premium equivalent (APE) and higher demand across segments. It features in a screener of stocks with high trailing twelve-month (TTM) EPS growth.

  • Indian Overseas Bank's board of directors approves a Rs 5,000 crore fundraise by issuing equity through a follow-on public offer (FPO), rights issue or other modes.

  • Alembic Pharmaceuticals is rising as it receives US FDA approval for its abbreviated new drug application (ANDA) for Levothyroxine Sodium tablets. The drug is used to treat thyroid conditions. It had an estimated market size of $1.9 billion for the year ending March 2026, according to IQVIA.

  • According to a Wood Mackenzie report, a prolonged closure of the Strait of Hormuz could drive crude oil prices up to $200 per barrel and potentially trigger a global recession. The report warns that uncertainty around the Strait is threatening supply chains and could have severe economic consequences. It adds that more than 11 million barrels per day of Gulf crude and condensate production has been curtailed, while over 80 million tonnes per annum of LNG supply, nearly 20% of global supply, is being impacted.

  • Tara Investments acquires 3 crore shares of Energy Infrastructure Trust for Rs 231.3 crore through a block deal at an average price of Rs 76.1 per share. Rapid Holdings 2 Pte sold the shares.

  • MTAR Technologies surges to its all-time high of Rs 8,449.5 as it receives purchase orders worth $48.7 million (~Rs 467.3 crore) from an international client.

  • One97 Communications (Paytm) is falling as 86 lakh shares (~1.3% stake), worth approximately Rs 964 crore, reportedly change hands in a block deal at a floor price of Rs 1,120.7 per share. Saif Partners is the likely seller in the transaction.

  • Ola Electric founder and chairman Bhavish Aggarwal says the company is witnessing a recovery after months of restructuring and operational corrections aimed at addressing service issues, weak deliveries and supply-chain disruptions. He says Q4 revenue remained subdued due to lower deliveries, but expects demand to recover, with Q1FY27 orders likely to reach 40,000–45,000 units and revenue projected at Rs 500–550 crore.

  • Allied Blenders & Distillers' board of directors appoints Amar Sinha as the Managing Director (MD) and Chief Executive Officer (CEO) for three years, succeeding Alok Gupta, effective June 1.

  • Adani Total Gas is rising as its board of directors appoints Sanjay Pandita as the Chief Executive Officer (CEO), succeeding Suresh P Manglani, effective May 22.

  • Reliance Power's board of directors approves a Rs 9,000 crore fundraise by issuing equity or other securities through a qualified institutional placement (QIP) or other modes. However, the company reports a net loss of Rs 494 crore in Q4FY26 compared to a net profit of Rs 125.6 crore a year ago due to higher fuel, employee benefits and finance costs. Revenue declines 5.8% YoY to Rs 1,946.3 crore, caused by lower power generation.

  • Dalmia Cement, a subsidiary of Dalmia Bharat, signs a Business Transfer Agreement to acquire the cement assets of Jaiprakash Associates (JAL) from the Adani Group for Rs 2,580 crore. The acquisition raises Dalmia Bharat’s cement capacity to 54.7 MnTPA. JAL was recently acquired by the Adani Group through an insolvency resolution process.

  • Happy Forgings touches its 52-week high of Rs 1,490 as its Q4FY26 net profit jumps 23.6% YoY to Rs 83.6 crore, driven by a shift toward high-value precision forged parts. Revenue climbs 18.8% to Rs 429.9 crore, boosted by strong demand and execution for forged and machined components. The company's board of directors approves the development of a 250 MW solar power project for captive use with a capex of Rs 120 crore.

  • Max Healthcare Institute is falling sharply as its Q4FY26 net profit misses Forecaster estimates by 15.4% despite growing 7.3% YoY to Rs 342.2 crore due to higher raw materials, inventory, employee benefits, consultancy fees, and finance costs. Revenue jumps 12% to Rs 2,190.7 crore, helped by higher patient occupancy and growth in international patients. The company's board of directors approves setting up Phase I of Max Super Specialty Hospital with 712 beds and a capex of Rs 1,400 crore.

  • Transformers & Rectifiers (India) is rising as it secures an order worth Rs 228.3 crore from Gujarat Energy Transmission Corporation (GETCO) to manufacture six transformers and two reactors, along with related work.

  • FSN E-Commerce Ventures (Nykaa) is rising as its net profit grows 286.5% YoY to Rs 78.4 crore in Q4FY26, helped by inventory destocking and lower finance costs. Revenue increases 28.4% to Rs 2,648.2 crore, driven by higher sales in the beauty segment during the quarter. The company appears in a screener of stocks with zero promoter pledge.

  • Nifty 50 was trading at 23,693.50 (38.8, 0.2%), BSE Sensex was trading at 75,260.39 (77.0, 0.1%), while the broader Nifty 500 was trading at 22,628.80 (26.0, 0.1%).

  • Market breadth is in the green. Of the 2,164 stocks traded today, 1,219 were gainers and 863 were losers.

Riding High:

Largecap and midcap gainers today include Astral Ltd. (1,541.70, 4.2%), Dixon Technologies (India) Ltd. (11,722, 4.1%) and Varun Beverages Ltd. (539.45, 3.8%).

Downers:

Largecap and midcap losers today include Max Healthcare Institute Ltd. (1,023.25, -6.2%), Aurobindo Pharma Ltd. (1,463.50, -5.4%) and L&T Technology Services Ltd. (3,419.30, -4.7%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Minda Corporation Ltd. (574.65, 7.0%), Honasa Consumer Ltd. (384.35, 6.6%) and Deepak Fertilisers & Petrochemicals Corporation Ltd. (1,473.90, 6.5%).

Top high volume losers on BSE were Engineers India Ltd. (216, -8.9%), Central Bank of India (31.27, -7.8%) and Max Healthcare Institute Ltd. (1,023.25, -6.2%).

Rashtriya Chemicals & Fertilizers Ltd. (130.78, 4.3%) was trading at 20.4 times of weekly average. 3M India Ltd. (33,315, 3.5%) and Life Insurance Corporation of India (812.95, 1.6%) were trading with volumes 11.6 and 10.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

15 stocks hit their 52 week highs, while 3 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Apollo Hospitals Enterprise Ltd. (8,362.50, 0.7%), Grasim Industries Ltd. (3,155.30, 0.0%) and Hindalco Industries Ltd. (1,109.20, 0.9%).

Stocks making new 52 weeks lows included - Central Bank of India (31.27, -7.8%) and United Breweries Ltd. (1,315.20, -1.2%).

26 stocks climbed above their 200 day SMA including Sheela Foam Ltd. (638.50, 7.2%) and Minda Corporation Ltd. (574.65, 7.0%). 8 stocks slipped below their 200 SMA including Max Healthcare Institute Ltd. (1,023.25, -6.2%) and Alkem Laboratories Ltd. (5,404.50, -1.8%).

 
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