Sensex Today | Stock Market Highlights: Market momentum returns – Nifty ends above 24,000, Sensex climbs over 1,000 points

The Indian domestic indices ended Monday’s trading session with strong gains

The Sensex rallied 1,073.61 points, or 1.42%, to close at 76,488.96, while the Nifty surged 312.40 points, or 1.32%, to settle above the crucial 24,000 mark at 24,031.70.

The Indian benchmark indices extended their gains in late trade, with the Sensex surging 1,058.96 points, or 1.40%, to 76,474.31, while the Nifty climbed 309.85 points, or 1.31%, to trade at 24,029.15.

"Markets have rallied today post a sharp correction in Brent crude oil prices following the hopes of a peace deal that is likely to be signed between USA and Iran to end the West Asia conflict. Brent crude price corrected below the psychological mark of $100/barrel. Cool off in US Bond yield and the Dollar index has also contributed to the rally," Sunny Agrawal - Head of Fundamental Research at SBI Securities

"However, some caution is still warranted till the signing of the actual agreement," he added.

Also read: 3 reasons why the market is rallying today: Nifty hovers near 24,000, Sensex jumps 1%

The domestic equity markets maintained momentum in the afternoon trade. The Nifty 50 was up 276 points or 1.16% to trade at 23,994, while the BSE Sensex surged 943 points or 1.24% to trade at 76,350.

Eicher Motors, Adani Enterprises, Tata Motors Passenger Vehicles, Wipro, and Larsen & Toubro were the top gainers in the Nifty 50.

The FMCG sector bucks the trend in the storn market. All the sectoral indices were trading in the green while the Nifty FMCG was down 0.30%. The share price of Colgate Palmolive fell the most, dropping over 2%. It was followed by Varun Beverages, Godrej Consumer products, Nestle India, Dabur India, etc.

Hindalco Industries shares dropped 2.44% to a low of Rs 1,082.10 on the NSE after it reported a sharp drop in its bottom line for the fourth quarter of FY26. However, the domestic brokerage house raised its target price on the stock and maintained a ‘Buy’ rating as operating performance came higher than expectations, led by Novelis. JM Financial raised the target price on Hindalco Industries to Rs 1,310 from Rs 1,210, implying an upside of 18% from the current market price. The EBITDA performance came higher than expectations, which was driven by Rs 1,200 crore outperformance in Novelis - largely optical, as $577 million of fire-related losses were booked below the EBITDA line.

At this hour, healthcare major Max Healthcare Institute emerged as the top loser among frontline stocks, slipping over 2%. Metal major Hindalco Industries also remained under pressure, falling more than 2% in intraday trade.

Among other laggards, oil and gas major Oil and Natural Gas Corporation declined nearly 2%, while pharma heavyweight Sun Pharmaceutical Industries traded lower by around 0.6%.

Auto major Bajaj Auto, information technology giant Infosys and FMCG player Nestle India also traded in the red.

The share price of Eicher Motors surged 5.5% to a high of Rs 7,388.50 on the NSE. The stock was the top gainer in the Nifty 50. The raise in the stock price came on the back of a 11.58% increase in its consolidated net profit to Rs 1,519.95 crore for the March quarter of FY26. A year back, the company had recorded a net profit of Rs 1,362.15 crore. Its revenue from operations rose 16% to Rs 6,080.09 crore in Q4 FY26 as against Rs 5,241.11 crore a year ago.

In the intraday trade, the Nifty index traded higher, rising 1.47%.

Among the key gainers, Eicher Motors surged 5.24%, followed by Ashok Leyland up 2.90%, Mahindra & Mahindra gaining 2.10%, Uno Minda rising 2.17%, and Tata Motors Passenger Vehicles advancing 2.17%.

On the losing side, Bajaj Auto slipped 0.91%, while Samvardhana Motherson International declined 0.29% during the session.

In the intraday trade, the Indian domestic markets remained firmly in the green, with the Sensex rising 904.90 points or 1.20% to 76,320.25, while the Nifty climbed 255.60 points or 1.08% to trade near the 24,000 mark at 23,974.90.

At this hour, gains were led by Eternal, which advanced 2.50%, followed by Larsen & Toubro up 2.42%, HDFC Bank rising 2.30%, Mahindra & Mahindra gaining 2.24%, and Kotak Mahindra Bank adding 1.94%.

On the other hand, a few stocks remained under pressure, with Sun Pharmaceutical Industries slipping 0.08%, while Tata Consultancy Services declined 0.15% in the session.

Also read: Hindalco share drops 2%: Why JM Financial raises target despite 51% Q4 profit slump

"For positional traders, the 50-day SMA or 23,600 would act as an immediate support zone. As long as the market remains above this level, positive sentiment is likely to continue. On the upside, 23,850 could act as immediate resistance for bulls. A successful breakout above 23,850 could take the market towards 24,000–24,200. Conversely, if the market breaks below 23,600, sentiment could change. Below this level, the index could retest the 23,400–23,300 levels. Further declines could continue, taking the index towards 23,150," said Shrikant Chouhan, Head of Equity Research at Kotak Securities.

At this hour, Larsen & Toubro gained 2.65%, followed by HDFC Bank up 2.15%, Mahindra & Mahindra rising 2.00%, InterGlobe Aviation advancing 2.00%, Kotak Mahindra Bank adding 1.80%, and Eternal climbing 1.69%.

"We are starting the week on a positive note. Crude has dipped by $5 to below $100 on expectations that US and Iran are close to a deal. The market will wait and watch for clarity and certainty since many similar expectations have been belied since the start of the war. If this expected deal holds and crude drifts down, that can turn out to be turning point for the market," said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments.

"Another positive trend is the better-than-expected Q4 results. An important trend to note is the impressive growth of most digital platform companies. The market has been rewarding performance," he added.

Indian equity indices opened Monday's trade on a higher note as geopolitical tensions are likely to easeout. This led the crude oil prices drop sharply, falling over 5%, cheering D-Street. The Nifty 50 opened 25 points or 1.05% higher at 23,969, while the BSoE Sensex surged 850 points or 1.13% to open at 76,265.

Indian benchmark indices indicated a strong start in pre-market trade on Wednesday, with the Sensex rising 681.19 points, or 0.90%, to 76,096.54, while the Nifty gained 257.40 points, or 1.09%, to 23,976.70.

Several stocks are expected to remain in focus on May 28, including NTPC, Hindalco Industries, Eicher Motors, Torrent Pharmaceuticals, Colgate-Palmolive (India) and Divi's Laboratories amid company-specific developments and market activity.

Newly listed and upcoming IPO-linked names such as Tata Capital, Lenskart, LG Electronics, Meesho, ICICI Prudential AMC and Groww may also attract investor attention.

"Last week, benchmark indices experienced volatile trading. For the week, the Nifty closed 64 points higher, while the Sensex was up 232 points. Among sectors, the IT and Digital indices performed well: the IT index rose 4.25 percent, and the Digital index gained 2.75 percent. However, the Media index fell the most, falling over 4 percent," said Shrikant Chouhan, Head Equity Research, Kotak Securities.

"During the week, the market witnessed range-bound activity. On the downside, it found support near 23,400/74500, while it faced resistance near 23,850/75900. Technically, a bullish candle has formed on the weekly charts, and on the daily charts, it is seeing positive consolidation near the 50-day SMA (Simple Moving Average)," added Chouhan.

Furthermore, he noted, "For positional traders, the 50-day SMA or 23,600/75100 would act as an immediate support zone. As long as the market remains above this level, positive sentiment is likely to continue. On the upside, 23,850/75900 could act as immediate resistance for bulls. A successful breakout above 23,850/75900 could take the market towards 24,000–24,200/76400–77000."

"Conversely, if the market breaks below 23,600/75100, sentiment could change. Below this level, the index could retest the 23,400–23,300/74500–74200 levels. Further declines could continue, taking the index towards 23,150/73800," he noted.

For the last two weeks, we had preferred to view the index future positioning of FIIs positively, despite volatility. While there has not been significant changes along volatility in indices, the long short ratio of FII’s index futures has risen to 13. 9, a mild increase from 12.4 seen on the previous day. Consequently, the rise in NIfty has also been very modest.

Also read: Market Watchlist - FII long-buildup sets stage for Nifty breakout; Private Banks lead, FMCG lags

Foreign institutional investors (FII) were the net sellers of shares worth Rs 4,440.47 crore. On the other hand, the Domestic institutional investors (DIIs) were the net buyers of shares worth Rs 6,003.53 crore on May 22, 2026, according to the provisional data available on the NSE.

In India, the silver rate fell 1.18% to Rs 2.71 lakh per kilogram. On COMEX, Silver prices traded 3.58% higher at $78.93 per troy ounce. Silver had surged to record highs in January amid geopolitical tensions and economic uncertainty, with heavy speculative buying pushing prices higher, but soon faced volatility.

The rate for 24-carat gold today is Rs 1,59,060 per 10 grams. The price of gold has fallen by 0.66% from yesterday. The 24 kt gold rate today in Delhi is Rs 1,58,790 per 10 grams. The 18-carat gold price today in India is Rs 1,19,295. The 24-carat gold rate in Dubai today is Rs 1,49,590. On COMEX, the precious metal was trading at a price of Rs 4,574.70 an ounce, up 1.14%.

The US Dollar Index (DXY), which measures the dollar's value against a basket of six foreign currencies, was trading down 0.27% at 98.97. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee appreciated 0.53% to close at 95.69 to the dollar on May 22.