Sensex Gains Over 400 Points, Nifty Crosses 23,800 Despite Global Market Pressure
Indian stock markets trade higher for the third consecutive session as IT stocks lead gains, even amid rising oil prices, a weaker rupee, and weakness in Asian markets.
Mumbai, May 15, 2026: Indian benchmark stock indices traded in positive territory on Friday morning, extending gains for the third straight session despite rising crude oil prices, a weakening rupee, and mixed global cues.
The BSE Sensex climbed more than 400 points, while the Nifty 50 moved above the 23,800 mark, supported by strong buying in information technology (IT), media, telecom, FMCG, auto, pharmaceutical, and healthcare stocks. Market sentiment remained broadly positive, with IT stocks emerging as top performers. Shares of major technology firms such as HCL Technologies and Tata Consultancy Services gained up to 2%, helping lift overall indices.
However, selective profit booking was visible in sectors such as oil & gas, metals, real estate, and PSU banking stocks. Analysts noted that the weakness was limited and did not indicate broad-based selling pressure.
Among top gainers, Sheela Foam surged over 16%, while Great Eastern Shipping Company, Delta Corp, and United Spirits posted healthy gains. Shares of Tata Motors Passenger Vehicles also rallied despite reporting a decline in quarterly profit.
On the downside, stocks such as Housing and Urban Development Corporation and EPL Limited witnessed losses during morning trade.
Global market sentiment remained cautious as concerns over rising oil prices and inflation persisted. Asian markets, including Japan’s Nikkei and Hong Kong’s Hang Seng index, traded lower, while rising energy costs increased fears of prolonged higher interest rates in major economies.
Meanwhile, the Indian rupee weakened by 11 paise, opening at 95.87 against the US dollar, adding to investor caution. Rising crude oil prices amid geopolitical tensions in the Middle East also remained a key concern for market participants.
Market experts believe investors are closely watching possible government measures to support the rupee and attract foreign capital. Analysts also noted that recent increases in petrol, diesel, and CNG prices indicate a cautious fiscal approach by the government in response to rising global energy costs.
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