Stock Market Today: Sensex Jumps 790 Pts on Bond Tax Cut Reports; Nifty Above 23,650
Sensex jumps 790 points while Nifty hits 23,689. Markets rally on reports of bond tax cuts for foreign investors and positive cues from the Trump-Xi summit. Read why IT stocks fell again.
May 14, 2026, Indian Stock Market Today | The Indian equity benchmarks, BSE Sensex and Nifty 50, extended their recovery for a second straight session on Thursday, May 14, 2026.
Despite the Rupee hitting a record low, markets soared on reports of potential tax cuts for foreign bond investors and easing global trade tensions.
At the Closing Bell:
- BSE Sensex: Jumped 789.74 points to close at 75,398.72
- Nifty 50: Rose 277.00 points to settle at 23,689.60
- Nifty Bank: Climbed 672.80 points to finish at 54,128.95
Why Did the Indian Stock Market Rise Today?
1. Reported Tax Cuts for Foreign Bond Investors
Sentiment shifted after a Bloomberg report suggested the Finance Ministry is considering a significant tax reduction for foreign investors on Indian bonds.
This move, reportedly recommended by the RBI, aims to arrest the Rupee's slide by attracting massive capital inflows.
2. Trump-Xi Summit
Global cues turned positive following the Trump-Xi summit, which hinted at expanded economic cooperation between the US and China.
This geopolitical de-escalation provided the "risk-on" trigger needed for Asian markets to rebound.
3. Broad-based Buying
All sectors ended in the green except IT, which fell 2%, marking its fourth consecutive day of losses. The "OpenAI disruption" narrative continues to weigh heavily on tech heavyweights.
Deep Dive: Why are IT Stocks Falling? Analysis of the OpenAI Impact
Rupee: Asia’s Worst Performer in 2026
The Indian Rupee (INR) touched a fresh historic low of 95.96/$ before settling at 95.76/$.
The currency's struggle—now officially Asia's worst-performing currency this year—is the primary driver behind the government's urgency to slash bond taxes.
Market Snapshot: Indices at a Glance
Key Nifty Indices
Sectoral Performance
Nifty Gainers & Losers
Technical Analysis: Nifty & Bank Nifty Levels
NIFTY 50: Opened 117.65 points higher at 23,530.25, reached a high of 23,777.20 and closed at 23,689.60.
The index formed a bullish candle with minor shadows on both sides, indicating a positive trend amid volatility.
- Immediate Support: 23,600
- Immediate Resistance: 23,800
BANK NIFTY: Opened 183.35 points higher at 53,639.50, reached a high of 54,393.75 and closed at 54,128.95.
The index formed a bullish candle with shadows on both sides and also closed above the previous day's high.
- Immediate Support: 53,900
- Immediate Resistance: 54,400
Top Trending Stocks Today
- Balaji Amines: Stock hit the 20% upper circuit after Q4 profit surged 58% to ₹63.2 crore, while revenue grew 12% YoY to ₹394.8 crore.
- Cipla: Stock rose over 8% despite a 55% drop in Q4 profit, as strong domestic performance and positive management guidance boosted investor sentiment. Read more: Cipla Q4 Results 2026: In-Depth Analysis & Outlook
- Matrimony: Stock gained more than 3% as Q4 profit rose 19% to ₹9.71 crore, with revenue increasing 8% YoY to ₹116.83 crore.
World Markets, Crude & Gold Prices
- Global Equities: Asian markets were mixed on Thursday, while European stocks rose, led by tech gains, though concerns over stalled US-Iran peace talks and the US-China summit kept sentiment cautious.
- Crude Oil: Oil prices remained stable, with Brent crude at $105.93 per barrel and US WTI futures at $100.87 per barrel.
- Gold Prices: The yellow metal stayed steady as investors focused on the US-China summit, while also factoring in rising US inflation driven by higher energy costs amid Middle East tensions.
Also Read: Why India Hiked Gold Import Duty to 15%
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