Share Market Today: Sensex, Nifty End Lower as Rupee Breaches 96.50/$

Indian Stock Market Today | The Indian equity benchmarks, BSE Sensex and Nifty 50, gave up early gains in a volatile session on Tuesday, May 19, 2026.

Markets initially surged on optimism over a paused U.S. military attack against Iran. However, this early upswing evaporated late in the day as profit-booking in heavyweights like HDFC Bank, Reliance and Bharti Airtel dragged indices into the red.

At the Closing Bell:

• BSE Sensex: Fell 114.19 points to close at 75,200.85
• Nifty 50: Slipped 31.95 points to settle at 23,618
• Nifty Bank: Declined 127.85 points to finish at 53,409.15

Broader Markets Outperform

Market breadth remained firmly in favour of advances.

• Nifty Midcap 100: Rose 0.9%
• Nifty Smallcap 100: Jumped 1.2%

Top 4 Market Triggers from Today's Session

1. Trump Pauses Iran Strike

Markets initially leaped after U.S. President Donald Trump announced he had paused a planned military strike following a peace proposal from Tehran.

Trump noted there is now a "very good chance" of a deal limiting Iran's nuclear program.

2. Crude Hovers Above $110

While oil prices edged slightly lower on Trump's remarks, Brent crude stubbornly held above $110 a barrel.

The key Strait of Hormuz remains effectively closed, keeping Indian inflation and trade deficit worries front and center.

3. Rupee Crashes Past 96.50/$

The Indian Rupee (INR) hit another historic low, breaching the 96.50 mark to settle at an all-time low of 96.53/$.

Currently Asia's worst-performing currency in 2026, the Rupee’s freefall is sparking fears of further FII outflows and aggressive monetary tightening by the RBI.

4. IT Index Rallies for 3rd Straight Day

The Nifty IT index closed higher for the third straight session, with all 10 of its constituents finishing in the green.

The sector's resilience comes at a vital time as global tech trends brace for Nvidia's highly anticipated earnings later this week.

Market Snapshot: Indices at a Glance

Key Nifty Indices

Sectoral Performance

Nifty Gainers & Losers

Technical Analysis: Nifty & Bank Nifty Levels

NIFTY 50: Opened 25.35 points higher at 23,675.30, reached a high of 23,782.30 and closed at 23,618.

The index formed a bearish candle with an upper shadow, indicating weakness and selling pressure at higher levels.

• Immediate Support: 23,550
• Immediate Resistance: 23,700

BANK NIFTY: Opened 16.75 points higher at 53,553.75, reached a high of 53,770.65 and closed at 53,409.15.

The index formed a small-bodied red candle with an upper wick, indicating weak directional conviction and subdued price action.

• Immediate Support: 53,100
• Immediate Resistance: 53,700

Top Trending Stocks Today

• Puravankara: Stock surged over 9% after the company reported a sharp turnaround in Q4, posting a profit of ₹110 crore compared with a loss of ₹88 crore last year.
• JK Paper: Stock rose almost 7% after Q4 profit increased 36% YoY to ₹90.2 crore. Revenue grew 17% YoY to ₹1,966 crore.
• GNFC: Stock gained over 5% after Q4 profit rose 88% YoY to ₹396 crore. Revenue increased 7% YoY to ₹2,208 crore.

World Markets, Crude & Gold Prices

• Asian Equities: Ended mixed with South Korea under heavy pressure while Hong Kong and China closed higher.
• European Shares: Advanced as investors welcomed news that the U.S. had paused a planned attack on Iran after Tehran’s latest peace proposal, raising hopes of a possible deal.
• Crude Oil: Brent crude futures held above $110.50 per barrel, while U.S. WTI remained largely flat at $108.70 per barrel.
• Gold Prices: The yellow metal declined on ‌Tuesday, hovering near a one-and-a-half-month low hit amid inflation concerns and expectations of higher U.S. interest rates.

Also Read: Why India Hiked Gold Import Duty to 15%

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