Stock Market Today: The Indian stock markets witnessed a sharp rally on Thursday, with key benchmark indices Sensex and Nifty 50 surging over 1 per cent each to extend gains for a second consecutive session despite persistent global and domestic headwinds.

The positive momentum was also driven by value buying in telecom, pharma and private banking shares.

The 30-share BSE Sensex rallied 789.74 points, or 1.06 per cent, to end the session at 75,398.72. The index opened higher but slipped into negative territory in late morning deals. However, value buying in telecom and banking shares helped the barometer pare losses and later jump more than 1,000 points to a high of 75,681.88.

Extending gains to the second day, the 50-share NSE Nifty climbed 277 points, or 1.18 per cent, to finish at 23,689.60.

Stock Market Today, May 14- Quick Highlights

• Markets recovers sharply from day's low
• Nifty 50 advances for the second straight session and recovers ~250 points of day's low
• Adani enterprises and Cipla were the top gainer
• Infosys and Tech mahindra lead losses
• Nifty Midcap advances for the 2nd consecutive session mainly led by tata communications and KEI Industries
• Nifty Smallcap corrects 1% off day's and closed flat
• Kaynes Tech and GRSE were the top loser of smallcap index
• Kaynes Tech down 20% after reporting a weak numbers
• Nifty Bank snap 4 session losing streak mainly led by HDFC Bank and BOB
• Except IT all major sector closed in green
• Nifty pharma top sectoral gainer gains for the second straight session mainly led by Cipla and Zydus life sciences
• Pharma index register biggest intraday gains in 3 months
• Nifty metal hit a record high advance for the 2nd consecutive session
• Adani ent and Vedanta were the top gainer of metal index
• Nifty PSU snaps 5 session losing streak up ~1.5% Bank of baroda and Bank of India lead gains
• Nifty realty snaps 4 session losing streak mainly led by DLF and oberoi realty
• Nifty Auto index snap 4 session losing streak M&M and bosch gains most
• Nifty Energy and FMCG advances for the 2nd consecutive session
• Nifty IT top sectoral loser decline for the 4th straight session
• IT Index register biggest losing streak in 2 months
• Except Wipro all the constituents of the index are in red
• BSE-listed companies added mcap of around 5 lk cr

Sensex Today: Top gainers and losers

From the Sensex firms, Bharti Airtel emerged as the biggest gainer, rallying over 5 per cent after the telecom carrier's annual revenue crossed the Rs 2 lakh crore mark for the first time.

Eternal rose by 3.32 per cent while HDFC Bank advanced 2.67 per cent, emerging as the major contributor to the Sensex gains. Adani Ports, Sun Pharmaceuticals, Bajaj Finance, Mahindra & Mahindra, NTPC, Kotak Mahindra Bank, Titan, Trent, UltraTech Cement, ITC and State Bank of India were among the other gainers.

On the other hand, Infosys, Tech Mahindra, HCL Technologies, Tata Consultancy Services, Hindustan Unilever, Axis Bank and Maruti Suzuki India ended lower.

Sachin Gupta, VP - Research, Technical Research, at Choice Broking Private Limited, said, "Indian equity benchmark Nifty index witnessed a Positive close on 14th May 2026. The index opened with a strong gap-up of 117.65 points at 23,530.25, reflecting positive sentiment at the start of the session. However, the index witnessed some selling pressure in the initial few minutes, registering its intraday low of 23,426.55. Thereafter, strong buying interest emerged, helping the index recover sharply and climb steadily towards its intraday high of 23,777.20. The index eventually settled at 23,689.60, gaining 277 points or 1.18% for the session."

"On the daily timeframe, Nifty formed a Morning Doji Star candlestick pattern, which is generally considered a bullish reversal formation. This indicates that buying interest has emerged from lower levels and suggests a possibility of further recovery if the index sustains above crucial resistance levels," he said.

From a technical perspective, Gupta said the immediate support is placed in the 23,450-23,500 zone, while resistance is seen in the 23,900-23,950 range. "The Relative Strength Index (RSI) stands at 45.86, indicating improving momentum though it still remains below the stronger bullish zone. The volatility index, India VIX, declined by 4.18% to 18.61, indicating easing volatility and improving market confidence. In the derivatives segment, notable call writing was observed at the 23,800 and 23,700 strikes, while put writing was concentrated at the 23,500 and 23,600 strikes, indicating a broader recovery sentiment with support shifting higher," the analyst stated.

Sectorally, buying interest was visible across several sectors including Pharma, Healthcare, Metal, Financial Services, PSU Banks, and Private Banks, while selective weakness persisted in the IT space. Market breadth improved considerably with advancing stocks outnumbering declining stocks, indicating broader market participation in the recovery, Gupta added.

• 20 Day EMA - 23,903.96
• 50 Day EMA - 24,098.80
• 100 Day EMA - 24,481.22
• 200 Day EMA - 24,690.95

"The Bank Nifty index opened with a gap-up of 183.35 points at 53,639.50, indicating positive sentiment in the banking space. After opening, the index witnessed mild selling pressure in the early part of the session and registered its intraday low of 53,191.60. However, strong buying interest emerged thereafter, especially during the latter half of the session, pushing the index sharply higher towards its intraday high of 54,393.75. The index eventually settled at 54,128.95, gaining 672.80 points or 1.26%. On the daily timeframe, Bank Nifty formed a Morning Doji Star candlestick pattern, indicating a potential bullish reversal from lower levels. The formation suggests that buyers are attempting to regain control after the recent corrective phase," Gupta said.

"From a technical perspective, immediate support is placed in the 53,400-53,500 zone, while resistance is observed in the 54,700-54,800 range. The Relative Strength Index (RSI) stands at 43.79, indicating recovery in momentum though the index still trades below the stronger bullish threshold. Indian equity markets witnessed a strong recovery session after recent weakness, supported by broad-based buying across key sectors. Both Nifty and Bank Nifty formed bullish reversal candlestick formations on the daily timeframe, indicating improving sentiment at lower levels. The decline in India VIX along with improved market breadth further supported the positive undertone in the market. Going forward, sustained movement above immediate resistance levels will be crucial for confirming further upside momentum," Gupta concluded.

Sectoral indices today

Sector-wise, Nifty Pharma was the top gainer, rising 2.74 per cent, followed by the Nifty Healthcare Index, which advanced 2.56 per cent. The Nifty Metal index also climbed 2.04 per cent.

Banking counters also moved higher, with the Nifty PSU Bank index rising 1.37 per cent and the Nifty Private Bank index gaining 1.16 per cent.

On the other hand, Nifty IT was the top sectoral laggard, declining 2 per cent amid selling pressure in technology stocks. Key IT counters, including HCL Tech, Infosys, Tata Consultancy Services (TCS) and Tech Mahindra, witnessed losses during the session.

In Asian markets, Shanghai's SSE Composite index and Japan's Nikkei 225 benchmark ended lower, while Hong Kong's Hang Seng settled flat. However, South Korea's Kospi closed higher.

European equity markets traded in positive territory. Wall Street ended mostly higher on Wednesday.

Brent Crude, the global oil benchmark, rose nearly 1 per cent to USD 106.48 per barrel.

The rupee fell to a low of 95.73 against the US dollar due to high crude oil prices and foreign fund outflows.

Foreign Institutional Investors (FIIs) sold equities worth Rs 4,703.15 crore on Wednesday, while Domestic Institutional Investors (DIIs) purchased stocks for Rs 5,869.05 crore, according to exchange data.

On Wednesday, the 30-share BSE Sensex rose 49.74 points to settle at 74,608.98. The 50-share NSE edged higher by 33.05 points to end at 23,412.60.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)