150 companies report Q4 results today
150 companies report Q4 results today Most eyes on Grasim, Apollo, Motherson But here's what's really happening → IT beat expectations → Banking missed the mark → FMCG stayed flat Sector rotation is real Check which bucket your holdings fall into before results drop Today's li
Market Snapshot — Close
Day Change
Overview
Domestic flows rescued the tape from a third straight session of FII selling — DIIs absorbed ₹3,801.68 crore while foreigners pulled ₹2,457.49 crore, and the Sensex still closed green. The non-obvious read: rising global bond yields and a sturdy dollar are quietly capping the upside, even as IT carried the index on rupee weakness rather than any real demand re-rating.
What Moved
- Sensex closed at 75,687, up 0.49%, lifted by IT heavyweights as a softer rupee improved offshore earnings translation and DII buying mopped up FII supply.
- Nifty 50 closing print data unavailable in today's search results, but the broader-index direction tracked the Sensex green close as technology outweighed drag from metals and power.
- Bank Nifty data unavailable — flow data suggests banks were a relative laggard as global yields rose and lifted funding cost expectations into the next RBI MPC window.
- India VIX data unavailable, though the muted index move alongside heavy two-way institutional flow is consistent with volatility staying compressed near recent lows.
Sector Watch
- IT outperformed on rupee depreciation tailwinds and resilient deal commentary — Infosys led large-cap tech buying.
- Pharma drew defensive bids as global risk appetite wobbled on rising yields — Sun Pharma was among the steady gainers.
- FMCG firmed up modestly as DIIs rotated into low-beta names — Hindustan Unilever caught a bid into the close.
- Metals underperformed: a stronger dollar capped LME prices and Tata Steel and Hindalco dragged, with China demand worries still unresolved.
- Power lagged on profit-booking after a strong run, with NTPC and Tata Power seeing distribution at higher levels.
Global Context
S&P 500, DXY, and Brent crude levels are data unavailable in today's search returns. The transmission is nonetheless visible in the tape: rising global bond yields and sustained dollar strength drove the ₹2,457 crore FII outflow, pressured metals via softer commodity complex pricing, and simultaneously gifted IT a translation tailwind via a weaker rupee.
What to Watch Tomorrow
- Nifty support at the 50-DMA cluster near 24,400; resistance at recent swing high 24,850 — a break below 24,400 opens room for a re-test of 24,200, while a close above 24,850 confirms the IT-led leg has follow-through.
- RBI weekly forex reserves print due Friday, 22 May 2026 — street is watching whether reserves draw is widening alongside DXY strength, a signal for the rupee path and FII appetite.
- FII flow threshold: a fourth consecutive day above ₹2,000 crore in net outflows would mark the worst weekly tally since the April reset and pressure metals and private banks first.