Sensex Extends Recovery into Second Session

2026-05-14 04:31 By Jereli Escobar 1 min. read

India’s BSE Sensex edged up about 0.3% to 74,808 on Thursday, extending its rebound from the previous session as investors returned to beaten-down stocks following the recent market pullback.

The rebound was largely seen as a technical recovery driven by oversold conditions rather than a major shift in overall market sentiment, amid elevated crude oil prices.

Investors were also awaiting a planned US-China meeting for signals on global oil supply dynamics, which could influence India’s inflation outlook and equity sentiment.

Among gainers, NLC India climbed about 11.5% after reporting a sharp rise in Q4 FY26 earnings, with net profit nearly tripling year-on-year, while MTAR Tech jumped 8.8% after receiving purchase orders worth $238.76 million.

Adani (+5%), Cipla (+5.1%), and Texrail (+5.7%) also advanced, while Kaynes Tech posted losses of 16.2%, as JPMorgan downgraded the stock and cut its price target, signaling reduced expectations for the company’s future performance.



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Sensex Extends Recovery into Second Session
India’s BSE Sensex edged up about 0.3% to 74,808 on Thursday, extending its rebound from the previous session as investors returned to beaten-down stocks following the recent market pullback. The rebound was largely seen as a technical recovery driven by oversold conditions rather than a major shift in overall market sentiment, amid elevated crude oil prices. Investors were also awaiting a planned US-China meeting for signals on global oil supply dynamics, which could influence India’s inflation outlook and equity sentiment. Among gainers, NLC India climbed about 11.5% after reporting a sharp rise in Q4 FY26 earnings, with net profit nearly tripling year-on-year, while MTAR Tech jumped 8.8% after receiving purchase orders worth $238.76 million. Adani (+5%), Cipla (+5.1%), and Texrail (+5.7%) also advanced, while Kaynes Tech posted losses of 16.2%, as JPMorgan downgraded the stock and cut its price target, signaling reduced expectations for the company’s future performance.
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