Indian equities snapped a nearly four-session losing streak on Thursday, May 14, as buyers returned to beaten-down large-cap stocks and global cues improved. The BSE Sensex ended at 75,398.72, up 789.74 points or 1.06%, while the NSE Nifty 50 closed at 23,689.60, rising 277 points or 1.18%.

Market recovery

The rebound came after the recent correction had dragged benchmark indices lower for four straight sessions, creating room for value buying. Traders also positioned themselves ahead of the weekly Sensex expiry, which added some intraday volatility but did not stop the broader recovery.

The recovery was broad-based, with financials, healthcare, pharma and metals leading the advance. On the other hand, IT stocks remained under pressure and capped the breadth of the rally.

Bharti Airtel was one of the key stocks behind the market’s move after its quarterly earnings and dividend announcement drew buying interest. Financial heavyweights also supported the indices, with HDFC Bank among the major gainers. Investors appeared to be rotating into names that had corrected sharply over the previous sessions.

Global sentiment also helped. Wall Street closed stronger overnight, while markets in Asia took cues from the Trump-Xi meeting, keeping trade-related optimism in play. The broader risk tone improved enough to support Indian equities even as concerns around crude and global growth remained in the background.

Among individual stocks, Adani Enterprises was the biggest Nifty gainer, rising 8.85% to ₹2,719. Cipla gained 8.09% to ₹1,435, Bharti Airtel climbed 5.24% to ₹1,883, Eternal rose 3.18%, and Hindalco advanced 2.88%. Dr. Reddy’s Laboratories added 2.84%, while HDFC Bank gained 2.73%.

On the losing side, IT stocks were the main drag. Infosys fell 2.58% to ₹1,094.10, Tech Mahindra declined 2.33% to ₹1,343, HCL Technologies slipped 1.69% to ₹1,123.90, and TCS dropped 1.01% to ₹2,249.90. Coal India also fell 1.17%, while HUL, Nestle India and Tata Consumer ended weaker.

Sectoral trend

Sectorally, pharma and healthcare were the strongest performers, followed by metals and financial services. Private banks and PSU banks also contributed to the rise, while auto, FMCG and realty ended in the green. Nifty IT was the clear laggard and extended its weakness for a fourth straight session.

The sector split showed a clear rotation out of technology and into defensive and domestically oriented names. That helped the benchmarks recover even though one major index remained under pressure.

India VIX ended 4.18% lower at 18.61, while Brent crude stayed above the $105-a-barrel mark as traders tracked developments in the US-Iran situation and any fresh signals from Washington. Market participants were also watching Trump’s visit to Beijing, where he is accompanied by at least 12 top executives from major US conglomerates.