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India Stocks Rebound: Nifty, Sensex Climb Amidst Global Optimism
15 May
Summary
- Nifty and Sensex saw consecutive gains after a five-day slide.
- Bharti Airtel's strong Q4 FY26 earnings boosted telecom sector sentiment.
- Market participants are closely watching key levels for Nifty's reversal confirmation.
Indian stock markets are stabilizing after a period of volatility, with both the Nifty 50 and Sensex experiencing a recovery on Thursday, May 15, 2026. This marks the second consecutive day of gains following a significant five-session downturn. The rebound was fueled by positive global cues, a decrease in Brent crude oil prices, and strategic buying in large-cap stocks.
Bharti Airtel emerged as a key performer, with its stock surging approximately 4.74% following strong Q4 FY26 financial results. The company reported a 15.7% year-over-year increase in revenue and a 16.9% rise in EBITDA, alongside crossing the 650 million customer milestone and announcing a final dividend of Rs 24 per share.
Technical analysis suggests that the Nifty has recovered its five-day moving average, and the daily RSI is bouncing back from oversold levels. However, analysts emphasize that 23,800 remains a critical resistance zone for Friday's trade, with 23,500 acting as initial support. A decisive close above 23,800 could signal further upward movement towards 24,000.
Banking stocks, particularly HDFC Bank, ICICI Bank, and Kotak Mahindra Bank, will be crucial for sustaining the market momentum. A close above 55,000 for the Bank Nifty would indicate the end of the recent sell-off in the banking sector. Meanwhile, IT stocks lagged despite Nasdaq's record highs, making HCL Technologies a contrarian play. ONGC remains a defensive bet with favorable upstream profitability and dividend yield.
