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Sensex & Nifty Surge: Rupee Strengthens, Asian Markets Rally
22 May
Summary
- Sensex and Nifty closed higher, marking significant gains on May 22, 2026.
- The Indian rupee saw a notable rally against the US dollar.
- Global markets, including Asian and European indices, traded in positive territory.
On May 22, 2026, the Indian stock market experienced a positive trading session, with both the BSE Sensex and NSE Nifty closing higher. The 30-share BSE Sensex advanced by 231.99 points, settling at 75,415.35, while the 50-share NSE Nifty gained 64.60 points to conclude at 23,719.30.
This upward movement was complemented by a strengthening rupee, which rose 0.53% against the US dollar to reach 95.69. This rally in the rupee was significantly influenced by aggressive interventions from the Reserve Bank of India (RBI).
Globally, markets mirrored the positive sentiment, with major Asian indices such as South Korea's Kospi, Japan's Nikkei 225, Shanghai's SSE Composite, and Hong Kong's Hang Seng all ending higher. European markets also traded in positive territory, further bolstering investor confidence.
Several companies announced significant corporate actions and financial results throughout the day. For instance, Sterlite Technologies secured a contract worth an estimated $1.11 billion, while Star Cement reported a substantial increase in its net profit for the quarter ended March 2026. The RBI's decision to pay a record dividend of ₹2.87 lakh crore to the government for FY26 was also a key highlight.
