Stock Market Live May 21: Sensex jumps over 500 points as easing oil prices lift market sentiment

Commodities update: Stock Market Live: Crude oil edges up on US-Iran uncertainty; MCX crude gains over 1% in early trade

Crude oil futures traded marginally higher on Thursday morning due to uncertainty over efforts to end the war between the US and Iran. At 9.09 am on Thursday, July Brent oil futures were at $105.79, up by 0.29 per cent, and July crude oil futures on WTI (West Texas Intermediate) were at $99.11, up by 0.11 per cent. June crude oil futures were trading at ₹9565 on Multi Commodity Exchange (MCX) during the initial hour of trading on Thursday against the previous close of ₹9463, up by 1.08 per cent, and July futures were trading at ₹9220 against the previous close of ₹9128, up by 1.01 per cent.

Stock Market Live: Nifty eyes breakout above 23,670; targets 23,900–24,430 if momentum sustains

Anand James, Chief Market Strategist, Geojit Investments Limited.

The turn higher evolved yesterday without having to stretch all the way to 23300, the lower band of the seven-day old trading range. This points to eager buyers, and encourages us to play for a breakout move aiming 23900-24430. This assumes that a close above 23670-730 will unfold shortly. Downside marker may be pushed higher to 23600

BL Interview: India has an edge in AI infrastructure readiness: HPE

India has an edge in AI infrastructure readiness: HPE

India leads in AI infrastructure readiness, positioning itself as a key player in the APJ region’s evolving AI landscape.

Economy updates: Core sector growth hits two-month high at 1.7% in April driven by steel, cement and power

Core sector growth rises to two-month high of 1.7% in April led by steel and cement

India’s core sector output rose to a two-month high of 1.7% in April, led by steel, cement and electricity, though five sectors contracted.

Financial markets update: Bessent says high bond yields, energy prices are ‘transient,’ will ease as Iran war ends

Bessent says high bond yields, energy prices are ‘transient,’ will ease as Iran war ends

Bessent predicts high bond yields and energy prices will ease as the Iran conflict subsides, viewing current inflation as transient.

Stock market live updates: OpenAI-makers of ChatGPT, preparing to file for an IPO in coming weeks: Report

OpenAI-makers of ChatGPT, preparing to file for an IPO in coming weeks: Report

OpenAI plans to file for an IPO soon, intensifying the AI industry’s competition amid rising valuations and public scrutiny.

Share market live: Adani Power signs deals to acquire Jaiprakash power assets

Adani Power has signed definitive agreements with Jaiprakash Associates to acquire a 24% stake in Jaiprakash Power Ventures and JAL’s 180 MW thermal power plant at Churk under the NCLT-approved resolution plan. The deal also includes JAL’s 11.49% stake in Prayagraj Power Generation Company Ltd. 

Stock market live: Global bits

North America: Rising oil-driven inflation fears pushed U.S. bond yields higher, delayed Fed rate-cut expectations to 2027, and pressured Wall Street despite resilient housing data.

United Kingdom: Inflation eased temporarily, but analysts warned energy shocks from the Iran war could reignite household cost pressures later in 2026.

Europe: Bond yields climbed across Europe amid global inflation concerns, while energy companies benefited from elevated oil prices despite weaker growth outlooks.

Japan: Manufacturing sentiment improved slightly, but higher energy costs and Hormuz disruptions continued weighing on broader business confidence.

China: Investor sentiment recovered modestly after renewed U.S.-China engagement, with foreign investment flows showing early signs of improvement.

Asia-Pacific: Economies across the region faced rising energy costs, refining disruptions, and supply-chain stress linked to the Strait of Hormuz crisis.

Russia: Russia sharply downgraded its 2026 growth outlook as sanctions, war pressures, and tighter financial conditions outweighed benefits from high oil prices.

Brazil: Brazil’s central bank warned inflation expectations were worsening and avoided policy guidance due to uncertainty from Middle East tensions.

Source: Reuters

Stock Market Live: Modest fuel price hikes may nudge inflation higher; further increases possible if crude stays above $100

Rajeev Sharan, Head of Research, Brickwork Ratings 

“India’s two recent fuel price hikes mark a notable shift after four years of relative stability, and they are likely to have a meaningful signalling effect on inflation expectations. Even so, the increase remains modest in global terms, with India’s retail fuel prices still among the lowest across both developed and developing economies. If crude oil continues to trade above USD 100 per barrel, further calibrated increases in domestic fuel prices cannot be ruled out over the coming months. The broader macroeconomic impact will extend beyond transport, as higher fuel costs feed into logistics, input prices, and eventually retail inflation. The risk is less about a sharp one-off jump and more about a gradual, second-round pass-through into goods and services pricing, especially if elevated crude persists.”

Stock Market Live: Asia-Pacific markets rally as falling yields and lower oil prices lift investor sentimen

Asia-Pacific shares took cues from Wall Street’s rally, driven by falling yields and lower oil prices as investors grew hopeful of a resolution to the Middle East conflict: ASX 200 (+1.45%), Nikkei 225 (+2.83%), KOSPI (+4.59%)

Share market live: ALL-TIME HIGH BREAKOUT ALERT as on May 20

Today, these 6 stocks closed above their lifetime highs, signaling strong momentum and sustained buying interest:

🔥Laurus Labs 

🔥Hitachi Energy 

🔥Man Industries

🔥Sakar Healthcare 

🔥Avalon Technologies 

🔥Kwality Pharmaceuticals 

US Stocks: Wall St climbs 1% with chip stocks rallying before Nvidia results

Wall Street’s main indexes rallied more than 1% on Wednesday, bouncing back from a three-day selloff with a boost ‌in sentiment from technology and chip stocks, which rose ahead of Nvidia’s quarterly results.

ndexes up: Dow 1.31%, S&P 500 1.08%, Nasdaq 1.55% – Reuters

Global updates: TurboTax parent Intuit to cut 3,000 jobs as AI pressure reshapes tax business

TurboTax parent Intuit to cut 3,000 jobs as AI pressure reshapes tax business

Intuit misses revenue estimates and cuts 17% of workforce as AI disruption hits tax business, while expanding AI partnerships and restructuring operations.

Share market live: Nvidia beats quarterly estimates as AI chip demand drives record revenue

Nvidia beats earnings estimates as AI chip demand drives record revenue growth

Nvidia beats Wall Street estimates with revenue up 85% as AI chip demand surges, driven by booming AI infrastructure and strong future revenue outlook.

WATCH: Today’s stock recommendation

Commodities update: Wind and solar generate more electricity than gas globally for first time in April

Wind and solar overtake gas in global electricity generation for first time in April

Wind and solar generated more electricity than gas globally in April for the first time, marking a major milestone in the world’s clean energy transition.

Stock market live: India’s coal stock position remains comfortable even as power demand sets new record

India’s coal stock position comfortable as power demand hits new record

India’s power demand hit a record 265 GW while coal stocks remained stable, with Delhi also seeing its highest-ever electricity demand at 8,039 MW.

Sectoral updates: High-level meeting chaired by Kumaraswamy accelerates India’s e-bus and e-truck adoption

India accelerates electric bus and truck adoption with stakeholder consultation

India pushes electric mobility with e-buses and e-trucks focus as Heavy Industries Ministry holds consultation on financing, infrastructure and rollout plans.

Results preview: ITC likely to report muted Q4 performance as cigarette revenue faces tax pressure

ITC Q4 outlook weakens; cigarette business seen under pressure from higher GST

ITC is likely to report muted Q4FY26 results as cigarette revenue faces tax pressure, while FMCG growth remains strong despite agri sector weakness.

Stock market updates: Lenskart to invest ₹53 crore to increase stake in Owndays and Singapore arm

Lenskart to invest ₹53 crore to increase stake in Owndays and Singapore arm

Lenskart will invest ₹53 crore to raise stake in Owndays and support Singapore operations, strengthening its global eyewear expansion strategy.

Commodities sector update: ITA flags financial stress in India’s tea sector despite record 280 million kg exports

India tea industry under pressure despite record 280 million kg exports, ITA flags concerns

India’s tea sector faces financial stress as ITA flags rising costs, falling prices, climate impact and import pressure despite record exports in 2025.

IPO updates: SpaceX targets 10,000 annual rocket launches within five years, FAA says

SpaceX targets 10,000 rocket launches per year within five years, FAA says

SpaceX aims for 10,000 annual launches within five years, FAA says, as company outlines ambitious expansion plan shared by Gwynne Shotwell.

IPO updates: SpaceX to reward Elon Musk for Mars colony with 1 million people milestone

SpaceX sets Mars vision with 1 million population target for Musk incentives

SpaceX links Elon Musk’s compensation to Mars colony plans, space data centres and up to $7.5T valuation, per SEC filing ahead of IPO.

Mega IPO: SpaceX files blockbuster IPO, posts $4.28 bn quarterly loss and targets $2 trillion valuation

SpaceX files for IPO with $2 trillion valuation target, reveals widening losses and Musk control plan

SpaceX files for IPO on Nasdaq, disclosing $4.28B loss, $4.69B revenue and plans for $2T valuation while Elon Musk retains control via super-voting shares.

Stock market live today: Stellantis, JLR sign MoU to jointly develop products and tech for US market

Stellantis and Jaguar Land Rover explore product and technology collaboration in US

Stellantis and Jaguar Land Rover sign MoU to explore US-focused product and tech collaboration, aiming to leverage strengths for future mobility growth.

Share market live: MFs cut their cash cushion

MFs Cut Their Cash Cushion

Active equity funds have sharply reduced cash buffers, indicating increased market participation but less capacity to buy during corrections.

Currency market updates: Weekly Rupee view: Rupee may drift to 97

Weekly Rupee view: Rupee may drift to 97

The rupee is under pressure, potentially drifting to 97 due to strong dollar and high crude prices.

Commodities market updates: Copper futures: Buy the dips

Copper futures: Buy the dips

Explore bullish opportunities in copper futures with strategic buying at ₹1,340 and targets up to ₹1,410.

Trading Guide for May 21, 2026: Intraday supports, resistances for Nifty50 stocks

Day Trading Guide for May 21, 2026: Intraday supports, resistances for Nifty50 stocks

Day Trading Guide gives you the key intraday supports and resistances to watch out for on the Nifty Futures and other widely traded stocks such as Reliance Industries, Infosys, HDFC Bank, TCS, SBI.

Stock to buy today: Shyam Metalics & Energy (₹921.50) – BUY

Stock to buy today: Shyam Metalics & Energy (₹921.50) – BUY

We see high chances for the share price to breach ₹960. Such a break can take Shyam Metalics & Energy share price up to ₹1,000 and even ₹1,040 in the coming months