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Informist, Thursday, May 14, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: May open higher on hope US-China to talk Iran war resolution

 

MUMBAI--0840 IST--Domestic equity market is likely to hold on to it gains Thursday on hope the talks between US-China may offer some cues over a resolution to the Iran war. Asian equity indices were mixed in the early trade, with Taiex and Kospi gaining the most. Crude oil prices, which are still above the $100 a barrel mark, will be watched for further cues for market direction. JSW Steel will detail its March quarter earnings Thursday. 

 

US Vice-President J.D. Vance said progress was being made with Iran in negotiations to end the war as US President Donald Trump travelled to China for talks, an Al Jazeera report said. Trump travelled to Beijing Tuesday to meet with China's President Xi Jinping. 

 

At 0829 IST, Brent crude oil July futures were marginally higher from its previous close at $105.86 per barrel. Crude oil will trade at $100–$115 per barrel if the stalemate holds, according to Vinit Bolinjkar, head of research at Ventura Securities. "Asymmetry is to the downside on resolution news — that's the more dangerous gap for anyone short crude," he said.

 

At 0830 IST, the Gift Nifty May futures contract was marginally lower at 23549.50 from its previous close. However, this level suggested a higher opening for the Nifty 50 index as it was over 135 points higher than the 50-stock index's previous close of 23412.60.

 

"An unstable Middle East, continued FIIs outflows alongside depreciating Indian currency are negatively impacting the investors sentiments," said Vipin Kumar, derivatives and technical analyst at Globe Capital Market. " Moving forward, we reiterate our sell-on-rise trading approach as long as Nifty index remains below 23650 spot levels on closing basis. On the lower side, 23150-23000 spot levels will act as an immediate support." 

 

JSW Steel is expected to report a sharp on-year increase in its consolidated bottom line for Jan-Mar on higher realisations. The company is expected to post a consolidated net profit of INR 25.89 billion, up over 67% on year. Its top line is seen at INR 501 billion, up nearly 12% on year.

 

The commerce ministry will release the wholesale price index inflation data for April Thursday. The automobile production, sales, and export data for April will also be announced by the Society of Indian Automobile Manufacturers, later in the day. 

 

In the US, barring the Dow Jones Industrial Average, other equity indices settled at record closing highs in the previous session.  (Arundathi A R)

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Equity Alert: S&P 500, NASDAQ hit new highs, chipmakers drive indices higher

 

MUMBAI--0740 IST--Major US equity indices ended mixed Wednesday, with the NASDAQ Composite and the S&P 500 closing higher but the Dow Jones Industrial Average ending lower. The blue-chip Dow snapped its three-session streak of advances, dragged mainly by shares of Salesforce and Home Depot. Technology stocks led the gains on Wall Street. Shares of Micron Technology were almost 5% higher, Alphabet nearly 4%, Nvidia Corp. and Meta over 2%, and Qualcomm over 1%. The Magnificent Seven stocks, barring Microsoft, closed in the green. The S&P 500 and the NASDAQ notched fresh all-time highs, brushing aside the hotter-than-expected producer price index data.

 

"It seems like we've got so much demand ahead of the supply trying to meet it that it's got a lot of room to run," Peter Mallouk, the chief executive officer of Creative Planning, told CNBC, speaking of chipmakers.

 

In focus on Wednesday were the US producer prices. The Producer Price Index climbed 1.4% on-month in April, and 6% on-year. The rise in April is the largest since the 1.7% increase in March 2022. The hot producer inflation data comes after Tuesday's higher-than-expected consumer price inflation print. Any hope of the Federal Reserve cutting rates in the near to medium term has diminished with this inflation data. 

 

"Overall, amid heightened uncertainty, the energy shock has negatively affected my outlook for both real activity and inflation. Moreover, the shock has tilted risks to real activity somewhat further to the downside and risks to inflation further to the upside," Susan Margaret Collins, president of the Federal Reserve Bank of Boston, said in a speech. Collins said that a restrictive monetary policy stance for longer. 

 

Meanwhile, in a narrow vote, Kevin Warsh was confirmed by the US Senate to be the 17th chair of the Federal Reserve for a four-year term, Reuters reported. Warsh will replace Jerome Powell. Powell's tenure as the Federal Reserve chair ends on Friday.

 

The following were the closing levels of major US indices on Wednesday:

 

US Indices	Levels	Change in %
Dow Jones Industrial Average	49693.20	(-)0.14
NASDAQ Composite	26402.34	1.20
S&P 500	7444.25	0.58

 

(Ruchira Kagita)

 

US$1 = INR 95.73

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Akul Nishant Akhoury

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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