Indian Stock Market Recovers As IT And Banking Stocks Support Sensex, Nifty

The Indian stock market ended on a positive note on May 18, 2026, after a sharp recovery from early losses. According to India Today, the S&P BSE Sensex gained 77.05 points to close at 75,315.04, while the NSE Nifty50 rose 6.45 points to end at 23,649.95. The Sensex recovered more than 900 points from the day’s low as buying interest returned in select sectors.

The market recovery was mainly supported by IT and banking stocks, which helped the benchmark indices move back into positive territory. After a weak start, investors used lower levels as a buying opportunity, especially in export-focused and value-based sectors.

Vinod Nair, Head of Research at Geojit Investments Limited, said the market managed to recover intraday losses and closed almost flat, supported by value buying in IT and banking counters. He added that the ongoing earnings season has provided a positive backdrop, though investors remain cautious.

Market sentiment remained under pressure due to the prolonged stalemate between the US and Iran. Higher bond yields, elevated crude oil prices, and a weaker rupee also raised inflation concerns among investors.

Analysts believe investors are now following a staggered investment approach instead of waiting for full clarity. A meaningful breakthrough in diplomatic talks related to Iran, uranium stockpiles, and sanctions could help reduce volatility and support a stronger market move in the coming sessions.