News Overview

HFCL hit a fresh 52-week high after a sharp rally of nearly 87% in a month, supported by strong Q4 FY26 earnings, rising export orders, and optimism around India’s telecom infrastructure and 5G rollout. The stock has significantly outperformed broader markets amid improving fundamentals and sectoral tailwinds.

Metal stocks outperformed on May 13, 2026, with the Nifty Metal Index rising 3.18% after the government raised import duties on gold and silver. Tata Steel and Hindalco surged to fresh 52-week highs, driven by strong fundamentals, global commodity strength, and positive earnings outlook.

The Indian Rupee slipped to a fresh all-time low against the US Dollar on May 13, 2026, touching 95.80 amid sustained dollar strength, elevated crude oil prices, and foreign investor outflows. While RBI intervention helped limit volatility, broader global pressures continue to weigh on the currency outlook.

Asian equities ended mixed-to-positive on May 13, 2026, as investors tracked the Trump-Xi meeting, rising crude oil prices, and continued momentum in semiconductor stocks. South Korea and Japan outperformed on AI-led chip demand optimism, while Indian markets witnessed a cautious recovery amid inflation concerns and foreign investor outflows.

Indian benchmark indices snapped a four-session losing streak on May 13, 2026, supported by a sharp rally in metal stocks, value buying at lower levels, and improving global sentiment. Nifty closed above 23,400 while Sensex ended marginally higher, though weakness in IT and auto sectors kept broader market sentiment cautious.

L&T’s PT&D division wins significant EPC orders in the Middle East for 380 kV and 132 kV substations, strengthening grid reliability and supporting growing energy demand.

US inflation came in hotter than expected, pushing Treasury yields higher and weakening rate-cut expectations, while oil prices rebounded above $100 amid US-Iran tensions. Global equity markets ended mixed, with tech stocks under pressure and Europe led lower. The developments carry significant implications for India’s inflation, currency, and trade balance.

Cipla Q4 FY26 results were mixed, with a sharp decline in profit and margins offset by strong growth in India and Africa businesses. Despite weak North America performance, investor sentiment turned positive as adjusted earnings and dividends provided stability.

The Indian Rupee gained mildly after India increased gold and silver import duties from 6% to 15% to reduce dollar outflows and support forex reserves. Despite the temporary INR strength, elevated crude oil prices, persistent FII selling, and stronger US inflation continue to favor USD/INR upside toward the 96.00 level.

Hindustan Petroleum Corporation Limited (HPCL) reported a strong Q4 FY26 performance with a 46% jump in net profit to ₹4,902 crore. Improved refining margins, ₹3,300 crore LPG compensation, and robust domestic fuel demand boosted earnings. The company also announced a final dividend of ₹19.25 per share and posted record annual profits for FY26.