News Overview

Multi Commodity Exchange of India (MCX) has emerged as one of the strongest-performing financial stocks of 2026, rallying nearly 50% amid record profits, rising commodity trading activity, and strong investor interest in exchange-based businesses. Higher volatility in bullion and energy markets, along with growing retail participation, has significantly boosted the company’s earnings and market confidence.

The Maharashtra Government has reduced VAT on Aviation Turbine Fuel (ATF) from 18% to 7% until November 14, providing major relief to airlines such as InterGlobe Aviation and Air India as jet fuel prices surge due to the West Asia conflict.

Tata Motors Passenger Vehicles delivered a record Q4 FY26 performance driven by strong demand for Nexon and Punch SUVs, rising EV sales, and improved profitability. The company posted a 49% jump in revenue, achieved its highest-ever quarterly sales, and maintained leadership in India’s EV segment with a 40.2% market share.

Asian equities traded mixed on Thursday as global investors closely monitored the Trump-Xi summit in Beijing. South Korea’s KOSPI extended record highs led by Samsung Electronics, while Japan’s Nikkei reversed sharply lower after Fujikura’s weak outlook. China’s Shanghai Composite fell despite diplomatic optimism, and India’s Nifty gained over 1% on strong pharma buying even as IT stocks remained under pressure amid elevated oil prices.

Tata Elxsi shares touched a new 52-week low of ₹3,945 amid intense selling pressure across IT stocks. Rising concerns over AI-led disruption, weak global technology sentiment, and fears around changing outsourcing models weighed heavily on investor confidence despite the company reporting record quarterly revenue and profitability.

Polycab India touched a new 52-week high of ₹9,239 after posting record Q4 FY26 results. Strong growth in the wires & cables segment, rising market share, robust FMEG performance, and positive long-term growth outlook boosted investor sentiment.

The Indian benchmark indices staged a strong recovery on May 14, 2026, driven by strong quarterly earnings, bargain buying, and improving global sentiment. Pharma, healthcare, metal, and financial stocks witnessed robust gains, while IT shares remained under pressure due to rising concerns over AI-led disruption in the outsourcing sector. Cipla, Adani Enterprises, Bharti Airtel, and Zydus Lifesciences emerged among the top trending stocks of the day.

Kotyark Industries rallied nearly 7% after announcing a 10:1 bonus share issue. The company also posted strong Q4FY26 results with revenue surging 221% YoY and net profit rising sharply, keeping the renewable energy stock in investor focus.

Wall Street surged to record highs led by technology and AI stocks even as US inflation and Treasury yields climbed sharply. Markets also tracked Kevin Warsh’s appointment as Federal Reserve Chair, Trump’s Beijing visit with Nvidia CEO Jensen Huang, and Europe’s recovery rally, with major implications for India’s economy, rupee, FII flows, and export sectors.

Gautam Adani-led Adani Group continues its expansion spree as Adani Power receives CCI approval for the proposed acquisition of GVK Energy under the insolvency process. The Competition Commission of India also cleared several major corporate deals across infrastructure, engineering, and digital sectors.