Market View 18th May, 2026

View on market: Volatility persists, eagerly searching for growth:

Global markets remained under pressure as rising tensions between the US and Iran hurt investor confidence. Asian markets traded weak, with sharp selling seen in South Korean stocks, while Japan showed mixed movement and Hong Kong futures also pointed lower. US markets ended lower on Friday as technology stocks witnessed heavy profit booking. Investors were disappointed after the meeting between Donald Trump and Xi Jinping failed to bring any major breakthrough. Rising US bond yields also added pressure on equities, dragging major Wall Street indices down. Semiconductor and AI-linked stocks were among the biggest losers. Indian markets also stayed weak and extended their recent decline amid cautious global sentiment. Both Sensex and Nifty closed slightly lower on Friday after a volatile session. Meanwhile, the Indian rupee touched a fresh record low against the US dollar, reflecting pressure from global uncertainty and foreign fund outflows.

Key Quarterly Results for Today:

63MOONS, AFCONS, AJAXENGG, AMIRCHAND, APOLLO, ASTRAL, ATLANTAA, BPLPHARMA, DOMS, GNFC, GPTHEALTH, IGL, IGPL, IOC, JATTAINDUS, JKPAPER, JSWCEMENT, LAKSHMIMIL, MONTECARLO, NELCAST, OLAELEC, SEAMECLTD, STAR, STYLEBAAZA, TRITURBINE, VRLLOG, YASHO, ZYDUSWELL.

Economic Calendar:

• USD: FOMC Minutes on 20^th May 2026.
• IND: Infrastructure Output Data on 20^th May 2026.
• USD: Continuing & Initial Jobless and S&P Global Composite & Manufacturing & Services PMI Data on 21^st May 2026.
• IND: HSBC Composite & Manufacturing & Services PMI Data on 21^st May 2026.

BROKERAGE RADAR:

MACQUARIE ON KAYNES TECH:

Target ₹3250 Recommendation Neutral, Kaynes missed estimates, but miscommunication hits harder, Structural opportunity intact, Lack of execution clouds near-term visibility, eliminates credibility and increases potential for a capital raise, Business model transition has been painful and is a cautionary tale.

JEFFERIES ON HAL:

Target ₹6300 Recommendation Buy, Execution should drive upside, March Qtr EBITDA was 10% below estimates led by a 9% revenue miss, Lower FY27E-28E EPS by 3-8% factoring lower gross margins that was seen in March quarter, Believe as execution picks up, particularly delivery of Tejas Mk1A aircraft in next 3 months, the stock should move higher.

HBSC ON NESTLE:

Target ₹1410 Recommendation Hold, 3 out of 4 engines firing not enough to take off, See H2FY26 growth as driven by a low MPN base, GST cut benefits, Maggi Rs 5 re-launch, and chocolate acceleration, Further growth acceleration would need double-digit growth in MPN business, which looks difficult, Unfavourable risk-reward.

GOLDMAN SACHS ON AZAD ENGINEERING:

Target ₹2460 Earlier Target ₹2200 Recommendation Buy, Q4FY26 Review: Marginal miss on estimates, Favorable macro tailwinds likely to maintain steep earnings, Expect short-term growth to be led by the existing robust order book, See major potential from two developments – supply of hot engine components to MHI and supply of 20 ATGG engines.

International Markets:

U.S & Europe:

*As per 18^th May.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

View on market: Volatility persists, eagerly searching for growth

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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