Market View 19th May, 2026

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

Global markets showed a mixed trend as investors remained cautious ahead of key economic events and company earnings. Asian markets mostly traded higher supported by softer oil prices, while South Korean stocks stayed under pressure. Investors also tracked the meeting between the Japanese and South Korean leaders for possible regional developments. US markets ended slightly lower as technology shares faced selling pressure. Chip-related stocks remained weak due to concerns over supply disruptions and caution before major earnings announcements. Market sentiment stayed range-bound with traders avoiding aggressive positions. Indian markets closed almost flat after a highly volatile session. Early gains were erased by selling in banking and metal stocks, while telecom and IT shares offered support. Both Sensex and Nifty moved sharply in both directions during the day before ending with marginal gains. Overall, investors remained cautious due to weak global cues, profit booking at higher levels and uncertainty around global economic conditions.

Key Quarterly Results for Today:

ACEALPHA, ADCOUNTY, ADVENTHTL, ALEMBICLTD, ANTHEM, ASKAUTOLTD, AUTOAXLES, BANSWRAS, BEL, BLACKBUCK, BLS, BPCL, DCMFINSERV, EXICOM, HCG, KIRLOSIND, KOPRAN, KPL, KTKBANK, MANKIND, MAYURUNIQ, MINDTECK, ORIENTBELL, PNCINFRA, PRINCEPIPE, PTC, RITES, TCIIND, TRIDENT, WPIL, ZYDUSLIFE.

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:

GOLDMAN SACHS ON INFOSYS:

Target ₹1290 Recomm Neutral, Hosted Infy manag; Key takeaways include, Soft discretionary spend environment but with strength in BFSI and EURS verticals and continued strong deal wins, Some Al-driven deflation likely in parts of the value chain, but Infy expects it to be offset as new Total Addressable Markets open up, Infosys sees scope for a partnership approach with frontier model companies as enterprises deploy Al.

HSBC ON DR REDDY:

Target ₹1480 Earlier Target ₹1410 Recommendation Buy, Growth drivers in place; execution key, Remain constructive on semaglutide opportunity in Canada and other markets despite concern on competition, Potential launch of abatacept biosimilar in the US in early CY27 will be the key revenue driver, Delayed entry of competition should prolong gains from semaglutide.

MORGAN STANLEY ON BAJAJ FINANCE:

Target ₹1120 Recommendation Overweight, Management indicated that the operating environment remains reasonably buoyant despite geopolitical risks to the macro climate on the horizon, Commentary on loan growth and asset quality was similar to its commentary on the Q4 earnings call, Management highlighted upward pressure on funding costs given recent increase in bond yields, Al initiatives were a key topic of conversation in investor meetings.

International Markets:

U.S & Europe:

*As per 19^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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