NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on May 22

The Indian equity benchmarks are set to stage a gap up opening on Thursday, May 21, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad advanced 51 points to 23,683 amid positive cues from Asian markets.

SENSEX and NIFTY50 indices erased morning gains and ended lower on Thursday dragged down by losses in index heavyweights like Reliance Industries, Infosys, Bharti Airtel, Bajaj Finance, Hindustan Unilever and Kotak Mahindra Bank.

The SENSEX ended 135 points lower at 75,183 and NIFTY50 index declined 4 points to 23,655.

Asian markets

Asian markets were trading higher as US-Iran talks boosted sentiment for equities. Japan's Nikkei surged 2.2%, China's Shanghai Composite advanced 0.3%, Hong Kong's Hang Seng climbed 0.8% and South Korea's KOSPI gained 0.2%.

Wall Street update

US stocks ended on a mixed note on Thursday as volatile crude prices kept investors jittery. Dow Jones advanced 0.55%, S&P 500 index gained 0.17% and tech heavy Nasdaq rose 0.09%.

FII/DII activity

Foreign institutional investors (FII) sold shares worth ₹1,891.21 crore on Thursday while domestic institutional investors bought stocks worth ₹2,492.42 crore, as per NSE data.

FIIs have so far this year sold shares worth ₹2,20,552 crore, data from National Securities Depository Limited (NSDL) showed.

Stocks to watch

The company has decided to increase prices of its models across its portfolio by up to ₹30,000 with effect from June 2026, Maruti Suzuki India said in a regulatory filing.

The exact quantum of change will vary from model to model, it added.

"For the past few months, the company has been making continuous efforts to mitigate the cost impact to the extent possible through cost reduction measures," the company said.

The state-owned firm’s revenue increased 2.1% QoQ to ₹34,797 crore compared to ₹34,076 crore in Q4 FY25.

In the corresponding period of the preceding fiscal year, it had logged a profit of ₹24.98 crore, according to a regulatory filing.

However, the company’s profit from continuing operations rose 5% annually to ₹5,113.36 crore from ₹4,874.93 in the same quarter a year back.

The company's revenue from operations, however, increased 17% year-on-year (YoY) to ₹21,695 crore during the quarter under review in contrast to ₹18,495 crore in the year-ago period.

The company's revenue from operations, however, grew 8% to ₹8,054 crore in the January-March quarter as compared to ₹7,448 crore in the corresponding quarter of the previous fiscal year.

The subsidiary of South Korean consumer electronics giant LG Electronics Inc.'s earnings before interest, taxes, depreciation, and amortisation (EBITDA) slipped 10% annually to ₹946 crore as against ₹1,048 crore in Q4 FY25.

LG Electronics India’s operating profit margin contracted to 11.75% from 14.07% annually.

The country's biggest insurer had earned a profit of ₹19,013 crore in the corresponding quarter a year earlier.

The total income of the insurer during the reporting quarter rose to ₹2,53,592 crore from ₹2,22,805 crore in the same period of the preceding fiscal year, LIC said in a regulatory filing.

LIC's income from first-year premiums also improved to ₹12,970 crore in the latest January-March quarter, compared to ₹11,069 crore in the same period of the preceding fiscal year.

Income from renewal premiums in the reporting period increased to ₹81,933 crore compared to ₹79,138 crore a year ago.

During the quarter, total income increased to ₹1,64,691 crore as against ₹1,47,586 crore in the corresponding quarter of the previous fiscal.

The proposed transaction would give Dalmia Bharat control of JAL's 5.2 million tonnes per annum (MTPA) cement capacity and 3.3 MTPA clinker capacity, the sources said.

Dalmia Bharat did not immediately respond to requests for comments.

Adani Group had acquired JAL under the Insolvency and Bankruptcy Code (IBC), marking it one of India's largest multi-asset infrastructure resolutions across power, EPC, logistics-linked land, real estate, hospitality and ancillary businesses.

According to CNBC-TV18, SAIF Partners is looking to sell around 86 lakh shares, equivalent to nearly 1.3% equity in the fintech firm. The floor price for the proposed deal has reportedly been fixed at ₹1,120.65 per share, reflecting a discount of around 3% to Thursday’s closing price.

In an exchange filing on Thursday, Swiggy stated that its resolution on the Amendment of Articles of Association received 72.36% votes of shareholders, falling short of the required threshold by 2.65%.

The company had conducted the postal ballot through a remote e-voting process, seeking approval of the shareholders for the alteration of the Articles of Association of the company and the Appointment of Renan De Castro Alves Pinto as a Non-Executive, Non-Independent Nominee Director.

The appointment, however, was duly passed by the members with a majority vote of 98.98%, the filing stated.

Without disclosing the name of the client, Aurionpro said that it has bagged the deal through its US-based subsidiary, Aurionpro Fintech Inc, for three years with one of the leading fintech platforms in the United States, specialising in digital insurance payments.

“Under the expanded mandate, Aurionpro will deliver its proprietary software and advanced technology solutions, including enhancement and maintenance of the existing payment platform, cloud and DevOps solutions, as well as AI and data engineering support. The engagement is expected to generate more than $33 million in revenue over the contract period,” the company said in a statement.

The company reported a consolidated PAT of ₹56 crore in the corresponding January-March period of the 2024-25 fiscal year.

Consolidated revenue from operations increased 28.4% to ₹174.9 crore for the March quarter of the 2025-26 fiscal year, compared to ₹136.2 crore in the corresponding quarter of the previous year.

For the full 2025-26 fiscal year, PAT rose 6.62% to ₹182.53 crore, from ₹171.20 crore in the 2024-25 fiscal year.

Consolidated revenue from operations increased 20.4% to ₹599.5 crore for the year ended March 31, 2026, compared to ₹498 crore in the corresponding period last year.