Stock Market Live Updates: Sensex, Nifty signal positive start; crude oil prices still elevated, all eyes on Trump-Xi meet

India’s benchmark stock indices, the BSE Sensex and Nifty 50, closed slightly higher on May 14, 2026, ending a four-session losing run. The Sensex advanced 49.74 points to 74,608.98, while the Nifty 50 rose 33.05 points to 23,412.60, driven by buying in metal, energy, and consumer-focused shares. However, gains were limited by persistent headwinds, including a record-low rupee at 95.80 against the US dollar, elevated Brent crude prices, and continued foreign institutional investor (FII) outflows. Market sentiment remained cautious as investors monitored geopolitical tensions, particularly the anticipated meeting between Donald Trump and Xi Jinping, which could influence US-Iran conflict dynamics. Analysts noted that sustained FII outflows may restrict further upside, despite support from the final phase of Q4FY26 earnings and policy-related triggers in specific sectors. The Bank Nifty breached its three-week consolidation range of 54,200-56,500, signaling a downtrend continuation for the fourth session, with resistance at 53,780 and support near 52,700. The index’s breakdown below 54,400 suggests further weakness toward 52,700-52,400, aligning with technical indicators like the 61.8% retracement level. Traders attributed the muted gains to the rupee’s record low and elevated crude prices, which weighed on investor confidence despite positive global market cues. The Sensex’s intraday volatility ranged between 74,134.48 and 75,191.57, reflecting cautious trading amid mixed domestic and external factors.