Oil marketing companies on Friday announced a hike of Rs 3 per litre in petrol and diesel prices, pushing fuel rates higher. The latest fuel price increase is only around one-tenth of the rise that would have been required to fully offset the sharp jump in global energy prices since the West Asia conflict began. Additionally, prices of CNG in Delhi-NCR have gone up by Rs 2 to Rs 79.09 per kg. Earlier, Mahanagar Gas Limited had raised CNG prices by Rs 2 in Mumbai region.
Petrol and Diesel prices hiked by Rs 3 amid Iran war, CNG up by Rs 2- Daily Market Update 15th May 2026
Overview and Outlook
Global Stock Market Today
- US equity markets settled on a positive note.
- European equity markets ended higher in range 0.45% to 1.31%.
- Most of the Asian equity markets are trading in red.
- GIFT Nifty is little changed, Nifty futures is likely to open around 23750 levels.
The benchmark Nifty index ended higher at 23690 spot levels after adding 277 points to its previous closing values.
Performance on the broader front was mix. Mid cap index moved in line with the benchmark, rose over 1%, whereas Small cap index ended on a flat to negative note.
All sectoral indices, barring IT that was down around 2%, settled in green. Amongst them, Pharma and Health care were at the top of the tally, rose over 2.5% each followed by Metal, Consumer Durables, Banking and Financial Service index that rose in range 1% to 2%.
The pullback rally that started on May 13, 2026, has almost reached the price resistance of 23800 spot levels. For a sustainable move beyond 23800 spot levels, Nifty needs to decisively close above this level. Conversely, sustained trading below 23580 spot levels could drag it towards 23200-23150 spot levels in near term.
Derivatives Overview & Outlook
Yesterday, Finnifty and Midcpnifty futures added 7.3% and 3.6% of open interest respectively as long buildup along with some short covering among Nifty and Banknifty futures as both shed around 3% and 2% of open interest respectively.
Majority of F&O sectors settled on a positive note. Amongst them, Finance, Infrastructure, Metal and New-age stocks witnessed maximum addition of long position whereas some short buildup was seen among Capital Goods and Technology stocks.
On option front, put writing along with some call unwinding was seen at multiple strikes. Maximum positions are at 24500 CE and 22000 PE followed by 23000 PE.
Institutional Trading Activity
Yesterday, FIIs bought stocks worth Rs 187 Cr in the cash segment, bought index futures worth Rs 1913 Cr and also bought stocks future worth Rs 387 Cr. DIIs were too net buyers to the tune of Rs 684Cr in the cash segment.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 23620-23800; Supports 23400-23300
Banknifty – Resistances 54000-54400; Supports 53200-52800
Finnifty – Resistances 25400-25500; Supports 25100- 25000
F&O stocks in ban today: KAYNES & SAIL
Important Results Today: DEEPAKNTR, DEVYANI, GLAND, GODFRYPHLP, GODREJIND, HINDCOPPER, ITCHOTEL, SAIL, TATASTEEL & SJVN.
Disclosure
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