Nifty Pharma & Healthcare Lead Market Gains ; Kaynes Technology Slides on Weak Q4FY26 Results – Paper by Pocketful
Market Recap: 14th May, 2026
Stock News Highlights
MTAR Technologies (+12.19%): Stock gained after the company secured ₹2,278.96 crore purchase orders from an international entity as part of ongoing business operations.
Kaynes Technology (-20.15%): Stock sharply fell and hit lower circuit after weak Q4FY26 results; net profit dropped 21.5% YoY to ₹91 crore despite revenue rising 26.2% YoY to ₹1,243 crore.
Saregama India (+14.77%): Stock surged after strong Q4FY26 results; net profit rose 25.4% YoY to ₹75 crore, while revenue increased 19.4% YoY to ₹287 crore with margin expansion.
NIIT Learning Systems (-3.80%): Stock fell despite strong Q4FY26 results; net profit jumped 58% YoY to ₹77 crore, while revenue increased 22% YoY to ₹525 crore.
Sectoral Performance
Pharma | Nifty Pharma (+2.74%): Index emerged as the top-performing sector of the day with 18 gainers and 2 losers, driven by strong buying in large-cap pharma stocks led by Cipla despite weak quarterly earnings.
Healthcare | Nifty Healthcare (+2.56%): Index gained led by Cipla, Sun Pharma, and Dr. Reddy’s Labs as investors accumulated large-cap pharma stocks despite mixed Q4 earnings, supported by long-term growth optimism and defensive buying interest.
Metals | Nifty Metal (+2.04%): Index gained with 12 gainers and 2 losers, supported by improved global risk appetite and firm commodity prices. Vedanta and Adani Enterprises led gains, while SAIL declined after yesterday’s sharp short-covering rally.
IT | Nifty IT (-1.99%): Index declined sharply as concerns over accelerating AI disruption and weak global tech sentiment weighed on the sector, with Infosys, TCS, and Persistent leading the losses.
Market Insights
Technical Level: Nifty opened with a gap-up opening but slipped lower in early trade before taking support near the previous day’s closing level around 23,430. The index witnessed a strong recovery thereafter, moving upward to form resistance near 23,775 and closing close to that level.
Advance-Decline Ratio: Market breadth remained positive with 1,723 stocks advancing and 1,537 stocks declining, indicating selective buying across broader markets.
The Big Picture: U.S. President Donald Trump met Chinese President Xi Jinping in Beijing, where both leaders pledged stronger cooperation and improved bilateral ties on trade, tariffs, Taiwan, and geopolitical issues, boosting optimism around global economic and market stability.
FII/DII Activity (May 14, 2026):DIIs bought ₹684 crore, while FIIs turned net buyers with ₹187 crore, indicating improved foreign investor sentiment despite lower buying activity.
Watch Out For Tomorrow
Macro: China President Trump and President Xi Summit & India Balance of Trade (Apr) data are scheduled tomorrow.
Index Watch: Nifty opened on a positive note and moved higher after crossing yesterday’s resistance level, indicating strong recovery momentum. Pharma and healthcare stocks led the rally, while IT remained under pressure. Next resistance is placed near 24,000, with support around 23,400.
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Theme: How to Identify & Invest in the Right Mutual Funds
Day 4 – How to Start Investing in Mutual Funds
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Word of the day
Profit Booking - A market phase where investors sell stocks after a sharp rise to lock in gains, often causing temporary declines or volatility in prices.