RCF Gains After Robust Earnings; Weak Results Hit Healthcare Sentiment - Paper by Pocketful

May 22, 2026

Rashtriya Chemicals and Fertilizers (+4.32%): Stock gained after strong Q4FY26 results, with net profit rising 157% YoY to ₹186.72 crore, revenue increasing 49.6% YoY to ₹5,580.57 crore, and a final dividend of ₹1.34 per share announced.
Honasa Consumer (+6.62%): Stock surged after strong Q4FY26 results, with PAT more than doubling YoY to ₹69 crore, revenue rising 28% YoY to ₹682 crore, and the company announcing its maiden final dividend of ₹3 per share.
GAIL India (+3.12%): Stock rose after Q4FY26 results, despite net profit declining 40.9% YoY to ₹1,481.46 crore and revenue falling 1.2% YoY to ₹36,496.91 crore. Investor sentiment was supported by the announcement of a final dividend of ₹0.50 per share.
Welspun Corp (-3.96%): Stock decline after Q4FY26 results, with net profit declining 47% YoY to ₹370.4 crore due to a lower base impact from the absence of exceptional gains, while revenue increased 9.9% YoY to ₹4,312.6 crore.

Private Bank | Nifty Private Bank (+1.49%): Index emerged among the top-performing sectors with all constituents trading in green, supported by broad-based buying across private banking stocks. Sentiment remained strong amid optimism around credit growth, stable asset quality, and continued investor interest in financial counters.
Financial Services | Nifty Financial Services (+1.17%): Index gained with 16 gainers and 2 losers, supported by broad-based buying across banking and financial stocks. Sentiment remained positive amid strength in private lenders, optimism around credit growth, and continued investor interest driven by expectations of stable interest rates and improving business outlook.
Healthcare | Nifty Healthcare (-1.52%): Index declined sharply, led by losses in Sun Pharma, Max Healthcare, and Aurobindo Pharma. Sentiment turned weak after Max Healthcare fell nearly 3% following Q4 results below estimates, while pressure across pharma and hospital stocks emerged due to earnings-related disappointment and profit booking after recent gains.
Media | Nifty Media (-1.47%): Index extended losses with 1 gainer and 9 losers, weighed down by broad-based selling across media counters. Sentiment remained subdued amid profit booking, weak momentum in entertainment and broadcasting stocks, and cautious investor outlook following recent sector underperformance.

Technical Level: Nifty opened with a minor gap-up and formed immediate support near 23,670. The index extended gains through the first half and touched resistance around 23,830 in the second half. However, profit booking at higher levels triggered a sharp pullback, though the index managed to close in positive territory, indicating buying interest on dips.
Advance-Decline Ratio: Market breadth remained positive, with 1,744 stocks advancing against 1,522 declining, indicating broader participation despite volatility and supporting the market’s positive close.
The Big Picture: U.S-Iran Talks Sentiment improved after the U.S. and Iran signaled progress toward a potential peace agreement, although disagreements remain over Iran’s enriched uranium stockpile and proposals related to shipping tolls through the Strait of Hormuz. Markets remained cautious as the waterway continues to stay in focus given its importance to global energy trade.
FII/DII Activity (May 22, 2026): DIIs remained net buyers with ₹6,003 crore inflows, while FIIs sold ₹4,440 crore, supporting market resilience.

IPO Corner: Q-Line Biotech is set to close for subscription on Monday, giving investors the final opportunity to apply.
Index Watch: Nifty closed on a positive note, but the market continues to remain in consolidation for over a week. Despite global uncertainties, sentiment stays positive as the index slowly forms higher levels within the range. Immediate resistance is placed at 24,000 while support is seen near 23,560. A decisive breakout above resistance could trigger fresh positive momentum in the market.

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