Indian markets climb; Trump claims China to help reopen Hormuz:OMC stocks under pressure after govt increases petrol diesel prices

Indian stock markets were roughly unchanged in early deals on Friday, 15 May, 2026. The 30-share Sensex and 50-share Nifty opened flat but in green. OMC stocks under pressure after govt increases petrol diesel prices Oil Marketing Company (OMC) stocks opened under pressure after the government of India increased petrol diesel prices by ₹3 per litre each. Nifty Oil Gas, which is a sectoral index of 15 companies, fell 0.77%. The hike in fuel rates took effect on 15 May. This is the first fuel price hike in more than four years. Stocks like Infosys, Tech Mahindra, TCS, HCL Tech, Kotak Bank and HDFC Bank were among the major gainers on the Sensex. Among sectors, indices like Nifty Metal, PSU Bank, Realty and Consumer Durables lost the most, while Nifty IT rose the highest by 2.40%. Trump says China ready to help reopen Hormuz: US President Donald Trump has said that Chinese President Xi Jinping has offered to help keep the Strait of Hormuz open. This lifted investor sentiment. In an interview with Fox News, Trump said Xi wants a deal to be reached between the US and Iran. According to Trump, Xi Jinping said, “If I can help in any way, I would like to help.” China buys large quantities of Iranian oil, so it also has an interest in keeping Hormuz open. He added, “Any country that buys so much oil obviously has a relationship with Iran. China wants the Strait of Hormuz to remain open.” Asian markets mostly fall on Friday American markets settled marginally lower overnight Foreign investors bought shares worth ₹188 crore Note: FIIs and DIIs net buying/selling figures are in crore rupees.