On May 15, 2026, the Indian stock market saw a decline, with the benchmark indices Sensex and Nifty 50 both closing lower as investors opted for profit booking amid rising crude oil prices and a depreciating Indian rupee. The Sensex dropped 161 points to close at 75,237.99, while the Nifty 50 fell 46.10 points to settle at 23,643.50. Analyst Sumeet Bagadia noted that the formation of a bearish candlestick pattern indicates cautious sentiment among investors. He highlighted immediate support levels for the Nifty 50 at 23,450–23,500 and resistance at 23,850–23,900. In the banking sector, the Bank Nifty index also experienced a decline, closing at 53,710.35, down 418.60 points. Bagadia recommended three stocks for investors looking to buy under ₹100: NMDC at ₹91.41 (target price ₹99, stop loss ₹87.50), Bank of Maharashtra at ₹78.02 (target price ₹85.50, stop loss ₹74.40), and Motherson Sumi Wiring India at ₹40.07 (target price ₹43, stop loss ₹38.30). Investors are advised to monitor these recommendations closely.