# The Nifty 50 opened more than 160 points lower and fell to an intraday low of 23,317.10 during early trade.

*business · news · 2026-05-18 · NewsX*

## Key points

- The Nifty 50 index recovered over 300 points from intraday lows to close nearly flat.
- Indian rupee hit a fresh record low of 96.39 against the US dollar, down 0.45%.
- Amber Enterprises stock plunged 15.61% after warning of margin pressure in its earnings report.
- Gland Pharma shares surged 15.43% following a reported 97% jump in March quarter net profit.
- Market breadth was weak, with only 941 advancers against 2,382 decliners on the NSE.

**Companies:** Tata Steel, Power Grid Corporation of India, Gland Pharma, Bharti Airtel, Infosys, ICICI Bank, Amber Enterprises
**Countries:** India, United States, Iran

[Read the full story on NewsX](https://www.newsx.com/business/stock-market-today-closing-bell-sensex-nifty-50-end-flat-on-may-18-it-stocks-rebound-rupee-hits-record-low-amid-rising-crude-oil-prices-221158/)

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