KEY HIGHLIGHTS
Stock Market Today: Sensex Plunges Over 1,200 Points After Historic Surge, Nifty Falls Over 1%
Nifty, Sensex end lower for the day, fall over 1%.
Infosys and PowerGrid Corp top loser in Nifty.
Nifty Midcap 150 ends higher led by Bharat Dynamics and Schaeffler India.
Nifty smallcap 250 ends higher led by Tanla Platforms and TV18 Broadcast
NIFTY IT top losing sector for the day, drag by Infosys and HCL Technologies.
Nifty Pharma end higher for the second consecutive day.
Nifty PSU Bank end higher for the third consecutive day.
Nifty PSU Bank end higher for the fifth consecutive day.
Nifty midcap 150 end higher for the third consecutive day.
Nifty smallcap 250 end higher for the two consecutive day.
Rupee Closes Stronger Against US Dollar
Rupee closed 3 paise stronger at 85.35 against US Dollar
It closed at 85.38 a dollar on Friday
Source: Bloomberg
Stock Market Live Update: Himadri Speciality Chemical In Pact With Sicona Battery
Himadri Speciality Chemical has entered into a technology licensing agreement with Sicona Battery. This pact grants Himadri an exclusive license to manufacture silicon-carbon anode materials in India. This strategic move is expected to enhance Himadri's capabilities in the battery materials sector.
Stock Market Today: Jubilant Ingrevia & Hero MotoCorp Net Profit Rise
Jubilant Ingrevia Ltd. reported its net profit at Rs 74.1 crore versus Rs 29.3 crore in the corresponding period a year ago. Hero MotoCorp's net profit rose 6.4% on the year to Rs 1,081 crore vs Rs 1,016 crore.
For more earnings update click here.
Stock Market Live: GAIL India Share Price Falls Post Q4 Net Profit Falls
Revenue up 2% at Rs 35,685 crore versus Rs 34,937 crore
EBITDA up 13.3% at Rs 3,216 crore versus Rs 2,838 crore
Margin At 9% versus 8.1%
Net Profit down 47% at Rs 2,049 crore versus Rs 3,867 crore
Board to pay final dividend of Rs 1 per share
Swiggy Share Price Update: Large Trade In Stock
Over 5.61 million shares of Swiggy were traded via a block deal on Tuesday. The share of Swiggy fell as much as 2.78% to Rs 311.40 apiece.
Q4 Results Live: Patel Engineering Profit Falls 73%
Patel Engineering Q4 Highlights (Consolidated, YoY)
Revenue up 20.0% to Rs 1,611.86 crore versus Rs 1,343.18 crore.
Net Profit down 73% to Rs 38.17 crore versus Rs 140.35 crore.
Ebitda down 8% to Rs 218.34 crore versus Rs 237.58 crore.
Margin at 13.5% versus 17.7%.
Get live Q4 result updates here.
Stock Market Live Update: Cipla Share Price Swings After Q4 Earnings
Cipla Q4 Highlights (Consolidated, YoY)
Revenue up 9.2% to Rs 6,729.69 crore versus Rs 6,163.24 crore.
Net profit up 30% to Rs 1,221.84 crore versus Rs 939.04 crore.
Ebitda up 17% to Rs 1,537.59 crore versus Rs 1,315.86 crore.
Margin at 22.8% versus 21.4%.
Announces final dividend of Rs 13 per share and special dividend of Rs 3 apiece.
Stock Market Live: SRF Agrochemical Segment Likely To Show Improvement
SRF Business Outlook
Agrochemicals segment likely to show improvement.
Product funnel remains strong.
Launch of pharma intermediates as well as ramp up of recently commissioned units to drive growth.
Focus on cost structures and efficiency enhancement to counterbalance pricing pressure.
Focus on maximizing HFC production for quota requirements.
Integrated play provides significant advantages.
CMS demand and prices to remain range bound; Creating export ability to offset pricing pressure
PTFE Should Witness Traction With Positive Developments In FY26
Source: Investor Presentation
Britannia Industries Gets Target Price Hike From Goldman Sachs On Positive FY26 Outlook
Goldman Sachs has upgraded its 12-month price target for Britannia Industries Ltd. to Rs 5,650, reflecting a 4.1% upside from its current price of Rs 5,425. This upgrade comes on the back of a positive outlook for the company's performance in FY26.
Read the full article here.
Stock Market Live: Arbitral Tribunal Rejects AFBl's Claims Against Zee Entertainment
Arbitral Tribunal Rejected All Claims Of Aditya Birla Finance Against Zee Entertainment Enterprises Ltd, the latter said in an exchange filing
Alert: ABFL initiated proceeding against company relating to Rs 134 crore term loan granted to Siti Networks
Stock Market Live: HCLTech Launches SAP Configurator Accelerator
HCLTech Ltd. launched advanced SAP configurator accelerator kit to help enterprises Scale SAP S/4HANA rollouts, it said in an exchange filing.
Stock Market Today: Advanced Enzyme Share Price Falls After Q4 Net Profit Slips
Advanced Enzyme Technologies Q4 Earnings Key Highlights
Net Profit fell 10% to Rs 26.7 crore vs Rs 29.8
Revenue rose 6% to Rs 167 crore vs Rs 158 crore
Ebitda Margin at 27.2% vs 35%
Ebitda fell 18% to Rs 45 crore vs Rs 55 crore
For Faster Q4 update click here.
Jefferies Cuts UPL EPS Estimates For FY26-27 Amid Q4 Miss, Shares Fall
UPL Ltd. share price declined in Monday's session as Jefferies cut earnings per share estimates for the ongoing and the next financial year after the company missed the brokerage's estimates for fourth quarter earnings.
UPL share price declined 4.93% to Rs 643.50 apiece
Stock Market Today: Anup Engineering To Pay Final Dividend Of Rs 17 Per Share
Anup Engineering Ltd. share price pared losses from day's low as it declared final dividend.
Stock Market Live Update: Lupin Launches Talvaptan Tablets In US Market
Lupin has launched Tolvaptan tablets in the US market, with a 180-day exclusivity period. Tolvaptan is indicated for slowing the decline of kidney function in adults. This launch represents a significant step for Lupin in expanding its portfolio of renal care products.
Stock Market Today: Vardhman Special Steels Makes Investments In Sone Solar
Vardhaman Special Steels made investment of Rs 3.6 crore in Sone Solar towards part payment of second tranche, according to an exchange filing.
Stock Market Live: Tata Motors Approves To Raise Rs 500 Crore
Tata Motors Ltd. approved allotment of Non-convertible debentures aggregating Rs 500 crore on private placement basis, according to exchange filing.
Hindustan Petroleum Is Morgan Stanley's Top Pick Among Oil Retailers — Here's Why
Hindustan Petroleum Corp. is Morgan Stanley's top preference among oil marketing companies, amid rising oil supply. "HPCL is a levered play from rising global oil supply and benefits from improved refinery hardware," the report stated. The brokerage predicts HPCL's Ebitda to go up to $4.5 billion in fiscal 2028.
Stock Market Live: L&T Gets Order In Range Of Rs 2,500–5,000 Crore
Larsen & Toubro Ltd. received order in the range of Rs 2,500–5,000 crore. The orders are for engineering, procurement, and construction segments from Central Public Works Department for the construction of Common Central Secretariat buildings 6 and 7 in New Delhi, the company said in an exchange filing.
Stock Market Today: Awfis Space Announces On-Boarding Of Global Organisation
Awfis Space Solutions announced onboarding of three Prominent Global Organisations at Premium Centres in Hyderabad, it said in an exchange filing.
Stock Market Live Update: Power Mech Projects Gets Order Worth Rs 972 Crore
Power Mech Projects Ltd. has secured a significant order worth Rs 972 crore from Telangana Power Generation Corporation. This order involves extensive construction and infrastructural works.
Swiggy Share Price Drops As Lock-In Period Ends
Swiggy's share price fell on Tuesday, as the lock-in period for its pre-IPO investors concluded. The six-month lock-in period for non-promoter shareholders ended on May 13, 2025, which could have potentially led to increased selling pressure on the stock.
The share price declined 7.27% on Tuesday.
Nifty IT Emerges As Top Loser As Infosys, HCLTech Shares Drag
The NSE Nifty IT index declined as much as 1.59% to 37,672.85 as Infosys Ltd., and HCLTech Ltd. shares weighed on the index. It was trading 1.52% down at 37,743.38 as of 9:50 a.m. It's worst performing sector on NSE.
Sectoral Performance At Open: Nifty IT Declines Most
On NSE, 10 sectoral indices declined, three advanced, and two remained flat out of 15. The NSE Nifty IT declined the most, and the NSE Nifty Pharma advanced the most.
Nifty Detractors: Infosys, ICICI Bank, Kotak Mahindra Bank Weigh Most
Infosys Ltd., ICICI Bank Ltd., Kotak Mahindra Bank Ltd., HDFC Bank Ltd., and Larsen & Toubro Ltd. weighed on the Nifty 50 index.
Sun Pharmaceutical Industries Ltd., Bharat Electronics Ltd., Bajaj Finance Ltd., and Dr. Reddy's Laboratories Ltd. added to the Nifty 50 index.
Stock Market News Today: Nifty, Sensex Swing; Infosys, HDFC Bank Shares Weigh Most
The NSE Nifty 50 and BSE Sensex swung between gains and losses at open as Infosys Ltd. and HDFC Bank Ltd. weighed while Sun Pharmaceutical Industries Ltd., and Bharat Electronics Ltd. added to the Nifty 50 index.
The Nifty 50 was trading 105.75 points or 0.42% down at 24,818.95, and the Sensex was trading 471.58 points or 0.57% down as of 9:29 a.m.
Stock Market Today: Nifty, Sensex Fall At Pre-Open
At pre-open, the NSE Nifty 50 was trading 0.24% down at 24,864.05, and the BSE Sensex was trading 0.20% down at 82,261.54.
Yield On The 10-Year Bond Falls
The yield on the 10-year bond opened 5 basis points lower at 6.33%
It closed at 6.38% Thursday
Source: Bloomberg
Rupee Surges Against US Dollar
Rupee opened 75 paise stronger at 84.65 against US Dollar
It closed at 85.38 a dollar on Friday
Source: Bloomberg
Stock Market Live Update: HSBC Upgrades IIFL Finance, Hikes Target
Upgrade to Buy, hike target to Rs 550 (from Rs 388), see 41% upside
Microfinance recovery, higher liquidity, lower cost of funds to aid
Key risks: Higher competition in gold loans, lower yields, higher expenses
Revise FY26e/FY27e EPS by -6.0/+0.5%
See 13-15% exit RoE in Q4FY26e
MOSFL Initiates Coverage On Jindal Stainless With Buy
Target price of Rs 770, which implied a 26% upside
Strategic expansion to strengthen its global leadership
Expansion underway to cater to robust demand
Key Risks: Nickel price volatility, rise in imports, and domestic demand slowdown
OCF would comfortably fund the ongoing capex for next two years
Expects EBITDA/Adj. PAT CAGR of 17/21% over FY25-27
Why Sun Pharma Could Face Pricing Pressure Due To Trump's Drug Cost Reductions
US President Donald Trump has announced plans to significantly reduce prescription drug prices in the country, stating on social media that prices would be cut by over 59%. While the details of the executive order are still awaited, Sun Pharmaceutical Industries Ltd.’s US exposure makes it a key company to watch.
Read the full article here.
Stock Market Live Update: Macquarie On IT Sector
Current pause in US-China tariffs lends support to thesis that we are not likely to see sharp cutbacks to IT spending
See a resolution or at least indications of progress in trade talks over the next 90 days
This could give confidence to firms to embark on larger IT programs
That could provide upside to current estimates
Continue to be optimistic about medium-term growth prospects
See multi-year technology refresh due to significant changes in underlying hardware
Expect to drive enterprise technology architecture changes
This will mean that we are in a multiyear supercycle of spending - the first since the 2000s
Stock Market Live: CLSA India Strategy
A shift in the macro set-up; Trade fears recede
Raise IT to Overweight from Underweight; add Tech Mahindra & replace TCS with Infosys in portfolio
Potential end to India-Pakistan face-off sees market rally
But a China-US trade deal may reduce the halo of India’s TINA trade
IT the best way to gain exposure to receding trade war fears
Remain defensive as India is the most expensive market in the world
Continue to foresee rate cuts by the RBI; prefer to gain exposure to this via our Overweight in real estate along with IndusInd bank
Also like staples, utilities, real estate, banks and energy over industrials, materials, healthcare and discretionary
Asia Market Update: Indices Surge As US & China Lower Tariffs
Markets in Japan, China, Australia, and South Korea advanced in Tuesday's session as US and China agreed to lower tariffs on each other following negotiation over the weekend.
US Treasury Secretary Scott Bessent and US Trade Representative Jamieson said in a press briefing Monday that both sides will reduce tariffs by 115%.
Japan's Topix advanced for 13 days in a row to be on its way to record the best winning streak in 16 years. The index was trading 1.24% higher at 2,775.96 as of 7:42 a.m. The Nikkei 225, S&P ASX 200 were trading 1.63% and 0.73% higher, respectively. The CSI 300 was 0.17% higher at 3,893.06 as of 7:44 a.m.
US Market Update: S&P 500 Ends Over 3%, Nasdaq 100 Over 4% On US-China Trade Truce
US share indices logged sharp gains in Monday's session as US and China greed to lower tariffs on each other for 90 days. The S&P 500 ended 3.26% higher. The Nasdaq 100 index ended 4.02% higher and entered bull market, according to Bloomberg.
The latest positive development in the US and China trade negotiation made investors hope that this is the end of all US tariff-related challenges in the international trade ecosystem. This hope has given boost to riskier assets like equities.
The Dow Jones Industrial Average ended 2.81% higher at 42,410.10 Monday.
GIFT Nifty Implies Muted Start; Gensol Engineering, Paytm, Tata Steel Share Prices In Focus
The GIFT Nifty was trading 0.10% or 24.50 points lower at 24,923.50 as of 6:53 a.m., which indicated that the Nifty 50 will likely start Tuesday on a muted note.
Tata Steel Ltd., Zaggle Prepaid Ocean Services Ltd., Raymond Lifestyle Ltd., and Chalet Hotels Ltd. share prices will likely react because of their recently released fourth quarter results.
Traders will also keep an eye on One 97 Communications Ltd., KFin Technologies Ltd., Gensol Engineering, and Aether Industries Ltd. because of the news flow.
The benchmark indices ended higher on Monday as they closed above 3%. The Indian stock markets experienced a significant surge on first day of the ongoing week, driven by improved investor sentiment following a notable reduction in tensions between India and Pakistan.
Nifty 50 ended 3.82% higher at 24,924.70 and Sensex ended 3.74% up at 82,429.90.
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