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The GIFT Nifty, an early indicator of Nifty 50's performance traded at 24,286.50, compared to Tuesday's index close of 24,032.80.
Meanwhile, Brent crude futures for July delivery fell 1.21% to $108.54 per barrel on Tuesday. US West Texas Intermediate futures dropped 1.76% to $100.5 per barrel. Elsewhere in Asia, South Korea's Kospi crossed the 7,000 mark for the first time on Wednesday, rising as much as 5.8% to 7,338.61. Asian markets advanced after signs of easing tensions in the Middle East pushed oil prices lower. Australia's S&P/ASX 200 rose 0.58%, while Hang Seng futures traded below the index's previous close. Japanese markets were shut for a public holiday.
Companies scheduled to report earnings today include Bajaj Auto, Polycab India, Shree Cement, Godrej Consumer Products, PB Fintech and One 97 Communications. Other results are expected from Birlasoft, Blue Star, CESC, CG Power and Industrial Solutions, Hexaware Technologies and Kansai Nerolac Paints.
May 06, 2026 08:55 (IST)
Stock Market Live: Brokerages Maintain Overweight On Hero MotoCorp After Q4
- JPMorgan, Morgan Stanley and Citi maintained Buy or Overweight ratings on Hero MotoCorp with target prices ranging from Rs 6,385 to Rs 6,900.
- Brokerages said Q4 performance was supported by pricing actions, cost management and higher realisations, while margins saw some pressure.
- Citi said demand has remained robust post GST cuts and market share gains in scooters and EVs are progressing, while all flagged commodity inflation and rural demand as risks.
May 06, 2026 08:49 (IST)
Stock Market Live: Kotak Downgrades Aarti Industries To Reduce
- Kotak Securities downgraded Aarti Industries to Reduce from Add and set a target price of Rs 460.
- The brokerage cited margin pressure from a flare-up in inflation and mixed trends in Q4FY26.
- Kotak said growth projects are expected to contribute gradually and flagged a cautious near-term outlook after the recent stock run-up.
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May 06, 2026 08:43 (IST)
Stock Market Live: Brokerages Cut PNB Target Prices After Q4
- Kotak Securities, UBS, Citi and Jefferies maintained mixed ratings on Punjab National Bank while cutting target prices after Q4 results.
- Brokerages cited pressure on net interest margins and modest loan growth, with earnings supported by lower credit costs, provisions and operating expenses.
- Asset quality was seen as stable, though Citi flagged further NIM contraction and slower growth versus the system as key concerns.
May 06, 2026 08:35 (IST)
Stock Market Live: Brokerages Raise Marico Target Prices After Q4
- Jefferies, Morgan Stanley and Citi maintained Buy or Overweight ratings on Marico and raised target prices following the company’s Q4 performance and outlook.
- Brokerages cited higher FY27 EBITDA growth expectations, with guidance moving to high-teens growth, supported by stable input costs and favourable commodity trends.
- Citi said declining copra prices provide a buffer against cost pressures, while Jefferies and Morgan Stanley pointed to improved growth visibility.
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May 06, 2026 08:26 (IST)
Stock Market Live: Goldman Sachs Raises KEI Industries Target Price
- Goldman Sachs maintained a Buy rating on KEI Industries and raised its target price to Rs 5,005 from Rs 4,585.
- The brokerage said new capacity ramp-up is expected to drive faster growth from FY27 compared with peers.
- It added that resilient end-market demand amid capex supports medium-term growth expectations.
May 06, 2026 08:18 (IST)
Stock Market Live: Brokerages Retain Positive Stance On L&T After Q4
- Bernstein maintained an Outperform rating with a target price of Rs 4,637, citing near-term challenges from lower revenue and margin pressure, while noting strong working capital and returns.
- Jefferies maintained a Buy rating and raised its target price to Rs 4,885, pointing to growth visibility and the Lakshya 2031 plan with guidance of 10–12% order flow CAGR and 12–15% revenue CAGR.
- Both brokerages flagged softer near-term prospects for order inflows and flat margin guidance for next year.
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May 06, 2026 08:13 (IST)
Five Stocks To Buy Today: Mahindra & Mahindra, Bajaj Finance, Surya Roshni, And More
May 06, 2026 08:12 (IST)
Stock Market Live: Citi Says ECLGS 5.0 Positive For Banks
- Citi said the approval of ECLGS 5.0 could enable incremental credit flow of about Rs 2.55 trillion to MSMEs.
- The brokerage said the move is a direct policy response to disruptions from the West Asia crisis and is positive for credit sentiment, asset quality and financial stability.
- Citi said MSME-focused lenders, including Axis Bank, RBL Bank and PSU banks, are likely to benefit.
May 06, 2026 08:07 (IST)
Stock Market Live: Brokerages Retain Positive View On M&M After Q4
- Kotak Securities, JPMorgan and Citi maintained Buy or Overweight ratings on Mahindra & Mahindra and raised target prices, citing better-than-expected Q4 performance and improved guidance.
- Brokerages flagged higher auto realisations and strong SUV volumes, while noting margin pressure and weaker tractor profitability as near-term factors.
- Jefferies maintained a Buy rating but cut its target price, citing concerns around the tractor cycle, while highlighting steady auto performance and order momentum.
May 06, 2026 08:02 (IST)
Stock Market Live: Jefferies Flags Risks For IT Services From New AI Competition
- Jefferies said Anthropic’s entry into the IT services space could increase competitive risks for traditional IT services firms.
- The brokerage noted that ownership and access to frontier AI models may place existing players at a disadvantage and could affect new client additions.
- Jefferies said the development highlights the relevance of IT services offerings but advised staying selective.
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May 06, 2026 07:55 (IST)
Bull Run Over? Nithin Kamath Flags Conflicting Signals As Equity Inflows Turn Negative
May 06, 2026 07:52 (IST)
Stock Market Live: L&T Q4 Revenue Misses Estimates, Margin Below Expectation
- Larsen & Toubro reported Q4 consolidated revenue of Rs 82,762 crore, up 11.3% year on year, while net profit fell 3.1% to Rs 5,326 crore. EBITDA rose 5% to Rs 8,611 crore, with margin at 10.4%.
- The company guided for 10–12% order inflow CAGR and 12–15% revenue CAGR till FY31, and said margins are expected to remain flat next year.
- FY26 order inflow stood at Rs 4,35,600 crore, with the total order book at Rs 7,40,300 crore.
May 06, 2026 07:47 (IST)
Stock Market Live: ICICI Bank, SRF, Vodafone Idea Among Stocks In News
- ICICI Bank received an administrative warning letter from SEBI related to its Depository Participant operations and said it is taking corrective action. UCO Bank saw its GST demand reduced to Rs 5 crore from Rs 1,473 crore by the Mumbai tax authority.
- KEC International secured new orders worth Rs 1,002 crore. Indian Energy Exchange reported a 16.6% year-on-year rise in electricity traded volume to 12,341 MU in April. SRF approved an indefinite delay of its Rs 490 crore BOPP film capex and revised refrigerants capex to Rs 2,285 crore.
- Vodafone Idea appointed Kumar Mangalam Birla as non-executive chairman, while Ravinder Takkar resigned as chairman and was named non-executive vice chairman. Grasim Industries received relief after NCLAT set aside a Rs 302 crore penalty and sent the matter back to the CCI for a fresh hearing.
May 06, 2026 07:42 (IST)
Stock Market Live: Indian Companies Announce $1.1 Billion Investment In US
- Indian companies announced investments of more than $1.1 billion in the US at the SelectUSA Investment Summit.
- The investments span aerospace, defence, energy, advanced manufacturing and artificial intelligence, and are expected to create about 1,500 jobs.
- Abhyuday Group, Sterlite Technologies, PR Jindal Group, Jivo Wellness Group, TechDome Solutions and Atri AI were among the companies that announced investments.
Source: PTI
May 06, 2026 07:38 (IST)
Stock Market Live: Earnings Due From Bajaj Auto, Polycab, Shree Cement Today
- Companies scheduled to report earnings today include Bajaj Auto, Polycab India, Shree Cement, Godrej Consumer Products, PB Fintech and One 97 Communications.
- Other results are expected from Birlasoft, Blue Star, CESC, CG Power and Industrial Solutions, Hexaware Technologies and Kansai Nerolac Paints.
- The list also includes Aditya Birla Real Estate, Aptus Value Housing Finance, Arvind Fashions, Home First Finance Company India, Radico Khaitan, South Indian Bank and Sula Vineyards.
May 06, 2026 07:34 (IST)
Stock Market Live: China’s CSI 300 Rises As Markets Reopen After Holiday
- China’s CSI 300 index added 0.71% as trading resumed after the Labour Day break.
- Hong Kong’s Hang Seng index was little changed.
- The Hang Seng Tech index rose 0.21%.
May 06, 2026 07:30 (IST)
Stock Market Live: US Pauses Project Freedom In Strait Of Hormuz
- The US paused Project Freedom in the Strait of Hormuz, citing progress toward a final agreement with Iran.
- Authorities said the US naval blockade will remain in force during the pause.
- The initiative was launched to help the movement of ships through the Strait of Hormuz and was paused for a short period to assess whether an agreement can be finalised and signed.
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May 06, 2026 07:24 (IST)
Stock Market Live: Coforge, Hero MotoCorp Among Earnings Reaction To Watch
- Coforge, GNG Electronics, Lloyds Metals & Energy, SRF, Raymond Realty, Hero MotoCorp, Aavas Financiers and SJS Enterprises are among the earnings reaction to watch today.
- Larsen & Toubro, GHCL, United Breweries, PNB and Shoppers Stop reported negative results, as revenue and EBITDA missed at Larsen & Toubro, margin pressure at GHCL and PNB, and wider losses at Shoppers Stop.
May 06, 2026 07:20 (IST)
Stock Market Live: Kospi Crosses 7,000 For First Time As Asia Markets Rise
- South Korea’s Kospi crossed the 7,000 mark for the first time on Wednesday, rising as much as 5.8% to 7,338.61.
- Asian markets advanced after signs of easing tensions in the Middle East pushed oil prices lower.
- Australia’s S&P/ASX 200 rose 0.58%, while Hang Seng futures traded below the index’s previous close. Japanese markets were shut for a public holiday.
May 06, 2026 07:16 (IST)
Stock Market Live: S&P 500 And Nasdaq Close At Record Highs
- The S&P 500 rose 0.81% to close at a record 7,259.22.
- The Nasdaq Composite gained 1.03% to end at an all-time high of 25,326.13.
- The Dow Jones Industrial Average added 356.35 points, or 0.73%, to settle at 49,298.25.
May 06, 2026 07:12 (IST)
Stock Market Live: Nasdaq 100 Futures Rise As Dow Futures Slip
- Nasdaq 100 futures rose 0.6%, while S&P 500 futures gained 0.2%.
- Futures linked to the Dow Jones Industrial Average slipped 30 points, or less than 0.1%.
May 06, 2026 07:07 (IST)
Stock Market Live: Brent And WTI Futures Fall As Crude Prices Decline
- Brent crude futures for July delivery fell 1.21% to $108.54 per barrel on Tuesday.
- US West Texas Intermediate futures dropped 1.76% to $100.5 per barrel.
May 06, 2026 07:02 (IST)
Stock Market Live: GIFT Nifty Signals Higher Start For Nifty 50
- GIFT Nifty traded at 24,286.50, compared with Tuesday’s Nifty 50 close of 24,032.80.
- The level indicated a higher start for the Indian benchmark index.