Stock Market Crash News Today Live Updates: Nifty Slips Below 23,900, Sensex Slides 900 Points; Hyundai India, Tata Consumer Up Over 3% After Q4 Results

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• Hyundai Motor India shares rose as much as 4% to Rs 1,920.20 despite Q4FY26 results missing estimates, aided by management guidance and brokerage commentary.
• The company reported a 5.4% year-on-year rise in revenue to Rs 18,916 crore, while EBITDA fell 22.4% to Rs 1,966 crore and margin narrowed to 10.4%. Net profit declined 22.2% to Rs 1,256 crore. Management guided for 8–10% domestic and export volume growth and FY27 EBITDA margin of 11–14%, and announced two new model launches in FY27 along with capacity expansion plans.

• Tata Consumer Products shares rose as much as 5% to Rs 1,231 after the company reported Q4FY26 results that beat estimates.
• The company posted a 17.9% year-on-year rise in revenue to Rs 5,434 crore and a 27.6% increase in EBITDA to Rs 792 crore, with margin expanding to 14.6%. Net profit rose 21.4% to Rs 419 crore. Brokerages maintained ‘Buy’ ratings, citing strong India business volumes, growth in key segments and guidance for further margin expansion in FY27.

Only three stocks were trading in the green on the Nifty in early deals. Tata Consumer Products led gains, followed by Max Healthcare and Apollo Hospitals, while the rest of the index constituents declined.

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• Shares of oil marketing companies declined in early trade amid a rise in crude oil prices.
• Indian Oil Corp fell about 2.1%, Hindustan Petroleum slipped nearly 2%, and Bharat Petroleum dropped around 1.9%, as higher crude prices weighed on sentiment.

   

 

Indian equity benchmarks opened sharply lower. The Nifty fell as much as 1.15% to 23,897, while the Sensex dropped 1.22%, or about 944 points, to 76,384.65.

Key events to track today include April AMFI data, the CII annual general meeting and US home sales data. Q4 earnings are due from Indian Hotels, JSW Energy and UPL, while Easy Trip Planners, Shriram Pistons & Rings and Affle 3i have fundraising plans. Sector-specific updates include Karnataka’s alcohol policy, expected US tariff refunds and anchor lock-in expiry at Aequs.

• Indian equity benchmarks traded lower in pre-open deals, with the Nifty slipping below the 24,000 mark and the Sensex down over 400 points.
• Brent crude traded above $104 per barrel amid rising tensions between the US and Iran, adding pressure to market sentiment.

The Indian rupee opened weaker against the US dollar and fell as much as 43 paise to 94.91 in early trade.

Brokerage views on Swiggy remained mixed after Q4FY26, with food delivery performance holding up while quick commerce trends softened.

• Macquarie upgraded Swiggy to ‘Neutral’ after the stock fell about 30% from IPO levels, citing better food delivery momentum but slower Instamart growth and muted dark store additions.

• Nomura, UBS, Citi and Jefferies retained ‘Buy’ ratings but cut target prices, flagging strong food delivery growth, gradual margin improvement and elevated losses in quick commerce.

• Morgan Stanley maintained ‘Equal Weight’, pointing to weaker quick commerce momentum and limited near-term visibility on contribution margin breakeven, while food delivery performance remained steady.

• HSBC retained its ‘Buy’ rating and raised the target price to Rs 4,930, citing jewellery business performance and raised FY27–28 EPS estimates by 3–5%. J.P. Morgan upgraded Titan to ‘Overweight’ and raised the target price to Rs 5,400.

• Goldman Sachs maintained ‘Buy’ and raised the target price to Rs 5,400, while Citi retained ‘Neutral’ and raised the target price to Rs 5,075, flagging pressure on jewellery margins due to higher bullion prices.

• Brokerages said jewellery demand supported revenue growth, while margin trends reflected bullion price movements, product mix and competitive intensity.

According to Devarsh Vakil, Head of Prime Research at HDFC Securities, global markets ended last week at record highs, led by gains in the S&P 500 and Nasdaq on strong US earnings and higher-than-expected job additions, while energy stocks outperformed amid a rise in crude oil prices above $105 per barrel.

He said Indian benchmarks closed the week lower, with the Nifty 50 down about 0.6% and the Sensex falling around 0.7%, as profit booking in heavyweight stocks and continued foreign outflows weighed on sentiment. Vakil added that rising crude prices and global geopolitical tensions are adding pressure, while recent remarks by PM Modi urging restraint on fuel use, gold purchases and non-essential foreign travel highlight concerns around India’s external balances.

Goldman Sachs said foreign ownership in Indian equities has fallen to historical lows and foreign selling may be close to exhaustion, with downside risk from incremental outflows seen at $4–5 billion.

The brokerage said foreign flows may not return immediately even if oil prices fall, citing low visibility on earnings recovery and less attractive risk-reward versus North Asia. It added that stocks with low foreign ownership and positioning could outperform when sentiment improves, and reiterated a positive view on select financials and staples.

Brokerages flagged margin pressure at Bank of Baroda after its Q4FY26 earnings, while noting support from lower costs, tax refund interest, recoveries and one-off items.

• Macquarie maintained its ‘Neutral’ rating with a target price of Rs 280. It said profit beat estimates due to lower operating costs, while near-term margins may face pressure from deposit costs.

• UBS maintained its ‘Buy’ rating with a target price of Rs 350. It said profit beat estimates due to non-core items, while loan growth remained strong at 16.2% year-on-year.

• CLSA maintained its ‘Outperform’ rating with a target price of Rs 335. It cited strong loan growth, stable asset quality, floating provisions of Rs 1,500 crore and lower fee income.

• Citi maintained its ‘Buy’ rating and cut the target price to Rs 340 from Rs 360. It said profitability was helped by one-offs, while core margin trajectory remained under pressure.

Brokerages largely retained positive ratings on State Bank of India after Q4FY26, while highlighting pressure on net interest margins.

• Citi maintained its ‘Buy’ rating with a target price of Rs 1,230. It said NIM contracted due to repricing of EBLR and MCLR loans and a higher floating-rate mix, and cut earnings estimates by 3–4% for FY27–FY28.

• Jefferies maintained its ‘Buy’ rating with an unchanged target price of Rs 1,300. It said the weak quarter was temporary, expects margins to stabilise in FY27, and sees loan growth sustaining at 13–14%.

• J.P. Morgan maintained ‘Overweight’ and cut its target price to Rs 1,225. It cited lower yields on repo-linked loans as a drag on margins, while asset quality remained stable.

• CLSA maintained ‘Outperform’ with a target price of Rs 1,275, flagging a sharp NIM miss but steady asset quality and strong loan growth.

• HSBC maintained ‘Buy’ and raised its target price to Rs 1,170. It said margins remain key for re-rating and cut FY27–FY28 EPS to reflect NIM pressure.

• Macquarie maintained ‘Outperform’ with a target price of Rs 1,150. It said earnings missed estimates due to weak margins and trading losses, while asset quality remained stable.

• Urban Company’s Q4FY26 consolidated revenue rose 42.6% year-on-year to Rs 426 crore. EBITDA loss widened to Rs 114 crore from Rs 9.9 crore, while net loss stood at Rs 161 crore against Rs 2.8 crore a year earlier.
• The review said net transaction value rose 42%, led by growth in the core India, Native and international businesses. The management reiterated guidance for consolidated adjusted EBITDA breakeven by the third quarter of FY28.

• Tata Consumer Products’ Q4FY26 consolidated revenue rose 17.9% year-on-year to Rs 5,434 crore, while EBITDA rose 27.6% to Rs 792 crore. EBITDA margin expanded to 14.6% from 13.5%, and net profit rose 21.4% to Rs 419 crore.
• Goldman Sachs maintained its ‘Buy’ rating and raised the target price to Rs 1,450 from Rs 1,400. HSBC maintained ‘Buy’ and cut the target price to Rs 1,380 from Rs 1,390, while Jefferies kept its ‘Buy’ call and raised the target price to Rs 1,450 from Rs 1,310.

• ABB India’s Q1CY26 revenue rose 5.8% year-on-year to Rs 3,184 crore, while EBITDA fell 27% to Rs 408 crore. EBITDA margin narrowed to 12.8% from 18.6%.
• Net profit stood at Rs 1,784 crore, compared with Rs 475 crore a year earlier. The review said execution was hit by West Asia disruptions, commodity inflation and a weaker product mix, while order intake rose 25% to Rs 4,280 crore.

Bajaj Healthcare’s Q4FY26 consolidated revenue fell 0.9% year-on-year to Rs 1,530 crore, while EBITDA rose 1.2% to Rs 256 crore. EBITDA margin stood at 16.7% against 16.4%.

The company reported a net loss of Rs 23 crore against a profit of Rs 11 crore a year earlier. The review cited pricing pressure in domestic APIs, higher raw material costs and income reversal from a Middle East client after project cancellation.

• Brokerages maintained positive ratings on State Bank of India after its Q4FY26 earnings, while flagging pressure on margins.

• Citi retained its ‘Buy’ rating with a target price of Rs 1,230. It said net interest margin contracted due to repricing of external benchmark-linked and MCLR loans, and a higher share of floating-rate loans.

• J.P. Morgan maintained its ‘Overweight’ rating and cut its target price to Rs 1,225 from Rs 1,260. It said SBI’s fourth-quarter results showed growth in advances and stable asset quality.

• Macquarie maintained its ‘Outperform’ rating with a target price of Rs 1,150. It said profit missed estimates due to weak margins and trading losses.

• SBI’s Q4FY26 net profit rose 5.6% year-on-year to Rs 19,684 crore, while net interest income rose 4.1% to Rs 44,380 crore. Gross NPA stood at 1.49% against 1.57% sequentially.

Aditya Infotech, Dalmia Bharat, Prime Focus, JSW Infrastructure, Lemon Tree Hotels, E2E Networks, Fino Payments Bank, ABB India, Alkem Laboratories, NHPC, Bank of Baroda, IRB Infrastructure, Tata Consumer Products, JSW Steel, Mahindra & Mahindra, Bajaj Finserv, PB Fintech, GHV Infra, Sambhv Steel, CMS Info Systems and Reliance Communications are among stocks in news.

• Aditya Infotech received an administrative warning letter from SEBI for compliance lapses under insider trading regulations. Dalmia Bharat denied social media reports linked to an SFIO fraud case and said it operates in compliance with applicable laws.

• JSW Infrastructure filed a plea in the Himachal Pradesh High Court against demand notices issued by state authorities. Alkem Laboratories said the USFDA completed an unannounced inspection at its Taloja CRO facility with no Form 483 issued.

• Fino Payments Bank reported 9% growth in accounts opened in April, while average total deposits rose 13% to Rs 2,801 crore. Bank of Baroda will raise up to Rs 6,000 crore through Tier 1 and Tier 2 bonds.

• GHV Infra received a letter of intent worth about Rs 7,000 crore for EPC works at the Cameroon Tyres Factory Project. CMS Info Systems received a Rs 400 crore service order from HDFC Bank for ATM managed services.

• Mahindra & Mahindra reported 8.7% year-on-year growth in April production and 12.6% growth in sales. IRB Infrastructure Developers said April toll collections rose 23.6% year-on-year to Rs 795 crore.

• Reliance Communications said the CBI conducted a seizure operation at its Navi Mumbai office and that business operations continue as normal. A separate update said PNB classified Reliance Telecom’s loan account as fraud and will report the classification to the RBI.

Hyundai Motor India

• Q4FY26 consolidated revenue rose 5.4% to Rs 18,916 crore from Rs 17,940 crore a year earlier.
• EBITDA fell 22.4% to Rs 1,966 crore from Rs 2,532 crore. Margin stood at 10.4% against 14.1%.
• Net profit fell 22.2% to Rs 1,256 crore from Rs 1,614 crore. The company declared a final dividend of Rs 21 per share.

Urban Company

• Q4FY26 consolidated revenue rose 42.6% to Rs 426 crore from Rs 298 crore a year earlier.
• EBITDA loss stood at Rs 114 crore against a loss of Rs 9.9 crore.
• Net loss stood at Rs 161 crore against a loss of Rs 2.8 crore.

JSW Infrastructure

• Q4FY26 consolidated revenue rose 18.6% to Rs 1,522 crore from Rs 1,283 crore a year earlier.
• EBITDA rose 20% to Rs 769 crore from Rs 641 crore. Margin stood at 50.5% against 50%.
• Net profit fell 17.9% to Rs 418 crore from Rs 509 crore.

Swiggy

• Q4FY26 consolidated revenue rose 44.7% to Rs 6,383 crore from Rs 4,410 crore a year earlier.
• EBITDA loss stood at Rs 697 crore against a loss of Rs 962 crore.
• Net loss stood at Rs 800 crore against a loss of Rs 1,081 crore. Losses were higher than Street estimates.

Bank Of Baroda

• Q4FY26 standalone net interest income rose 9% to Rs 12,494 crore from Rs 11,494 crore a year earlier.
• Operating profit rose 11.5% to Rs 9,069 crore from Rs 8,132 crore. Net profit rose 11.3% to Rs 5,616 crore from Rs 5,048 crore.
• Gross NPA stood at 1.89% against 2.04% sequentially. Net NPA stood at 0.45% against 0.57%. The bank declared a dividend of Rs 8.5 per share for FY26.

Tata Consumer Products

• Q4FY26 consolidated revenue rose 17.9% to Rs 5,434 crore from Rs 4,608 crore a year earlier.
• EBITDA rose 27.6% to Rs 792 crore from Rs 621 crore. Margin stood at 14.6% against 13.5%.
• Net profit rose 21.4% to Rs 419 crore from Rs 345 crore. The company declared a dividend of Rs 10 per share. Earnings beat Street estimates.

ABB India

• Q4FY26 standalone revenue rose 5.8% to Rs 3,184 crore from Rs 3,010 crore a year earlier.
• EBITDA fell 27% to Rs 408 crore from Rs 560 crore. Margin stood at 12.8% against 18.6%.
• Net profit stood at Rs 1,784 crore against Rs 475 crore. Profit beat estimates, while EBITDA and margin missed estimates.

Bank Of India

• Q4FY26 standalone net interest income rose 11% to Rs 6,730 crore from Rs 6,063 crore a year earlier.
• Net profit rose 14.8% to Rs 3,016 crore from Rs 2,626 crore.
• Gross NPA stood at 1.98% against 2.26% sequentially. Net NPA stood at 1.01% against 0.96%. The bank declared a dividend of Rs 4.65 per share.

ArisInfra Solutions

• Q4FY26 consolidated revenue rose 55.3% to Rs 343.4 crore from Rs 221 crore a year earlier.
• EBITDA stood at Rs 30.5 crore against Rs 10 crore. Margin stood at 8.9% against 4.5%.
• Net profit stood at Rs 19.8 crore against a loss of Rs 1.4 crore.

CreditAccess Grameen

• Q4FY26 consolidated total income rose 10.8% to Rs 1,560 crore from Rs 1,408 crore a year earlier.
• Net profit stood at Rs 340 crore against Rs 47 crore.

Oberoi Realty

• Q4FY26 consolidated revenue rose 52.1% to Rs 1,750 crore from Rs 1,150 crore a year earlier.
• EBITDA rose 55.4% to Rs 960 crore from Rs 618 crore. Margin stood at 54.9% against 53.7%.
• Net profit rose 62.4% to Rs 703 crore from Rs 433 crore.

Grindwell Norton

• Q4FY26 consolidated revenue rose 18.7% to Rs 842 crore from Rs 710 crore a year earlier.
• EBITDA rose 29% to Rs 164 crore from Rs 127 crore. Margin stood at 19.5% against 17.9%.
• Net profit rose 28.3% to Rs 119 crore from Rs 92.5 crore. The company declared a dividend of Rs 19 per share for FY26.

Niva Bupa Health Insurance

• Q4FY26 standalone total income rose 32.8% to Rs 2,078 crore from Rs 1,564 crore a year earlier.
• Net profit rose 67.5% to Rs 345 crore from Rs 206 crore.

Northern Arc Capital

• Q4FY26 consolidated total income rose 22.8% to Rs 745 crore from Rs 607 crore a year earlier.
• Net profit stood at Rs 133 crore against Rs 37.8 crore.
• The company approved issuance of non-convertible debentures of up to Rs 5,000 crore.

Shipping Corporation Of India

• Q4FY26 consolidated revenue rose 14.2% to Rs 1,513 crore from Rs 1,325 crore a year earlier.
• EBITDA rose 67.8% to Rs 612 crore from Rs 365 crore. Margin stood at 40.4% against 27.5%.
• Net profit stood at Rs 405 crore against Rs 185 crore.

Balkrishna Industries

• Q4FY26 consolidated revenue rose 6.6% to Rs 2,933 crore from Rs 2,752 crore a year earlier.
• EBITDA rose 4.3% to Rs 640 crore from Rs 614 crore. Margin stood at 21.8% against 22.3%.
• Net profit fell 18.7% to Rs 299.5 crore from Rs 368.6 crore.

Bombay Dyeing

• Q4FY26 consolidated revenue rose 10.3% to Rs 396 crore from Rs 359 crore a year earlier.
• EBITDA loss stood at Rs 1.6 crore against a loss of Rs 12.9 crore.
• Net profit rose 82.3% to Rs 21 crore from Rs 11.5 crore. The company decided not to pursue a rights issue.

Rain Industries

• Q4FY26 consolidated revenue rose 20% to Rs 4,521 crore from Rs 3,768 crore a year earlier.
• EBITDA rose 83.1% to Rs 697 crore from Rs 380 crore. Margin stood at 15.4% against 10.1%.
• Net profit stood at Rs 121 crore against a loss of Rs 138 crore.

Shree Renuka Sugars

• Q4FY26 consolidated revenue fell 6.2% to Rs 2,549 crore from Rs 2,716 crore a year earlier.
• EBITDA fell 51.7% to Rs 135 crore from Rs 279 crore. Margin stood at 5.3% against 10.3%.
• Net loss stood at Rs 121.4 crore against a profit of Rs 93.1 crore.

Multi Commodity Exchange Of India

• Q4FY26 consolidated revenue rose 33.6% sequentially to Rs 889 crore from Rs 666 crore.
• EBITDA rose 34.5% to Rs 666 crore from Rs 495 crore. Margin stood at 74.9% against 74.4%.
• Net profit rose 32.1% to Rs 530 crore from Rs 401 crore. The company declared a dividend of Rs 8 per share.

Kalyani Steels

• Q4FY26 consolidated revenue fell 11% to Rs 484 crore from Rs 544 crore a year earlier.
• EBITDA fell 13.4% to Rs 99 crore from Rs 114 crore. Margin stood at 20.4% against 21%.
• Net profit fell 10.6% to Rs 71.7 crore from Rs 80.2 crore. The company declared a dividend of Rs 10 per share.
• Bantu Upendra Kumar Patro was appointed chief financial officer.

Sasken Tech

• Q4 consolidated revenue rose 33.5% sequentially to Rs 334 crore from Rs 250 crore.
• EBIT rose 49% to Rs 22.9 crore from Rs 15.3 crore. Margin stood at 6.8% against 6.1%.
• Net profit stood at Rs 27 crore against Rs 7.8 crore.

Lloyds Enterprises

• Q4 consolidated revenue stood at Rs 720 crore against Rs 299 crore sequentially.
• EBITDA rose 84.4% to Rs 45.3 crore from Rs 24.5 crore. Margin stood at 6.3% against 8.2%.
• Net profit stood at Rs 38.1 crore against a loss of Rs 7.9 crore.

Advanced Enzyme Technologies

• Q4 consolidated revenue rose 21.6% to Rs 203.4 crore from Rs 167.2 crore a year earlier.
• EBITDA rose 38.7% to Rs 63.2 crore from Rs 45.6 crore. Margin stood at 31.1% against 27.3%.
• Net profit rose 62.2% to Rs 43 crore from Rs 26.5 crore.
• The company reappointed Mukund Madhusudan Kabra as whole-time director for five years.

Birla Corp

• Q4 consolidated net profit rose 14.9% to Rs 295 crore from Rs 257 crore a year earlier.
• Revenue rose 0.8% to Rs 2,836 crore from Rs 2,815 crore.
• EBITDA fell 4.4% to Rs 510 crore from Rs 534 crore. Margin stood at 18% against 19%.
• The quarter included a one-time loss of Rs 28 crore against a one-time gain of Rs 38 crore a year earlier.

Sambhv Steel

• Q4 consolidated revenue rose 38.4% to Rs 685 crore from Rs 495 crore a year earlier.
• EBITDA rose 91.7% to Rs 92.3 crore from Rs 48.1 crore. Margin stood at 13.5% against 9.7%.
• Net profit stood at Rs 53.3 crore against Rs 16.6 crore.

Gujarat Ambuja Exports

• Q4 consolidated revenue rose 15.8% to Rs 1,467 crore from Rs 1,267 crore a year earlier.
• EBITDA stood at Rs 195 crore against Rs 62 crore. Margin stood at 13.3% against 4.9%.
• Net profit stood at Rs 135 crore against Rs 32 crore.

Affle 3i

• Q4 consolidated revenue rose 20.3% to Rs 724 crore from Rs 602 crore a year earlier.
• EBITDA rose 20.3% to Rs 161 crore from Rs 134 crore. Margin was unchanged at 22.2%.
• Net profit rose 16% to Rs 120 crore from Rs 103 crore.
• The company will issue 74 lakh warrants worth about Rs 1,100 crore. Promoter holding will rise to 57.23% from 54.98%.

Atlanta Electricals

• Q4 consolidated revenue rose 81.7% to Rs 747.6 crore from Rs 411.5 crore a year earlier.
• EBITDA stood at Rs 149.6 crore against Rs 68.6 crore. Margin stood at 20% against 16.7%.
• Net profit stood at Rs 102.2 crore against Rs 44.7 crore.

Medi Assist Healthcare

• Q4 consolidated revenue rose 28.2% to Rs 242 crore from Rs 189 crore a year earlier.
• EBITDA rose 18.7% to Rs 48.3 crore from Rs 40.7 crore. Margin stood at 19.9% against 21.5%.
• Net profit stood at Rs 53.4 crore against Rs 21.5 crore.

Kewal Kiran Clothing

• Q4 consolidated revenue rose 12.4% to Rs 323.8 crore from Rs 288.1 crore a year earlier.
• EBITDA rose 18.4% to Rs 61.7 crore from Rs 52.1 crore. Margin stood at 19.1% against 18.1%.
• Net profit rose 6.4% to Rs 31 crore from Rs 29.1 crore.

Utkarsh Small Finance Bank

• Q4 net loss stood at Rs 188 crore against a profit of Rs 2.97 crore a year earlier.
• Net interest income fell 8.6% to Rs 376 crore from Rs 411 crore.
• Gross NPA stood at 7.7% against 11.1% sequentially. Net NPA stood at 3.3% against 4.5%.
• Provisions stood at Rs 244 crore against Rs 446 crore sequentially and Rs 223 crore a year earlier.
• Operating profit fell 94.73% to Rs 12.31 crore from Rs 233.98 crore.

Blue Dart

• Q4 consolidated revenue rose 8.2% to Rs 1,533 crore from Rs 1,417 crore a year earlier.
• EBITDA rose 4.2% to Rs 222 crore from Rs 213 crore. Margin stood at 14.5% against 15%.
• Net profit fell 11.4% to Rs 49 crore from Rs 55.2 crore.

Paisalo Digital

• Q4 net profit rose 58.3% to Rs 71.3 crore from Rs 45 crore a year earlier.
• Total income rose 34.8% to Rs 256 crore from Rs 190 crore.

• Mahindra & Mahindra reported a 12.6% year-on-year increase in April sales at 92,631 units.
• Production during the month rose 8.7% year-on-year to 95,276 units.

Bank of Baroda, Tata Consumer, CreditAccess Grameen, Oberoi Realty, MCX and Shipping Corporation of India are among stocks to watch after reporting results after Friday’s close.

Urban Company, JSW Infra, Swiggy, Bank of India, Blue Dart and Birla Corp reported inline or mixed numbers. Hyundai, ABB, Balkrishna Industries, Shree Renuka, Kalyani Steel and Utkarsh Small Finance Bank are also in focus after their earnings.

Abbott India, Anant Raj, Aurionpro Solutions, Canara Bank, D B Corp, Indian Hotels Company, JB Chemicals & Pharmaceuticals, JSW Energy, Nuvama Wealth Management, PVR Inox, Shyam Metalics and Energy, Syrma SGS Technology and UPL are among companies scheduled to report earnings today.

China’s consumer prices rose 1.2% year-on-year in April, compared with an estimate of 0.9%, Bloomberg data showed. Producer prices increased 2.8%, against an estimate of 1.8%, while core CPI also rose 1.2%.

• Vodafone Idea, Alkem Labs, E2E Networks, Fino Payments Bank, GHV Infra, Lemon Tree Hotels, PB Fintech, Krishna Institute of Medical Sciences, Sambhv Steel and CMS Info Systems will be in focus.
• Vodafone Plc is said to be considering a transfer of part of its stake in its India unit, while Alkem Labs received zero Form 483 observations from the USFDA.
• CMS Info Systems received a Rs 400 crore service order from HDFC Bank, and GHV Infra received a Rs 7,000 crore letter of intent for the Cameroon Tyres Factory Project.

GIFT Nifty traded at 24,064, below the Nifty 50’s previous close of 24,176.15 on Friday.

U.S. West Texas Intermediate futures for June delivery rose 3.08% to $95.42 per barrel. Brent crude futures for July delivery gained 3.16% to $104.49 per barrel.

• South Korea’s Kospi opened 3.67% higher at a record level, while the Kosdaq edged up.
• Japan’s Nikkei 225 rose 0.81% and the Topix gained 0.32%.
• Australia’s S&P/ASX 200 fell 0.71%, while Hang Seng futures traded below the index’s previous close.