Stock Market Crash News Highlights: Sensex Logs Worst May Since 2020, Nifty Worst Since 2022 As West Asia Crisis Remains An Overhang

• The Nifty 50 ended the week nearly 0.5% lower. ONGC was the top loser on the index, down nearly 8.5%, followed by Max Healthcare, which fell more than 5.5%.
• Broader markets outperformed the benchmark. The Nifty Midcap 150 gained 0.3% and closed higher for the second straight week, led by Adani Total Gas and Exide Industries. The Nifty Smallcap 250 rose more than 1% and also ended higher for the second consecutive week, with Wockhardt and HFCL among the top gainers.
• Nifty PSU Bank was the top sectoral gainer, rising more than 1.5% and snapping a five-week losing streak. Nifty FMCG was the top sectoral loser, down more than 1.5%, and fell for the third straight week. Nifty Auto snapped a two-week losing streak, while Nifty Pharma closed lower for the second week in a row. Nifty Bank, Nifty Realty and Nifty IT ended higher for the second consecutive week.

• The Sensex declined 2.8% in May, marking its worst May performance in six years. The index had fallen 3.8% in May 2020.
• The Nifty 50 fell 1.9% in May, its worst May performance in four years. The index had declined 3% in May 2022.
• Intraday, the Nifty fell as much as 1.8% to 23,484.75 after rising as much as 0.4% to 24,002 earlier. The Sensex declined as much as 1,278 points, or 1.7%, to 74,589.11 after gaining as much as 0.5% to 76,220 earlier.

The rupee strengthened 0.7% to close at 95.00 against the US dollar, compared with 95.70 on Wednesday.

• Nifty fell over 260 points in nine minutes ahead of MSCI rebalancing, taking the index down almost 500 points from the day’s high.
• The index was down more than 1.5% and was on track to close lower for the third straight session. Forty-seven of the 50 Nifty stocks traded in the red.
• Wipro, HCLTech and Tech Mahindra were the only Nifty stocks trading higher. InterGlobe Aviation, Eicher Motors and Tata Steel were the top Nifty losers, with each down more than 3.5%.

• National Aluminium Co. saw 20 lakh shares change hands in a block deal, Bloomberg reported.
• ONGC also saw 11.9 lakh shares traded in a block. Buyers and sellers were not immediately known.

• Brent crude futures for July fell 1.1%, or $1.04, to $92.67 a barrel.
• US oil futures declined $1.26, or 1.4%, to $87.64 a barrel.

• European markets traded higher, with the CAC 40 rising 1.10% and the IBEX 35 gaining 0.82%.
• The STOXX Europe 600 advanced 0.59%, while the FTSE MIB rose 0.54%. Germany’s DAX gained 0.31% and the FTSE 100 was up 0.23%.

• Nifty Oil and Gas fell 2.58%, leading sectoral losses, while Nifty Auto declined 2.29%. Nifty Consumption, Metal and Rural fell between 1.85% and 2.01%.
• Nifty Energy, Defence, Pharma, Financial Services and FMCG declined between 1.54% and 1.70%. Nifty IT was the only gainer, rising 0.43%.


 

Indian equity benchmarks extended losses after rising in opening trade.

The Nifty 50 fell as much as 1.6% to 23,515, after rising as much as 0.4% to 24,002 earlier in the day. The Sensex declined as much as 1,198 points, or 1.5%, to 74,669.52, after gaining as much as 0.5% to 76,220 earlier.

• Natco Pharma’s consolidated net profit fell 34.2% year-on-year to Rs 268 crore in the fourth quarter.
• Revenue declined 39.5% to Rs 739 crore, while Ebitda fell 76.8% to Rs 127 crore. Ebitda margin stood at 17.2%, compared with 44.9% a year earlier.

• AvenuesAI’s consolidated net profit rose 10.4% quarter-on-quarter to Rs 79.4 crore in the fourth quarter.
• Revenue increased 4.5% to Rs 2,489 crore, while EBIT declined 8.3% to Rs 70.6 crore. EBIT margin stood at 2.8%, compared with 3.2% in the previous quarter.

• Mishra Dhatu’s consolidated net profit rose 38.6% year-on-year to Rs 77.9 crore in the fourth quarter.
• Revenue increased 34.6% to Rs 553 crore, while Ebitda rose 24.3% to Rs 116 crore. Ebitda margin stood at 21%, compared with 22.7% a year earlier.

• US Ambassador Sergio Gor said the India-US TRUST initiative is delivering results, with both countries deciding to increase collaboration in defence, AI, semiconductors, quantum technologies, biotechnology and space.
• Gor said Amazon will invest $35 billion by 2030 under AI-driven digitisation, while Microsoft will invest $17.5 billion in cloud infrastructure. He also said Google has planned new investments.
• He said $20.5 billion in new investments have taken place in the US, including $19 billion in pharmaceuticals. Gor added that both countries will increase collaboration in research and development and promote investments in critical minerals.

• FACT’s net profit fell 95.5% year-on-year to Rs 3.2 crore in the fourth quarter.
• Revenue rose 41% to Rs 1,484 crore, while Ebitda declined 42.6% to Rs 48.7 crore. Ebitda margin stood at 3.3%, compared with 8.1% a year earlier.
• The company reported a one-time gain of Rs 16.4 crore in Q4 FY25.

• Asian Paints’ consolidated net profit rose 69.4% year-on-year to Rs 1,172 crore in the fourth quarter.
• Revenue increased 10.6% to Rs 9,247 crore, while Ebitda rose 24.4% to Rs 1,787 crore. Ebitda margin stood at 19.3%, compared with 17.2% a year earlier.
• Other income rose to Rs 171 crore from Rs 100 crore a year earlier.

• Asian Paints reported consolidated Q4 profit of Rs 1,172 crore, compared with an estimate of Rs 1,055 crore.
• Revenue stood at Rs 9,247 crore, above the Rs 8,781 crore estimate. Ebitda came in at Rs 1,787 crore, compared with an estimate of Rs 1,575 crore, while margin stood at 19.3% versus an estimated 17.9%.
• The company said it will pay a final dividend of Rs 23 per share.

• Asian Paints traded at Rs 2,682, up 0.38%, after moving off the day’s high following its Q4 results.
• The stock touched an intraday high of Rs 2,748.20 and a low of Rs 2,631.60. Its previous close was Rs 2,671.90.


 

• Infosys contributed 24.8 points to the Nifty 50’s move, while L&T added 13.97 points. HCLTech, Tech Mahindra and Wipro added between 2.2 and 4.86 points.
• Reliance Industries dragged the index by 31.22 points, while HDFC Bank, Bharti Airtel, Power Grid and ITC reduced the index by 7.56 to 19.49 points each.


 

• Nifty IT rose 1.74%, while Nifty Realty and Nifty Media gained 0.17% and 0.14%, respectively.
• Nifty Oil and Gas fell 1.42%, leading sectoral losses. Nifty Rural, Energy, Consumption and Auto declined between 0.90% and 1.02%.


 

• Indian equity benchmarks fell after rising in opening trade.
• The Nifty 50 fell as much as 0.6% to 23,759.55, after rising as much as 0.4% to 24,002 earlier in the day. The Sensex declined as much as 363 points, or 0.5%, to 75,504, after gaining as much as 352 points to 76,220 earlier.

• GMR Airports and Bosch saw long build-up in the futures and options segment.
• LTM and KPIT Tech saw short covering, while Blue Star and BHEL saw long unwinding. LIC and Bharat Dynamics saw short build-up.

• Ganesh Housing’s consolidated net profit fell 62.8% year-on-year to Rs 61.4 crore in the fourth quarter.
• Revenue declined 62.2% to Rs 95.1 crore, while Ebitda fell 67% to Rs 71.6 crore. Ebitda margin stood at 75.3%, compared with 86.2% a year earlier.

• Steel Strips’ consolidated net profit rose 0.3% year-on-year to Rs 60.8 crore in the fourth quarter.
• Revenue increased 19.5% to Rs 1,475 crore, while Ebitda rose 11.7% to Rs 150 crore. Ebitda margin stood at 10.2%, compared with 10.9% a year earlier.

• Cummins India’s management told NDTV Profit that demand indicators are looking good and that the company is seeing steady demand now and for future quarters.
• The company said it does not see much impact in the power generation segment and expects the product mix to remain in a similar range. It said it has managed costs well, even as suppliers saw fuel cost increases.
• Cummins India also said exports are facing challenges in Africa and Middle East markets, while labour shortages are visible at the supplier end.

• PhysicsWallah’s co-founder told NDTV Profit that higher enrolments are the major driving force for growth.
• The company said growth is coming from both online and offline verticals. It said FY26 revenue grew 25%, while Ebitda rose more than 100%.

• Aegis Logistics’ consolidated net profit rose 45.7% year-on-year to Rs 410 crore in the fourth quarter.
• Revenue increased 52.2% to Rs 2,594 crore, while Ebitda rose 52.7% to Rs 624 crore. Ebitda margin stood at 24.1%, compared with 24% a year earlier.
• The company will pay a final dividend of Rs 6.70 per share.

• The Reserve Bank of India said it expects the Indian economy to remain resilient in FY27, supported by strong macroeconomic fundamentals, according to its annual report for 2025-26.
• The central bank said inflation is likely to be aligned with the target in FY27, though geopolitical tensions pose risks. It also said domestic bond yields may face pressure from oil prices.
• RBI’s balance sheet grew 20.6% year-on-year to Rs 92 lakh crore. Net income rose to Rs 2.87 lakh crore from Rs 2.69 lakh crore in FY25, while gross income increased to Rs 4.28 lakh crore from Rs 3.38 lakh crore.

• Ashok Leyland MD and CEO told NDTV Profit that demand remains resilient, citing VAHAN data, and said the company is not losing retail demand. He said the current order book is very strong and the company expects to receive more orders this year.
• He said Q3 and Q4 were strong for the industry, while some moderation is expected in the light commercial vehicle segment. He said the company is facing challenges at the logistics level and not on demand.

• Reliance Industries will seek shareholder approval for internal transactions worth over Rs 16.64 lakh crore over the next five fiscal years involving Jio Platforms and Reliance Jio Infocomm, PTI reported, citing the company’s AGM notice.
• The company’s 49th AGM is scheduled for June 19, 2026. The transactions include over Rs 13 lakh crore linked to Reliance Jio services sold through Reliance Retail’s network.
• Reliance said the related-party transactions are not new and shareholder approval is being sought to continue the arrangements from FY28 to FY32.

• REC signed an agreement with Electrical Research and Development Association to strengthen quality testing and assurance for materials used under RDSS projects, PTI reported.
• The agreement covers third-party quality testing, technical support, capacity-building initiatives and development of quality assurance frameworks for power distribution materials.

• Fresh Put additions at the 23,900 and 24,000 strikes indicate traders are attempting to build a support base around those levels.
• At the same time, aggressive Call writing at 24,000 and above suggests traders expect upside to remain capped in the near term.
• The options data therefore points to a likely trading range of 23,900-24,100 in the opening phase of the new monthly series.

• Wipro, Ashok Leyland and Cochin Shipyard featured among stocks witnessing fresh short additions.
• The stocks declined while open interest increased sharply.
• Bharat Electronics, PI Industries, Swiggy and LIC Housing Finance also appeared in the fresh-shorts basket, signalling the creation of new bearish positions.

• LTIMindtree led the short-covering list with futures gaining 4.76% while open interest declined.
• Titan, HCLTech, Bajaj Finance and Tech Mahindra also featured among counters seeing short covering.
• The combination of rising prices and falling open interest indicates traders covering bearish positions.

• Hindustan Unilever, Dr Reddy's Laboratories and Torrent Pharmaceuticals featured among stocks witnessing liquidation.
• The stocks declined while open interest eased, indicating long positions being unwound.
• KEI Industries, BPCL and RBL Bank also appeared in the long-unwinding basket.

• Zydus Life topped the accumulation list with open interest rising 500% alongside a 1.94% gain in futures.
• Kalyan Jewellers, PTC Energy Global, CDSL and Tata Power also featured among counters witnessing fresh long additions.
• The combination of rising prices and rising open interest points to fresh bullish positions.

• Among stock futures, PI Industries recorded a 166.14% rise in total open interest since the previous expiry despite a 21.16% decline in the stock.
• Wipro's total open interest rose 151.20%, while Persistent Systems saw a 40.32% increase.
• Naukri, Page Industries and HDFC Bank also witnessed notable additions in derivatives positioning.

• Nifty Bank total derivatives open interest increased 22.13% since the previous expiry while the index declined 5.53%.
• Call open interest rose 25.70% and Put open interest gained 15.56%.
• The build-up suggests traders continued carrying positions into the new series despite weakness in the banking index.

• Nifty 50 total derivatives open interest has risen 117.04% since the previous expiry even as the index declined 7.65%.
• Call open interest increased 128.86%, while Put open interest rose 116.36%.
• The sharp rise points to substantial rollover activity and hedging ahead of the new monthly series.

• Nifty Bank monthly options data showed the 55,000 strike carrying the largest Call open interest base and the highest fresh Call additions.
• Fresh Call writing was concentrated at 55,000, followed by 55,500 and 56,000 strikes.
• The 54,000 strike held the highest Put open interest, while significant Put positioning was also visible at 55,000 and 55,500.
• The positioning suggests support near 54,000 and resistance around 55,000-55,500.

• Nifty monthly options positioning showed 24,000 as the key battleground for the August series.
• The 24,000 strike held the highest Call open interest at nearly 18.7 lakh contracts, while fresh Call writing was also strongest at the same strike. Additional Call writing emerged at 23,900 and 24,100.
• On the Put side, the highest open interest concentration remained at 24,000, followed by 25,000 and 23,500 strikes.
• The data indicates immediate support around 23,900-24,000 and resistance near 24,000-24,100.

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• Indian equity benchmarks fluctuated between gains and losses after opening higher.
• The Nifty 50 traded 0.05% lower at 23,894.35, after rising as much as 0.4% to 24,002 at the open. The Sensex was up 0.05% at 75,909.19, after gaining as much as 352 points to 76,220 earlier.

• Agrochemical and fertiliser stocks traded lower after IMD said 2026 monsoon rainfall is expected to be below normal at 90% of average.
• Dhanuka Agritech fell 3.97%, Sumitomo Chemical India declined 1.99%, and Kaveri Seed Company slipped 1.62%. Sharda Cropchem rose 0.39%.


 

• Tribhovandas Bhimji Zaveri rose 17.57%, while PC Jeweller gained 10.54% and Sky Gold advanced 6.59%.
• Thangamayil Jewellery rose 5.14%, KDDL gained 3%, and Senco Gold advanced 2.59%. Renaissance Global was the only loser in the pack, down 0.41%.


 

• Triveni Turbine shares rose 6.63% to Rs 766.80 after the company’s consolidated net profit increased 8.5% year-on-year to Rs 102 crore in the fourth quarter.
• Revenue rose 26.3% to Rs 680 crore, while Ebitda increased 6.3% to Rs 128 crore. Ebitda margin stood at 18.8%, compared with 22.4% a year earlier.

• Bharat Dynamics shares fell 6.67% to Rs 1,196.70 after the company’s net profit declined 58.5% year-on-year to Rs 113 crore in the fourth quarter.
• Revenue fell 73% to Rs 480 crore, while Ebitda declined 81.5% to Rs 55.2 crore. Ebitda margin stood at 11.5%, compared with 16.8% a year earlier.

• GMR Airports shares rose 5.47% to Rs 103.19 after the company reported a consolidated net profit of Rs 302.4 crore in the fourth quarter, compared with a loss of Rs 237.6 crore a year earlier.
• Revenue rose 37.5% year-on-year to Rs 3,938 crore, while Ebitda increased 46.6% to Rs 1,484 crore. Ebitda margin stood at 37.7%, compared with 35.3% a year earlier.

• Elgi Equipments shares rose 6.59% to Rs 616 after the company’s consolidated net profit increased 25.5% year-on-year to Rs 128 crore in the fourth quarter.
• Revenue rose 12.1% to Rs 1,113 crore, while Ebitda increased 18.1% to Rs 168.7 crore. Ebitda margin stood at 15.2%, compared with 14.4% a year earlier.
• The board declared a dividend of Rs 2.70 per share.

• Vedanta rose 0.86%, while Hindustan Copper gained 0.81% and Hindustan Zinc advanced 0.56%.
• Lloyds Metals and Energy fell 1.25%, while Welspun Corp, SAIL, Tata Steel and Hindalco declined between 0.29% and 0.55%.


 

• Nifty IT rose 2.52%, leading sectoral gains in early trade. Nifty PSU Bank, Realty and Pharma gained between 0.77% and 0.81%.
• Nifty Defence fell 0.54%, while Nifty FMCG and Nifty Metal slipped 0.09% and 0.03%, respectively.


 

• Nifty 50 rose as much as 0.4% to 24,002 at the opening bell.
• Sensex gained as much as 352 points, or 0.5%, to 76,220.

The rupee appreciated as much as 16.49 paise against the US dollar at the open to 95.53.

• Sensex rose 120.71 points, or 0.16%, to 75,988.51 in pre-open trade.
• Nifty 50 was down 5 points, or 0.02%, at 23,902.15.

• Kotak Securities maintained a Reduce rating on Varroc Engineering and cut its target price to Rs 550 from Rs 590, citing another weak quarter. The brokerage said Q4 Ebitda was 6% below estimates and cut FY27–28 EPS estimates by 5–6%.
• Citi maintained a Sell rating with a target price of Rs 520, saying Q4 results were below estimates. It said revenue growth lagged industry volume growth, while elevated cost pressures, higher depreciation and interest costs could weigh on profits.

• Macquarie maintained a Neutral rating on Siemens with a target price of Rs 3,510, citing weak operating performance and an improving outlook. The brokerage said Ebitda margin fell 150 basis points due to commodity and forex pressures.
• JPMorgan maintained Underweight and raised its target price to Rs 3,334 from Rs 2,795, saying Q4 was weak and valuations remain expensive for mid-teens growth. It said commodity headwinds affected Smart Infrastructure margins, while currency depreciation weighed on Digital Industries margins.
• BofA maintained Underperform and raised its target price to Rs 2,980 from Rs 2,960. The brokerage said ordering momentum masked the earnings miss, while commodity and currency pressures hurt margins.

• Goldman Sachs maintained a Neutral rating on PhysicsWallah and raised its target price to Rs 133 from Rs 130, saying revenue and Ebitda beat expectations. The brokerage said the company has no major planned investments in the K-12 segment, which could ease concerns around capital allocation.
• HSBC maintained a Buy rating with a target price of Rs 135, citing growth from offline expansion and premiumisation in the online business. The brokerage said long-term value depends on offline execution and K-12 penetration.
• Goldman Sachs said a Rs 120 crore investment in the NBFC arm could weigh on valuation multiples, while HSBC forecast a 60% Ebitda CAGR over FY26–30.

GIFT Nifty traded at 23,911.50, compared with the Nifty 50’s previous close of 23,907.15. It earlier traded at 23,888 before erasing losses and turning positive.

Morgan Stanley maintained an Overweight rating on Mphasis with a target price of Rs 2,730, while JPMorgan maintained Overweight with a target price of Rs 2,650. HSBC and Nomura maintained Buy ratings with target prices of Rs 2,780 and Rs 2,620, respectively.

Brokerages said Mphasis is shifting from services to a platform and outcomes-led model, with its Tria platform and AI strategy in focus. Morgan Stanley said FY27 will be a foundational year and expects the company to report ARR, platform attach rate and net retention rate from FY28.

Kotak Securities maintained Reduce with a target price of Rs 2,275. The brokerage said management expects AI trends to benefit Mphasis, while the business model shifts towards a platform-plus-people approach.

• JPMorgan maintained an Overweight rating on Kotak Mahindra Bank with a target price of Rs 476, while Citi maintained a Buy rating with a target price of Rs 485.
• Both brokerages said the bank retained its growth target of 1.5–2 times nominal GDP. JPMorgan said net interest margin remains challenged by the funding environment, while CASA growth, costs and efficiency remain focus areas.
• Citi said management remains confident on its transformation strategy, with secured retail and SME expected to drive growth. It said any funding-cost benefits are likely to be gradual, with margin improvement expected to come more from yields.

• Jefferies maintained a Buy rating on Groww with a target price of Rs 225, citing execution and cross-sell opportunities.
• The brokerage said broking market share has room to grow and expects the wealth business to become profitable in two to three years. It said wealth management scalability and regulatory risks remain key concerns.

Jefferies maintained a Buy rating on GMR Airports with a target price of Rs 125, saying profit after tax was much stronger than expected, while Ebitda was slightly below estimates. It said Q4 Ebitda was affected by weak international traffic and higher Hyderabad airport costs.

Citi said GMR Airports’ Q4 core profit missed estimates by 18%, though the company remained profitable despite industry challenges. BofA maintained Buy with a target price of Rs 122, saying Q4 was broadly in line.

Jefferies said free cash flow inflection is expected in FY26, supported by non-aero growth, new airports and a favourable Hyderabad tariff reset. BofA said the FY27 outlook includes possible upside from Hyderabad tariffs and second-half traffic growth.

• Colgate-Palmolive India has raised prices across key toothpaste packs by 4-5% in May amid input cost pressure, sources told NDTV Profit.
• The price hikes apply to packs across Colgate Dental Cream, Max Fresh and Visible White. The Colgate Dental Cream 200g pack has become costlier by Rs 5 at Rs 135, while the Visible White Purple 200g plus 20% extra pack has seen a Rs 17 increase to Rs 395.
• Distributors said lower MRP packs are unlikely to see immediate changes as these categories remain price-sensitive.

• JPMorgan maintained a Neutral rating on Dabur India with a target price of Rs 525.
• The brokerage said growth will be driven by a mix of volume and pricing, with revenue growth likely to be pricing-led. It said commodity inflation rose to about 10% in Q1 FY27, while Dabur took mid-single-digit price hikes during the quarter.
• JPMorgan expects FY27 margins to remain stable and said inflation may affect volume growth.

• Reliance Industries said near-term demand for organised retail may remain sensitive to macro conditions, according to PTI, citing the company’s annual report.
• Reliance Retail’s sales and services value rose 12.1% to Rs 3,71,085 crore in FY26. The company said medium-term prospects for organised retail remain positive and that it will focus on store expansion, operational efficiency and customer-centric innovation.
• Reliance Retail also flagged limited availability of quality malls and high-street real estate, along with the need to attract, train and retain specialised and frontline talent.

SpaceX is said to have lowered its IPO valuation target to at least $1.8 trillion, Bloomberg reported.

LG Electronics said reports about a sale of its TV business are speculative and incorrect, according to an exchange filing.

• HDFC Bank said its internal audit function conducts reviews from time to time, according to an exchange filing.
• The bank said observations from the internal function are addressed by the lender. It also said its internal controls are robust and that it continues to maintain sound financial management practices.

• Moody’s Ratings changed Novelis Inc.’s outlook to negative, while affirming all ratings, Bloomberg reported.
• Novelis is a subsidiary of Hindalco Industries.

• Ashok Leyland’s standalone net profit rose 12% year-on-year to Rs 1,404 crore in the fourth quarter, while revenue increased 19% to Rs 14,160 crore. Ebitda rose 15% to Rs 2,067 crore, and margin narrowed to 14.6% from 15.05%.
• Citi maintained a Buy rating with a target price of Rs 205, saying Q4 results were slightly above estimates. JPMorgan maintained Neutral and raised its target price to Rs 175 from Rs 170, while Morgan Stanley maintained Equal-weight with a target price of Rs 180.
• Jefferies maintained Hold and cut its target price to Rs 160 from Rs 190, citing uncertainty in truck demand. Ashok Leyland said FY26 commercial vehicle volumes rose 13% to a record 2.20 lakh units, while defence revenue rose 20% to Rs 1,200 crore.

• Vidya Wires’ price band was revised to 5% from 10%, while Sasken Technologies’ price band was revised to 10% from 20%.
• Bliss GVS Pharma, GOCL Corporation, IOL Chemicals and Pharmaceuticals, and Sportking India were shortlisted under Short-Term ASM Stage I. Websol Energy System was shortlisted under Short-Term ASM Stage II.
• Kaynes Technology, Rane Holdings, and Sun Pharma Advanced Research Company were excluded from ASM.

• Bengal & Assam Company bought 8.69 lakh shares of JK Lakshmi Cement at Rs 615 per share.
• Dwarkesh Energy sold 8.69 lakh shares of JK Lakshmi Cement at Rs 615 per share.
• Singhvi Pratik Gunwant bought 5.45 lakh shares of Euro Pratik Sales at Rs 258.82 per share.
• ICICI Prudential Mutual Fund bought 6.74 lakh shares of Indoco at Rs 198 per share.
• SBI Mutual Fund bought 1.32 crore shares of Pine Labs at Rs 135 per share.
• Nippon India Mutual Fund bought 70 lakh shares of Pine Labs at Rs 135 per share.
• Altimeter Growth Partners Fund III sold 1.56 crore shares of Pine Labs at Rs 135.21 per share.

• Oil India: Subsidiary signed a joint venture pact with Hindustan Waste Treatment for bioenergy and waste management projects.
• Seamec: Vessel Seamec Diamond was hired after technical issues were resolved.
• Godfrey Phillips: Signed a contract manufacturing pact with Polisetty Somasundaram.
• Linde India: Commenced commercial production at its ASU at JSL Kalinganagar.
• Tata Elxsi: Launched AnaTel AI with OpenAna.
• RITES: Signed an MoU with Crisil.
• HCLTech: Launched an Autonomous Finance Platform for Google Cloud Gemini Enterprise.
• Swiggy: Special resolution related to IOCC compliance did not receive shareholder approval.
• HG Infra: Declared successful bidder for a transmission contract worth Rs 115 crore annually.
• Zydus Lifesciences: US FDA granted Priority Review for Saroglitazar NDA. Board raised buyback price to Rs 1,260 per share and reduced buyback size to 87 lakh shares.
• Coal India: Government exercised the 1% greenshoe option in the OFS, taking total offer size to 2%.
• Patanjali Foods: Received a show-cause notice involving a tax and penalty demand of Rs 1,353 crore and plans to respond.
• Reliance Industries: To hold its 49th AGM on June 19. Fixed June 5 as the record date for FY26 dividend.
• Tata Motors: Fixed June 12 as the record date for a final dividend of Rs 4 per share.
• NTPC Green Energy: Declared commercial operations of the final 105 MW capacity at its Gujarat solar project.
• Wipro: Expanded partnership with ServiceNow for Agentic AI-led workflows.
• Infosys: Extended partnership with Roland-Garros until 2031.

Varroc Engineering (Q4, Consolidated YoY)

• Revenue up 12.8% to Rs 2,368 crore versus Rs 2,099 crore.
• Ebitda up 8.0% to Rs 230 crore versus Rs 213 crore.
• Margin at 9.7% versus 10.2%.
• Net profit at Rs 69.3 crore versus Rs 20.6 crore.
• Saw a one-time loss of Rs 56 crore in Q4 FY25.
• Board approved fundraising of up to Rs 500 crore via NCDs and increased borrowing limit to Rs 3,000 crore.

Hikal (Q4, Consolidated YoY)

• Revenue down 6.0% to Rs 519 crore versus Rs 552 crore.
• Ebitda down 14.6% to Rs 105 crore versus Rs 123 crore.
• Margin at 20.3% versus 22.3%.
• Net profit down 71.3% to Rs 14.4 crore versus Rs 50.2 crore.
• Recorded a one-time loss of Rs 47 crore in Q4.

Arkade Developers (Q4, Consolidated YoY)

• Revenue up 49.6% to Rs 197 crore versus Rs 131 crore.
• Ebitda down 14.8% to Rs 37.9 crore versus Rs 44.5 crore.
• Margin at 19.3% versus 33.8%.
• Net loss at Rs 109.5 crore versus profit of Rs 33.3 crore.

ISGEC Heavy (Q4, Consolidated YoY)

• Revenue up 17.4% to Rs 2,048 crore versus Rs 1,745 crore.
• Ebitda up 7.7% to Rs 156 crore versus Rs 145 crore.
• Margin at 7.6% versus 8.3%.
• Net profit at Rs 73.2 crore versus Rs 11.6 crore.
• Board declared a dividend of Rs 6 per share.

Vadilal Industries (Q4, Consolidated YoY)

• Revenue up 51.2% to Rs 416 crore versus Rs 275 crore.
• Ebitda at Rs 85 crore versus Rs 39.3 crore.
• Margin at 20.4% versus 14.3%.
• Net profit at Rs 54.9 crore versus Rs 22 crore.
• Board declared a dividend of Rs 43 per share.

PhysicsWallah (Q4, Consolidated YoY)

• Revenue up 50.7% to Rs 919 crore versus Rs 610 crore.
• Ebitda at Rs 28.8 crore versus loss of Rs 228.5 crore.
• Net loss at Rs 74.9 crore versus loss of Rs 293 crore.

PC Jeweller (Q4, Consolidated YoY)

• Revenue up 32.7% to Rs 927.3 crore versus Rs 699 crore.
• Ebitda up 13.4% to Rs 164.5 crore versus Rs 145 crore.
• Margin at 17.7% versus 20.7%.
• Net profit up 61.3% to Rs 152.9 crore versus Rs 94.8 crore.
• Reappointed Balram Garg as Managing Director from July 1.

Elgi Equipments (Q4, Consolidated YoY)

• Revenue up 12.1% to Rs 1,113 crore versus Rs 993 crore.
• Ebitda up 18.1% to Rs 168.7 crore versus Rs 142.8 crore.
• Margin at 15.2% versus 14.4%.
• Net profit up 25.5% to Rs 128 crore versus Rs 102 crore.
• Board declared a dividend of Rs 2.70 per share.

Bata India (Q4, Consolidated YoY)

• Revenue up 5.0% to Rs 828 crore versus Rs 788 crore.
• Ebitda down 15.3% to Rs 151 crore versus Rs 178 crore.
• Margin at 18.2% versus 22.6%.
• Net profit down 95.2% to Rs 2.2 crore versus Rs 45.9 crore.
• Saw a one-time loss of Rs 28 crore in Q4.
• Board declared a dividend of Rs 9 per share.

Gabriel India (Q4, Consolidated YoY)

• Revenue up 12.7% to Rs 1,210 crore versus Rs 1,073 crore.
• Ebitda up 3.9% to Rs 113 crore versus Rs 109 crore.
• Margin at 9.3% versus 10.1%.
• Net profit up 3.4% to Rs 66.6 crore versus Rs 64.4 crore.
• Board declared a dividend of Rs 3.10 per share.

DCX Systems (Q4, Consolidated YoY)

• Revenue down 62.3% to Rs 207 crore versus Rs 550 crore.
• Ebitda loss at Rs 30 lakh versus profit of Rs 10.1 crore.
• Net loss at Rs 30 lakh versus profit of Rs 20.7 crore.

National Fertilizers (Q4, Consolidated YoY)

• Revenue down 2.5% to Rs 4,347 crore versus Rs 4,457 crore.
• Ebitda down 1.5% to Rs 231 crore versus Rs 234 crore.
• Margin at 5.31% versus 5.25%.
• Net profit up 12.4% to Rs 152 crore versus Rs 135 crore.

Supriya Lifescience (Q4, YoY)

• Revenue up 50.2% to Rs 277 crore versus Rs 184 crore.
• Ebitda up 44.4% to Rs 97.6 crore versus Rs 67.6 crore.
• Margin at 35.3% versus 36.7%.
• Net profit up 47.2% to Rs 74.2 crore versus Rs 50.4 crore.

Aditya Infotech (Q4, Consolidated YoY)

• Revenue up 45.5% to Rs 1,422 crore versus Rs 977 crore.
• Ebitda at Rs 257 crore versus Rs 98 crore.
• Margin at 18.1% versus 10.0%.
• Net profit at Rs 169 crore versus Rs 55 crore.

S&P 500 futures and Nasdaq 100 futures traded near the flatline. Futures tied to the Dow Jones Industrial Average rose 7 points, or less than 0.1%.

• Japan’s industrial output rose 0.8% month-on-month in April, compared with an estimated 0.6% decline.
• Retail sales rose 2.1% year-on-year, above the 1.3% estimate.
• Retail sales increased 1.3% from the previous month, compared with an estimated 0.4% rise.

• India and the US will finalise details of an interim trade agreement during the June 1–4 visit, according to PIB.
• The two countries will also take forward talks under the broader bilateral trade agreement across market access, non-tariff measures, customs and trade facilitation, investment promotion and economic security alignment.

• Iran’s armed forces fired missiles at unidentified targets late Thursday local time, Fars reported.
• The reported military action came hours after the Pentagon said Iran had launched a ballistic missile towards Kuwait and deployed attack drones in and around the Strait of Hormuz.

• The US and Iran reached an agreement to extend their ceasefire by 60 days and lift restrictions on shipping through the Strait of Hormuz, Reuters reported, citing sources.
• The agreement has not been approved by US President Donald Trump. Iranian state media said it had not been finalised.

• Asia-Pacific markets rose on Friday as investors assessed fresh military activity involving Iran and signs of progress towards a temporary US-Iran agreement.
• Japan’s Nikkei 225 rose 1.52%, South Korea’s Kospi gained 1.73%, and Australia’s ASX 200 advanced 0.75%. China’s Shanghai Composite slipped 0.01%.

• Brent crude for July settlement fell 0.4% to $93.37 a barrel, while the more-active August contract declined 0.6% to $92.18.
• WTI crude for July delivery slipped 0.6% to $88.33 a barrel.
• Oil prices eased after the US and Iran tentatively agreed to extend a ceasefire by 60 days, though US officials said a deal had not been finalised.

GIFT Nifty traded at 23,888, compared with the Nifty 50’s previous close of 23,907.15, indicating a muted start for Indian equities.