Stock Market Crash Highlights: Nifty, Sensex Register Longest Losing Streak Since January; TCS, Infosys lead IT Stocks Selloff

The Nifty 50 closed down over 1.8%, ending its fourth straight session in the red and settling below the 23,400 mark. Forty‑seven of the 50 Nifty stocks ended lower, with 38 stocks declining more than 1%. Shriram Finance and Tech Mahindra were the top losers on the index, both falling over 4%.

The broader market underperformed the benchmarks. The Nifty Midcap 150 fell for the third consecutive session, while the Nifty Smallcap 250 declined for the second day in a row, with both indices ending down over 2.5%. UPL and Dixon Technologies led losses in the Midcap index, while Sonata Software and GSPL were the biggest laggards among smallcaps.

All sectoral indices closed in the red. Nifty Realty and Nifty IT were the worst performers, both down over 3.5%, with Realty falling for the third straight day and IT declining for a second session. Auto, Financial Services, Bank, Energy and Metal indices also extended their losing streaks, while FMCG snapped its two‑day rise.

Indian equity benchmarks ended sharply lower, extending their longest losing streak since the second week of January. The sell-off marked the steepest single-day decline since March 30.

The Nifty 50 closed down 1.83% at 23,579.55, while the Sensex fell 1.92% to 74,559.24, reflecting broad-based selling across sectors.

• S&P 500 futures slipped 0.38%, while Nasdaq 100 futures declined 0.73%.
• Dow Jones Industrial Average futures were down 55 points, or 0.11%, indicating a weaker start for US equities.

• Bharat Bijlee reported a 21.9% year-on-year decline in net profit to Rs 39.3 crore for the March quarter, compared with Rs 50.3 crore a year earlier. Revenue rose 23.9% to Rs 767 crore from Rs 619 crore.
• Ebitda fell 12.9% to Rs 55.2 crore, while the margin declined to 7.2% from 10.2% a year ago. The company announced a dividend of Rs 35 per share.

• Nifty IT was the worst-performing sector, down over 4%, followed by sharp declines in Nifty Realty and Nifty Defence, both falling more than 3%. Media, FMCG and Financial Services indices also posted losses of over 2%.
• Banks, pharma and PSU banks declined between 1% and 2%. Nifty Metal saw limited losses, while Oil and Gas was the most resilient, ending marginally lower.


 

• Borosil Renewables reported a net profit of Rs 169 crore for the March quarter, compared with a loss of Rs 20 crore a year earlier. Revenue rose 17.8% year-on-year to Rs 440 crore.
• Ebitda increased to Rs 136.4 crore from Rs 15.3 crore last year, with margins expanding sharply to 31% from 4.1% in the corresponding quarter.

• Indian equity benchmarks extended losses in trade.
• The Nifty 50 fell 1.83% to 23,380.35, while the Sensex declined 1.92% to 74,556.53.

• European equity benchmarks were lower in early trade. France’s CAC 40 slipped 0.65%, while the FTSE 100 fell 0.54%. Germany’s DAX declined 0.87%.
• The STOXX Europe 600 dropped 0.80%, and Spain’s IBEX 35 was down 0.98%.

• Seshasayee Paper reported a 4.1% year-on-year decline in net profit to Rs 26 crore for the March quarter, compared with Rs 27.1 crore a year earlier. The company announced a final dividend of Rs 2 per share.
• Revenue rose 17.8% year-on-year to Rs 592 crore. Ebitda fell 6.3% to Rs 23.6 crore, with margins contracting to 4% from 5% in the corresponding quarter last year.

• Nifty in red for the 4th day in a row.
• Nifty extends fall, now down over 1.5%.
• Shriram Fin & Tech M are top losers in Nifty, both down over 4%.
• Broader markets underperforming the benchmark.
• Nifty Midcap 150 falls over 2%, Nifty Smallcap 250 falls over 2.5%.
• Nifty Midcap 150 falls for the 3rd day in a row.
• Nifty Smallcap 250 falls for the 2nd day in a row.

• V-Guard Industries reported a 14% year-on-year rise in revenue to Rs 1,755 crore for the March quarter. Ebitda increased 19.3% to Rs 171 crore, with margins improving to 9.7% from 9.3% a year earlier.
• Net profit rose 23% year-on-year to Rs 112 crore, compared with Rs 91.1 crore last year. The company announced a final dividend of Rs 1.50 per share.

• Novartis India reported a 13.7% year-on-year decline in net profit to Rs 25.3 crore for the March quarter, compared with Rs 29.3 crore a year earlier.
• Revenue rose 8% year-on-year to Rs 90.6 crore from Rs 83.9 crore in the corresponding quarter.

• Ethos reported a marginal 0.4% year-on-year rise in net profit at Rs 22.8 crore for the March quarter. Revenue increased 33% to Rs 414 crore, compared with Rs 311 crore a year earlier.
• Ebitda rose 7.9% year-on-year to Rs 51.4 crore, though the margin declined to 12.4% from 15.3%. Other income increased to Rs 13.3 crore from Rs 6 crore in the same quarter last year.

• Keystone Realtors reported revenue of Rs 1,596 crore in the March quarter, compared with Rs 585 crore a year earlier. Ebitda rose 61.1% year-on-year to Rs 81.5 crore, though the margin declined to 5.1% from 8.6%.
• Net profit fell 19% year-on-year to Rs 52.4 crore, down from Rs 64.8 crore in the corresponding quarter last year.

• Japan’s Nikkei 225 rose 0.52% to 62,742.57, while the Topix gained 0.83% to 3,872.90. In Australia, the S&P/ASX 200 declined 0.36% to 8,670.70.
• South Korea’s Kospi fell 2.29% to 7,643.15 after paring early losses, while the Kosdaq dropped 2.32% to 1,179.29.

Sectoral indices traded largely lower, with Nifty Realty down about 3.63% and Nifty Defence falling 3.43%. Nifty Media declined 3.22%, while Nifty FMCG, Financial Services, Auto and Consumption indices were also in the red.

Nifty Bank slipped around 0.88%, while PSU Bank and Pharma saw modest losses. Nifty Metal was the only gainer, rising about 0.24%, while Oil and Gas traded marginally higher.

• Uday Kotak said India should prepare for a major global shock arising from the US-Iran conflict, warning that the limited economic impact seen so far may not last. Speaking at the CII Annual Business Summit, he said the absence of disruption over the past two months should not be seen as reassurance.
• Kotak said the global order is shifting away from cooperation towards competition over trade routes and physical assets. He flagged rising geopolitical risks, including concerns around key chokepoints, and urged businesses and policymakers to plan for tougher conditions if the conflict does not ease.

• Long build-up was seen in Oil India and ONGC, indicating fresh buying with rising prices. Short covering was observed in Pidilite Industries and Lupin, pointing to exit of bearish positions.
• Long unwinding was noted in Adani Green Energy and Adani Power, while short build-up was seen in JSW Energy and Kaynes Technology India, reflecting fresh selling pressure.

The rupee extended losses in trade. The local currency depreciated by as much as 43 paise to 95.74 against the US dollar.

Shares of oil marketing companies traded lower in the session. HPCL fell 2.40%, while BPCL declined 2.04%.

IOC was also under pressure, slipping 1.64% during the trade.

Jewellery stocks traded lower, with Thangamayil falling 6.06% and Goldiam down 5.84%. Tribhovandas Bhimji Zaveri declined 4.66%, while Motisons slipped 4.44%.

Kalyan Jewellers fell 3.82%, Senco Gold dropped 3.66% and PC Jeweller was down 3.43%. Titan declined 1.87%, while Renaissance Global and KDDL also traded lower.

• Jewellery stocks traded lower, with Thangamayil falling 6.06% and Goldiam down 5.84%. Tribhovandas Bhimji Zaveri declined 4.66%, while Motisons slipped 4.44%.
• Kalyan Jewellers fell 3.82%, Senco Gold dropped 3.66% and PC Jeweller was down 3.43%. Titan declined 1.87%, while Renaissance Global and KDDL also traded lower.

• Petroleum Minister Hardeep Singh Puri said the past 75 days have been challenging for the energy sector but added that India has converted the situation into an opportunity.
• He said India is not only an energy importer but has also emerged as the world’s third-largest exporter in the sector.

Uday Kotak said Prime Minister Narendra Modi has repeatedly urged Indians to be mindful of spending and dependence, recalling an earlier appeal to hold weddings in India rather than overseas.

He said the Prime Minister has emphasised the risks of living beyond one’s means, warning that excessive reliance on money and power eventually leads to a reckoning. Kotak added that the current global environment reflects a shift towards self-interest, contrasting with forums such as Davos that aim to bring countries together.

• The Nifty Midcap 100 fell 1.24% to 60,495.75, down 762.65 points from the previous close of 61,258.40.
• The Nifty 500 declined 1.10% to 22,544.50, slipping 251.25 points, reflecting continued pressure across the broader market.

IT stocks remained under pressure, with Persistent Systems falling 4.49% to lead losses in the sector. TCS dropped 4.02%, while Infosys declined 3.66%.

Tech Mahindra slid 3.60% and HCL Technologies fell 3.29%, keeping the Nifty IT index among the top sectoral laggards.

The Nifty 50 slipped below 23,600, falling nearly 1%, while the Sensex dropped over 850 points amid broad-based selling across sectors.

Nifty IT led losses, declining more than 3.5% intraday, weighed by weakness in global technology stocks. Midcap and smallcap indices underperformed the benchmarks, while Bank Nifty also traded about 1% lower. Market breadth remained negative, with declines outpacing advances.

• Infosys and Wipro featured among technology counters witnessing fresh short build-up.
• Both stocks recorded price declines alongside rising open interest in July futures.
• TCS and Tata Elxsi also appeared in the fresh shorts category.

• Godfrey Phillips featured at the top of the fresh shorts list in the latest futures data.
• The stock declined nearly 2% while open interest surged more than 3,500%.
• Axis Bank and JSW Energy also witnessed fresh bearish positioning.

• ONGC futures rose 5.86% as traders covered short positions in the counter.
• The rally came alongside a decline in open interest, indicating unwinding of bearish bets.
• KEI Industries and Oberoi Realty also showed short covering trends.

• Siemens and State Bank of India appeared among stocks witnessing short covering activity.
• The counters recorded price gains while open interest declined in the latest futures data.
• Canara Bank and ONGC also featured in the short covering basket.

• Crompton Greaves Consumer Electricals and IREDA saw liquidation trends in futures positioning.
• Prices declined in both counters while open interest also eased during the session.
• Nestle India and CG Power also featured among stocks witnessing long unwinding.

• Larsen & Toubro and Ultratech Cement featured among stocks witnessing long unwinding activity.
• Both counters recorded price declines alongside lower open interest in the futures segment.
• Hero MotoCorp and Adani Ports also appeared in the liquidation list.

• Oil India featured among the top accumulation candidates after futures prices rose 6.78%.
• Open interest in the contract also increased, indicating fresh long build-up in the stock.
• MCX and PFC were also among counters showing accumulation signals.

• Vedanta futures contracts recorded accumulation trends in both May and June series.
• Prices advanced over 2% in both contracts alongside higher open interest levels.
• The data indicated continued long positioning in the metal counter.

• MCX featured prominently in the accumulation list after price gains were accompanied by rising open interest.
• The July futures contract gained 0.63%, while open interest rose more than 12%.
• Hindustan Zinc and Biocon also appeared among stocks witnessing accumulation trends.

• Hindustan Unilever recorded strong Call additions since the previous expiry.
• Call open interest in the stock rose 401.13%, while Put open interest climbed 138.23%.
• Total derivatives open interest increased more than 53%.

• Glenmark Pharmaceuticals recorded a sharp rise in derivatives participation in the latest expiry cycle.
• Put open interest climbed 332.80%, while Call open interest increased 267.69%.
• The stock’s total open interest advanced nearly 20% during the period.

• Godrej Consumer Products saw a sharp rise in Put open interest since the last expiry.
• Put open interest surged 613.98%, while Call open interest climbed more than 1,139%.
• Total derivatives open interest in the stock rose over 92%.

• Wipro recorded one of the strongest increases in derivatives activity among stocks since the last expiry.
• Total open interest in the counter rose 145.32%, while Call open interest climbed 170.72%.
• Put open interest in the stock also advanced more than 109%.

• The 54,000 strike continued to hold the largest Put open interest concentration in Nifty Bank weekly options.
• Fresh Put additions at the strike remained elevated, signalling support positioning by derivatives traders.
• The 55,000 strike also recorded sizeable Put open interest distribution in the latest series.

• Nifty Bank weekly options data showed aggressive Call additions at the 55,000 strike.
• The strike also carried one of the highest Call open interest bases in the latest expiry cycle.
• The 54,500 and 54,000 strikes also witnessed elevated Call positioning activity.

• Nifty Bank futures open interest increased 40.17% since the last expiry, according to derivatives positioning data.
• Call open interest climbed 97.52%, while Put open interest rose 52.49%.
• Total open interest for the banking index advanced more than 71% during the period.

• JSW Energy recorded aggressive fresh short additions across multiple expiry contracts.
• The stock declined more than 5% while open interest increased sharply in futures trade.
• Kaynes Technology and Mphasis also saw fresh bearish positioning activity.

• Open interest data since the last expiry showed Nifty 50 total derivatives open interest climbing 221.90%.
• Call open interest rose 297.29%, while Put open interest increased 164.29% during the period.
• The sharp rise in derivatives participation came even as the index declined nearly 9%.

• The 24,500 strike emerged as the biggest Call open interest zone in Nifty monthly options positioning.
• Fresh Call additions at the strike remained strong, signalling traders continued to build resistance positions near higher levels.
• The 24,200 and 24,300 strikes also recorded sizeable Call open interest accumulation.

• Nifty monthly options data showed the 24,000 strike holding the largest Put open interest base in the current expiry series.
• The strike also witnessed fresh Put additions, indicating traders continued to defend the level despite market volatility.
• Put open interest at the 23,500 and 23,000 strikes also remained elevated in the latest positioning data.

Key levels, active strikes, big moves and live market cues — all in one place; Join our F&O Hour live blog for real-time action now.

• Indian equity benchmarks extended their decline in early trade.
• The Nifty fell as much as 0.83% to 23,617.70, while the Sensex slipped up to 0.97%, or 739 points, to 75,276.30.

IT stocks remain under pressure as a weaker rupee offers limited support amid weak discretionary tech spending, delayed client decisions and cautious commentary from large companies, said Harshal Dasani, Business Head at INVAsset PMS.

He said investor concerns have shifted to derating risks, with fears that AI-led automation could weigh on billing growth and the traditional outsourcing model. Mixed Q4 commentary, slower deal conversions and global risk-off sentiment have kept export-heavy IT stocks under strain, with investors seeking clearer signs of revenue acceleration.

• Butterfly Gandhimathi Appliances rose 13%, emerging as the top gainer among consumer durable stocks in early trade. TTK Prestige advanced 11.73%, while Stove Kraft gained 4.73%.
• Gains were seen across select kitchen appliance and consumer durables names despite broader market weakness.


 

• Groww saw 316.8 million shares traded across six block deals, according to Bloomberg data. The buyers and sellers were not immediately known.
• The stock traded lower in early session, falling about 3.6%, after moving between a high of Rs 186.79 and a low of Rs 180.00.


 

Oil India led the gainers in the Nifty Midcap 100, rising 6.37%, followed by NALCO, Hitachi Energy, Blue Star and Biocon, which posted modest gains.

On the downside, KPIT Technologies, UPL, Persistent Systems, Kalyan Jewellers and Coforge declined between 3.5% and 4%, weighing on the midcap index.

• The Bank Nifty traded lower in early session, slipping 0.73% to around 54,045. The index moved between a high of 54,365.45 and a low of 54,035.45 during the intraday period.
• Early gains faded as selling pressure emerged, pulling the index closer to the day’s low.


 

• The Nifty Midcap 100 slipped in early trade, falling 0.78% to around 60,778. The index moved between a high of 61,325.35 and a low of 60,771.20 during the session.
  Midcap stocks remained under pressure as the index traded below its previous close of 61,258.40.


 

• Nifty IT was the top sectoral laggard, falling about 2.4%, followed by declines in defence, realty, media, pharma and FMCG. Banking and auto indices also traded lower.
• On the upside, Nifty Metal gained about 0.7%, while oil and gas, energy, PSU banks and financial services posted modest gains, offering limited support to the benchmark.


 

• Infosys, ICICI Bank, HDFC Bank, TCS and HCL Technologies were the biggest drags on the Nifty, with Infosys alone pulling the index down by about 24 points. Other stocks together also weighed heavily on the index.
• On the positive side, ONGC, Hindalco, SBI and Reliance Industries provided limited support, but their gains were not enough to offset the broader pressure on the index.

Nifty slipped as much as 0.4% to 23,716 in early trade.

The Sensex fell up to 0.5%, or 384 points, to 75,631.77 at the open.

• Nifty 50 was down 0.43% or 101.35 points at 23,714.50 in pre-market trade.
• The Sensex slipped 0.26%, or 195.35 points, to 75,819.93, signalling a weak start for Indian equities.

• The rupee opened at a record low on Tuesday.
• The local currency weakened by as much as 24 paise to 95.55 against the US dollar in early trade.

• Morgan Stanley maintained an Underweight rating on Canara Bank with a target price of Rs 103. It said Q4 performance was supported by a beat in net interest income, though core pre-provision operating profit missed estimates due to lower core fee income.
• The brokerage flagged a sharp rise in slippages quarter-on-quarter, while higher non-core fees and lower provisions drove a 23% profit beat. Morgan Stanley said the stock could face near-term pressure amid stronger results at peer public sector banks and cited low core return on assets and macro risks.

Bharat Petroleum Corporation may report lower earnings for the March quarter, according to Bloomberg estimates, despite support from inventory gains and stronger refining margins. Net revenue is expected to dip 0.4% year-on-year to Rs 1,17,300 crore, while Ebitda may fall 33% to Rs 7,789 crore and net profit may decline 20% to Rs 6,043 crore. Ebitda margin is seen at 6.6% versus 9.9% a year earlier.

Bloomberg estimates point to inventory gains from higher crude prices and stronger diesel cracks supporting refining earnings, with Singapore GRMs averaging about $9.4 per barrel. However, higher freight and insurance costs, along with losses in petrol, diesel and LPG retailing, are expected to weigh on performance. Blended marketing margins are estimated to turn into a loss, while LPG under-recoveries are seen rising during the quarter.

Investec maintained a Hold rating on Godrej Consumer and cut its target price to Rs 1,130, citing near-term raw material pressure, weakness in soaps and Indonesia, while flagging portfolio changes and category expansion as long-term growth drivers.

Jefferies reiterated a Buy rating with a target price of Rs 1,400, pointing to faster growth in selected categories, steady base business performance and improvement in cash flows and Africa margins. Morgan Stanley kept an Equal-weight rating and lowered its target price to Rs 1,109, highlighting portfolio transformation and double-digit growth expectations over the medium term. Citi maintained a Buy rating with a target price of Rs 1,300, citing improving growth visibility across regions, while flagging some margin sensitivity to commodity inflation.

Dr Reddy’s Laboratories may report lower revenue and profit for the March quarter, according to Bloomberg estimates, due to weakness in its US business and erosion in gRevlimid sales. Revenue is estimated to fall 3.2% year-on-year to Rs 8,248 crore, while net profit may decline 45% to Rs 871 crore. Ebitda is seen down 24.5% at Rs 1,507 crore, with margin at 18.3% versus 23% a year earlier.

Bloomberg estimates indicate the US business may drop about 35% year-on-year amid the gRevlimid patent cliff, portfolio weakness and inventory adjustments, with some estimates showing no gRevlimid contribution in the quarter. India formulations are expected to grow 14–17%, while Russia, CIS and Europe may support performance. Management commentary on semaglutide approvals and biosimilar plans will be in focus.

Dixon Technologies may report pressure on profit and margins in the March quarter, according to Bloomberg estimates, due to weak mobile phone volumes and operating leverage. Revenue is seen rising 2% year-on-year to Rs 10,478 crore, while Ebitda may fall 9% to Rs 399 crore, with margin at 3.8% versus 4.3% a year earlier. Net profit is estimated to decline 54% to Rs 182 crore.

Bloomberg estimates noted that the year-ago quarter included fair value gains of Rs 250 crore from investments in Aditya Vision. Investors will watch for updates on the proposed joint venture with Vivo, for which approvals are still pending.

• Tata Power may post lower profit for the March quarter, according to Bloomberg estimates, due to the shutdown of the Mundra plant and pressure on engineering, procurement and construction margins.
• Revenue is seen falling 6.2% year-on-year to Rs 16,020 crore, while net profit may decline 36.8% to Rs 825 crore. Ebitda is estimated to rise 4.2% to Rs 3,198 crore, with margins at 20% versus 18% a year earlier. Bloomberg estimates indicate no generation at the Mundra plant during the quarter, while higher commodity prices continued to weigh on third-party EPC margins.

• Citi said Q4 earnings have been modestly below expectations so far, with EBITDA and profit growth at about 9% year-on-year. It noted EBITDA beats in materials, consumer and healthcare, and a miss in energy. Company commentary pointed to rising inflation risks from geopolitical developments, with limited disruption so far.
• The brokerage said consumption trends remain steady to improving across autos, staples and discretionary. Citi inducted utilities into its sector overweight and continued to favour financials, telecom, defence and healthcare. It set a Nifty target of 27,000 for December 2026, based on 19 times forward earnings.

Citi maintained a Buy rating on PB Fintech with a target price of Rs 2,275, citing market share gains across insurance segments, product-led growth and investments in new platforms such as Pension Bazaar. The brokerage flagged multiple levers to manage commission-related risks.

Macquarie retained its Outperform rating with a target price of Rs 1,945, highlighting continued market dominance, a shift towards a value-partner model and a recalibration at Paisabazaar to improve profitability. Jefferies kept its Buy rating with a target price of Rs 1,950, pointing to operational drivers, value-added services and capital strength. Morgan Stanley maintained an Underweight rating with a target price of Rs 1,215, focusing on higher customer engagement, app-led retention and a gradual recovery in Paisabazaar profitability.

Morgan Stanley retained its Equal-weight rating on Indian Hotels with a target price of Rs 700, citing steady Q4 performance and reiteration of its double-digit revenue growth guidance for FY27. The brokerage flagged stronger-than-expected standalone RevPAR in the quarter.

Macquarie maintained its Outperform rating with a target price of Rs 770, noting a strong Q4 supported by domestic traffic, but said FY27 revenue growth guidance has been lowered by 100 basis points. Jefferies kept its Buy rating with a target price of Rs 800, citing strong domestic demand, 15% EBITDA growth in FY26 and guidance for 12–14% revenue growth in FY27.

Citi maintained its Buy rating on Nuvama Wealth and raised its target price to Rs 2,050 from Rs 2,000.

The brokerage cited strong business momentum, steady yields and healthy wealth flows, and raised its FY2028–29 profit estimate by 2% on higher wealth revenue assumptions.

• Key market actions include the Nifty expiry and the release of CPI data for India and the United States. A lock-in expiry is scheduled for Billionbrains Garage Ventures, while Borosil Renewables and SBI are set to consider fund-raising.
• Earnings are due from Dr. Reddy’s Laboratories, Tata Power and Dixon Technologies, while global results are expected from Siemens Energy, Bayer and Thyssenkrupp.

• Global cues remained mixed as US–Iran diplomacy stayed unresolved, pushing oil prices higher and lifting gold prices. Asian markets opened mixed, while US futures were steady ahead of key inflation data.
• On the domestic front, risk-off sentiment continued with foreign investors remaining net sellers in the cash market for a fifth session. Nifty cues weakened, pressure was seen on the rupee and bond yields, and expectations of a petrol and diesel price hike remained in focus.

• Avalon Technologies, Black Box, Elpro International, Firstsource Solutions, MIRC Electronics and Paramount Communications have been shortlisted under the short-term ASM framework.
• Orient Technologies has been excluded from the ASM framework.

Afcons Infra emerged as the lowest bidder for a Europe project worth Rs 7,544 crore, while HG Infra Engineering received a Rs 3,931 crore road project order. Bharat Forge signed a long-term supply agreement with Embraer, and HFCL secured export orders worth Rs 184 crore. MRF got relief after a Chennai tax authority set aside a Rs 182 crore tax order, while Canara Bank raised MCLR by 5 basis points across tenures from May 12.

Graphite India raised its stake in Graftech to 9.79%, and Windsor Machines signed an MoU to sell its Thane property for Rs 162 crore. Vodafone Idea said it has received no communication from Vodafone Group on any stake sale. Adani Ports appointed Niraj Bansal as CEO–Ports from June 1, while TeamLease Services’ board will consider a buyback on May 20.

Other updates include Voltas winning its Qatar appeal case with payments and guarantees ordered in its favour, United Spirits amending the RCB share sale agreement with new investors, and NHPC’s stake in Chenab Valley Power Projects declining to 50.86% after dilution.

Earnings are in focus for Bharat Bijlee, Berger Paints India, Bliss GVS Pharma, Borosil Renewables, Bharat Petroleum Corporation, Clean Max Enviro Energy Solutions, Cohance Lifesciences, Dixon Technologies India, Dr Reddy’s Laboratories, Elantas Beck India, Ethos, Gopal Snacks, Huhtamaki India, Indraprastha Medical Corporation, INOX India, Sai Silks Kalamandir, Kalpataru, KPR Mill, Sri Lotus Developers and Realty, Max Financial Services, MTAR Technologies, Nazara Technologies, Neuland Laboratories, NIIT Learning Systems, Novartis India, Park Medi World, Pfizer, Religare Enterprises, Keystone Realtors, Sagility, Seshasayee Paper and Boards, SKF India, Industrial Stove Kraft, Tata Power Company, Texmaco Rail Engineering, Thomas Cook India, Torrent Power, Ventive Hospitality, V-Guard Industries and Vinati Organics.

• Oil prices moved higher after US President Donald Trump said the ceasefire with Iran was under strain following the rejection of Tehran’s counterproposal to end the conflict.
• Brent crude futures for July rose 0.30% to $104.51 a barrel, while US West Texas Intermediate futures for June gained 0.31% to $98.40 per barrel.

S&P 500 futures were marginally higher, while Nasdaq 100 futures rose 0.1%. Dow Jones Industrial Average futures gained 24 points, or less than 0.1%.

• Japan’s Nikkei 225 rose 0.2%, while the Topix gained 0.54%. South Korea’s Kospi advanced over 2% after closing at a record high on Monday, while the Kosdaq rose 0.62%.
• Australia’s S&P/ASX 200 was flat. Hong Kong’s Hang Seng futures traded at 26,421, above the index’s previous close of 26,406.84.

GIFT Nifty traded at 23,737.50, below Monday’s Nifty 50 close of 23,815.85. The early indicator pointed to a lower start for Indian equities.