Sensex Today | Stock Market Highlights: Stock Markets End Lower in Choppy Trade; Sensex Declines 114 Points
Indian equities traded volatile on May 7, 2026, with the Sensex slipping to 77,942 points (down 16 points) while the Nifty edged up to 24,361 points (+31). The modest rally was buoyed by a sharp drop in crude oil to $8,765 per barrel and easing of U.S. tensions around the Strait of Hormuz, which softened Middle‑East conflict worries. Yet derivatives data revealed caution: aggressive call writing, a low put‑call ratio and an India VIX hovering near 18 point to range‑bound expectations. Corporate news was mixed, highlighted by Emami’s ₹321 crore (~$38 million) purchase of a 60% stake in IncNut Digital.
MMTC-PAMP Relaunches Digital Gold, Silver Sale
MMTC‑PAMP, an LBMA‑certified refiner, has relaunched its digital gold and silver platform, allowing investors to start with as little as ₹10 (≈ $0.12). The service lets users buy, hold, and redeem precious metals at real‑time market prices, with options for direct...
Q4 Results Today Live: Bajaj Auto, Paytm, Shree Cement, Polycab, Radico, KPI, PB Fintech, Blue Star, Brigade, CG Power, Godrej...
The Indian market opened higher on May 6, with the Sensex up 537 points to 77,554 and the Nifty 50 gaining 163 points to 24,196, driven by a wave of Q4 earnings releases. Companies such as Mahindra & Mahindra, GNGElectronics, DCW Ltd, Emcure Pharma...
SEBI Proposes Early Pay-In in Commodity Options
The Securities and Exchange Board of India (SEBI) has issued a consultation paper proposing to extend the early‑pay‑in (EPI) settlement mechanism to commodity options, a benefit that currently exists only for futures contracts. The proposal was examined by the Working...
World Gold Council to Launch Unified Platform for Responsible Mining to Address Various Concerns
The World Gold Council announced it will create a unified platform that consolidates responsible mining standards for gold producers worldwide. The platform will standardize environmental, human‑rights and labor practices and also provide shared infrastructure to link physical gold in vaults...
Broker’s Call: Navin Flourine (Buy)
Navin Fluorine International posted a robust Q4 FY26, with revenue climbing 34% year‑on‑year to ₹938 crore (≈$114 million). The CDMO arm surged 61%, while Specialty Chemicals and High‑Performance Products grew 39% and 20% respectively, buoyed by strong R‑32 refrigerant pricing. The broker...
Broker’s Call: Godrej Properties (Buy)
Godrej Properties posted a Q4 net profit of ₹650 crore (~$78 M), a 70% year‑on‑year increase, on record revenue of ₹3,460 crore (~$417 M), up 63%. Deliveries surged to 7.4 million sq ft, taking FY26 cumulative deliveries to 12.1 million sq ft, above its 10 million sq ft guidance. Management projected FY27 pre‑sales...
NSE Launches Electronic Gold Receipts Trading
The National Stock Exchange (NSE) has introduced Electronic Gold Receipts (EGRs), digital securities that represent ownership of a dematerialised 1,000‑gram gold bar—roughly $70,000. Each receipt is fully backed by physical gold stored in SEBI‑accredited vaults and can be converted back...
Rupee Hits Record Low as Nifty Closes Well Off Day’s High
India's rupee slipped to a fresh record low, hovering around 95 INR per dollar as the Nifty 50 closed at 24,119, up 0.5%. The market’s rally, fueled by a BJP win in three state elections, lower crude prices and a 33% jump...
Shapoorji and Pallonji Group in Talks with JPMorgan, BlackRock for High-Yield Bond Sale
Shapoorji and Pallonji Group is negotiating a high‑yield bond issuance with global investors, including JPMorgan and BlackRock, to raise up to $1 billion at a minimum 14% yield. The three‑year dollar bonds are intended to refinance debt of its subsidiary Goswami...
Hindustan Laboratories, RK Steel Get SEBI Nod for IPOs
Hindustan Laboratories and RK Steel Manufacturing have received SEBI approval to launch initial public offerings. Hindustan Labs will issue 5 million fresh shares and sell 9.1 million promoter-held shares, while RK Steel plans a fresh issue of up to 20 million equity shares....
Bajaj Finserv Q4 Net Profit Grows 5% to ₹2,539 Cr
Bajaj Finserv reported a 5% rise in Q4 consolidated net profit to ₹2,539 crore (≈ $306 million) and a 5.7% increase in revenue to ₹38,508 crore (≈ $4.6 billion). For the full fiscal year, profit grew 10.5% to ₹9,801 crore while revenue jumped 13.2% to ₹150,530 crore (≈ $18.1 billion)....
Gold Prices Rebound ₹2,000 to ₹1.54 Lakh per 10 Grams in Delhi
Gold prices in Delhi surged ₹2,000 to ₹1,54,800 per 10 grams (≈ $1,865), rebounding from a month‑low as the US dollar weakened and Treasury yields eased. The All India Sarafa Association reported a 1.31% rise, while spot gold rose $91.80 (2.02%) to...
Broker’s Call: Maruti Suzuki (Buy)
Maruti Suzuki reported a solid Q4 with revenue up 28% YoY and volume rising 12% YoY, while average selling prices grew 4% QoQ. EBITDAM slipped to 11.7% due to a 70‑basis‑point margin contraction, and PAT missed forecasts after a one‑off...
Broker’s Call: IndiGo (Buy)
Ambit Capital maintains a Buy rating on IndiGo (Interglobe Aviation) with a 1‑year DCF target of about $64, up from the current market price of $52. The airline sits on roughly $6.2 bn in cash, supporting a shift toward a 40%...
Strong Leasing Boosts Mindspace REIT’s Q4 Performance
Mindspace Business Parks REIT posted a strong Q4 FY26, with revenue climbing 31% to ₹888 crore (≈$107 million) and net operating income jumping 37% to ₹742 crore (≈$89 million). Occupancy rose to a record 95.7%, while gross leasing reached 3.5 million sq ft in the quarter, taking...
US Natural Gas Glut Shields Economy From Iran War Energy Crisis
The Iran war has driven natural‑gas prices sky‑high in Europe and Asia, but a massive supply glut in the U.S. Permian Basin has pushed domestic gas futures below $3 per MMBtu and even into negative territory, with prices hitting –$9.60...
Cities Near Mumbai to Issue Bonds for the First Time, Bankers Say
Indian municipal corporations near Mumbai are moving into the bond market for the first time. Navi Mumbai plans a ₹1,000 crore (~$120 million) issuance, while Panvel will issue a smaller, still‑undecided amount. Both have secured high credit ratings—AA+ for Navi Mumbai and AA‑ for...
Eternal Shares Surge 5% After Strong Q4 Results, Brokerages Back Growth Outlook
Eternal Technologies posted a blockbuster Q4, with net profit soaring 346% to ₹174 crore (≈ $21 M) and revenue jumping 196% YoY to ₹17,292 crore (≈ $2.1 B). The results lifted the stock 5% in early trade, peaking at ₹265.40 before closing at ₹254.03. Morgan Stanley...
MakeMyTrip Considers India Listing Amid Strategy to Tap Domestic Investors
MakeMyTrip Ltd., the Nasdaq‑listed online travel platform, is evaluating a primary listing in Mumbai for the first quarter of 2027. The company has hired Axis Capital, Morgan Stanley and JPMorgan as advisers and may add more banks to the deal....
Why Are Gold, Silver Prices Falling as Crude Spikes?
Gold and silver prices slipped on April 28, 2026 as stalled US‑Iran peace talks and a 4.34% 10‑year Treasury yield dampened safe‑haven demand. MCX gold fell 0.64% to ₹151,721 (~$1,828) per 10 g and COMEX gold dropped 1% to $4,693.7/oz; MCX silver slid...
Piramal Finance Jumps over 12% on Q4 Profit Surge, Brokerages See Improving Outlook
Shares of Piramal Finance jumped about 12.5% to ₹2,066 (≈$25) after the firm reported a Q4 FY26 net profit of ₹502 crore (≈$60 million), a 390% year‑on‑year increase. The profit surge was driven by higher margins, a stronger retail loan mix and...
Bajaj Housing Finance Dips Despite Steady Q4 Earnings, Outlook Remains Positive
Bajaj Housing Finance reported a 14% year‑on‑year rise in Q4 profit after tax to ₹669.19 crore (≈$81 million) and a 18.3% increase in full‑year PAT to ₹2,560.34 crore (≈$309 million). Revenue grew to ₹2,902.61 crore (≈$350 million), while net‑interest margin slipped 12 basis points to 3.8%...
SEBI Bars Ashok Maheshwari, 7 Others in Front-Running Case
The Securities and Exchange Board of India (SEBI) barred eight individuals and firms, including Ashok Maheshwari, for a front‑running scheme, imposing market bans of up to 48 months. SEBI ordered disgorgement of ₹1.29 crore (≈$155,000) and penalties totaling ₹1.52 crore (≈$182,000). The noticees...
JP Morgan Downgrades India Equities to 'Neutral', Bets on Asia Tech Amid AI-Led Shift
JP Morgan has downgraded Indian equities to a Neutral stance, citing elevated valuations, earnings pressure and scant exposure to AI‑driven sectors. The firm is simultaneously boosting its allocation to technology‑heavy Asian markets, especially Taiwan, as AI momentum accelerates across the region....
The Great Un-Bundling: How Maturing Indian Markets Are Shrugging Off Concentration
The National Stock Exchange’s April Market Pulse report shows Indian equities shifting from a commodity‑led base to financial‑sector dominance, with financials now accounting for 25% of market capitalisation. Materials and energy shares have receded, while information technology grew to 8%...
SEBI Proposes Revamp of Variable Net Worth Norms for Stockbrokers
The Securities and Exchange Board of India (SEBI) has drafted a overhaul of the variable net‑worth framework for stockbrokers, shifting the calculation from cash balances to a mix of average client credit balances and active client counts. Under the proposal,...
SEBI Weighs Uniform Price Bands for F&O Stocks Across Exchanges to Fix Mismatch
India’s securities regulator SEBI is evaluating a rule that would apply dynamic price bands to all futures‑and‑options (F&O) stocks on every exchange. The move targets the current timing mismatch where a stock added or removed from the derivatives segment on...
Telangana Govt to Take over Hyderabad Metro Rail, Clears Share Purchase Pact
The Telangana government approved a share purchase agreement with L&T Hyderabad Metro to acquire 100% equity in Phase‑I of the Hyderabad Metro for roughly ₹15,000 crore (about $1.8 billion). The order also sanctions a ₹13,651 crore (≈$1.6 billion) loan from Indian Railway Finance Corporation,...
Telangana to Procure 15 Lakh Tonne of Maize
The Telangana government will spend roughly ₹4,173 crore (about $502 million) to procure 14.9 lakh tonnes of maize at the minimum support price of ₹2,400 per quintal, covering about one‑third of the state’s estimated 43.2 lakh‑tonne output. Market prices have fallen to ₹1,600 per...
J.P. Morgan Upgrades Taiwan, Tech to Overweight; Cuts India to Neutral Amid AI Surge and Stagflation
J.P. Morgan raised its Asia equity allocation, upgrading Taiwan and the broader technology sector to overweight while cutting India to neutral. The bank lifted Taiwan index targets to 48,000 (base) with bear and bull cases at 36,000 and 43,000, citing a...
Gold Prices Firm up in India as Rupee Depreciates Against Dollar
Indian gold prices rose on Friday to ₹1,51,479 per 10 g (≈ $1,825), as the rupee kept weakening against the dollar. At the same time, global spot gold slipped 0.2% to $4,685 an ounce, marking a roughly 3% decline for the week....
Broker’s Call: Fortis Healthcare (Buy)
Motilal Oswal initiates coverage on Fortis Healthcare with a Buy rating, setting a target of ₹1,100 (≈ $13) versus the current price of ₹928.10 (≈ $11). Since IHH Healthcare took over in FY‑19, the hospital chain has cleaned up its balance sheet,...
Rupee Slides 34 Paise to 94.12 Against US Dollar in Early Trade
The Indian rupee slipped to 94.12 per U.S. dollar, marking a fourth straight session of depreciation. The decline was amplified by a 1.37% rise in Brent crude to $103.31 a barrel and heightened geopolitical tension in West Asia. Foreign institutional...
Rocklink India Opens Lithium-Ion Battery Recycling Plant in Uttar Pradesh
Rocklink India has inaugurated a lithium‑ion battery recycling plant in Sikandrabad, Uttar Pradesh, capable of processing 10,000 tonnes of battery feedstock annually and producing up to 6,000 tonnes of black‑mass. The facility extracts critical metals such as lithium, cobalt, nickel and rare‑earth...
Iron Ore Consolidates as Investors Weigh Higher War-Induced Costs Against Rising Supply
Iron ore prices held steady on April 23 as investors weighed higher freight and input costs from the Iran war against a growing supply outlook. The Dalian Commodity Exchange price stayed at 785.5 yuan (≈$115) per ton, while Singapore’s benchmark hovered just...
Brent Tops $100 Again Amid Supply Fears After Iran Seizes Vessels in Hormuz
Brent crude futures surged past $100 a barrel on Thursday, reaching $103.40 as Iran seized two vessels in the Strait of Hormuz, heightening supply‑risk concerns. U.S. crude and refined‑product exports climbed to a record 12.88 million barrels per day, up 137,000...
Rupee May Weaken Past 94, Oil Surge Wipes Large Part of Relief Rally
The Indian rupee is poised to slip past the 94 per‑dollar mark as oil prices rebound above $100 a barrel, eroding the brief relief rally that saw the currency recover to 92.5 earlier this month. Traders expect the rupee to...
Sensex, Nifty to Open Lower as Crude Prices Top $100 on Iran War Uncertainty
India’s equity benchmarks are set to open lower on Thursday as Brent crude breached $102 a barrel following Iran’s seizure of two tankers in the Strait of Hormuz. HSBC downgraded Indian equities to underweight, warning that the country’s heavy reliance...
Family Trusts Cannot Sponsor Mutual Funds, Clarifies SEBI
India's securities regulator SEBI clarified that only body corporates, not family trusts, can act as sponsors of mutual funds. The guidance, issued in response to First Water Capital Advisory LLP, reaffirms the existing rule that a sponsor must be a...
Broker’s Call: Bank of Maharashtra (Buy)
Bank of Maharashtra posted a Q4 FY26 profit after tax of ₹2,010 crore (≈ $242 M), beating estimates by 12.3% and marking a 13.2% sequential rise. Net advances surged 22% YoY while deposits grew 14.1% YoY, supporting a modest NIM improvement to 3.75%...
Broker’s Call: Mastek (Buy)
Mastek posted an in‑line Q4 FY26, with cloud‑centric revenue of $103.5 million, up 0.3% quarter‑on‑quarter, and a 13.6% year‑on‑year rise in its $12 million order backlog. The firm added more than 27 AI‑focused programmes, lifting AI‑related work from 3% to 9% of...
Nifty Notches Third Straight Win, FMCG and Realty Lead the Charge
India’s benchmark indices extended their rally for a third day on April 21, with the Nifty 50 closing at 24,576.60 (+0.87%) and the Sensex at 79,273.33 (+0.96%). Gains were led by the FMCG and Realty sectors, each climbing over 2%, while Private...
ICICI Prudential AMC, Two Others Pay ₹14.35 Lakh to SEBI to Settle Regulatory Violation
ICICI Prudential Asset Management Company, its venture‑capital fund and trust paid a total of ₹14.35 lakh (about $17,300) to settle a SEBI case over delayed winding‑up of a real‑estate venture‑capital scheme. The scheme, launched in 2013, was extended multiple times and...
PL Capital Sees Nifty at 27,080; Flags Geopolitical Risks, Crude-Led Pressures
PL Capital projects the Nifty 50 to reach 27,080 by FY 28, driven by a 15% earnings compound annual growth rate. The index has slipped 6.6% in the last quarter amid foreign fund outflows and heightened geopolitical tension, especially in West Asia....
India Bonds Set to Start Week Lower on US-Iran Uncertainty
Indian government bonds are set to open lower on Monday as oil prices rebound over 6% amid renewed U.S.-Iran tensions. The benchmark 6.48% 2035 bond is expected to trade between 6.88% and 6.94%, down from Friday’s 6.9049% close. A temporary...
Gold Falls over 1% as Dollar Strengthens, Oil Surge Fuels Inflation Fears
Gold prices slipped more than 1% on Monday, with spot bullion falling 1.4% to $4,762 per ounce and June futures down 2% to $4,782. The decline was driven by a stronger U.S. dollar, which makes gold costlier for holders of...
Citadel Securities Looks at Prediction Markets as Trading Scales
Citadel Securities, the leading market‑making firm, is actively evaluating entry into the burgeoning prediction‑market space. President Jim Esposito said the firm is monitoring developments but cites limited liquidity as a barrier, while anticipating that the market will scale. Competitors such...
Indian Ships Reverse Course in Hormuz Strait, Vessel Tracker Says
Two Indian‑flagged vessels, including a supertanker loaded with 2 million barrels of Iraqi oil, turned back in the Strait of Hormuz after reports that Iran’s Revolutionary Guard opened fire. The British Maritime Trade Operations Centre said the crew were safe but...
Large Caps Turn Attractive as Valuations Ease; Caution on Mid, Small Caps: DSP MF
DSP Mutual Fund’s latest market outlook sees Indian large‑cap equities becoming more attractive as valuations ease toward historical averages, with the Nifty’s PE ratio slipping below 20x. The report highlights that large‑caps now offer better price levels, higher ROEs and...