Equity Alert
Nifty 50 May ends at premium of 95.20 points to spot index
This story was originally published at 15:59 IST on 5 May 2026
Register to read our real-time news.Informist, Tuesday, May 5, 2026 Tel +91 (22) 6985-4000
Equity Alert: Nifty 50 May ends at premium of 95.20 points to spot index
MUMBAI--1538 IST--The May futures contract of the Nifty 50 closed at a premium of 95.20 points to the spot index Tuesday. Open interest in the contract rose over 2% to 16.07 million, according to provisional data.
--Nifty 50 closed at 24032.80 points, down 86.50 points or 0.4% vs Monday
--Nifty 50 May closed at 24128.00 points, down 78.00 points or 0.3% vs Monday
Nifty 50 options, expiring May 12, with maximum change in open interest:
Call: 24000, Put: 24000
Nifty 50 options, expiring May 12, with maximum open interest:
Call: 24500, Put: 24000
(Gopika Balasubramanium)
Equity Alert: Key indices except FTSE 100 up in Europe, earnings aid moves
MUMBAI--1505 IST--Markets across Europe opened flat as participants gauged the impact of heightened tensions in West Asia after the United Arab Emirates said Iran had launched missile and drone attacks on it. However, the indices moved upwards as earnings-driven momentum picked up. All benchmark indices except for London's FTSE 100 gained. The pan-European STOXX 600 index was flat in the early hours of trade.
Italy's FTSE MIB Index outperformed its peers and rose almost 2%. Shares of UniCredit S.p.A were up almost 5?ter the banking group submitted its proposal to take over Germany-based Commerzbank AG in a 35 billion-euro bid, Bloomberg reported. The Italian lender initiated a six-week-long offer ending Jun. 16 to decide upon the takeover proposal. Shares of UniCredit were up about 5%.
Shares of Germany-based Anheuser-Busch InBev rose 7?ter the company's earnings for the three months ended March beat estimates. The robust performance was driven by Corona, Stella Artois, and Michelob Ultra, the beer maker said in a press release. Meanwhile, Hugo Boss AG rose nearly 4?ter its operating profit came in above analysts' estimates for the March quarter.
Among others, shares of HSBC Holdings PLC were in focus after the bank's earnings for the March quarter missed analysts' expectations. Europe's largest bank reported a profit of $7.4 billion, lower by $200 million from the same period a year ago. The bank's expected credit losses were $400 million higher at $1.3 billion. This was significantly higher than what was expected. Shares of HSBC Holdings, which is a heavyweight in the FTSE 100 index, fell almost 6%.
In macroeconomic news, Switzerland's inflation climbed for the second straight month to 0.6% on year in April, significantly higher than 0.3% in March. This is Switzerland's highest inflation level since December 2024, The Wall Street Journal reported. Prices of petroleum products were up 17% on year, and international air transport prices rose 7%.
Following were the levels of major European indices at 1458 IST:
| Index | Level | Change in % |
| FTSE 100 Index | 10267.41 | (-)0.93 |
| CAC 40 | 8024.57 | 0.61 |
| MIB INDEX | 48373.95 | 1.89 |
| DAX PERFORMANCE-INDEX | 24244.88 | 1.06 |
| SLI | 2092.69 | 0.53 |
(Ruchira Kagita)
Equity Alert: Indices still down; energy cos, banks laggards, FMCG cos rise
MUMBAI--1500 IST--The benchmark indices were choppy in the final hour of trade. While banks and state-owned energy companies continued to weigh on the Nifty 50, shares of fast-moving consumer goods and select financial services companies recovered from their earlier lows and moved up.
At 1445 IST, the Nifty 50 was at 24019.80, down 0.4%, and the BSE Sensex was at 76986.22, down 0.4%. Shares of Mahindra & Mahindra continued to rise, climbing 3%, and remained the best performer in the 50-stock index. Shares of FMCG major Nestle India rose over 1.4% while peers Hindustan Unilever and ITC saw a more modest rise under 1%. While financial services companies Shriram Finance, Bajaj Finance, and Bajaj Finserv, rose 0.3-1.0%, their peer Jio Financial Services continued to fall and was down nearly 2% to be the worst performer in the Nifty 50.
The broader market indices came off their earlier lows and outperformed their headline peers, making modest gains. Among sectoral indices, Nifty Auto was the top gainer, rising a modest 0.4%, led by the rise of M&M. The Nifty Pharma and the Nifty FMCG indices also saw a marginal rise, climbing 0.3?ch. The Nifty Realty index continued to be the major laggard among sectoral indices, falling 1.5%.
In the Nifty 200, Godrej Properties extended its fall and was down nearly 5% to be the worst performer. Shares of other real estate players DLF and Oberoi Realty were also down nearly 2?ch. Aditya Birla Capital rose over 4% on robust March quarter earnings. Shares of mid-cap explosives company Solar Industries India and energy players Adani Green Energy and CG Power and Industrial Solutions were also amongst the gainers, rising 2–3%. Shares of Marico rose sharply, gaining nearly 3?ter the company reported a 14% on-year rise in the consolidated bottom line for the March quarter to INR 3.91 billion. The company's consolidated revenues rose 22% on year to INR 33.30 billion.
In the Nifty 500, shares of Credit Access Grameen rose further, up over 14%, to remain the top gainer in the index. Small-cap technology players Computer Age Management Services, Netweb Technologies India, and Tata Technologies were also among the gainers, rising 5–9%. Power distributor CESC's stock shed nearly 6% and was the main laggard. (Shruti Nair)
Equity Alert: Stock markets in Asia muted as West Asia tensions escalate
MUMBAI--1420 IST--Stock markets in Asia were down as market sentiment was dampened due to escalation of tensions in West Asia. Brent Crude oil futures hovered near $113 per barrel, which also weighed on markets. The United Arab Emirates claimed that Iran had launched missiles and drones targetting the country. This came not long after US President Donald Trump launched 'Project Freedom' to free up ships stuck in the Strait of Hormuz.
"We started yesterday with high hopes that operation ‘Project Freedom' would be, I guess, a success on the ground, that it was being pitched as more of a humanitarian effort," Tony Sycamore, a market analyst at IG Australia, told CNBC.
Meanwhile, the Reserve Bank of Australia hiked its key interest rates by 25 basis points to 4.35%. This was the third consecutive hike in interest rates. The central bank also sees headline inflation at 4.8% in the June quarter, as against 4.2% predicted in February.
"...developments in the Middle East are having an impact on inflation. Higher fuel prices are adding to inflation and there are indications that this is likely to have second-round effects on prices for goods and services more broadly," the central bank said in a statement. The bank expects inflation to be above its target of 2-3% for longer.
Markets in Hong Kong, Singapore, and Australia were 0.2-0.8% down Tuesday. Australia's benchmark index was lower for the second straight day. Markets in China, Japan, and South Korea were closed for public holidays.
Following were the levels of major Asian indices at 1410 IST:
|
Index |
Level |
Change in % |
| Hang Seng Index | 25898.61 | (-)0.76 |
| FTSE Singapore Strait Times | 4912.29 | (-)0.24 |
| S&P/ASX 200 INDEX | 8680.50 | (-)0.19 |
(Ruchira Kagita)
Equity Alert: Indices remain lower; shares of M&M up 1?ter Q4 results
MUMBAI--1300 IST--Benchmark stock indices remained lower, with less than 15 constituents of the Nifty 50 index trading with gains. Banks and state-owned energy companies were the main laggards in the 50-stock index. Among broader market indices, the Nifty small-cap indices saw marginal gains, while mid-cap indices were nearly flat.
At 1300 IST, the Nifty 50 was down 0.4% at 23020.35, while the BSE Sensex was 0.4% lower at 760954.40. Shares of e-commerce company Eternal fell nearly 2%, the most in the index. On the other hand, shares of Mahindra & Mahindra rose over 1%, the highest gainers in the Nifty 50 after the automaker slightly exceeded the Street's view for its March quarter earnings. The company reported a net profit of INR 37.37 billion on revenue of INR 383.40 billion. Analysts had expected the company to report growth in its earnings for the quarter due to higher sales in the sport utility vehicle segment, premiumisation, and improved realisations. The company's sales for the quarter rose 24% on year to 421,266, but fell 6% on quarter. Shares of peers Bajaj Auto, Maruti Suzuki, and Eicher Motors were down around 0.4-0.7%.
While demand in the automobile industry does not appear to be a concern across most segments, issues related to higher prices and limited supply of fuel, inflationary pressures, and logistical challenges due to geopolitical uncertainties remain possible pain points, according to a report by Asit C. Mehta Investment Intermediates.
Most broader-market indices were in the red. The Nifty Auto index saw marginal gains, climbing 0.2%. The Nifty Realty index was the worst hit index, shedding over 1%. Shares of Godrej Properties were the major laggards in the index, shedding over 4?spite the company reported a 70% jump in its net profit for the March quarter, and a 63% jump in its revenue. The stock was the worst hit in the Nifty 200 index. On the other hand, Aditya Birla Capital rose nearly 5% and was the highest gainer in the Nifty 200. In the Nifty 500 index, Credit Access Grameen was up nearly 10%, the highest gainer. Shares of Jaiprakash Power Ventures fell 6%, the most in the index. (Shruti Nair)
Equity Alert: M&M shares up 2%; co's Q4 PAT, sales beat Street's view
MUMBAI--1250 IST--Shares of Mahindra & Mahindra rose after the company's net profit and revenue for the March quarter beat the Street's estimates by a wide margin. The stock rose nearly 2% to an intraday high of INR 3,154.80. The auto major reported a net profit of INR 37.37 billion for Jan-Mar, up over 53% on year and sharply higher than the Street's view of INR 34.93 billion.
The Thar-maker's revenue rose over 26% on year to INR 395.54 billion, beating analysts' estimate of INR 383.40 billion. The company's operating margin expanded by 56 basis points on year to 13.91%. The company's sports utility vehicle market share increased 60 bps during the quarter.
At 1245 IST, shares of the company were 0.7% higher at INR 3,128.70. The stock was flat before the results. Subsequently, it became the top gainer among Nifty 50 constituents. (Adhithya Aji)
Equity Alert: Godrej Prop fall 5%; brokerages positive on co post Q4 results
MUMBAI--1133 IST--Shares of Godrej Properties fell nearly 5% to an intraday low of INR 1,805.40. However, brokerages remain bullish on the company after it reported a 70% on-year growth in its March quarter consolidated net profit to INR 6.50 billion while sales rose 63% on year to INR 34.58 billion. Both the top and bottom line were above the Street's view of INR 6.14 billion and INR 32.98 billion, respectively.
The management highlighted that the company's revenues were hit by more than INR 10 billion owing to the military conflict in West Asia, especially in the last two weeks of March. However, April has been comparatively better with reasonable footfall and conversion, albeit with some sense of caution among buyers, Nuvama Institutional Equities said. Nuvama has raised the target price on the stock by over 6% to INR 2,048 and maintained a "hold" recommendation on the stock.
Direct construction cost increased 62% on year, driving project deliveries of 12.1 million square feet in 2025-26 (Apr-Mar), Elara Capital said. Elara finds Godrej Properties' strong micro market selection, margin-accretive project addition, high economic share, deepening footprint in existing markets, and expansion beyond the top six to seven markets attractive. However, the brokerage trimmed the target price on the stock by 13.5% to INR 3,200 due to lower project margin and economic share. Elara maintained a 'hold' call on the stock.
At 1130 IST, shares of the company were trading nearly 5% lower at INR 1,807.10. Over 1 million shares of the company have changed hands on the NSE so far today, which is two times higher than the number of shares traded till the same time Monday. (Adhithya Aji)
Equity Alert: Brokerages up BHEL target price; co's Q4 PAT doubles YoY
MUMBAI--1130 IST--Most brokerages have raised their target price for the shares of Bharat Heavy Electricals after the company detailed its March quarter results Monday. It posted a significant on-year growth in both key metrics for the quarter, with net profit more than doubling on year. Both its top line and bottom line surpassed the Street's estimates for Jan-Mar.
Global brokerage Morgan Stanley upgraded the company's target price by 46% to INR 444. "Better revenue execution and sustained power margins are key catalysts," Moneycontrol reported, quoting the brokerage. The brokerage kept its 'overweight' recommendation on the stock unchanged. The brokerage expects BHEL's turnaround could continue to surprise markets. The macro positioning for the stock is improving in an Indian context, according to the brokerage.
Prabhudas Lilladher raised its target price on BHEL by 31% to INR 321. The brokerage, however, downgraded the stock to 'reduce' from 'hold' due to the recent rally in stock. Prabhudas Lilladher sees a large thermal power order pipeline, diversification into railways, defence, green hydrogen, coal gasification, and growing spares and services business to support the company.
Brokerage Nuvama Institutional Equities also upgraded its target price on BHEL by over 27% to INR 450. The brokerage retained its 'buy' recommendation on the stock. Nuvama raised its earnings-per-share estimates for 2026-27 (Apr-Mar) by 2%. It retained 'buy' recommendation, factoring in the execution-led earnings before interest, tax, depreciation, and amortisation margins estimate of around 13% by FY28. This is expected to lead to around 76% compound annual growth rate of earnings per share estimate over FY26 to FY28.
JM Financial also retained its recommendation of 'buy' on the stock with a nearly 11% raised target price of INR 435. "We expect BHEL to maintain order inflows of INR 600 billion–INR 700 billion each in FY27 and FY28," it said in a report. The brokerage revised its earnings-per-share estimates for FY28 to INR 13.6 from INR 12.3, considering an improvement of 100 basis points in the company's gross margin.
Shares of the company extended its gains for the third straight session Tuesday. At 1118 IST, shares of BHEL were nearly 1% higher at INR 380.05 on the NSE. So far in the day, almost 20 million shares of the company have changed hands on the exchange, higher than 12 million shares traded till the same time Monday.
Of the seven brokerage recommendations available with Informist on the company, six have a 'buy' recommendation with an average target price of INR 384, and the remaining one has a 'sell' recommendation. (Arundathi A R)
Equity Alert: Indices fall further; bks, fincl svcs cos major laggards
MUMBAI--1120 IST--Benchmark indices fell further in early trade with the Nifty 50 index slipping below the 24000 level. Most of the constituents in the 50-stock index traded in the red with stocks of banks and financial services companies being the major laggards. Select information technology stocks were among the few gainers in the early trade.
At 1048 IST, the Nifty 50 was at 23947.80, down 0.7%, and the BSE Sensex was at 76703.70 points, down 0.7%. HDFC Life Insurance Co. remained the top performing stock in the Nifty 50 with the stocking trading over 1% higher. Conversely, shares of Jio Financial Services fell further, shedding nearly 2%, and was the worst-hit stock in the index. Index heavyweights ICICI Bank and HDFC Bank were down around 1.4?ch. Shares of peers Axis Bank and State Bank of India were also down over 1%. Other financial services companies were also a drag on the Nifty 50, with shares of Shriram Finance, Bajaj Finserv, and Bajaj Finance shedding around 1?ch.
Shares of InterGlobe Aviation were down 1.3% and were among the major laggards in the Nifty 50 as crude oil prices hovered around $113 per barrel. "The market trend will be guided by the developments in West Asia particularly in the Strait of Hormuz," according to V.K. Vijayakumar, chief investment strategist at Geojit Investments. "The resumption of hostilities in the Hormuz region and Brent crude again spiking to around $113 are headwinds for the market. In the near-term, the market will respond to Q4 results and management commentary."
In the Nifty 200, shares of Vodafone Idea were the top gainers, climbing over 3?ter the Department of Telecommunications trimmed the company's adjusted gross revenue dues by around 27% to INR 640.50 billion. Shares of lender Aditya Birla Capital also rose nearly 3?ter the company reported a 31% on-year jump in its consolidated bottom line for the March quarter to INR 11.65 billion as well as a 23% on-year jump in its revenues, which came in at INR 55.16 billion. Shares of home-appliance company Voltas shed nearly 5% and was the worst-hit stock in the Nifty 200.
In the Nifty 500, Wockhardt maintained its gains, trading over 11% higher, and was the top gainer in the index after the company reported a net profit of INR 1.7 billion for the March quarter. Shares of Aarti Industries shed nearly 7% and plunged to the bottom of the Nifty 500 index. (Shruti Nair)
Equity Alert: Tata Tech rises 12% to 3-month high after strong Q4 earnings
MUMBAI--1110 IST--Shares of Tata Technologies rose nearly 12% to a three-month high of INR 659.80. The technology company's consolidated net profit for the March quarter grew sharply higher to INR 2.04 billion from INR 66.40 million reported in the December quarter. The revenue of the company grew over 15% sequentially to INR 15.72 billion for the reporting quarter.
Strong execution of projects, improving order book visibility, and rising order wins aided the company's bottom line for Jan-Mar. The company comfortably surpassed analysts' estimates of INR 1.88 billion for net profit and INR 15.26 billion for sales. Tata Technologies is a compelling investment due to its leadership in electric vehicles, software-defined vehicles, and engineering and research and development services, Nirmal Bang Institutional Equities said. This is coupled with the turnaround in the company's anchor clients, Tata Motors, Jaguar and Land Rover, strong client ecosystem, and end-to-end vehicle capabilities, the brokerage added.
"However, near-term challenges due to tariffs and geopolitical uncertainties will keep valuations under check," Nirmal Bang said. Post Tata Tech's March quarter performance, Nirmal Bang is of the view that the company can deliver around 15-17% revenue growth. Hence, the brokerage is keeping its estimates unchanged and maintained a 'hold' call on the stock. However, Nirmal Bang trimmed the target price nearly 9% to INR 665 due to the stress on the overall macro environment, particularly the information technology sector.
At 1035 IST, shares of the company were traded nearly 9% higher at INR 642.35. Nearly 19 million shares of the company changed hands on the NSE, which is nearly 57 times the number of shares traded till the same time Monday. (Adhithya Aji)
Equity Alert: M&M declines 1% ahead of Jan-Mar earnings announcement
MUMBAI--1035 IST--Shares of Mahindra & Mahindra fell over 1% to the day's low of INR 3,070.20 ahead of its March quarter results, scheduled to be announced later in the day. The automaker is expected to post a robust on-year growth in earnings during the quarter, driven by higher sales of its sport utility vehicles, an enhanced focus on premiumisation, and improved realisations.
M&M is likely to report an over 43% on-year rise in its bottom line for the reporting quarter to INR 34.93 billion. Its top line is expected to rise over 21% on year to INR 383.40 billion. The company sold 421,266 units in the March quarter, up 24% on year but down 6% on quarter. Brokerage ICICI Securities expects M&M's revenue from the automotive segment to improve 17% on year and sales of its tractor business to grow 38%.
At 1024 IST, shares of M&M traded nearly 1% lower at INR 3,087.10 on the NSE. So far in the day, over 590,000 shares of the company were traded on the exchange, lower than nearly 894,000 shares traded till the same time Monday.
All the 14 brokerage recommendations available with Informist on the company have a 'buy' recommendation with an average target price of INR 4,163. (Arundathi A R)
Equity Alert: L&T dn ahead of Q4 results; W Asia war seen weighing on margin
MUMBAI--1010 IST--Shares of Larsen & Toubro fell nearly 2% to the day's low of INR 4,026 ahead of the company's March quarter earnings, due later in the day. At 0943 IST, shares of the company traded over 1% lower at INR 4,046.
The multinational conglomerate is expected to post a consolidated bottom line of INR 55.65 billion, up nearly 11% on year, excluding exceptional items. On a sequential basis, the company is likely to report net profit growth of 22%. This would be the 17th consecutive quarter of year-on-year growth in the company's net profit.
Its consolidated top line is likely to post a 12% on-year growth at INR 831.90 billion. Sequentially, this would be a rise of 16%. The rise in both its key metrics is expected on the back of healthy execution of its robust order book. However, the West Asia conflict is expected to weigh on L&T's operating margin for its core engineering and construction business due to order execution.
So far in the day, over 322,000 shares of the company have changed hands on the exchange, lower than over 500,000 shares traded till the same time Monday.
All 13 brokerage recommendations available with Informist on the company have a 'buy' recommendation on the stock with an average target price of INR 4,604. (Arundathi A R)
Equity Alert: Markets open lower as crude oil prices stay over $113/bbl
MUMBAI--0940 IST—Benchmark indices opened lower Tuesday as crude oil prices hovered above $113 per barrel. Brent crude oil gained following reports of escalating tensions in West Asia. Indices in the US ended lower and most Asian indices opened down. Banking stocks were the major laggards in the domestic indices.
At 0937 IST, the Nifty 50 was at 24052.65 points, down 66.65 points or 0.3% and the BSE Sensex was at 77098.45 points, down 170.95 points or 0.2%. Bharti Airtel and HDFC Life Insurance Co. were the best-performing stocks in the Nifty 50 by rising nearly 1?ch. Titan Co. and the heavyweight Reliance Industries were up 0.5?ch. Adani Enterprises, Bharat Electronics, Infosys, and Power Grid Corp. of India also gained marginally.
Financial services company Shriram Finance fell by over 2% to become an underperformer in the Nifty 50. Its peers, Bajaj Finance and Bajaj Finserv, fell over 1?ch. The heavyweight banking stocks – ICICI Bank and HDFC Bank fell by around 1?ch. Larsen & Toubro shed over 1% ahead of its March quarter earnings. Maruti Suzuki India, Sun Pharmaceutical Industries, Graism Industries, Tata Steel, and Trent fell around 1?ch in the Nifty 50.
Aditya Birla Capital rose over 4% and was the best-performing stock among the Nifty 200 constituents. It rose after the company's consolidated net profit for the March quarter rose 31% on year to INR 11.29 billion.
Bharat Heavy Electricals gained over 2% in the Nifty 200.
Meanwhile, KEI Industries fell by over 6% and was the worst hit stock in both the Nifty 200 and Nifty 500 indices. The company's net profit in the March quarter grew at its slowest pace in 2025-26 (Apr-Mar). The company's bottom line grew nearly 26% on-year to INR 2.84 billion. Godrej Properties fell by over 2% in the Nifty 200.
In the Nifty 500, Wockhardt gained 10% to be the top gainer in the index. The company reported a net profit of INR 1.7 billion for Jan-Mar, compared with a net loss of INR 250 million in the year-ago quarter. (Adhithya Aji)
Equity Alert: Most mkts in Asia fall; South Korea's KOSPI bucks trend, up 5%
MUMBAI--0835 IST--Most equity indices in Asia faced some selling pressure as tensions in West Asia escalated once again. The United Arab Emirates said Iran launched missile attacks and drones against it. This comes not long after the US President Donald Trump launched 'Project Freedom' to free up ships stuck in the Strait of Hormuz. Brent crude oil futures rose above $113 per barrel, further dampening sentiment. However, South Korea's benchmark KOSPI defied the larger trend to touch another new all-time-level.
The KOPSI was up by over 5% even as its peer indices in Asia remained muted. The upmove was led by buying carried out by foreign and institutional investors, and an interest in semiconductor stocks, according to media reports. Shares of heavyweight chipmaker SK Hynix soared over 12% during early trade while those of Samsung Electronics Co. rose over 5%. The benchmark KOSPI had logged stellar gains in April, surging roughly 30%.
Meanwhile, Trump said South Korea should join the US in 'Project Freedom' after blaming Iran for a South Korean vessel being set ablaze near the Strait of Hormuz. "Iran has taken some shots at unrelated Nations with respect to the Ship Movement, PROJECT FREEDOM, including a South Korean Cargo Ship. Perhaps it's time for South Korea to come and join the mission!," Trump said in a post on social media platform, Truth Social. "Our government will communicate closely with relevant countries regarding this matter and take necessary measures to ensure the safety of our vessels and crew members inside the Strait of Hormuz," South Korea's foreign ministry said in a statement.
Among other Asian indices, the FTSE Singapore Strait Times, the S&P AXS 200, and the Hang Seng fell 0.2-0.7% during early trade. Markets in Japan and China were closed for a public holiday.
Following were the levels of major Asian indices at 0820 IST:
|
Index |
Level |
Change in % |
| Hang Seng Index | 25899.03 | (-)0.75 |
| KOSPI | 6936.99 | 5.12 |
| FTSE Singapore Strait Times | 4911.00 | (-)0.27 |
| S&P/ASX 200 INDEX | 8646.90 | (-)0.58 |
(Ruchira Kagita)
Equity Alert: Indices may open lower Tue as crude prices cross $110/bbl
MUMBAI--0825 IST—-Domestic benchmark indices are likely to open lower Tuesday as crude oil prices surged again above $110 per barrel. Crude prices rose after news reports that the US attacked seven Iranian "fast boats" in the Strait of Hormuz on Monday and Iran attacked an oil facility in the United Arab Emirates. Market participants will also focus on the March quarter results of Nifty 50 constituents Mahindra & Mahindra and Larsen & Toubro, due later in the day.
The UAE on Monday said it had come under attack from Iran for the first time since a fragile ceasefire took hold in early April, the Associated Press reported. Meanwhile, two American-flagged merchant ships were reported to have successfully transited the Strait of Hormuz as part of a new safeguarding initiative, according to the report.
At 0827 IST, the July Brent crude futures contract was trading over 1% lower at $113.15 per barrel. The May futures contract of Gift Nifty suggested a lower opening for the domestic equity market Tuesday. At 0828 IST, the Gift Nifty contract was largely flat at 24075, but down over 40 points from the Nifty 50's previous close of 24119.30. "Buy on dips is expected with the Nifty 50 finding support at 23800 points," Nandish Shah, senior derivative analyst at HDFC Securities, said.
M&M is expected to post robust year-on-year growth on the back of higher sales of its sport utility vehicles, an increased focus on premiumisation, and improved realisations. Its bottom line is expected to rise 43% on year to INR 34.93 billion in the March quarter. The Mumbai-based automaker's top line is seen at INR 383.40 billion during the quarter.
Larsen & Toubro is expected to report a moderate rise in its consolidated top line and bottom line for the quarter, driven by the healthy execution of its robust order book. The company's consolidated net profit, excluding exceptional items, is seen at INR 55.65 billion, up nearly 11% on year. The company's revenue is expected to rise nearly 12% on year to INR 831.90 billion.
In global markets, Asian indices showed a mixed performance in early trade. South Korea's Kospi led the pack of gainers, up over 5%. The CSI 300 Index was the worst hit, down nearly 1%. All the US indices closed lower in the previous session. (Arundathi A R)
Equity Alert: US indices end lower as strife in West Asia escalates again
MUMBAI--0740 IST--Indices on the Wall Street closed lower Monday after concerns over the war in West Asia reared their head again. Market sentiment weakened after the United Arab Emirates said Iran launched missile attacks and drones against it. Meanwhile, US President Donald Trump said the US military struck seven Iranian boats in the Strait of Hormuz. Brent Crude oil futures soared above $110 per barrel again on the back of these developments. Among the key S&P 500 sectoral indices, the S&P 500 Energy was the only one to close in the green, up almost 1%.
In an interview with Fox News, Trump said that Iran will be "blown off the face of the Earth" if it attacks US vessels carrying out what he termed 'Project Freedom'. Trump, who launched the project over the weekend, said the US will free up ships which were stuck in the Strait of Hormuz. "We have the best equipment. We have stuff all over the world. We have these bases all over the world... we can use all of that stuff, and we will, if we need it," Trump said.
Meanwhile, shares of the data analytics firm Palantir Technologies fell by over 3% even as the company raised its annual revenue forecast and beat estimates for the quarter ended March. Shares of Duolingo Inc. tumbled more than 10% in after-hours trading after the language-learning company topped first-quarter expectations, but signalled again that 2026 will bring slower growth and higher costs. Investors will watch the April jobs report, due later Tuesday, to gauge the resilience of the labour market.
The following were the closing levels of major US indices on Monday:
|
US Indices |
Levels |
Change in % |
|
Dow Jones Industrial Average |
48941.90 | (-)1.13 |
|
NASDAQ Composite |
25067.801 | (-)0.19 |
|
S&P 500 |
7200.75 | (-)0.41 |
(Ruchira Kagita)
US$1 = INR 95.28
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Tanima Banerjee
All prices from National Stock Exchange, unless otherwise specified.
All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.
All times are Indian Standard Time.
NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India
Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
