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Informist, Tuesday, May 5, 2026

 

By Arundathi A R

 

MUMBAI – Concern about the continuing blockade of the Strait of Hormuz and the surge in crude oil prices above $110 a barrel pulled the domestic headline indices down Tuesday. For the past few sessions, the indices have been yo-yoing as crude oil prices have been fluctuating. The Nifty 50 ended the day's session 0.4% lower or down 86.50 points at 24032.80 points. The BSE Sensex closed 0.3% lower or 251.61 points down at 77017.79 points. Only 17 of the Nifty 50 constituents managed to end the session with gains.

 

Crude oil prices breached the crucial point of $110 a barrel after news reports said the US attacked seven Iranian "fast boats" in the Strait of Hormuz Monday, after Iran was accused of attacking an oil facility in the United Arab Emirates. At 1503 IST, the July futures contract of Brent Crude was over 1% lower at $113.10 per barrel.

 

The UAE said its air defences intercepted ballistic and cruise missiles fired from Iran, and a fire was reported at an oil facility in Fujairah after a drone attack, Al Jazeera reported. The country said it had come under attack by Iran for the first time since a fragile ceasefire took hold in early April. The purported Iranian attacks were seen as a response to US President Donald Trump's latest attempt to reopen the Strait of Hormuz.

 

However, the broader market indices outperformed their benchmark peers with most ending slightly higher. The Nifty Smallcap 50 and Nifty Smallcap 100 indices ended 0.3-0.4% higher. However, the India VIX showed investors are less nervous despite the market closing lower. Sectoral indices were mixed. The Nifty Realty was the worst hit while the thematic Nifty India Defence index led the pack of gainers.

 

Index heavyweight ICICI Bank was one of the key laggards in the 50-stock index, falling around 1.5%. Most banking and financial services stocks in the index were down. Jio Financial Services was the worst hit, down nearly 2%. Axis Bank and HDFC Bank were down around 1?ch. Telecommunications major Bharti Airtel was down over 1%.

 

Larsen & Toubro also ended over 1% lower ahead of its March quarter earnings. The engineering giant 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, it 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 12% year-on-year growth at INR 831.90 billion. Sequentially, this would be a rise of 16%.

 

Among Nifty 200 stocks, Voltas and Godrej Properties were the major laggards, down around 5?ch. Ambuja Cements was also among the Nifty 200 stocks that declined the most after Elara Securities cut its target price by 16%. In the Nifty 500 index, Meesho, Emcure Pharmaceuticals, and CESC ended as key drags, down around 6?ch. Emcure Pharma reported a consolidated net profit of INR 2.43 billion, up nearly 29% on year. Its top line for the quarter was INR 24.70 billion, up nearly 17% on year.

 

Mahindra & Mahindra rose the most in the Nifty 50 index after detailing its March quarter results. The stock ended over 3% higher, rising for the second session in a row. The automaker reported a net profit of INR 37.37 billion for the March quarter, up over 53% on year. Its top line was INR 395.54 billion, up over 26% on year. The year-on-year rise in M&M's bottom line was at a nine-quarter high while that of the top line was at a 12-quarter high.

 

Aditya Birla Capital and Aurobindo Pharma were the top gainers in the Nifty 200 index, up around 4?ch. CreditAccess Grameen rose the most in the Nifty 500 index, closing over 15% up. The stock closed higher for the sixth straight session, rising over 23% during this period. It was followed by Titagarh Rail Systems, which ended over 9% higher.

 

* Of the Nifty 50 stocks, 17 rose and 33 fell

* Of the Sensex stocks, 12 rose and 18 fell

* On the NSE, 1,604 stocks rose, 1,680 fell, and 107 were unchanged

* On the BSE, 1,998 stocks rose, 2,181 fell, and 183 were unchanged
* Nifty Realty: down 1.4%; Nifty Consumer Durables: down 1%; Nifty India Defence: up 1.3%

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BSE                                                NSE

Sensex: 77017.79, down 251.61 points or 0.3%       Nifty 50: 24032.80, down 86.50 points or 0.4%

 

S&P BSE Sensitive Index	Nifty 50
Lifetime High: 86159.02 (Dec. 1, 2025)	: Lifetime High: 26373.20 (Jan. 5, 2026)
Record Close High: 85836.12 (Sept. 26, 2024)	: Record Close High: 26328.55 (Jan. 2, 2026)
2026 1st day close: 85188.60 (Jan. 1)	: 2026 1st day close: 26146.55 (Jan. 1)
2026 Closing High: 85762.01 (Jan. 2)	: 2026 Closing High: 26328.55 (Jan. 2)
2026 Closing Low: 71947.55 (Mar. 30)	: 2026 Closing Low: 22331.40 (Mar. 30)
2026 High (intraday): 85883.50 (Jan. 5)	: 2026 High (intraday): 26373.20 (Jan. 5)
2026 Low (intraday): 71545.81 (Apr. 1)	: 2026 Low (intraday): 22182.55 (Apr.2)
2025 1st day close: 78507.41 (Jan. 1)	: 2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 85720.38 (Nov. 27)	: 2025 Closing High: 26215.55 (Nov. 27)
2025 Closing Low: 72989.93 (Mar. 4)	: 2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 86159.02 (Dec. 1)	: 2025 High (intraday): 26325.80 (Dec.1)
2025 Low (intraday): 71425.01 (Apr. 7)	: 2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	: 2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	: 2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	: 2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	: 2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	: 2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	: 2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	: 2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	: 2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	: 2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	: 2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	: 2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	: 2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	: 2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	: 2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	: 2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	: 2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	: 2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	: 2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	: 2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	: 2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	: 2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	: 2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	: 2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	: 2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	: 2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	: 2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	: 2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	: 2017 High(intraday): 10515.10 (Dec. 26)

 

End

 

Edited by Rajeev Pai

 

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