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Informist, Tuesday, May 26, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Indices rise marginally; energy, auto cos lead gains

 

MUMBAI--1046 IST--Benchmark stock indices saw modest gains after opening marginally lower amid renewed tensions between the US and Iran. Following US strikes in southern Iran, Brent crude oil futures were up 2% from Monday at around $98.38 per barrel. Nevertheless, most constituents in the Nifty 50 were in positive territory, with select energy and automobile companies being among the top gainers.

 

At 1033 IST, the Nifty 50 was at 24070.90, up 0.2% from Monday, while the BSE Sensex was at 76569.06, up 0.1%. Coal India was up nearly 2%, the top gainer in the 50-stock index. Oil and Natural Gas Corp. was also among the top gainers, up 1.2%, ahead of its earnings later in the day. Hindalco Industries was also among the notable gainers. The stock gained 1% and was up for four of the past five sessions, having touched its record high on Monday at INR 1,119.80 per share.

 

Sun Pharmaceutical Industries fell 1% and was the worst hit stock in the Nifty 50 index. Brokerage JM Financial downgraded the stock to "add", citing near-term margin pressure due to new investments in the company's speciality portfolio as among its reasons for doing so. Eicher Morots, SBI Life Insurance Co., and Bharati Airtel, were down 0.5-0.6%.

 

Broader market indices were also up. While Nifty small-cap indices outperformed their benchmark peers and were up nearly 1?ch, the Nifty mid-cap companies rose 0.3-0.4%. Among sectoral indices, the Nifty metal and energy indices were up around 1?ch and were the top gainers. The Nifty Healthcare and Nifty Consumer Durables were down 0.4?ch.

 

Adani Total Gas was the top gainer in the Nifty 200 index. The stock was up over 6% and hit its 52-week high at INR 705 per share. This comes after city-gas distributor Indraprastha Gas hiked prices of compressed natural gas by INR 2 to INR 6 per kilogram in Delhi. Other energy companies, Adani Power, Waaree Energies, and JSW Energy were up 3–4%. Metal companies Vedanta and Steel Authority of India were also among the notable gainers, up 5% and 3%, respectively.

 

Container Corp. of India was the worst hit stock in the index, down 5.5%. Pharmaceutical players Torrent Pharmaceuticals and Mankind Pharma, down around 1.2%, were also among the laggards.

 

In the Nifty 500, Tejas Networks, up nearly 8%, was the highest gainer. Accordin to media reports, Tata Group Chairman N. Chandrasekaran and company leaders will present business plans for five companies including Tejas Networks. Techno Electric & Engineering Co. was down 12%, the worst hit stock in the Nifty 500 index after the company's net profit for the March quarter fell 15% to INR 1.15 billion.  (Shruti Nair)

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Equity Alert: Indices open lower on mixed global cues; market volatile  

MUMBAI--0943 IST--Benchmark indices opened lower Tuesday as investors took a cautious stance after the US launched strikes on Iran claiming them to be a self-defence move. US Secretary of State Marco Rubio said that either there will be a good deal or Washington would deal with Iran in an "another way", as per media reports. 

 

The indices turned green as State Bank India and the heavyweight ICICI Bank gained. They were up nearly 1?ch. Crude oil prices rose around 2% but were below $100 per barrel. At 0941 IST, the Nifty 50 was at 24067.50, up 35.80 or 0.2%, and the BSE Sensex was at 76584.27, up 95.31 or 0.1%. 

 

Eternal was the top gainer among the Nifty 50 constituents, up nearly 2%. Hindalco Industries, Oil and Natural Gas Corp., and Coal India rose around 1?ch. SBI Life Insurance Co., Tata Consumer Products, and Max Healthcare Institute were the worst hit, down 1?ch. Bharti Airtel, Sun Pharmaceutical Industries, Titan Co., Apollo Hospitals Enterprises, and Trent were also 1% lower each.

 

All the broader market indices were higher. The Nifty Smallcap gained 0.7-0.8%, and the Nifty Midcap indices were around 0.2% higher each. Among the sectoral indices, Nifty Media rose 0.8% and was the top gainer. Meanwhile, Nifty Consumer Durables fell 0.5% and was the underperformer.

 

Tata Investment Corp. was the top gainer among the Nifty 200 constituents, up over 5%. Waaree Energies and Vedanta rose nearly 4% and 3%, respectively. In contrast, Container Corp. Of India was the worst hit and was down nearly 5%. Rail Vikas Nigam fell nearly 3%. The company reported a fall in its bottom line for the eight straight quarter in Jan-Mar. 

 

In the Nifty 500, Blue Jet Healthcare was the top gainer and was up over 6%, while Techno Electric & Engineering Co. was a major laggard, down nearly 12%. The stock fell after the company reported a 15% on year fall in its consolidated net profit for the March quarter.  (Adhithya Aji)

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Equity Alert: To move in range; peace deal hopes, lower oil price to support

 

MUMBAI--0830 IST--Headline stock indices are expected to move in a range Tuesday amid mixed cues on a potential US-Iran peace deal. Crude oil prices, at around $98 a barrel, are expected to improve market sentiment. Asian markets were mixed in early trade, with South Korea's KOSPI gaining the most in early trade, up over 3%. At 0826 IST, the July futures contract of Brent crude oil was nearly 2% higher at $97.98 a barrel.

 

Early on Tuesday, US forces conducted "self-defence" strikes in southern Iran, with the US Central Command saying this was to "protect our troops from threats posed by Iranian forces," CNBC reported. The move comes as US President Donald Trump continued to urge for a peace deal in the region, saying Monday that the talks were "proceeding nicely", according to the CNBC report.

 

Iran's stockpile of enriched uranium will be "immediately turned over to the US to be brought home and destroyed," in Iran or "at another acceptable location," CNBC reported, quoting Trump from his Truth Social post.

 

Meanwhile, Trump said Monday that he had asked Saudi Arabia, Qatar, Pakistan, Turkey, Egypt, and Jordan to join the Abraham Accords en masse to normalise relations with ‌Israel as he tries to negotiate an agreement to end the war with Iran, Reuters reported. However, the proposal has been rejected by Pakistan, as two issues were "not interlinked and cannot be made so," CNBC reported, as sources telling Reuters.

 

At 0828 IST, the June futures contract of the GIFT Nifty was 0.4% lower at 24054, down 98 points. The May futures contract of the GIFT Nifty was also down 0.4% at 24037.50, down 89.50 points. Both the contracts suggested the Nifty 50 moving in a range Tuesday. Monday, the Nifty 50 settled at 24031.70, up 1.3% or 312.40 points.

 

"The Nifty index, in the previous trading session, managed to close decisively above the crucial 24000 resistance zone and continued to sustain above the level, indicating strengthening bullish momentum," Sundar Kewat, Technical and Derivatives Analyst at Ashika Institutional Equity Research, said. "Technically, the immediate resistance for the index is placed at 24100." He expects 24000 to act as a key support level, and sustaining above it will remain crucial for maintaining the positive bias.

 

Oil and Natural Gas Corp. will be in focus as the company will detail its March quarter earnings later in the day. The company is expected to report a net profit of INR 87.02 billion, up nearly 35% on year. The revenue is estimated at INR 363 billion, up nearly 4% on year.(Arundathi A R)

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Equity Alert: Asian indices mixed after US strikes Iran; crude oil climbs 

 

MUMBAI--0800 IST--Asian markets were mixed Tuesday as market participants displayed some caution in light of fresh strikes by the US against Iran even as the ceasefire is in place. Brent crude oil futures remainded below $100 per barrel but climbed 2%. The US said the strikes were conducted in self-defense. Barring South Korea's KOPSI, all other indices in the region were flat or in the red.  

 

The attacks against Iran were "to protect our troops from threats posed by Iranian forces," the US Central Command said, according to a BBC report. "The US Central Command "continues to defend our forces while using restraint during the ongoing ceasefire," Central Command spokesperson Captain Tim Hawkins was quoted as saying.

 

The South Korean market reopened Tuesday after a holiday Monday and the bechmark KOSPI notched a fresh record high of 8131.15 points. Shares of heavyweight Samsung Electronics were up 3% and those of SK Hynix gained 6%. The country's broader market KOSDAQ was up almost 2%. Meanwhile, Japan's Nikkei 225 was under pressure after touching a record high Monday. China's CSI 300 oscillated between gains and losses while the SSE Composite was in negative territory. The US stock market was closed Monday on account of Memorial Day. 

 

The following were the levels of major Asian indices at 0755 IST:

 

Index	Level	Change in %
CSI 300 Index	4935.5716	0.28
Hang Seng Index	25654.97	0.19
Nikkei 225 Day	65005.36	(-)0.23
TOPIX FIRST SECTION	3947.31	0.12
KOSPI	8089.89	3.09
FTSE Singapore Strait Times	5061.58	(-)0.18
S&P/ASX 200 Index	8652.90	(-)0.45

 

(Ruchira Kagita)

 

US$1 = INR 95.41

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

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.

 

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