Arunika Jain | Business Upturn

Commodities market update: gold at ₹152,899.00 gains 0.42%, silver at ₹262,086.00 up 1.37%, copper at ₹1,321.65 rises 1.33%

Arunika Jain — Fri, 08 May 2026 06:30:12 +0000

Gold prices have climbed to ₹152,899.00, marking a 0.42% increase from the opening level of ₹152,672.00. Silver also showed a robust performance, rising by 1.37% to reach ₹262,086.00. The movement in these precious metals comes amid a fluctuating market environment, with copper emerging as the most moved commodity, advancing by 1.33% to ₹1,321.65.

Precious metals

Gold’s trajectory throughout the session has been marked by fluctuations, with the price reaching a high of ₹153,103.00 and a low of ₹152,454.00. The gold mini contract mirrored this trend, closing at ₹152,851.00, up 0.44% from its open. Silver, on the other hand, experienced a strong upward momentum, peaking at ₹265,500.00 and maintaining a low of ₹254,722.00.

Energy commodities

In the energy sector, crude oil prices saw a decline, closing at ₹8,985.00, down 0.88% from the opening price of ₹9,044.00. The commodity experienced a high of ₹9,137.00 and a low of ₹8,968.00. Natural gas prices showed a slight decrease of 0.23%, ending the session at ₹263.30, with fluctuations between a high of ₹263.90 and a low of ₹262.50.

Base metals

Copper led the base metals with a notable increase, closing at ₹1,321.65. Aluminium saw a modest rise of 0.46%, ending at ₹368.65, while zinc advanced by 0.37% to ₹349.00. These movements reflect a positive trend in the base metals segment.

Commodity	Open	High	Low	Current	Change %
Gold	152,672.00	153,103.00	152,454.00	152,899.00	0.42%
Silver	254,998.00	265,500.00	254,722.00	262,086.00	1.37%
Copper	1,305.45	1,323.50	1,305.45	1,321.65	1.33%
Crude Oil	9,044.00	9,137.00	8,968.00	8,985.00	-0.88%
Aluminium	368.50	369.95	365.10	368.65	0.46%
Gold Mini	152,634.00	153,046.00	152,394.00	152,851.00	0.44%
Zinc	346.75	349.65	346.75	349.00	0.37%
Natural Gas	262.60	263.90	262.50	263.30	-0.23%

Outlook

As the commodities market continues to navigate through volatile conditions, investors are keeping a close watch on the movements of precious metals and energy commodities. The strength of the US dollar remains a key factor influencing gold and silver prices. Market participants will be looking for further cues from global economic indicators and geopolitical developments to gauge future trends.

Data as on May 8, 2026, 12:00 PM IST.

Disclaimer: This article is generated for informational purposes only and does not constitute financial, investment, or trading advice. The data and analysis presented are based on publicly available market information at the time of writing. Markets are subject to risk. Please consult a qualified financial advisor before making any investment or trading decisions. Business Upturn does not accept responsibility for any losses arising from reliance on this content.

Top gainers in morning trade: nuvama at ₹1,641.30 up 11.31%, firstsource at ₹260.99 up 10.97%, thermax at ₹4,617.50 up 10.41%

Arunika Jain — Fri, 08 May 2026 06:00:15 +0000

In the morning session of the Indian stock market on 8 May 2026, the SENSEX and NIFTY 50 indices experienced slight declines, with the SENSEX at 77,509.61, down 0.43%, and the NIFTY 50 at 24,235.60, down 0.37%. Despite the overall market downturn, Nuvama Wealth Management, Firstsource Solutions, and Thermax emerged as the top gainers, showcasing significant upward momentum.

Top performers today

Nuvama Wealth Management led the charge with an impressive increase of 11.31% from its opening price, reaching a current level of ₹1,641.30. The stock’s high for the session was ₹1,642.00, indicating strong investor interest.

Firstsource Solutions followed closely, gaining 10.97% to reach ₹260.99. The stock recorded a high of ₹264.00, reflecting robust performance in the IT services sector.

Thermax, a key player in the engineering sector, also posted a substantial gain of 10.41%, with its current price at ₹4,617.50. The stock peaked at ₹4,660.00 during the session.

Craftsman Automation, operating in the industrial manufacturing sector, saw its shares rise by 8.72%, reaching ₹9,390.00. The stock’s high was ₹9,738.00, indicating strong demand.

Mangalore Refinery and Petrochemicals, part of the energy sector, increased by 8.39% to a current price of ₹168.39, with a session high of ₹169.00.

Sectoral patterns

Sonata Software, another IT sector stock, gained 7.55% to ₹291.20, with a high of ₹297.85. Shipping Corporation Of India, in the logistics sector, rose by 6.70% to ₹341.00.

Berger Paints, from the consumer goods sector, increased by 5.68% to ₹516.00. Coforge, also in IT, climbed 4.75% to ₹1,346.40, while NBCC (India), in the construction sector, rose 4.62% to ₹101.32.

Stock	Open	High	Low	Current	Change %
Nuvama	1,474.50	1,642.00	1,462.30	1,641.30	+11.31%
Firstsource	235.18	264.00	234.01	260.99	+10.97%
Thermax	4,370.00	4,660.00	4,306.00	4,617.50	+10.41%
Craftsman	8,657.50	9,738.00	8,657.50	9,390.00	+8.72%
MRPL	157.00	169.00	156.90	168.39	+8.39%
Sonata Software	275.00	297.85	274.70	291.20	+7.55%
SCI	319.50	342.45	318.75	341.00	+6.70%
Berger Paints	490.00	517.55	488.05	516.00	+5.68%
Coforge	1,279.10	1,359.70	1,275.00	1,346.40	+4.75%
NBCC	97.40	101.90	96.70	101.32	+4.62%

What this means for the market

Despite the overall market’s slight decline, the strong performance of these top gainers suggests selective investor optimism, particularly in sectors like IT and energy. As the session progresses, market participants will be keenly observing these stocks to gauge if the upward momentum will sustain, potentially influencing broader market sentiment.

Data as on May 8, 2026, 11:30 AM IST.

JSW Infrastructure receives nod to commence operations at Kolkata port

Arunika Jain — Fri, 08 May 2026 05:38:45 +0000

JSW Infrastructure has received permission to commence operations at Berth No. 7 and its Back Up Area at the Netaji Subhash Dock under Syama Prasad Mookerjee Port, Kolkata. This development marks a significant milestone for the company and its wholly-owned subsidiary, JSW Kolkata Container Terminal Private Limited.

The permission was granted by the Principal Commissioner of Customs (Port), as per a trade circular dated 7th May 2026. This follows the company’s previous receipt of a Letter of Award for the reconstruction and mechanisation of Berth Nos. 7 and 8 at the same dock. The project is being executed on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis through a Public-Private Partnership (PPP) mode.

JSW Infrastructure had earlier signed a Concession Agreement on 15th September 2025, following the initial Letter of Award received on 7th July 2025. The commencement of operations at Berth No. 7 is expected to enhance the operational capacity and efficiency of the port facilities under the Syama Prasad Mookerjee Port, Kolkata.

The approval to start operations is a crucial step in the company’s strategic expansion plans and is likely to contribute positively to its operational portfolio. This move aligns with JSW Infrastructure‘s commitment to enhancing its infrastructure capabilities and expanding its footprint in key port locations across India.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Biocon reports Rs 17,270 crore total income for FY26 with 14% growth

Arunika Jain — Thu, 07 May 2026 18:07:02 +0000

Biocon Limited, an innovation-led global biopharmaceuticals company, announced its consolidated financial results for the fiscal fourth quarter and the financial year ended March 31, 2026. The company reported a total income of ₹17,270 crore for FY26, reflecting a 14% year-on-year growth, excluding one-time generic lenalidomide sales in Q4FY25 and adjusted for BFI divestment gain.

In Q4FY26, Biocon‘s total income stood at ₹4,569 crore, marking a 10% increase compared to the previous year, after adjusting for one-time generic lenalidomide sales. The company’s EBITDA for the quarter was ₹1,073 crore, up 29% year-on-year, with a margin of 23%. Net profit before exceptional items for the quarter was ₹179 crore, up 64% from the previous year.

For the full fiscal year, Biocon’s operating revenue reached ₹16,927 crore, a 13% increase year-on-year. The EBITDA for FY26 was ₹3,798 crore, up 25% from the previous year, with an EBITDA margin of 22%, up 200 basis points on a like-to-like basis. The net profit before exceptional items for the year was ₹436 crore, showing a significant increase of 323% year-on-year.

Biocon’s biosimilars segment reported revenues of ₹10,431 crore for FY26, up 16% year-on-year, while the generics segment saw a 17% increase in revenue to ₹3,168 crore. The research services segment, Syngene, reported a 3% growth in revenue to ₹3,739 crore.

Kiran Mazumdar-Shaw, Executive Chairperson of Biocon Limited, highlighted the company’s strong performance despite a complex geopolitical environment. She noted that the integration of the biosimilars business with generics formulations and APIs business has resulted in a stronger balance sheet and improved leverage metrics.

Shreehas Tambe, CEO & Managing Director of Biocon Limited, emphasised the successful integration of the biosimilars and generics business, which has created a unified biopharmaceutical enterprise with greater scale and capability. He noted the company’s shift from the “Preserve” phase to “Consolidate” as it sets up for sustainable growth.

The Board of Directors has recommended a final dividend of Re. 0.50 per share at the rate of 10% of the face value of the share for the financial year ending March 31, 2026.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Commodities market closing: gold at ₹152,465.00 gains 0.22%, silver at ₹259,738.00 up 2.56%, natural gas at ₹262.90 rises 1.74%

Arunika Jain — Thu, 07 May 2026 18:05:13 +0000

As the commodities market closed today, gold prices saw a modest increase, reaching ₹152,465.00, marking a 0.22% rise from the opening. Silver prices surged significantly, closing at ₹259,738.00, up by 2.56%. Natural gas also showed notable gains, ending the day at ₹262.90, a 1.74% increase from its opening level. The fluctuations in these commodities were influenced by various market factors, including cues from the USD strength.

Precious metals

Gold experienced a volatile session, with its price trajectory showing significant fluctuations throughout the day. The metal opened at ₹152,000.00, reached a high of ₹153,865.00, and a low of ₹151,602.00, before settling at ₹152,465.00. Meanwhile, silver demonstrated a strong upward movement, opening at ₹254,998.00 and peaking at ₹265,500.00. The gold mini contract closed slightly lower at ₹152,350.00, reflecting a 0.16% increase from its opening price of ₹152,609.00.

Energy commodities

Crude oil faced a downturn, closing at ₹8,946.00, a 0.79% decrease from its opening price of ₹9,087.00. The commodity fluctuated between a high of ₹9,193.00 and a low of ₹8,476.00. In contrast, natural gas showed strength, closing at ₹262.90, up 1.74% from its opening of ₹258.50, with a high of ₹266.00 and a low of ₹253.10.

Base metals

In the base metals segment, copper saw a slight decline, ending at ₹1,304.50, down 0.28% from its opening price of ₹1,294.40. Aluminium also fell, closing at ₹366.60, a 0.85% decrease from its opening of ₹375.05. Zinc, however, remained relatively stable, closing at ₹348.00, a marginal increase of 0.42% from its opening level of ₹347.95.

Commodity	Open	High	Low	Current	Change %
Gold	152,000.00	153,865.00	151,602.00	152,465.00	0.22%
Silver	254,998.00	265,500.00	254,722.00	259,738.00	2.56%
Natural Gas	258.50	266.00	253.10	262.90	1.74%
Aluminium	375.05	376.70	365.10	366.60	-0.85%
Crude Oil	9,087.00	9,193.00	8,476.00	8,946.00	-0.79%
Zinc	347.95	349.95	344.70	348.00	0.42%
Copper	1,294.40	1,315.00	1,294.40	1,304.50	-0.28%
Gold Mini	152,609.00	153,750.00	151,850.00	152,350.00	0.16%

Outlook

Looking ahead, market participants will closely monitor global economic indicators and currency movements, which could influence commodity prices. The strength of the USD will remain a key factor for precious metals, while energy commodities may react to geopolitical developments and supply dynamics. Base metals will likely be influenced by industrial demand and production trends.

Data as on May 7, 2026, 11:35 PM IST.

Commodities market late session: gold at ₹152,436.00 gains 0.20%, silver at ₹259,555.00 up 2.48%, natural gas at ₹264.20 rises 2.24%

Arunika Jain — Thu, 07 May 2026 16:30:19 +0000

In the latest session of the MCX commodity market, gold prices experienced a modest increase, closing at ₹152,436.00, marking a 0.20% rise from its opening level. Silver, on the other hand, saw a significant surge, ending the session at ₹259,555.00, which represents a 2.48% increase from its opening. These movements in precious metals were influenced by market dynamics, with gold’s trajectory showing fluctuations throughout the day. Meanwhile, natural gas emerged as the standout performer among energy commodities, advancing by 2.24% to close at ₹264.20.

Precious metals

Gold’s trading session was characterised by a series of ups and downs, with the price reaching a high of ₹153,865.00 and a low of ₹151,602.00. Despite the volatility, it managed to close positively. Silver’s performance was notably strong, reaching a high of ₹265,500.00 and a low of ₹254,722.00. The gold mini contract mirrored the movements of its larger counterpart, closing at ₹152,400.00, a slight decrease from its opening of ₹152,609.00.

Energy commodities

Crude oil prices faced downward pressure, closing at ₹8,882.00, a 1.50% decline from its opening level of ₹9,087.00. The session saw crude oil hit a high of ₹9,094.00 and a low of ₹8,476.00. In contrast, natural gas prices rose significantly, closing at ₹264.20, with a high of ₹264.50 and a low of ₹253.10, reflecting a robust 2.24% increase.

Base metals

In the base metals segment, copper prices showed a slight decrease, closing at ₹1,306.05, down 0.16% from its opening of ₹1,294.40. Aluminium and zinc also experienced mixed movements, with aluminium closing at ₹366.25, a 0.95% decrease, and zinc ending slightly lower at ₹347.60, a 0.30% drop from its opening.

Commodity	Open	High	Low	Current	Change %
Gold	152,000.00	153,865.00	151,602.00	152,436.00	0.20%
Silver	254,998.00	265,500.00	254,722.00	259,555.00	2.48%
Natural Gas	258.50	264.50	253.10	264.20	2.24%
Crude Oil	9,087.00	9,094.00	8,476.00	8,882.00	-1.50%
Aluminium	375.05	376.70	365.10	366.25	-0.95%
Zinc	347.95	349.95	344.70	347.60	0.30%
Gold Mini	152,609.00	153,750.00	152,322.00	152,400.00	0.20%
Copper	1,294.40	1,315.00	1,294.40	1,306.05	-0.16%

Outlook

As the commodities market continues to react to various global cues, the performance of precious metals and energy commodities remains closely tied to fluctuations in the US dollar and other economic indicators. Investors will be watching these factors closely in the coming sessions to gauge future movements.

Data as on May 7, 2026, 10:00 PM IST.

Vijaya Diagnostic declares ₹2 per share dividend for FY26

Arunika Jain — Thu, 07 May 2026 14:19:37 +0000

Vijaya Diagnostic Centre has announced a final dividend of ₹2 per equity share for the financial year ending March 31, 2026. This represents a 200% dividend on the face value of ₹1 per share, pending approval from shareholders at the upcoming Annual General Meeting (AGM). The dividend will be credited or dispatched within specified timelines following the AGM, with the AGM date and record date for dividend payment to be announced later.

In addition to the dividend declaration, Vijaya Diagnostic’s Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board also noted the decision of Dr. D Nageshwar Reddy not to seek re-appointment as an Independent Director for a second term due to pre-occupations and other professional commitments. His current term will conclude on May 25, 2026.

The board further approved the re-appointment of M/s. Santhosh & Associates as the Cost Auditors for the financial year 2026-27. The firm brings extensive experience in cost audits, compliance, and consultancy services.

Moreover, the board granted 1,79,500 Employee Stock Options (ESOPs) under the ‘VDCL Employee Stock Option Plan 2018’. These options are convertible into equity shares of ₹1 each and are priced at ₹784 per option, reflecting a 20% discount on the average closing price over the preceding three months.

Finally, Vijaya Diagnostic will acquire MRI, EEG, and NCV Services Business from Medinova Millennium MRI Services LLP, a wholly-owned subsidiary.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Gravita India announces Rs 160 crore investment in new copper recycling plant

Arunika Jain — Thu, 07 May 2026 14:05:13 +0000

Gravita India Limited has announced a significant business expansion with the approval of a new copper recycling plant in Mandvi, Gujarat, with an estimated capital expenditure of ₹160 crore. This strategic move is aimed at diversifying the company’s business operations, optimising the use of existing land assets, and enhancing long-term shareholder value.

In addition to this major investment, the board of directors also approved the audited financial results for the quarter and financial year ending 31st March 2026. The company reported both standalone and consolidated results, although specific financial figures were not disclosed in the announcement.

Another key decision from the board meeting was the closure of its subsidiary, Recycling Infotech LLP. The subsidiary’s contribution to the company’s total turnover was nil, and its net worth was not applicable. The closure process is currently underway, with the actual date of closure to be communicated separately.

Furthermore, Gravita India has appointed M/s Deloitte Touche Tohmatsu India LLP as the new internal auditor for the financial year 2026-27, replacing M/s PricewaterhouseCoopers Services LLP, whose tenure has concluded. Deloitte is recognised as a leading global professional services firm, providing a range of services including assurance, tax, consulting, risk advisory, and technology services.

These strategic decisions reflect Gravita India’s commitment to strengthening its operational capabilities and enhancing its market presence. The company’s focus on strategic diversification and optimisation of resources is expected to drive future growth and shareholder value.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Magellanic Cloud subsidiary secures Rs 3.44 crore contract with South Eastern Railway

Arunika Jain — Thu, 07 May 2026 13:55:04 +0000

Magellanic Cloud’s wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) from South Eastern Railway, Kharagpur Division, for a project valued at ₹3.44 crore. The contract involves the provision of CCTV systems and the modernisation of infrastructure at Kharagpur and PKU Goods Sheds.

The scope of the project includes the supply, installation, commissioning, and integration of AI-led CCTV surveillance systems, along with networking infrastructure and centralised monitoring systems. This initiative is part of a broader move towards digitally connected railway ecosystems, where AI-based e-surveillance plays a crucial role in enhancing transport security and operational intelligence.

Joseph Sudheer Reddy Thumma, Global CEO and Managing Director of Magellanic Cloud, highlighted the importance of AI-based e-surveillance in large, high-movement zones such as goods sheds and cargo handling points. These systems can monitor movement patterns, detect unauthorised access, identify operational anomalies, and improve incident response in real-time.

The project reflects the increasing convergence of physical infrastructure with intelligent AI-powered digital systems, designed to support large-scale operational environments. Magellanic Cloud is focused on strengthening its presence in AI-powered e-surveillance, centralised monitoring systems, and critical infrastructure technology solutions across sectors like transportation and logistics.

This order marks a strategic expansion of Provigil’s surveillance capabilities, leveraging its expertise in high-reliability deployments. The contract is expected to be executed over a period of 15 months. Importantly, none of the promoter or promoter group companies have any interest in the entity that awarded the contract, and it does not fall within the purview of related party transactions.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

South Indian Bank receives RBI approval for Kotak Mahindra to acquire 9.99% stake

Arunika Jain — Thu, 07 May 2026 12:40:48 +0000

The South Indian Bank has received approval from the Reserve Bank of India (RBI) for Kotak Mahindra Bank to acquire up to 9.99% of its paid-up share capital or voting rights. This regulatory nod, communicated on 6 May 2026, is subject to compliance with several statutory provisions.

The approval allows Kotak Mahindra Bank to increase its stake in South Indian Bank, contingent upon adherence to the Banking Regulation Act, 1949, and the Reserve Bank of India (Commercial Banks – Acquisition and Holding of Shares or Voting Rights) Directions, 2025. Additionally, compliance with the Foreign Exchange Management Act, 1999, and regulations issued by the Securities and Exchange Board of India is required.

This strategic move by Kotak Mahindra Bank is part of its broader plan to expand its footprint in the Indian banking sector. The acquisition aligns with the bank’s growth strategy, potentially enhancing its influence and operational capabilities within the industry.

The South Indian Bank has made this information available on its official website, ensuring transparency and accessibility for stakeholders. The development is a significant step in the evolving landscape of Indian banking, reflecting ongoing consolidation trends among financial institutions.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Phoenix Mills sees stake in Mirabel Entertainment diluted to 35.49%

Arunika Jain — Thu, 07 May 2026 11:40:54 +0000

The Phoenix Mills Limited has announced a reduction in its shareholding in Mirabel Entertainment Private Limited following a recent rights issue. On 7 May 2026, Mirabel, an associate company of Phoenix Mills, allotted 435,000 equity shares with a face value of ₹10 each through a rights issue to an existing shareholder. Notably, Phoenix Mills did not participate in this rights issue.

As a result of the rights issue, Mirabel’s paid-up share capital has increased to ₹1,49,90,000. Consequently, Phoenix Mills’ shareholding in Mirabel has been diluted from 50.00% to 35.49% of the total shareholding and voting rights. Despite this reduction, Mirabel continues to be recognised as an associate company of Phoenix Mills.

This development has been reported in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information is also available on the Phoenix Mills website for investors and stakeholders.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ceigall India announces 10% dividend and key board appointments

Arunika Jain — Thu, 07 May 2026 11:31:25 +0000

Ceigall India has announced a 10% dividend for the financial year 2025-26, translating to ₹0.50 per equity share. This decision, made during the board meeting on 7 May 2026, is subject to shareholder approval at the upcoming Annual General Meeting (AGM). The dividend will be paid within 30 days of declaration at the AGM.

In addition to the dividend declaration, the board approved several key appointments and reappointments. Mr. Ankit Kumar Agrawal has been appointed as a Non-Executive Independent Director for a five-year term starting 1 July 2026. The board also reappointed Mr. Vishal Anand and Mrs. Gurpreet Kaur as Non-Executive Independent Directors for second five-year terms, effective from 26 October 2026. These appointments are contingent upon shareholder approval.

The board accepted the resignation of Mr. Chitwon Wason from his role as Whole-Time Director, effective from the close of business on 20 May 2026.

Furthermore, M/s Grant Thornton Bharat LLP has been appointed as the Internal Auditor and M/s Khushwinder Kumar & Associates as the Cost Auditor for the financial year 2026-27, pending shareholder ratification of remuneration at the AGM.

These decisions were part of the board meeting that commenced at 1:00 p.m. and concluded at 2:12 p.m. on 7 May 2026.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Kotak Mahindra Bank receives RBI approval to acquire 9.99% stake in City Union Bank

Arunika Jain — Thu, 07 May 2026 10:35:21 +0000

Kotak Mahindra Bank Limited has received approval from the Reserve Bank of India (RBI) to acquire up to 9.99% of the paid-up share capital or voting rights in City Union Bank Limited. The approval, communicated via RBI’s letter dated 6 May 2026, is subject to compliance with various regulatory provisions.

The acquisition is contingent upon adherence to the Banking Regulation Act, 1949, and the Reserve Bank of India (Commercial Banks- Acquisition and Holding of Shares or Voting Rights) Directions, 2025, which were issued on 28 November 2025 and have been amended from time to time. Additionally, the acquisition must comply with the Foreign Exchange Management Act, 1999, and regulations issued by the Securities and Exchange Board of India, among other applicable statutes and guidelines.

This development marks a significant step for Kotak Mahindra Bank as it expands its investment portfolio within the Indian banking sector. The approval is crucial for the bank to proceed with its intended acquisition, aligning with its strategic growth objectives.

City Union Bank, established in 1904 and headquartered in Kumbakonam, Tamil Nadu, is a prominent player in the Indian banking industry, known for its strong regional presence and customer-centric services.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Stock market closing: Nifty 50 at 24,326.65 down 0.02%, Sensex at 77,844.52 down 0.15%, Nifty auto at 27,339.95 up 1.93%

Arunika Jain — Thu, 07 May 2026 10:05:23 +0000

The Indian stock market witnessed a mixed session today, with the Nifty 50 closing slightly lower at 24,326.65, marking a marginal decline of 0.02% from its opening level. The Sensex also ended in the red, dropping 0.15% to close at 77,844.52. Despite the overall subdued sentiment, the Nifty Auto index emerged as a significant gainer, surging 1.93% to settle at 27,339.95.

Index movements

The Nifty 50 opened at 24,398.50 and experienced fluctuations throughout the day, reaching a high of 24,482.10 and a low of 24,284.00. The index trajectory showed varied movements, with notable levels at 24,405.00 shortly after opening and a dip to 24,301.50 before recovering slightly to close at 24,326.65. Meanwhile, the Sensex opened at 78,339.24, peaked at 78,384.70, and touched a low of 77,713.21 before closing at 77,844.52.

The Bank Nifty index showed a modest gain, closing at 56,047.40, up 0.12% from its opening of 56,114.00. It recorded a high of 56,334.15 and a low of 55,783.20 during the session.

Sectoral performance

The Nifty Auto index led the sectoral gains, closing at 27,339.95, up 1.93% from its opening level. Other sectoral indices such as Nifty Midcap 50 and Nifty Midcap 100 also posted gains, rising 1.41% and 1.10%, respectively. The Nifty Energy index climbed 0.82% to close at 41,141.95.

On the downside, the Nifty IT index fell 0.77% to 29,043.50, while the Nifty FMCG index declined 0.76% to 51,068.45. The Nifty PSU Bank index also saw a decline, closing at 8,636.60, down 0.49%.

Market breadth

The broader market indices showed a mixed trend. The Nifty 100 index closed slightly higher at 25,319.50, up 0.03%. The Nifty 500 index ended almost flat at 23,214.00, with a marginal gain of 0.35%. The Nifty Metal and Nifty Media indices also posted modest gains, closing at 13,165.40 and 1,472.20, respectively.

Index	Open	High	Low	Current	Change %
Nifty 50	24,398.50	24,482.10	24,284.00	24,326.65	-0.02%
Sensex	78,339.24	78,384.70	77,713.21	77,844.52	-0.15%
Nifty Auto	26,983.15	27,533.20	26,878.15	27,339.95	+1.93%
Nifty Midcap 50	17,470.75	17,644.10	17,420.55	17,617.55	+1.41%
Nifty Midcap 100	61,658.90	62,094.40	61,441.15	62,003.15	+1.10%
Nifty Energy	40,952.35	41,241.10	40,840.75	41,141.95	+0.82%
Nifty IT	29,377.80	29,418.00	29,009.40	29,043.50	-0.77%
Nifty FMCG	51,485.45	51,504.95	51,000.10	51,068.45	-0.76%
Nifty Realty	824.60	828.95	813.80	827.50	+0.63%
Nifty PSU Bank	8,741.55	8,745.15	8,597.40	8,636.60	-0.49%
India VIX	16.68	17.20	15.17	16.62	-0.36%
Nifty 500	23,219.35	23,304.50	23,142.45	23,214.00	+0.35%
Nifty Metal	13,182.65	13,256.20	13,129.80	13,165.40	+0.27%
Nifty Media	1,474.80	1,483.80	1,464.70	1,472.20	+0.21%
Bank Nifty	56,114.00	56,334.15	55,783.20	56,047.40	+0.12%
Nifty Pharma	24,153.15	24,268.10	24,095.30	24,135.50	+0.10%
Nifty 100	25,388.85	25,460.90	25,267.90	25,319.50	+0.03%

Market outlook

As the trading session concluded, the market displayed a mixed sentiment with sectoral indices showing varied performances. Investors will be closely monitoring global cues and domestic developments in the coming days to gauge the market’s direction. The Nifty Auto’s strong performance today highlights the sector’s potential, while other sectors may need to show resilience to sustain positive momentum.

Data as on May 7, 2026, 03:35 PM IST.

Bajaj Holdings recommends Rs 130 per share dividend including special payout

Arunika Jain — Thu, 07 May 2026 09:36:58 +0000

Bajaj Holdings & Investment has announced a significant dividend payout for its shareholders, following the approval of its financial results for the fiscal year ended 31 March 2026. The Board of Directors has recommended a final dividend of ₹130 per equity share, which includes a special payout of ₹50 in celebration of the Bajaj Group‘s centenary.

The company’s financial results, prepared in accordance with Indian Accounting Standards (Ind AS), were approved by the Board during a meeting held on 7 May 2026. The audit reports accompanying these results were submitted with unmodified opinions, indicating a clean financial health for the company.

The proposed dividend, subject to shareholder approval at the upcoming Annual General Meeting (AGM) scheduled for 31 July 2026, will be credited to eligible shareholders on or before 5 August 2026. The record date to determine eligibility for the dividend has been set for 30 June 2026.

In addition to the financial results and dividend announcement, the Board has approved the re-appointment of Dr. Arindam Bhattacharya as a Non-executive Independent Director for a second term of five years, starting from 17 September 2026. Dr. Bhattacharya, who has an extensive background in consulting and industry leadership, will continue to contribute to the company’s strategic direction.

The meeting of the Board of Directors commenced at 12:00 noon and concluded at 2:20 p.m.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Adani Green Energy incorporates two new step-down subsidiaries

Arunika Jain — Thu, 07 May 2026 09:28:03 +0000

Adani Green Energy Limited has announced the incorporation of two new wholly-owned subsidiaries under its subsidiary Adani Renewable Energy Sixty Four Limited (ARE64L). The new entities, named ARE64L Step-One Renewable Energy Limited (ARE64S1L) and ARE64L Step-Two Renewable Energy Limited (ARE64S2L), were incorporated on 7 May 2026.

The newly formed subsidiaries are based in India and focus on the generation of power using renewable energy sources. Both ARE64S1L and ARE64S2L are step-down subsidiaries of Adani Green Energy, as they are wholly owned by ARE64L, in which Adani Green Energy holds a 50% stake.

Each of the new subsidiaries has been incorporated with an authorised capital of ₹1,00,000. The incorporation does not involve any direct shareholding by Adani Green Energy in ARE64S1L and ARE64S2L. Instead, ARE64L holds 100% of the shares in these entities.

The incorporation of these subsidiaries aligns with Adani Green Energy’s strategic focus on expanding its renewable energy portfolio. The company continues to strengthen its position in the renewable energy sector, contributing to sustainable energy solutions.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Waaree Renewable Technologies to acquire 55% stake in Associated Power Structures for Rs 1,225 crore

Arunika Jain — Thu, 07 May 2026 07:56:30 +0000

Waaree Renewable Technologies Limited (WRTL) has announced the acquisition of a 55% stake in Associated Power Structures Private Limited (APSPL) for a total investment value of ₹1,225 crore. This acquisition will make APSPL a subsidiary of WRTL.

The acquisition involves two key agreements: a Shareholders Agreement (SHA) and a Share Purchase and Subscription Agreement (SPSA). The SHA outlines the terms and conditions for the purchase of equity shares of APSPL by WRTL from existing shareholders, as well as the subscription to additional equity shares to be issued to WRTL. The SPSA records the inter-se arrangements between the parties concerning the company.

The parties involved in the share purchase and subscription agreement include WRTL as the purchaser, key individuals such as Mr. Satish Desai, Mr. Parag Kothari, Mr. Ajay Patel, and the Desai, Kothari, and Patel Family Trusts as the seller shareholders. APSPL, formerly known as Associated Power Structures Limited, is the target company.

As per the shareholders’ agreement, WRTL will have the rights to nominate directors, first right to share subscription in case of issuance of shares, and the right to restrict any change in capital structure unless it involves an affiliate. These rights extend to the running of APSPL’s day-to-day business.

The acquisition process, initially planned to be completed by 30th April 2026, is now expected to conclude by 15th June 2026 due to procedural requirements. This includes the transfer of existing securities and the allotment of securities through fresh issuance.

WRTL and APSPL are not related to the promoter or promoter group companies in any manner. The transaction does not fall under related party transactions and is conducted at arm’s length.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Craftsman Automation reports Rs 11.25 per share dividend and key re-appointments

Arunika Jain — Thu, 07 May 2026 07:55:12 +0000

Craftsman Automation has announced a series of significant decisions following its Board meeting on 7th May 2026. The company approved the audited standalone and consolidated financial results for the quarter and year ended 31st March 2026. Additionally, the Board has recommended a final dividend of ₹11.25 per equity share of ₹5 each, representing a 225% dividend for the financial year ended 31st March 2026, pending shareholder approval at the upcoming Annual General Meeting.

In terms of leadership, the Board has re-appointed Mr. Srinivasan Ravi as the Chairman and Managing Director for another five-year term, subject to shareholder approval. Similarly, Mr. Ravi Gauthamram has been re-appointed as the Whole Time Director for a five-year period, again pending shareholder approval.

The company also announced the appointment of Mr. Arjun Shridhar as Senior Management Personnel. Mr. Shridhar, who currently serves as the General Manager of the Technology Development Division at Craftsman Storage Solutions, will assume this new role.

Furthermore, M/s. S. Mahadevan & Co has been re-appointed as the Cost Auditors for the financial year 2026-27.

Craftsman Automation will hold its 40th Annual General Meeting on 23rd July 2026 via video conference or other audio-visual means. The Register of Members will be closed from 17th July to 23rd July 2026, with 16th July set as the record date for determining dividend eligibility and voting rights.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Godawari Power and Ispat updates CIN due to NIC code revision

Arunika Jain — Thu, 07 May 2026 07:27:58 +0000

Godawari Power and Ispat has announced a change in its Corporate Identification Number (CIN) following an update to the National Industrial Classification (NIC) Code. The revised CIN is L24100CT1999PLC013756, replacing the previous L27106CT1999PLC013756.

This change is a result of alterations in the Main Object Clause of the company, which were approved by shareholders and the Central Processing Centre of the Ministry of Corporate Affairs (MCA) in Manesar, Haryana. The update to the NIC code was automatically reflected in the MCA Master Data, leading to the modification of the company’s CIN.

Godawari Power and Ispat confirmed that there have been no changes to its legal status, registered office, operations, or share capital apart from the updated CIN. The company has assured stakeholders that the alteration does not affect its business operations or corporate structure.

The updated MCA Master Data, which includes the new CIN, has been shared for reference. The company has requested that relevant records be updated to reflect this change.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Stock market midday update: Nifty 50 at 24,367.80 up 0.15%, Sensex at 77,961.62 flat, Nifty auto leads at 27,277.25 up 1.69%

Arunika Jain — Thu, 07 May 2026 07:00:39 +0000

As of midday, the Indian stock market exhibited a mixed performance with the Nifty 50 rising to 24,367.80, marking a 0.15% increase from its opening level of 24,398.50. The Sensex, however, remained flat at 77,961.62, unchanged from its opening. The Nifty Auto index emerged as the standout performer, advancing by 1.69% to reach 27,277.25.

Index movements

The Nifty 50 opened at 24,398.50 and experienced fluctuations throughout the session, reaching a high of 24,423.35 and a low of 24,284.00. The Sensex, opening at 78,339.24, mirrored a similar pattern with a high of 78,339.24 and a low of 77,713.21. Meanwhile, the Bank Nifty saw a minor decline, trading at 55,997.40, slightly down from its opening of 56,114.00.

Sectoral performance

Sectoral indices displayed varied performances. The Nifty Auto index led the gains with a significant rise to 27,277.25 from its opening of 26,983.15. The Nifty Energy and Nifty Metal indices also posted gains, climbing by 0.87% and 0.85% respectively. In contrast, the Nifty IT index declined by 0.60%, settling at 29,093.35, while the Nifty PSU Bank index fell by 0.49% to 8,636.35.

Market breadth

Broader market indices reflected positive sentiment. The Nifty Midcap 50 rose by 0.98% to 17,543.85, and the Nifty Midcap 100 increased by 0.80% to 61,819.05. The Nifty 500 index saw a modest gain of 0.38%, reaching 23,220.20. However, the Nifty FMCG index declined by 0.37% to 51,267.90, and the Nifty Realty index slipped by 0.13% to 821.20.

Index	Open	High	Low	Current	Change %
Nifty 50	24,398.50	24,423.35	24,284.00	24,367.80	+0.15%
Sensex	78,339.24	78,339.24	77,713.21	77,961.62	+0.00%
Nifty Auto	26,983.15	27,344.35	26,878.15	27,277.25	+1.69%
Nifty Midcap 50	17,470.75	17,546.60	17,420.55	17,543.85	+0.98%
Nifty Energy	40,952.35	41,169.40	40,840.75	41,163.25	+0.87%
Nifty Metal	13,182.65	13,256.20	13,129.80	13,241.25	+0.85%
Nifty Midcap 100	61,658.90	61,823.10	61,441.15	61,819.05	+0.80%
Nifty IT	29,377.80	29,418.00	29,021.10	29,093.35	-0.60%
Nifty Pharma	24,153.15	24,244.50	24,095.30	24,241.35	+0.54%
Nifty PSU Bank	8,741.55	8,745.15	8,597.40	8,636.35	-0.49%
Nifty 500	23,219.35	23,237.85	23,142.45	23,220.20	+0.38%
Nifty FMCG	51,485.45	51,504.95	51,051.75	51,267.90	-0.37%
Nifty 100	25,388.85	25,413.20	25,267.90	25,352.15	+0.16%
Nifty Realty	824.60	828.85	813.80	821.20	-0.13%
India VIX	16.68	17.20	15.17	16.69	+0.06%
Nifty Media	1,474.80	1,483.80	1,464.70	1,469.95	+0.06%
Bank Nifty	56,114.00	56,148.45	55,783.20	55,997.40	+0.03%

Market outlook

As the session progresses, investors will be closely monitoring the movements in the Nifty Auto and IT sectors, which have shown significant activity. The overall market sentiment remains cautiously optimistic, with sectoral performances indicating varied investor interests. Traders will be eyeing any developments that could influence the indices further as the day unfolds.

Data as on May 7, 2026, 12:30 PM IST.

Panacea Biotec reports no shares dematerialised in April 2026

Arunika Jain — Thu, 07 May 2026 05:51:38 +0000

Panacea Biotec has announced that no shares were dematerialised during April 2026. The company confirmed this in its regulatory filing, citing compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.

As of 30 April 2026, the total number of shares dematerialised remained unchanged from the previous month, with 5,36,44,500 shares under the National Securities Depository Limited (NSDL) and 74,60,026 shares under the Central Depository Services Limited (CDSL), bringing the total to 6,11,04,526 shares.

The company also attached a certificate from its Registrar and Share Transfer Agent, Skyline Financial Services Pvt. Ltd., confirming the dematerialised shares status as of the end of April 2026.

This update was provided to ensure transparency and compliance with the regulatory requirements for listed securities.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Stock market live update: Nifty 50 at 24,373.40 up 0.17%, Sensex at 78,028.73 up 0.09%, Nifty auto at 27,233.25 up 1.53%

Arunika Jain — Thu, 07 May 2026 05:30:21 +0000

The Indian stock market is witnessing a positive trend this morning, with the Nifty 50 climbing to 24,373.40, marking a 0.17% increase from its opening level. The Sensex also shows a modest gain, currently at 78,028.73, up 0.09% from the open. Among sectoral indices, Nifty Auto is leading the charge with a significant rise of 1.53%, reaching 27,233.25.

Index movements

The Nifty 50 opened at 24,398.50 and has seen a high of 24,423.35 and a low of 24,300.70 during the session. The index has shown a steady upward trajectory with fluctuations, starting at 24,405.00 and moving through levels like 24,334.35 and 24,395.55 before stabilising at the current level. Meanwhile, the Sensex opened at 78,339.24, reaching a high of the same level and a low of 77,798.28, reflecting a stable yet cautious trading environment.

Bank Nifty opened at 56,114.00 and is currently at 56,092.15, with a slight increase of 0.20% from the open. It reached a high of 56,148.45 and a low of 55,822.65, indicating a narrow trading range.

Sectoral performance

The Nifty Auto index is the standout performer, currently at 27,233.25, up by 1.53% from its opening level of 26,983.15. It reached a high of 27,344.35, showcasing strong buying interest. Nifty Energy also shows a positive trend, up 0.88% at 41,165.60. In contrast, Nifty Realty and Nifty FMCG are experiencing declines, with Nifty Realty down 0.71% at 816.45 and Nifty FMCG down 0.54% at 51,180.80.

Market breadth

The broader market indices are reflecting a mixed sentiment. Nifty Midcap 50 is up 0.76% at 17,505.25, while Nifty Midcap 100 has gained 0.62% to reach 61,708.00. The Nifty 500 index shows a slight increase of 0.36%, currently at 23,216.40. These movements suggest a balanced market breadth with selective buying across sectors.

Index	Open	High	Low	Current	Change %
Nifty 50	24,398.50	24,423.35	24,300.70	24,373.40	+0.17%
Sensex	78,339.24	78,339.24	77,798.28	78,028.73	+0.09%
Nifty Auto	26,983.15	27,344.35	26,878.15	27,233.25	+1.53%
Nifty Energy	40,952.35	41,169.40	40,840.75	41,165.60	+0.88%
Nifty Midcap 50	17,470.75	17,507.55	17,420.55	17,505.25	+0.76%
Nifty Realty	824.60	828.85	813.80	816.45	-0.71%
Nifty Metal	13,182.65	13,256.20	13,129.80	13,212.35	+0.63%
Nifty Midcap 100	61,658.90	61,713.70	61,441.15	61,708.00	+0.62%
Nifty FMCG	51,485.45	51,504.95	51,051.75	51,180.80	-0.54%
Nifty IT	29,377.80	29,418.00	29,103.05	29,128.60	-0.48%
Nifty 500	23,219.35	23,237.85	23,143.85	23,216.40	+0.36%
Nifty Pharma	24,153.15	24,237.80	24,095.30	24,195.35	+0.35%
Nifty 100	25,388.85	25,413.20	25,290.60	25,365.35	+0.21%
Bank Nifty	56,114.00	56,148.45	55,822.65	56,092.15	+0.20%
India VIX	16.68	16.99	15.17	16.71	+0.18%
Nifty Media	1,474.80	1,483.80	1,465.20	1,471.50	+0.17%
Nifty PSU Bank	8,741.55	8,745.15	8,637.05	8,677.05	-0.02%

Market outlook

As the trading session progresses, market participants will keep a close watch on the movements of key indices and sectoral performances. The positive momentum in Nifty Auto and Energy sectors could influence further buying interest. However, the declines in Realty and FMCG sectors may pose challenges. Investors are advised to stay informed on market trends and sectoral shifts as the day unfolds.

Data as on May 7, 2026, 11:00 AM IST.

Ticker’s technology solution for FIU client goes live with strong market response

Arunika Jain — Thu, 07 May 2026 04:50:02 +0000

Ticker Limited, a subsidiary of 63 moons technologies, has successfully launched its technology solution for a Financial Intelligence Unit (FIU) approved client in India, as well as for other clients globally. The launch has received a very positive market response. The platform, which is powered by Ticker’s state-of-the-art technology, has been highly appreciated for its robust, scalable, and user-friendly features. Clients have expressed strong appreciation for the technology, marking a significant milestone for Ticker in delivering advanced and compliant technology solutions to the financial market ecosystems.

This achievement underscores Ticker’s strength as a technology company specialising in building secure, scalable, and innovative solutions for technology-enabled platforms. The deployment signifies Ticker’s commitment to providing high-quality technology solutions that meet the demands of the financial market.

Additionally, an update was provided regarding the ongoing efforts of the Resolution Applicant for reviving Baron Infotech Limited, a company under the Corporate Insolvency Resolution Process (CIRP). The update, shared in a letter dated 5 May 2026, included the contentions raised by the Resolution Applicant and the order of the Hon’ble National Company Law Tribunal (NCLT), Hyderabad.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Zen Technologies unveils new defence products at North Tech Symposium 2026

Arunika Jain — Thu, 07 May 2026 03:15:40 +0000

Zen Technologies has announced the launch of a range of new defence products and advanced technology solutions at the North Tech Symposium 2026, which took place in Prayagraj. The company introduced several innovative products designed to enhance defence capabilities.

Among the new offerings is the AI-Powered Zen Anti-Drone System, which aims to counter the growing threat of unmanned aerial vehicles. Additionally, Zen Technologies launched the Zen Suraksha Cybersecurity Suite, providing robust protection against cyber threats. The Zen Anti-Drone Simulator was also unveiled, offering a training platform for anti-drone operations.

The company showcased the Zen Vrishab, an Unmanned Ground Vehicle designed for combat, logistics, and casualty evacuation roles. This vehicle is part of Zen Technologies’ commitment to developing unmanned platforms for various defence applications.

Further expanding its product portfolio, Zen Technologies introduced the 12.7mm and 30mm Smart Ammunition Airburst Solution, designed to enhance the effectiveness of munitions. The Zen HyperStrike Long-Range System, capable of reaching distances over 400 km, was also launched, providing a significant boost to long-range defence capabilities.

Another notable addition is the Zen Bijli, a Directed Energy Weapon (Laser System), which represents a leap forward in directed energy solutions. This product is part of the company’s efforts to advance indigenous defence technologies.

These product launches align with the Government of India’s Atmanirbhar Bharat initiative, emphasising the importance of indigenous design, development, and manufacturing of advanced defence technologies. Zen Technologies’ new offerings reflect its ongoing commitment to supporting this vision by providing next-generation defence capabilities.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Clean Max Enviro Energy Solutions signs amended investment agreement with Apple India

Arunika Jain — Wed, 06 May 2026 19:48:33 +0000

Clean Max Enviro Energy Solutions has entered into an amended and restated investment agreement with Apple India Private Limited and Clean Max Taurus Private Limited. The agreement, originally dated 19 December 2025, was updated on 6 May 2026 to reflect revised commercial understandings.

Under the terms of the amended agreement, Clean Max Enviro Energy Solutions and Apple India will acquire equity shares in Taurus, subject to the completion of certain conditions. Clean Max Enviro Energy Solutions will hold approximately 51% of Taurus’s shareholding, while Apple India will hold around 49%.

The agreement outlines the investment manner, including conditions to be fulfilled by Taurus and Clean Max Enviro Energy Solutions prior to the investment. It also provides for proportionate Board representation rights for shareholders, without the obligation to appoint Board members, and includes customary reserved matter rights for identified matters related to Taurus and its subsidiaries.

Additionally, the agreement imposes customary transfer restrictions on Clean Max Enviro Energy Solutions and Apple India concerning Taurus shares, including a time-bound lock-in period. After this period, Clean Max Enviro Energy Solutions has the right to purchase, and Apple India can require the purchase of all Apple India’s securities and debt in Taurus.

Moreover, Clean Max Enviro Energy Solutions has entered into three amended and restated share purchase agreements with Taurus for its subsidiaries Clean Max Ganga, Clean Max Kruger, and Clean Max Sapphire. These agreements ensure that the subsidiaries will continue to be held by Clean Max Enviro Energy Solutions through Taurus.

The amended agreements also include customary provisions regarding representations, warranties, information and inspection rights, and indemnities. Clean Max Enviro Energy Solutions is obliged to indemnify Apple India for any breach of warranties or applicable laws by the company, Taurus, or its subsidiaries, subject to specified monetary and time caps.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Commodities market closing: gold at ₹152,219.00 gains 1.65%, silver at ₹253,800.00 rises 3.88%, crude oil at ₹9,018.00 drops 7.01%

Arunika Jain — Wed, 06 May 2026 18:05:14 +0000

In the latest session, gold prices climbed to ₹152,219.00, marking a 1.65% increase from the opening level, buoyed by cues of a weaker dollar. Silver also saw a significant rise, closing at ₹253,800.00, up 3.88% from its opening price. However, crude oil experienced a sharp decline, ending the session at ₹9,018.00, a 7.01% drop from its opening.

Precious metals

Gold exhibited a strong performance throughout the day, reaching a high of ₹152,889.00 and a low of ₹151,602.00. The trajectory showed consistent gains, particularly in the afternoon session. Silver mirrored this positive trend, hitting a high of ₹255,409.00. The Gold Mini contract also followed suit, closing at ₹152,145.00, up 1.60% from its opening.

Energy commodities

Crude oil faced a challenging session, with prices falling to a low of ₹8,380.00 before recovering slightly to close at ₹9,018.00. Natural gas also saw a decline, ending at ₹258.60, down 3.15% from the opening level. The energy sector faced headwinds, contributing to the downward pressure on prices.

Base metals

In the base metals segment, copper prices rose to ₹1,308.80, a 1.65% increase from the opening. Aluminium saw a slight decrease, closing at ₹370.05, down 1.19%. Zinc managed a modest gain, ending at ₹346.45, up 0.23% from its opening price.

Commodity	Open	High	Low	Current	Change %
Gold	152,000.00	152,889.00	151,602.00	152,219.00	1.65%
Silver	249,316.00	255,409.00	249,316.00	253,800.00	3.88%
Crude Oil	9,610.00	9,644.00	8,380.00	9,018.00	-7.01%
Natural Gas	267.00	267.00	255.60	258.60	-3.15%
Copper	1,294.40	1,312.90	1,294.40	1,308.80	1.65%
Gold Mini	150,699.00	152,830.00	150,699.00	152,145.00	1.60%
Aluminium	370.35	376.70	366.90	370.05	-1.19%
Zinc	347.95	349.95	344.70	346.45	0.23%

Outlook

The commodities market continues to be influenced by global economic cues, particularly the strength of the US dollar, which has been a key driver for precious metals. Energy commodities remain volatile, with crude oil facing significant downward pressure. Market participants will be closely watching upcoming economic data releases and geopolitical developments for further direction.

Data as on May 6, 2026, 11:35 PM IST.

HEG reports zero transfer requests for physical shares in April 2026

Arunika Jain — Wed, 06 May 2026 17:14:31 +0000

HEG Limited has reported nil activity in re-lodgement requests for physical share transfers during April 2026, according to a regulatory submission filed with the National Stock Exchange and BSE on 6 May 2026.

The company’s registrar and share transfer agent, MCS Share Transfer Agent Limited, confirmed that no requests for re-lodgement of transfer requests were received during the month, nor were any requests processed, approved, or rejected in April 2026.

The filing was submitted in compliance with SEBI circular no. HO/38/13/11(2)2026-MIRSD-POD/I/T750/2026 dated 20 January 2026, which mandates disclosure of re-lodgement requests under a special window for physical share transfers. The circular, originally issued on 30 January 2025, established a dedicated mechanism for shareholders to lodge requests for re-lodgement of transfer deeds for physical securities.

MCS Share Transfer Agent Limited, serving as the company’s registrar, submitted the monthly report detailing the status of all re-lodgement requests received from shareholders during the period. The absence of any requests or activity in April 2026 suggests minimal shareholder engagement with the physical share transfer re-lodgement process during that month.

Under the SEBI framework, companies are required to report on a monthly basis the number of requests received, processed, approved, and rejected, along with the average processing time. The disclosure requirement forms part of enhanced transparency measures in the share transfer mechanism.

HEG Limited is headquartered in Mandideep near Bhopal, Madhya Pradesh, with its corporate office in Noida, National Capital Region.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Shree Cement makes earnings conference call recording available online

Arunika Jain — Wed, 06 May 2026 16:03:10 +0000

Shree Cement has made the audio recording of its earnings conference call available online. The call, which took place on 6th May 2026, discussed the financial results for the quarter ending 31st March 2026. The recording has been uploaded to the company’s website and can be accessed through the following link: shreecement.com/uploads/investors_con_call/10041930.mp3.

This move is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates the disclosure of material events and information by listed entities. By making the earnings call recording accessible, Shree Cement ensures transparency and provides stakeholders with the opportunity to review the company’s financial performance and strategic insights shared during the call.

The availability of such recordings is a common practice among publicly listed companies, allowing investors, analysts, and other interested parties to gain a deeper understanding of the company’s operations and future outlook. Shree Cement’s adherence to these regulatory requirements underscores its commitment to maintaining open communication with its stakeholders.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Capacit’e Infraprojects completes Rs 75 crore redemption of non-convertible debentures

Arunika Jain — Wed, 06 May 2026 14:07:51 +0000

Capacit’e Infraprojects has successfully completed the redemption of its non-convertible debentures (NCDs) amounting to ₹75 crore. This marks the full redemption of the senior, secured, unlisted, and unrated redeemable NCDs previously issued by the company.

The NCDs, identified by ISIN INE264T07037, comprised a total of 7,500 units, each with a face value of ₹1,00,000. The total redemption amount is ₹75,00,00,000.

Following this redemption, all encumbrances associated with these NCDs are set to be released. Additionally, 10,00,000 equity shares held by the Promoter Group, which were pledged as security for these NCDs, have been released by the Debenture Trustee.

This information has been made available on the company’s website, www.capacite.in. For further queries or clarifications, stakeholders can contact the company at cs@capacite.in.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Commodities market live: gold at ₹152,462.00 gains 1.81%, silver at ₹253,750.00 up 3.86%, crude oil at ₹9,112.00 drops 6.04%

Arunika Jain — Wed, 06 May 2026 14:00:23 +0000

Gold prices have climbed to ₹152,462.00, marking a 1.81% increase from the opening, buoyed by cues of a weaker dollar. Silver also saw a significant rise, reaching ₹253,750.00, up 3.86% from its opening level. Meanwhile, crude oil experienced a notable decline, dropping 6.04% to ₹9,112.00, making it the most-moved commodity of the day.

Precious metals

Gold’s trajectory throughout the session showed fluctuations, with prices starting at ₹152,000.00 and reaching a high of ₹152,889.00. The lowest point was recorded at ₹151,602.00. Silver opened at ₹249,316.00 and hit a high of ₹255,409.00, maintaining its upward momentum. The Gold Mini also mirrored this trend, closing at ₹152,370.00, a 1.75% increase from its opening of ₹150,699.00.

Energy commodities

Crude oil faced a challenging session, opening at ₹9,610.00 and falling to a low of ₹8,380.00 before settling at ₹9,112.00. Natural gas also saw a decrease, closing at ₹257.30, down 3.63% from its opening of ₹267.00. These declines highlight the volatility in the energy sector today.

Base metals

In the base metals segment, copper showed resilience with a 1.53% increase, closing at ₹1,307.25 after opening at ₹1,294.40. Aluminium, however, saw a slight decline, ending at ₹369.30, down 1.39% from the opening. Zinc remained relatively stable, closing at ₹346.45, a modest 0.23% increase from its opening level of ₹347.95.

Commodity	Open	High	Low	Current	Change %
Gold	152,000.00	152,889.00	151,602.00	152,462.00	1.81%
Silver	249,316.00	255,409.00	249,316.00	253,750.00	3.86%
Crude Oil	9,610.00	9,644.00	8,380.00	9,112.00	-6.04%
Natural Gas	267.00	267.00	255.60	257.30	-3.63%
Gold Mini	150,699.00	152,830.00	150,699.00	152,370.00	1.75%
Copper	1,294.40	1,312.90	1,294.40	1,307.25	1.53%
Aluminium	370.35	376.70	366.90	369.30	-1.39%
Zinc	347.95	349.95	345.45	346.45	0.23%

Outlook

The commodities market today was influenced by the strength of the US dollar, impacting the pricing of precious metals like gold and silver. Energy commodities such as crude oil and natural gas faced declines, reflecting broader market volatility. Investors will continue to monitor currency movements and global economic indicators for further cues.

Data as on May 6, 2026, 07:30 PM IST.

Navin Fluorine announces ₹8.60 final dividend per share for FY 2025-26

Arunika Jain — Wed, 06 May 2026 13:56:52 +0000

Navin Fluorine International has announced a final dividend of ₹8.60 per equity share for the financial year ending March 31, 2026. This decision was made during the company’s board meeting on April 29, 2026, and is subject to approval at the upcoming 28th Annual General Meeting.

The dividend will be distributed to shareholders holding equity shares, either in electronic or physical form, based on their eligibility as of the record date, which is set for June 12, 2026. The payment is scheduled to be made on or after August 13, 2026.

In compliance with the Finance Act, 2020, dividend income is taxable in the hands of shareholders. Consequently, Navin Fluorine will deduct tax at source at the time of distribution or payment of the dividend. The rate of Tax Deducted at Source (TDS) will vary depending on the residential status of the shareholder and the documents submitted to the company.

For resident shareholders, a TDS rate of 10% will apply, provided they have updated their PAN with the depositories or the company’s Registrar and Transfer Agent, Kfin Technologies Limited. No tax will be deducted if the dividend income does not exceed ₹10,000 during FY 2026-27 or if the shareholder is exempted from TDS provisions and provides the necessary documentation.

Non-resident shareholders will face a TDS rate of 20% plus applicable surcharge and cess, unless they opt for a lower rate under a Double Taxation Avoidance Agreement by submitting the required documents, including a Tax Residency Certificate and self-declarations.

Shareholders are advised to submit the necessary documents to KFin by the stipulated deadline to ensure the correct application of TDS rates.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Servotech Renewable secures 1415 kW solar rooftop project order from South Central Railway

Arunika Jain — Wed, 06 May 2026 12:38:54 +0000

Servotech Renewable Power System Ltd., a prominent player in renewable energy and EV charging solutions, has secured a significant 1415 kW solar rooftop project order from the Vijayawada Division of the South Central Railway. This development marks an important step in the company’s expanding collaboration with Indian Railways and its commitment to public infrastructure renewable energy projects.

The project involves the design, engineering, supply, installation, testing, and commissioning of grid-connected rooftop solar systems across several railway sites under the Vijayawada Division. This initiative aligns with Indian Railways’ ongoing strategy to enhance renewable energy adoption and reduce carbon emissions through sustainable infrastructure. The order was obtained through a competitive bidding process, underscoring Servotech Renewable’s expertise in executing large-scale institutional and government-led renewable energy projects.

Sarika Bhatia, Director of Servotech Renewable Power System Ltd., expressed satisfaction with the order, stating, “We are pleased to strengthen our association with Indian Railways through this project with the Vijayawada Division. Such projects reflect the growing momentum towards clean energy integration across critical public infrastructure in India. We remain committed to delivering efficient, reliable, and high-performance solar solutions that support institutions in achieving their sustainability objectives while contributing to broader renewable energy adoption goals.”

This project further bolsters Servotech Renewable’s institutional order book and highlights the company’s ongoing involvement in government-led renewable energy initiatives.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Servotech secures order for 1415 kW solar project from South Central Railway

Arunika Jain — Wed, 06 May 2026 12:33:15 +0000

Servotech Renewable Power System has secured a significant order from South Central Railway for a 1415 kW solar rooftop project in the Vijayawada Division. The order involves the design, engineering, supply, installation, testing, and commissioning of grid-connected rooftop solar systems across multiple railway sites within the division.

The contract, awarded by a domestic entity, is set to be executed within six months from the issuance of the Letter of Acceptance (LOA). The terms and conditions of the contract are standard as per the agreement, and there is no involvement of international entities.

The company clarified that neither the promoter group nor any group companies have any interest in the entity awarding the contract. Furthermore, the order does not fall within related party transactions.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

DCM Shriram enters tripartite agreement with new registrar and share transfer agent

Arunika Jain — Wed, 06 May 2026 11:55:59 +0000

DCM Shriram has announced the execution of a tripartite agreement involving the company, its former registrar and share transfer agent (RTA), MCS Share Transfer Agent Limited, and the new RTA, KFin Technologies Limited. The agreement was finalised on 4th May 2026, in compliance with Regulation 7(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This strategic move signifies a transition in the management of DCM Shriram‘s share transfer and registry services, ensuring a seamless transfer of responsibilities to KFin Technologies Limited. The company has made this information available on its official website for public access.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ambuja Cements reports violation of insider trading regulations with Rs 1,29,890 transaction

Arunika Jain — Wed, 06 May 2026 11:18:28 +0000

Ambuja Cements Limited has reported a violation of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, by one of its designated persons, Mr. Kiran Kotian. The breach involved trading in 250 equity shares of the company during a closed trading window, with a total transaction value of ₹1,29,890.

The company detailed the violation in compliance with Regulation 9(1) read with Schedule B of the SEBI PIT Regulations, 2015. The transaction occurred on various dates, including a contra trade, which is prohibited during the trading window closure period.

As a result of this breach, Ambuja Cements has taken disciplinary action against Mr. Kotian. The company issued a warning letter, imposed a penalty of ₹25,005, and ordered the disgorgement of profits amounting to ₹1,595. These amounts have been directed to be deposited into the Investors Protection and Education Fund (IPEF).

The company stated that the action was taken as the trade, although unintentional, violated the company’s internal code of conduct. No previous instances of such violations were reported since the last financial year.

The penalty and disgorgement amounts were transferred online by Mr. Kotian, with the penalty transaction completed on March 16, 2026, and the disgorgement on April 10, 2026.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Vedanta releases April 2026 stakeholder insights update

Arunika Jain — Wed, 06 May 2026 11:09:54 +0000

Vedanta Limited has disclosed its April 2026 insights document to the stock exchanges, detailing the latest updates from the company for stakeholder information and records.

The disclosure was made in line with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, through a letter to the BSE Limited and the National Stock Exchange of India Limited dated May 6, 2026.

The Insights by Vedanta document provides updates from April 2026 and has been made available to both exchanges for public record. The company has also uploaded the document on its corporate website at www.vedantalimited.com for stakeholder access.

The disclosure reaffirms Vedanta’s commitment to transparency and regular stakeholder engagement through periodic updates on company operations and developments. The letter was authorised by Prerna Halwasiya, Company Secretary and Compliance Officer at Vedanta Limited.

The BSE scrip code for Vedanta is 500295, while the NSE scrip code is VEDL.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Greaves Cotton reports ₹1000 crore revenue in Q4 FY26, achieving 22% growth

Arunika Jain — Wed, 06 May 2026 10:53:37 +0000

Greaves Cotton Limited, a diversified engineering company, has announced its financial results for the fourth quarter and full year ending March 31, 2026. The company reported a consolidated revenue of ₹1000 crore for Q4 FY26, marking a 22% year-on-year growth. Standalone revenue for the same period was ₹698 crore, also reflecting a 22% increase from the previous year.

The company’s international business has been a significant growth driver, contributing 13% to the Energy, Mobility, and Industrial segments. For the full financial year 2026, Greaves Cotton achieved a consolidated revenue of ₹3437 crore, an 18% increase year-on-year, with an EBITDA of ₹239 crore and an operating profit before tax (PBT) of ₹154 crore. The operating PBT margins expanded by 210 basis points.

On a standalone basis, the company reported a revenue of ₹2365 crore for FY26, up 19% from the previous year. The standalone EBITDA was ₹320 crore, and the operating PBT was ₹312 crore, with operating PBT margins expanding by 40 basis points.

Parag Satpute, Managing Director and Group CEO of Greaves Cotton, highlighted the company’s transition from strategy to execution under the Greaves.Next initiative. The robust 22% growth at a consolidated level was driven by strong demand, improved profitability, and disciplined execution. The international business, particularly the mobility segment, showed good momentum, focusing on deepening partnerships and customer relationships with global OEMs.

The Energy Solutions segment delivered a 17% growth in Q4 FY26 and 20% for the full year, led by a sharp 35% year-on-year growth in the aftermarket sector. Mobility Solutions recorded a 16% growth in FY26 and 20% in Q4 FY26, driven by strong demand for Euro V+ compliant diesel engines and robust domestic demand across key end-use segments.

The Industrial Solutions segment saw a 6% growth in FY26 and a 15% increase in Q4 FY26, driven by strong demand across agriculture, firefighting, and defence applications. The international business grew its contribution to core business revenue from 9% to 13% in FY26, strengthening its presence across global markets.

Greaves Electric Mobility, a subsidiary, reported 61,597 E-2W VAHAN registrations in FY26, reflecting a 51% annual growth. The company exited Q4 with an improved market share of 4.4% in the E2W segment.

Looking ahead to FY27, Greaves Cotton aims to strengthen execution, enhance margins, and build a more resilient business while closely monitoring the macroeconomic environment.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

South Indian Bank achieves highest ever net profit of Rs 1,455 crore for FY 25-26

Arunika Jain — Wed, 06 May 2026 10:53:06 +0000

South Indian Bank has reported a record net profit of ₹1,455.14 crore for the financial year 2025-26, marking an 11.69% increase from the previous year’s ₹1,302.88 crore. This achievement underscores the bank’s robust financial performance, with several key metrics reaching all-time highs.

The bank’s total business reached ₹2,23,620 crore, the highest in its history, alongside a record operating profit of ₹2,373 crore. Non-interest income also hit a new peak at ₹2,009 crore. The bank’s Provision Coverage Ratio (PCR), including write-offs, improved significantly by 907 basis points to 94.10% year-on-year, while the Gross Non-Performing Assets (GNPA) ratio decreased by 177 basis points to 1.43%.

On the deposits front, retail deposits surged by ₹15,366 crore to ₹1,20,116 crore, a 14.67% year-on-year increase. NRI deposits grew by 11.92% to ₹35,371 crore, and savings bank deposits increased by 17.24% to ₹32,475 crore. Advances also saw substantial growth, with gross advances rising by ₹12,695 crore to ₹1,00,274 crore, reflecting a 14.50% increase.

The bank’s corporate segment experienced a 6.83% growth, with advances increasing by ₹2,472 crore to ₹38,670 crore. The gold loan portfolio expanded significantly by 45.62% to ₹24,729 crore, while vehicle loans grew by 21.39% to ₹2,412 crore. Mortgage loans saw a 42.50% increase, reaching ₹5,435 crore.

In addition to financial achievements, South Indian Bank received multiple accolades, including six awards at the IBA Banking Technology Awards, highlighting its advancements in technology and digital banking. The bank also earned a silver award in the AI Vanguard category at the IBEX BFSI Tech Awards.

Managing Director and CEO, Mr. P.R. Seshadri, emphasised the bank’s focus on sustained profitability and superior asset quality, leveraging digital technology to achieve business objectives. The bank’s strategy of ‘Profitability through Quality Credit Growth’ has been pivotal in maintaining a healthy credit portfolio.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Top losers today: oil India at ₹450.25 down 5.51%, hindustan oil exploration at ₹153.78 falls 4.67%, vardhman textiles at ₹609.90 slips 4.11%

Arunika Jain — Wed, 06 May 2026 10:05:43 +0000

The Indian stock market witnessed a positive start today, buoyed by favourable global cues and a decline in global crude prices. The Nifty 50 surged past the 24,100 mark, while the Sensex gained over 300 points. Despite this overall positive sentiment, certain stocks faced significant declines, with Oil India, Hindustan Oil Exploration Company, and Vardhman Textiles leading the list of top losers.

Biggest decliners today

Oil India emerged as the biggest loser, with its stock price falling by 5.51% from its opening level, closing at ₹450.25. The stock experienced volatility, hitting a high of ₹476.45 and a low of ₹448.15 during the session. Hindustan Oil Exploration Company followed closely, with a 4.67% decline, closing at ₹153.78. The stock opened at ₹160.50 and fluctuated between ₹161.10 and ₹153.10.

Vardhman Textiles also faced pressure, slipping 4.11% to ₹609.90. The stock opened at ₹641.10 and traded within a range of ₹647.00 to ₹606.25. CREDITACCESS GRAMEEN saw a decline of 3.42%, ending at ₹1,471.60 after opening at ₹1,489.70. Aadhar Housing Finance rounded out the top five losers, dropping 3.35% to ₹500.10.

Sectoral patterns

Among the other notable decliners, Praj Industries and Apar Industries, both from the industrial sector, fell by 3.30% and 3.20% respectively. Praj Industries closed at ₹401.80, while Apar Industries ended the session at ₹12,384.00. The energy sector also saw declines with ONGC dropping 3.16% to ₹280.80.

Stock	Open	High	Low	Current	Change %
Oil India	473.40	476.45	448.15	450.25	-5.51%
Hindustan Oil Exploration	160.50	161.10	153.10	153.78	-4.67%
Vardhman Textiles	641.10	647.00	606.25	609.90	-4.11%
CREDITACCESS GRAMEEN	1,489.70	1,511.70	1,461.20	1,471.60	-3.42%
Aadhar Housing Finance	520.00	520.00	495.05	500.10	-3.35%
Praj Industries	421.00	422.50	398.25	401.80	-3.30%
Apar Industries	12,900.00	12,900.00	12,340.00	12,384.00	-3.20%
ONGC	289.95	290.25	280.00	280.80	-3.16%
KPIT Technologies	783.95	795.30	722.50	748.60	-3.09%
Jyothy Labs	267.60	268.00	256.50	257.45	-2.94%

What this means for the market

Despite the broader market’s positive performance, the declines in these stocks highlight sector-specific challenges, particularly in the energy and industrial sectors. Investors should monitor these sectors closely as the session progresses, especially given the overall positive momentum in the market. The performance of these stocks could influence market sentiment in the upcoming sessions.

Data as on May 6, 2026, 03:35 PM IST.

Stock market closing: Nifty 50 at 24,330.95 up 1.24%, Sensex at 77,958.52 up 1.22%, PSU bank index gains 2.84%

Arunika Jain — Wed, 06 May 2026 10:05:27 +0000

The Indian stock market closed on a positive note today, with the Nifty 50 climbing to 24,330.95, marking a 1.24% increase from its opening level. The Sensex also saw a significant rise, closing at 77,958.52, up 1.22% from the open. Positive global cues and a decline in global crude prices contributed to the upbeat sentiment, with banks, auto, and IT stocks leading the gains.

Index movements

The Nifty 50 opened at 24,171.00 and experienced a session low of 23,997.90 before reaching a high of 24,356.50. The index showed resilience throughout the day, ultimately closing at 24,330.95. The Sensex followed a similar trajectory, opening at 77,424.36, hitting a low of 76,773.25, and peaking at 78,022.78 before settling at 77,958.52. The Bank Nifty was another standout performer, opening at 55,113.40 and closing at 55,981.05, up 2.63% from its opening level.

Sectoral performance

The Nifty PSU Bank index emerged as the top gainer, closing at 8,679.15, up 2.84% from its opening. The Nifty Auto index also performed well, rising 2.41% to close at 26,823.00. The Nifty Realty and Nifty Pharma indices saw gains of 2.63% and 2.30%, respectively. However, not all sectors shared in the gains; the Nifty Energy index fell by 0.45% to close at 40,806.65, while the Nifty FMCG index declined by 0.26% to 51,460.55.

Market breadth

Broader market indices also reflected the positive sentiment. The Nifty 100 and Nifty 500 indices rose by 1.29% and 1.43%, closing at 25,312.60 and 23,133.40, respectively. The Nifty Midcap 50 and Midcap 100 indices gained 2.21% and 1.76%, ending at 17,372.95 and 61,326.70. The Nifty Media index saw a modest increase of 1.36%, closing at 1,469.05.

Index	Open	High	Low	Current	Change %
Nifty 50	24,171.00	24,356.50	23,997.90	24,330.95	+1.24%
Sensex	77,424.36	78,022.78	76,773.25	77,958.52	+1.22%
India VIX	17.91	18.08	16.58	16.68	-6.87%
Nifty PSU Bank	8,574.00	8,700.55	8,461.90	8,679.15	+2.84%
Bank Nifty	55,113.40	56,078.80	54,587.20	55,981.05	+2.63%
Nifty Realty	806.15	823.40	802.05	822.30	+2.63%
Nifty Auto	26,502.15	26,871.90	26,278.95	26,823.00	+2.41%
Nifty Pharma	23,743.20	24,264.85	23,640.75	24,110.30	+2.30%
Nifty Midcap 50	17,201.85	17,395.15	17,168.00	17,372.95	+2.21%
Nifty Midcap 100	60,925.95	61,389.15	60,759.70	61,326.70	+1.76%
Nifty 500	22,978.95	23,150.90	22,849.95	23,133.40	+1.43%
Nifty Media	1,459.15	1,473.55	1,444.50	1,469.05	+1.36%
Nifty 100	25,148.80	25,332.25	24,973.20	25,312.60	+1.29%
Nifty Metal	13,131.60	13,195.95	13,019.25	13,129.55	+1.08%
Nifty IT	29,435.50	29,646.05	29,123.80	29,267.95	+0.55%
Nifty Energy	41,187.25	41,219.10	40,652.85	40,806.65	-0.45%
Nifty FMCG	51,898.85	51,947.35	51,194.70	51,460.55	-0.26%

Market outlook

As the market closes on a high note, investors will be keenly watching for further developments in global markets and commodity prices, which have been influential in today’s trading. The performance of banking and auto sectors will remain in focus, given their significant contributions to today’s gains. With positive momentum carrying through the session, the outlook remains cautiously optimistic, pending further global economic cues.

Data as on May 6, 2026, 03:35 PM IST.

Radico Khaitan approves Rs 9 per share dividend for FY26

Arunika Jain — Wed, 06 May 2026 09:56:15 +0000

Radico Khaitan Limited has announced a final dividend of 450%, translating to ₹9 per equity share of ₹2 each for the financial year 2025-26. This decision, made during the company’s board meeting on 6 May 2026, is subject to shareholder approval at the upcoming 42nd Annual General Meeting (AGM).

The board meeting, which took place from 1:15 PM to 2:15 PM, also saw the approval of the audited standalone and consolidated financial results for the quarter and year ended 31 March 2026. The financial results, audited by Walker Chandiok & Co. LLP, received an unmodified opinion from the statutory auditors.

In addition to the dividend declaration, the board has decided to reappoint Walker Chandiok & Co. LLP as the statutory auditors for a second term of five consecutive years, pending shareholder approval at the AGM. The auditors’ tenure will extend from the conclusion of the 42nd AGM to the end of the 47th AGM.

The company has scheduled its 42nd AGM for 7 August 2026, at 12:30 PM, to be held at its registered office. The notice for the AGM and the annual report will be distributed in due course.

Furthermore, the record date for determining the eligibility of shareholders for the dividend has been set for 24 July 2026. The register of members will remain closed from 25 July 2026 to 7 August 2026, both days inclusive.

Radico Khaitan also confirmed that it does not meet the criteria for classification as a ‘Large Corporate’ under SEBI’s relevant circulars.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Polycab extends tenure of CFO Niyant Maru until April 2027

Arunika Jain — Wed, 06 May 2026 09:25:33 +0000

Polycab India has announced the extension of the tenure of its Chief Financial Officer, Mr. Niyant Maru, until April 16, 2027. The decision was made during a board meeting held on May 6, 2026, following recommendations from the Nomination and Remuneration Committee and the Audit Committee.

Mr. Maru, who serves as the Whole-Time Key Managerial Personnel, will see his tenure extended from the previously set date of July 17, 2026. The extension reflects the company’s confidence in his leadership and financial stewardship.

This decision is in continuation of an earlier intimation dated October 17, 2025, and aligns with the company’s strategic goals. The details of this extension have been made available on Polycab‘s official website.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Nucleus Software faces Rs 28.33 lakh tax demand for AY 2023-24

Arunika Jain — Wed, 06 May 2026 09:25:20 +0000

Nucleus Software Exports has been issued a tax demand of ₹28,33,460 for the Assessment Year 2023-24 by the Income Tax Department, Delhi. The demand arises from adjustments made to the transfer pricing margins concerning certain intercompany transactions.

The order, passed by the assessing officer, also includes the initiation of penalty proceedings. Nucleus Software has stated that it believes the order is not maintainable and is in the process of appealing against it. The company has assured that this order will not materially impact its financials, operations, or other activities.

The company received the order on 6 May 2026. It is currently reviewing the order and plans to respond appropriately, including filing an appeal and addressing the penalty proceedings.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Polycab India reports strong financial performance for fiscal year ending March 2026

Arunika Jain — Wed, 06 May 2026 09:18:40 +0000

Polycab India has released its corporate presentation detailing the audited financial results for the quarter and year ending March 31, 2026. The company, a leading manufacturer in the wires and cables sector, has demonstrated robust financial growth, maintaining its position as a market leader with a 30-31% share of the organised market.

The presentation highlights Polycab’s expansive network, which includes over 3,900 dealers and distributors and more than 190,000 retail outlets across India. This extensive reach supports the company’s well-established Fast Moving Electrical Goods (FMEG) business, which has achieved a compound annual growth rate (CAGR) of 25% over the past decade.

Polycab’s manufacturing capabilities are underscored by its 26 facilities spread across eight locations, showcasing strong backward integration. The company has also reported a seven-year CAGR of 20% in revenue, 23% in EBITDA, and 27% in profit after tax (PAT), excluding other income.

The company’s journey, as outlined in the presentation, includes significant milestones such as its initial public offering (IPO) in 2019, which was oversubscribed by 52 times, and the establishment of joint ventures and new manufacturing facilities.

Polycab continues to focus on innovation and sustainability, having formulated an ESG framework and launched a new brand identity, “Ideas. Connected.” The company is also working on Project Spring, a five-year transformation initiative aimed at further enhancing its market position and operational efficiency.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

EMS secures Rs 648.49 crore contract for sewer network in Varanasi

Arunika Jain — Wed, 06 May 2026 07:56:34 +0000

EMS Limited has been awarded a significant contract by UP Jal Nigam (Urban) for the development of a sewer network in Varanasi. The project, valued at approximately ₹648.49 crore, involves laying sewer networks and house connections in 18 problematic wards, including Hukulganj and Naibasti.

The contract encompasses a comprehensive scope of work, including surveying, soil investigation, design, and supply of all necessary materials and labour. The project is to be executed on a turnkey basis, ensuring the completion of essential infrastructure such as the laying and jointing of sewer networks, providing sewer house connections, and constructing a 23 MLD sewage pumping station.

The project is expected to be completed within an 18-month timeframe. EMS Limited, which was previously known as EMS Infracon Pvt Ltd, has confirmed that the contract is a domestic one and does not involve any related party transactions. Additionally, there is no interest from the promoter or promoter group in the awarding entity, UP Jal Nigam (Urban).

This award follows EMS Limited’s earlier announcement on April 17, 2026, where it was identified as the lowest bidder for this tender. The company has expressed its commitment to delivering the project efficiently and effectively, contributing to the improvement of Varanasi’s urban infrastructure.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Bank of Baroda receives appointment to sponsor pension fund

Arunika Jain — Wed, 06 May 2026 07:39:31 +0000

Bank of Baroda has been appointed by the Pension Fund Regulatory and Development Authority (PFRDA) to act as a sponsor for a pension fund, as per the PFRDA (Registration of Pension Funds) Guidelines, 2026. The bank plans to establish a Pension Fund Management Company, subject to obtaining necessary regulatory approvals.

This move marks a significant step for Bank of Baroda as it expands its role in the pension fund sector. The appointment is part of the bank’s strategy to diversify its financial services and enhance its offerings in the pension management domain.

The bank has committed to providing further updates on the development as material progress is made. This disclosure is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates timely updates on significant corporate developments.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

MphasiS faces Rs 1,941,007 penalty from Bengaluru tax authority

Arunika Jain — Wed, 06 May 2026 07:37:19 +0000

MphasiS has been hit with a penalty of Rs 1,941,007 by the Joint Commissioner of Commercial Taxes (Appeals-5) in Koramangala, Bengaluru. The penalty was imposed under Section 73(9) of the Karnataka Goods and Services Tax Act, 2017.

The order, received on 5th May 2026, cites violations including the late reversal of input tax credit under Rule 42 of the Central Goods and Services Tax Act, 2017. Additionally, MphasiS was found non-compliant in submitting the special economic zone endorsement and determining the place of supply for export transactions.

Despite the penalty, MphasiS has stated that there will be no impact on its financial, operational, or other activities. The company has assured that the penalty does not affect its business operations or financial standing.

This information has been disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is available on the company’s website.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ceigall India receives completion certificate for Rs 881 crore expressway project

Arunika Jain — Wed, 06 May 2026 05:55:44 +0000

Ceigall India has announced the receipt of a Completion Certificate for its significant infrastructure project, the Delhi-Amritsar-Katra Expressway. This certificate, issued by the Authority’s Engineer on 5th May 2026, verifies the completion of all works forming part of the project highway, with the exception of a de-linking part of the work. The project covers a stretch of 35.15 kilometres and was completed on 26th February 2026.

The Delhi-Amritsar-Katra Expressway project, which was constructed under the Bharatmala Pariyojna initiative, involved the construction of a four-lane greenfield expressway. The expressway extends from the junction with Patiala-Bathinda Road (NH-07) near Bhawanigarh to the junction with Ludhiana-Malerkotla Road (SH-11) near Bhogiwal village, covering the distance from kilometre 188+830 to kilometre 225+770.

The project was executed on an Engineering, Procurement, and Construction (EPC) model, with a bid project cost of ₹881 crore. The project was initially awarded on 20th July 2021, with an estimated completion date set for 1st October 2025. However, the actual completion date was 26th February 2026, following an authorised extension period.

Ceigall India Limited has requested the National Stock Exchange of India to take this information on record, marking a significant milestone in the company’s infrastructure development efforts.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Commodities market closing: gold at ₹149,838.00 gains 0.33%, silver at ₹244,420.00 gains 0.22%, crude oil at ₹9,720.00 falls 3.35%

Arunika Jain — Tue, 05 May 2026 18:05:21 +0000

In the commodities market today, gold prices rose to ₹149,838.00, marking a 0.33% increase from the opening level, as the metal navigated through a volatile session. Silver also saw a modest gain, closing at ₹244,420.00, up by 0.22% from its opening price. The energy sector, however, experienced a downturn with crude oil prices falling sharply by 3.35% to ₹9,720.00, reflecting significant market pressures.

Precious metals

Gold experienced a dynamic trading session, reaching a high of ₹150,440.00 and a low of ₹149,228.00 before settling at ₹149,838.00. The trajectory showed fluctuations throughout the day, with notable peaks and troughs. Silver followed a similar pattern, closing at ₹244,420.00 after hitting a high of ₹251,231.00 and a low of ₹241,113.00. The gold mini contract also mirrored these movements, closing at ₹149,759.00, up 0.29% from its opening.

Energy commodities

Crude oil faced a challenging day, dropping to ₹9,720.00 from an opening of ₹9,960.00. The commodity reached a high of ₹10,066.00 but was unable to maintain its momentum. Natural gas also saw a decline, closing at ₹266.90, down 2.77% from its opening level of ₹272.00, with a trading range between ₹273.90 and ₹265.00.

Base metals

In the base metals segment, copper prices increased to ₹1,287.90, a rise of 0.87% from the opening. Aluminium showed a similar trend, closing at ₹374.40, up 0.92%. Zinc was the standout performer in this category, gaining 0.99% to close at ₹345.85, after reaching a high of ₹346.40.

Commodity	Open	High	Low	Current	Change %
Gold	149,749.00	150,440.00	149,228.00	149,838.00	0.33%
Silver	250,699.00	251,231.00	241,113.00	244,420.00	0.22%
Crude Oil	9,960.00	10,066.00	9,642.00	9,720.00	-3.35%
Natural Gas	272.00	273.90	265.00	266.90	-2.77%
Zinc	343.05	346.40	341.40	345.85	0.99%
Aluminium	368.65	375.25	368.20	374.40	0.92%
Copper	1,275.05	1,290.00	1,275.05	1,287.90	0.87%
Gold Mini	149,563.00	150,400.00	149,220.00	149,759.00	0.29%

Outlook

As the market continues to react to various economic indicators, traders will be closely monitoring the movements in the US dollar, which can significantly impact the prices of gold and silver. Energy commodities remain under pressure, and any shifts in global supply or demand could further influence prices. Base metals are showing resilience, and their performance will be watched for signs of industrial demand recovery.

Data as on May 5, 2026, 11:35 PM IST.

Chalet Hotels completes acquisition of Seasons Hotels

Arunika Jain — Tue, 05 May 2026 14:31:26 +0000

Chalet Hotels has successfully completed the acquisition of 100% equity share capital of Seasons Hotels Private Limited, making it a wholly-owned subsidiary. This development was finalised on 5 May 2026, following previous announcements made on 11 December 2025, 24 April 2026, and 25 April 2026.

The acquisition aligns with the provisions outlined in Regulations 30 and 51, as well as Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Chalet Hotels had previously submitted detailed information regarding the acquisition in a letter dated 24 April 2026, in compliance with the SEBI Master Circular for compliance with provisions of Listing Regulations dated 30 January 2026.

This strategic move by Chalet Hotels is expected to bolster its portfolio and enhance its market position within the hospitality sector. The acquisition of Seasons Hotels Private Limited is a significant step in the company’s expansion strategy.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).