Stock Market | Business Upturn

Iulia Vantur shares a heartfelt Mother’s Day post with special moments featuring Salman Khan’s family

Sneha Sharma — Mon, 11 May 2026 06:14:52 +0000

Iulia Vantur marked Mother’s Day with an emotional Instagram post featuring Salman Khan’s family, showcasing her deep bond with them. The Romanian singer and TV host shared a carousel of heartfelt photos, including one with Salim Khan, Salma Khan, herself, and her parents; another hugging her own mother; and a selfie with Salma and Helen. Her caption read: “I m so grateful and lucky to be blessed with their love, with their warm, loving and protective hand holding mine, no matter what. I love u… Happy mother’s day to all the amazing women who’ve been there for mine like a mother does. Happy mother’s day to u Woman!”

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Fans flooded comments with hearts, praising the warmth: “Family goals!” This comes amid ongoing Salman-Iulia dating rumors since 2013 Ganpati sightings.

Salman’s Heartfelt Tribute

Salman echoed the sentiment, posting three nostalgic throwbacks on Instagram: a young him on Salma’s lap in black-and-white, another beside Helen in a checkered shirt, and family moments. Captioned simply “Happy Mother’s Day,” it garnered millions of likes, with fans noting: “Emotional overload!”

Helen, Salman’s stepmother since 1980, and Salma represent dual maternal influences, often celebrated by the Khans.

Bollywood Family Vibes

Mother’s Day 2026 saw stars like Bobby Deol, Alia Bhatt (with Soni Razdan), and Esha Deol sharing tributes. Celina Jaitly opened up on custody battles, adding depth. Iulia’s inclusion signals acceptance—past posts featured Salma’s birthday and Women’s Day hugs, where she called herself a “blessed daughter” learning “courage, kindness” from them.

Professionally, Salman shoots actioner with Nayanthara and awaits delayed war drama Matrubhumi. Iulia eyes Bollywood singing amid TV hosting.

This post reinforces Iulia’s Khan family integration, quashing outsider tags. As Salman stays single at 60, her presence fuels wedding whispers, but both prioritize privacy.

Heartwarming glimpses humanize Being Human’s boss, celebrating unsung heroes behind stardom.

Supreme Court to examine IEX plea on market coupling; refuses interim relief against implementation

Aditya Bhagchandani — Mon, 11 May 2026 05:48:18 +0000

The Supreme Court of India has agreed to examine a plea filed by the Indian Energy Exchange (IEX) challenging the market coupling mechanism being pushed by the Central Electricity Regulatory Commission, while declining to pass any interim order halting its implementation. The development marks a significant escalation of the market coupling dispute to the country’s highest court.

What is market coupling and why does IEX oppose it?

Market coupling is a mechanism under which bids from all power exchanges are aggregated and matched to determine a single uniform market-clearing price, with the objective of ensuring price discovery through a centralized process rather than through separate exchanges operating independently.

IEX currently holds approximately 85-90% of India’s short-term power trading market share. This dominance is built on its liquidity advantage — the deepest pool of buyers and sellers in the market. Under market coupling, bids from all exchanges are pooled simultaneously, so price discovery happens across platforms at once. The result: it no longer matters which exchange you trade on. IEX’s liquidity advantage disappears.

The full timeline of the dispute

The dispute began when CERC issued directions on July 23, 2025, for the phased implementation of market coupling in the Day-Ahead Market. This resulted in a massive 30% plunge in IEX share price in a single trading session, reflecting market apprehensions over the business impact.

IEX challenged the CERC’s move, arguing that the directions were anti-competitive in nature and aimed at redistributing its market share to rival exchanges. APTEL asked IEX to file a revised plea including new respondents such as Grid Corporation of India, Power Exchange India, and Hindustan Power Exchange.

At a January 6, 2026 APTEL hearing, the tribunal questioned the rationale and timing of market coupling, raising critical red flags including lack of empirical evidence showing market failure under the current system, absence of a cost-benefit analysis, concerns over implementation without adequate stakeholder consensus, and questions around whether coupling truly benefits end consumers. IEX stock rallied sharply following those observations.

However, in its judgment dated February 13, 2026, APTEL disposed of IEX’s appeal. The Tribunal observed that market coupling cannot be implemented unless and until CERC notifies specific regulations to operationalize the mechanism — and as of that date, even draft regulations had not been issued. Critically, APTEL clarified that once formal regulations are notified, IEX would have the liberty to challenge both the new regulations and the earlier directions before an appropriate legal forum.

Following the APTEL disposal, the regulatory overhang shifted from an immediate threat to a slower, regulation-led overhang hanging over every quarter. IEX subsequently approached the Supreme Court — which has now agreed to examine the plea while refusing to grant interim relief against market coupling.

What does today’s Supreme Court development mean?

The Supreme Court’s decision to examine the plea keeps IEX’s legal challenge alive at the highest judicial level, which is significant. However, the refusal to pass an interim order against market coupling means CERC can continue its regulatory process of framing formal market coupling regulations without a court-imposed pause.

The risk for IEX has not gone away — it has shifted from an immediate threat to a slower, regulation-led overhang. Analysts project that market coupling could reduce IEX’s market share from its current dominant position to as low as 33% over time as competitors like Hindustan Power Exchange and Power Exchange India gain ground on a level playing field.

The matter will now be heard by the Supreme Court on a date to be fixed.

This is a developing legal story. Business Upturn will update coverage as the Supreme Court proceedings progress.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to consult a registered financial advisor before making any investment decisions. Business Upturn does not hold any position in the securities mentioned.

Here’s why IEX stock rallied sharply in trade today

Markets Desk — Mon, 11 May 2026 05:46:22 +0000

Shares of Indian Energy Exchange (IEX) witnessed sharp intraday volatility on Monday after developments related to the market coupling case came into focus.

The stock rose as much as 2.4% during the session to hit an intraday high of ₹137.34 on the NSE, compared to the previous close of ₹134.12. However, the gains later fizzled out, with the stock turning flat in trade and quoting around ₹133.90 later in the session.

The move came after reports emerged that the Supreme Court issued a notice to the Central Electricity Regulatory Commission (CERC) on IEX’s plea challenging the market coupling order.

According to Informist, the Supreme Court said it would examine IEX’s plea against the market coupling framework but did not pass any interim order on the matter.

The development is being closely tracked by market participants as market coupling is considered a significant structural issue for power exchanges in India.

Market coupling refers to a mechanism where electricity buy and sell bids across multiple exchanges are aggregated to determine a uniform market clearing price. Investors have been concerned that such a move could impact IEX’s dominant market position in the power trading segment.

IEX is currently the country’s largest electricity exchange platform and commands a major share in the day-ahead power market. Any regulatory changes around market coupling are therefore viewed as material for the company’s business outlook and pricing power.

Despite the initial rally following the court development, traders later booked profits, leading the stock to erase most of its gains by late morning trade.

The stock has remained under pressure over the past year amid concerns around regulatory uncertainty and increasing competition in the power exchange ecosystem.

IT stocks today, May 11: Infosys down 0.09%, Tata Consultancy Services slips 0.29%, Wipro gains 0.28%, HCL Technologies rises 1.27%

Gauri Tyagi — Mon, 11 May 2026 05:10:11 +0000

IT stocks traded mixed in Monday’s session, with buying seen in select heavyweight technology counters during early trade.

As of 10:11 AM, Infosys shares were trading at ₹1,179.20, while Tata Consultancy Services slipped 0.29% to ₹2,394.40. Wipro was trading 0.28% higher at ₹197.91, whereas Tech Mahindra gained 1.02% to ₹1,463.

Among gainers, HCL Technologies rose 1.27% to ₹1,198.40 during the morning session. Persistent Systems also traded higher by 2.60% at ₹5,113.60.

Meanwhile, Mphasis advanced 0.96% to ₹2,214.20.

The Nifty IT index was trading at 29,394.20, up 1.21% during early trade.

MCX’s market cap gains Rs 2,010 crore today as shares surge over 2% after Q4 FY26 profit jumps 291%

Aditya Bhagchandani — Mon, 11 May 2026 05:06:53 +0000

Shares of Multi Commodity Exchange of India surged over 2% on Monday, May 11, after the company reported a sharp rise in Q4 FY26 profit and revenue. The stock was trading at Rs 3,176.70, up 2.55% or Rs 78.90 in the session.

Based on the current market capitalization of Rs 80,844 crore and the stock’s 2.55% rise, MCX’s market cap gained approximately Rs 2,010 crore today. The company’s previous close stood at Rs 3,097.80, while the stock moved in a day range of Rs 3,042.50 to Rs 3,215.40.

MCX Q4 FY26 results

Multi Commodity Exchange of India reported a 291% year-on-year rise in consolidated net profit for Q4 FY26 to Rs 530 crore, compared with Rs 135 crore in the corresponding quarter last year.

Revenue for the quarter surged 205% year-on-year to Rs 889 crore from Rs 290 crore a year earlier. The company also reported a sharp rise in EBITDA at Rs 667 crore, compared with Rs 160 crore in the corresponding period last year.

EBITDA margin expanded to 74.80% in Q4 FY26 from 55% in the year-ago quarter, reflecting stronger operating performance during the quarter.

MCX dividend details

The company recommended a final dividend of Rs 8 per equity share of face value Rs 2 each for the financial year ended March 31, 2026. The dividend proposal is subject to shareholder approval at the company’s 24th Annual General Meeting.

MCX stock details

MCX shares were trading at Rs 3,176.70 on NSE, up 2.55% in Monday’s session. The company’s market capitalization stood at Rs 80,844 crore. The stock has a 52-week range of Rs 1,155.70 to Rs 3,215.40.

The stock’s average volume stood at 25.9 lakh shares, while the price-to-earnings ratio was 159.45. The dividend yield stood at 0.19%.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Oberoi Realty’s market cap falls Rs 1,319 crore today as shares decline over 2% after Q4 FY26 results

Aditya Bhagchandani — Mon, 11 May 2026 04:48:44 +0000

Shares of Oberoi Realty declined over 2% on Monday, May 11, even after the company reported a strong set of Q4 FY26 numbers, with consolidated net profit rising 62% year-on-year to Rs 703.3 crore. The stock was trading at Rs 1,666.70, down 2.13% or Rs 36.30 in the session.

Based on the current market capitalization of Rs 60,576 crore and the stock’s 2.13% decline, Oberoi Realty’s market cap fell by approximately Rs 1,319 crore today. The company’s previous close stood at Rs 1,703.00, while the stock moved in a day range of Rs 1,661.00 to Rs 1,712.80.

Oberoi Realty Q4 FY26 results

Oberoi Realty reported a 62% year-on-year rise in consolidated net profit to Rs 703.3 crore in Q4 FY26, compared with Rs 433.2 crore in the corresponding quarter last year. The growth was driven by strong real estate revenue and improved operational performance.

Revenue from operations rose to Rs 1,749.8 crore during the quarter, against Rs 1,150.1 crore a year earlier and Rs 1,492.6 crore in Q3 FY26. Total income for the quarter stood at Rs 1,823.7 crore, up from Rs 1,213.3 crore in Q4 FY25.

Profit before tax increased to Rs 962.9 crore from Rs 577.1 crore a year ago. Total expenses rose to Rs 849.8 crore against Rs 636.4 crore in the year-ago period, mainly due to higher land, development and construction-related costs.

Finance costs declined sequentially to Rs 27.1 crore from Rs 67.4 crore in Q3 FY26, aiding profitability. Operating margin improved to 54.9% during the quarter from 53.7% a year earlier.

Sequentially, net profit grew 13% from Rs 622.6 crore reported in Q3 FY26, while revenue advanced 17% quarter-on-quarter. Earnings per share stood at Rs 19.34 in Q4 FY26, compared with Rs 17.12 in the previous quarter and Rs 11.91 in Q4 FY25.

The board declared a fourth interim dividend of Rs 2 per equity share for FY26.

Oberoi Realty stock details

Oberoi Realty’s stock was trading at Rs 1,666.70 on NSE, down 2.13% in Monday’s session. The company’s market capitalization stood at Rs 60,576 crore. The stock has a 52-week range of Rs 1,391.20 to Rs 2,005.00. Its average volume stood at 5.42 lakh shares, while the price-to-earnings ratio was 26.86 and dividend yield stood at 0.48%.

For the full financial year FY26, Oberoi Realty posted consolidated revenue from operations of Rs 6,009.1 crore against Rs 5,286.3 crore in FY25. Net profit rose to Rs 2,507.4 crore from Rs 2,225.5 crore in the previous year. Total income for the year stood at Rs 6,304.3 crore.

The real estate segment remained the key contributor, generating Rs 5,811.1 crore in revenue during FY26, while hospitality revenue stood at Rs 197.9 crore. The company’s net worth increased to Rs 17,921.6 crore as of March 31, 2026.

E2E Networks shares jump 5% as Q4 revenue surges 186% to ₹95.64 crore on AI infrastructure boom

Aditya Bhagchandani — Mon, 11 May 2026 04:37:54 +0000

Shares of E2E Networks Limited surged 5% or ₹171.70 to ₹3,606.20 on the NSE on May 11, hitting the day’s upper range, as the cloud infrastructure company reported its highest-ever quarterly revenue driven by surging demand for GPU computing capacity from enterprise AI and machine learning workloads.

The stock opened sharply higher from its previous close of ₹3,434.50, with the intraday range spanning ₹3,306.50 to ₹3,606.20. At current levels, E2E Networks is trading well above its 52-week low of ₹1,833.60 and approaching the upper end of its year range, with a 52-week high of ₹3,894.70. Market capitalisation stands at approximately ₹7,413 crore. The stock carries no P/E ratio and pays no dividend. Average daily volume is around 61,830 shares.

What did E2E Networks report in Q4 FY26?

Revenue for Q4 FY26 surged 185.66% year-on-year to ₹95.64 crore from ₹33.48 crore in Q4 FY25 — the highest quarterly sales in the company’s history. On a sequential basis, revenue grew 36.59% from ₹70.02 crore in Q3 FY26, reflecting accelerating demand momentum. Net profit for the quarter came in at ₹6.44 crore, a return to profitability after three consecutive loss-making quarters — Q1 FY26 loss of ₹2.84 crore, Q2 FY26 loss of ₹13.46 crore, and Q3 FY26 loss of ₹5.70 crore.

Operating margin excluding other income improved to 60.75% from 56.61% in Q3 FY26, with operating profit standing at ₹58.10 crore. However, the PAT margin of 6.73% is a sharp contraction from 40.65% in Q4 FY25 — the gap between robust operating margins and thin net margins is entirely explained by one line item.

The depreciation problem: AI infrastructure at a cost

The central challenge in E2E Networks’ financial story is depreciation. As the company has aggressively built out GPU infrastructure to capture India’s enterprise AI boom, depreciation charges have ballooned to ₹51.35 crore in Q4 FY26 — representing approximately 54% of quarterly revenue and rising 170.35% year-on-year. This single cost item is effectively absorbing the entire gap between E2E’s healthy operating profitability and its wafer-thin net margins.

The trajectory is stark: in Q4 FY25, when revenue was ₹33.48 crore and net profit was ₹13.61 crore, depreciation was a fraction of current levels. As GPU assets have been capitalised and added to the balance sheet through FY26, the depreciation charge has compounded sharply, dragging the bottom line even as revenues have tripled.

What does the full FY26 picture look like?

The profitability trajectory through FY26 has been volatile. After consistent profitability in every quarter of FY25 — ₹12.15 crore in Q2, ₹11.59 crore in Q3, ₹13.61 crore in Q4 — E2E stumbled into losses across Q1, Q2, and Q3 of FY26, accumulating total losses of ₹22 crore over those three quarters. The Q4 FY26 return to profit at ₹6.44 crore only partially offsets those losses, leaving full-year profitability minimal despite the exceptional top-line growth.

The key question for investors is whether the depreciation curve has peaked. If E2E has completed the bulk of its GPU infrastructure build-out, incremental depreciation additions should moderate as revenue continues to grow — potentially creating meaningful operating leverage that flows through to net profit. If, however, further capital expenditure rounds are required to keep pace with AI compute demand, the depreciation burden will continue to grow alongside revenues, keeping net margins thin.

Modi’s no-gold appeal wipes thousands of crores off jewellery stocks; Skygold, Senco crash over 10%

Aditya Bhagchandani — Mon, 11 May 2026 04:32:04 +0000

Prime Minister Narendra Modi’s appeal on May 10 asking Indians to avoid buying gold for weddings for one year sent shockwaves through India’s listed jewellery sector on May 11, with stocks across the segment falling sharply as investors priced in near-term demand uncertainty. The sell-off was broad-based, hitting large-cap names like Titan as well as mid and small-cap jewellery plays, wiping out thousands of crores in market capitalisation in a single session.

Jewellery stocks impact tracker — May 11, 2026

Company	NSE Symbol	Change
Skygold	SKYGOLD	🔻 10.76%
Senco Gold	SENCO	🔻 10.69%
Titan Company	TITAN	🔻 6.66%
PNG Jewellers	PNGJL	🔻 6.66%
MVG Jewellers	MVGJL	🔻 6.60%
Shrangarhouse	SHRNGHOUSE	🔻 6.41%
RBZ Jewellers	RBZJEWEL	🔻 6.51%
TBZ	TBZ	🔻 6.11%
Radhika Jewels	RADHIKAJWE	🔻 6.11%
Thangamayil	THANGAMAYL	🔻 5.82%
Bluestone	BLUESTONE	🔻 5.70%
Goldiam International	GOLDIAM	🔻 5.64%
DP Abhushan	DPABHUSHAN	🔻 5.39%
PC Jeweller	PCJEWELLER	🔻 5.26%
Grov Jewels	GROVJWL	🔻 4.92%
Kalyan Jewellers	KALYANKJIL	🔻 7.23%
KDL	KDL	🔺 9.03%
Orosmiths	OROSMITHS	🔺 2.94%
Divine Hira	DIVINEHIRA	🔺 5.00%
Panth	PANTH	🔺 5.00%

What triggered the sell-off?

Speaking at a public gathering in Secunderabad on May 10, PM Modi made an extraordinary appeal to Indian citizens to avoid purchasing gold for weddings and ceremonies for at least one year, linking the request to India’s foreign exchange pressures amid the ongoing Middle East war and a crude oil price surge to $126 per barrel. Gold is India’s second largest import after crude oil, with the annual import bill running at approximately USD 50-55 billion in FY26.

The market’s reaction was immediate and severe. Jewellery stocks are the most direct equity market expression of domestic gold demand, and the PM’s appeal — even without any accompanying policy action such as an import duty hike — created sufficient uncertainty about the wedding season demand outlook to trigger broad-based selling.

Who fell hardest and why?

Skygold and Senco Gold bore the brunt of the sell-off with declines exceeding 10%, reflecting their relatively higher exposure to domestic retail wedding jewellery demand and smaller liquidity pools that amplify price moves. Titan Company, India’s largest listed jewellery retailer through its Tanishq brand, fell 6.66% despite being better diversified across watches, eyewear, and international markets — underscoring how the market treated the sector as a whole rather than distinguishing between business models.

A handful of names — KDL, Orosmiths, Divine Hira, and Panth — bucked the trend and gained, though the reasons for their counter-trend performance were not immediately clear and may reflect company-specific factors or short covering.

Is the fear justified?

As covered in our earlier explainer, PM Modi’s appeal is voluntary with no legal enforcement mechanism. India’s gold demand — particularly wedding-driven purchases — is culturally deeply embedded and historically tends to be deferred rather than permanently cancelled. The more substantive risk that markets are pricing in is whether the appeal will be followed by hard policy action, specifically a gold import duty hike, which has historically caused sharp and immediate demand destruction as seen in 2013.

Until policy clarity emerges, jewellery stocks are likely to remain under sentiment-driven pressure, with investors unwilling to step in ahead of potential regulatory action.

RateGain Travel Technologies shares slip nearly 3% after CFO Rohan Mittal resigns

Gauri Tyagi — Mon, 11 May 2026 04:28:03 +0000

Shares of RateGain Travel Technologies declined nearly 3% in Monday’s trade after the company announced the resignation of its Chief Financial Officer (CFO) Rohan Mittal.

As of 9:45 AM, RateGain shares were trading at 617.45, down 2.73% on the NSE. The stock opened at ₹633.50 and touched an intraday low of ₹616.20.

According to the company’s exchange filing, Rohan Mittal resigned from the position of CFO due to personal reasons and family commitments. His resignation became effective from the close of business hours on May 8, 2026.

The company said Mittal will continue in a non-CFO role until August 5, 2026.

The board also approved the appointment of Ankit Aggarwal as Inte with effect from May 9, 2026

FINO Payments Bank shares fall 3.33% on May 11 after Q4 PAT crashes 70% year-on-year

Aditya Bhagchandani — Mon, 11 May 2026 04:21:51 +0000

Shares of FINO Payments Bank Limited fell 3.33% or ₹4.41 to ₹128 on the NSE on May 11, sliding steadily from the opening bell with the intraday low touching ₹127.80. The previous close stood at ₹132.41. At current levels, the stock is trading near the lower end of its 52-week range of ₹110.03 to ₹339 — down approximately 62% from its 52-week high — with market capitalisation at approximately ₹1,068 crore. The trailing P/E ratio is 20.40 and the stock pays no dividend.

Why is FINO Payments Bank stock falling?

The sell-off follows a combination of a sharp quarterly earnings decline and a business performance update for April 2026 that revealed significant deterioration in core transaction metrics.

FINO Payments Bank’s profit after tax for Q4 FY26 dropped 70% year-on-year to just ₹7.1 crore — a dramatic collapse in profitability that the market has reacted to with sustained selling pressure. The steep fall reflects the structural shift the bank is navigating as it attempts to pivot from a transaction-led payments model toward a deposit and lending-driven small finance bank framework.

What did the April business update show?

The April 2026 business performance update, released after market hours on May 8, painted a mixed picture. On the positive side, average total deposits grew 13% year-on-year to ₹2,801 crore. New account openings rose 9% to 2.3 lakh. Renewal income, a proxy for customer stickiness and retention, grew 9% to ₹19.3 crore. The loan referral business showed strong momentum, with disbursals rising to approximately ₹166 crore — more than threefold growth compared to April 2025.

However, the legacy transaction business is contracting sharply. Transaction business throughput — encompassing remittances, micro-ATM, and AePS — fell 47% year-on-year to ₹2,649 crore. The bank attributed this to the broader ecosystem shift from cash to UPI and its deliberate pivot toward higher-quality merchants. Even more stark was the B2B UPI person-to-merchant throughput, which dropped 96% to ₹101 crore, as the bank said it is deliberately slowing this segment to rebuild it on a more risk-calibrated and sustainable basis.

What is the strategic picture?

FINO is in an awkward transitional phase — its traditional cash-handling and remittance business is structurally declining due to India’s rapid UPI adoption, while its deposit franchise and loan referral business are growing but not yet large enough to replace the lost transaction revenues. The bank is positioning itself for an eventual upgrade to a Small Finance Bank licence, which would allow it to lend directly rather than merely refer loans, unlocking a materially higher-margin business model.

The bank noted that CASA’s growing share of its revenue base positions it for meaningfully better margins in FY27 compared to FY26. But until the SFB transition materialises and lending revenues scale, the earnings trajectory remains under pressure — as the 70% Q4 PAT decline starkly illustrates.

Gravita India shares rise 2.55% as Q4 EBITDA jumps 22%; copper recycling plant and RMIL acquisition unveiled

Aditya Bhagchandani — Mon, 11 May 2026 04:20:45 +0000

Shares of Gravita India Limited rose 2.55% or ₹45 to ₹1,808 on the NSE on May 11, touching an intraday high of ₹1,819.50, as investors responded positively to a strong operational performance in Q4 FY26 accompanied by significant strategic announcements including a new copper recycling facility and a major acquisition completed during the year.

The stock opened above its previous close of ₹1,763 and maintained gains through early trade. At ₹1,808, Gravita India is trading in the upper half of its 52-week range of ₹1,266.90 to ₹2,170, with market capitalisation at approximately ₹13,197 crore. The trailing P/E ratio is 34.85 with a dividend yield of 0.35%. Average daily volume is around 3.11 lakh shares.

What did Gravita India report in Q4 FY26?

Revenue for Q4 FY26 rose 13.1% year-on-year to ₹1,173 crore from ₹1,037 crore in Q4 FY25. EBITDA grew 22% to ₹113 crore from ₹92 crore, with EBITDA margin expanding to 9.6% from 8.9% in the year-ago quarter — a healthy 70 basis point improvement reflecting stronger operating leverage in Gravita’s lead and aluminium recycling operations.

Net profit, however, declined 3.4% year-on-year to ₹92 crore from ₹95 crore in Q4 FY25, suggesting higher depreciation, interest, or tax costs at the bottom line despite the improved EBITDA performance — likely related to the debt and amortisation costs associated with the RMIL acquisition completed during the year.

What are the key strategic developments?

Gravita India announced the setting up of a copper recycling plant at Mandvi in Gujarat with an estimated capital expenditure of ₹160 crore. The company said the project is aimed at strategic diversification of business operations, optimal utilisation and monetisation of existing land assets, and long-term shareholder value creation. The copper recycling addition marks a meaningful expansion of Gravita’s multi-metal recycling platform, which currently encompasses lead, aluminium, and plastic waste processing.

The company also disclosed the acquisition of a 98.95% equity stake in Rashtriya Metal Industries Limited (RMIL) during FY26, for an aggregate consideration of ₹559.08 crore under a share purchase agreement executed on March 12, 2026. RMIL manufactures copper and copper alloy products and operates an integrated manufacturing facility at Sarigam in Gujarat. RMIL became a subsidiary of Gravita India with effect from March 12, 2026, with purchase price allocation, fair value adjustments, and goodwill recognition reflected in the consolidated financial statements.

Separately, the company announced the closure of its subsidiary Recycling Infotech LLP, a routine rationalisation of the group structure.

Why does the copper pivot matter?

The RMIL acquisition and the new Mandvi copper recycling plant together represent Gravita’s deliberate push into copper — India’s third most consumed metal after steel and aluminium and a critical material for electric vehicles, power infrastructure, and renewable energy. Copper recycling is a significantly higher-margin business than lead recycling on a per-tonne basis, and Gravita’s entry into integrated copper processing via RMIL gives it immediate manufacturing capability rather than requiring a greenfield build from scratch. The ₹160 crore Mandvi plant would complement RMIL’s Sarigam facility with recycling-specific capacity, creating an end-to-end copper value chain within the group.

Piramal Pharma shares slip 1.37% on May 11 as ROCE hits record low despite 611% operating profit jump

Aditya Bhagchandani — Mon, 11 May 2026 04:18:17 +0000

Shares of Piramal Pharma Limited edged lower on May 11, declining 1.37% or ₹2.47 to ₹177.38 on the NSE, as investors weighed a mixed set of quarterly results featuring strong revenue and operating profit growth against deteriorating capital efficiency metrics and rising leverage.

The stock traded in an intraday range of ₹176.04 to ₹179.52, against a previous close of ₹179.85. At current levels, Piramal Pharma is trading well below its 52-week high of ₹226 but above its 52-week low of ₹132.30, implying meaningful recovery from the lows even as the stock remains range-bound. Market capitalisation stands at approximately ₹23,502 crore. The stock currently carries no P/E ratio given its loss-making status at the net level, and offers a nominal dividend yield of 0.08%. Average daily volume is a substantial 65.8 lakh shares.

What did Piramal Pharma report for Q4 FY26?

Net sales for the quarter stood at ₹2,751.77 crore, reflecting 24.1% growth compared to the average of the preceding four quarters — a strong top-line print demonstrating sustained revenue momentum across the company’s contract development and manufacturing, complex hospital generics, and India consumer healthcare businesses.

The standout number was operating profit before interest, which reached ₹172.71 crore — a 611.1% jump relative to the previous four-quarter average. This sharp operational turnaround signals a significant shift in Piramal Pharma’s profitability trajectory, driven by operating leverage as revenues have scaled. The operating profit to interest coverage ratio peaked at 5.55 times for the quarter, reflecting meaningfully enhanced ability to service debt from operating cash flows — an important positive for a company that has carried significant leverage since its demerger from the erstwhile Piramal Enterprises.

What are the concerns?

Despite the strong operating numbers, two metrics stand out as caution flags. The return on capital employed for the half-year period registered at 2.61% — the lowest level in recent assessments — indicating that while the company is generating more operating profit in absolute terms, the efficiency with which it is deploying its capital base has moderated. For a company at Piramal Pharma’s scale, a sub-3% ROCE raises questions about long-term value creation from its invested capital.

Simultaneously, the debt-to-equity ratio rose to 0.70 times — the highest in the recent half-year span — suggesting incremental leverage has been added to fund operations or capital expenditure. A rising debt load alongside a low ROCE creates a risk dynamic where the cost of capital could exceed returns on deployed capital if not corrected over time.

The combination of a record-low ROCE and a multi-period-high debt-to-equity ratio likely explains why the stock is trading modestly lower despite the headline operating profit surge — the market is looking past the quarterly operating beat to the underlying capital efficiency question that remains unresolved.

Niva Bupa Health Insurance shares jump 7.52% as Q4 profit surges 67% to ₹345 crore on premium growth

Aditya Bhagchandani — Mon, 11 May 2026 04:15:25 +0000

Shares of Niva Bupa Health Insurance Company Limited surged 7.52% or ₹6.11 to ₹87.40 on the NSE on May 11, among the top gainers and most active stocks on the exchange, after the standalone health insurer reported a robust 67% jump in quarterly net profit driven by strong premium growth and improved market share.

The stock hit an intraday high of ₹89.77 against a previous close of ₹81.29, and is trading comfortably above the midpoint of its 52-week range of ₹67.50 to ₹95.21. Market capitalisation stands at approximately ₹16,058 crore. The trailing P/E ratio of 470.91 reflects the high-growth, early-profitability stage of Niva Bupa’s listed journey. The stock pays no dividend currently. Average daily volume is around 8.04 lakh shares, with today’s session seeing elevated activity.

What did Niva Bupa report in Q4 FY26?

Net profit for the quarter ended March 2026 rose 67% year-on-year to ₹345 crore from ₹206 crore in Q4 FY25. Total income for the quarter grew to ₹2,078 crore from ₹1,565 crore in the year-ago period, a jump of approximately 32.8%. Total expenses for the quarter rose to ₹1,795 crore from ₹1,470 crore, reflecting the higher claims and operational costs that accompany rapid premium growth.

Gross written premium — the primary top-line metric for an insurance company — increased 38.5% year-on-year to ₹2,880 crore from ₹2,079 crore in Q4 FY25, indicating strong underlying business momentum across retail and group health insurance segments.

How did Niva Bupa’s operational metrics perform?

The company reported a claim settlement ratio of 94.4% for FY26, an improvement of 205 basis points over FY25 — a meaningful operational improvement that directly affects customer trust and retention in the health insurance segment. Retail health market share improved to 10.1% at the close of FY26, representing a 76 basis points increase over FY25, reflecting the company’s continuing gain on competitors in India’s rapidly expanding health insurance market.

However, the solvency ratio declined to 2.49 as on March 31, 2026 from 3.03 at the end of Q4 FY25. While the ratio remains above the regulatory minimum of 1.50 prescribed by IRDAI, the declining trend warrants monitoring as rapid premium growth places pressure on capital adequacy.

What else did Niva Bupa announce?

The board approved the elevation of Ankur Kharbanda — currently serving as Executive Director and Chief Business Officer — to the position of Executive Director and Deputy CEO, effective May 8, 2026, based on the recommendation of the nomination and remuneration committee. The leadership change signals continuity in the company’s senior management structure as it scales its retail health franchise.

MD and CEO Krishnan Ramachandran said market share gains and the improvement in claim settlement ratio reflect the trust customers place in the company and its continued focus on delivering superior health insurance experiences.

Swiggy shares fall 5.28% despite narrowing losses as quick commerce guidance disappoints investors

Aditya Bhagchandani — Mon, 11 May 2026 04:14:55 +0000

Shares of Swiggy Limited fell 5.28% or ₹14.80 to ₹265.70 on the NSE on May 11, among the top losers and most active stocks on the exchange, even as the food and grocery delivery platform reported a meaningful narrowing of its net loss and strong revenue growth for Q4 FY26. The intraday low touched ₹261.20, against a previous close of ₹280.50.

At ₹265.70, Swiggy is trading near its 52-week low of ₹256.70 and sharply below its 52-week high of ₹474 — a drawdown of over 43% from peak. Market capitalisation stands at approximately ₹69,165 crore. The stock carries no P/E ratio given its loss-making status and pays no dividend. Average daily volume is a substantial 88.4 lakh shares, reflecting heavy institutional and retail participation.

What did Swiggy report in Q4 FY26?

Net loss for the quarter ended March 31, 2026 narrowed to ₹800 crore from ₹1,081 crore in Q4 FY25 — a reduction of approximately 26% year-on-year, reflecting improving unit economics across its core food delivery business. Revenue from operations grew 45% year-on-year to ₹6,383 crore from ₹4,410 crore in Q4 FY25, a strong top-line print driven by growth across food delivery and quick commerce.

The company noted that food delivery has grown at its strongest pace in nearly four years, crossing ₹1,000 crore in annual adjusted EBITDA — a significant milestone that signals the maturation of the food delivery segment as a self-sustaining, profitable business even as quick commerce continues to absorb investment.

What did management guide for on the concall?

The concall guidance contained both positives and points of caution that the market appears to have focused on. On quick commerce, management set a medium-term GOV target of ₹1 lakh crore in 3.5 to 5 years, implying a CAGR of 35-50% — an ambitious but wide-ranged guidance that gives limited near-term clarity. The company expects to achieve quick commerce contribution margin breakeven in the current quarter, improving by 5.5 percentage points year-on-year, with capex expected to decrease significantly.

On food delivery, management guided for medium-term growth of 18-20% and a steady-state EBITDA margin of 5% — a target that, while directionally positive, implies significant time before meaningful profitability materialises at the net level. Store additions are not expected to be necessary for the next few quarters given current utilisation levels, and healthy monthly transacting user growth is expected within two quarters after current churn stabilises.

Why is the stock falling despite improving results?

The market’s reaction reflects the gap between Swiggy’s improving trajectory and the pace at which profitability is arriving — and the competitive context in which it is operating. Rival Zomato — now rebranded as Eternal — has consistently reported stronger unit economics and faster margin improvement, putting pressure on Swiggy to demonstrate a credible path to profitability rather than continued loss reduction at a gradual pace.

The quick commerce guidance of ₹1 lakh crore GOV in 3.5 to 5 years is a wide range that the market typically reads as uncertainty rather than confidence. At ₹265.70, Swiggy’s stock is approaching its all-time low territory, suggesting the market is demanding a more concrete and near-term profitability inflection before re-rating the stock higher.

Kalyan Jewellers shares fall 7.23% despite 118% profit jump — Modi’s Secunderabad gold appeal spooks market

Aditya Bhagchandani — Mon, 11 May 2026 04:06:17 +0000

Kalyan Jewellers India Limited is one of the more striking market paradoxes on May 11. The company reported consolidated net profit soaring 118% year-on-year to ₹409 crore in Q4 FY26, with revenue jumping 66% — and yet the stock is among the top losers and most active on the NSE, falling 7.23% or ₹30.70 to ₹393.85. The intraday low touched ₹389, well below the previous close of ₹424.55. Market capitalisation stands at approximately ₹40,618 crore, with a trailing P/E of 35.98.

The results are not the problem. The explanation arrived 24 hours earlier, from a public gathering in Secunderabad.

What did PM Modi say and where?

Speaking at a public function in Secunderabad on May 10, 2026, Prime Minister Narendra Modi urged people to avoid buying wedding gold for a year and to cut fuel use through work from home and virtual meetings, framing the appeal as a national responsibility amid high global energy costs and supply disruptions.

“I would appeal to people not to buy gold for weddings for one year,” Modi told the gathering, stressing the need for economic restraint and national responsibility. The appeal came when gold prices are already near record highs and India’s import bill is ballooning on the back of high crude prices and geopolitical disruptions.

The gold appeal was part of a broader austerity message. Modi also urged citizens to postpone non-essential foreign travel for at least a year, reduce edible oil consumption, use metros and public transport, carpool, and switch to electric vehicles wherever feasible.

Why does this hit Kalyan Jewellers hardest?

Kalyan Jewellers is not just any jewellery company — it is built almost entirely around the wedding occasion. Its store network, trust-based positioning, and mass-market appeal target precisely the aspirational Indian family that saves for years to buy bridal gold. For millions of Indian families planning weddings or festive shopping, the PM’s message strikes a raw nerve of deep-seated cultural and financial tradition.

India conducts an estimated 10-12 million weddings annually, and wedding jewellery accounts for approximately 50-55% of total gold demand. A voluntary pause in even a fraction of these purchases would hit Kalyan’s footfalls, conversion rates, and average transaction values — the three metrics that drive its revenue growth story.

Is the fear justified or an overreaction?

Context matters here. India’s forex reserves stood at $691.11 billion at the end of March 2026, providing nearly 11 months of import cover — meaning reserves are not under immediate threat. Policymakers appear to be pre-emptively trying to build buffers before external pressures escalate rather than responding to a crisis already underway.

As we covered in our earlier explainer on why Modi is asking Indians not to buy gold, the appeal is voluntary — there is no legal ban, no import duty hike announced, and no enforcement mechanism. India’s gold demand is culturally resilient and historically deferred rather than cancelled permanently.

The more immediate risk that investors are pricing in is not the appeal itself but the policy action that might follow it — specifically, a gold import duty hike similar to the 2013 episode when duties were raised to 10% and imports collapsed. The government has previously introduced the Gold Monetisation Scheme and Sovereign Gold Bonds to channel gold demand away from physical imports, with moderate uptake. A duty hike would be far more structurally damaging to Kalyan than a voluntary appeal.

At ₹389-394, the stock has now corrected approximately 36% from its 52-week high of ₹617.70. The market is pricing in a demand slowdown that has not yet materialised in the numbers — Q4 FY26 was, by every metric, an exceptional quarter. Whether this de-rating is complete depends entirely on whether Modi’s appeal is followed by hard policy.

Here’s why jewellery stocks like Kalyan Jewellers, Thangamayil, Titan, Senco Gold fell over 10% today

Markets Desk — Mon, 11 May 2026 04:01:52 +0000

Shares of jewellery companies witnessed sharp selling pressure in trade after comments by Prime Minister Narendra Modi on reducing gold consumption triggered concerns over demand sentiment in the sector.

Stocks such as Kalyan Jewellers, Thangamayil Jewellery, Titan Company, Senco Gold and RBZ Jewellers declined sharply during the session, with some counters falling as much as 10%.

Kalyan Jewellers India Ltd fell over 7%, while Thangamayil Jewellery dropped nearly 10%. Titan Company slipped over 6%, Senco Gold declined more than 4%, and RBZ Jewellers also traded lower during the session.

The weakness in jewellery counters comes after Prime Minister Narendra Modi reportedly advised citizens to refrain from buying gold for a year and instead focus on productive investments and fuel conservation measures amid the current macroeconomic environment.

According to media reports, the Prime Minister also suggested measures such as reducing unnecessary fuel consumption, promoting work-from-home practices where possible and limiting non-essential travel.

The comments sparked fears that any slowdown in gold demand could impact jewellery retailers, especially at a time when gold prices are already trading near record highs. Investors appeared concerned that elevated gold prices combined with softer discretionary demand may affect sales growth and margins for jewellery companies.

The selling pressure was broad-based across listed jewellery stocks. Titan Company, the market leader in organised jewellery retail through its Tanishq brand, emerged among the top losers on the Nifty 50 index during the session.

Kalyan Jewellers and Senco Gold, which have been aggressively expanding store networks across India, also witnessed heavy profit booking after recent rallies.

Jewellery stocks have seen strong investor interest over the past year amid rising organised market share, festive demand and wedding season sales. However, analysts believe any moderation in gold purchases or discretionary spending sentiment could temporarily weigh on sector valuations.

The sharp correction also comes amid heightened volatility in gold prices globally, with investors closely tracking geopolitical developments, inflation trends and interest rate expectations.

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Disclaimer: This article is for informational purposes only and does not constitute investment advice.

Advanced Enzyme Technologies shares surge 12.25% to ₹401 as FY26 profit jumps 29.6% to ₹173.6 crore

Aditya Bhagchandani — Mon, 11 May 2026 03:58:45 +0000

Shares of Advanced Enzyme Technologies Limited emerged as one of the top gainers on the NSE on May 11, surging 12.25% or ₹43.75 to ₹401 in early trade, touching an intraday high of ₹414.40 — which also marks a fresh 52-week high — after the company reported a strong set of audited consolidated results for FY26 featuring robust revenue and profit growth.

The stock opened sharply higher from its previous close of ₹357.25, with buying interest evident from the opening bell. At ₹401, Advanced Enzyme Technologies is trading near the top of its 52-week range of ₹251.95 to ₹414.40, reflecting a near-doubling from its 52-week low. Market capitalisation stands at approximately ₹4,503 crore. The trailing price-to-earnings ratio is 29.52 with a dividend yield of 1.30%. Average daily volume is around 2.53 lakh shares.

What did Advanced Enzyme Technologies report for FY26?

All figures converted from INR millions to crore (dividing by 10).

For the full year ended March 31, 2026, the company reported total income of ₹780.59 crore, up from ₹669.95 crore in FY25 — a growth of approximately 16.5%. Revenue from operations for the year stood at ₹745.76 crore against other income of ₹34.83 crore. Net profit for FY26 rose 29.6% to ₹173.61 crore from ₹133.97 crore in FY25, a strong improvement driven by operating leverage and an exceptional item credit of ₹11.36 crore. Profit before tax reached ₹232.54 crore. Total expenses for the year were ₹559.41 crore against ₹482.59 crore in FY25.

Total comprehensive income for FY26 surged to ₹268.42 crore from ₹152.80 crore in FY25, significantly boosted by other comprehensive income of ₹94.81 crore arising primarily from foreign currency translation differences of ₹93.81 crore — reflecting the company’s significant international operations and the impact of a weaker rupee on overseas subsidiary valuations.

How did Q4 FY26 perform?

The March quarter showed a sharp acceleration. Net profit for Q4 FY26 came in at ₹45.25 crore, up 69.2% year-on-year from ₹26.73 crore in Q4 FY25 and sequentially higher than ₹43.18 crore in Q3 FY26. Total income for the quarter was ₹210.60 crore, up from ₹175.92 crore in Q4 FY25 and ₹180.42 crore in Q3 FY26. Revenue from operations for the quarter stood at ₹203.37 crore. Profit before tax for Q4 was ₹59.80 crore, with total quarterly expenses of ₹150.90 crore.

The strong Q4 print — both on a year-on-year and sequential basis — suggests demand for the company’s enzyme products across human healthcare, animal nutrition, and food processing segments remained robust through the end of the fiscal year.

ABB India shares plunge 10% after weak Q1 results trigger broker downgrades

Markets Desk — Mon, 11 May 2026 03:56:54 +0000

Shares of ABB India Ltd plunged nearly 10% in Friday’s trade after the company reported weaker-than-expected Q1CY26 earnings, triggering a wave of brokerage downgrades and target price cuts.

The stock declined as much as 9.5% to around ₹6,325 on the NSE, emerging among the top losers on the benchmark indices. The sharp correction comes after several global and domestic brokerages turned cautious on the stock following margin disappointments and concerns over slowing industrial capex momentum.

Brokerages highlighted that the company’s Q1CY26 operational performance missed expectations despite reporting revenue growth. Analysts flagged pressure on margins due to higher commodity costs, adverse revenue mix and execution delays.

Macquarie downgraded ABB India to “Underperform” from “Neutral” and cut its target price to ₹5,470, citing weaker-than-expected earnings and slower margin recovery. The brokerage noted that despite revenue growth, operating profit and net profit declined sharply due to cost pressures and lower operating leverage.

Jefferies also downgraded the stock to “Underperform” with a target price of ₹5,915, stating that EBIT performance was significantly below estimates. The brokerage said industrial capex growth outside the power transmission and distribution segment may remain subdued, limiting margin recovery prospects.

BofA Securities maintained its “Underperform” rating with a target price of ₹4,764, while Citi reiterated its “Sell” call with a ₹5,200 target price. Analysts across brokerages highlighted commodity inflation, forex volatility, pricing pressures and weaker execution as key concerns weighing on margins.

Domestic brokerages also turned cautious on the stock. Nuvama Institutional Equities downgraded ABB India to “Reduce”, while Motilal Oswal downgraded the stock from “Buy” to “Neutral” following the quarterly performance.

The sharp fall in ABB India shares also comes after a strong rally in recent months. The stock had surged from around ₹4,640 levels in January 2026 to a record high of over ₹7,820 in April before witnessing profit booking following the earnings miss.

Investors appeared concerned that elevated valuations may be difficult to sustain amid moderating earnings momentum and continued pressure on profitability.

Blue Dart Express shares fall 6% as Q4 FY26 profit drops 11% despite 8.2% revenue growth

Aditya Bhagchandani — Mon, 11 May 2026 03:54:12 +0000

Shares of Blue Dart Express Limited fell sharply on May 11, declining 6.05% or ₹344 to ₹5,338 on the NSE, as investors reacted to a margin miss and profit decline in the logistics company’s Q4 FY26 results despite continued revenue growth.

The stock opened under pressure and hit an intraday low of ₹5,320.50, against a previous close of ₹5,682. At current levels, Blue Dart is trading well below its 52-week high of ₹7,225 and closer to the lower half of its year range of ₹4,683 to ₹7,225 — implying a drawdown of approximately 26% from peak. Market capitalisation stands at approximately ₹12,666 crore. The trailing P/E ratio is 49.93 with a dividend yield of 0.47%. Average daily volume is around 13,690 shares.

What did Blue Dart Express report in Q4 FY26?

Net profit for the quarter ended March 2026 declined 11.42% year-on-year to ₹48.85 crore from ₹55.15 crore in Q4 FY25. Revenue from operations rose 8.20% to ₹1,533.47 crore from ₹1,417.32 crore in the same quarter last year — a healthy top-line print that was unable to translate into profit growth due to margin compression.

Operating profit margin contracted to 14.48% in Q4 FY26 from 15.04% in Q4 FY25, a deterioration of 56 basis points that reflects rising cost pressures in the express logistics segment — likely from elevated fuel costs, which are a dominant variable for any logistics operation. Profit before depreciation and tax came in at ₹212.50 crore against ₹205.38 crore, up 3% — suggesting depreciation costs have risen as Blue Dart expands its network and fleet. Profit before tax declined 10% to ₹72.66 crore from ₹81.04 crore.

Full-year FY26 performance

For the full year ended March 2026, Blue Dart reported revenue from operations of ₹6,140.88 crore, up 7.35% from ₹5,720.18 crore in FY25 — a consistent mid-single-digit growth trajectory. However, full-year net profit fell 1.99% to ₹247.39 crore from ₹252.42 crore in FY25, reflecting the same theme of revenue growth being outpaced by cost increases.

Full-year OPM came in at 15.48% versus 15.25% in FY25 — a marginal improvement on an annual basis, suggesting Q4 was a particularly difficult quarter for costs rather than a full-year structural margin issue. Full-year profit before depreciation and tax rose 9% to ₹906.85 crore from ₹832.18 crore, while full-year profit before tax grew 7% to ₹370.78 crore from ₹347.24 crore. The gap between PBT growth of 7% and net profit decline of 2% points to a higher effective tax rate in FY26 relative to FY25.

Why are margins under pressure at Blue Dart?

Blue Dart operates India’s largest express air and ground distribution network and is a subsidiary of DHL Group. As a premium logistics provider, it is exposed to aviation turbine fuel costs on its air network and diesel costs on its ground fleet — both of which have risen significantly with crude oil at $126/barrel. The anticipated petrol and diesel price hike before May 15 would add further pressure to ground freight operating costs in the coming quarters if not offset by freight rate increases passed through to customers.

Shree Renuka Sugars FY26 net loss widens to ₹792 crore as revenue falls 16%; negative net worth raises concern

Aditya Bhagchandani — Mon, 11 May 2026 03:53:26 +0000

Shree Renuka Sugars Limited, one of India’s largest sugar producers and a Wilmar Group company, reported a significantly wider consolidated net loss for FY26, with shares falling 4.42% or ₹1.22 to ₹26.37 on the NSE on May 11 as investors reacted to a deteriorating financial picture.

Consolidated revenue from operations declined 16% year-on-year to ₹9,168.9 crore in FY26 from ₹10,914.3 crore in FY25. Total income fell to ₹9,305.3 crore from ₹11,040.9 crore. The consolidated net loss widened sharply to ₹792.4 crore from ₹299.9 crore in FY25 — a near-tripling of losses — while total comprehensive loss widened even further to ₹1,081.2 crore from ₹302.8 crore. Basic and diluted loss per share stood at ₹3.72 against ₹1.41 in the prior year.

Shares of the company are trading at ₹26.37, near the lower half of their 52-week range of ₹22.85 to ₹35.85. Market capitalisation stands at approximately ₹5,649 crore. The stock carries no P/E ratio given the loss-making position, and pays no dividend. Average daily volume is a substantial 1.14 crore shares, reflecting active retail participation in the counter.

How did Q4 FY26 perform?

The quarter ended March 31, 2026 accelerated the deterioration. Consolidated revenue for Q4 FY26 stood at approximately ₹2,540 crore, down from ₹2,700 crore in Q4 FY25. More significantly, the consolidated loss before tax for the quarter was ₹153.2 crore, compared to a profit before tax of ₹90.9 crore in Q4 FY25 — a swing from profit to loss year-on-year at the operating level. Net loss for the quarter stood at ₹121.4 crore versus a net profit of ₹91.6 crore in Q4 FY25.

The standalone results similarly deteriorated. Standalone revenue from operations fell to ₹8,522 crore in FY26 from ₹10,279.4 crore in FY25. Standalone net loss widened to ₹698.9 crore from ₹255.8 crore.

Which segments drove the revenue decline?

The sugar refinery segment, Shree Renuka’s largest revenue contributor, saw revenue fall to ₹6,102.2 crore from ₹7,491.2 crore in FY25 — a drop of approximately ₹1,389 crore. Segment profit before interest and other income collapsed to ₹113.7 crore from ₹408.7 crore. The sugar milling segment reported revenue of ₹2,827 crore against ₹3,179.3 crore, swinging from a marginal profit of ₹11.2 crore to a loss of ₹85.1 crore. The distillery segment generated ₹923.3 crore versus ₹1,009.4 crore previously. The engineering segment deepened its losses to ₹44.9 crore from ₹10.9 crore.

Going concern: The most critical disclosure

The most significant element of Shree Renuka’s FY26 results is the going concern disclosure. As at March 31, 2026, the standalone entity’s current liabilities exceeded current assets by ₹2,114.5 crore, while the Group’s current liabilities exceeded current assets by ₹3,406.6 crore. Total consolidated equity stood at negative ₹2,676.6 crore — meaning the company’s liabilities exceed its assets at the group level. Standalone outstanding debt rose to ₹5,566.4 crore from ₹4,470.2 crore in FY25.

The company has prepared its financial statements on a going concern basis on the strength of a corporate guarantee from its ultimate holding company Wilmar International Limited covering all term loans, External Commercial Borrowings, and most working capital loans. A letter of support from Wilmar Sugar and Energy Pte Ltd to meet shortfalls in normal trade-related working capital requirements provides an additional backstop. Without this parent company support, the going concern assumption would be difficult to sustain given the current balance sheet position.

Tata Consumer shares rally nearly 4% to hit a fresh 52-week high amid strong results beating street estimates

Markets Desk — Mon, 11 May 2026 03:52:16 +0000

Shares of Tata Consumer Products Ltd rose sharply in trade after the company reported stronger-than-expected March quarter earnings, supported by robust volume growth across its India foods and beverages business.

The stock gained over 3% at the opening of the session and touched a fresh 52-week high of ₹1,229 on the NSE after the company posted healthy growth in revenue, EBITDA and profit for the fourth quarter of FY26.

Tata Consumer Products reported a consolidated revenue from operations of ₹5,434 crore for Q4 FY26, up 18% year-on-year. For the full financial year FY26, revenue rose 15% to ₹20,290 crore, crossing the ₹20,000 crore milestone for the first time.

The company’s consolidated EBITDA for the quarter stood at ₹796 crore, registering a 27% increase year-on-year. Group net profit for the quarter came in at ₹424 crore, up 22% compared to the corresponding quarter last year.

Underlying volume growth (UVG) for the India branded business remained strong at 16% during the quarter and 13% for the full year, indicating healthy consumer demand across categories.

The India Foods business delivered 21% growth during the quarter, taking FY26 growth to 18%. The beverages segment grew 4% in Q4, while FY26 growth stood at 8%.

The company also highlighted that its “growth businesses” crossed ₹4,000 crore in FY26 and now account for 31% of the India business portfolio.

International business continued its momentum with 21% growth during the quarter and 16% growth for the full year. On a constant currency basis, international business grew 11% in Q4 and 9% in FY26.

Operationally, Tata Consumer Products said the ready-to-drink business delivered its third consecutive quarter of double-digit growth, with revenue rising 23% in Q4. The company also launched several new products during the quarter, including Tata Tea Gold Iced Tea, Tetley Matcha Latte and Tata Coffee cold coffee.

In the foods category, Tata Sampann recorded strong momentum with 69% growth during the quarter, while the salt business delivered its fifth consecutive quarter of double-digit growth.

The board has recommended a dividend of ₹10 per share for FY26, marking a 21% increase year-on-year.

The strong quarterly performance and broad-based growth across categories helped lift investor sentiment, with Tata Consumer emerging among the top gainers in the FMCG space during the session.

Jewellery Stocks Today: Titan, Kalyan Jewellers, Senco Gold fall after PM Modi urges pause on gold buying

Markets Desk — Mon, 11 May 2026 03:40:21 +0000

Shares of jewellery companies came under pressure in early trade on Monday after Prime Minister Narendra Modi urged citizens to avoid purchasing gold jewellery for one year amid concerns around foreign exchange outflows and global uncertainties.

Titan Company, Kalyan Jewellers, Senco Gold and PN Gadgil Jewellers were among the major losers in morning trade, while broader sentiment across the jewellery retail segment remained weak.

According to reports, PM Modi appealed to citizens to temporarily avoid buying gold jewellery as part of broader efforts aimed at conserving foreign exchange and reducing pressure from rising imports. The comments also came alongside calls for fuel conservation and reduced non-essential spending amid geopolitical uncertainties.

Titan Company shares fell over 3.5% in early trade to ₹4,350.40. Kalyan Jewellers declined 3.2% to ₹411, while Senco Gold dropped nearly 4.5% to ₹349. PN Gadgil Jewellers also slipped 3.7% to ₹701. Shares of RBZ Jewellers traded lower by around 1.5%.

The decline comes despite strong long-term structural demand trends for organised jewellery retailers in India. Over the past few years, listed jewellery companies have benefited from premiumisation, wedding demand and continued shift from unorganised to organised players.

However, analysts said the Prime Minister’s comments triggered immediate concerns over near-term consumer sentiment, especially at a time when gold prices are hovering near record highs globally.

Titan, which operates the Tanishq jewellery chain, remains India’s largest organised jewellery retailer, while Kalyan Jewellers and Senco Gold have been expanding aggressively through store additions across domestic and international markets.

Market participants will now closely monitor whether the comments materially affect demand trends or remain a temporary sentiment-driven trigger for jewellery stocks.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.

Top Stocks For Trade Today, May 11: Airtel, JSW Steel, MCX, Swiggy, ABB, Tata Consumer in focus

Markets Desk — Mon, 11 May 2026 02:44:01 +0000

Indian markets are expected to witness stock-specific action today amid a busy earnings season, corporate announcements, operational updates and sectoral developments. Telecom, metals, banking, infrastructure and consumption stocks are likely to remain in focus, while select internet, jewellery and industrial names may see pressure following weak earnings or negative commentary.

Bharti Airtel: To consider reorganisation of shareholding framework of subsidiaries including Airtel Africa Plc.

JSW Steel: Emerged as preferred bidder for Goa mineral block with estimated 96 million tonnes of iron ore resources.

Tata Consumer Products: Reported Q4 earnings ahead of estimates; underlying volume growth came in at 16% versus expectations of around 10%.

OMCs/Travel stocks: May remain under pressure after PM advised fuel conservation measures, work-from-home and reduced domestic travel.

MCX: Q4 EBITDA rose 35% while revenue increased 34% QoQ.

Bank of Baroda: Reported healthy quarterly performance led by strong business growth, stable margins and improving asset quality.

Balkrishna Industries (BKT): Posted steady Q4 earnings with EBITDA rising 5% YoY and management maintaining a strong outlook.

CreditAccess Grameen: Pre-provision operating profit rose 23% while NII increased 19.6% YoY.

Niva Bupa Health Insurance: Net premium earned rose 29% while profit jumped 67.5% YoY.

JSW Infrastructure: EBITDA increased 20% while revenue rose 18.6% YoY.

Birla Corporation: Reported recovery in profitability aided by improved realisations and lower costs.

Shipping Corporation of India (SCI): EBITDA surged 67.8% with margin improving to 40% from 28% YoY.

Brigade Hotel Ventures: Plans to invest ₹1,000 crore in Karnataka over the next five years.

Oberoi Realty: EBITDA climbed 55.4% YoY while margin improved to 54.9%.

Vodafone Idea: According to Bloomberg, Vodafone Plc may evaluate transferring part stake in the India business.

Bank of India: NII rose 11% while net profit increased 14.9% YoY.

IRB Infrastructure Developers: Toll revenue grew 4% YoY in April.

CMS Info Systems: Won a five-year ATM services project worth ₹400 crore from HDFC Bank covering 6,000 ATMs.

GNA Axles: EBITDA rose 14% while margin improved to 14%.

Rain Industries: EBITDA jumped 83% with margin expanding sharply to 15.4%.

Medi Assist Healthcare: EBITDA rose 18.4% while revenue increased 28% YoY.

E2E Networks: Received in-principle approval from BSE for direct listing.

Fino Payments Bank: April average deposits rose 13% YoY while loan referral disbursals tripled sequentially.

Gravita India: To expand lead recycling capacity with ₹30 crore investment by June-end.

Stocks under pressure

ABB India: Q1CY26 earnings missed estimates; margin declined sharply to 12.85% from 18.61% YoY.

Swiggy: Quick-commerce growth lagged peers; Instamart NOV growth came below estimates.

Jewellery stocks: May remain under watch after PM called for abstinence from gold buying for a year.

Piramal Pharma: US FDA issued Form 483 with three observations for its US facility; classified as VAI.

RateGain Travel Technologies: CFO Rohan Mittal resigned effective May 8, 2026.

Advanced Enzyme Technologies: EBITDA declined 3.8% while margins compressed YoY.

Blue Dart Express: Profit fell 11.4% with margin slipping to 14.5%.

Shree Renuka Sugars: Reported net loss against profit in the year-ago quarter.

Utkarsh Small Finance Bank: Reported net loss while NII declined 8.6% YoY.

Sasken Technologies: EBITDA rose marginally, but margins weakened QoQ.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.

Use petrol and diesel with restraint”: PM Modi calls for nationwide economic discipline amid global tensions

Rashmi Pandey — Sun, 10 May 2026 15:08:28 +0000

Prime Minister Narendra Modi on Sunday called for collective public participation to help India tackle global economic disruptions, supply chain pressures and rising costs linked to ongoing international conflicts, particularly the crisis in West Asia.

Addressing a public gathering in Hyderabad during his Telangana visit, Modi urged citizens to reduce dependence on imported fuel and adopt measures aimed at protecting India’s economy and foreign exchange reserves.

The Prime Minister said patriotism was not limited to sacrificing one’s life for the nation but also included responsible behaviour during challenging times. Stressing energy conservation, he appealed to people to use petrol, diesel and cooking gas “with great restraint” and encouraged wider use of metros, public transport, car-pooling and electric vehicles wherever possible.

Modi also suggested reviving some efficiency practices seen during the Covid-19 pandemic, including work-from-home arrangements, virtual meetings and online conferences, to reduce fuel consumption and unnecessary travel. According to reports, he further encouraged industries and businesses to prefer railway transport for movement of goods in order to cut logistics costs and fuel usage.

In his address, the Prime Minister appealed to citizens to avoid unnecessary foreign travel, overseas weddings and international vacations for the time being, urging people instead to support domestic tourism and spend within India to help conserve foreign exchange reserves. He also requested people to avoid non-essential gold purchases for one year, warning that heavy imports place additional pressure on the economy.

Emphasising self-reliance, Modi urged citizens to prioritise Made-in-India products, including daily-use consumer goods such as footwear, bags and accessories. He also called on families to reduce edible oil consumption, saying the move would benefit both personal health and the country’s import bill.

Addressing farmers, Modi encouraged a 50 percent reduction in chemical fertiliser use and promoted natural farming practices to improve soil health and reduce import dependence. He also pushed for wider adoption of solar-powered irrigation pumps as an alternative to diesel pumps in agriculture.

The Prime Minister’s remarks come as India continues monitoring the economic impact of the ongoing West Asia conflict, particularly on fuel prices, shipping routes and energy security. The Centre has repeatedly stated that petrol, diesel and LPG supplies remain stable across the country despite global uncertainties.

MCX Q4 Results: Net profit jump nearly 4x YoY to Rs 530 crore, revenue up 205%

Aman Shukla — Fri, 08 May 2026 15:36:21 +0000

Multi Commodity Exchange of India Ltd. reported a strong set of Q4 FY26 earnings, driven by sharp growth in revenue and profitability on a year-on-year basis.

The company posted a net profit of ₹529.77 crore for the quarter ended March 2026, marking a massive 291% increase compared to ₹135.46 crore reported in the same quarter last year.

Revenue from operations also witnessed robust growth during the quarter. MCX reported revenue of ₹888.94 crore in Q4 FY26, up 205.2% from ₹291.33 crore in Q4 FY25.

Total income for the quarter stood at ₹925.33 crore, rising 188.7% YoY against ₹320.49 crore reported a year ago.

At the operating level, profit before tax (PBT) came in at ₹681.79 crore, compared to ₹168.29 crore in the corresponding quarter last year, registering a sharp growth of 305.1%.

Total expenses increased to ₹242.10 crore in Q4 FY26 from ₹152.96 crore in Q4 FY25, reflecting a rise of 58.3% YoY.

Employee benefit expenses remained largely stable at ₹46.06 crore versus ₹46.26 crore in the year-ago period. Meanwhile, contribution to statutory funds and regulatory fees surged to ₹61.89 crore from ₹19.66 crore, indicating higher business activity during the quarter.

For the full financial year FY26, MCX reported net profit of ₹1,331.55 crore, up 137.8% compared to ₹560.04 crore reported in FY25.

Annual revenue from operations rose 106.7% to ₹2,302 crore in FY26 against ₹1,112.66 crore in the previous financial year.

Balkrishna Industries Q4 Results: Net profit falls 18.8% YoY to Rs 300 crore, revenue up 6.6%

Aman Shukla — Fri, 08 May 2026 15:02:37 +0000

Balkrishna Industries reported mixed Q4 FY26 results, with the company posting a decline in net profit despite steady growth in revenue and EBITDA on a year-on-year basis.

The company’s net profit fell 18.8% to ₹300 crore in the March quarter, compared to ₹369 crore reported in the same quarter last year.

Revenue from operations rose 6.6% YoY to ₹2,932.8 crore against ₹2,752.4 crore in Q4 FY25, driven by steady demand across key segments.

At the operating level, EBITDA increased 4.3% to ₹640 crore versus ₹614 crore in the year-ago quarter. However, EBITDA margin narrowed to 21.8% from 22.3% last year, indicating pressure on profitability during the quarter.

Balkrishna Industries Q4 FY26 Highlights

Net Profit down 18.8% at ₹300 crore vs ₹369 crore YoY
Revenue up 6.6% at ₹2,932.8 crore vs ₹2,752.4 crore YoY
EBITDA up 4.3% at ₹640 crore vs ₹614 crore YoY
EBITDA Margin at 21.8% vs 22.3% YoY

Balkrishna Industries is one of India’s leading off-highway tire manufacturers, catering to agriculture, industrial, construction, and mining sectors across global markets.

Bank of Baroda Q4 Results: Net profit rises 11% to ₹5,616 crore; asset quality improves

Markets Desk — Fri, 08 May 2026 11:12:38 +0000

Bank of Baroda reported a healthy set of Q4 FY26 numbers with double-digit growth in profit and operating income, while asset quality continued to improve.

The public sector lender posted a net profit of ₹5,616 crore for the quarter ended March 2026, registering a growth of 11.2% year-on-year. For the full financial year FY26, net profit stood at ₹20,021 crore, up 2.2% YoY.

Net interest income (NII) for Q4 FY26 came in at ₹12,494 crore, rising 8.7% compared to the corresponding quarter last year. For FY26, NII stood at ₹47,682 crore, reflecting a 2.5% year-on-year increase.

The bank reported non-interest income of ₹3,967 crore during the March quarter, while operating profit rose 11.5% YoY to ₹9,069 crore. Full-year operating profit stood at ₹32,259 crore.

Asset quality metrics improved further during the quarter. Gross NPA ratio declined to 1.89% in Q4 FY26 from 2.26% in Q4 FY25, while net NPA ratio reduced to 0.45%, improving by 13 basis points year-on-year.

The bank’s provision coverage ratio (PCR) stood at 93.94% with technical write-offs and 76.66% excluding technical write-offs.

Slippage ratio for the quarter improved to 0.89%, declining by 11 basis points year-on-year, while credit cost stood at 0.76% for Q4 FY26.

Bank of Baroda reported a global net interest margin (NIM) of 2.89% for the quarter, while domestic NIM stood at 3.08%.

On the business growth front, domestic advances increased 14.5% year-on-year to ₹11.69 lakh crore, while global advances grew 16.2% to ₹14.29 lakh crore.

Domestic deposits rose 12.8% YoY to ₹14.01 lakh crore, while global deposits increased 12% to ₹16.48 lakh crore. Domestic CASA deposits also registered growth of 9.8% year-on-year.

The bank maintained strong capital levels, with CRAR standing at 15.82% as of March 2026. CET-1 ratio came in at 13.16%.

Return on assets (ROA) stood at 1.15% for the quarter, while return on equity (ROE) came in at 17.27%.

JSW Infrastructure Q4 Results: Net profit falls 18% YoY to Rs 423.67 crore, revenue up 18.6% YoY

Aman Shukla — Fri, 08 May 2026 10:19:52 +0000

JSW Infrastructure reported its Q4 FY26 results with healthy revenue growth, while profitability declined on a year-on-year (YoY) basis due to higher expenses and exceptional items.

Revenue from operations for the March 2026 quarter came in at ₹1,522.34 crore, compared to ₹1,283.18 crore in the same quarter last year, registering a strong growth of 18.6% YoY.

Total income during Q4 FY26 rose to ₹1,612 crore against ₹1,371.90 crore in Q4 FY25, reflecting a rise of 17.5% YoY.

However, the company’s total expenses increased sharply to ₹1,041.69 crore from ₹790.55 crore in the year-ago period, up 31.8% YoY. Higher operating expenses, depreciation and forex-related losses weighed on margins during the quarter.

Profit before exceptional items and tax stood at ₹570.31 crore in Q4 FY26 compared to ₹581.35 crore in Q4 FY25, declining 1.9% YoY.

JSW Infrastructure reported profit before tax (PBT) of ₹497.82 crore versus ₹581.35 crore last year, marking a decline of 14.4% YoY.

Net profit for the quarter fell to ₹423.67 crore from ₹515.58 crore reported in Q4 FY25, down 17.8% YoY.

Top losers today: dalmia bharat at ₹1,823.60 plunges 7.63%, CCL products at ₹1,123.10 down 7.01%, state bank of India at ₹1,019.30 falls 6.66%

Yash Agarwal — Fri, 08 May 2026 10:05:37 +0000

The Indian stock market experienced a downturn today, with the SENSEX falling to 77,328.19, a decline of 0.66%, and the NIFTY 50 dropping to 24,176.15, down 0.62%. Among the top losers, Dalmia Bharat, CCL Products (India), and State Bank of India were the most affected, with significant declines in their stock prices.

Biggest decliners today

Dalmia Bharat led the list of top losers, with its stock price plunging 7.63% from its opening value of ₹1,974.30 to a current level of ₹1,823.60. The stock reached a high of ₹1,977.50 and a low of ₹1,813.60 during the trading session. CCL Products (India) followed closely, with a 7.01% drop from an opening price of ₹1,200.00 to ₹1,123.10. The stock’s high and low were ₹1,200.00 and ₹1,111.20, respectively.

State Bank of India, a major player in the banking sector, saw its shares fall by 6.66%, moving from an opening price of ₹1,090.00 to ₹1,019.30. The stock’s intraday high was ₹1,095.00, while the low was ₹1,010.90. Aditya Birla Real Estate also faced a significant decline, with its stock price decreasing by 6.62% from ₹1,590.00 to ₹1,485.80. The stock’s high and low were ₹1,593.80 and ₹1,470.00, respectively.

Escorts Kubota, operating in the engineering sector, experienced a 5.96% drop, with its stock price falling from ₹3,345.90 to ₹3,146.60. The stock reached a high of ₹3,345.90 and a low of ₹3,137.50.

Sectoral patterns

Other notable decliners included Acme Solar Holdings, Britannia Industries, INOX India, Vesuvius India, and ROUTE MOBILE. Acme Solar Holdings, part of the renewable energy sector, saw a 5.28% decrease, while Britannia Industries, a key player in the FMCG sector, fell by 5.06%. INOX India and Vesuvius India, both from the industrial sector, recorded declines of 4.59% and 4.39%, respectively. ROUTE MOBILE, in the technology sector, experienced a 4.35% drop.

Stock	Open	High	Low	Current	Change %
Dalmia Bharat	1,974.30	1,977.50	1,813.60	1,823.60	-7.63%
CCL Products (India)	1,200.00	1,200.00	1,111.20	1,123.10	-7.01%
State Bank of India	1,090.00	1,095.00	1,010.90	1,019.30	-6.66%
Aditya Birla Real Estate	1,590.00	1,593.80	1,470.00	1,485.80	-6.62%
Escorts Kubota	3,345.90	3,345.90	3,137.50	3,146.60	-5.96%
Acme Solar Holdings	307.00	307.40	278.10	282.80	-5.28%
Britannia Industries	5,634.00	5,654.00	5,503.00	5,520.00	-5.06%
INOX India	1,558.50	1,579.20	1,408.00	1,483.20	-4.59%
Vesuvius India	493.00	512.30	485.55	506.10	-4.39%
ROUTE MOBILE	575.00	577.50	550.60	552.50	-4.35%

What this means for the market

The declines in these stocks reflect a broader negative sentiment in the market today. Investors will be closely watching the remaining session for any signs of recovery or further declines. The performance of key sectors such as banking, FMCG, and technology will be crucial in determining the overall market trajectory.

Data as on May 8, 2026, 03:35 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.

Stock market closing: Nifty 50 at 24,176.15 down 0.62%, Sensex at 77,328.19 down 0.66%, PSU bank index falls 3.06%

Yash Agarwal — Fri, 08 May 2026 10:05:25 +0000

On 8th May 2026, the Indian stock market witnessed a downturn as both the Nifty 50 and the Sensex closed in the red. The Nifty 50 ended the session at 24,176.15, marking a decline of 0.62% from its opening level of 24,233.65. Similarly, the Sensex fell by 0.66% to close at 77,328.19, down from its opening level of 77,631.94. The overall market sentiment was subdued, with significant pressure observed in the PSU Bank sector.

Index movements

The Nifty 50 experienced a volatile trading session, reaching a high of 24,253.80 and a low of 24,126.65. The index’s trajectory showed fluctuations throughout the day, with notable dips and recoveries. The Sensex mirrored this pattern, hitting a high of 77,647.44 and a low of 77,146.43. The Bank Nifty also faced a challenging day, closing at 55,310.55, down 1.31% from its opening of 55,783.95, after touching a high of 55,797.70 and a low of 55,062.50.

Sectoral performance

The Nifty PSU Bank index was the most affected, dropping 3.06% to close at 8,371.95. In contrast, the Nifty IT index showed resilience, gaining 1.21% to end at 29,394.20. Other sectors such as Nifty Metal and Nifty Energy also saw declines, with the Metal index down 0.87% and the Energy index down 0.84%. The Nifty FMCG index managed a modest gain of 0.19%, closing at 51,165.90.

Market breadth

The broader market indices reflected a mixed trend. The Nifty 100 and Nifty 500 indices both recorded declines of 0.60% and 0.42%, respectively. The Nifty Midcap 100 index showed a slight decrease of 0.15%, while the Nifty Midcap 50 index remained relatively stable with a marginal gain of 0.06%. The Nifty Pharma index closed slightly higher, up 0.10% at 24,110.30.

Index	Open	High	Low	Current	Change %
Nifty 50	24,233.65	24,253.80	24,126.65	24,176.15	-0.62%
Sensex	77,631.94	77,647.44	77,146.43	77,328.19	-0.66%
Nifty PSU Bank	8,612.05	8,613.55	8,320.35	8,371.95	-3.06%
India VIX	16.62	17.43	16.16	16.84	+1.32%
Bank Nifty	55,783.95	55,797.70	55,062.50	55,310.55	-1.31%
Nifty IT	29,031.55	29,490.60	28,961.80	29,394.20	+1.21%
Nifty Metal	13,156.00	13,167.15	13,030.40	13,050.95	-0.87%
Nifty Energy	41,091.50	41,133.10	40,695.50	40,795.80	-0.84%
Nifty 100	25,235.70	25,247.15	25,125.35	25,168.60	-0.60%
Nifty Realty	827.35	829.30	820.20	823.60	-0.47%
Nifty 500	23,166.05	23,185.65	23,080.30	23,115.65	-0.42%
Nifty Auto	27,244.80	27,392.15	27,082.60	27,259.85	+0.06%
Nifty FMCG	51,107.55	51,320.15	50,756.85	51,165.90	+0.19%
Nifty Midcap 100	62,039.15	62,113.85	61,766.35	61,910.90	-0.15%
Nifty Pharma	24,043.45	24,306.75	24,030.65	24,110.30	+0.10%
Nifty Midcap 50	17,636.55	17,686.30	17,555.45	17,628.20	+0.06%
Nifty Media	1,467.90	1,481.65	1,465.65	1,472.80	+0.04%

Market outlook

As the market closed on a negative note, investors are likely to remain cautious in the upcoming sessions. The significant drop in the PSU Bank index indicates sector-specific pressures that may continue to influence market sentiment. Observers will be keenly watching for any developments that could impact these trends, particularly in the banking and IT sectors, which showed contrasting performances today.

Data as on May 8, 2026, 03:35 PM IST.

Top gainers today: firstsource solutions at ₹274.26 up 16.62%, thermax at ₹4,677.50 up 11.84%, nuvama wealth management at ₹1,631.50 up 10.65%

Kinjal — Fri, 08 May 2026 10:05:19 +0000

In a session where the broader Indian stock market indices, Sensex and Nifty 50, experienced declines of 0.66% and 0.62% respectively, several stocks bucked the trend with significant gains. Leading the charge were Firstsource Solutions, Thermax, and Nuvama Wealth Management, showcasing impressive upward movements.

Top performers today

Firstsource Solutions emerged as the top gainer, with its stock price rising by 16.62% to ₹274.26. The company, a prominent player in the IT services sector, saw its shares reach a high of ₹280.85 during the session. Thermax, a key name in the engineering and energy sector, followed closely with an 11.84% increase, closing at ₹4,677.50. The stock reached a high of ₹4,759.00, indicating strong investor interest.

Nuvama Wealth Management, operating in the financial services sector, also performed well, with its stock climbing 10.65% to ₹1,631.50. The stock’s high for the day was ₹1,647.90. Sonata Software, another IT sector player, saw its shares rise by 9.75% to ₹297.15, while Mangalore Refinery and Petrochemicals, part of the oil and gas sector, gained 8.10%, closing at ₹167.94.

Sectoral patterns

Beyond the top five, other notable gainers included Coforge, Shipping Corporation Of India, Vijaya Diagnostic Centre, Berger Paints, and Olectra Greentech. Coforge, in the IT services sector, increased by 6.44% to ₹1,368.10. Shipping Corporation Of India, part of the transportation sector, saw a 6.09% rise to ₹339.05.

Vijaya Diagnostic Centre, in the healthcare sector, climbed 5.86% to ₹1,278.90. Berger Paints, representing the consumer goods sector, rose by 5.63% to ₹515.75, while Olectra Greentech, in the renewable energy sector, increased by 5.58% to ₹1,340.70.

Stock	Open	High	Low	Current	Change %
Firstsource Solutions	235.18	280.85	234.01	274.26	+16.62%
Thermax	4,370.00	4,759.00	4,306.00	4,677.50	+11.84%
Nuvama Wealth Management	1,474.50	1,647.90	1,462.30	1,631.50	+10.65%
Sonata Software	275.00	307.90	274.70	297.15	+9.75%
Mangalore Refinery and Petrochemicals	157.00	169.90	156.90	167.94	+8.10%
Coforge	1,279.10	1,374.00	1,275.00	1,368.10	+6.44%
Shipping Corporation Of India	319.50	345.00	318.75	339.05	+6.09%
Vijaya Diagnostic Centre	1,269.00	1,299.90	1,223.30	1,278.90	+5.86%
Berger Paints	490.00	521.95	488.05	515.75	+5.63%
Olectra Greentech	1,269.00	1,397.90	1,255.60	1,340.70	+5.58%

What this means for the market

Despite the overall decline in major indices, the strong performance of these stocks highlights investor interest in specific sectors such as IT, energy, and financial services. As the session progresses, market participants will be keenly observing whether these gains can be sustained and if they might influence broader market sentiment in the coming days.

Data as on May 8, 2026, 03:35 PM IST.

What led to SBI shares tumbling 7% after Q4 results? Explained

Aman Shukla — Fri, 08 May 2026 09:03:36 +0000

Shares of State Bank of India came under heavy selling pressure on May 8, with the stock falling sharply over 7% after the country’s largest lender reported weaker-than-expected net interest income (NII) and margins for the March quarter. As of 2:34 PM, the shares were trading 5.57% lower to Rs 1,031.20.

The sharp decline in SBI shares came as investors reacted negatively to pressure on net interest margins (NIMs), higher slippages, and softer core banking performance despite stable asset quality trends.

SBI Q4 FY26 Key Highlights

Whole bank NIM for Q4 stood at 2.81%
Domestic NIM came at 2.93% vs 3.11% QoQ and 3.14% YoY
FY26 slippage ratio stood at 0.54%
Q4 slippage ratio came at 0.47%
Credit cost stood at 0.27% vs 0.29% QoQ
FY26 credit cost came at 0.37%
Slippages rose to ₹5,521 crore vs ₹4,458 crore QoQ

Margin Pressure Becomes Key Concern

The biggest concern for investors was the sharp compression in SBI’s margins during the quarter.

Domestic NIM declined to 2.93%, down 18 basis points sequentially from 3.11% and lower than 3.14% reported in the same quarter last year. Whole bank NIM also slipped to 2.81%, indicating pressure on profitability amid changing interest rate dynamics and higher funding costs.

Lower margins directly impacted SBI’s net interest income, which came below analyst expectations and triggered a negative reaction on Dalal Street.

Slippages Increase Sequentially

SBI also reported a rise in quarterly slippages, which increased to ₹5,521 crore compared to ₹4,458 crore in the previous quarter. The increase in fresh slippages added to concerns around asset quality moderation going forward.

However, the bank’s overall credit cost remained largely stable at 0.27% against 0.29% QoQ, indicating controlled stress levels despite higher slippages.

Asset Quality Remains Stable

Despite the rise in slippages, SBI managed to maintain stable asset quality ratios during the quarter. The FY26 slippage ratio stood at 0.54%, while Q4 slippage ratio was reported at 0.47%, reflecting relatively controlled stress in the loan book.

Analysts believe the near-term focus will remain on margin recovery, loan growth, and treasury performance amid evolving interest rate conditions.

Ujjivan Small Finance Bank Q4 Results: Net profit jumps 240% to 282 crore, NII up 26.5%

Aman Shukla — Fri, 08 May 2026 08:54:58 +0000

Ujjivan Small Finance Bank reported a strong set of Q4 results, with net profit surging over 240% year-on-year while asset quality improved sequentially. The bank also posted healthy growth in net interest income (NII), reflecting steady business momentum.

Net profit for the March quarter came in at ₹282 crore, compared to ₹83 crore in the same period last year, marking a sharp rise of nearly 240% YoY.

The bank’s Net Interest Income (NII) rose 26.5% YoY to ₹1,093 crore, against ₹864 crore reported in the corresponding quarter last year.

On the asset quality front, Gross Non-Performing Assets (GNPA) improved to 2.26% in Q4 from 2.38% in the previous quarter, indicating better loan book quality. Net Non-Performing Assets (NNPA) also eased to 0.43% from 0.57% QoQ.

Ujjivan Small Finance Bank Q4 Highlights

Net Profit at ₹282 crore vs ₹83 crore YoY, up nearly 240%
NII at ₹1,093 crore vs ₹864 crore YoY, up 26.5%
Gross NPA at 2.26% vs 2.38% QoQ
Net NPA at 0.43% vs 0.57% QoQ

In the meantime, as of 2:27 PM, Ujjivan Small Finance Bank shares jump over 2.28% to Rs 64.10 after Q4 results.

Why are SBI shares falling over 5% today? Explained

Aman Shukla — Fri, 08 May 2026 08:45:53 +0000

Shares of SBI slipped 5% on May 8 after the country’s largest lender reported a mixed set of Q4 FY26 earnings, with profit beating Street estimates but core banking income missing expectations.

The stock came under pressure as investors reacted to weaker-than-expected Net Interest Income (NII), a key metric that measures lending profitability.

As of 2:14 PM IST, SBI shares were trading near the day’s low after witnessing heavy selling pressure during the session. The stock touched an intraday low of ₹1,025.50, while the day’s high stood at ₹1,095.00. SBI opened at ₹1,090 against the previous close of ₹1,092. Live traded volume stood at over 2 crore shares, reflecting heightened market activity following the earnings announcement.

SBI Q4 FY26 Results Highlights

State Bank of India reported a net profit of ₹19,683.7 crore for the March quarter, marking a 5.6% year-on-year increase compared to ₹18,643 crore reported in the same period last year.

The profit figure also surpassed the CNBC-TV18 poll estimate of ₹19,455.4 crore, indicating resilience in the bank’s bottom-line performance despite a challenging operating environment.

However, the bank’s Net Interest Income (NII) rose only 4.1% YoY to ₹44,380 crore from ₹42,618 crore in Q4 FY25. The number fell significantly short of the Street estimate of ₹46,487.4 crore, missing expectations by nearly ₹2,100 crore.

The weaker NII growth appears to have overshadowed the profit beat, triggering profit booking in the stock.

Why are Titan Company shares rallying over 5% today? Explained

Aman Shukla — Fri, 08 May 2026 08:42:53 +0000

Shares of Titan Company surged sharply by over 5% in Friday’s trade after the company reported strong fourth-quarter earnings for FY26, driven by robust revenue growth and steady profitability.

The Tata Group-backed lifestyle and jewellery major posted a 29.2% year-on-year (YoY) rise in consolidated net profit for the March quarter at ₹1,124 crore, compared to ₹870 crore in the corresponding quarter last year.

The company’s revenue from operations witnessed a massive 77.6% YoY jump to ₹23,934 crore against ₹13,477 crore reported in Q4FY25, supported by strong demand across jewellery and other consumer segments.

Titan’s EBITDA for the quarter increased 19.3% YoY to ₹1,715 crore from ₹1,438 crore in the year-ago period. However, EBITDA margin declined to 7.2% compared to 10.7% in the same quarter last year, indicating pressure on operating profitability despite higher sales growth.

Following the earnings announcement, Titan Company shares witnessed strong buying interest on Dalal Street as investors reacted positively to the sharp growth in revenue and profit numbers.

Titan Company Q4FY26 Highlights

Net Profit up 29.2% at ₹1,124 crore vs ₹870 crore YoY
Revenue rises 77.6% at ₹23,934 crore vs ₹13,477 crore YoY
EBITDA climbs 19.3% at ₹1,715 crore vs ₹1,438 crore YoY
EBITDA Margin stands at 7.2% vs 10.7% YoY

Market participants will now closely watch management commentary on jewellery demand trends, margin recovery, and growth outlook for FY27.

Titan Company Q4 Results: Revenue surges 78% YoY to Rs 23,934 crore, net profit up 29.2%

Aman Shukla — Fri, 08 May 2026 08:31:21 +0000

Titan Company reported a strong performance for the fourth quarter ended March 31, 2026, driven by robust growth in revenue and higher profitability on a year-on-year (YoY) basis.

The company posted a consolidated profit after tax of Rs 1,124 crore in Q4 FY26, marking a rise of nearly 29.2% compared to Rs 870 crore reported in the corresponding quarter last year.

Revenue from operations witnessed a sharp increase during the quarter. Titan’s total operational revenue rose to Rs 23,934 crore in Q4 FY26 from Rs 13,477 crore in Q4 FY25, reflecting a strong growth of around 77.6% YoY. The sharp jump was largely supported by a significant rise in other operating revenue.

EBITDA for the quarter increased 19.3% YoY to Rs 1,715 crore compared to Rs 1,438 crore in Q4 FY25. However, EBITDA margin contracted to 7.2% from 10.7% in the corresponding quarter last year, indicating pressure on operating profitability despite higher sales growth.

Total income for the quarter also climbed 77.2% YoY to Rs 24,086 crore against Rs 13,594 crore in the year-ago period.

On the operational front, total expenses increased 82.8% YoY to Rs 22,649 crore compared to Rs 12,387 crore in Q4 FY25. Cost of materials and components consumed stood at Rs 19,894 crore, up from Rs 13,220 crore last year.

Profit before exceptional items and tax rose 19% YoY to Rs 1,437 crore versus Rs 1,207 crore in the corresponding quarter previous year.

Titan reported a profit before tax (PBT) of Rs 1,486 crore in Q4 FY26, registering a growth of 23.1% YoY from Rs 1,207 crore posted in Q4 FY25.

The company’s tax expense for the quarter came in at Rs 362 crore compared to Rs 337 crore a year ago.

For the full financial year ended March 31, 2026, Titan Company reported total income of Rs 78,089 crore, up from Rs 55,335 crore in FY25. Annual profit after tax rose to Rs 4,630 crore from Rs 3,335 crore in the previous financial year, reflecting healthy growth across businesses.

Stock market afternoon trade: Nifty 50 at 24,172.85 down 0.63%, Sensex at 77,312.96 down 0.68%, PSU bank index falls 1.18%

Arunika Jain — Fri, 08 May 2026 08:30:22 +0000

The Indian stock market witnessed a downward trend in the afternoon session, with the Nifty 50 slipping to 24,172.85, marking a decline of 0.63% from its opening level. The Sensex also fell, trading at 77,312.96, a decrease of 0.68% from the open. Among sectoral indices, the Nifty PSU Bank index experienced the most significant drop, down 1.18% to 8,534.50.

Index movements

The Nifty 50 opened at 24,233.65 and reached a high of 24,253.80, while its lowest point was 24,138.40. The index showed volatility throughout the session, with notable fluctuations in its trajectory. The Sensex opened at 77,631.94, peaking at 77,647.44 and hitting a low of 77,243.04.

The Bank Nifty index also faced pressure, trading at 55,475.80, down 1.02% from its opening of 55,783.95. It recorded a high of 55,797.70 and a low of 55,368.50 during the session.

Sectoral performance

Sectoral indices displayed mixed performances. The Nifty IT index emerged as a gainer, rising by 0.98% to 29,328.75, after opening at 29,031.55. It reached a high of 29,398.55 and a low of 28,961.80. Conversely, the Nifty PSU Bank index led the decliners, dropping 1.18% to 8,534.50.

Other sectors such as Nifty Metal and Nifty Energy also saw declines, both down 0.88% from their respective opening levels. The Nifty FMCG and Nifty Pharma indices showed modest gains, up 0.16% and 0.14%, respectively.

Market breadth

The broader market indices reflected a negative sentiment. The Nifty 100 and Nifty 500 indices fell by 0.59% and 0.40%, respectively. The Nifty Midcap 100 index decreased slightly by 0.17% to 61,899.60, while the Nifty Midcap 50 showed a marginal decline of 0.07%.

Index	Open	High	Low	Current	Change %
NIFTY 50	24,233.65	24,253.80	24,138.40	24,172.85	-0.63%
SENSEX	77,631.94	77,647.44	77,243.04	77,312.96	-0.68%
INDIA VIX	16.62	17.43	16.16	17.05	+2.59%
NIFTY PSU BANK	8,612.05	8,613.55	8,518.30	8,534.50	-1.18%
BANK NIFTY	55,783.95	55,797.70	55,368.50	55,475.80	-1.02%
NIFTY IT	29,031.55	29,398.55	28,961.80	29,328.75	+0.98%
NIFTY ENERGY	41,091.50	41,133.10	40,695.50	40,779.75	-0.88%
NIFTY METAL	13,156.00	13,167.15	13,037.10	13,048.90	-0.88%
NIFTY 100	25,235.70	25,247.15	25,133.95	25,170.35	-0.59%
NIFTY 500	23,166.05	23,185.65	23,080.30	23,121.15	-0.40%
NIFTY REALTY	827.35	828.10	820.20	825.30	-0.27%
NIFTY MEDIA	1,467.90	1,481.65	1,465.65	1,475.15	+0.20%
NIFTY AUTO	27,244.80	27,392.15	27,082.60	27,290.25	-0.18%
NIFTY MIDCAP 100	62,039.15	62,113.85	61,766.35	61,899.60	-0.17%
NIFTY FMCG	51,107.55	51,261.20	50,756.85	51,152.00	+0.16%
NIFTY PHARMA	24,043.45	24,306.75	24,030.65	24,169.75	+0.14%
NIFTY MIDCAP 50	17,636.55	17,686.30	17,555.45	17,629.05	+0.07%

Market outlook

As the trading session progresses, investors are closely monitoring the market for any signs of recovery or further declines. The focus remains on sectoral performances and broader market trends, which will be crucial in determining the direction of the indices in the coming days.

Data as on May 8, 2026, 02:00 PM IST.

Firstsource Solutions shares rally over 16% today: Details here

Aman Shukla — Fri, 08 May 2026 07:14:14 +0000

Shares of Firstsource Solutions rallied more than 16% on May 8, extending their three-day post-Q4 results rally to nearly 24%, as investors cheered the company’s strong earnings and upbeat medium-term growth outlook.

As of 12:37 PM, the stock was trading near the day’s high of Rs 278.22 after opening at Rs 235.18 against the previous close of Rs 235.18. The stock touched an intraday low of Rs 234.01, while live trading volume crossed 6.23 crore shares.

The rally came after the company reported a solid performance for the March quarter. Net profit rose 28% year-on-year to Rs 205 crore, while revenue increased 20% YoY to Rs 2,583 crore.

Domestic brokerage JM Financial maintained its ‘BUY’ rating on the stock and raised the target price to Rs 290 from Rs 260, citing improving growth visibility despite a softer operating environment.

According to the brokerage, revenue growth and margins were slightly below expectations but broadly in line with consensus estimates. Revenue grew 3% quarter-on-quarter in constant currency terms, impacted by delays in the UK collections deal ramp-up due to regulatory approvals and slower ramp-up at payer clients linked to Medicare payment timelines.

EBIT margin for the quarter came in at 12.2%, marginally below the brokerage estimate of 12.4%.

JM Financial noted that most revenue headwinds seen in the fourth quarter are now behind the company, which could support stronger growth momentum in FY27. The brokerage also highlighted that Firstsource has retained its medium-term aspiration of delivering double-digit constant currency revenue growth.

The brokerage revised its FY27 and FY28 earnings estimates by 1%-3% following the Q4 results and rolled forward its valuation to FY28 earnings, while maintaining an 18x target multiple.

Defence sector stocks today, May 8: Cochin Shipyard falls 1.44%, Mazagon Dock down 1.26%, Ideaforge Technology up 3.35%

Aman Shukla — Fri, 08 May 2026 07:00:36 +0000

Defence sector stocks showed mixed movement on May 8, 2026, during the afternoon trading session. While some stocks posted gains, several major names traded in the red as the broader market declined.

Market Snapshot (as of ~12:20 PM IST):

Nifty 50: 24,188.60 (-0.57%)
BSE Sensex: 77,372.94 (-0.61%)

Defence Stocks Price and Change (May 8, 2026)

Company	BSE Price (₹)	BSE Change	NSE Price (₹)	NSE Change
Apollo Micro Systems	326.95	+3.99%	326.70	+3.86%
Astra Micro	1,162.85	+0.04%	1,163.60	+0.09%
Avantel	157.50	+0.48%	157.65	+0.43%
Bharat Dynamics	1,449.85	-1.10%	1,450.80	-1.10%
Bharat Electronics (BEL)	439.80	+0.02%	439.70	+0.06%
Bharat Forge	2,008.90	+0.90%	2,008.70	+0.79%
C2C Advanced Systems Ltd.	–	–	458.20	+1.26%
CFF Fluid Control	797.95	+0.47%	–	–
Cochin Shipyard	1,789.00	-1.44%	1,789.30	-1.40%
Data Patterns	4,129.05	-2.76%	4,126.60	-2.91%
DCX Systems	220.05	-0.43%	219.80	-0.51%
Digilogic Systems Ltd.	100.01	-2.58%	–	–
Garden Reach Shipbuilders	3,069.40	-0.84%	3,070.00	-0.77%
High Energy	636.05	-1.23%	–	–
Hindustan Aeronautics (HAL)	4,749.95	-0.71%	4,748.10	-0.71%
Ideaforge Technology	818.70	+3.35%	818.00	+3.25%
Kaynes Technology	4,425.00	+1.07%	4,426.70	+1.07%
Krishna Defence	–	–	1,214.00	+5.88%
Mazagon Dock Shipbuilders	2,650.90	-1.26%	2,651.00	-1.20%
MTAR Technologies	6,563.90	-1.75%	6,565.00	-1.68%
Nibe Limited	1,047.95	-0.98%	–	–
Paras Defence & Space Tech	880.10	+1.38%	880.05	+1.21%
Premier Explosives	557.20	-0.52%	556.15	-0.59%
Solar Industries	16,044.00	+1.00%	16,022.00	+0.85%
Swan Defence and Heavy Industries	1,865.00	-0.25%	–	–
Unimech Aerospace	1,051.90	-1.56%	1,053.50	-1.01%

Top Gainers (Defence Sector)

Krishna Defence: +5.88%
Apollo Micro Systems: +3.99%
Ideaforge Technology: +3.35%
Paras Defence: +1.38%
Kaynes Technology: +1.07%
Bharat Forge: +0.90%

Top Losers (Defence Sector)

Data Patterns: -2.91%
MTAR Technologies: -1.75%
Digilogic Systems: -2.58%
Cochin Shipyard: -1.44%
Mazagon Dock: -1.26%
Bharat Dynamics: -1.10%

Note: All prices and percentage changes are as of approximately 12:20 PM IST on May 8, 2026. Stock prices fluctuate continuously during market hours. This is not investment advice. Investors should conduct their own research or consult a financial advisor before making any decisions. Data sourced from BSE and NSE feeds.

Stock market midday update: Nifty 50 at 24,182.15 down 0.59%, Sensex at 77,335.47 down 0.65%, PSU bank index falls 1.07%

Yash Agarwal — Fri, 08 May 2026 07:00:22 +0000

As of midday, the Indian stock market is experiencing a downward trend with the Nifty 50 index falling to 24,182.15, marking a 0.59% decline from its opening level of 24,233.65. The Sensex also shows a similar pattern, dropping 0.65% to 77,335.47 from its opening of 77,631.94. The overall market sentiment appears cautious, with significant movements observed in the sectoral indices.

Index movements

The Nifty 50 opened at 24,233.65 and reached a high of 24,253.80 before retreating to its current level of 24,182.15. The index’s trajectory throughout the session showed fluctuations, with notable points at 24,239.45 at 09:30 and a dip to 24,154.05 at 09:45. The Sensex mirrored this volatility, opening at 77,631.94, peaking at 77,647.44, and currently standing at 77,335.47. Bank Nifty also faced pressure, declining 0.98% to 55,497.00 from its opening of 55,783.95.

Sectoral performance

The Nifty PSU Bank index is leading the declines among sectoral indices, dropping 1.07% to 8,544.00 from its opening of 8,612.05. Meanwhile, the Nifty IT index has shown resilience, rising 0.52% to 29,193.75, outperforming other sectors. The Nifty FMCG index also posted gains, up 0.29% to 51,214.80. In contrast, the Nifty Energy index fell 0.89% to 40,777.75, reflecting a broader decline in the energy sector.

Market breadth

The broader market indices also indicate a mixed performance. The Nifty 100 index is down 0.54% at 25,183.95, while the Nifty 500 index has decreased by 0.37% to 23,129.00. Midcap indices show slight declines, with the Nifty Midcap 100 down 0.16% at 61,903.05 and the Nifty Midcap 50 marginally lower by 0.03% at 17,623.10.

Index	Open	High	Low	Current	Change %
Nifty 50	24,233.65	24,253.80	24,138.40	24,182.15	-0.59%
Sensex	77,631.94	77,647.44	77,248.69	77,335.47	-0.65%
India VIX	16.62	17.43	16.16	17.11	+2.95%
Nifty PSU Bank	8,612.05	8,613.55	8,535.45	8,544.00	-1.07%
Bank Nifty	55,783.95	55,797.70	55,478.00	55,497.00	-0.98%
Nifty Energy	41,091.50	41,133.10	40,757.15	40,777.75	-0.89%
Nifty 100	25,235.70	25,247.15	25,133.95	25,183.95	-0.54%
Nifty IT	29,031.55	29,359.55	28,961.80	29,193.75	+0.52%
Nifty Realty	827.35	828.10	820.20	823.50	-0.48%
Nifty Metal	13,156.00	13,167.15	13,056.35	13,112.15	-0.40%
Nifty 500	23,166.05	23,185.65	23,080.30	23,129.00	-0.37%
Nifty FMCG	51,107.55	51,261.20	50,756.85	51,214.80	+0.29%
Nifty Midcap 100	62,039.15	62,113.85	61,789.10	61,903.05	-0.16%
Nifty Pharma	24,043.45	24,306.75	24,030.65	24,158.40	+0.09%
Nifty Midcap 50	17,636.55	17,686.30	17,555.45	17,623.10	+0.03%
Nifty Auto	27,244.80	27,392.15	27,082.60	27,342.10	+0.01%
Nifty Media	1,467.90	1,477.70	1,465.65	1,472.40	+0.01%

Market outlook

As the session progresses, market participants are closely monitoring the developments in sectoral performances, particularly in the PSU Bank and IT sectors. The volatility index, India VIX, has risen by 2.95% to 17.11, indicating heightened market uncertainty. Investors will be keen to see if the afternoon session brings any reversal in trends or if the current downward momentum continues.

Data as on May 8, 2026, 12:30 PM IST.

Auto sector stocks today, May 8: Escorts Kubota falls 4.82%, Force Motors down 1.32%, Bajaj Auto up 1.12%

Aman Shukla — Fri, 08 May 2026 06:11:50 +0000

Auto sector stocks showed mixed trading on May 8, 2026, during morning hours. The S&P BSE Auto index stood at 60,148.34, up 0.03%. Broader markets were in negative territory, with Nifty 50 at 24,207.50 (-0.49%) and S&P BSE Sensex at 77,378.49 (-0.60%).

Here is the latest price and percentage change data for major auto companies (as of approximately 11:30 AM IST for BSE and 11:35 AM IST for NSE):

Two-Wheeler & Three-Wheeler Stocks

Bajaj Auto: BSE 10,725.75 (+1.12%), NSE 10,741.50 (+1.29%)
Hero Motocorp: BSE 5,348.00 (+0.11%), NSE 5,352.50 (+0.18%)
TVS Motors: BSE 3,707.00 (0.00%), NSE 3,706.10 (-0.02%)
Ola Electric Mobility Ltd.: BSE 34.51 (-1.74%), NSE 34.53 (-1.60%)
Ather Energy Ltd.: BSE 922.95 (+1.70%), NSE 920.90 (+1.51%)

Four-Wheeler & Commercial Vehicle Stocks

Maruti Suzuki: BSE 13,730.00 (-0.27%), NSE 13,744.00 (-0.19%)
Mahindra & Mahindra (M&M): BSE 3,350.25 (-0.60%), NSE 3,353.10 (-0.52%)
Tata Motors Passenger Vehicles Ltd.: BSE 354.75 (-1.25%), NSE 355.25 (-1.11%)
Hyundai Motor India Ltd.: BSE 1,840.00 (+0.19%), NSE 1,838.00 (+0.12%)
Ashok Leyland: BSE 168.40 (-1.35%), NSE 168.44 (-1.37%)
Eicher Motors: BSE 7,360.20 (+0.42%), NSE 7,357.50 (+0.41%)

Other Auto Stocks

Escorts Kubota: BSE 3,186.10 (-4.79%), NSE 3,184.50 (-4.82%)
Force Motors: BSE 20,993.75 (+1.48%), NSE 20,975.00 (+1.32%)
Olectra Greentech: BSE 1,266.40 (0.00%), NSE 1,266.60 (-0.25%)
Sharda Motor: BSE 916.60 (+1.07%), NSE 917.65 (+1.09%)
SML Isuzu: BSE 3,823.65 (-1.64%), NSE 3,836.40 (-1.34%)
VST Tillers: BSE 5,186.55 (+0.13%), NSE 5,188.00 (+0.09%)
Landmark Cars: BSE 409.95 (+0.24%), NSE 407.15 (-0.33%)

Note: Prices are from May 8, 2026 morning session and are subject to change. This is a snapshot and not trading advice.

Top losers in morning trade: INOX India at ₹1,457.20 down 6.26%, aditya birla real estate at ₹1,506.60 down 5.32%, CCL products at ₹1,144.90 down 5.21%

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

The Indian stock market experienced a downturn this morning, with both the SENSEX and NIFTY 50 indices showing declines. The SENSEX fell to 77,509.61, down by 0.43%, while the NIFTY 50 decreased to 24,235.60, marking a 0.37% drop. Among the top losers, INOX India, Aditya Birla Real Estate, and CCL Products (India) led the declines with significant percentage drops from their opening prices.

Biggest decliners today

INOX India emerged as the biggest loser, with its stock price falling by 6.26% from its opening value, closing at ₹1,457.20. The stock saw a high of ₹1,579.20 and a low of ₹1,408.00 during the session. Aditya Birla Real Estate followed closely, with its shares decreasing by 5.32% to ₹1,506.60. The real estate sector appears to be under pressure, as indicated by this notable decline.

CCL Products (India) also faced a significant drop, with its shares falling by 5.21% to ₹1,144.90. The company opened at ₹1,200.00 and reached a low of ₹1,126.50. Escorts Kubota and Dalmia Bharat were also among the top five decliners, with their stocks decreasing by 4.81% and 4.64%, respectively.

Sectoral patterns

While the top decliners spanned various sectors, a notable pattern was observed in the industrial and manufacturing sectors. Vesuvius India, a key player in the industrial sector, saw its stock price decrease by 4.60% to ₹505.00. Meanwhile, Britannia Industries, representing the FMCG sector, experienced a 4.33% decline, closing at ₹5,562.50.

Other stocks such as Hitachi Energy India and NOCIL also faced declines, with their prices falling by 3.67% and 3.52%, respectively. City Union Bank, representing the banking sector, saw its stock decrease by 3.27% to ₹262.00.

Stock	Open	High	Low	Current	Change %
INOX India	1,558.50	1,579.20	1,408.00	1,457.20	-6.26%
Aditya Birla Real Estate	1,590.00	1,593.80	1,505.50	1,506.60	-5.32%
CCL Products (India)	1,200.00	1,200.00	1,126.50	1,144.90	-5.21%
Escorts Kubota	3,345.90	3,345.90	3,182.10	3,184.80	-4.81%
Dalmia Bharat	1,974.30	1,977.50	1,881.50	1,882.70	-4.64%
Vesuvius India	493.00	506.60	485.55	505.00	-4.60%
Britannia Industries	5,634.00	5,654.00	5,524.00	5,562.50	-4.33%
Hitachi Energy India	34,950.00	35,095.00	33,545.00	33,595.00	-3.67%
NOCIL	184.17	185.57	178.25	182.20	-3.52%
City Union Bank	271.05	271.55	261.35	262.00	-3.27%

What this means for the market

The declines observed in the morning session reflect a broader negative sentiment in the market, with key indices like the SENSEX and NIFTY 50 both showing downward trends. Investors will be closely monitoring the remaining trading session for any signs of recovery or further declines, particularly in the industrial and real estate sectors, which have shown significant weakness today.

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

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.

Adani Group stocks today, May 8: Adani Ports jumps 2.43%, Adani Power down 0.96%, Adani Total Gas falls 0.87

Aman Shukla — Fri, 08 May 2026 05:37:26 +0000

Adani Group stocks showed mixed movements in morning trade on May 8, 2026. While broader markets declined, with Nifty 50 down 0.54% at 24,195.95 and BSE Sensex down 0.55% at 77,415.34, several Adani stocks posted gains. Data is as of approximately 10:56–10:59 AM IST.

Adani Group Share Prices on May 8, 2026

Company	BSE Price (₹)	BSE Change (%)	NSE Price (₹)	NSE Change (%)
ACC	1,419.00	+0.24	1,418.80	+0.30
Adani Energy Solutions	1,381.45	-0.35	1,379.60	-0.54
Adani Enterprises	2,528.70	+0.67	2,524.30	+0.42
Adani Green Energy	1,362.35	-0.19	1,365.60	+0.04
Adani Ports & SEZ	1,775.00	+2.43	1,771.10	+2.21
Adani Power	227.95	-0.96	228.10	-0.91
Adani Total Gas	638.60	-0.87	638.80	-0.85
Ambuja Cements	454.75	+0.75	453.95	+0.73

Key Highlights (Morning Trade, May 8, 2026)

Adani Ports & SEZ was the top gainer in the group, rising over 2% on both BSE and NSE.
Adani Enterprises and Ambuja Cements also traded in positive territory with modest gains.
Adani Power and Adani Total Gas saw declines of nearly 1%.
Most other Adani stocks showed minor movements, either small gains or losses.

Note: Stock prices fluctuate continuously during market hours. The above figures reflect prices at the specified times (BSE: 10:56 AM, NSE: 10:59:59 AM) on May 8, 2026. Investors should check latest quotes on official exchanges for real-time updates.

Stock market live update: Nifty 50 at 24,230.95 down 0.39%, Sensex at 77,503.50 down 0.44%, IT index gains 0.89%

Yash Agarwal — Fri, 08 May 2026 05:30:16 +0000

The Indian stock market witnessed a mixed session this morning with the Nifty 50 and Sensex both trading lower, while the IT sector showed significant gains. As of 11:00 AM IST, the Nifty 50 stood at 24,230.95, marking a decline of 0.39% from its opening level. The Sensex also experienced a downturn, falling 0.44% to 77,503.50. In contrast, the Nifty IT index emerged as a strong performer, rising by 0.89% to 29,301.70.

Index movements

The Nifty 50 opened at 24,233.65 and reached a high of 24,253.80, while touching a low of 24,138.40 during the session. The index’s trajectory showed fluctuations with levels at 24,216.40, 24,239.45, and 24,154.05 at various intervals. Meanwhile, the Sensex opened at 77,631.94, hitting a high of 77,647.44 and a low of 77,248.69.

The Bank Nifty index also saw a decline, opening at 55,783.95 and currently trading at 55,606.00, down 0.79% from its opening level. The index recorded a high of 55,797.70 and a low of 55,507.45.

Sectoral performance

Sectoral indices displayed varied performances. The Nifty IT index led the gains with a 0.89% increase, reaching 29,301.70. The Nifty Pharma index also showed positive movement, climbing 0.50% to 24,256.65. On the other hand, the Nifty Energy index declined by 0.52%, standing at 40,926.55, and the Nifty Metal index fell by 0.39% to 13,114.50.

Market breadth

The broader market indices reflected a mixed trend. The Nifty 100 index was slightly down by 0.32% at 25,237.55, while the Nifty 500 index saw a marginal decline of 0.16%, trading at 23,175.75. The Nifty Midcap 50 index, however, recorded a gain of 0.27%, reaching 17,665.30, and the Nifty Midcap 100 index rose by 0.07% to 62,047.95.

Index	Open	High	Low	Current	Change %
Nifty 50	24,233.65	24,253.80	24,138.40	24,230.95	-0.39%
Sensex	77,631.94	77,647.44	77,248.69	77,503.50	-0.44%
India VIX	16.62	17.43	16.16	17.01	+2.35%
Nifty IT	29,031.55	29,359.55	28,961.80	29,301.70	+0.89%
Bank Nifty	55,783.95	55,797.70	55,507.45	55,606.00	-0.79%
Nifty Energy	41,091.50	41,133.10	40,785.55	40,926.55	-0.52%
Nifty Pharma	24,043.45	24,306.75	24,030.65	24,256.65	+0.50%
Nifty PSU Bank	8,612.05	8,613.55	8,550.80	8,594.35	-0.49%
Nifty Metal	13,156.00	13,167.15	13,056.35	13,114.50	-0.39%
Nifty 100	25,235.70	25,247.15	25,133.95	25,237.55	-0.32%
Nifty Midcap 50	17,636.55	17,685.95	17,555.45	17,665.30	+0.27%
Nifty Realty	827.35	828.10	820.20	825.55	-0.24%
Nifty 500	23,166.05	23,185.65	23,080.30	23,175.75	-0.16%
Nifty Media	1,467.90	1,477.70	1,465.65	1,473.55	+0.09%
Nifty Midcap 100	62,039.15	62,113.85	61,789.10	62,047.95	+0.07%
Nifty Auto	27,244.80	27,372.15	27,082.60	27,357.70	+0.06%
Nifty FMCG	51,107.55	51,191.90	50,756.85	51,092.65	+0.05%

Market outlook

As the session progresses, investors will be closely monitoring the movements in key indices, particularly the IT sector, which has shown resilience. The overall market sentiment remains cautious, with attention on global cues and domestic economic indicators that could influence further market direction.

Data as on May 8, 2026, 11:00 AM IST.

Why Nuvama Wealth shares are up over 10% today? Explained

Aman Shukla — Fri, 08 May 2026 05:25:32 +0000

Shares of Nuvama Wealth Management Ltd surged more than 10% in morning trade on Friday, May 8, ahead of the company’s Q4 results announcement scheduled for Monday, May 11. Strong buying interest and heavy trading volumes lifted the stock close to its 52-week high during the session. The buzz on the street also indicates that the company is expected to post a strong set of Q4 results and the buying today is in anticipation of the same.

As of 10:53 AM IST, Nuvama Wealth Management touched an intraday high of Rs 1,629.90, compared to the previous close of Rs 1,474.50. The stock opened at Rs 1,474.50 and slipped to a day’s low of Rs 1,462.30 before witnessing a sharp rally.

The stock is now trading near its 52-week high of Rs 1,701.70, while the 52-week low stands at Rs 1,096.90.

Trading activity remained robust with live volume crossing 32.12 lakh shares, indicating strong investor participation ahead of the quarterly earnings.

Market participants are closely tracking the upcoming Q4 results, with expectations of healthy growth in the company’s wealth management and capital market businesses.

Energy sector stocks today, May 8: MRPL jumps 7.11%, K.P. ENERGY up 1.89%, GUJARAT GAS down 2.11%

Aman Shukla — Fri, 08 May 2026 05:21:05 +0000

Energy sector stocks traded mixed on May 8, 2026, amid a slightly negative broader market. The S&P BSE OIL & GAS Index stood at 27,533.8, down 0.6%. The S&P BSE Energy Index declined 0.57%, while the Nifty 50 was at 24,230.75, down 0.39%.

Key Highlights (as of 10:37–10:39 AM IST)

Major Gainers:

MRPL rose sharply with BSE price at ₹166.45 (+7.11%) and NSE at ₹166.97 (+7.48%).
K.P. ENERGY gained 1.89% on BSE to ₹415.15 (not listed on NSE in the update).
CHENNAI PETROLEUM was up 1.01% on BSE at ₹1,087.05 and 1.20% on NSE at ₹1,089.10.
LINDE INDIA advanced 0.60% on BSE to ₹7,900.05.

Major Losers:

GUJARAT GAS COMPANY fell 2.11% on BSE to ₹745.60.
GUJ. STATE PETRONET declined 2.07% on BSE to ₹290.95.
INDRAPRASTHA GAS dropped 1.82% on BSE to ₹166.80.
MAHANAGAR GAS was down 1.67% on BSE at ₹1,160.50.

Energy Stocks Price List – May 8, 2026

SCRIP	BSE Price (₹)	BSE Change	NSE Price (₹)	NSE Change
BHARAT COKING COAL LTD.	33.21	-0.48%	33.22	-0.39%
BPCL	304.50	-1.01%	304.60	-0.98%
CASTROL INDIA	185.90	+0.19%	185.98	+0.25%
CHENNAI PETROLEUM	1,087.05	+1.01%	1,089.10	+1.20%
CONFIDENCE PETROLEUM	54.20	-1.45%	Not Listed	–
DEEP INDUSTRIES	465.95	+0.20%	466.10	+0.16%
GAIL	167.70	+0.15%	167.55	+0.17%
GUJ. STATE PETRONET	290.95	-2.07%	290.75	-2.02%
GUJARAT GAS COMPANY	745.60	-2.11%	743.10	-2.28%
GULF OIL LUBRICANTS	999.10	-0.75%	997.10	-0.96%
HIND.OIL EXP	163.10	-0.61%	163.39	-0.50%
HPCL	391.90	-1.10%	392.45	-1.02%
INDRAPRASTHA GAS	166.80	-1.82%	166.56	-1.93%
INOX GREEN ENERGY	190.10	-1.30%	190.10	-1.40%
IOC	145.40	-0.99%	145.60	-0.88%
K.P. ENERGY	415.15	+1.89%	Not Listed	–
LINDE INDIA	7,900.05	+0.60%	7,891.00	+0.55%
MAHANAGAR GAS	1,160.50	-1.67%	1,159.80	-1.70%
MRPL	166.45	+7.11%	166.97	+7.48%
OIL INDIA	452.90	0.00%	453.20	+0.08%
ONGC	281.20	-0.97%	281.60	-0.81%
PETRONET LNG	282.60	+0.27%	282.50	+0.14%
RELIANCE IND.	1,431.00	-0.33%	1,430.90	-0.37%
SELAN EXPLOR	669.95	+0.19%	666.75	-0.34%
SUZLON ENERGY	55.71	+0.11%	55.67	+0.04%
VEEDOL CORPORATION	1,463.10	-0.51%	1,460.10	-1.06%

Data timestamp: BSE prices as of 10:37:00 AM, NSE prices as of 10:39:59 AM on May 8, 2026.

Broader Market Context

Most large-cap energy stocks including Reliance Industries, ONGC, IOC, HPCL, and BPCL saw modest declines ranging from 0.3% to 1.1%. Mid and small-cap stocks showed more volatility, with selective buying in MRPL and a few others.

This article provides factual updates on energy sector stocks performance for May 8, 2026. Stock prices fluctuate throughout the trading day. Investors should verify latest prices on official exchanges (BSE/NSE) before making decisions.

Metal sector stocks down today, May 8: Coal India falls 1.7%, Jindal Steel down 1.35%, Hindalco drops 1.28%

Aman Shukla — Fri, 08 May 2026 05:08:40 +0000

Most metal sector stocks traded lower in the morning session on May 8, 2026, tracking mild weakness in broader market indices. As of approximately 10:20–10:30 AM IST, the Nifty 50 was down 0.49% at 24,206.80, while the BSE Sensex declined 0.39% to 77,537.23.

Key Metal & Mining Stocks Performance (May 8, 2026)

Company	BSE Price (₹)	BSE Change (%)	NSE Price (₹)	NSE Change (%)
APL Apollo Tubes	1,954.50	-0.93	1,953.20	-1.04
Coal India	460.75	-1.21	458.30	-1.79
Hindalco Industries	1,045.50	-0.95	1,042.20	-1.28
Hindustan Zinc	635.80	-0.02	635.10	-0.23
Jain Resource Recycling Ltd.	534.10	+5.88	536.55	+6.42
Jindal Steel & Power	1,246.05	-0.99	1,241.20	-1.35
JSW Steel	1,273.90	-0.73	1,270.00	-1.04
Maithan Alloys	1,026.00	+0.39	1,022.35	-0.12
MOIL	313.15	-1.07	312.55	-1.28
NALCO	400.75	-0.82	399.65	-0.95
NMDC	89.34	-0.95	89.20	-1.04
SAIL	185.85	-0.80	185.43	-0.99
Tata Steel	215.70	-0.62	215.06	-0.94
Vedanta	303.40	-0.64	303.20	-0.72
Welspun Corp	1,309.40	+0.77	1,288.20	-0.85

Note: Prices and changes are as of May 8, 2026, around 10:19–10:29 AM IST. BSE and NSE values may differ slightly due to timing.

Top Gainers in the List

Jain Resource Recycling Ltd. rose sharply with +5.88% on BSE and +6.42% on NSE.
Welspun Corp gained +0.77% on BSE.
Maithan Alloys was up +0.39% on BSE.

Top Losers in the List

Several stocks declined between 0.6% and 1.8%, led by:

Coal India (down up to 1.79% on NSE)
Jindal Steel & Power (down up to 1.35% on NSE)
Hindalco (down up to 1.28% on NSE)

This data is for information purposes only and is based on the provided intraday figures. Always verify latest prices on official exchanges (BSE/NSE) before making any investment decisions.

Two Indian crew members among 149 on hantavirus-hit ship; WHO confirms 5 cases, 3 passengers dead

Aditya Bhagchandani — Fri, 08 May 2026 05:05:40 +0000

Two Indian crew members are among the 149 people aboard the MV Hondius, a Dutch luxury expedition vessel stranded in the Atlantic Ocean following a deadly outbreak of hantavirus that has killed three passengers and infected at least eight people. The World Health Organisation has confirmed five cases of the virus on the ship while maintaining that the overall public health risk to the general population remains low.

The ship, operated by Dutch polar travel company Oceanwide Expeditions, departed the southern tip of Argentina on April 1 with 149 passengers and crew from 23 nationalities. India Today TV obtained a nationality-wise breakdown from the company confirming two Indian nationals among the crew. Their roles on the ship, their current health status, and whether either has had contact with infected passengers have not been disclosed.

How did hantavirus reach the MV Hondius?

Argentine investigators believe the outbreak traces back to a birdwatching excursion in Ushuaia, the southernmost city on Earth, where a Dutch couple likely inhaled microscopic particles from infected rodent droppings. The couple had no symptoms when they boarded the ship.

The first passenger died on April 11, with the cause of death unable to be determined on board. His body was disembarked at St Helena on April 24, with his wife accompanying the repatriation — she later fell ill during the return journey and died as well. Both were Dutch nationals. On April 27, a third passenger fell critically ill and was medically evacuated to Johannesburg, where they are being treated in intensive care in a critical but stable condition, with a variant of hantavirus confirmed in this patient. A German national died on board on May 2, by which point the WHO had been alerted and the ship was ordered to halt at Cape Verde.

Where is the MV Hondius now?

The ship has since left Cape Verde and is heading to Tenerife in Spain’s Canary Islands, where remaining passengers are expected to disembark on May 11. Three critically ill patients have been evacuated by air ambulance. Health authorities across Europe are racing to trace over 80 passengers who shared a commercial flight with one of the victims before she had been diagnosed.

What is the hantavirus Andes strain and how does it spread?

The strain identified on the MV Hondius is the Andes strain, one of the few hantavirus variants known to be capable of human-to-human transmission. Critically, transmission requires very close physical contact — sharing a cabin, a bunk, or providing unprotected medical care — and does not spread through the air in ordinary social settings. Of the 149 people on board who lived together for weeks, only eight fell ill, which WHO officials say underscores the limited transmission risk.

WHO Director Maria Van Kerkhove clarified that close contact in this context means sharing sleeping quarters or providing medical care without protection. WHO Director General Tedros Adhanom Ghebreyesus confirmed on May 6 that the public health risk remains low, a position he reiterated on May 7. However, he flagged a critical caveat: hantavirus has an incubation period of up to six weeks, meaning additional cases could emerge well after the ship has docked and passengers have dispersed to their home countries.

This is a developing story. Business Upturn will update this report as new information becomes available.

IT sector stocks today, May 8: Firstsource Solutions surges 7.57%, Sonata Software up 7.42%, Coforge rises 4%

Aman Shukla — Fri, 08 May 2026 04:46:44 +0000

IT sector shows mild gains in early trading on May 8, 2026, while the broader market declined. The S&P BSE IT index rose 0.63% to 28,425.89, compared to the Nifty 50 which fell 0.54% to 24,196.10 and the BSE Sensex down 0.57% to 77,401.48.

Top Gainers in IT Sector (as of ~10:07-10:10 AM)

Firstsource Solutions: +7.63% (BSE 253.20) / +7.57% (NSE 252.99)
Sonata Software: +7.23% (BSE 290.65) / +7.42% (NSE 290.85)
Hinduja Global Solutions: +5.64% (BSE 445.75) / +4.43% (NSE 440.70)
Coforge: +4.02% (BSE 1,336.60) / +3.99% (NSE 1,336.60)
Cigniti Technologies: +3.87% (BSE 1,327.25) / +3.63% (NSE 1,325.60)
R Systems International: +3.61% (BSE 313.20) / +3.42% (NSE 313.10)
Intellect Design Arena: +2.25% (BSE 798.35) / +1.98% (NSE 797.60)
Eclerx Services: +2.05% (BSE 1,624.80) / +1.86% (NSE 1,623.40)

Other Notable Movers

Persistent Systems: +1.65% (BSE 5,065.40)
L&T Technology Services: +0.71% (BSE 3,794.70)
LTIMindtree: +1.37% (BSE 4,305.70)
Tech Mahindra: +1.06% (BSE 1,463.45)
HCL Technologies: +0.72% (BSE 1,192.00)
Infosys: +0.69% (BSE 1,170.50)

Stocks Declining Today

Route Mobile: -3.30% (BSE 556.25) / -3.66% (NSE 556.50)
Happiest Minds Technologies: -1.11% (BSE 384.30) / -1.13% (NSE 383.85)
Tanla Platforms: -0.96% (BSE 568.65)
TCS: -0.52% (BSE 2,389.15)
Wipro: -0.23% (BSE 196.90)

Mid and Small Cap IT Stocks Performance Snapshot

63 Moons Technologies: -0.09% to -0.65%
Accelya Solutions: +0.26% to +0.55%
Aurionpro Solutions: +1.17%
Birlasoft: +0.44% to +0.52%
Black Box: +0.79% to +1.53%
Cyient: +0.40% to +0.58%
Mphasis: +0.27% to +0.45%
Tata Elxsi: +0.64% to +0.81%
Zensar Technologies: +1.30% to +1.34%

Note: All prices and percentage changes are as of approximately 10:07 AM (BSE) and 10:09 AM (NSE) on May 8, 2026. Stock prices fluctuate continuously during market hours.

Key Large Cap IT Stocks

Infosys: Trading at ₹1,169–1,170 with marginal gains.
TCS: Trading at ₹2,384–2,389 with minor decline.
HCL Technologies: Showing modest positive movement.
Tech Mahindra and Persistent Systems also posted steady gains in morning trade.

This data reflects real-time market movements for Indian IT companies listed on BSE and NSE. For latest updates, refer to official stock exchange websites or trading platforms.