Global markets traded mixed as weak US and European futures contrasted with strong Asian momentum led by Nikkei and Kospi gains. Gift Nifty indicated a positive opening despite continued FII selling and a record-low rupee. Investors await key earnings today, while commodities remained volatile with firm crude prices and softer precious metals.
Global Market Futures (as of 06:20 AM IST)
US Market (Futures)
- Nasdaq: -0.56%
- Dow Jones: -0.29%
- S&P 500: -0.39%
European (Futures)
- Ftse 100: -0.02%
- Cac 40: -0.03%
- Dax: -0.09%
Asian
- NIKKEI 225: +3.03%
- KOSPI: +5.75%
- ASX 200: +1.66%
Gift Nifty (Prev. Close): 23858.00 (+0.82%)
FII and DII Trading Activity May 20, 2026 in Cash Market Segment:
FIIs / FPIs: Net Sell of ₹1597.35 crores
DIIs: Net Buy of ₹1968.35 crores
Key Results Today:
ITC, LG Electronics India, Life Insurance Corporation of India, FSN E-Commerce Ventures Nykaa, Aurobindo Pharma, Gail (India), Honasa Consumer, Dr Agarwals Health Care, Ashoka Buildcon, Bikaji Foods International, Emami, Engineers India, ICRA, JSW Cement, Max Healthcare Institute, Prestige Estates Projects, Rashtriya Chemicals and Fertilizers, Sun TV Network, VA Tech Wabag, Welspun Corp, and WeWork India Management will release their quarterly earnings today.
Commodity Market Updates:
International commodity markets traded mixed with a cautious undertone amid persistent geopolitical concerns and fluctuating demand expectations. Gold prices remained subdued near 4,544.80, while XAU/USD traded at 4,543.29, reflecting mild pressure from a stronger dollar environment and profit booking in safe-haven assets. Silver also edged lower to 76.055. Base metals remained stable, with Copper trading marginally higher at 6.3363, supported by expectations of improving industrial demand. Energy markets stayed firm, as WTI crude oil rose to 99.29 and Brent crude gained to 105.85 amid ongoing supply-side concerns and geopolitical tensions. Natural Gas prices also moved higher to 3.040, supported by tightening supply expectations and improved near-term demand outlook.
Key Corporate Updates:
Positive:
- eClerx: The company announced the unification of its AI leadership structure aimed at delivering outcome-driven AI solutions and accelerating enterprise-scale deployment capabilities across global clients.
- Central Mine Planning & Design Institute (CMPDI): CMPDI approved a draft Memorandum of Understanding with NTPC Mining and also signed an MoU for consultancy services related to mine development and mining operations, strengthening its project and advisory pipeline.
- RRP Defense: The company secured a new order valued at ₹298.4 million from Bharat Electronics Ltd (BEL) boosting order book visibility in the defence manufacturing segment.
- Capacite Infraprojects: Reported Q4 consolidated revenue from operations of ₹7.12 billion and consolidated net profit of ₹467.3 million, reflecting continued execution momentum in the construction and infrastructure business.
- Protean eGov Technologies: Reported Q4 consolidated revenue from operations of ₹3.08 billion and net profit of ₹303.8 million. The company also announced a dividend of ₹10 per share and appointed Ajay Rajan as Managing Director & CEO.
- Saatvik Green Energy: Posted strong Q4 consolidated revenue of ₹16.08 billion along with consolidated net profit of ₹606.1 million, supported by healthy demand in the renewable energy business.
- JK Cement: Received a Letter of Intent for grant of mining lease for the Dommarnandyala Block-3 limestone block, which is expected to strengthen long-term raw material security.
- Arvind SmartSpaces: Reported Q4 consolidated revenue from operations of ₹1.55 billion and consolidated net profit of ₹423.2 million. The company recommended a final dividend of ₹2.25 per share, proposed raising up to ₹3 billion through debt securities, and announced plans to create an investment platform with HDFC Capital Advisors with investment potential of up to ₹1.25 billion.
- Gravita India: Increased the capacity of its lead recycling unit at Phagi, Jaipur by 40,500 MTPA, expanding recycling and manufacturing capabilities.
- IndusInd Bank / Moody’s: Moody’s affirmed the bank’s ratings and revised the outlook to “Stable” from “Negative”, citing stabilisation in senior leadership, easing funding and liquidity pressures, gradual profitability improvement and moderate balance sheet growth outlook over the next 12–18 months.
- Metro Brands: Reported Q4 consolidated revenue from operations of ₹7.73 billion and consolidated net profit of ₹1.17 billion. The board also declared a dividend of ₹3 per share.
- Pace Digitek: Secured a contract valued at ₹2.65 billion, providing visibility for future revenues.
- Indo Tech Transformers: Reported Q4 revenue from operations of ₹2.39 billion and PAT of ₹239.2 million, supported by demand in the transformer and power equipment segment.
- Rail Vikas Nigam (RVNL): Emerged as the lowest bidder for a project worth ₹1.64 billion, strengthening its railway infrastructure order pipeline.
- GPT Infraprojects: Reported Q4 consolidated revenue from operations of ₹4.15 billion and consolidated net profit of ₹318.8 million. The company also declared a third interim dividend of ₹1 per share for FY26.
- JNK India: Posted Q4 consolidated revenue from operations of ₹3.38 billion and consolidated net profit of ₹326.5 million, reflecting healthy execution in industrial engineering operations.
- Puravankara / Starworth Infrastructure: Starworth Infrastructure received a Letter of Intent for the Embassy Eden project in Bengaluru with contract value of ₹1.33 billion.
- JK Lakshmi Cement: Reported Q4 consolidated revenue from operations of ₹19.02 billion and consolidated net profit of ₹1.24 billion. The company also recommended a dividend of ₹6.50 per share for FY26.
- Talbros Automotive Components: Reported Q4 consolidated revenue from operations of ₹2.37 billion and consolidated net profit of ₹316.2 million, supported by stable auto component demand.
- Action Construction Equipment (ACE): Reported Q4 consolidated revenue from operations of ₹10.29 billion and consolidated net profit of ₹1.11 billion. The board recommended a dividend of ₹2 per share for FY26.
- Apollo Hospitals: Reported Q4 consolidated revenue from operations of ₹66.05 billion and consolidated net profit of ₹5.29 billion, exceeding market estimates. The company approved restructuring transactions involving Apollo Health and Lifestyle (AHLL) and Kids Clinic India, including stake divestment in Apollo Specialty and Apollo Fertility Centre. Apollo Hospitals also approved merger of Apollo Hospitals North into the company and declared dividend of ₹10 per share.
- Bosch: Reported Q4 revenue from operations of ₹55.66 billion and net profit of ₹5.69 billion. The company also announced formation of a joint venture in India with Wheels India and Brakes India for development and production of commercial vehicle solutions. Bosch declared a dividend of ₹270 per share.
- Rajshree Sugars & Chemicals: Reported Q4 revenue from operations of ₹1.89 billion and profit of ₹316.4 million.
- Garware Technical Fibres: Reported Q4 consolidated revenue from operations of ₹4.26 billion and consolidated net profit of ₹572.6 million. The company approved reappointment of V.R. Garware as Chairman & Managing Director for five years from December 1, 2026, declared interim dividend of ₹8 per share and recommended final dividend of ₹1 per share.
- Vodafone Idea: Announced investment of ₹43.3 million for acquisition of not less than 26% stake in MTK Quantum Green Energy. The company also entered into a power purchase agreement and share purchase agreement to support renewable energy sourcing.
- LMW: Reported Q4 consolidated revenue from operations of ₹9.33 billion and PAT of ₹636.9 million. The board approved reappointment of Sanjay Jayavarthanavelu as Managing Director for another five-year term from April 1, 2027, and declared dividend of ₹35 per share.
- International Gemmological Institute (India): Reported Q4 consolidated revenue from operations of ₹3.69 billion and consolidated net profit of ₹1.8 billion.
- Honeywell Automation India: Reported Q4 revenue from operations of ₹11.81 billion and profit of ₹1.6 billion. The company appointed Satish Agarwal as CFO and declared dividend of ₹110 per share.
- Whirlpool of India: Reported Q4 consolidated revenue from operations of ₹21.81 billion and consolidated net profit of ₹802 million. The company also declared dividend of ₹5 per share.
- Dr. Reddy’s Laboratories: Announced launch of oral semaglutide biosimilar “Obeda” in India. The company priced the tablets at ₹99, ₹135 and ₹225 for 3 mg, 7 mg and 14 mg doses respectively.
- TeamLease Services: Reported Q4 consolidated revenue from operations of ₹29.25 billion and consolidated net profit of ₹439.1 million. The company approved buyback of equity shares worth up to ₹2.38 billion at a price of ₹1,600 per share.
- Glenmark Pharma / Ichnos Glenmark Innovation (IGI): Announced a new development candidate, ISB 2301, a first-in-class multispecific immune cell activator targeting solid tumours, strengthening its oncology innovation pipeline.
- Aditya Birla Capital: Approved preferential issue of shares worth up to ₹40 billion to Grasim Industries, Suryaja Investments and International Finance Corporation (IFC) to strengthen capital position.
- Ultramarine & Pigments: Reported Q4 consolidated revenue from operations of ₹1.99 billion and consolidated profit of ₹141.5 million. The company declared dividend of ₹6 per share.
- Jubilant FoodWorks: Reported Q4 consolidated revenue from operations of ₹24.99 billion and consolidated net profit of ₹797.9 million. The board recommended dividend of ₹1.20 per share for FY26.
- Sanghvi Movers: Reported Q4 consolidated revenue from operations of ₹3.51 billion and consolidated net profit of ₹687.9 million. The company declared dividend of ₹2 per share.
- Vishal Fabrics: Reported Q4 consolidated revenue from operations of ₹3.48 billion and profit from continuing operations of ₹89.3 million.
- Restaurant Brands Asia: Competition Commission of India approved acquisition of stake in the company by Lenexis Foodworks, Aayush Agrawal Trust and other entities.
- Oriental Aromatics: Reported Q4 consolidated revenue from operations of ₹2.82 billion and consolidated net profit of ₹39.9 million.
- Prima Plastics: Recommended final dividend of ₹2 per share for FY26.
- KIFS Financial Services: Recommended final dividend of ₹1.55 per share for FY26.
- S.P. Apparels: Reported Q4 consolidated revenue from operations of ₹3.65 billion and PAT of ₹185.9 million.
- DCM Shriram Industries: Reported Q4 revenue from operations of ₹2.74 billion and net profit of ₹159.1 million. The company also reappointed Vineet Manaktala as CFO.
- Vibhor Steel Tubes: Reported Q4 revenue from operations of ₹3.35 billion and net profit of ₹25.7 million.
Negative:
- Embassy Developments: Reported consolidated net loss of ₹3.24 billion for Q4, reflecting continued pressure on profitability.
- MIRC Electronics: Reported Q4 revenue from operations of ₹1.44 billion while posting loss after tax of ₹473.6 million.
- IndiQube Spaces: Reported Q4 revenue from operations of ₹4.01 billion and net loss of ₹226.5 million.
- Sammaan Capital: Reported Q4 consolidated total revenue from operations of ₹13.58 billion but posted a consolidated net loss of ₹81.01 billion.
- Kwality Wall’s India: Reported Q4 total income of ₹4.86 billion and net loss of ₹1.07 billion.
- HG Infra Engineering: Removed Nagpur-Chandrapur projects from its order book until further clarity emerges on project execution and developments.
- Shreyans Industries: Reported Q4 revenue from operations of ₹1.68 billion and net loss of ₹104.8 million. The company, however, declared dividend of ₹1.5 per share.
- Ola Electric: Stated that gross margins may moderate in Q1 and Q2 FY27 due to geopolitical uncertainties and commodity inflation pressures.
- Indian Rupee: The rupee ended at a record closing low of 96.82 against the US dollar, weakening 0.3% during the session.
Neutral:
- Borosil: Appointed Rituraj Sharma as CEO while redesignating Shreevar Kheruka as Managing Director.
- LT Elevator: Approved fundraising plans of up to ₹500 million.
- IDBI Bank: Incorporated IDBI Foundation as a wholly owned subsidiary.
- Reliance Industries / RISE Worldwide: Major League Baseball partnered with RISE Worldwide, a Reliance Industries-backed entity, to support and expand baseball development in India.
- Reliance Industries: Step-down subsidiary Roptonal in Cyprus commenced voluntary liquidation proceedings.
- Arihant Academy: Increased profit-sharing and voting rights in ZEAL from 25.5% to 51% after entering a supplementary agreement with Zen Education and Learning and partners.
- Raymond: Board to consider proposal for fundraising through shares and convertible securities on May 25, 2026.
- Kaya: Appointed Brijesh Goyal as CFO effective July 11, 2026.
- Ashiana Housing: To consider issuance of secured and unsecured NCDs or bonds through private placement aggregating up to ₹1.5 billion.
- Karur Vysya Bank: Retained one-year MCLR unchanged at 9.15%.
- Simplex Castings: Board to consider proposal for equity share split.
- Ola Electric: Said Q4 was a low-volume quarter but reflected operational reset progress. The company expects Q1 FY27 orders of 40,000–45,000 units, further reduction in quarterly opex towards ₹3.5 billion, no major incremental auto capex in FY27 and expansion of gigafactory capacity to 20 GWh by early next year through capital raise at the cell entity level.
Macro, Non-Corporate, Unlisted and Foreign Stocks:
1) Reserve Bank of India (RBI) Loan Recovery Framework: RBI issued revised draft directions on conduct of regulated entities in loan recovery. The draft proposes allowing lenders financing mobile devices to disable certain non-essential mobile functionalities in case of defaults while ensuring critical functions such as internet access, incoming calls and emergency SOS services remain active. RBI also proposed compensation of ₹250 per hour payable by banks in case of wrongful restrictions.
2) RBI Liquidity Measures: RBI announced a USD/INR buy-sell swap auction worth $5 billion for a tenor of three years to inject long-term liquidity into the banking system. The auction is scheduled for May 26, 2026.
3) RBI Currency and Reserve Money: Currency in circulation increased by ₹288.94 billion to ₹42.83 trillion in the fortnight ended May 15. Currency growth stood at 11.5% year-on-year compared to 7.2% growth a year earlier, while reserve money growth was 5.6% year-on-year versus 5.4% last year.
4) RBI Treasury Bills: RBI reported partial allotment ratios of 25.9% for 91-day treasury bills, 82.67% for 182-day treasury bills and 21% for 364-day treasury bill auctions.
5) SEBI Mutual Funds: SEBI proposed enabling donations through mutual funds with safeguards, allowing trail commissions to distributors through mutual fund units, salary deduction-based mutual fund investments for AMC employees and third-party payments in certain mutual fund scenarios.
6) India Infrastructure Output: India’s infrastructure output growth slowed to 1.7% year-on-year in April as per government data.
7) India Bond Market: India’s benchmark 10-year government bond yield closed at 7.0761% compared to previous close of 7.1101%.
8) Moody’s Southern Gas Capital: Moody’s Ratings assigned Baa2 rating to Southern Gas Capital’s proposed junior subordinated notes.
9) DiaSorin: Management indicated plans to develop a dedicated strategy for the Japanese market and resume previously paused investments in Saudi Arabia, including localisation of production facilities. The company also stated that Middle geopolitical conflict negatively impacted Q1 performance outside Italy, Japan and the US, with some offset from growth in Australia, India, Mexico and Brazil. Management expects part of the pressure to continue into 2026.
10) Boston Metal: Raised fresh capital taking total funding raised to over $500 million. Tata Steel joined the latest funding round.
On-going IPO
Last Date 21-May
Teamtech Formwork Solutions Ltd (NSE SME)
Last Date 22-May
Harikanta Overseas Ltd (BSE SME)
Vegorama Punjabi Angitihi Ltd (BSE SME)
Last Date 25-May
Bio Medica Laboratories Ltd (NSE SME)
Q-Line Biotech Ltd (NSE SME)
Upcoming IPO
22-May to 26-May
M R Maniveni Foods Ltd (BSE SME)
Securities Trading Ex-Dividend on May 21, 2026
GM Breweries Ltd, ITC Hotels Ltd, Pearl Global Industries Ltd
Securities Trading Ex-Right Issue of Equity Shares on May 21, 2026
AVG Logistics Ltd
Securities Under F&O Ban on May 21, 2026
SAIL, KAYNES
Source: WOWNEWS24X7, Moneycontrol, Investing.com
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