Global markets traded mixed with strong gains in Japan, while Gift Nifty signaled weakness. FIIs remained net sellers, offset by strong DII buying. Commodities stayed firm, led by gold and crude. Corporate earnings were broadly positive with strong results from Bajaj Auto, Paytm, Brigade, and Blue Star, while UltraTech, Raymond Lifestyle, and Meesho faced pressure.
Global Market Futures (as of 06:40 AM IST)
US Market (Futures)
- Nasdaq: -0.24%
- Dow Jones: +0.06%
- S&P 500: -0.10%
European (Futures)
- Ftse 100: -0.03%
- Cac 40-: +0.03%
- Dax : -0.12%
Asian:
- NIKKEI 225: +4.60%
- KOSPI: -1.11%
- Taiwan Weighted Index: +1.70%
- ASX 200: +0.73%
Gift Nifty (Prev Close): 24455.00 (-0.41%)
FII and DII Trading Activity May 6, 2026 in Cash Market Segment:
FIIs / FPIs: Net Sell of ₹5834.90 crores
DIIs: Net Buy of ₹6836.87 crores
Key Results Today:
Thermax, Vardhman Textiles, Vikram Solar, Thyrocare Technologies, V-Mart Retail, Pidilite Industries, Prudent Corporate Advisory Services, Sonata Software, Shakti Pumps (India), RattanIndia Power, Lupin, Indraprastha Gas, Mahanagar Gas, Kirloskar Ferrous Industries, NOCIL, BSE Limited, Dabur India, Gravita India
Commodity Market Updates
International commodity markets traded mixed with a positive bias. Gold prices strengthened to USD 4,706.90, up 12.60 points (+0.27%), while XAU/USD traded at USD 4,697.96, gaining 6.91 points (+0.15%). Silver outperformed among metals, rising to USD 77.935, up 0.632 points (+0.82%). In base metals, Copper slipped marginally to USD 6.1825, down 0.0108 points (-0.17%). Energy markets remained firm as WTI Crude Oil advanced to USD 96.28 per barrel, up 1.20 points (+1.26%), while Brent Crude Oil traded at USD 102.29 per barrel, gaining 0.27 points (+0.26%). Natural Gas remained largely steady at USD 2.723, posting marginal gains of 0.04%.
Key Corporate Updates:
Positive:
- HDFC Bank: RBI approved the HDFC Bank Group to acquire up to 9.95% stake each in ICICI Bank and Kotak Mahindra Bank, enabling strategic investments in two large private-sector banking peers.
- Hexaware: Reported Q1 CY26 revenue of USD 388.5 million, up 4.6% YoY, with EPS rising 7.2% YoY to ₹5.77, reflecting steady growth momentum.
- Aptus Value Housing Finance: Reported March-quarter consolidated revenue from operations of ₹5.74 billion and profit of ₹2.61 billion; also declared a dividend of ₹2.50 per share and proposed NCD issuance.
- Rossell Techsys: Received an order for manufacturing electrical wire harnesses, strengthening its aerospace and defence manufacturing order book.
- Gandhar Oil Refinery: Completed purchase of a land parcel for ₹227.8 million, supporting future expansion plans.
- Motherson: ADIO partnered with Motherson to develop a large-scale automotive manufacturing facility in KEZAD; the facility will serve as a regional manufacturing and export base, produce automotive components, and create over 1,000 jobs.
- Paytm: Reported Q4 consolidated revenue from operations of ₹22.64 billion and net profit of ₹1.84 billion; the company clarified there is no financial or business impact from cancellation of Paytm Payments Bank’s banking licence.
- eMudhra: Reported March-quarter consolidated operating income of ₹1.97 billion and net profit of ₹289.6 million; recommended dividend of ₹1.25 per share.
- Muthoot Microfin: Reported March-quarter revenue from operations of ₹6.32 billion and net profit of ₹711.2 million.
- RM Drip & Sprinklers: Unit Brahmannand Pipes entered an MoU with the Maharashtra government and proposed ₹1 billion investment for expansion in the state.
- Mahindra Lifespace: Launched ‘Mahindra Beaconhill’ residential tower in South Mumbai with potential gross development value of around ₹16.50 billion.
- Waaree Energies: Unit entered into a power purchase agreement for a 300 MW wind project in Dwarka, Gujarat.
- Arvind: Arvind Advanced Materials entered the USA market through acquisition of Dalco, supporting international expansion.
- Brigade Enterprises: Reported March-quarter consolidated revenue from operations of ₹14.58 billion and net profit of ₹1.45 billion; recommended ₹2 per share dividend and proposed bonus equity shares.
- Bajaj Auto: Reported Q4 revenue from operations of ₹160.06 billion versus IBES estimate of ₹157.32 billion and profit of ₹27.46 billion versus estimate of ₹25.24 billion; approved buyback worth up to ₹56.33 billion at ₹12,000 per share and declared ₹150 per share dividend.
- Omaxe: Unit received RERA registration certificates for two projects, enabling project launches and sales execution.
- Privi Speciality Chemicals: Received BSE’s no-objection observation letter for its amalgamation scheme.
- Home First Finance: Reported March-quarter revenue from operations of ₹5.01 billion and PAT of ₹1.49 billion; declared ₹5.20 per share dividend and approved NCD issuance worth up to ₹10 billion.
- Dabur: Dabur International will incorporate a wholly owned subsidiary in the USA, supporting overseas business expansion.
- Midwest: Selected as lead consortium partner for a strategic rare earth elements pilot project, positioning the company in a critical minerals opportunity.
- Apcotex Industries: Reported March-quarter revenue from operations of ₹3.98 billion and net PAT of ₹347.4 million; recommended final dividend of ₹5.50 per share.
- RSWM: Reported March-quarter consolidated revenue from operations of ₹11.42 billion and net profit of ₹338.4 million.
- CESC: Reported March-quarter consolidated revenue from operations of ₹40.96 billion and net profit of ₹4.39 billion.
- Bharat Seats: Reported March-quarter revenue from operations of ₹5.74 billion and profit of ₹132.5 million; declared ₹1.50 per share dividend and approved capex of about ₹866.1 million for new Maruti Suzuki programmes.
- PB Fintech: Reported Q4 consolidated revenue from operations of ₹20.61 billion and net profit of ₹2.61 billion; also authorised investment of up to ₹50 million.
- Birlasoft: Reported March-quarter consolidated revenue from operations of ₹13.49 billion and net profit of ₹1.76 billion; recommended final dividend of ₹4 per share.
- Shree Cement: Reported Q4 revenue from operations of ₹56.43 billion and profit of ₹5.32 billion; declared final dividend of ₹70 per share.
- Blue Star: Reported Q4 consolidated net profit of ₹2.27 billion, above IBES estimate of ₹1.92 billion; recommended final dividend of ₹8.50 per share.
- Vimta Labs: Reported March-quarter revenue from operations of ₹1.09 billion and profit from continuing operations of ₹211.1 million; recommended dividend of ₹2 per share.
- Allied Blenders & Distillers: Received approval enabling a greenfield IMFL bottling plant in Andhra Pradesh with 4.65 million cases capacity.
- Greaves Cotton: Reported March-quarter consolidated revenue from operations of ₹10 billion and net profit of ₹225.4 million; recommended dividend of ₹2 per share.
- Zaggle Prepaid Ocean Services: Entered into an agreement with Supreme Industries, indicating continued client addition momentum.
- Sunita Tools: Unit acquired 51% ownership in New Mold Innovations LLC, USA, for USD 419,000, supporting international expansion.
- Godrej Consumer Products: Reported Q4 consolidated net profit of ₹4.52 billion versus IBES estimate of ₹5.26 billion, indicating earnings below market expectations despite dividend announcement.
- Blue Star: Q4 consolidated revenue from operations stood at ₹40.72 billion, below IBES estimate of ₹44.27 billion, although profit exceeded expectations.
- Tamilnadu Petroproducts: Resumed PO plant operations from May 6.
- Sula Vineyards: Reported Q4 consolidated revenue from operations of ₹1.43 billion and net profit of ₹85.9 million; recommended final dividend of ₹2 per share.
- Tanfac Industries: Reported March-quarter revenue from operations of ₹1.93 billion and profit of ₹180.4 million; declared dividend of ₹4.50 per share.
- Snowman Logistics: Reported March-quarter revenue from operations of ₹1.42 billion and profit of ₹55.4 million.
- Panasonic Carbon India: Declared dividend of ₹12 per share.
Negative:
- Raymond Lifestyle: Reported March-quarter consolidated revenue from operations of ₹17.76 billion but posted consolidated loss of ₹520.6 million.
- UltraTech Cement: Received tax demand of ₹8.09 billion, creating a potential contingent liability and regulatory overhang.
- Kansai Nerolac: Stated that raw material costs rose sharply in Q4 due to the West Asia crisis, indicating margin pressure.
- Meesho: Reported Q4 consolidated net loss of ₹1.66 billion and flagged that the macro environment heading into FY27 is more uncertain than it has been in a while.
- Zee Media Corporation: Three FPIs declined to exercise the conversion option on outstanding warrants, indicating reduced investor participation.
- McNally Bharat Engineering: CFO Rupayan Majumdar tendered resignation, effective May 30, 2026.
- SVS Ventures: Viral Patel resigned as CFO, effective May 6, 2026.
Neutral
- Zee Entertainment: Filed a suit seeking USD 3 million damages from the Reliance-Disney joint venture for alleged music copyright infringement.
- JSW Energy: Units JSW Hydro Energy and JSW Energy Kutehr filed writ petitions before the High Court regarding levy of land revenue assessed as a percentage of average market value of hydroelectric projects.
- Jio Financial: Subscribed to 300 million shares of Jio Finance Platform and Service for ₹3 billion, reflecting intra-group capital deployment.
- Shipping Corporation: Signed an MoU with NBCC for maritime training institute upgrade.
- Sarla Performance Fibers: Board will consider a proposal for buyback of shares.
- TD Power Systems: Board will consider proposal for sub-division / split of equity shares.
- Godrej Consumer Products: Announced retirement of Nadir Godrej as non-executive non-independent director and re-appointment of Sudhir Sitapati as Managing Director; declared ₹5 per share dividend.
- HRS Aluglaze: Purchased assets from Geotrix for ₹67 million.
- Kabra Drugs: Approved expansion of pharmaceutical manufacturing capacity.
- EFORU Entertainment: Approved fund raising of up to ₹150 million.
Macro, Non-Corporate, Unlisted & Foreign Stocks
1) IEA / Canada: IEA’s Fatih Birol held a meeting with Mark Carney to discuss the current crisis in global energy markets and Canada’s steps to meet domestic and international energy demand.
2) RBI Liquidity: Reserve Bank of India will conduct a 4-day variable rate repo auction under LAF for ₹750 billion on May 7, 2026, aimed at managing system liquidity.
3) RBI Forex Regulations: Reserve Bank of India issued Foreign Exchange Management Regulations, 2026, including revised rules for authorised persons and permission for authorised dealers to appoint forex correspondents under a principal-agent model.
4) RBI Money Changers: Full-fledged money changers will remain part of the system if they maintain annual average forex turnover of ₹100 million; certain dealers will no longer need to transition to Authorised Dealer Category II.
5) India Fuel Sales: India’s April diesel sales rose 0.9% YoY and petrol sales rose 6.8% YoY, while total fuel sales declined 4.6% YoY to 19.30 million metric tonnes.
6) India Sugar Exports: India currently sees no need to curb sugar exports as the supply outlook remains comfortable despite lower output.
7) RBI Monetary Data: Currency in circulation grew 11.6% YoY in the fortnight ended April 30 versus 6.7% growth a year ago; reserve money grew 6.4% YoY versus 4.8% a year ago.
8) India Government Bonds: India’s 10-year benchmark government bond yield ended at 6.9219%, down from previous close of 7.0184%.
Bulk and Block Deals
Gravity India
Akalpya India Equity Fund bought 50,000 shares (0.06 percent) at ₹16.51 per share. At close, the stock was trading at ₹16.51, around 5 percent higher. The Mumbai-based company deals with manufacturing synthetic furnishing fabrics.
NITCO
Mathew Cyriac bought 20 lakh shares at ₹95.05 per share. At close, the stock was trading at ₹100, around 6 percent higher. NITCO is a Mumbai-based tiles & marble manufacturer.
Purple Wave
Mansukhbhai Kurjibhai Khunt sold 85,000 shares (0.92 percent) at ₹126 per share while Bhavna Hitesh Patel bought 55,000 shares (0.59 percent) at ₹126.34 per share. Shreni Shares offloaded around 1.62 lakh shares (1.75 percent).
Autoline Industries
IndiaNivesh Renaissance Fund sold 2.36 lakh shares (0.55 percent stake) at ₹80.50 per share. At close, the Maharashtra-based auto engineering firm was trading at ₹78.40 (1.42 percent stake)
Krishival Foods
India SME Growth Fund – Series 2 bought 30,000 shares at ₹115.08 per share.
Kotyark Industries
Promoter Bhaviniben Gaurang Shah sold 72,000 shares (0.70 percent) at ₹408.34. At close, the stock was trading at ₹405, around 1.45 percent lower. Prior to this Shah held around 50.26 percent stake.
On-going IPO:
Last Date 07-May
- Recode Studios Ltd (BSE SME)
- Bagmane Prime Office REIT
Upcoming IPO:
08-May to 12-May
Simca Advertising Ltd (NSE SME)
Securities Trading Ex-Dividend on May 7, 2026
Oracle Financial Services Software Ltd
Securities Trading Ex-Right Issue of Equity Shares on May 7, 2026
EFC (I) Ltd
Securities Under F&O Ban on May 7, 2026
NIL
Source: WOWNEWS24X7, Moneycontrol, Investing.com
Show more
