Global markets traded mixed with weak US futures and strong Asian cues led by Korea. FIIs remained net sellers while DIIs supported domestic equities. Crude oil surged on supply concerns, metals stayed stable and several Indian companies reported strong Q4 earnings. Key focus remains on earnings releases and regulatory developments.
Global Market Futures (as of 06:30 AM IST)
US Market (Futures)
- Nasdaq: -0.18%
- Dow Jones: -0.41%
- S&P 500: -0.31%
European (Futures)
- FTSE 100: +0.14%
- CAC 40: +0.14%
- DAX: -0.18%
Asian
- NIKKEI 225: +0.57%
- KOSPI: +4.32%
- ASX 200: -0.90%
Gift Nifty: 24159.00 (-0.41%)
FII and DII Trading Activity May 8, 2026 in Cash Market Segment
FIIs / FPIs: Net Sell of ₹4110.60 crores
DIIs: Net Buy of ₹6748.13 crores
Key Results Today
UPL, Canara Bank, Indian Hotels Company, Abbott India, Corona Remedies, Fractal Analytics, G R Infraprojects, GE Power India, JB Chemicals & Pharmaceuticals, JSW Energy, Mold-Tek Packaging, New India Assurance Company, Nuvama Wealth Management, PNGS Reva Diamond Jewellery, PVR Inox, Satin Creditcare Network, Shyam Metalics and Energy, and Syrma SGS Technology will release their quarterly earnings today.
Commodity Market Updates
International commodity markets showed mixed momentum today, with energy commodities rallying strongly while precious metals traded lower. Gold declined to 4,690.11, while XAU/USD slipped to 4,681.72, reflecting mild profit booking and cautious investor sentiment. Silver also eased to 80.470. In base metals, Copper edged higher to 6.3050, indicating stable industrial demand. Crude Oil prices surged sharply, with WTI Crude rising to 99.38 (+4.15%) and Brent Oil climbing to 105.04 (+3.70%), supported by supply concerns and stronger global energy demand expectations. Natural Gas advanced to 2.823, while Gasoline RBOB gained to 3.6063. Overall, the commodity complex remained driven by energy strength amid volatility in precious metals.
Key Corporate Updates
Positive
- Multi Commodity Exchange (MCX): Reported strong Q4FY26 performance with consolidated income from operations at ₹8.89 bn and consolidated net profit at ₹5.30 bn. The company also declared a dividend of ₹8 per share, reflecting healthy profitability and cash generation during the quarter.
- JSW Steel: Declared preferred bidder for the Pissijrlem Mineral Block No. XV in Goa after quoting the highest final offer price at 118.100% of the value of mineral dispatched, strengthening the company's long-term raw material security and mining portfolio.
- Shipping Corporation of India: Reported Q4FY26 consolidated revenue from operations of ₹15.13 bn and consolidated profit of ₹4.05 bn. The board also recommended a dividend of ₹1 per share.
- Dev Information Technology: Secured a new order worth ₹796.3 mn, supporting near-term revenue visibility and order book growth.
- Innomet Advanced Materials: Received an export order worth $1.6 mn, indicating continued traction in overseas business opportunities.
- Northern Arc Capital: Reported Q4FY26 consolidated total revenue from operations at ₹6.42 bn with consolidated net profit at ₹1.33 bn, reflecting stable business momentum.
- Artemis Medicare Services: Reported Q4FY26 consolidated revenue from operations of ₹2.79 bn and consolidated net profit of ₹300.3 mn, supported by healthy hospital operations.
- Carraro India: Obtained complete relief from a tax demand amounting to ₹63.7 mn, removing a contingent liability concern for the company.
- Sterlite Technologies (STL): Announced plans to invest up to $100 mn in the United States to strengthen manufacturing capacity for customers. The investment is expected to generate around 400–500 jobs in the US, supporting STL's global expansion strategy.
- Exato Technologies: Received two export orders from Diligenta Limited with aggregate order value of $243,872 excluding taxes, improving international business visibility.
- Alkem Laboratories: The US FDA conducted an unannounced inspection at Alkem's CRO facility on May 8, 2026, and no Form 483 observations were issued at the end of the inspection, indicating satisfactory compliance standards.
- Grindwell Norton: Reported Q4FY26 consolidated revenue from operations at ₹8.42 bn and consolidated net profit at ₹1.19 bn. The company also declared a dividend of ₹19 per share.
- Oberoi Realty: Delivered strong Q4FY26 numbers with consolidated revenue from operations at ₹17.5 bn and consolidated net profit at ₹7.03 bn, reflecting robust real estate demand and execution.
- CreditAccess Grameen: Reported Q4FY26 consolidated total revenue from operations at ₹15.97 bn and consolidated net profit at ₹3.40 bn, indicating resilient microfinance operations.
- Bank of India: Reported Q4FY26 net profit at ₹30.16 bn. Interest earned during the quarter stood at ₹194.76 bn, while gross NPA improved to 1.98%. The bank reported NPA provisions of ₹12.11 bn and total provisions & contingencies of ₹9.9 bn, indicating continued balance sheet strengthening.
- Tata Consumer Products: Reported Q4FY26 consolidated revenue from operations of ₹54.34 bn, higher than IBES estimate of ₹52.62 bn, while consolidated net profit stood at ₹4.19 bn versus estimate of ₹4.02 bn. Management stated that the "growth" segment is expected to continue growing in the near term. The board recommended a dividend of ₹10 per share for FY26 and approved capital investment of up to ₹1.6 bn to establish a new 2,000 MT instant tea manufacturing facility.
- Gravita India: Announced plans to increase capacity of its lead recycling unit at Phagi, Jaipur, with proposed investment requirement of around ₹300 mn, supporting future capacity expansion.
- ABB India: Reported strong Q4FY26 performance with total revenue from operations at ₹31.84 bn and net profit at ₹17.84 bn. Separately, the company appointed T.K. Sridhar as Managing Director effective January 1, 2027.
- Niva Bupa Health Insurance: Reported Q4FY26 net premium earned at ₹19.72 bn and PAT of ₹3.45 bn, reflecting continued growth in the health insurance segment.
- Amrutanjan Health Care: Reported Q4FY26 revenue from operations at ₹1.5 bn and PAT of ₹161.9 mn. The company also recommended a final dividend of ₹2.90 per share for FY26.
- Bank of Baroda: Reported strong Q4FY26 earnings with net profit at ₹56.16 bn, significantly above IBES estimate of ₹47.96 bn. Interest earned stood at ₹326.42 bn while domestic NIM came at 3.08%. Gross NPA improved to 1.89%, while provisions & contingencies stood at ₹31.5 bn. The board approved raising additional capital up to ₹60 bn and also recommended dividend of ₹8.50 per share.
- Fino Payments Bank: Reported strong operational momentum with loan referral disbursals in April 2026 rising 204% YoY to ₹1.66 bn.
- Swiggy: Reported Q4FY26 consolidated revenue from operations at ₹63.83 bn, above IBES estimate of ₹62.52 bn. Consolidated net loss narrowed to ₹8 bn compared with estimated loss of ₹9.28 bn. Management reiterated medium-term adjusted EBITDA margin guidance of 5% of GOV and expressed confidence in achieving contribution margin break-even in Q1 FY27.
- JSW Infrastructure: Reported Q4FY26 consolidated revenue from operations of ₹15.22 bn and consolidated net profit of ₹4.18 bn, reflecting steady cargo and port operations growth.
- Kotyark Industries: Board to consider issuance of bonus shares to existing equity shareholders.
- Birla Corporation: Posted a steady Q4 performance, with consolidated profit rising 14.9% YoY to ₹294.8 crore while revenue remained largely flat at ₹2,836.1 crore. Earnings were supported by exceptional gains of ₹27.6 crore compared to an exceptional loss reported last year.
- Advanced Enzyme Technologies: The company delivered a strong Q4 performance, with consolidated profit surging 62.2% YoY to ₹43 crore. Revenue increased 21.6% to ₹203.4 crore, reflecting healthy demand growth and improved operational efficiency across the company's enzyme business segments.
Negative
- Bajaj Healthcare: Reported Q4FY26 revenue from operations of ₹1.53 bn but posted a quarterly loss of ₹228.5 mn, indicating pressure on profitability.
- Dixon Technologies: Received a tax demand notice amounting to ₹1.6 mn from authorities.
- Yes Bank: RBI imposed a monetary penalty of ₹3.2 mn on the bank for failure to put in place a system for usage of KYC Identifier assigned by the Central KYC Records Registry, highlighting compliance gaps.
- Hinduja Housing Finance: RBI imposed a monetary penalty on the company for regulatory non-compliance.
- RateGain Travel Technologies: Announced resignation of CFO Rohan Mittal, resulting in a key managerial personnel change.
- Bombay Dyeing: Decided not to pursue the proposed rights issue. The company reported Q4FY26 consolidated revenue from operations at ₹3.96 bn and consolidated net profit at ₹210.4 mn.
- Reliance Communications: The Central Bureau of Investigation conducted a seizure operation at the company's office premises. The company clarified that operations continue in the normal course and the seizure is not expected to materially impact business operations.
- Swiggy: Announced shutdown of SNACC during the quarter, stating management was not convinced about the steady-state size and scalability of the category.
- Balkrishna Industries: The company reported a weaker Q4 earnings, with consolidated profit falling 18.7% YoY to ₹299.5 crore despite a 6.6% rise in revenue to ₹2,932.8 crore. Profitability was impacted by a sharp decline in other income, which turned negative versus strong gains a year ago.
Neutral
- Blue Dart Express: Reported a mixed Q4 performance, with consolidated profit declining 11.4% YoY to ₹48.9 crore despite healthy revenue growth of 8.2% to ₹1,533.5 crore. Higher operating costs and margin pressures likely weighed on profitability even as business volumes and demand remained strong.
- SEAMEC: Vessel "Samudra Prabha" was delivered effective May 8, 2026, marking completion of the vessel delivery process.
- OM Freight Forwarders: Made investment of around ₹320 mn towards capacity expansion initiatives.
- Premier Energies: Board scheduled to consider fundraising through issuance of securities on May 15, 2026.
- Suvidhaa Infoserve: Appointed Prabhu Kuppuswamy as Chief Financial Officer effective May 8, 2026.
- Hitech Corporation: Appointed Mugdha Khare as Chief Financial Officer effective May 8, 2026.
- Quality Power Electrical Equipments: Board to consider raising funds in one or more tranches.
- Vasa Denticity: Company and IDS Denmed decided not to proceed with the proposed acquisition transaction.
- Zee Media: Approved cancellation of warrants along with forfeiture of upfront subscription amount.
- Barflex Polyfilms: Approved further investment in subsidiary Barflex Flexibles Private Limited.
- Finkurve Financial Services: Board to consider issuance of non-convertible debentures (NCDs).
- Systematix Corporate Services: Appointed Rupam Lal Das as Joint Managing Director.
- Porwal Auto Components: Approved issuance of up to 394,735 convertible warrants to promoter group entities at ₹57 per warrant, aggregating up to ₹99.99 mn.
- Regency Fincorp: Approved issuance of 1,000 secured non-convertible debentures aggregating ₹100 mn on a private placement basis.
- Hyundai Motor India: Announced capex plan of around ₹75 bn for FY26–27 and plans to further expand Pune facility capacity by 70,000 units after Phase-II expansion. The company stated it expects EBITDA margins to remain within guided range of 11–14% in FY27 while remaining watchful of geopolitical uncertainties impacting exports.
Macro, Non-Corporate, Unlisted & Foreign Stocks
1) SEBI: Issued a consultation paper on review and rationalisation of the Buy-back of Securities Regulations, 2018. Separately, SEBI also released a circular regarding norms for sharing and usage of price data for educational purposes.
2) RBI/ State Borrowings: RBI announced that 11 Indian states will raise ₹145 bn through loans on May 12, 2026.
3) Government Securities Market: India will auction treasury bills aggregating ₹240 bn on May 13, including ₹120 bn of 91-day T-bills, ₹60 bn of 182-day T-bills and ₹60 bn of 364-day T-bills.
4) RBI / Banking Regulations: RBI issued amendment directions relating to prudential norms on capital adequacy for payments banks, commercial banks and small finance banks. RBI also issued amendment directions regarding inclusion of quarterly profits in CET1 capital for computation of CRAR for banks.
5) Indian Banking System: RBI data showed Indian banks' deposits rose 12.3% YoY in the fortnight ended April 30, while bank loans also increased on a year-on-year basis.
6) India Bond Market: India's benchmark 10-year government bond yield ended at 6.9809% compared with previous close of 6.9328%.
7) India Forex Reserves: India's foreign exchange reserves declined to $690.69 bn as of May 1 from $698.49 bn in the previous week.
8) RBI / Government Borrowing: RBI stated that the federal government had no outstanding loans with the central bank as on May 1.
9) RBI / Liquidity: RBI released data relating to India's year-on-year money supply growth (M3) as of April 30.
10) Zepto (Unlisted): SEBI approved IPO pre-filing documents of quick commerce company Zepto, moving the company closer toward a potential public listing.
11) Sri Guru Raghavendra Sahakara Bank: RBI extended the period of directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949.
Bulk and Block Deals
PB Fintech
Tencent Cloud Europe BV, a subsidiary of Tencent Holdings, exited PB Fintech by selling its entire 1.05% stake of 48.4 lakh shares for Rs 805.4 crore at Rs 1,664 per share. The stake was acquired by institutional investors including Tata AIA Life Insurance, Morgan Stanley Asia Singapore, HDFC Mutual Fund, and Societe Generale.
Lenskart Solutions
Lenskart witnessed a major block deal involving 11.22 crore shares, representing a 6.46% stake, valued at Rs 5,313.6 crore. Around 82 investors, including BlackRock, Fidelity, Citigroup, HDFC Mutual Fund, and Manulife Global Fund, purchased shares, while existing investors such as TR Capital and Alpha Wave Ventures exited partially.
360 ONE WAM
SBI Mutual Fund acquired 35.13 lakh shares, or a 0.86% stake, in 360 ONE WAM for Rs 391.7 crore at Rs 1,115 per share. Simultaneously, Times Internet sold 35.9 lakh shares, amounting to a 0.88% stake, through a block deal worth Rs 400.3 crore.
Quick Heal Technologies
Kedia Securities purchased 4.5 lakh shares in Quick Heal Technologies through a block deal at Rs 209.13 per share. The transaction reflects continued investor interest in the cybersecurity firm, though details regarding the seller and total deal value were not disclosed in the announcement.
On-going IPO
Last Date 12-May
-Simca Advertising Ltd (NSE SME)
Upcoming IPO
12-May to 14-May
-RFBL Flexi Pack Ltd (NSE SME)
-Goldline Pharmaceutical Ltd (BSE SME)
IPO Listing
SME Listing
Value 360 Communications
Securities Trading Ex-Dividend on May 11, 2026
Manappuram Finance Ltd, PAE Ltd, Kothari Petrochemicals Ltd
Securities Under F&O Ban on May 11, 2026
NIL
Source: WOWNEWS24X7, Moneycontrol, Investing.com
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