Global markets traded cautiously with mixed cues across the US, Europe and Asia ahead of a packed earnings session. Despite continued FII selling, strong DII buying supported sentiment. Gold and silver rallied on safe-haven demand, while crude eased. Rail, defence, pharma and power stocks remained in focus amid major corporate announcements and earnings.
Global Market Futures (as of 06:30 AM IST)
US Market (Futures)
- Nasdaq: -0.10%
- Dow Jones: -0.03%
- S&P 500: -0.06%
European (Futures)
- Ftse 100: +0.15%
- Cac 40-: +0.00%
- Dax : +0.31%
Asian:
- NIKKEI 225: -0.43%
- KOSPI: -1.61%
- ASX 200: -0.42%
Gift Nifty: 23395.50 (-0.02%)
FII and DII Trading Activity May 12, 2026 in Cash Market Segment:
FIIs / FPIs: Net Sell of ₹1959.39 crores
DIIs: Net Buy of ₹7990.32 crores
Key Results Today:
Cipla, TVS Holdings, TVS Motor Company, Hindustan Petroleum Corporation, Oil India, Balaji Amines, CARE Ratings, Crompton Greaves Consumer Electricals, DLF, eClerx Services, GlaxoSmithKline Pharmaceuticals, JSW Dulux, Kaynes Technology India, LIC Housing Finance, Metropolis Healthcare, NLC India, Power Finance Corporation, Sharda Cropchem, Signatureglobal (India), and Tube Investments of India will release their quarterly earnings today.
Commodity Market Updates
Commodity markets traded mixed with precious metals leading gains. Gold surged to 4,725.09, up 38.39 points (+0.82%), while XAU/USD hovered at 4,717.40, gaining 2.07 points (+0.04%), reflecting continued safe-haven demand. Silver outperformed the broader metals complex, climbing to 88.123, up 2.532 points (+2.96%). Copper remained firm at 6.6413, advancing 0.10%, supported by steady industrial demand expectations. Energy markets, however, witnessed mild profit-booking pressure. Crude Oil WTI slipped to 101.58, down 0.60 points (-0.59%), while Brent Oil eased to 106.97, lower by 0.46 points (-0.43%). Natural Gas also traded weaker at 2.827, declining 0.008 points (-0.28%) amid subdued near-term demand sentiment.
Key Corporate Updates:
Positive:
- Bharat Forge: Signed a long-term contract with Embraer for the supply of landing gear forgings, strengthening its aerospace manufacturing business and expanding its global aviation component footprint.
- Texmaco Rail & Engineering: Secured a Letter of Acceptance (LOA) worth ₹40.45 billion for supply of 2,235 freight wagons, 30 locomotives and related rolling stock/components; additionally entered into an agreement with Sigma Rail for collaboration in railway signalling and power electronics, while also announcing plans to invest up to ₹2 billion in Texmaco Defence Technologies over the next 3–5 years.
- Rail Vikas Nigam (RVNL): Emerged as the lowest bidder for a project valued at ₹2.21 billion, supporting order book visibility in the railway infrastructure segment.
- Tata Power: Reported Q4 consolidated revenue from operations of ₹149 billion and consolidated net profit of ₹9.96 billion; board recommended dividend of ₹2.50 per share for FY26.
- Dixon Technologies: Reported March-quarter consolidated revenue from operations of ₹105.11 billion with consolidated net profit of ₹2.56 billion; company also declared dividend of ₹10 per share.
- Berger Paints India: Reported March-quarter consolidated revenue from operations of ₹28.68 billion and consolidated net profit of ₹3.35 billion; declared dividend of ₹4 per share and re-appointed Abhijit Roy as Managing Director & CEO.
- Pfizer: Reported March-quarter revenue from operations of ₹6.29 billion and net profit of ₹2 billion; board declared dividend of ₹75 per share.
- Neuland Laboratories: Reported March-quarter consolidated revenue from operations of ₹7.76 billion and consolidated profit of ₹2.13 billion; recommended final dividend of ₹34 per equity share for FY26.
- Sagility: Reported March-quarter consolidated revenue from operations of ₹20.24 billion and consolidated net profit of ₹2.58 billion, indicating strong operational performance.
- Kalpataru: Reported March-quarter consolidated revenue from operations of ₹16.94 billion and consolidated net profit of ₹2 billion.
- Dr Reddy’s Laboratories: Received DCGI marketing authorisation for generic semaglutide tablets in India; management indicated plans to launch semaglutide tablets in India within the next few days and in Canada later this month, while reiterating focus on strengthening base business, improving margins through cost efficiencies and portfolio optimisation; company also declared dividend of ₹8 per share.
- Adani Ports & SEZ: Announced that marine arm Astro Offshore has entered into a contract with Oceaneering International for European subsea expansion; company is targeting marine revenue of ₹60 billion and capex of ₹130 billion by FY31, alongside plans to build a 200-vessel fleet with specialised offshore capabilities.
- Nuvoco Vistas Corporation: Received tax rectification order under which tax department dropped demand of ₹118.9 million related to FY23.
- United Breweries: Secured favourable tribunal ruling resulting in reduction of tax demand to nil from ₹70 million.
- Nexus Select Trust: Reported March-quarter consolidated revenue from operations of ₹6.52 billion and consolidated profit of ₹121.8 million; declared distributions of ₹2.286 per unit.
- Indraprastha Medical Corporation: Reported March-quarter revenue from operations of ₹3.65 billion and PAT of ₹417 million; declared dividend of ₹4 per share.
- INOX India: Reported March-quarter consolidated revenue from operations of ₹4.61 billion and consolidated net profit of ₹752.4 million; declared dividend of ₹2 per share.
- Clean Max Enviro Energy Solutions: Reported March-quarter consolidated revenue from operations of ₹5.57 billion and PAT of ₹454 million.
- Sri Lotus Developers & Realty: Reported March-quarter consolidated revenue from operations of ₹3.07 billion and consolidated net profit of ₹955.8 million.
- MTAR Technologies: Reported March-quarter consolidated revenue from operations of ₹3.06 billion and consolidated net profit of ₹442.8 million.
- Gopal Snacks: Reported March-quarter revenue from operations of ₹4.09 billion and net profit of ₹299.5 million.
- Kalamandir: Reported March-quarter revenue from operations of ₹4.19 billion and profit of ₹326.5 million; appointed Bharadwaj Rachamadugu as CEO and recommended final dividend of ₹1.50 per share for FY26.
- Thomas Cook India: Reported March-quarter consolidated revenue from operations of ₹17.71 billion and consolidated net profit of ₹386.6 million.
- Religare Enterprises: Reported March-quarter consolidated revenue from operations of ₹24.67 billion and consolidated net profit of ₹822.1 million.
- Huhtamaki India: Reported March-quarter revenue from operations of ₹6.13 billion and profit of ₹256 million.
- Foseco India: Reported March-quarter consolidated revenue from operations of ₹2.01 billion and consolidated net profit of ₹338.1 million.
- Elantas Beck India: Reported March-quarter revenue from operations of ₹2.22 billion and net profit of ₹310.8 million.
- Kross: Reported March-quarter revenue from operations of ₹2.25 billion and profit of ₹224.5 million.
- Vidya Wires: Reported March-quarter consolidated revenue from operations of ₹5.99 billion and consolidated profit of ₹196.1 million.
- N R Agarwal Industries: Reported March-quarter revenue from operations of ₹6.05 billion and PAT of ₹142 million; recommended final dividend of ₹2 per share for FY26; additionally revised estimated project cost to ₹15 billion and upgraded multilayer board project capacity to 1,500 TPD.
- Birlanu: Reported March-quarter consolidated revenue from operations of ₹10.1 billion and declared dividend of ₹15 per share.
- Alicon Castalloy: Reported March-quarter consolidated revenue from operations of ₹4.95 billion and consolidated net profit of ₹79.4 million; declared interim dividend of ₹2 per equity share for FY26.
- Cohance Lifesciences: Reported March-quarter consolidated revenue from operations of ₹6.19 billion and consolidated net profit of ₹195.5 million.
- Ugar Sugar Works: Reported March-quarter income from operations of ₹3.97 billion and PAT of ₹457.6 million.
- GTL Infrastructure: Reported March-quarter revenue from operations of ₹3.30 billion and profit of ₹11.86 billion.
- Albert David: Recommended final dividend of ₹5 per share for FY26 and appointed Amit Mahla as CEO effective May 12, 2026.
- Puravankara: Starworth Infrastructure received Letter of Intent (LOI) for Westin Hotel project valued at ₹578.1 million.
- Chiraharit: Received order worth ₹14.9 million.
- Innomet Advanced Materials: Received purchase order worth $59,185.60 from Sterling Sintered Technologies.
- Filatex India: Acquired 10 million Ecosis shares for ₹100 million.
- Krishna Defence & Allied Industries: Acquired 46.81% stake in Taharabadkar Solutions Pvt Ltd.
- Danish Power: Declared dividend of ₹2 per share.
Negative:
- Dr Reddy’s Laboratories: Reported Q4 consolidated revenue from operations of ₹75.46 billion versus IBES estimate of ₹82.46 billion and net PAT of ₹2.21 billion versus estimate of ₹9.25 billion; management stated performance was impacted by lower lenalidomide sales and several one-off items.
- Max Financial Services: Reported March-quarter consolidated total revenue from operations of ₹108.02 billion but posted consolidated net loss of ₹263.5 million.
- Enkei Wheels India: Reported March-quarter revenue from operations of ₹2.99 billion and net loss of ₹6.1 million.
- IDFC First Bank: Enforcement Directorate arrested two former employees in a case related to alleged embezzlement of public funds.
- Reserve Bank of India / Sarvodaya Co-operative Bank: RBI cancelled the licence of Sarvodaya Co-operative Bank Ltd, Mumbai.
- iStreet Network: Managing Director Rakesh Rathi resigned from the company.
- Race Eco Chain: CFO Piyanshu Sharma resigned from the company.
- Stove Kraft: Accepted resignation of CFO Ramakrishna Pendyala; approved appointment of Subhadeep Pal as new CFO effective May 16, 2026.
Neutral
- Vodafone Idea: Board to consider audited financial results for quarter and year ended March 31, 2026, along with proposal for fundraising through equity shares and/or warrants on preferential basis.
- Torrent Power: Board approved raising up to ₹100 billion through private placement of non-convertible debentures (NCDs); company also declared dividend of ₹5 per share and reported March-quarter consolidated revenue from operations of ₹64.06 billion.
- Groww Block Deals: Ribbit Capital and Ribbit Cayman GW Holdings sold 142.1 million shares in Groww through block deals on NSE, while YC Holdings II LLC and Peak XV Partners sold 91.1 million shares and 62 million shares respectively.
- Emkay Global Financial Services: Board to consider raising up to ₹1 billion via non-convertible debentures.
- Satin Creditcare Network: To consider fundraising through private placement of NCDs on May 15, 2026.
- Mukka Proteins: To consider raising funds through issuance of NCDs up to ₹500 million.
- Trident: To consider raising funds via non-convertible debt instrumen ts.
- Dev Accelerator: Board to consider fundraising via non-convertible debentures on private placement basis.
- Rane Holdings: Board to consider fundraising through equity shares or convertible securities to promoters.
- Cubical Financial Services: Board to consider fundraising through equity shares and convertible securities.
- Raj Oil Mills: Approved fundraising up to ₹92 million.
- Bank of India: Bank’s equity stake in ASREC (India) increased from 26.02% to 27.30%.
- IIFL Capital Services: Ministry of Corporate Affairs approved incorporation of IIFL Capital (IFSC) Ltd in GIFT City on May 11, 2026.
- Suryoday Small Finance Bank: RBI approved re-appointment of Krishna Prasad Nair as part-time Chairman.
- Taneja Aerospace & Aviation: Re-appointed Rakesh Duda as Managing Director for one year effective May 16, 2026.
- K G Denim: Appointed M Balaji as Chief Financial Officer effective May 12, 2026.
- Adani Power / GVK Energy: Competition Commission of India approved acquisition of 100% stake in GVK Energy by Adani Power.
- Lloyds Engineering Works: Competition Commission of India approved acquisition of 7.14% stake by Thrive-NI Earthmovers.
Macro, Non-Corporate, Unlisted & Foreign Stocks
SEBI: Issued consultation papers proposing relaxation and review of position limits for agricultural commodity derivatives, capping penalties for breach of position limits and phased introduction of physical settlement in agricultural commodity derivatives contracts.
India Inflation Data: India’s April consumer price inflation (CPI) stood at 3.48% YoY versus Reuters poll estimate of 3.8%, while food inflation came in at 4.20% YoY, indicating easing retail inflation trends.
India GDP Release Timeline: Government revised release date for provisional annual GDP estimates and quarterly GDP data to June 7 every year; FY26 provisional estimate release scheduled for June 5.
India Bond Market: Benchmark 10-year government bond yield closed at 7.0458% versus previous close of 7.0317%.
Russian Oil Premiums: Premiums for Russian Urals crude for June delivery cargoes in Indian ports declined to $2–4 per barrel versus Brent amid weaker refining margins.
India-Nepal Fertiliser Supply: India’s foreign ministry confirmed receiving a request from Nepal for fertiliser supplies.
Oceaneering International: Signed subsea expansion-related contract with Adani Ports’ marine arm Astro Offshore for European operations
Bulk and Block Deals
Billionbrains Garage Ventures
Major investors Y Combinator, Ribbit Capital, and Peak XV Partners sold a combined 4.7 percent stake in Billionbrains Garage Ventures, the parent company of Groww, for ₹5,326 crore. YC Holdings sold 1.45 percent, Peak XV divested 0.99 percent, while Ribbit entities together offloaded a 2.26 percent stake through multiple bulk deals.
Fedbank Financial Services
True North, through True North Fund VI LLP, sold 2.56 crore shares or a 6.86 percent stake in Fedbank Financial Services for ₹385.4 crore at Rs 150 per share. The stake was acquired by Nomura entities, with Nomura India Investment Fund Mother Fund and TNTBC purchasing shares worth ₹216.1 crore and ₹169.32 crore, respectively.
On-going IPO:
Last Date 14-May
RFBL Flexi Pack Ltd (NSE SME)
Goldline Pharmaceutical Ltd (BSE SME)
Upcoming IPO:
NIL
Securities Trading Ex-Dividend on May 13, 2026
NRB Bearings Ltd
Securities Trading Ex-Income Distribution on May 13, 2026
Shrem InvIT
Securities Under F&O Ban on May 13, 2026
SAIL
Source: WOWNEWS24X7, Moneycontrol, Investing.com
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