Global markets traded mixed amid cautious sentiment, with Asian indices under pressure and FIIs/DIIs remaining net buyers in India. Commodities showed divergence as gold and silver gained while crude weakened. Key earnings from major Indian firms are awaited today, alongside strong corporate updates, RBI policy changes, bond market developments, and active IPO and block deal activity.
Global Market Futures (as of 06:45 AM IST)
US Market (Futures)
Nasdaq: -0.12%
- Dow Jones: -0.07%
- S&P 500: -0.02%
European (Futures)
- Ftse 100: -0.14%
- Cac 40-: -0.15%
- Dax: +0.31%
Asian
- NIKKEI 225: +0.07%
- KOSPI: -3.00%
- TAIEX: -0.10%
- ASX 200: +0.97%
Gift Nifty: 23693.00 (+0.32%)
FII and DII Trading Activity May 18, 2026 in Cash Market Segment:
FIIs / FPIs: Net Buy of ₹2813.69 crores [1][2]
DIIs: Net Buy of ₹2682.12 crores
Key Results Today:
Bharat Electronics, Zydus Lifesciences, Bharat Petroleum Corporation, Anthem Biosciences, Black Buck, Exicom Tele-Systems, Karnataka Bank, Mankind Pharma, CE Info Systems, Om Power Transmission, PI Industries, PNC Infratech, Trident, and Zee Entertainment Enterprises will release their quarterly earnings today.
Commodity Market Updates:
International commodity markets traded mixed with safe-haven metals remaining firm, while energy and industrial commodities showed divergent trends. Gold prices rose 0.28% to 4,570.75, while spot XAU/USD traded higher at 4,567.65, supported by global uncertainty and continued central bank buying interest. Silver outperformed, gaining 0.77% to 78.043 amid improved industrial demand expectations. Copper prices declined 0.30% to 6.3153, reflecting concerns over slowing global manufacturing activity and weaker Chinese demand signals. In the energy segment, WTI crude oil fell 1.40% to 102.92 amid demand concerns and profit-booking, whereas Brent crude traded marginally higher at 109.75, up 0.40%. Natural gas prices edged up 0.26% to 3.034 on expectations of tighter supply and weather-led demand recovery.
Key Corporate Updates
Positive:
- Lupin: Received tentative approval from the U.S. FDA for Revefenacin Inhalation Solution, strengthening the company’s respiratory portfolio pipeline and expanding opportunities in the U.S. generics market.
- Max Healthcare: Acquired 58.28% equity stake in Kalinga Hospital for ₹2.98 billion, marking a strategic expansion in eastern India and strengthening its hospital network footprint.
- Waaree Renewable Technologies: Secured and signed a turnkey contract for a 350MW/1400MWh Battery Energy Storage System (BESS) project, reinforcing its growing position in India’s renewable and energy storage segment.
- GE Vernova India: Reported strong Q4FY26 performance with revenue from operations at ₹16.37 billion and net profit at ₹3.52 billion; board also recommended a dividend of ₹10 per share.
- GNFC (Gujarat Narmada Valley Fertilizers & Chemicals): Reported robust Q4FY26 earnings with consolidated revenue at ₹22.08 billion and net profit at ₹3.96 billion; declared dividend of ₹21 per share.
- Triveni Turbine: Posted healthy Q4FY26 numbers with consolidated revenue at ₹6.8 billion and net profit at ₹1.02 billion; declared dividend of ₹2 per share.
- DOMS Industries: Reported strong quarterly performance with consolidated revenue at ₹6.04 billion and net profit at ₹567.4 million; declared dividend of ₹3.65 per share and approved reappointment of Santosh Raveshia as Managing Director for five years from January 1, 2027.
- Astral: Reported Q4FY26 consolidated revenue of ₹20.89 billion and net profit of ₹2.13 billion; recommended final dividend of ₹2.50 per share and reappointed Sandeep Engineer as Managing Director effective April 1, 2027.
- Seamec: Reported strong Q4FY26 performance with consolidated revenue at ₹3.27 billion and net profit at ₹1.03 billion; recommended dividend of ₹2 per share.
- Vascon Engineers: Received a ₹1.32 billion work order from Reliance Industries for the Jamnagar project, improving order book visibility and execution pipeline.
- Eicher Motors: Andhra Pradesh government approved allocation of 215.7 acres at Tada for the company’s proposed greenfield expansion project involving investment of up to ₹25 billion.
- Deccan Gold Mines: Announced discovery of significant nickel-copper-PGE mineralisation in Chhattisgarh, which could strengthen long-term exploration and mining prospects.
- Piramal Pharma Solutions: Announced partnership with Botanix to support Sofpironium Bromide API development and validation activities at its Riverview facility, enhancing CDMO capabilities.
- Godrej Properties: Completed handover of over 500 plots at Forest Estate, Nagpur under its “Shubh Aarambh” initiative, reflecting strong project execution and customer delivery.
- KSH International: Commissioned rooftop solar power plant at its Supa facility on May 18, 2026, supporting sustainability and energy efficiency initiatives.
- Vee-R Health Care: Received repeat order worth ₹24.5 million from a leading FMCG company, indicating continued client engagement and business traction.
- Gabion Technologies India: Secured fresh order worth ₹58.2 million, supporting near-term revenue visibility.
- BLS E-Services: Reported Q4FY26 consolidated revenue of ₹3.23 billion with net profit at ₹147.4 million, reflecting operational growth.
- 63 Moons Technologies: Reported Q4FY26 consolidated revenue at ₹1.33 billion and net PAT at ₹225 million.
- Subros: Posted Q4FY26 consolidated revenue of ₹10.5 billion and profit of ₹493.3 million; board recommended dividend of ₹3 per equity share.
- I G Petrochemicals: Reported Q4FY26 consolidated revenue at ₹5.24 billion and PAT at ₹280.7 million; recommended dividend of ₹5 per share.
- Sportking India: Reported Q4FY26 revenue at ₹6.37 billion and profit at ₹327.6 million; declared dividend of ₹1 per share.
- Shivalik Bimetal Controls: Reported Q4FY26 consolidated revenue at ₹1.63 billion and net profit at ₹260.5 million; recommended final dividend of ₹2 per share and leased premises in Pune for a new manufacturing facility.
- Monte Carlo Fashions: Reported Q4FY26 consolidated revenue of ₹2.80 billion and PAT at ₹50.3 million; declared dividend of ₹20 per share.
- Visaka Industries: Reported Q4FY26 consolidated revenue at ₹4.8 billion and PAT at ₹400.2 million; recommended dividend of ₹1.20 per share and appointed Ramakrishna Pendyala as CFO effective June 20, 2026.
- Associated Alcohols & Breweries: Reported Q4FY26 consolidated revenue at ₹2.42 billion and net profit at ₹235 million; recommended dividend of ₹2 per share.
- GPT Healthcare: Reported Q4FY26 revenue at ₹1.26 billion and PAT at ₹145.7 million; declared dividend of ₹1.5 per share.
- Rama Phosphates: Reported Q4FY26 revenue at ₹2.19 billion with profit at ₹53.7 million.
- Yasho Industries: Reported Q4FY26 consolidated revenue at ₹2.46 billion and profit at ₹122.6 million.
- K M Sugar Mills: Reported Q4FY26 consolidated revenue at ₹1.06 billion and profit at ₹92.4 million.
- Sirca Paints India: Recommended final dividend of ₹2 per share for FY26.
- JK Paper: Reported Q4FY26 consolidated gross revenue from operations at ₹21.12 billion and net PAT at ₹919.8 million; declared dividend of ₹4 per share.
- Indraprastha Gas (IGL): Reported Q4FY26 revenue from operations at ₹45.85 billion and profit at ₹2.77 billion; declared dividend of ₹1.5 per share and appointed Manjeet Singh Gulati as CFO effective May 21, 2026.
- Puravankara: Reported Q4FY26 consolidated revenue at ₹15.02 billion with net profit at ₹1.1 billion.
- Sun Pharma Advanced Research Company (SPARC): Reported Q4FY26 consolidated revenue from operations at ₹18.53 billion and profit at ₹17.61 billion.
- HLE Glascoat: Reported Q4FY26 consolidated revenue at ₹3.92 billion and recommended final dividend of ₹1.10 per share.
- Adani Group: U.S. Justice Department is reportedly moving to drop criminal fraud charges against Gautam Adani, while the U.S. Treasury separately announced a settlement with Adani Enterprises.
Negative:
- Afcons Infrastructure: Reported Q4FY26 consolidated revenue at ₹26.14 billion but posted a consolidated net loss of ₹884 million despite recommending dividend of ₹2 per share.
- Baazar Style Retail: Reported Q4FY26 consolidated revenue of ₹4.66 billion while posting consolidated loss after tax of ₹256.5 million; company also deferred immediate decision on proposed stock split and will further evaluate the proposal.
- 3i Infotech: Identified a potential ransomware attack on its IT infrastructure on May 16, 2026; company stated preliminary assessment indicates no impact on business continuity or operations.
- Shivalik Bimetal Controls: Deferred launch timeline for its Pune plant, which was previously scheduled for April 2026.
- Choksi Laboratories: Announced resignation of CFO Vyangesh Choksi.
- Capital Trade Links: CFO Sunil Kumar resigned effective April 30, 2026.
- India Fuel Retailing Sector: Government official indicated state-owned fuel retailers are facing daily revenue losses of around ₹7.5 billion on fuel sales, while also clarifying that there is currently no plan for financial support to refiners.
Neutral:
- Zee Media Corporation: Approved issuance of convertible warrants aggregating ₹1.19 billion at issue price of ₹8.50 per warrant; investors include Magnifica Global and Sun India Opportunities Funds.
- VIP Clothing: Approved issuance of warrants worth ₹477 million to raise capital.
- South Indian Bank: Revised one-year MCLR to 9.45% effective May 20, 2026.
- Bajaj Auto: Subsidiary BAIR BV repaid €80 million loan to JP Morgan and DBS Bank, reducing leverage obligations.
- Ashok Leyland: Board to consider issuance of non-convertible debentures through private placement route.
- JSW Steel / JSW Energy: JSW Energy sold 25 million JSW Steel shares through block deals on NSE; SBI Mutual Fund purchased 10 million shares while GQG Partners Emerging Markets Equity Fund purchased 15 million shares.
- Devinsu Trading: Approved appointment of Krish Piyush Shah as CFO.
- Capital Trade Links: Appointed Raj Kumar Gupta as CFO.
- Davangere Sugar Company: Appointed new Company Secretary and Compliance Officer.
- GAIL India: Announced upcoming board meeting for consideration of financial results and dividend.
Macro, Non-Corporate, Unlisted and Foreign Stocks
1) India Bond Market: India’s benchmark 10-year government bond yield rose to 7.1313%, highest level since April 2, reflecting pressure in debt markets.
2) India–U.S. Defence Deal: U.S. State Department approved potential sale worth approximately 230 million dollars to India for sustainment support related to M777A2 ultra-light howitzers.
3) RBI Regulatory Updates: RBI issued multiple amendment directions related to classification, valuation and operation of investment portfolios for commercial banks, small finance banks, urban co-operative banks, rural co-operative banks, regional rural banks and local area banks.
4) RBI Investment Fluctuation Reserve: RBI discontinued mandatory Investment Fluctuation Reserve requirement effective May 18, 2026, and issued corresponding amendment directions.
5) RBI Leadership Update: RBI appointed Gunveer Singh as Executive Director, who will oversee the Department of Payment and Settlement Systems.
6) RBI Capital Buffer Review: RBI announced that the counter-cyclical capital buffer requirement for banks will not be activated at present.
7) RBI Payment System Report: RBI published Payment System Report for December 2025.
8) RBI Supervisory Action: RBI imposed monetary penalty on Aurangabad District Central Co-operative Bank, Bihar, and issued directions concerning Nagar Sahakari Bank, Etawah due to supervisory concerns.
9) SEBI Consultation Paper: SEBI released consultation paper proposing relaxation in maintenance requirements of call records for institutional clients.
10) Government Bond Auction: India to auction ₹320 billion worth of government bonds on May 22, including 2029, 2033 and 2055 securities.
11) Bond Switch Auction: Government issued ₹213.14 billion and bought back ₹210.98 billion worth of bonds under switch auction; RBI switched 6.79% 2027 bonds into 6.67% 2035 debt at cut-off yield of 7.0825%.
12) NSE: National Stock Exchange commenced trading in Electronic Gold Receipts (EGRs).
13) Russian Oil Waiver: U.S. Treasury extended sanctions waiver allowing certain countries to continue purchasing Russian seaborne oil for another 30 days after requests from vulnerable economies.
14) India Oil Imports: Indian government official stated India has continued purchasing Russian oil irrespective of U.S. sanctions waiver.
15) Germany Rare Earth Strategy: German Finance Minister stated Europe has options to reduce dependence on rare earth imports and emphasized urgency in implementing alternatives.
16) Global Sugar Outlook: International Sugar Organization (ISO) raised 2025/26 global sugar surplus forecast to 2.244 million tonnes from 1.22 million tonnes earlier, while forecasting a 0.262 million tonne deficit for the 2026/27 season.
17) Global Ethanol Outlook: ISO forecast 2026 global fuel ethanol production at 129.4 billion litres and consumption at 126.9 billion litres.
18) India Edible Oil Policy: India is reportedly considering an edible oil import duty hike to support domestic farmers.
19) ReNew Energy Global: Company executive stated that ReNew Energy Global is currently not considering a listing in India.
20) FIFA Media Rights: FIFA media rights officials visited India amid pending broadcast agreement for upcoming FIFA World Cup coverage.
21) PM Modi – Norway Honour: Prime Minister Narendra Modi received Norway’s highest civilian honour, the Grand Cross, from King Harald V.
Bulk and Block Deals:
JSW Steel:
GQG Partners’ Emerging Markets Equity Fund acquired 1.5 crore shares, representing a 0.61% stake in JSW Steel, for ₹1,890 crore, while SBI Mutual Fund purchased an additional 1 crore shares (0.4% stake) worth ₹1,260 crore through block deals. The seller was promoter entity JSW Energy, which reduced part of its 2.86% holding at ₹1,260 per share.
PNGS Reva Diamond Jewellery:
Promoter Govind Vishwanath Gadgil increased his stake in PNGS Reva Diamond Jewellery by purchasing an additional 1.6 lakh shares, equivalent to a 0.5% stake, for ₹5.85 crore through a market transaction. The acquisition was executed at an average price of ₹365.78 per share, reflecting continued promoter confidence in the company’s long-term growth prospects.
EFC (I):
Sageone Investment Managers’ Flagship Growth 2 Fund and Forbes EMF partially exited holdings in EFC (I) through market sales totaling over 2.36 lakh shares. Meanwhile, Priya Singh Aggarwal and Ragaswaroopa Technologies acquired a combined 2.19 lakh shares worth over ₹32 lakh. Sageone’s Flagship Growth funds held a 2.53% stake in the company as of March 2026.
IPO Listing
RFBL Flexi Pack (SME)
Goldline Pharmaceutical (SME)
On-going IPO:
Last Date 20-May
NFP Sampoorna Foods Ltd (NSE SME)
Last Date 21-May
Teamtech Formwork Solutions Ltd (NSE SME)
Upcoming IPO:
20-May to 22-May
Harikanta Overseas Ltd (BSE SME)
Vegorama Punjabi Angitihi Ltd (BSE SME)
21-May to 25-May
Bio Medica Laboratories Ltd (NSE SME)
Securities Trading Ex-Dividend on May 19, 2026
Man Infraconstruction Ltd, Alicon Castalloy Ltd, Atishay Ltd, Metropolis Healthcare Ltd, The Great Eastern Shipping Company Ltd
Securities Trading Ex-Income Distribution on May 19, 2026
IndiGrid Infrastructure Trust (InvIT), TVS Infrastructure Trust (InvIT), IRB Infrastructure Trust (InvIT)
Securities Under F&O Ban on May 19, 2026
SAIL, KAYNES
Source: WOWNEWS24X7, Moneycontrol, Investing.com
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