Sensex today | Stock Market Highlights: Sensex closes flat, Nifty ends at 23,650 as Iran war worries offset IT gains

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ensex Today, Nifty 50 | Stock Market Highlights - Find here all the highlights related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 6th May 2026.

After witnessing a steep intraday decline, the Sensex and Nifty pared some of their losses amid selective buying in heavyweight stocks.

Broader sentiment remained weak amid worries over ⁠a weakening rupee, elevated energy prices, rising bond yields and escalating tensions linked to the Iran conflict.

The Nifty 50 closed 0.03% higher at 23,649.95, and the BSE Sensex added 0.1% to 75,315.04. The indexes fell as much as ‌1.4% during the session.

The rupee hit a record low and closed at 96.35 per dollar.

Eleven of the 16 major sectors fell, while small-caps and mid-caps ‌lost 1.3% and 0.2%, respectively.

IT index jumped 2.4% as a stronger dollar raised expectations of better profit growth for companies that earn a large ⁠share of revenue in the greenback. The index had dropped 5.7% last week.

Key Highlights

Sensex ends 77.05 points up or 0.10% at 75,315.04
Nifty ends up 6.45 points or 0.03% at 23,649.95
Rupee down 0.4% at 96.35 per US dollar (Read more here)
Eleven of the 16 major sectors fell, while small-caps and mid-caps ‌lost 1.3% and 0.2%, respectively.
IT index jumped 2.4% as a stronger dollar raised expectations of better profit growth for companies that earn a large ⁠share of revenue in the greenback.
Consumer durables shed 1.8%.
Jana Small Finance Bank fell 5.9% after Venu Srinivasan-led TVS Group announced acquisition of 4.9% stake in the lender (Read more here)

FILTERS UPDATES

May 18, 2026 16:02
This live blog is closed for the day.
May 18, 2026 15:50
Forex
Rupee hits fresh low of 96.34 per US dollar amid surging global bond yields, elevated oil
Rupee hits fresh low of 96.34 per US dollar amid surging global bond yields, elevated oil
Rupee hit a record low on Monday, sliding for the seventh consecutive trading session, as a jump in global bond ‌yields converged with elevated energy prices and deepened the strain on Asia’s worst-performing currency of the year so ⁠far.
May 18, 2026 15:42
Stock market
Markets recoup day's losses at closing
Sensex was up 77.05 pts or 0.10% to close at 75,315.04 after hitting an intraday low of 74,180.26, and Nifty 50 inched up 6.45 pts or 0.03% to 23,649.95 .
May 18, 2026 15:39
SEBI working on framework for AI-based trading amid growing cyber threats: Tuhin Kanta Pandey
SEBI working on framework for AI-based trading amid growing cyber threats: Tuhin Kanta Pandey
SEBI plans guidelines for AI trading to enhance efficiency while addressing rising cyber risks, warns Chairman Tuhin Kanta Pandey.
May 18, 2026 15:38
Quarterly results
Electrosteel Castings Q4 results
Electrosteel Castings posted consolidated net profit for the quarter ended March 2026 at Rs 15.98 crore compared to Rs 21.87 crore loss in December 2025 quarter.
Board recommended final dividend of Rs 0.90 per share.
May 18, 2026 15:37
Forex
Rupee down 0.4% at 96.36 per US dollar at 3:30 pm; Previous close at 95.96
May 18, 2026 15:35
Stock market
Nifty ends up 6.45 points or 0.03% at 23,649.95
May 18, 2026 15:34
Stock market
Sensex ends 77.05 points up or 0.10% at 75,315.04
May 18, 2026 15:18
Real estate
Anarock Group FY26 revenue rises 25% to ₹946 cr
Real estate consultant Anarock Group’s revenue grew 25 per cent in FY 2025-26 to ₹946 crore on strong housing demand as well as robust leasing activities of office and retail spaces, according to its Chairman Anuj Puri.
Anarock Group FY26 revenue rises 25% to ₹946 cr
Anarock Group's FY26 revenue surged 25% to ₹946 crore, driven by strong housing demand and robust leasing activities.
May 18, 2026 15:15
Stock down
Hind Rectifiers shares slide 3.5% as strong FY26 revenue masks margin pressure
Shares of Hind Rectifiers Limited fell 3.54 per cent to ₹912.85 on Monday, May 18, as investors reacted to the company’s FY26 results released Saturday, with concerns over margin compression offsetting record revenue.
Hind Rectifiers shares slide 3.5% as strong FY26 revenue masks margin pressure
Shares of Hind Rectifiers Limited fell 3.54 per cent to ₹912.85 on Monday, May 18, as investors reacted to the company’s FY26 results released Saturday, with concerns over margin compression offsetting record revenue.
May 18, 2026 15:14
Companies
Oswal Pumps shares slide, posted record FY26 earnings
Shares of Oswal Pumps Limited fell 2.95 per cent to ₹373.70 on the NSE on Monday, extending a broader post-results selloff, even as the Karnal-based solar pump manufacturer reported its strongest financial year on record.
Oswal Pumps shares slide, posted record FY26 earnings
Oswal Pumps shares drop 2.95% despite record FY26 earnings, reflecting a 29% year-to-date decline from its peak.
May 18, 2026 14:59
Stock up
Tera Software shares surge 5% after profit growth announcement
Tera Software shares traded 5% higher at the upper circuit of Rs 302.70.
Company posted net profit for the quarter ended March 2026 at Rs 6.87 crore compared to Rs 2.99 crore in the same quarter last year.
May 18, 2026 14:51
Banking
Bank of India raises fixed deposit rates for medium- and long-term tenures
Bank of India revised upward interest rates on fixed deposits (FDs) below ₹3 crore for tenures of one to three years, effective May 18, 2026.
Bank of India raises fixed deposit rates for medium- and long-term tenures
Bank of India increases fixed deposit rates, offering higher returns for seniors and competitive rates for all tenures.
May 18, 2026 14:50
Quarterly results
Jain Resource Recycling reports ₹62 crore Q4 profit
Jain Resource Recycling reported standalone net profit for the quarter ended March 2026 at Rs 62 crore compared to Rs 126.8 crore in December 2025 quarter.
Board approved proposal to set up new plant for Plastic Recycling Facility with an estimated capex of Rs. 15 crores and expected to be operational by Q3 FY27.
Shares dragged over 10% to Rs 508.85 on the NSE
May 18, 2026 14:40
Gold silver
Gold futures rise ₹598 in volatile trade amid tensions in West Asia
In a volatile session, gold prices on Monday rose by ₹598 to ₹1.59 per 10 grams in futures trade amid persistent geopolitical tensions in West Asia.
Gold futures rise ₹598 in volatile trade amid tensions in West Asia
Gold futures rise by ₹598 to ₹1,59,145 amid volatile trade and escalating tensions in West Asia.
May 18, 2026 14:36
Stock market
Mangalam worldwide announces 10:1 stock split to boost liquidity
Mangalam Worldwide Limited (MWL), a leading fully integrated stainless-steel manufacturer, has announced a 10:1 stock split, reducing the face value of its equity shares from ₹10 to Re. 1, aimed at improving liquidity and retail participation.
The company reported FY26 revenue of ₹1,214.98 crore and PAT of ₹50.14 crore, while its stock closed at ₹359.50, up 1.24% today.
May 18, 2026 14:33
Quarterly results
Strides Pharma reports Q1 profit drop, declares ₹5 dividend
Strides Pharma Science (STAR) reported consolidated net profit for the quarter ended March 2026 at Rs 129.28 crore compared to Rs 208.12 crore in December 2025 quarter and 85.61 crore in March 2025 quarter.
Board recommended final dividend of Rs 5 per share.
Shares flat on the NSE at Rs 1,156.50.
May 18, 2026 14:32
EPACK Prefab posts 34.5% revenue jump in FY26, stock falls 4%
EPACK Prefab Technologies Limited reported a 34.5 per cent year-on-year rise in revenue from operations to ₹1,525.3 crore for the financial year ended March 31, 2026, while profit after tax jumped 56.2 per cent to ₹92.6 crore. The Noida-based prefab solutions company released its audited financial results on Saturday, May 16.
EPACK Prefab posts 34.5% revenue jump in FY26, stock falls 4%
EPACK Prefab reports 34.5% revenue growth in FY26, but stock falls 4% amid high sell orders.
May 18, 2026 14:31
Quarterly results
Cantabil Retail India reports ₹29.23 crore profit in Q4
Cantabil Retail India reported profit after tax for the quarter ended March 2026 at Rs 29.23 crore compared to Rs 45.09 crore in the December 2025 quarter.
Shares traded at Rs 229.64 on the NSE, up 1.64%.
May 18, 2026 14:24
Stock market
Sensex, Nifty off day's low, but cautious sentiment continues
Benchmarks trade marginally lower, off the day’s low. At around 2.20 pm, Sensex shed 36.99 pts or 0.05% to 75,201; and Nifty 50 slipped 34.10 pts or 0.14% to 23,609.40.
May 18, 2026 14:22
Industry update
Vinati Organics subscribes to rights issue of wholly owned unit Veeral Organics
Vinati Organics has subscribed to the additional fully paid-up equity shares of the face value of ₹ 10/- each at par, amounting to ₹ 19.88 crore by way of subscription towards the rights issue of Veeral Organics Pvt. Ltd., a Wholly Owned Subsidiary of the Company, and the issued shares rank pari-passu to existing equity shares of Veeral Organics Pvt. Ltd
May 18, 2026 14:19
Gold silver
Why gold weakens below ₹1,58,500 amid Fed rate hike fears
Why gold is under pressure as it falls below ₹1,58,500 level
Gold prices fall below ₹1,58,500 due to rising US inflation, stronger dollar, and expectations of Fed rate hikes.
May 18, 2026 14:19
Gold silver
Silver futures slide to ₹2.7 lakh/kg as oil rally fuels inflation concerns
Silver futures slide to ₹2.7 lakh/kg as crude oil rally fuels inflation concerns
Silver prices declined by Rs 1,832 to Rs 2.70 lakh per kilogram in futures trade on Monday as a rally in crude oil rates amplified inflation concerns and the strength of the US dollar in overseas markets weighed on investors' sentiment.
May 18, 2026 14:16
Companies
Tata Power, Druk Green ink pact to build training framework for clean energy in Bhutan
Tata Power, Druk Green ink pact to build training framework for clean energy in Bhutan
Tata Power and Druk Green Power sign agreement to train 5,000 MW clean energy workforce in Bhutan through TPSDI.
May 18, 2026 14:15
Companies
JSW Energy sells 2.5 crore JSW Steel shares for ₹3,150 cr via bulk deal
JSW Energy sells 2.5 crore JSW Steel shares for ₹3,150 cr via bulk deal
JSW Energy on Monday announced the sale of 2.5 crore equity shares in JSW Steel for ₹3,150 crore through a bulk deal on the National Stock Exchange of India Ltd on May 18.
May 18, 2026 14:12
Commodities
Platinum demand for Indian vehicle production up 1% in Q1, but jewellery offtake down 15%
Platinum demand for Indian vehicle production up 1% in Q1, but jewellery offtake down 15%
Platinum demand rises for vehicle production in India, but jewellery offtake plummets 15% amid global market deficits.
May 18, 2026 14:11
Agriculture
FCI to raise ₹50,000 crore short-term loan for foodgrain operations
FCI to raise ₹50,000 crore short-term loan for foodgrain operations
The Food Corporation of India (FCI) is set to raise short-term debt of ₹50,000 crore from scheduled banks for a three-month tenure, with a green shoe option to mop up an additional ₹25,000 crore, a senior government official said on Monday.
May 18, 2026 14:10
Stock in Focus: NTPC
NTPC: Unit-2 (800 MW) of Patratu Vidyut Utpadan Nigam Limited (PVUNL), a subsidiary of NTPC Limited, has completed trial run operation and consequently included in the installed capacity of NTPC Limited.
Shares traded at Rs 388.50 on the NSE, down 2%.
May 18, 2026 14:06
Expert View | Renisha Chainani, head of research at Augmont
Global precious metals markets endured one of their most punishing weeks of 2026, as a confluence of surging US inflation data, aggressive Fed repricing, dollar strength, and a deepening geopolitical impasse in the Middle East combined to drive gold and silver sharply lower. The selloff was broad, rapid, and technically significant — erasing weeks of accumulated gains and forcing a reassessment of the near-term outlook for both metals.
Gold has retreated to approximately $4530/oz — a weekly decline of around 4% and the metal’s weakest closing level since March 2026. Silver’s losses are more severe and more telling. Spot prices collapsed to $75/oz on May 15, shedding a decline of more than 10%. The gold/silver ratio widened sharply from 53.6:1 to 59:1 in one day, a move that underscored silver’s vulnerability in risk-off environments.
Last Inflation Double-Strike
The week’s defining catalyst was a simultaneous upside surprise across the US inflation complex. April CPI printed at 3.8% year-over-year, its highest reading since 2023, beating consensus on both the monthly and annual measures. PPI posted its steepest single-month increase since early 2022, while import and export prices rose at their fastest pace in three years. The structural driver behind this inflationary surge remains the Iran conflict and the sustained closure of the Strait of Hormuz, which continues to keep global energy costs elevated. In a single week, this dual inflation print achieved what months of cautious Fed communication had attempted — it comprehensively killed market expectations for rate cuts in 2026.
Fed Repricing and the Warsh Effect
Markets have now fully priced out any Fed rate cut this year. Traders are pricing at least one rate hike by March 2027, with odds above 50% for a move before year-end 2026. The Senate’s confirmation of Kevin Warsh as Fed Chair added a further hawkish dimension. Warsh’s policy posture is widely expected to sustain — and potentially deepen — the current restrictive rate environment. For gold, this is a direct structural headwind: rising real yields compress the opportunity cost advantage of holding a non-yielding asset, and the market wasted no time reflecting that reality in prices.Geopolitical Deadlock and Structural Demand
On the geopolitical front, peace remains elusive. President Trump described Iran’s latest proposal as unacceptable, while Iranian media reported no substantive US concessions. The Strait of Hormuz remains closed, and escalation risks are rising. This stalemate simultaneously fuels energy inflation and reinforces the dollar’s reserve currency status — an unusual combination that neutralises gold’s traditional crisis premium.
Yet not all signals are bearish. India’s gold ETF inflows surged 186% year-on-year in Q1 2026 to a record 20 metric tons, with total demand nearly doubling to $25 billion — though an import duty hike may dampen near-term jewelry purchasing. More significantly, the People’s Bank of China made substantial gold purchases in April, and Chinese ETF inflows remained firm. These structural buying patterns represent a floor beneath the long-term bull case, even as short-term macro forces clearly dominate price action.
Indian Policy sequence- Three moves in five days
India government executed the most sweeping restructuring of its silver import framework in recent history — deploying three policy instruments within five days that collectively amount to a structural reset of the country’s bullion supply chain. A 15% import duty, a “Restricted” import classification, and a revised MCX Good Delivery framework for domestic refiners have together created a new market architecture. This report analyses the policy rationale, market implications, supply chain disruptions, and the medium-term outlook for silver prices, premiums, and sourcing channels in India.
Last week’s price action delivered a clear message: in an environment of persistent inflation, a hawkish Fed, and a strengthening dollar, gold’s safe-haven appeal is not unconditional. The metal can — and did — sell off sharply when macro headwinds align. How quickly those conditions shift will determine whether this correction deepens or sets the stage for renewed accumulation. Gold has found near-term support around the $4500/oz level. A sustained break below this threshold would expose the next significant support at $4300/oz, representing meaningful further downside from current levels. Conversely, if prices stabilise and recover from this zone, the immediate upside target lies in the $4700–$4750/oz range.
Silver, having already absorbed a sharp weekly decline, faces a critical juncture near $75/oz. A breach of this level would open the door to the next downside supports at $70/oz and $67/oz respectively. On the upside, a technical rebound from current levels could carry prices back toward the $80–$82/oz zone.
May 18, 2026 14:05
Banking
EXIM Bank eyes 10% jump in loan book in FY27 despite West Asia tensions
EXIM Bank eyes 10% jump in loan book in FY27 despite West Asia tensions
The Export-Import Bank of India is aiming for a 10 per cent jump in its loan book in the financial year 2026-27, despite the West Asia conflict, a top official has said.
May 18, 2026 13:54
Banking
Govt weighs options to revive stalled IDBI Bank privatisation
Govt weighs options to revive stalled IDBI Bank privatisation
Indian authorities are exploring ways to revive interest from potential buyers after their long-running efforts to divest a majority stake in the $8 billion-valued IDBI Bank Ltd. hit a snag, according to people familiar with the matter.
May 18, 2026 13:49
Quarterly results
Zydus Wellness FY26 profit halves to ₹197 cr despite 46% revenue growth
Zydus Wellness FY26 profit halves to ₹197 cr despite 46% revenue growth
Consumer wellness major Zydus Wellness Limited — that owns brands like Sugar Free and Glucon-D — reported a sharp decline in profitability in FY26, with consolidated net profit falling 47 percent year-on-year to ₹197 crore, even as revenue grew strongly on the back of portfolio expansion and acquisitions.
May 18, 2026 13:39
Stock down
KEC International stock hits 52-week low
KEC International stock hit 52-week low on the NSE at Rs 493.15 from the previous close of Rs 548.55.
Company posted consolidated net profit for the quarter ended March 2026 at Rs 192.79 crore compared to Rs 268.19 crore in the same quarter last year.
Board recommended dividend of Rs 5.50 per share.
May 18, 2026 13:39
Liberty Mutual Raises LGI Stake to 74%
Liberty Mutual Insurance today announced that it has increased its shareholding in Liberty General Insurance Limited (LGI) to 74%. This development follows the earlier increase in Liberty Mutual’s stake from 49% to 55.40% in September 2025.
Speaking on the development, Mr. Parag Ved, Chief Executive Officer & Whole-Time Director, Liberty General Insurance, said, “With stronger backing from Liberty Mutual, we are now better positioned to expand our distribution footprint and deepen our presence across retail and commercial line segments. Our focus remains on building a business that is consistent, resilient, and built on sound fundamentals, while remaining adaptable in a market that is defined by constant change.”
May 18, 2026 13:36
Quarterly results
VRL Logistics Q4 results
VRL Logistics posted net profit for the quarter ended March 2026 at Rs 72.14 crore compared to Rs 74.27 crore in the same quarter last year.
In FY26, the PAT stood at Rs 236.83 crore compared to Rs 182.92 crore in the year-ago period.
Shares were down 4% to Rs 238.25 on the NSE.
May 18, 2026 13:36
Bank of India revises FD rates
Bank of India has revised FD rates for deposits below ₹3 crore, effective 18 May 2026. Revised rates: 6.50% (1–2 yrs), 6.60% (2–3 yrs), and 6.70% (3 yrs). Senior & Super Senior Citizens will get additional benefits up to 0.90% p.a
May 18, 2026 13:35
Kotak Alts Invests ₹200 Million in Cellogen Therapeutics
Kotak Alternate Asset Managers Limited (Kotak Alts), through its Kotak Life Sciences Fund I (KLSF-I), which invests in early- to growth-stage life sciences and healthcare businesses, has made an investment of INR 200 million in Cellogen Therapeutics, a biotechnology company focused on cell and gene therapies.
The investment will be used to advance Cellogen’s CAR‑T clinical programs, expand its gene therapy pipeline, and strengthen its GMP‑compliant manufacturing and regulatory capabilities.
Ashish Ranjan, Director, Kotak Alts, said, “India carries a high burden of blood cancers and genetic blood disorders, yet access to advanced therapies such as CAR‑T and gene therapy remains limited, largely due to cost. Cellogen is working to address this gap through an indigenous, IP‑led platform that brings together next‑generation science and cost‑efficient development. Its bispecific CAR‑T program places the company among a small group working on advanced multi‑targeted CAR‑T approaches globally. We see the potential for meaningful clinical impact and for building scalable, affordable cell and gene therapy capabilities from India.”
May 18, 2026 13:13
Share market live: HDB Financial Services board allotted NCDs aggregating to Rs 300 crore.
May 18, 2026 13:13
Share market live: Amber Enterprises shares crash nearly 15% after Q4 results disappoint on PAT front
Amber Enterprises shares crash nearly 15% after Q4 results disappoint on PAT front
Amber Enterprises shares plunge nearly 15% post-Q4 results, revealing disappointing PAT despite strong revenue growth, sparking investor concerns.
May 18, 2026 13:10
Stock in focus: Amber Enterprises shares crash nearly 15% after Q4 results disappoint on PAT front
Amber Enterprises shares crash nearly 15% after Q4 results disappoint on PAT front
Amber Enterprises shares plunge nearly 15% post-Q4 results, revealing disappointing PAT despite strong revenue growth, sparking investor concerns.
May 18, 2026 13:09
Corporate deals: TVS Motor to acquire 4.9% stake in Jana Small Finance Bank for ₹193 crore
TVS Motor to buy 4.9% stake in Jana Small Finance Bank for ₹193 crore
TVS Motor will acquire a 4.9% stake in Jana Small Finance Bank for ₹193.3 crore as the TVS Venu group expands its financial services business.
May 18, 2026 13:02
Stock Market Live: Zydus Wellness Q4 profit surges; board recommends Rs 1.20 dividend, shares down 1% at Rs 494.80
Zydus Wellness posted standalone net profit for the quarter ended March 2026 at Rs 13.3 crore compared to Rs 3.7 crore in the same quarter last year.
Board recommended final dividend of Rs 1.20 per share.
Shares traded at Rs 494.80 on the NSE, down over 1%
May 18, 2026 13:02
Stock Market Live: Marine Electricals jumps 4% to Rs 227 on Rs 209 crore order wins
Marine Electricals (India) secured multiple orders aggregating to Rs 208.72 crore.
Shares surged 4% to Rs 227 on the NSE.
May 18, 2026 13:02
Stock Market Live: Hind Rectifiers falls 11% to Rs 845; approves Rs 100 cr preferential share issue
Hind Rectifiers shares dragged 11% to Rs 845.
The company approved preferential issuance of 10.7 lakh shares worth Rs 100 cr
May 18, 2026 12:36
Stock Market Live: DRC Systems Q4 profit drops; board approves investment in Skizzle Technolabs
DRC Systems India posted standalone net profit for the quarter ended March 2026 at Rs 68.2 lakh compared to Rs 152.1 lakh in the same quarter last year.
Board approved to make investment in Skizzle Technolabs India Private Limited (“Skizzle”). Post investment, Skizzle would become an Associate Company.
Shares traded at Rs 15.32 on the NSE.
May 18, 2026 12:35
share market live today: Bajaj Housing Finance has allotted NCDs aggregating to Rs. 500 crore on private placement basis
May 18, 2026 12:34
Ola Electric Mobility Q4 results re-scheduled to May 20, 2026
Q4 Results 18th May Live: IOC, JSW Cement, Zydus Wellness, DOMS Industries, Ola Electric Mobility, GE Vernova, Astral, Afcons Infra, Strides Pharma to announce Q4 results, Tata Steel, Vodafone Idea, Delhivery, Power Grid shares in focus
Q4 Results Today, 18th May 2026 Live Updates: Find all the latest Q4 results 2026 updates of 63 Moons Technologies, Afcons Infrastructure, AJAX Engineering, Amir Chand Jagdish Kumar (Exports), Antariksh Industries, Apollo Micro Systems, Aryaman Capital Markets, Associated Alcohols & Breweries, ASI Industries, Astral, Atlantaa, BEML Land Assets, BLS E-Services, Bodhtree Consulting, Bombay Talkies, Bharat Parenterals, Burnpur Cement, Cantabil Retail India, Chemkart India, Clio Infotech, John Cockerill India, Crysdale Industries, Capital Trade Links, Cupid Breweries And Distilleries, Danube Industries, Diamines & Chemicals, Dalmia Industrial Development, Digitide Solutions, DOMS Industries, DRC Systems India, Easy Fincorp, Electrosteel Castings, Emerald Leisures, Esquire Money Guarantees, Exhicon Events Media Solutions, Fortis Malar Hospitals, Garuda Construction and Engineering, Gujarat Narmada Valley Fertilizers & Chemicals, Goel Construction Company, GPT Healthcare, GE Vernova T&D India, HLE Glascoat, HP Cotton Textile Mills, Indraprastha Gas, IG Petrochemicals, Integra Capital, Indian Oil Corporation, Jain Resource Recycling, Jattashankar Industries, Jhandewalas Foods, JK Paper, JSW Cement, KK Shah Hospitals, K M Sugar Mills, Kundan Minerals And Metals, Lakshmi Mills Company, Landmarc Leisure Corporation, Manba Finance, Monte Carlo Fashions, Nelcast, Neogem India, Ola Electric Mobility, Olympic Cards, OnMobile Global, The Phosphate Company, Promact Plastics, Puravankara, Pyxis Finvest, Rama Phosphates, Rishabh Instruments, Rose Merc, Shivalik Bimetal Controls, Seamec, Sedemac Mechatronics, Shervani Industrial Syndicate, Shree Pushkar Chemicals & Fertilisers, Siyaram Recycling Industries, Sun Pharma Advanced Research Company, Stanrose Mafatlal Investments & Finance, Strides Pharma Science, Seshaasai Technologies, Baazar Style Retail, Subros, Sunsky Logistics, Super Sales India, Telge Projects, Tera Software, TGB Banquets and Hotels, Timken India, Triveni Turbine, Tuticorin Alkali Chemicals And Fertilizers, Unjha Formulations, Vibrant Global Capital, Visaka Industries, VRL Logistics, Yasho Industries, and Zydus Wellness. Stay tuned for more from businessline
May 18, 2026 12:27
Commodities update: Copper futures slip on muted domestic demand
Copper prices fell marginally by Rs 6.90 to Rs 1,351.80 per kilogram in the futures trade on Monday, amid muted demand in the domestic spot market.
On the Multi Commodity Exchange (MCX), copper for June delivery slipped Rs 6.90, or 0.51 per cent, to Rs 1,351.80 per kg in a business turnover 1,113 lots.
Traders said subdued domestic demand from consuming industries weighed on copper prices in futures trade. - PTI
May 18, 2026 12:24
Commodities update: Zinc futures ease on weak demand
Zinc prices on Monday fell 15 paise to Rs 360.70 per kg in futures trade as speculators reduced their exposure, tracking negative cues from the spot market.
On the Multi Commodity Exchange, zinc contracts for June delivery slipped by 15 paise, or 0.04 per cent, to Rs 360.70 per kilogram in a business turnover of 117 lots.
Analysts said the trimming of positions by participants, owing to slackened demand from consuming industries in the physical market, mainly weighed on zinc prices. - PTI
May 18, 2026 12:23
Commodities update: Aluminium futures rise on fresh bets
Aluminium prices on Monday rose nearly 0.46 per cent to Rs 380 per kg in futures trade as speculators built up fresh positions amid a positive trend in the spot market.
On the Multi Commodity Exchange, the price of aluminium for delivery in June increased by Rs 1.75, or 0.46 per cent, to Rs 380 per kilogram in 1,337 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market. - PTI
May 18, 2026 12:17
Share Market Live: TVS Motor to acquire 4.9% stake in Jana Small Finance Bank
TVS Motor Company approved the execution, delivery and performance of the share purchase agreement (“SPA”) to be executed between the Company and Jana Holdings Limited in relation to the proposed purchase of equity shares constituting 4.90% of the paid-up share capital of Jana Small Finance Bank Ltd as on 18 May 2026.
May 18, 2026 12:16
Stock Market Live: Arvind shares jump 5% after Q4 net profit rises 6.4% to Rs 164.56 crore
Arvind shares surged 5% on the NSE to Rs 472.40.
It reported a 6.4 per cent increase in its consolidated net profit to Rs 164.56 crore for the March quarter of FY2025-26.
May 18, 2026 12:15
Stock Market Live: Akums Drugs resumes full operations at Uttarakhand sites; shares flat at Rs 519.60
Akums Drugs and Pharmaceuticals informed that all the manufacturing operations at the affected sites of the Company and its Subsidiaries, situated in the state of Uttarakhand, have been resumed at 100% operations capacity with effect from 18th May, 2026. The partial disruption in production at Haridwar sites lasted for four days which resulted in delayed supply of approx. Rs 20 Cr. We are hopeful to make up for the production loss in the coming weeks.
Shares flat on the NSE at Rs 519.60
May 18, 2026 12:15
Nifty at noon: Top movers of Nifty midcap 100
Top movers of Nifty midcap 100: Coforge (+3.42%), OFSS (+3.36%), Persistent Systems (+3.25%), Mphasis (+2.04%), VMM (+1.80%)
Losers: Cochin Shipyard (-5.58%), Godfrey Phillips (-4.80%), HUDCO (-4.28%), Paytm (-4.19%)
May 18, 2026 12:11
Stock Market Live: Sensex down 496 pts, Nifty slips 162 pts around noon
Around 12 noon, Sensex traded 496.32 pts or 0.66% lower at 74,741.67, and Nifty 50 was down 161.65 pts or 0.68% to 23,481.85.
May 18, 2026 11:59
Stock Market Live: United Breweries shuts Ludhiana unit; shares flat at Rs 1,354.30
United Breweries has informed the Exchange regarding ‘Closure of Operations of Ludhiana Brewery/Unit’.
Shares traded flat at Rs 1,354.30 on the NSE.
May 18, 2026 11:59
Commodities update: China's aluminium output rises in April, driven by strong profit
China’s aluminium output remained strong in April, according to official data released on Monday, supported ‌by strong margins.
The country’s aluminium production rose by 3.1% from ⁠a year earlier to 3.87 million metric tons in April, according to data released by ‌the National Bureau of Statistics.
In the first four months of ‌the year, China produced ‌15.33 million ⁠metric tons, a rise of ⁠3.5% from the same period last year. - Reuters
May 18, 2026 11:52
Financial markets update: India bonds sink tracking global debt rout, oil jump
India bonds sink tracking global debt rout, oil jump
India's bonds decline amid global debt rout and rising oil prices, raising inflation fears and impacting the rupee.
May 18, 2026 11:52
Stock Market Live: Piramal Pharma receives US FDA EIR for Digwal facility
Piramal Pharma: US FDA has issued an Establishment Inspection Report (EIR) for the manufacturing facility located at Digwal, Telangana, India.
May 18, 2026 11:51
Share market live: Pace Digitek has received a Letter of Award from NLC India Renewables
May 18, 2026 11:51
Nifty today: Top gainers of Nifty IT index: OFSS (+3.52%), Tech Mahindra (+3.35%), Coforge (+3.21%), Persistent Systems (+2.74%), LTM (+2.55%)
May 18, 2026 11:51
MF updates: Altiva SIF by Edelweiss Mutual Fund launches Altiva Equity Ex-Top 100 Long-Short Fund
NFO opens from May 18 to June 1, 2026
Key Highlights:
* Focused SMID Strategy: The fund will invest across mid- and small-cap companies (ranked 101–750 by market capitalization) to tap into emerging growth opportunities.
* High-Conviction Portfolio: A predominantly long-only, sector-agnostic strategy comprising 35–45 high conviction, bottom-up ideas from the SMID universe.
* SMIDs as Alpha Generators: Small and mid-cap segments have historically been fertile ground for multi baggers, driven by high-growth sectors that offer significant alpha beyond large caps.
* Strong Track Record of Wealth Creation: Over the past five years, the SMID universe has delivered 185 multi-bagger stocks, compared to just 13 in the large-cap space, highlighting a compelling opportunity for superior returns.
* Attractive Valuation Entry Point: Following a recent correction from peak levels, small and mid-cap valuations have become more reasonable, improving the risk-reward proposition.
May 18, 2026 11:50
Stock Market Live: NHPC shares flat at Rs 76.66 after 68% rise in Q4 net profit
NHPC shares flat on the NSE at Rs 76.66. It reported over 68 per cent jump in consolidated net profit at Rs 1,549.42 crore for March quarter 2025-26
May 18, 2026 11:35
Commodities update: NSE Commences Trading in Electronic Gold Receipts (EGRs)
The National Stock Exchange of India (NSE) is pleased to announce the successful commencement of live trading in the Electronic Gold Receipts (EGR) segment with effect from today, 18 May 2026. The launch follows a comprehensive mock trading exercise conducted on Saturday, 16 May 2026, which was completed without any errors or system exceptions, and live trading has accordingly commenced seamlessly with all systems functioning as designed.
May 18, 2026 11:34
Nifty today: Top gainers of Nifty IT index: OFSS (+3.52%), Tech Mahindra (+3.35%), Coforge (+3.21%), Persistent Systems (+2.74%), LTM (+2.55%)
May 18, 2026 11:34
Stock Market Live: Info Edge invests Rs 30 crore in subsidiary; shares flat at Rs 924.15
Info Edge (India) has agreed to invest an amount of about Rs. 30 Crores in Startup Investments (Holding) Limited, a wholly-owned subsidiary of the Company.
Shares traded flat on the NSE at Rs 924.15.
May 18, 2026 11:32
Stock in focus: Info Edge
Info Edge (India) has agreed to invest an amount of about Rs. 30 Crores in Startup Investments (Holding) Limited, a wholly-owned subsidiary of the Company.
Shares traded flat on the NSE at Rs 924.15.
May 18, 2026 11:31
Stock in focus: Balrampur Chini Mills
Balrampur Chini Mills stock declined by 1% to ₹532.60, hitting a low of ₹525.10 from the previous close of ₹539.60.
It posted a 30 per cent decline in its consolidated net profit to ₹159.56 crore for the quarter ended March on higher expenses.
May 18, 2026 11:25
Quarterly results
Monarch Networth Capital posts 21.4% growth in PAT in FY26; launches ₹3,000 crore AUM expansion plan
Monarch Networth Capital Limited reported strong FY26 audited results, with Profit After Tax rising 21.4% year-on-year to ₹181.2 crore despite challenging market conditions. The company achieved a Return on Equity of 20.5%, total revenue of ₹373 crore, and net worth of ₹972 crore. Building on its growth trajectory, Monarch’s Board approved an aggressive FY27 roadmap focused on scaling its asset management business. Key initiatives include targeting ₹3,000 crore AUM by March 2027, launching an open-ended AIF, introducing a pre-IPO/private equity fund, and rolling out its first mutual fund scheme by September 2026.
May 18, 2026 11:21
Companies
Maruti Suzuki commences second factory at Kharkhoda with 2.5-lakh units
Maruti Suzuki commences second factory at Kharkhoda with 2.5-lakh units
Maruti Suzuki India Limited (MSIL) on Monday said it has commenced commercial production at the second plant of its Kharkhoda manufacturing facility in Haryana that will add production capacity of another 2.5 lakh units per annum to its total capacity.
May 18, 2026 11:16
Stock down
SAIL shares volatile after Q4 earnings, brokerages divided on steel cycle outlook
SAIL shares volatile after Q4 earnings, brokerages divided on steel cycle outlook
Shares of Steel Authority of India (SAIL) witnessed a volatile trading session on Monday after the company reported a sharp rise in March quarter earnings, while brokerages remained divided on the sustainability of steel spreads and volume growth outlook.
May 18, 2026 11:10
Imagicaaworld Entertainment has approved a strategic investment of up to Rs 100 crore in “Shanku’s Water Park”, a landmark destination near Ahmedabad.
May 18, 2026 11:10
MICL GROUP ACQUIRES ULTRA-LUXURY SEA-VIEW RESIDENTIAL DEVELOPMENT OFF BANDSTAND, SANDRA WEST, MUMBAI WITH~ 1,000 + CR GDV
May 18, 2026 10:59
Stock down
Vi shares slide 2.4% despite AGR windfall; analysts eye critical debt raise
Why Vodafone idea shares fell 2.4% despite AGR windfall?
Vodafone Idea shares dip 2.4% despite profit boost; analysts highlight critical debt raise for future sustainability.
May 18, 2026 10:56
MCX Natural Gas Futures: Bullish. Go long on dips
MCX Natural Gas Futures: Bullish. Go long on dips
Bullish outlook on MCX Natural Gas Futures; go long on dips with targets of ₹310 and strategic stop-losses.
May 18, 2026 10:55
Brokerages on Vishal Mega
HSBC on Vishal Mega
Buy, TP Rs 170
Strong Q4 SSSG of 12.1% vs HSBCe of 7%; marginal EBITDA miss due to GM miss (higher discounts)
EBITDA expansion continues, up 39% YoY.
Management highlighted VMM performs better during inflation
VMM is one of preferred picks in consumer discretionary
Jefferies on Vishal Mega
Buy TP Rs 160
After HSD SSS in the earlier quarter, VMM reported an acceleration in SSSG to c12% at the reported level, ahead of JEFe and helped overall revenues.
Slightly lower adj. EBITDA margin resulted in an inline perf., with pre-Ind AS EBITDA up c40% YoY.
Own brand remains a key focus as its share rose slightly YoY during the year.
Mgmt. flagged near-term input cost pressures amid geopolitical uncertainty, but remains confident of strong earnings growth ahead.
May 18, 2026 10:55
Brokerages on DLF
HSBC on DLF
Buy, TP Rs 920
Pre-sales beat expectations as Dahlias picked up momentum; cash pile continues to grow
Believe commercial portfolio lends stability & track record of strong value creation will drive residential segment
CITI On DLF
Buy, TP cut To Rs 770
Q4 FY26 pre-sales of Rs201 billion — meeting lower end of guidance despite ongoing geopolitical headwinds that have impacted other luxury real estate players.
Management expects FY27 pre-sales of Rs200 billion, supported by four new launches (Arbour Senior Living, Hamilton 2, Westpark Mumbai, and Goa).
Notably, 32 units of The Dahlias were sold in 4QFY26, reflecting sustained demand for ultra-luxury product.
New launch execution remains the key monitorable for FY27 pre-sales visibility.
DLF’s strong brand, premium positioning, and customer preference for quality developers remain structural tailwinds
May 18, 2026 10:55
Stock Market Live: FDC Ltd gains USFDA ANDA approval for Cefixime oral suspension; shares trade at ₹361.95 on NSE
FDC Ltd has been granted ANDA approval by USFDA for Cefixime for Oral Suspension USP, 100 mg / 5 mL and 200 mg/ 5 mL.
Shares traded at Rs 361.95 on the NSE.
May 18, 2026 10:54
Stock recommendation: GS on Azad Eng
Buy, TP Rs 2460 from Rs2200
Q4 performance was slightly lower compared to estimates.
However, revenue growth and EBITDA margin for FY26 were at 32% YoY and 37.4% respectively, ahead of management’s guidance of 25% and 35%.
Going ahead, expect short-term growth to be led by the existing robust order book (book/bill of 10.8x).
In medium term, see major potential from two developments:
1) supply of hot engine components to MHI; and
2) supply of 20 ATGG engines that mark the transition of the company from component supplier to a systems supplier
Engines (along with spares) are likely to be delivered in three batches starting FY27.
May 18, 2026 10:54
Stock recommendation on Deyvani
Jefferies on Deyvani
Buy, TP Rs 155
Op. trends improved sequentially with KFC SSSG at a multi-quarter high, a key positive.
Margins were resilient, esp. driven by international, even while there was some pressure in India.
Overall earnings were ahead of JEFe.
Network rationalisation continued, but mgmt sounded optimistic on demand, store expansion and the Devyani-Sapphire merger, which supports a positive outlook for stock
Mgmt. team, under new CEO, will be in place during 1Q.
CITI on Devyani
Buy, TP raised to Rs 177
Revenue grew 18% YoY (3% above Citi est) while EBITDA grew 14% YoY (5% above Citi est).
KFC continued to witness improvement in SSG and turned positive (+4.9% in 4Q vs -2.9%/-4.2% in 3Q/2Q).
Management highlighted (a) SSG trend of 4Q has sustained in the last 45 days as well; (b) increased focus on dine-in (pricing, promotion, etc) led to improvement in SSG trend; (c) merger process is progressing as per plan and is likely to complete by end of FY27
Expect QSR to be biggest beneficiary of uptick in discretionary spending; sustained improvement in SSG going forward (as seen in 2HFY26) can drive re-rating.
GS on Devyani
Buy, TP Rs 142 from Rs130 earlier
Significant improvement in KFC SSSG in 4Q, & positive commentary
Devyani management also mentioned that demand momentum has continued into 1QFY26
Co plans to add 100-110 KFC in FY27, which is in line with expectations.
KFC’s demand recovery is dine-in led and margin accretive
Management bandwidth strengthened ahead of the merger with Sapphire
May 18, 2026 10:53
Stock recommendation on Data Pattern
Jefferies on Data Pattern
Buy, TP Rs 4500
March Qtr EBITDA was 13% above estimates given the 528 bps margin surprise at 55.9%.
Medium term order pipeline was raised from Rs20-30 bn to Rs20-40 bn.
Management maintained FY27E guidance of 20-25% revenue growth and 35-40% margins, which compares with 31% YoY revenue rise and 40% margins achieved in FY26.
In-house technology in a growing defence pie should reflect in profits rising 2.4x in FY26-30E.
GS on Data Pattern
Buy, TP Rs 4165 from Rs3650
Q4F mixed with revenue missing estimates, while EBITDA being inline
Revenue mix was driven largely by the timing of execution than the pace.
Going ahead, stay positive mainly due to:
1) Robust order book pipeline- INR 10.9bn worth of orders negotiated, but contract awaited and another INR 19bn of potential production orders where development is already complete; and
2) Export potential due to the vertically integrated business model.
On working capital, see signs of moderation- down from 428 days in FY25 from 365 days in FY26, which is another key positive.
May 18, 2026 10:53
Stock recommendation on HAL
Jefferies on HAL
Buy, TP Rs 6300
March Qtr EBITDA was 10% below estimates led by a 9% revenue miss.
However, PAT was 3% above expectations given better other income
Lower FY27E-28E EPS by 3-8% factoring lower gross margins that was seen in March Qtr
Believe as execution picks up, particularly delivery of Tejas Mk1A aircraft in next 3 months, stock should move higher.
UBS on HAL
Sell, TP Rs 3200
Q4FY26 - Provision led EBITDA beat; execution & long term growth challenges persist
a)FY26, revenue/EBITDA/PAT grew by 7%/2%/9% YoY, with margins at 29.6% vs management guidance of 7–8% topline growth & 31% EBITDA margins for FY26.
b) Contrary to management’s optimism of Tejas deliveries commencing in FY26, no deliveries have materialized so far.
c) On the capex front, it incurred ~Rs24bn, with Rs120bn capex plan by FY30.
d) Of total Rs 690bn manufacturing orders in FY26, Rs 623bn relates to 97 LCA Mk1A aircraft.
e) Operating cashflow at 109bn (vs 136bn) remained healthy supported by customer advances against Tejas order.
CLSA on HAL
O-P, TP Rs 5265
PAT was ahead on delivery of engines, helicopters and treasury income, while margins held well.
Its cash pile rose to US$4.9bn, up 21% YoY, on large advances and its conservative accounting policy of parking economic value add in the balance sheet until delivery of platforms
See start of Mk 1A delivery (2Q) and visibility on the GE engine production deal as key catalysts
See HAL as cheapest pure-play defence stock despite its sector-leading compelling position, while it is trading at what view as a deserved premium to global aerospace peers given its Make-in-India pipeline and market access.
JPMorgan on Hindustan Aeronautics
Recommendation Overweight; Target ₹5145, Earlier Target ₹6004
LCA delivery delays remain an overhang
FY27 Guidance: Double-digit growth targeted, manufacturing to lead
Valuations are cheap especially in the context of the large order book and high RoCEs/RoEs
May 18, 2026 10:52
Stock recommendation on Premier Engg
Jefferies on Premier Eng
Buy, TP Rs 1135
Reported Ebitda/PAT 5%/21% ahead of JEFe.
Silver price hedging has supported margin.
Order book was flat q/q with strong visibility of revenue/Ebitda over FY27-1HFY28.
Working capital expanded weighing on OCF. Power demand recovery in FY27 should aid renewable
Project 33% FY26-28E Cagr, Valuation is 1 SD below mean.
UBS on Premier Eng
Buy, TP Rs 1340
Q4 - Margin beat led by favourable mix; strategically well-positioned
a) Order book stands at 9.4GW (up 77% YoY; flat QoQ), with a healthy mix of modules and cells. In absolute terms, this translates to Rs140bn, (Rs25bn orders in Q4FY26, up 8% YoY).
b) Cell production ramp-up has been strong, with Q4 output at 722MW (vs. 590MW in Q3), supporting margin resilience, enabling Premier to outperform peers despite sector-wide margin pressures.
c) For FY26, total cell production was 2.26GW (vs. 1.6GW YoY), with 84% effective capacity utilization.
d) Premier remains on track on capacity expansion, targeting 4.8GW cell capacity by June 2026 & an additional 2.2GW by Sep-26.
e) On backward integration, execution remains on track, with 5GW ingot-wafer capacity by Dec-27 & remaining 5GW by Dec-28.
Management commentary & outlook Management remains positive on demand with strong visibility (Rs140bn order book) & expects sustained momentum in FY27, led by policy tailwinds
Kotak Inst Eqt on Premier Eng
Sell, TP raised to Rs 900 from Rs790
Delivered weaker-than-expected revenue at Rs22.3 bn (+38% yoy), 10.9% below KIE estimate, with steady EBITDA margin despite commodity cost pressures
Co achieved module capacity target of 11.1 GW on time & remains on track for cell capacity of 10.6 GW by 1HFY27
While Transcon transformer acquisition is complete and expansion on track, KSolare inverter acquisition did not materialize and BESS commissioning has been delayed, which was a negative.
Factoring in adjustment in module & cell volumes driven by on-track commissioning, partly offset by delay in BESS, increase FY2027/28E EPS by 3.5%/2%
May 18, 2026 10:52
Stock recommendation on Delhivery
UBS on Delhivery
Buy, TP Raised to Rs 630
Strong Q4 with revenue of Rs28.5bn (+30% YoY), ahead of expectations
This was driven by robust growth across core transport segments (express and PTL),
Alongside, there was a profitability beat led by continued margin expansion.
Operational performance reflects strong volume momentum and effective integration of Ecom Express, while profitability was supported by sustained efficiency gains and improved segment-level execution.
Key notable is sequential growth in express volumes despite Q3 being a strong quarter seasonally.
GS on Delhivery
Neutral, TP Rs 480
4QFY26 revenues of Rs28.5bn (+6% vs GSe) at 30% yoy growth.
Express parcels volume surged 73% yoy to 306mn (>1bn in FY26), but revenues were up only 46% implying lower realization.
PTL volumes grew by 20% yoy with stable realization.
Across other businesses segments, growth was weak.
Adjusted EBITDA came in at Rs1,512mn, below GSe of Rs1,974mn.
While service EBITDA was higher, the increase in corporate overheads in the quarter was higher than GSe.
This quarter had Rs220mn of integration costs which we had not built-in.
It turned free cashflow positive much earlier than guidance of FY27 end with net working capital cycle at 11 days.
CITI on Delhivery
Buy, TP Rs 565
Express Parcel volumes at 306mn (+4% QoQ; +9% vs Citi) show continuing gains from 3PL consolidation + increased outsourcing at leading horizontal e-commerce platform
Post acquisition of Ecom Express, Delhivery’s ecommerce volumes in FY26 are up 40% YoY, while PTL revenues are up 19% YoY and transportation business Adj EBITDA margins have expanded c300bps to 6%+ (Guidance: 10%+ in FY29E).
Looking ahead, expect rangebound capex (<5% of rev) & working capital requirements to result in improvement in network utilization & free cash flows – expect Adj EBITDA/FCF margins at 8%/2.5% in FY28E vs 4.4%/<1% in FY26 on revenue growth at 19% CAGR.
May 18, 2026 10:52
Stock recommendation on Voda Idea
Macquarie on Voda Idea
U-P TP Rs 9
4Q operationally in line
Net income was boosted by one-time gain from reversal of AGR dues.
VI’s net subscriber base saw a mild decline (-100k QoQ) to 193mn
ARPU rose 1.2% QoQ to Rs174/month (vs Bharti Airtel: -1% QoQ and Jio: flat).
As on Mar-Q, VI’s government dues were US$16bn (deferred spectrum liabilities and AGR liability) following recent AGR reassessment
In contrast, bank and financial liabilities was less significant at US$0.4bn, while cash balance was US$0.6 bn.
VI’s board approved a fundraise of Rs4.7bn (US$500mn) via issuance of warrants to the Promoter group.
UBS on Voda Idea
Neutral, TP Rs 12.40
Q4FY26: Early signs of operating turnaround
Revenue of Rs113.3bn, grew 2.9% YoY & largely flat QoQ.
Subscriber trends stabilized, with base remaining flattish QoQ at 192.8mn, while blended ARPU improved to Rs174 (+1.2% QoQ)
Lower personnel costs & access charges led to EBITDA growth of 1.5% QoQ to Rs48.9bn (+4.9% YoY), with margins expanding to 43.1% (+60bps QoQ).
Reported PAT was helped by one off gains recognised from the reversal / postponement of AGR dues (Rs574.9bn).
Net adjusted loss, however, came in at Rs55.1bn, higher than UBSe and consensus estimates
Co announced Rs 4730 cr fund raise, While positive, believe a much larger capital raise (equity / debt) is essential for co to sustain the operational stabilisation.
Citi on Vodafone Idea
Recommendation Buy; Target ₹14
Q4: Improving KPIs
AGR reset and promoter backing improves funding visibility
Equity infusion signals promoter confidence
Should catalyse closure of the long pending bank funding
May 18, 2026 10:51
Stock recommendation on SAIL
Investec on SAIL
Buy, TP Rs 270
A strong operational performance in Q4, with EBITDA beating estimate by 19%, driven by improved spreads.
Street is concerned that pricing and spreads may have peaked, but take a more constructive view, building in Rs2.2k/t QoQ spread expansion for Q1FY27E and flag further upside potential. Mgmt. guides 16% vol. growth (own) to 22MT for FY27, expect vol guidance to be achieved by FY28.
Mgmt. reiterates focus on efficiencies, growth capex.
Reiterate SAIL as best proxy to capture alpha on price/spread improvement induced by local tariffs.
MS on SAIL
UW, TP Rs 140
SAIL adjusted EBITDA was lower than MSe but ahead of consensus.
Volumes & realizations were weaker than expected, partially offset by lower costs.
1Q-F27 should see margin expansion on the back of higher steel prices.
F27 volume guidance of 22mnt looks optimistic to us.
CITI on SAIL
Sell, TP raised to Rs 180
4Q EBITDA rose ~53% yoy largely on higher realizations (8%); volumes flattish, costs rose ~2%.
Adj EBITDA/t: Rs8,280 vs. Rs4,465 in 3Q; Rs5,405 last year.
QoQ EBITDA/t move – higher realizations (Rs4,750/t), offset by higher costs (~Rs935).
Call highlights:
1) FY27 volume growth target ~13%, implied own volume growth ~17% - muted demand trends in 1H, recovery thereafter.
2) Spot realizations ~Rs4,500-5,000 higher vs 4Q, mgmt. expects prices to sustain.
3) Coking coal costs are higher vs. 4Q; SAIL expects FY27 wage costs to be lower yoy, this excludes wage revision due in Jan27.
4) net D/EBITDA 1.8x, FY26 capex ~Rs91bn, FY27 target ~Rs150bn.
Sell on : (1) Limited upsides to EBITDA/t – higher realizations may be offset by coking coal costs and wage revision, (2) SAIL’s growth targets are predicated on debottlenecking, next leg of capacities after 3 years, (3) Increasing capex (and net D/EBITDA).
May 18, 2026 10:51
Brokerage recommendation on Tata Steel
CLSA on Tata Steel
Hold, TP Rs 225
Q4 in-line, with standalone profitability of Rs15,236 (~+Rs2,150/t QoQ) and blended profitability rising in Europe (lower losses in the UK).
It guided for a 2mt volume uptick in FY27, but near-term profitability is likely to rise in 1QFY27 helped by a sharp price increase across geographies, partly offset by cost increases.
However, see limited opportunities for volume growth in medium term until NINL is commissioned (FY30/31) given back-ended capacity expansion.
JPM on Tata Steel
Downgrade to Neutral, TP Rs 220
After a 38% rally in last one year (vs. Nifty -5.5%), downgrade with an immediate trigger from regulatory cost headwinds in Netherlands
Netherlands faces risk of early closure of coke and gas plants, which could have cost implications (raw material/freight/potential employee restructuring, partially offset by lower CO2 costs). Management also pointed to some project delays in UK EAF (6-8 months due to electricity connectivity) and India-NINL (FID now expected in Jul-Sep)
1QFY27 earnings outlook is mixed: India/UK business should see margin improvement; however, Netherlands business will see margin compression due to production loss at DRI Steel Plant (emission limits exceeded)
Lower FY28E EBITDA by 2% as the trajectory of earnings growth could be impacted due to cost pressures (regulatory uncertainty in Netherlands, Middle East conflict)
CITI On Tata Steel
Sell, TP Rs 200
Adj EBITDA at Rs99.5bn (5% ahead) rose 20% qoq - better India realizations/volumes, lower UK losses.
India EBITDA/t (adj): Rs15,900 vs. Rs13,670 in 3Q, Rs13,265 last year.
Europe EBITDA/t: Positive $2 vs. negative $10 in 3Q, negative $36 last year.
Call highlights:
1) India EBITDA/t to expand in 1Q, expect Rs6,000/t increase in realizations,
2) Netherlands EBITDA/t to be flattish in 1Q due to volume loss, spreads to improve in FY27; impending closure of coke ovens creating uncertainty,
3) UK to turn EBITDA positive in FY27; delays to Port Talbot on electricity constraints,
4) ~2mt volume growth in FY27, slowdown beyond (pending clarity on expansion timelines).
5) Net D/EBITDA 2.3x, onshoring overseas debt.
GS on Tata Steel
Neutral, TP Rs 218 from Rs210
Q4 a marginal miss
Going forward, see three key positives from post-results management commentary:
1) Positive price-cost spread across all the regions in Q1FY27;
2) India sales volume likely to grow by 2mt (7% YoY) in FY27;
3) Favourable regulatory environment in the UK likely to result in Tata Steel UK (TSUK) operations breaking even at the EBITDA level in FY27.
However, potential disruption in the operating rhythm of Tata Steel Netherlands (TSN) operations owing to the environmental footprint of the plant in a complex regulatory environment and likely delay in ramp-up of 3mtpa EAF at TSUK are key investor concerns for the sustainable profitability of Tata Steel Europe (TSE) operations.
Jefferies on Tata Streel
Buy, TP Raised to Rs 275
Raise FY27-28E EPS by 6-14%, 20% above street.
Mar-Q EBITDA rose 20% QoQ, 6% above JEFe
Expect India business to deliver good 9% volume growth, along with margin expansion in FY27.
However, TATA is yet to start next phase of capacity expansion, which limits growth visibility beyond FY27.
European business continues to face regulatory issues, but India is key driver for stock returns.
Investec on Tata Steel
Hold, TP Rs 240
Strong earnings beat, driven by resilient India operations and reduced losses in Europe.
Management highlighted a sharp sequential improvement in domestic spreads in Q1FY27, & believe recovery still has further room to play out.
On iron ore lease expiries, management indicated multiple mitigation options; however, expect an inevitable impact on mining profitability
Cash flow outlook for TSN/UK remains dependent on several external variables, limiting visibility on sustainable business economics
MS on Tata Steel
OW, TP Rs 215
Tata posted strong results across both domestic and overseas businesses
Near-term outlook remains promising, supported by higher prices in India and policy support in UK and the EU
Management are focused on cost savings and downstream expansion
Capex is guided at Rs200bn in F27 (vs Rs140bn in F26), mainly driven by the India business, including downstream expansion, NINL expansion, and mining capex.
Cost savings update: Rs109bn saved in F26 (~95% of the Rs115bn target); F27 cost savings targeted at Rs71bn
F27 volumes are guided to grow by 2mnt, mainly driven by Ludhiana ramp-up (~0.5mnt) & full volumes from Kalinganagar
May 18, 2026 10:50
Financial Market Live: Bitcoin consolidates near $80,000 amid ETF outflows and macro uncertainty; experts advise patience and long-term focus for investors
“Bitcoin is currently navigating a crucial phase around the $80,000 mark, with markets closely watching whether BTC can sustain momentum above key resistance zones. While ETF outflows and macroeconomic uncertainty have created short-term pressure, the broader institutional interest in digital assets remains intact. The market is witnessing a healthy consolidation where investors are becoming more selective and disciplined rather than reacting emotionally to every correction. If Bitcoin manages to reclaim higher resistance levels decisively, it could open the door for renewed upside momentum across the broader crypto ecosystem.
For investors, this is a phase that calls for patience, staggered participation, and a long-term approach instead of aggressive short-term positioning. Rather than chasing sudden rallies or reacting to temporary dips, investors should focus on portfolio allocation, liquidity management, and fundamentally strong digital assets with sustained ecosystem activity. Market cycles reward consistency and informed participation, and this phase could offer meaningful accumulation opportunities for those who stay focused on long-term wealth creation.”
— Avinash Shekhar, Co-Founder & CEO, Pi42
May 18, 2026 10:50
Stock Market Live: Afcons Infrastructure drops 7% to ₹313.15; selected for Croatia railway project, two road bids cancelled, Q4 results awaited
Afcons Infrastructure said it has been selected as the most suitable bidder for a railway rehabilitation and construction project in Croatia, while two road project tenders in the country have been cancelled as the company’s bid exceeded the client’s available financial resources.
Shares traded 7% lower at Rs 313.15 on the NSE at 10.46 am, hitting a low of Rs 309.10.
Company to announce Q4 results today.
May 18, 2026 10:49
Stock Market Live: Uno Minda jumps 2.5% to ₹1,149.90 as Q4 PAT rises 22% to ₹326 crore; announces ₹550 crore EV powertrain plant in Maharashtra
Uno Minda shares traded 2.5% positive at Rs 1,149.90, hitting a high of Rs 1,161.50 compared to the previous close of Rs 1,121.80.
Its profit after tax (PAT) grew 22 per cent year-on-year to Rs 326 crore in the January-March quarter.
Uno Minda on Saturday said it will set up a greenfield manufacturing facility for electric four-wheeler powertrain at Chhatrapati Sambhajinagar (erstwhile Auranagabad) in Maharashtra at an investment of Rs 550 crore.
May 18, 2026 10:41
Stock Market Live updates: Adani Ports trades at ₹1,754 after acquiring majority stake in Argentina’s Meridian Transportes Marítimos to boost South America operations
Adani Ports stock traded at Rs 1,754 on the NSE. It had announced a strategic move to strengthen its maritime operations in South America by acquiring a majority stake in Argentina-based Meridian Transportes Marítimos S.A
May 18, 2026 10:39
Share Market Live: RBL Bank slips 4% to ₹325.75 despite securing approvals for $3 billion Emirates NBD investment
RBL Bank obtained regulatory and governmental approvals for the proposed strategic investment of nearly $3 billion (₹26,850 crore) by Emirates NBD.
RBL Bank shares fell by 4% to Rs 325.75 on the NSE.
May 18, 2026 10:38
Share Market Live: Coal India rises 1% to ₹467.80 as it gets nod to list Mahanadi Coalfields via IPO and OFS
Coal India shares up 1% on the NSE to Rs 467.80. Company received approval to list Mahanadi Coalfields Ltd (MCL) via a combination of a fresh equity IPO and an Offer for Sale (OFS) divestment
May 18, 2026 10:37
Stock Market Live: Maruti Suzuki starts commercial production at new Kharkhoda plant with 2.5 lakh annual capacity; shares down 2% at ₹12,898
Maruti Suzuki India commenced the commercial production at the second plant of its manufacturing facility at Kharkhoda, Haryana with a capacity of 250,000 units per annum, w.e.f. 18th May 2026.
Shares traded at Rs 12,898 on the NSE, down 2% after hitting a high of Rs 13,139 in early trade.
May 18, 2026 10:33
Debt market updates: RBI lifts bond-trading target for primary dealers by 48%
RBI lifts bond-trading target for primary dealers by 48%
RBI increases bond-trading targets for primary dealers by 48% to enhance liquidity in the bond market.
May 18, 2026 10:29
Stock Market Live: HPCL, B-80 field supplier refer crude oil dispute to conciliation; original invoice cancelled and crude disposal process initiated
Hindustan Petroleum Corporation (relating to the supply of crude oil from the B-80 field) informed that the parties have agreed to refer the disputes arising from the transaction for conciliation before a reputed former Chief Justice of High Court for resolution. Pursuant to the agreed arrangement, the original invoice raised by the Company on HPCL has been cancelled and the Company has initiated process to dispose off the crude.
May 18, 2026 10:28
Commodities update: US Treasury allows sanctions waiver on Russian seaborne oil to lapse
US Treasury allows sanctions waiver on Russian seaborne oil to lapse
Decision leaves India and other buyers exposed as oil tops $100.
May 18, 2026 10:25
Stock Market Live: Latent View Analytics slips 3% to ₹296.85 despite Q4 profit rising to ₹55 crore
Latent View Analytics traded at Rs 296.85 on the NSE at 10.23 am, lower by 3%.
Company reported consolidated net profit for the quarter ended March 2026 at Rs 55 crore compared to Rs 51.2 crore in the same quarter last year.
May 18, 2026 10:23
Nifty Prediction Today – May 18, 2026: Nifty 50 Futures: Bearish. More fall possible
Nifty Prediction Today – May 18, 2026: Nifty 50 Futures: Bearish. More fall possible
Nifty 50 shows a bearish outlook today, potentially falling to 23,150 if it breaks below 23,300.
May 18, 2026 10:22
Stock in focus: Cochin Shipyard slumps 7% to ₹1,489 after Q4 profit dips to ₹276.48 crore; board recommends ₹1.5 dividend
Cochin Shipyard shares fell 7% to Rs 1,489.40 at 10.18 am. The stock hit an intraday low of Rs 1,475 in early trade compared to the previous close of Rs 1,594.50.
Company posted consolidated net profit for the quarter ended March 2026 at Rs 276.48 crore compared to Rs 287.18 crore in the same quarter last year.
Board has recommended a final dividend of Rs. 1.5 per equity share
May 18, 2026 10:17
Stock Market Live: Premier Energies jumps to ₹1,029.60 high as Q4 profit surges to ₹456.8 crore; board approves fundraise up to ₹5,000 crore
Premier Energies stock traded at Rs 992.60 on the NSE at 10.13 am, hitting a high of Rs 1,029.60 from the previous close of Rs 981.60.
Company posted consolidated net profit for the quarter ended March 2026 at Rs 456.8 crore compared to Rs 277.8 crore in the same quarter last year.
Board approved raising of funds by way of issuance of Equity Shares, non-convertible debentures along with warrants, any other eligible securities convertible into Equity Shares of the Company, or any combination, for an ageregate amount not exceeding Rs.5000 Crore.
May 18, 2026 10:09
Commodities market update: Gold steadies on dip-buying after hitting over one-month low on higher oil prices
Gold steadies on dip-buying after hitting over one-month low on higher oil prices
Gold stabilizes at $4,540.36 after hitting a one-month low, driven by rising oil prices and inflation concerns.
May 18, 2026 10:07
Stock Market Live: Tata Power, Druk Green Power sign MoU for 5,000 MW clean energy skill development; shares down 2% at ₹399.40 on NSE
Tata Power and Druk Green Power Corporation Sign MoU to Build Skill Development Ecosystem for the Development of 5,000 MW Clean Energy Capacity
Tata Power shares traded at Rs 399.40 on the NSE, down 2%Stock Market Live: Tata Power, Druk Green Power sign MoU for 5,000 MW clean energy skill development; shares down 2% at ₹399.40 on NSE
May 18, 2026 10:07
Stock Market Live: Vodafone Idea shares fall 2% to ₹12.66 as net loss narrows 22% YoY to ₹5,521 crore
Vodafone Idea shares traded 2% lower at Rs 12.66 on the NSE, after hitting a high of Rs 13.05 compared to the previous close of Rs 12.95. Company’s net loss narrowed by 22 per cent annually to ₹5,521 crore
May 18, 2026 10:06
Stock Market Live: NCC shares drop 5% to ₹152.58 as Q4 profit declines to ₹202.88 crore; board recommends ₹2.20 dividend
NCC shares are down 5% on the NSE at Rs 152.58.
Company posted standalone net profit for the quarter ended March 2026 at Rs 202.88 crore compared to Rs 213.76 crore in the same quarter last year. Board recommended dividend of Rs 2.20 per share.
May 18, 2026 10:06
Tata Steel, Vodafone Idea, Delhivery, Power Grid & NCC shares fall after Q4 results; follow our live updates:
Q4 Results 18th May Live: IOC, JSW Cement, Zydus Wellness, DOMS Industries, Ola Electric Mobility, GE Vernova, Astral, Afcons Infra, Strides Pharma to announce Q4 results, Tata Steel, Vodafone Idea, Delhivery, Power Grid shares in focus
Q4 Results Today, 18th May 2026 Live Updates: Find all the latest Q4 results 2026 updates of 63 Moons Technologies, Afcons Infrastructure, AJAX Engineering, Amir Chand Jagdish Kumar (Exports), Antariksh Industries, Apollo Micro Systems, Aryaman Capital Markets, Associated Alcohols & Breweries, ASI Industries, Astral, Atlantaa, BEML Land Assets, BLS E-Services, Bodhtree Consulting, Bombay Talkies, Bharat Parenterals, Burnpur Cement, Cantabil Retail India, Chemkart India, Clio Infotech, John Cockerill India, Crysdale Industries, Capital Trade Links, Cupid Breweries And Distilleries, Danube Industries, Diamines & Chemicals, Dalmia Industrial Development, Digitide Solutions, DOMS Industries, DRC Systems India, Easy Fincorp, Electrosteel Castings, Emerald Leisures, Esquire Money Guarantees, Exhicon Events Media Solutions, Fortis Malar Hospitals, Garuda Construction and Engineering, Gujarat Narmada Valley Fertilizers & Chemicals, Goel Construction Company, GPT Healthcare, GE Vernova T&D India, HLE Glascoat, HP Cotton Textile Mills, Indraprastha Gas, IG Petrochemicals, Integra Capital, Indian Oil Corporation, Jain Resource Recycling, Jattashankar Industries, Jhandewalas Foods, JK Paper, JSW Cement, KK Shah Hospitals, K M Sugar Mills, Kundan Minerals And Metals, Lakshmi Mills Company, Landmarc Leisure Corporation, Manba Finance, Monte Carlo Fashions, Nelcast, Neogem India, Ola Electric Mobility, Olympic Cards, OnMobile Global, The Phosphate Company, Promact Plastics, Puravankara, Pyxis Finvest, Rama Phosphates, Rishabh Instruments, Rose Merc, Shivalik Bimetal Controls, Seamec, Sedemac Mechatronics, Shervani Industrial Syndicate, Shree Pushkar Chemicals & Fertilisers, Siyaram Recycling Industries, Sun Pharma Advanced Research Company, Stanrose Mafatlal Investments & Finance, Strides Pharma Science, Seshaasai Technologies, Baazar Style Retail, Subros, Sunsky Logistics, Super Sales India, Telge Projects, Tera Software, TGB Banquets and Hotels, Timken India, Triveni Turbine, Tuticorin Alkali Chemicals And Fertilizers, Unjha Formulations, Vibrant Global Capital, Visaka Industries, VRL Logistics, Yasho Industries, and Zydus Wellness. Stay tuned for more from businessline
May 18, 2026 10:05
Stock Market Live: Nifty slips 0.2% as early rebound fades; metals drag, media gains—upside capped at 23,800, support at 23,610–23,422
Talking domestic stocks, and the nifty ended 0.2% down at 23643, but that does not tell the full story, which was about the early session rebound failing to stick. Both the front-month nifty and bank nifty futures slipped and open interest fell, pointing to long liquidation. The India VIX rose about a percent. Mid- and small-caps also finished lower. Nearly two stocks fell for every stock that gained on the NSE500. Seven of the main NSE sectors dropped, with metal stocks becoming the worst performers as they dropped 1.9%. Media stocks were the top performers, rising 2%. Technically speaking, Friday’s price action was about “upside rejection” around the 23800 resistance area, as the candle had a long upper shadow. For the day, Friday’s low is now critical. If we fail to take out the previous session’s high of 23840 and instead close below the session low of 23610, bears will gain the upper hand, yet again. The shelf of support sits between 23422 and 23585, under which the next critical buffer lies between 23100 and 23200. Resistance sits inside the 23840 and 24000 area.
Now, coming to flows, based on provisional data, foreigners invested 1329 cr while domestic players invested 1959 cr.
Speaking index options positioning, foreigners went bearish, prop traders were mostly flat and retail investors turned confident.
Akshay Chinchalkar, Managing Partner and Head of Markets Strategy at The Wealth Company
May 18, 2026 10:00
Commodities update: Crude oil futures rise after drone strikes in Gulf region
Crude oil futures rise after drone strikes in Gulf region
Crude oil futures rise sharply amid escalating tensions and drone strikes in the Gulf region, influencing global oil prices.
May 18, 2026 09:59
Opening trend: Sensex, Nifty bleed over 1% as oil surge, Iran tensions rattle Dalal Street
Sensex, Nifty bleed over 1% as oil surge, Iran tensions rattle Dalal Street
Sensex and Nifty drop over 1% as rising oil prices and geopolitical tensions impact Indian markets.
May 18, 2026 09:57
Financial markets update: Bitcoin slips below $77,000 as ETF outflows, macro fears weigh
Market analysis by Vikram Subburaj, CEO, Giottus.com
May 18, 2026
Bitcoin traded at $76,978 on May 18 and the asset’s market cap was at $1.54 trillion. It saw a weekly decline of 5.21%. The market had slipped back below the psychological $80,000 level after failing to sustain last week’s recovery. The near-term structure is cautious because BTC is now below Glassnode’s $78,000 True Market Mean and $79,000 short-term holder cost-basis zone.
The first support sits around $76,000-$76,700. A deeper break could pull the price back into the $65,000-$70,000 accumulation band that analysts identified as the next major support zone.
The market is not showing a full capitulation signal yet because spot selling pressure was easing, ETF assets were stabilising, and perpetual futures positioning had moved to a record net-short bias. However, the same on-chain data also showed weak demand, compressed volatility, and rejection near $78,000-$79,000. This means any recovery above $80,000 must first absorb overhead supply from recent buyers.
ETF flows were a major reason for the loss of momentum as US spot Bitcoin ETFs saw $27.2 million of inflows on May 11. This was followed by outflows of $233.2 million on May 12 and $630.4 million on May 13. The week closed with a brief $131.3 million inflow on May 14 and another $290.4 million outflow on May 15. This placed the May 11-15 period net outflow at about $995.5 million.
Macro conditions are also less supportive because US producer prices rose 1.4% month-on-month and 6.0% year-on-year in April. The US 10-year yield stood at 4.47% and the dollar index was up 0.2% at 98.50 after the data. The next trigger is the May 20 release of the FOMC minutes for the April 28-29 meeting. This could influence expectations on US rates and liquidity-sensitive assets such as Bitcoin.
Altcoins mirrored the weak tone. Ethereum was at $2,118.73, down 2.53% in 24 hours and 9.81% over 7 days. Solana was at $85.03 and was down 1.10% in 24 hours and 11.06% over 7 days. BNB was more resilient at $646.19, down 0.84% in 24 hours and 1.38% over 7 days. XRP traded at $1.39, down 0.58% in 24 hours and 3.69% over 7 days. Dogecoin traded at $0.1068, down 1.45% in 24 hours and 2.80% over 7 days. This shows that speculative tokens also weakened but did not fall as sharply as ETH or SOL.
Our advice: For investors, the message is discipline rather than aggression. BTC needs a clean reclaim of $78,000-$80,000 before risk appetite can improve. Avoid aggressive entries while Bitcoin remains below the $78,00-$80,000 resistance zone. A clean reclaim of this band would indicate improving risk appetite. This is a market for staggered buying, strict stop-losses and lower leverage. Altcoin exposure should be selective, as ETH and SOL have shown sharper weekly weakness than BTC.
May 18, 2026 09:44
Glenmark Pharmaceuticals Inc., USA Launches Vancomycin Hydrochloride for Injection USP, 500mg/vial and 1 g/vial. Shares flat at Rs 2,312.80
May 18, 2026 09:44
Stock Market Live: HDFC AMC reports cyber-security incident; initial assessment finds no material impact on business operations
HDFC AMC informed that a cyber-security incident had occurred, wherein we have received a communication from an anonymous source claiming access to certain portions of our IT infrastructure. The Company promptly activated the necessary protocols for containment and incident response, and has engaged a specialist firm to assess the potential impact. While the detailed assessment is ongoing, based on the initial assessment, the incident is unlikely to affect the continuity of our business and operations and there doesn’t appear to be any material impact on the Company’s operations.Stock Market Live: HDFC AMC reports cyber-security incident; initial assessment finds no material impact on business operations
May 18, 2026 09:44
Share market live: Paytm Launches Pocket Money, Bringing Paytm UPI Payments to Teenagers Without a Bank Account .
May 18, 2026 09:43
Stock Market Live: JSW Energy sells 2.5 crore JSW Steel shares via bulk deal, raises ₹3,150 crore; shares up 1% at ₹522.30 on NSE
JSW Energy has divested 2,50,00,000 equity shares (face value ₹1 each) of JSW Steel Limited via a bulk deal on the National Stock Exchange of India Limited, on 18th May 2026, as part of a strategic liquidity release, realising gross proceeds of ₹3,150 Crores. Shares were up 1% on the NSE at Rs 522.30.
May 18, 2026 09:43
Share market live: Kellton Launches Phoenix.AI: Modernizing Enterprise Legacy 80% Faster at Half the Cost
May 18, 2026 09:23
Nifty today: Top gainers, losers at this hour of trade
Top gainers of Nity 50: Infosys (1.34%), Tech Mahindra, TCS, JSW Steel and Wipro posted mild gains
Top losers: Power Grid (-3.55%), Tata Steel (-3.24%), Titan (-2.13%), Maruti (-2.13%), Eicher Motors (-2.03%)
May 18, 2026 09:23
Stock Market Live: Opening Bell: Sensex drops 752 points to 74,485; Nifty slips 249 points to 23,394 in early trade
BSE Sensex fell 752.37 pts or 1.00% to 74,485.62 at 9.16 am after opening at 74,807.97 from the previous close of 75,237.99. Nifty 50 traded 249.30 pts or 1.05% lower at 23,394.20.
May 18, 2026 09:14
Commodities update: Silver import curbs, US-Iran tensions to keep bullion market volatile next week: Analysts
Silver import curbs, US-Iran tensions to keep bullion market volatile next week: Analysts
Analysts predict volatility in gold and silver markets next week due to import curbs and US-Iran tensions.
May 18, 2026 09:13
Commodities Market Live: Crude oil jumps as drone attacks hit UAE, Saudi Arabia; Brent tops $111, WTI at $103.22
Crude oil futures traded higher on Monday morning following reports of drone attacks on the UAE and Saudi Arabia, even as US President Donald Trump warned of more actions against Iran. At 9.10 am on Monday, July Brent oil futures were at $111.28, up by 1.85 per cent, and July crude oil futures on WTI (West Texas Intermediate) were at $103.22, up by 2.18 per cent. May crude oil futures were trading at ₹10363 on Multi Commodity Exchange (MCX) during the initial hour of trading on Monday against the previous close of ₹10080, up by 2.81 per cent, and June futures were trading at ₹9962 against the previous close of ₹9685, up by 2.86 per cent.
May 18, 2026 09:12
Stock Market Live: Nifty set to open lower near 23,550; key support at 23,400, resistance at 23,650–23,800—cautious sentiment, sell on rise strategy advised
Gaurav Udani- Founder, ThinCredBlu Securities Ltd., “Nifty is expected to open slightly lower around 23,550, down nearly 100 points, indicating continued weakness in the short-term trend.
The index remains under pressure after slipping below important support zones, and traders should closely watch the 23,400 level, which now becomes a crucial support for the market. A sustained move below 23,400 could trigger further selling pressure and drag Nifty towards the 23,100 zone.
On the upside, 23,650–23,800 will act as the immediate resistance range, where rallies are likely to face selling pressure unless the index reclaims these levels decisively.
The overall setup remains cautious, with sentiment tilted towards a sell on rise approach until key resistances are crossed.
Markets are also likely to remain highly news-sensitive, so traders should stay disciplined and avoid aggressive positioning near support zones.”
May 18, 2026 09:11
Currency market updates: Indian rupee weakens to record low of 96.18 per dollar on oil concerns
Indian rupee hits record low against dollar amid Iran war and oil price surge
The Indian rupee hit a record low of 96.18 per dollar as rising crude oil prices and the Iran war pressured global markets and sentiment.
May 18, 2026 08:51
Global markets update: Global bits
United States — Inflation stayed elevated due to oil shocks from the Iran war, bond yields surged, and markets shifted from expecting Fed cuts to possible future rate hikes.
Canada — Higher global energy prices supported exports but added inflationary pressure and economic uncertainty.
Japan — Wholesale inflation hit multi-year highs from rising import and energy costs, strengthening expectations of further BOJ tightening.
China — Increased U.S. crude imports amid Hormuz disruptions while diplomacy with the U.S. delivered limited geopolitical progress.
Australia — The RBA maintained a hawkish stance after rate hikes as oil-driven inflation and slower growth risks intensified.
New Zealand — Rising global energy costs continued to pressure inflation and growth expectations despite limited fresh developments.
Russia — Elevated oil prices continued supporting energy revenues even as broader growth concerns persisted.
South Africa — Higher fuel and food import costs kept inflation and economic vulnerability concerns elevated.
Brazil — War-driven global inflation and commodity volatility continued shaping cautious economic sentiment.
United Arab Emirates — The UAE accelerated pipeline expansion projects to bypass the Strait of Hormuz and secure oil exports.
Saudi Arabia — High crude prices boosted oil revenues and energy profits despite regional instability risks.
Iran — The prolonged conflict deepened inflation, weakened the currency, and intensified economic damage.
South Korea — Rising energy import costs added to inflationary pressures and reinforced concerns over slower growth.
Source: Reuters
May 18, 2026 08:50
Q4 numbers: SAIL posts strong operational numbers but capex upped
EBITDA: ₹4,409 Cr vs poll of ₹4,101 Cr
EBITDA/tn at ₹8,287 (+27% YoY, +84% QoQ) aided by better realisations & lower employee costs
Net debt down to ₹21,663 Cr vs ₹24,852 Cr in Dec’25
Outlook : Q1FY27 EBITDA/tn should improve further
Street may stay watchful on the higher FY27 capex plan of ₹15,000 Cr given past execution track record.
May 18, 2026 08:50
Important Result Calendar: 18-May-2026
Derivative
• Indian Oil Corp Ltd
• Astral Ltd
Cash Segment
• Ge Vernova T&D India Ltd
• Indraprastha Gas Ltd
• Gujarat Narmada Valley Ferti
• Zydus Wellness Ltd
19-May-2026
Derivative
• Bharat Electronics Ltd
Zydus Lifesciences Limited
Cash Segment
• Basf India Ltd
• Rites Ltd
• Fine Organic Industries Ltdte
• Gujarat State Ferti & Chem Ltd
20-May-2026
Derivative
• Bosch Ltd
• Jubilant Foodworks Ltd
• Apollo Hospitals Enterprise Ltd
• Grasim Industries Ltd
• Samvardhana Motherson Intl Ltd
Cash Segment
• Medplus Health Services Ltdte
• Honeywell Automation India Ltd
21-May-2026
Derivative
• Page Industries Ltd
• ITC Ltd
Cash Segment
• Bikaji Foods International Lim
• Emami Ltd
• Engineers India Ltd
22-May-2026
Derivative
• Hindalco Industries Ltd
Cash Segment
• Jubilant Pharmova Ltd
23-May-2026
Cash Segment
• Hbl Engineering Ltd
25-May-2026
Derivative
• Container Corp Of India Ltd
Cash Segment
• Amara Raja Energy & Mobility L
26-May-2026
Cash Segment
• Jubilant Ingrevia Ltd
27-May-2026
Derivative
• Cummins India Ltd
Cash Segment
• Gillette India Ltd
28-May-2026
Cash Segment
• Procter & Gamble Hygiene & Hea
• Apar Industries Ltd
29-May-2026
Derivative
• Asian Paints Ltd
Cash Segment
• JM Financial Ltd
May 18, 2026 08:49
Results update: Hindustan Copper: record quarter on all fronts
Q4FY26 (yoy)
-Revenue +58% to ₹1,156cr
-EBITDA +136% to ₹627cr
-Margin at 54% vs 36.4% YoY / 49.5% QoQ
Valuations rich at 60x FY26E EPS (₹9.5/sh), but street is betting on sharp earnings expansion
Anand Rathi projects FY27 EPS= ₹17.5/sh, implied P/E drops to 32x
May 18, 2026 08:36
Global updates: White House fact sheet on Trump’s China visit highlights Iran deal, skips Taiwan
White House fact sheet on Trump’s China visit highlights Iran deal, omits Taiwan
US and China agreed to create trade boards, expand Boeing and farm deals, and cooperate on rare earth supply chains after Trump-Xi talks.
May 18, 2026 08:31
Iran war latest: US says China agreed not to provide material support to Iran
Trump secured China commitment against supporting Iran, says US trade chief
US trade chief Jamieson Greer said Donald Trump secured China’s commitment not to provide material support to Iran amid tensions.
May 18, 2026 08:23
Top technical indicators for today’s trade
* Nifty Technicals
1) Nifty breaks below 23,600; 23,200 emerges as crucial support zone
2) Bearish momentum deepens as Nifty futures face resistance at 23,500

* Crude oil remains major trigger: Brent crude hovering near $110 per barrel continues to pressure equities, inflation outlook and market sentiment.

* Rupee weakness signals risk-off mood: The rupee near record lows around 96 per dollar reflects persistent foreign fund outflows and macro concerns.

* FIIs remain cautious: Continued foreign institutional selling amid rising US bond yields and geopolitical uncertainty remains a negative technical trigger.

* Sectoral trend remains defensive: Pharma and FMCG are outperforming, while rate-sensitive and import-heavy sectors remain under pressure.

* Broader market weakness persists: Midcaps and smallcaps continue to underperform, indicating weak market breadth and risk appetite.

* Global markets remain negative: Weak cues from Wall Street and Asian markets suggest continued volatility in domestic equities.

* Volatility likely to stay elevated: Traders should closely track crude prices, rupee movement, US-Iran developments and intraday support levels for directional cues.

May 18, 2026 08:20
Nifty slips as Brent tops $110, rupee hits record low amid global selloff
Rajesh Palviya, Head of Research, Axis Direct.
The Nifty slipped 46 points on Friday to 23,643.5, ending a two-day winning streak as Brent surged past $109 and the Rupee hit a record low of 96 against the dollar. Wall Street sold off sharply, with the S&P 500 down 1.24%, the Dow losing 537 points, and the Nasdaq retreating 1.54% as tech companies took profits and oil-driven inflation fears reemerged. Asian markets are negative this morning, gold sits near $1,450, silver below $17.70, and copper at $6. Crude oil has risen to $110.7 amid fresh warnings from Trump to Iran. GIFT Nifty is at 23,555.5, implying a gap-down of about 100 points. Technically, bulls need a daily close above 23,700 to continue the recovery toward 24,000, while 23,500…
May 18, 2026 08:03
Currency market live: RBI must act quickly to stop sentiment-driven rupee slide: TrustLine CEO
N. ArunaGiri, CEO, TrustLine Holdings on Rupee.
Rupee breaching one level after another is more a reflection of sentiment-driven weakness than any serious deterioration in macro fundamentals.
But the real risk is that, if left unchecked, this loss of confidence can turn into a self-fulfilling vicious cycle - triggering further pressure on the rupee that is not warranted by underlying fundamentals.
If one looks at India’s macro position today, the situation is far from alarming. The current account deficit remains manageable, forex reserves are reasonably comfortable with import cover of nearly eight to nine months, and the fiscal deficit trajectory continues to remain relatively stable. Given these macro metrics, there is little justification for such a sharp depreciation in the rupee.
However, currency markets are often driven as much by perception as by fundamentals. When investment flows weaken and markets begin anticipating further outflows amid an uncertain geopolitical backdrop, that expectation itself starts exerting pressure on the currency. If such sentiment is allowed to build unchecked, it can create its own cycle of panic and accelerated depreciation.
This is precisely why it is extremely critical for the RBI to step in proactively and announce confidence-building measures, similar to the steps initiated by former RBI Governor Raghuram Rajan during the 2013 currency crisis. Any delay in action risks aggravating market nervousness and intensifying pressure on the rupee further.
The RBI cannot afford to remain a passive spectator at this stage. What the market needs immediately is a strong policy signal that restores confidence and breaks the negative sentiment cycle.
One possible measure could be launching FCNR dollar deposits, which can help attract foreign currency inflows and provide immediate relief to near-term pressure on the rupee. Government from its side, could look at tax concessions for FII investments like cutting TDS on bond sales, reductions in capital gains taxations etc. It is time for action now.
May 18, 2026 08:02
Stock market live: Nifty drops over 2% amid crude surge, rupee weakness and FII selling
Santosh Meena, Head of Research at Swastika Investmart Ltd.
It was a challenging week for the Indian equity markets, with both the Nifty and Sensex declining more than 2% amid rising geopolitical tensions, a sharp surge in crude oil prices, sustained FII selling, and significant weakness in the rupee. Crude oil prices jumped over 7% during the week, while the rupee depreciated by more than 1.5%, slipping beyond the 96 mark against the US dollar.
Sectorally, Realty and IT emerged as the biggest laggards, correcting nearly 8% and 6%, respectively. On the other hand, Pharma and Metal stocks outperformed the broader market and managed to post gains of around 2%. The broader market also witnessed heavy selling pressure, with the Nifty Smallcap Index declining more than 4.5%, while the Midcap Index ended lower by around 2.5%.
Global markets also remained under pressure on Friday amid a sharp rise in the dollar index and US bond yields, while the Trump–Xi Jinping meeting failed to provide any major positive breakthrough for investors.
Going into the week ahead, the key focus will continue to remain on geopolitical developments and the trajectory of crude oil prices. On the domestic front, there is growing market chatter around possible measures from the Finance Ministry and RBI aimed at stabilizing the rupee and attracting foreign inflows. In this backdrop, the movement of the rupee and FII activity will remain crucial indicators for market direction.
Additionally, macroeconomic data releases from China, the US, and India, along with the minutes of the US FOMC meeting, will be closely tracked by investors. The tail end of the earnings season may also continue to drive stock-specific action across sectors.
From a technical perspective, the structure of the Nifty remains weak as the index is trading below all its key moving averages. The 23,800–24,000 zone remains a crucial resistance area; a sustained move above 24,000 could trigger positive momentum towards the 24,400–24,500 zone. On the downside, 23,300–23,150 is an immediate and important support zone, while 22,940 stands as the next key support level.
Bank Nifty is also trading below all its major moving averages, indicating continued weakness in the trend. The 54,500–55,000 zone remains a critical resistance area, and a breakout above this range could lead to further upside towards 55,700–56,000 levels. On the downside, 53,250–52,750 is the immediate and crucial support zone, while 52,000 remains the next important support level.
May 18, 2026 07:59
Stock Market Live: Ganesh Housing unveils $1.5 billion Million Minds Tech City in Ahmedabad, set to create 70,000 high-skilled jobs and boost region’s GCC ambitions
Ganesh Housing Limited announcing their Ganesh Housing Unveils Million Minds Tech City, a USD 1.5 Billion Integrated Ecosystem Poised to Power 70,000 high-skilled Jobs and Ahmedabad’s GCC Ambitions
In a landmark development poised to redefine Gujarat’s technology and innovation landscape, Ganesh Housing Limited today announced the launch of Million Minds Tech City (MMTC) - Gujarat’s first IGBC Platinum-rated SEZ IT Park and Ahmedabad’s first integrated Tech City. Conceived as a future-ready economic ecosystem, the development is expected to catalyse over 70,000 high-skilled jobs while strengthening Ahmedabad’s emergence as a leading destination for GCCs, technology enterprises, innovation-led bus
May 18, 2026 07:58
Share market live: EPACK Prefab FY26 PAT jumps 79%; order book crosses Rs 1,100 crore
EPACK Prefab Technologies Limited (“EPACK Prefab” or “the Company”), one of India’s integrated prefab solutions platforms, announced its audited financial results for the quarter and financial year ended March 31, 2026.
EPack Prefab Technologies Ltd was incorporated in 1999 and has two business verticals - PreFab Business, wherein it provides complete solutions to customers on turnkey basis, which includes designing, manufacturing, installation and erection of pre-engineered steel buildings, pre-fabricated structures and its components in India and overseas, (Pre-Fab Business), and manufacturing of expanded polystyrene sheets and blocks (also referred as EPS Block Molded products and EPS Shape Molded products) for various industries such as construction, packaging, and consumer goods in India (EPS Packaging Business).
Key Business Highlights
FY26 revenue growth was driven by continued execution scale in the Prefab business, which grew approximately 45% YoY.
QoQ Q4 FY 26 FY26 revenue growth stood at 44.8% and PAT growth at 79.3% from Rs 169 Mn to Rs 303 Mn mainly driven by continued execution scale in the Prefab business.
Pending order book stood at Rs. 11,127 Mn as on March 31, 2026, reflecting strong order visibility across diversified end-user sectors.
The Company maintained a strong financial position with net cash of approximately Rs. 2,007 Mn and improved net working capital cycle of 32 days, better by 4 days YoY.
Cash flow from operations stood at Rs. 1,357 Mn for FY26, representing approximately 85% of EBITDA and reflecting disciplined working capital management.
The Company’s credit rating was upgraded to ICRA A+ (Stable) for long-term instruments and ICRA A1 for short-term instruments.
Capacity expansion remains on track, with Mambattu brownfield expansion progressing and Ghiloth greenfield project moving ahead. Gujarat land acquisition has also strengthened the Company’s West India growth plan.
The Company repaid Rs. 700 Mn of borrowings from IPO proceeds, completing one of the stated objects of the IPO.
One Line of Mambattu Brownfield Expansion has gone into commercial production on 29th April 2026 taking our PEB Capacity to 147,122 MTPA
May 18, 2026 07:57
Stock market live: India’s Stagflationary Moment: The Narrative Is Finally Catching Up
The latest ₹3 per litre fuel price hike, following the Prime Minister’s austerity appeal, is just the beginning of a larger correction. With WPI inflation surging, official CPI forecasts will soon align with the more realistic 6–7% range for 2HFY27. The mix of slowing growth, widening BoP stress, and sticky inflation will complicate the RBI’s job, likely forcing a sharper rupee breach beyond ₹100 and a reversal of last year’s monetary accommodation.
Dhananjay Sinha
CEO & Co Head of Equities & Head of Research - Strategy & Economics, Systematic Group
May 18, 2026 07:57
Share market live: Mangalam Worldwide Ltd. Board Approves Stock Split Proposal
The Board of Directors of Mangalam Worldwide Limited (MWL), a fully integrated stainless-steel manufacturer, at its meeting held on May 15, 2026 approved the proposal for subdivision/split of the company’s equity shares having face value of ₹10 each, into 10 equity shares having face value of Re. 1 each fully paid-up, subject to shareholders and regulatory approvals.
The proposed stock split is aimed at enhancing liquidity in the company’s equity shares and encouraging broader participation from retail investors.
The Board also approved consequential alteration to the Capital Clause of the Memorandum of Association of the company, subject to requisite approvals.
Commenting on the development, Chandragupt Prakash Mangal, Managing Director, Mangalam Worldwide Limited, said: “The proposed stock split reflects the company’s continued focus on creating long-term value for shareholders and improving accessibility of the stock for a wider investor base. Supported by strong operational performance and improving market participation, MWL remains focused on strengthening its position in value-added stainless-steel segments.”
May 18, 2026 07:56
Debt market updates: Weekly outlook quote on bond market
Saurav Ghosh, co-founder of Jiraaf.
Quote: “Indian bond markets have remained under pressure for over a month now, with the 10-year g-sec yield staying elevated and recently moving above 7% amid rising global uncertainty. The latest spike follows renewed escalation in the Iran–US conflict, which has pushed global bond yields sharply higher. The move is part of a broader global trend, with the US 10-year Treasury yield crossing 4.5% and the 30-year yield rising above 5% for the first time since 2007. Markets are increasingly worried that higher energy prices could keep inflation elevated for longer. For India, persistently high crude prices raise imported inflation risks, reducing the RBI’s flexibility on rate cuts. At this stage, bond markets are signalling caution, with yields likely to stay elevated until geopolitical tensions ease and inflation expectations stabilise.”
May 18, 2026 07:56
Stock Market Live: Gems & jewellery exports fall over 9% in April on weak global demand; silver and platinum jewellery buck the trend
Gems & Jewellery exports decline by over (-) 9.07% in April 2026; imports also fall by (-) 9.54% amid weak global demand and volatile precious metal prices
The overall exports performance remained subdued in April 2026 owing to the continued global economic uncertainties and the same leading to volatility in precious metal prices along cautious buyers’ sentiment:Kama Jewellery
Cut & Polished Diamonds and Plain Gold Jewellery witnessed significant decline, reflecting weak international demand and inventory correction across key export markets
The major growth drivers continued to be silver and platinum jewellery during April 2026, aided by an increased traction as a lucrative and affordable alternative
May 18, 2026 07:55
Stock market live updates: Wipro Completes Acquisition of Olam Group’s IT and Digital Services Business, Mindsprint
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company today announced that its acquisition of Olam Group’s IT and digital services business, Mindsprint, has been concluded following the completion of relevant regulatory approvals.
The Mindsprint acquisition was originally announced on April 6, 2026, as a part of Wipro’s 8-year strategic transformation deal win from Olam Group, a leading US$ 50+[1] Billion food and agri‑business headquartered in Singapore, employing nearly 40,000 people, and majority owned by Temasek Holdings.
The strategic engagement with Olam Group expands Wipro’s farm‑to‑fork capabilities, scaling the impact of Wipro Intelligence™ across the food and agri‑business industry. Mindsprint’s deep domain expertise and IP‑led solutions, particularly across supply chain and commodity trading, combined with Wipro’s consulting‑led and AI‑powered capabilities, aim to unlock growth opportunities, catalyse innovation, and drive market‑ready transformation for Olam Group and Wipro’s global clients. This includes key areas such as farming, forecasting, trading, supply‑chain operations, and customer engagement.
May 18, 2026 07:54
NITCO returns to profit in FY26; total income jumps 72%
NITCO Limited, one of India’s leading premium surfaces brands, announced its financial results for the quarter and year ended March 31, 2026, reporting strong year-on-year growth driven by improved operational performance and robust business momentum across categories.
For the financial year ended March 31, 2026, NITCO reported a 72.4% growth in Total Income (consolidated) at INR 542 Crores as compared to INR 314.39 Crores in FY25. Revenue from Operations for FY26 stood at INR 537.81 Crores, registering a strong growth of 71.8% over INR 312.92 Crores in the previous financial year.
The Company also delivered a significant turnaround in profitability, with net profit improving to INR 32.67 Crores in FY26 as against net loss of INR 27.93 Crores in FY25, marking a significant year-on-year improvement.
On a quarterly basis, Total Income for Q4 FY26 increased 49% year-on-year to INR 154.64 Crores from INR 103.71 Crores reported in Q4 FY25. Revenue from Operations for the quarter rose 63% to INR 152.32 Crores as compared to INR 93.53 Crores in the corresponding quarter last year.
Commenting on the performance, Vivek Talwar, Chairman and Managing Director of NITCO Limited said: “FY26 has been a milestone year for NITCO with strong growth in total income, improved operational efficiencies and a significant turnaround in net profit. The momentum reflects the continued strength of our brand, expanding market presence and focused execution across our business verticals. We remain committed to strengthening our premium positioning and driving sustainable long-term growth.”
The Company continues to focus on expanding its premium portfolio across tiles, marble and mosaic, while enhancing retail presence, strengthening channel partnerships and driving operational efficiencies across the business.
May 18, 2026 07:54
Share market live: S CUBE Capital Announces Strategic Acquisition by InCred Capital to enhance Global Asset Management Capabilities
S CUBE Capital, a Singapore-based fund management firm regulated by the Monetary Authority of Singapore (MAS), is pleased to announce its strategic acquisition by InCred Capital, the wealth and asset management arm of the InCred Group, subject to regulatory approvals.
This milestone brings together S CUBE Capital’s award-winning expertise in fixed income and alternative investments with InCred’s institutional reach, global wealth platform, and deep client franchise across India, Southeast Asia, the Middle East, and London.
S CUBE Capital’s flagship fixed income fund was ranked the No. 1 in Asia Pacific by Bloomberg for the year ending January 2026. The firm was also named “Best Asset Management Firm – Singapore & Southeast Asia” by WealthBriefingAsia. Through this acquisition, S CUBE Capital’s clients and partners will benefit from a stronger institutional platform, broader investment capabilities, and a more seamless bridge for capital flows across key regional corridors.
May 18, 2026 07:52
Q4 results: IRB InvIT Fund Announces Q4FY26 Distribution of Rs. 1.60 Per Unit; Up 7%
Distribution of Rs. 1.60 Per Unit Amounting to Rs. 205.06 Crores for Q4FY26; Q-o-Q Increase of 7%
Cumulative Distribution since listing is Rs. 5,021.65 Crs (Rs.80.95 per unit)
Addition of 3 BOT and a HAM Asset take Assets Portfolio to 8 BOT and 2 HAM Assets with Enterprise Value of approx. Rs.18,200 Crs
Received Non-Binding Offer from IRB Infrastructure Trust for two BOT Assets with Enterprise Value of Rs.4,663Crs
Mumbai, May 15, 2026 : IRB InvIT Fund, India’s first listed Infrastructure Investment Trust, will distribute Rs. 205.06 Crs translating into the Payout of Rs. 1.60 per unit for Q4FY26, which includes Rs. 1.44 per unit as an Interest component, Re. 0.04 per unit as a Dividend component and Re. 0.12 per unit as a return of capital.
The full year Distribution of FY26 is Rs. 705.64 Crs, which comes to Rs. 6.60 per unit and includes Rs. 4.86 per unit as an Interest component, Rs. 1.19 per unit as Return on Capital and Rs. 0.55 per unit as Dividend.
Till date, since the Trust’s IPO in FY18, its cumulative distribution has reached Rs.5,021.65 Crs.
The Board of IRB Infrastructure Pvt. Ltd., an Investment Manager to the IRB InvIT Fund, today announced the financial results of IRB InvIT Fund for the Q4FY26 and entire FY26.
While commenting on the occasion, Mr. Rushabh Gandhi, Executive Director and Chief Financial Officer of the Investment Manager, IRB Infrastructure Private Limited said, “The toll revenue growth for the recently added asset is approx. 14% higher than the growth envisaged. The performance of the assets has been exemplary, and the recent addition of assets, especially HAM projects, has led to a 7% increase in the payout. We have received an NBO for two assets, and our endeavour is to maximize value for the unitholders while improving the current yield to the unitholders.
May 18, 2026 07:52
Q4 results: Monarch Networth Capital Delivers Strong FY26 Results
PAT Grows 21.4% YoY to ₹ 181 Crore | ROE at 20.5% | Net Worth at ₹ 972 Crore
Board Approves Ambitious FY27 Roadmap: ₹3,000 Crore AUM Target | MF Scheme Launch | Pre-IPO Fund
Mumbai, 15th May 2026: Monarch Networth Capital Limited (BSE: 511551 | NSE: MONARCH), one of India’s fastest-growing integrated financial services companies, today announced its Annual Audited Financial Results for FY 2025-26, reporting strong growth across all business verticals despite a challenging capital market environment.
The Company reported a Profit After Tax (PAT) of ₹181.2 Crore for FY26, a growth of 21.4% over ₹ 149.3 Crore in FY25. This marks the continuation of Monarch’s extraordinary growth trajectory, from a PAT of just ₹2 Crore in FY20 to ₹181.2 Crore in FY26.
May 18, 2026 07:52
Q4 results: PDS Q4 PAT jumps 95%; FY26 cash flow strengthens as debt declines
PDS Limited, the global supply chain solutions company offering customized solutions to global brands and retailers across services like product development, sourcing, manufacturing, and brand management, announced its consolidated financial results for the Q4 and FY 2025-26.
Key Highlights Q4 FY26:
Clocked GMV: ₹4,905crs up 5% Q-o-Q
Reported Consolidated Topline of ₹3,519crs up 11% Q-o-Q
Achieved EBIDTA of ₹122crs, growth of 12% Q-o-Q, with margin of 3.5%, up 2bps
Achieved PAT of ₹72crs growth of 95% q-o-q, with 2% margin
Key Highlights for FY26:
Clocked GMV: ₹19,666crs, up 5% Y-o-Y
Reported Consolidated Topline of ₹13,110cr, up 4% Y-o-Y
Gross margin for the year improved by 48 bps to 20.6%
Achieved PAT for the year of ₹178cr with margin of 1.4%
Order book as of early April stood at ₹5,074crs up 11%
Net Working Capital improved from ~17 days to ~4 days
₹781cr operating cash flow generated in FY26
Net Debt reduced from ₹374cr (Mar’25) to ₹105cr (Mar’26).
Proposed dividend of ₹3.30 per share for FY26 (165% of face value), of which ₹1.65 per share paid in H1FY26 as interim dividend, representing a payout ratio of 42%.
May 18, 2026 07:51
Q4 numbers: Gokul Agro Resources Limited announces its FY26 Results
Reports all time highest growth across all Key Parameters
· Consolidated Revenue grew by 23% in FY 2026 to INR 24,077 crore from INR 19,551 crore in FY 2025.
· Consolidated EBITDA grew by 27% in FY 2026 to INR 716 Crore from INR 562 crore in FY 2025.
· Consolidated EBIDTA Margin in FY 2026 was 2.97% against 2.88% in FY 2025.
· Consolidated PAT registered a phenomenal growth of 50% in FY 2026, INR 369 crore from INR 246 Crore in FY 2025.
· Consolidated ROCE, for the FY 2026 is 37%.
· EPS for FY 2026 was INR 12.52, which is all-time high.
May 18, 2026 07:49
Opening bid: Gift Nifty signals weak start as Middle East tensions rattle global market
Nifty may open 120 points lower amid geopolitical tensions and FPI selling
Indian markets may open lower as US-Iran tensions lift crude oil prices, pressure the rupee and trigger cautious global investor sentiment.
May 18, 2026 07:39
Global markets update: U.S. EQUITY FUTURES UPDATE
U.S. equity index futures have opened in the red zone on absence of firm cues while Crude prices sustained at higher levels amid fear related to widening concerbs between the U S. and Iran.
DOW FUTURES DOWN 150 POINTS OR 0.3%;
S&P 500 FUTURES DIP 17 POINTS OR 0.26%;
NASDAQ FUTURES DOWN 104 POINTS OR 0.36%
May 18, 2026 07:38
Share market live: MPS Ltd — Q4 & FY26 Results Snapshot
In one line
📌 FY26 was a year of strategic transformation for MPS — two acquisitions (Unbound Medicine, USA and Liberate Group, Australia) were executed, revenue grew 5.7% YoY, but EBITDA margins expanded meaningfully to 32.7% (+200 bps YoY) and PAT grew 16.3% YoY. The Board skipped the final dividend for the first time in many years — capital retained for post-acquisition integration and growth.
📊 Key numbers — Q4 FY26 (Consolidated; ₹ Cr)
📌 Revenue: ₹205.2 Cr (+12.7% YoY)
📌 EBITDA (before exceptional): ₹74.1 Cr (+17.4% YoY) → margin 36.1% vs 34.7% in Q4 FY25
📌 PBT: ₹64.9 Cr (+4.9% YoY)
📌 PAT: ₹47.0 Cr (-0.1% YoY — flat; lower exceptional gain vs Q4 FY25)
📌 EPS (Basic): ₹27.72 vs ₹27.76 in Q4 FY25
📈 FY26 Snapshot (Consolidated)
📌 Revenue: ₹768.4 Cr vs ₹726.9 Cr (+5.7% YoY)
📌 EBITDA (before exceptional): ₹251.4 Cr vs ₹223.4 Cr (+12.5% YoY) → margin 32.7% vs 30.7% in FY25
📌 PBT: ₹229.3 Cr vs ₹201.1 Cr (+14.0% YoY)
📌 PAT: ₹173.2 Cr vs ₹148.9 Cr (+16.3% YoY)
📌 EPS (Basic): ₹102.11 vs ₹87.80 in FY25 (+16.3% YoY)
🧩 Segment mix — FY26 (Consolidated)
📌 Research Solutions: ₹463.5 Cr (+1.1% YoY) | Segment EBITDA ₹170.2 Cr — largest segment, essentially flat
📌 Education Solutions: ₹208.9 Cr (+36.3% YoY) | Segment EBITDA ₹77.2 Cr — boosted by Unbound Medicine acquisition (Feb 2026)
📌 Corporate Learning: ₹96.0 Cr (-16.5% YoY) | Segment EBITDA ₹11.3 Cr — weak year; Liberate Group integration underway
💼 What moved the year
📌 Unbound Medicine, Inc. (USA) acquired on 9 February 2026 via MPS North America LLC for USD 16.50 million (~₹130 Cr). Unbound operates a mobile-first healthcare information and clinical decision-support platform serving hospitals, medical schools and professional associations across the US and Canada. This marks MPS’s strategic entry into the healthcare information segment with a subscription revenue model.
📌 Liberate Group (Australia) — comprising Liberate Learning Pty Ltd, App-eLearn Pty Ltd and Liberate eLearning Pty Ltd — was 100% acquired by MPS Interactive Systems (MPSi) on 28 October 2025. Liberate Group has been rebranded under the unified “Liberate Global” brand in April 2026.
📌 Margin expansion was the standout in FY26 — EBITDA margin improved 200 bps to 32.7% — reflecting better operating leverage in Research Solutions and Education Solutions despite modest revenue growth.
📌 Operating cash flow nearly doubled to ₹196.8 Cr in FY26 vs ₹100.9 Cr in FY25 — a strong signal of cash generation quality.
⚠️ Watch points
📌 Research Solutions (63% of revenue) was almost flat at +1.1% YoY — the core engine needs reigniting. Q4 FY26 Research revenue showed better traction at +7.5% YoY, suggesting some pickup.
📌 Corporate Learning segment declined 16.5% YoY and EBITDA margin compressed to 11.8% vs 17.4% in FY25 — Liberate Group integration is work in progress.
📌 Q4 FY26 PAT was flat YoY despite strong EBITDA growth because the prior year base included an exceptional write-back of ₹5.91 Cr (contingent consideration for Liberate stake). Adjusting for this, Q4 FY26 underlying PAT growth was healthy.
📌 Goodwill jumped to ₹376.3 Cr from ₹243.9 Cr — primarily Unbound (provisional goodwill ₹123.9 Cr) with working capital adjustments pending. Impairment of ₹12.9 Cr was taken on Liberate Group goodwill in Q4.
💰 Balance sheet / cash flow
📌 Total Equity: ₹596.3 Cr vs ₹478.4 Cr — strong balance sheet
📌 Total Borrowings: ₹40.3 Cr — new long-term debt of ₹29.8 Cr raised to partly fund Unbound acquisition; leverage remains very low
📌 Cash and equivalents: ₹76.6 Cr vs ₹63.4 Cr — healthy cash position post-acquisition
📌 Trade receivables: ₹133.5 Cr vs ₹116.6 Cr — modest increase in line with revenue
📌 Net Operating Cash Flow: ₹196.8 Cr vs ₹100.9 Cr (+95.1% YoY) — exceptional cash generation
📌 Dividend paid in FY26: ₹86.7 Cr (FY25 final dividend of ₹50/share paid Sep 2025)
📌 No final dividend recommended for FY26 — capital retained for post-acquisition integration and growth
🚀 Strategic update
📌 ADI BPO Services merger scheme (merger of ADI BPO into MPS Limited) has been filed with NCLT Chennai Bench on 17 April 2026, awaiting hearing. No Objection from stock exchanges received on 2 March 2026.
📌 KPMG appointed as Internal Auditors for 3 years (FY27–FY29). Walker Chandiok & Co LLP re-appointed as Statutory Auditors for a second 5-year term through 2031, both for MPS and its material subsidiary MPSi.
🔍 Key monitorables
📌 Research Solutions growth revival — the core segment was flat this year. Any acceleration in content services, AI-assisted publishing workflows, or new client additions will be critical to the FY27 revenue story.
📌 Unbound Medicine integration and ramp-up — healthcare is a new vertical. Whether MPS can cross-sell its existing publishing and content capabilities into Unbound’s client base is the strategic test.
📌 Liberate Global (Corporate Learning) margin recovery — from 17.4% EBITDA margin in FY25 to 11.8% in FY26. The segment needs stabilisation and margin improvement in FY27.
📌 Goodwill impairment risk — Liberate Group already saw a ₹12.9 Cr impairment in FY26; Unbound’s goodwill of ₹123.9 Cr is provisional and subject to final purchase price allocation.
📌 Dividend resumption — investors will watch whether MPS resumes its dividend track record in FY27 once post-acquisition capital needs are met.
📌 ADI BPO merger — once approved by NCLT, this will simplify the group structure and consolidate the parent-level holding.
May 18, 2026 07:38
Fineotex Chemical Ltd (FCL) — Q4 & FY26 Results Snapshot
In one line
📌 Q4 delivered a transformational ~162% YoY revenue jump driven by the consolidation of newly-acquired CrudeChem Technologies (US oilfield specialty chemicals); however, blended EBITDA margins compressed sharply as the lower-margin CrudeChem business diluted the legacy textile chemicals profile. PAT more than doubled in Q4 on a lower effective tax rate, while FY26 PAT growth was a modest +14% on +45% revenue growth — clearly reflecting the margin dilution from the strategic pivot into US oilfield chemicals.
📊 Key numbers — Q4FY26 (Consolidated; ₹ Cr)
📌 Revenue from Operations: ₹313.73 Cr (+162% YoY)
📌 Total Revenue (incl. Other Income): ₹323.19 Cr (+154% YoY)
📌 Gross Profit: ₹91.21 Cr (+110% YoY) → margin 29.07% vs 36.22% YoY (compression ~715 bps)
📌 EBITDA (excl. Other Income): ₹43.69 Cr (+105% YoY) → margin 13.93% vs 17.77% YoY (compression ~384 bps)
📌 PBT: ₹48.12 Cr (+82% YoY)
📌 PAT: ₹43.79 Cr (+118% YoY) → margin 13.96% vs 16.81% YoY
📌 Effective Tax Rate: 9.0% in Q4FY26 vs 23.8% in Q4FY25 — drove PAT growth above PBT growth
📌 Basic EPS: ₹0.38 vs ₹1.76 (not directly comparable due to 4:1 bonus issue + 1:2 stock split during FY26)
📈 FY26 Snapshot (Consolidated; ₹ Cr)
📌 Revenue from Operations: ₹772.23 Cr vs ₹533.33 Cr (+44.8% YoY)
📌 Gross Profit: ₹254.86 Cr vs ₹205.71 Cr (+23.9% YoY) → margin 33.00% vs 38.57% (compression ~557 bps)
📌 EBITDA: ₹134.75 Cr vs ₹127.23 Cr (+5.9% YoY) → margin 17.45% vs 23.85% (compression ~640 bps)
📌 PBT: ₹153.03 Cr vs ₹141.24 Cr (+8.4% YoY)
📌 PAT: ₹125.01 Cr vs ₹109.21 Cr (+14.5% YoY) → margin 16.19% vs 20.48%
📌 Basic EPS: ₹1.08 vs ₹9.53 (post 4:1 bonus + 1:2 split; share count expanded ~10x)
🌍 Revenue Mix — Q4 FY26
📌 International: 70.16%
📌 Domestic: 29.84%
📌 Footprint: ~70 countries, 103+ dealers, 44+ technical marketing experts
💼 What moved the quarter
📌 Massive revenue acceleration driven by full-quarter consolidation of CrudeChem Technologies Group (US, 53.33% controlling stake) — adds ~80,000 MTPA capacity in oilfield specialty chemicals.
📌 Domestic business reported healthy growth across textile chemicals and cleaning & hygiene segments.
📌 Management noted successful pass-through of raw material cost inflation (driven by Middle East geopolitical tensions) — protecting blended margins despite volatility.
📌 New US facility capacity was doubled during the quarter to cater to larger oilfield contracts.
📌 Capacity utilisation, execution capabilities and EBITDA margins at CrudeChem reportedly improving under Fineotex management.
⚠️ Why margins compressed despite topline growth
📌 CrudeChem (US oilfield chemicals) operates at structurally lower gross/EBITDA margins than the legacy textile and FMCG/cleaning business — the consolidation is mathematically diluting blended margins.
📌 Q4 Gross margin fell ~715 bps; EBITDA margin fell ~384 bps; PAT margin fell ~285 bps YoY.
📌 FY26 Gross margin fell ~557 bps; EBITDA margin fell ~640 bps; PAT margin fell ~429 bps YoY.
📌 D&A nearly doubled in Q4 to ₹4.40 Cr vs ₹2.01 Cr YoY (acquisition + new capacity).
📌 Employee costs jumped to ₹17.37 Cr in Q4 vs ₹6.55 Cr YoY (CrudeChem team additions).
📌 PAT outpaced PBT growth due to lower ETR — Q4 ETR 9.0% vs 23.8% YoY; FY26 ETR 18.3% vs 22.7% — likely a mix shift to US tax jurisdiction post-acquisition.
💰 Balance Sheet & Treasury (Consolidated; FY26)
📌 Total Assets: ₹1,159.22 Cr vs ₹814.63 Cr (+42% YoY)
📌 Goodwill: ₹73.52 Cr vs ₹6.14 Cr (CrudeChem acquisition goodwill of ~₹67 Cr)
📌 Total Borrowings: ₹8.20 Cr (LT ₹3.82 Cr + ST ₹4.38 Cr) — company remains effectively debt-free post-acquisition
📌 Cash + Bank + Current Investments: ₹73.23 Cr | Non-current Investments: ₹290.43 Cr | Loans: ₹19.32 Cr → Total treasury ~₹383 Cr
📌 Inventories: ₹154.61 Cr vs ₹64.48 Cr (+140% YoY) — consolidation of CrudeChem inventory
📌 Trade Receivables: ₹290.29 Cr vs ₹115.86 Cr (+151% YoY) — working capital expansion with US business
📌 Trade Payables: ₹160.93 Cr vs ₹56.75 Cr (+184% YoY)
🏢 Key corporate events in FY26
📌 Acquired 53.33% controlling stake in CrudeChem Technologies Group — US-based specialty chemical manufacturer of oilfield chemicals with ~80,000 MTPA capacity at Brookshire & Midland (Texas). Marquee clientele includes Halliburton, ExxonMobil, Baker Hughes, SLB, Devon, Ovintiv, NESR.
📌 Bonus issue 4:1 + Stock split 1:2 — share count expanded ~10x, impacting EPS comparability.
📌 Received ₹35.68 Cr from conversion of 75% of outstanding warrants; Promoter exercised 5,00,000 warrants at aggregate ₹17.30 Cr.
📌 Commenced new state-of-the-art 15,000 MTPA manufacturing facility in August 2025.
📌 2nd ICRA Rating Upgrade — Long Term: A+ (Positive); Short Term: A1+ (Positive).
📌 New US facility capacity doubled during Q4 to cater to larger oilfield contracts.
📌 Government approval received for AquaStrike Premium product.
🎯 Strategic positioning & opportunity
📌 US Oil Field Chemical TAM: $11.5 Bn → projected $19.8 Bn by 2035 (5.6% CAGR); Fineotex targets $200+ Mn revenue by 2028 (~5% target market).
📌 India Specialty Textile Chemicals TAM: USD 2.4 Bn (2025) → USD 3.7 Bn by 2034 (4.61% CAGR).
📌 India Cleaning & Hygiene specialty chemicals TAM: USD 2.1 Bn (2024) → USD 4.5 Bn by 2033 (8.9% CAGR).
📌 Beneficiary of EU/UK FTAs (textile zero-duty access, 30-45% UK export growth projected) and US trade cooperation in oilfield specialty chemicals.
📌 Total Group Capacity: ~2,00,000 MTPA across 5 plants (USA 80,000 + Ambernath 76,000 + Mahape 36,500 + Malaysia 6,500).
🔍 Key monitorables
📌 Sustainability of Q4-exit revenue run-rate of ~₹314 Cr (annualised ~₹1,250 Cr) — visibility on CrudeChem order book and execution.
📌 Margin recovery trajectory — can blended EBITDA margin stabilise above 18-20% as CrudeChem ramps and operating leverage kicks in?
📌 Working capital intensity post CrudeChem integration — receivables jumped 151% YoY; days outstanding to be tracked.
📌 Effective tax rate normalisation — Q4 ETR of 9% appears unusually low; sustainability in FY27 to watch.
📌 Capacity utilisation at the new 15,000 MTPA facility and doubled US capacity.
📌 Domestic textile chemicals momentum amid favourable FTA tailwinds (UK, EU).
📌 Conversion of remaining warrants (25% pending).
📌 Crude oil and US oilfield activity cycle — direct demand driver for ~40%+ of consolidated revenue going forward.
May 18, 2026 07:37
Stock Market Live: FPIs pull out ₹27,000 crore from Indian equities in May; 2026 outflows cross ₹2.2 lakh crore amid global headwinds, rupee weakens
Foreign Portfolio Investors (FPIs) have withdrawn around ₹27,000 crore from Indian equities so far in May 2026. This has pushed the total FPI outflows in 2026 to over ₹2.2 lakh crore, already surpassing the full-year outflows of ₹1.66 lakh crore recorded in 2025.
FPIs were net sellers in most months of 2026 (except February), with massive selling in March (₹1.17 lakh crore) and April (₹60,847 crore). Experts attribute this to global uncertainties, geopolitical tensions, volatile crude oil prices, a stronger US dollar, higher US bond yields, and capital shifting toward AI-focused investments elsewhere. The sustained outflows have also weakened the Indian rupee.
May 18, 2026 07:36
Stock Market Live: Vodafone Idea to raise ₹4,730 crore via warrants to Aditya Birla Group entity
Vodafone Idea has approved raising up to Rs 4,730 crore by issuing 430 crore warrants to Suryaja Investments, an Aditya Birla Group entity, at Rs 11 per warrant. This preferential allotment will strengthen the telecom company’s balance sheet and support funding needs; upon full conversion, the entity will hold about 3.82% stake. Shareholder approval is sought at an EGM on June 11. The move comes after Vi reported a massive Q4 net profit of Rs 51,986 crore, driven by a one-time Rs 55,622 crore accounting gain from a downward reassessment of its AGR dues.
May 18, 2026 07:36
Stock Market Live: Coal India gets DIPAM nod to list Mahanadi Coalfields; plans IPO and OFS to reduce stake by up to 25%, shares close up 1.84% at ₹462.15
Coal India Ltd has received approval from the Department of Investment and Public Asset Management (DIPAM) for the listing of its subsidiary Mahanadi Coalfields Ltd (MCL) on Indian stock exchanges. The plan involves a combination of a fresh equity issuance (IPO) by MCL and an Offer for Sale (OFS) by Coal India, with the overall limit set at reducing Coal India’s stake in MCL by up to 25%. The disinvestment and capital raising can happen simultaneously or separately, in one or more tranches, subject to market conditions and regulatory formalities. This move aims to unlock value from one of Coal India’s key subsidiaries. Coal India shares closed up 1.84% at ₹462.15 on May 15, 2026.
May 18, 2026 07:35
Stock market updates: ALL-TIME HIGH BREAKOUT ALERT
On May 15, these 7 stocks closed above their lifetime highs, signaling strong momentum and sustained buying interest:
💥MCX
💥Black Box
💥Adani Ports
💥Wheels India
💥TD Power Systems
💥Senores Pharmaceuticals
💥Diamond Power Infrastructure
May 18, 2026 07:34
SolaraActivePh reports its Q4 results;
👉Net Profit At ₹9.7 Cr Vs Loss Of ₹4.8 Cr (YoY)
👉Revenue Up 42% At ₹387.3 Cr Vs `273 Cr (YoY)
👉EBITDA Up 35.3% At ₹58 Cr Vs ₹43 Cr (YoY)
👉Margin At 14.9% Vs 15.6% (YoY)
May 18, 2026 07:34
Hester Biosciences reports its Q4 results:
👉Net Profit At ₹15.9 Cr Vs ₹1.2 Cr (YoY)
👉Revenue Up 22% At ₹100 Cr Vs ₹82 Cr (YoY)
👉EBITDA Up 78% At ₹34.2 Cr Vs ₹19.2 Cr (YoY)
👉Margin At 34.2% Vs 23.4% (YoY)
👉One-time Gain Of ₹2.9 Cr Vs Nil (YoY)
May 18, 2026 07:34
Stock market live: MTAR TECHNOLOGIES — MULTI-THEMATIC PRECISION ENGINEERING STORY
- MTAR Tech is increasingly emerging as a multi-theme precision engineering play connected to:
- Fuel cells
- Nuclear energy
- Defence
- Aerospace
- Space
- Data centre infrastructure
- Oil & gas
- Recent stock rally and valuation views may differ individually, but strategically the company is positioned across several emerging long-term themes
Fuel Cells / SOFC — Major Clean Energy Link
- Fuel cells remain MTAR’s largest clean energy opportunity
- Company manufactures fuel cell assemblies for Bloom Energy
- Exposure primarily linked to:
- Solid Oxide Fuel Cells (SOFC)
- This remains one of MTAR’s strongest global clean-energy associations
Green Hydrogen
- No direct confirmed green hydrogen product line currently
- However, company participates broadly in clean-energy precision engineering ecosystem
Civil Nuclear Energy — Legacy Strength
- MTAR has decades-long presence in India’s nuclear ecosystem since 1970
- Supplies precision components to:
- NPCIL
- Department of Atomic Energy (DAE)
- Nuclear remains one of company’s oldest and strongest technical capabilities
AI Data Centre Infrastructure
- Precision engineering capabilities extending into:
- SLB Data Center Solutions (DCS)
- Cooling Distribution Units (CDUs)
- Generator enclosures
- E-Houses
- AI-driven data centre expansion could become a long-term industrial opportunity
Defence & Aerospace
- Core business vertical for MTAR
- Supplies precision components for:
- ISRO
- DRDO
- BrahMos programs
- Product capabilities include:
- Electro-mechanical actuation systems
- Ball screws
- Roller screws
Space Opportunity
- Space remains dedicated business vertical
- Long-standing ISRO supplier
- Potential beneficiary of India’s space privatization and rising private-sector participation
Oil & Gas
- Oil & Gas remains established business segment
- Precision engineered components supplied into industrial energy applications
Key Structural Theme
- MTAR is gradually positioning itself as a high-precision manufacturing platform participating across:
- Clean energy
- Strategic defence
- Nuclear
- Space
- AI infrastructure
- Advanced industrial engineering
- The company’s key moat lies in:
- Precision manufacturing capability
- Qualification barriers
- Long client relationships
- High-entry engineering ecosystem
Final Takeaway
- MTAR Technologies stands out as a diversified precision engineering company connected to multiple emerging structural themes simultaneously. Exposure to Bloom Energy fuel cells, nuclear infrastructure, defence, space and AI-linked industrial systems creates a unique multi-sector positioning, although long-term execution and scaling across these verticals remain the key monitorables
Impact
- Positive Long-Term Structural Theme
May 18, 2026 07:33
KNR HEAT Q4—Company expects Q2 FY26 step-up as new HVAC plant contributes
KNR HEAT Q4 : Co says Step-up in Q2 FY26 as new HVAC plant began contributing post 31 May 2025 commissioning
Q2 margin dip driven by initial ramp costs and lower-margin RM inter-billing to HVAC subsidiary
Q3 FY26 recovery to ~20% margin on backward integration, inventory gains, and full-assembly Bus AC mix
Co says Asset and-team acquisition (Q2 FY26) gives KRN entry to ₹1,000 Cr+ Bus AC market and a path to full railway HVAC systems
May 18, 2026 07:32
Stock market
Share market live: Foreign Institutional Investors have increased stake in these companies
(% holding)
BSE:
June 2023: 8.7%
March 2026: 19.4%
MTAR
June 2023: 4.5%
March 2026: 17.31%
General Electric Vernova:
June 2023: 0.3%
March 2026: 20.3%
Artemis Hospital
June 2023: 0.07%
March 2026: 12.19%
HDFC AMC
June 2023: 12.99%
March 2026: 24.45%
May 18, 2026 07:30
Movers & Shakers: Stocks that will see action this week
Movers & Shakers: Stocks that will see action this week
Discover key insights on Balrampur Chini Mills, Bharti Hexacom, and KEI Industries stocks for this week’s trading opportunities.
May 18, 2026 07:29
Stocks to watch: ICICI Bank, HFCL, Dr Reddy’s, Adani Ports, Uno Minda among key movers
Buzzing stocks: PFC-REC merger, RBL Bank deal, Adani Ports acquisition drive action
Key stocks to watch include ICICI Bank, Adani Ports, Dr Reddy’s, and more amid notable market developments and expansions.
May 18, 2026 07:16
MF updates: Hybrid MFs attract ₹1.55 lakh cr in FY26 on diversified investment appeal
Hybrid MFs attract ₹1.55 lakh cr in FY26 on diversified investment appeal
Investors turn to diversified strategies amid West Asia tensions and market volatility
May 18, 2026 07:14
Share market live: PM Modi woos Swedish companies to invest in India, says ‘reform express’ at full speed
PM Modi invites Swedish firms to invest in India, says ‘reform express’ moving fast
PM Modi urged Swedish firms to invest in India’s green energy, AI and manufacturing sectors, highlighting reforms, growth and India-EU FTA gains.
May 18, 2026 07:14
Stock market live today: India, Sweden elevate ties to Strategic Partnership after Modi-Kristersson talks
India and Sweden elevate ties to Strategic Partnership during PM Modi visit
India and Sweden upgraded ties to a Strategic Partnership as PM Modi and Ulf Kristersson discussed AI, defence, trade and green transition.
May 18, 2026 06:54
Stock market live: HFCL bags Rs 106 crore export order for optical fibre cables
HFCL bags Rs 106 crore export order for optical fibre cable supply
HFCL has secured a USD 11.07 million export order for optical fibre cables, strengthening its global business and long-term revenue visibility.
May 18, 2026 06:51
IPO updates: Muthoot FinCorp may dilute at least 10% stake in proposed IPO
Muthoot FinCorp plans Rs 4,000 crore IPO, may dilute minimum 10% stake
Muthoot FinCorp plans to raise up to Rs 4,000 crore through an IPO to fund growth, with at least 10% stake dilution likely.
May 18, 2026 06:44
Commodities market live: Analysts flag US-Iran conflict, crude prices as key market triggers this week
Analysts flag US-Iran conflict, crude prices as key market triggers this week
Analysts highlight US-Iran conflict and crude oil prices as crucial market influencers for Dalal Street this week.
May 18, 2026 06:43
US Market Outlook: Gaining momentum
US Market Outlook Gaining momentum
US market outlook shows dollar and Treasury yields rising, while equity indices remain stable but cautious amid potential corrections.
May 18, 2026 06:42
Stock market
Index Outlook: Arm-wrestling resistance
Index Outlook Arm-wrestling resistance
Market indices face potential declines; Nifty, Sensex, and Nifty Bank need to breach resistance levels for bullish reversal.
May 18, 2026 06:39
Technical call buy
Stock to buy today: Ola Electric Mobility (₹35.70)
Stock to buy today: Ola Electric Mobility (₹35.70)
Once the uptrend resumes, the stock can rally to ₹50 over a few weeks. Therefore, traders can buy at ₹35 and place a stop-loss at ₹32

Published on May 18, 2026

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Latest Share Market News, Sensex, Nifty, BSE, NSE Today | The HinduBusinessLine

SENSEX 75,315.04

NIFTY 23,649.95

CRUDEOIL 10,245.00

GOLD 158,854.00

SILVER 272,848.00

SENSEX 75,315.04

NIFTY 23,649.95

NIFTY 23,649.95

CRUDEOIL 10,245.00

CRUDEOIL 10,245.00

GOLD 158,854.00

Sensex, Nifty, Share Prices Highlights: India's equity benchmarks closed flat on ​Monday as persistent concerns over the impact of the ‌Iran war offset a partial rebound in IT stocks.

Key Highlights

This live blog is closed for the day.

Rupee hits fresh low of 96.34 per US dollar amid surging global bond yields, elevated oil

Rupee hits fresh low of 96.34 per US dollar amid surging global bond yields, elevated oil

Markets recoup day's losses at closing

SEBI working on framework for AI-based trading amid growing cyber threats: Tuhin Kanta Pandey

SEBI working on framework for AI-based trading amid growing cyber threats: Tuhin Kanta Pandey

Electrosteel Castings Q4 results

Rupee down 0.4% at 96.36 per US dollar at 3:30 pm; Previous close at 95.96

Nifty ends up 6.45 points or 0.03% at 23,649.95

Sensex ends 77.05 points up or 0.10% at 75,315.04

Anarock Group FY26 revenue rises 25% to ₹946 cr

Anarock Group FY26 revenue rises 25% to ₹946 cr

Hind Rectifiers shares slide 3.5% as strong FY26 revenue masks margin pressure

Hind Rectifiers shares slide 3.5% as strong FY26 revenue masks margin pressure

Oswal Pumps shares slide, posted record FY26 earnings

Oswal Pumps shares slide, posted record FY26 earnings

Tera Software shares surge 5% after profit growth announcement

Bank of India raises fixed deposit rates for medium- and long-term tenures

Bank of India raises fixed deposit rates for medium- and long-term tenures

Jain Resource Recycling reports ₹62 crore Q4 profit

Gold futures rise ₹598 in volatile trade amid tensions in West Asia

Gold futures rise ₹598 in volatile trade amid tensions in West Asia

Mangalam worldwide announces 10:1 stock split to boost liquidity

Strides Pharma reports Q1 profit drop, declares ₹5 dividend

EPACK Prefab posts 34.5% revenue jump in FY26, stock falls 4%

EPACK Prefab posts 34.5% revenue jump in FY26, stock falls 4%

Cantabil Retail India reports ₹29.23 crore profit in Q4

Sensex, Nifty off day's low, but cautious sentiment continues

Vinati Organics subscribes to rights issue of wholly owned unit Veeral Organics

Why gold weakens below ₹1,58,500 amid Fed rate hike fears

Why gold is under pressure as it falls below ₹1,58,500 level

Silver futures slide to ₹2.7 lakh/kg as oil rally fuels inflation concerns

Silver futures slide to ₹2.7 lakh/kg as crude oil rally fuels inflation concerns

Tata Power, Druk Green ink pact to build training framework for clean energy in Bhutan

Tata Power, Druk Green ink pact to build training framework for clean energy in Bhutan

JSW Energy sells 2.5 crore JSW Steel shares for ₹3,150 cr via bulk deal

JSW Energy sells 2.5 crore JSW Steel shares for ₹3,150 cr via bulk deal

Platinum demand for Indian vehicle production up 1% in Q1, but jewellery offtake down 15%

Platinum demand for Indian vehicle production up 1% in Q1, but jewellery offtake down 15%

FCI to raise ₹50,000 crore short-term loan for foodgrain operations

FCI to raise ₹50,000 crore short-term loan for foodgrain operations

Stock in Focus: NTPC

Expert View | Renisha Chainani, head of research at Augmont

EXIM Bank eyes 10% jump in loan book in FY27 despite West Asia tensions

EXIM Bank eyes 10% jump in loan book in FY27 despite West Asia tensions

Govt weighs options to revive stalled IDBI Bank privatisation

Govt weighs options to revive stalled IDBI Bank privatisation

Zydus Wellness FY26 profit halves to ₹197 cr despite 46% revenue growth

Zydus Wellness FY26 profit halves to ₹197 cr despite 46% revenue growth

KEC International stock hits 52-week low

Liberty Mutual Raises LGI Stake to 74%

VRL Logistics Q4 results

Bank of India revises FD rates

Kotak Alts Invests ₹200 Million in Cellogen Therapeutics

Share market live: HDB Financial Services board allotted NCDs aggregating to Rs 300 crore.

Share market live: Amber Enterprises shares crash nearly 15% after Q4 results disappoint on PAT front

Amber Enterprises shares crash nearly 15% after Q4 results disappoint on PAT front

Stock in focus: Amber Enterprises shares crash nearly 15% after Q4 results disappoint on PAT front

Amber Enterprises shares crash nearly 15% after Q4 results disappoint on PAT front

Corporate deals: TVS Motor to acquire 4.9% stake in Jana Small Finance Bank for ₹193 crore

TVS Motor to buy 4.9% stake in Jana Small Finance Bank for ₹193 crore

Stock Market Live: Zydus Wellness Q4 profit surges; board recommends Rs 1.20 dividend, shares down 1% at Rs 494.80

Stock Market Live: Marine Electricals jumps 4% to Rs 227 on Rs 209 crore order wins

Stock Market Live: Hind Rectifiers falls 11% to Rs 845; approves Rs 100 cr preferential share issue

Stock Market Live: DRC Systems Q4 profit drops; board approves investment in Skizzle Technolabs

Sensex, Nifty, Share Prices Highlights: India's equity benchmarks closed flat on Monday as persistent concerns over the impact of the ‌Iran war offset a partial rebound in IT stocks.