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ensex Today, Nifty 50 | Stock Market Highlights: Equity benchmarks fell on Friday, posting a monthly drop as uncertainty over a U.S.-Iran peace deal prompted investors to lock in gains after the previous month’s strong rally.
Losses swelled in the last half an hour’s trade on Friday as index provider MSCI’s May index rejig came into effect. The 50-stock index had plunged 11.3% in March before rebounding 7.5% in April.
Brent Crude futures fell 19% in May, but remain 27.3% above the levels seen before the Iran war. India is the world’s third biggest crude importer. Elevated oil prices and a lack of AI trade have kept the Indian market out of favour among foreign investors, analysts said.
Ten of the 16 major sectors logged monthly losses. Broader markets outperformed, with the small-cap and mid-cap indexes rising 0.7% and 3.2%, respectively, on earnings optimism.
Top Gainers: Adani Enterprises surged 22%, after the U.S. dropped fraud charges against Gautam Adani. Hindalco and National Aluminium gained 8.6% and 6.3% as steady domestic demand, pricing comfort and global supply worries linked to the Iran war lifted metal prices.
Top Losers: Heavyweight financials and IT stocks lost 1.2% and 0.9%, while Reliance Industries shed 7.7%. ONGC fell 11.4% on profit booking after a 25% rise over the previous four months, and on concerns over production delays at key projects. ITC declined 8.9% as analysts flagged that recent price hikes will likely weigh on cigarette volumes in June.
At the interbank foreign exchange market, the rupee opened at 95.77 against the US dollar, then touched an intraday high of 94.97 and a low of 95.78 during the day. At the end of Friday’s trading session, the rupee was quoted at 95.05 (provisional), up 53 paise from its previous close.
- May 29, 2026 16:02
Rupee soars to best day in nearly two months as central bank steps in, oil drops
Rupee soars to best day in nearly two months as central bank steps in, oil drops
The rupee ended the session at 95 per dollar, up 0.7% from the previous session, its best day since April 2
- May 29, 2026 15:51
Hindustan Copper board approved proposal to award Contract to Lohum Materials Pvt. Ltd.
Hindustan Copper board approved proposal to award Contract to Lohum Materials Pvt. Ltd. for restarting the Operations of Gujarat Copper Plant, a unit of HCL on “Revenue Sharing Model” for a period of 20 years and extendable for further 5 years’ and;
The proposal of execution of Memorandum of Understanding (MoU) between HCL and Central University of South Bihar, Gaya to enable collaborative industry-academia cooperation within areas of CSR projects, education & research, mineral exploration, ore geology, geospatial analysis, hydrogeology, environmental geology, sustainable agriculture, soil health management, water resource conservation, fisheries-based livelihood development, environmental sustainability, livelihood generation, capacity building, research, training, rural community development and integrated farming systems. The MoU will be executed in due course.
(iii) The proposal for signing Memorandum of Understanding between HCL and Engineers India Limited for various services like Pre-Project & Exploration Services, Engineering, Design & Specialized Metallurgy, Safety, Statutory & Integrity Studies, Sustainability & Advanced Technical Solutions etc. The MoU will be executed in due course.
(iv) The proposal for execution of General Agreement with CSIR-NML Jamshedpur for Research & Development (R&D) projects at Indian Copper Complex, Hindustan Copper Limited. The agreement will be executed in due course.
- May 29, 2026 15:51
Strong passive fund activity was witnessed ahead of the MSCI rebalancing close, with some stocks seeing exceptionally large flow-driven trades
* Infosys – ₹2,100 Cr
* Federal Bank – ₹1,980 Cr
* HDFC Bank – ₹1,850 Cr
* Reliance Industries – ₹1,300 Cr
* NALCO – ₹1,230 Cr
* HUL – ₹1,190 Cr
* Hyundai Motor India – ₹1,040 Cr
* MCX – ₹1,000 Cr
* TCS – ₹950 Cr
* Bajaj Finance – ₹900 Cr
* M&M – ₹825 Cr
These elevated volumes reflect MSCI rebalancing adjustments by global passive funds, which likely contributed to the sharp volatility witnessed during the closing session. Market participants should note that such flow-driven moves are often technical in nature and may not necessarily reflect a change in the underlying fundamentals of these companies.
- May 29, 2026 15:44
Stock Market Closing Bell: Sensex tanks 1,092.06 points to settle at 74,775.74; Nifty slumps 359.40 points to 23,547.75
- May 29, 2026 15:42
Broker’s Call: Finolex Industries (Buy)
Broker’s Call: Finolex Industries (Buy)
The company does not have any major growth capex plan for FY27, as the management believes the current production capacity (520 ktpa) can cater to the near-term growth requirement
- May 29, 2026 15:39
Karur Vysya Bank (KVB) announced the launch of its premium credit card portfolio on the Visa platform
- May 29, 2026 15:32
Asian Paints posts strong Q4 rebound, declares ₹27.50 total dividend for FY26
Asian Paints posts strong Q4 rebound, declares ₹27.50 total dividend for FY26
For the full year FY26, standalone net sales grew 4.3 per cent to ₹30,680 crore, while consolidated net sales rose 5.1 per cent to ₹35,516 crore
- May 29, 2026 15:29
Q4 results live : NLC Industries
NLC Industries posted standalone net profit for the quarter ended March 2026 at Rs 66.19 crore compared to Rs 9.13 crore in the same quarter last year.
Board approved to discontinue the operations of its Doors division in view of operational and commercial challenges.
Board recommended final dividend of Rs 2 per share, in addition to interim dividend of Rs 1.50 per share.
- May 29, 2026 15:29
RattanIndia Enterprises narrowed its loss in Q4FY26 to Rs 124.7 crore compared to Rs 352.9 crore loss in Q4FY25.
- May 29, 2026 15:17
At around 3.05 pm, benchmarks were down over 1%. Sensex tanked 1046.37 pts or 1.38% to 74,821.43, and NIfty 50 slumped 349.55 pts or 1.46% to 23,557.60
- May 29, 2026 14:59
Stock market
AvenuesAI (Infibeam Avenues) reported consolidated net profit for the quarter ended March 2026 at Rs 88.9 crore compared to Rs 54.6 crore in the same quarter last year
Board approved the acquisition of balance 9.90% stake from the existing Shareholder of Nueromind Technologies Private Limited (“Nueromind”), Subsidiary Company. Post acquisition, it would become a Wholly Owned Subsidiary Company.
Board approved to make an investment of not exceeding 2.50% stake in Ratnaafin Capital Private Limited.
- May 29, 2026 14:59
Quarterly results
Mishra Dhatu Nigam posts higher Q4 profit, recommends final dividend
Mishra Dhatu Nigam reported a standalone net profit of ₹77.74 crore for the quarter ended March 2026, compared to ₹56.14 crore in the same quarter last year. The board recommended a final dividend of ₹1.25 per equity share. Shares surged 3 per cent to ₹428.40 on the NSE.
- May 29, 2026 14:58
Stock down
Natco Pharma reports sharp drop in Q4 profit, shares decline
Natco Pharma reported a standalone net profit of ₹209.6 crore for the quarter ended March 2026, compared to ₹428.1 crore in the same quarter last year. Shares fell 10 per cent to ₹1,061.30 on the NSE.
- May 29, 2026 14:58
Stock market
Market breadth turns negative on NSE
Of all 4,400 stocks that were traded on the NSE at around 2:21 pm, 1,749 advanced, 2,428 declined and 223 remained unchanged.
About 175 stocks scaled 52-week highs, while 60 stocks hit 52-week lows. In addition, 211 scrips hit the upper circuit and 170 hit the lower circuit.
- May 29, 2026 14:55
Around 2.50 pm, Sensex dragged 342.54 pts or 0.45% to trade at 75,525.26, and Nifty 50 fell 137 pts or 0.57% to 23,769.75
- May 29, 2026 14:55
Motilal Oswal Private Wealth maintains neutral stance on Indian equities, sees opportunity in broader markets
Motilal Oswal Private Wealth maintains neutral stance on Indian equities, sees opportunity in broader markets
Motilal Oswal Private Wealth maintains a neutral stance on Indian equities amid geopolitical uncertainty, favoring mid and small caps.
- May 29, 2026 14:19
Domestic market drives growth for MM Forgings Ltd amid global slowdown
Domestic market drives growth for MM Forgings Ltd amid global slowdown
MM Forgings Ltd's domestic sales surged to 71% in Q4FY26, driving growth amid global market challenges.
- May 29, 2026 14:18
Quarterly results
Asian Paints reports strong rise in Q4 profit to ₹1,160.74 crore
Asian Paints posted a standalone net profit of ₹1,160.74 crore for the quarter ended March 2026, compared to ₹694.79 crore in the same quarter last year. The board recommended a final dividend of ₹23 per share. Shares were flat at ₹2,701.70 on the NSE.
- May 29, 2026 14:17
Industry update
Avaada Electro named top performer in Kiwa PVEL’s 2026 reliability scorecard
Avaada Electro, the solar PV manufacturing arm of Avaada Group, has been recognised as a ‘Top Performer’ in Kiwa PVEL’s 2026 PV Module Reliability Scorecard.
Avaada Electro demonstrated strong performance across multiple testing parameters and received Top Performer recognition across six test categories under Kiwa PVEL’s Product Qualification Program (PQP), which evaluates PV modules under a wide range of environmental and mechanical conditions.
In Kiwa PVEL’s 2026 testing cycle, Avaada Electro’s M10L, G12R and G12 Glass-to-Glass N-type TOPCon solar modules were recognised as Top Performers.
Kiwa PVEL is the leading reliability and performance testing lab for downstream solar project developers, financiers, and asset owners around the world. Kiwa PVEL’s Product Qualification Program has been globally recognised for replacing assumptions about PV module performance with quantifiable metrics.
- May 29, 2026 14:16
Quarterly results
IPCA Laboratories swings to Q4 profit, shares remain flat
IPCA Laboratories posted a standalone net profit of ₹262.29 crore for the quarter ended March 2026, compared to a loss of ₹65.05 crore in the same quarter last year and a profit of ₹303.45 crore in the December 2025 quarter. The board recommended a dividend of ₹6 per share. Shares were flat at ₹1,572.20 on the NSE.
- May 29, 2026 13:51
Quarterly results
Deccan Cements reports lower Q4 profit, recommends dividend
Deccan Cements posted a standalone net profit of ₹4.72 crore for the quarter ended March 2026, compared to ₹7.95 crore in the same quarter last year. The board recommended a dividend of ₹0.50 per share.
- May 29, 2026 13:51
Quarterly results
BEML reports sharp fall in Q4 profit, declares interim dividend
BEML posted a standalone net profit of ₹179.32 crore for the quarter ended March 2026, falling 60.6 per cent from ₹288.04 crore in the same quarter last year. The company declared a second interim dividend of ₹2.30 per share. Shares fell over 7 per cent to ₹1,702.90 on the NSE.
- May 29, 2026 13:50
Quarterly results
Bartronics India posted standalone net profit for the quarter ended March 2026 at ₹2.09 crore compared to ₹93.10 lakh in the same quarter last year
- May 29, 2026 13:50
Quarterly results
Kernex Microsystems (India) posts sharp rise in Q4 profit, shares rally
Kernex Microsystems (India) posted a standalone net profit of ₹64.56 crore for the quarter ended March 2026, compared to ₹32.50 crore in the same quarter last year. Shares rallied 15 per cent to ₹1,703.60 on the NSE.
- May 29, 2026 13:49
Quarterly results
Steel Strips Wheels posts higher Q4 profit, recommends final dividend
Steel Strips Wheels posted a standalone net profit of ₹64.45 crore for the quarter ended March 2026, compared to ₹61.70 crore in the same quarter last year. The board recommended a final dividend of ₹1.50 per share.
- May 29, 2026 13:46
Banking
Bank time deposits, debt MFs act as complementary investment avenues: RBI report
Bank time deposits, debt MFs act as complementary investment avenues: RBI report
RBI report highlights bank time deposits and debt mutual funds as complementary investment options in India's evolving financial landscape.
- May 29, 2026 13:32
Gold silver
Domestic silver futures fall to ₹2.68 lakh/kg
Domestic silver futures fall to ₹2.68 lakh/kg
Domestic silver futures drop to ₹2.68 lakh/kg as participants reduce bets, with July contracts falling 0.49%.
- May 29, 2026 13:30
Motilal Oswal Private Wealth Stays Neutral on Indian Equities
Motilal Oswal Private Wealth’s latest Alpha Strategist May 2026 report, titled “Down, But Not Out”, highlights that while Indian capital markets have underperformed several global peers in the near term, the broader domestic macroeconomic backdrop remains resilient. In the current environment, small and mid-caps (SMIDs) have demonstrated relative resilience, outperforming large caps by a significant margin since the beginning of the Middle East conflict.
Citing India’s macroeconomic resilience and strong fundamentals, Motilal Oswal Private Wealth retains its neutral stance on Indian Equities with a relative overweight stance on the mid and small cap segment. The suggested portfolio allocation may be approximately 50% hybrid/large caps, 40% SMIDs, and 10% global exposure. The firm recommends lump sum deployment in hybrid strategies and a staggered approach for pure equity-oriented strategies.
Within fixed income, Motilal Oswal Private Wealth believes interest rates are likely to remain elevated for longer, with the RBI signalling a pause in the rate-cut cycle and global inflation risks resurfacing amid elevated oil prices, currency volatility, and geopolitical uncertainty. The firm continues to suggest cash-flow focused accrual strategies across the credit spectrum, while cautioning that any renewed pressure on crude prices or rupee may push bond yields higher again.
Further, it maintains a neutral allocation stance on precious metals – gold and silver – with more weight towards gold, supported by continued central bank buying and easing speculative excess in global gold markets.
- May 29, 2026 13:21
Quarterly results
Finolex Cables Q4 results
Finolex Cables reported standalone net profit for the quarter ended March 2026 at Rs 161.19 crore compared to Rs 151.86 crore in the same quarter last year.
Board recommended dividend of Rs 9 per share.
Shares traded 3% lower at Rs 1,144.95 on the NSE.
- May 29, 2026 13:21
Industry update
Refex Industries Bags Rs 36.91 Crore Ash Transportation Order
Refex Industries has procured an order for Excavation, Loading and Transportation of pond ash to Open Cast Mines/Stone Quarries/NHAI project sites. (Consideration Rs 36.91 cr)
- May 29, 2026 13:18
Stock market
Avanti Feeds slides 6% as long-serving CFO steps down; strong FY26 earnings offer little cushion
Avanti Feeds slides 6% as long-serving CFO steps down; strong FY26 earnings offer little cushion
Avanti Feeds shares fall 6% as CFO steps down, despite strong FY26 earnings and management changes.
- May 29, 2026 13:11
Stock market
Nifty slips below 23,850 by midday; IT holds firm as energy, aviation stocks drag
Nifty slips below 23,850 by midday; IT holds firm as energy, aviation stocks drag
Markets reversed their early morning gains by midday on Friday, with both benchmark indices trading in negative territory as selling pressure in energy, aviation, and infrastructure stocks outweighed continued strength in information technology.
- May 29, 2026 13:01
Quarterly results
Lincoln Pharmaceuticals net profit flat at ₹12 crore in Q4
Lincoln Pharmaceuticals net profit flat at ₹12 crore in Q4
Lincoln Pharmaceuticals reports flat Q4 net profit at ₹12 crore, with income rising 13% to ₹183 crore amid strong demand.
- May 29, 2026 13:00
Quarterly results
Ashiana Housing shares falls 2%
Ashiana Housing shares declined 2% to Rs 369.85 at 12.54 pm.
Its consolidated net profit remained nearly flat at Rs 20.98 crore for the quarter ended March 2026.
- May 29, 2026 13:00
Quarterly results
Jyoti CNC Automation Q4 results
Jyoti CNC Automation reported standalone net profit for the quarter ended March 2026 at Rs 135.03 crore compared to Rs 121.91 crore in the same quarter last year.
Shares traded flat on the NSE at Rs 652.25
- May 29, 2026 12:59
Bank of Maharashtra Revises MCLR Rates Across Select Tenors
Bank of Maharashtra has undertaken a review of MCLR and decided to revise the Marginal Cost of Funds Based Lending Rate (MCLR) as under:
Tenor - Overnight: Exisitng 7.65%, revised to 7.55%
Tenor - One month: Existing 8.20%, revised 8.30%
- May 29, 2026 12:59
Economy
India’s growth outlook for FY27 remains positive: RBI Annual Report
India’s growth outlook for FY27 remains positive: RBI Annual Report
West Asia conflict and the attendant risks could pose headwinds to growth and inflation in the short run
- May 29, 2026 12:52
Quarterly results
BF Investment Q4 Profit Jumps Nearly Threefold; Stock Surges 15%
BF Investment reported standalone net profit for the quarter ended March 2026 at Rs 87.3 crore compared to Rs 30.8 crore in the same quarter last year.
Board recommended final dividend of Rs 10 per share.
Shares rallied 15% to Rs 462 on the NSE
- May 29, 2026 12:41
Industry update
Amit Arora appointed as CEO & MD of Shree Digvijay Cement
Shree Digvijay Cement Co.Ltd has appointed Amit Arora as CEO & MD f the company w.e.f. May 29, 2026.
- May 29, 2026 12:27
Quarterly results
Happiest Minds' Q4 profit jumps 80% to ₹61.17 crore; revenue rises 11% to ₹604 crore
IT firm Happiest Minds Technologies on Friday reported a 79.9 per cent growth in consolidated net profit to Rs 61.17 crore in the January-March quarter of FY26, primarily on the back of improved employee utilisation and a resulting expansion in operating margins.
The company had posted a net profit of Rs 34 crore in the corresponding quarter of FY25, according to regulatory filings.
Revenue from operations grew 10.9 per cent to Rs 604.08 crore during the quarter under review, as compared to Rs 544.57 crore in the year-ago period.
Seen sequentially, profit and revenue rose 51.7 per cent and 2.8 per cent, respectively.
Employee utilisation improved to 81.4 per cent in the quarter under review, up from 77.4 per cent in the corresponding period last year. As of March 31, 2026, the company has 6,497 employees.
Happiest Minds Q4 profit jumps 80% to ₹61.17 crore; revenue rises 11% to ₹604 crore
IT firm Happiest Minds Technologies on Friday reported a 79.9 per cent growth in consolidated net profit to Rs 61.17 crore in the January-March quarter of FY26, primarily on the back of improved employee utilisation and a resulting expansion in operating margins.
- May 29, 2026 12:26
Quarterly results
Aegis Logistics Q4 results
Aegis Logistics posted standalone net profit for the quarter ended March 2026 at Rs 524.31 crore compared to Rs 225.64 crore in the same quarter last year.
Board recommended final dividend of Rs 6.70 per share.
Shares traded 6% higher on the NSE at Rs 757.70.
- May 29, 2026 12:25
Quarterly results
Adisoft Tech net profit up 79% on robust demand
Adisoft Tech net profit up 79% on robust demand
Adisoft Tech reports a 79% net profit increase, driven by strong demand for automation solutions and manufacturing efficiencies.
- May 29, 2026 12:22
Commodities
Crude oil set for 19% collapse in May as traders bet on truce renewal
Crude oil set for 19% collapse in May as traders bet on truce renewal
Brent dropped toward $92 a barrel, down 19% this month, while West Texas Intermediate was below $88.
- May 29, 2026 12:10
Industry update
Seamec Begins Statutory Drydock Process for SEAMEC GLORIOUS
Seamec Ltd informed that Barge “SEAMEC GLORIOUS” arrived at Pipava Yard today to undertake its scheduled Statutory Drydocking at SWAN Defence and Heavy Industries Limited. The Vessel after completion of drydock will return to Mumbai which will be intimated in due course of time
- May 29, 2026 12:09
Expert View | Vikram Subburaj, CEO, Giottus.com
Bitcoin traded near the $73,000-$74,000 range on May 29 as the market remained in consolidation mode. Buyers were unable to push prices above key resistance levels seen earlier this month. The immediate support zone is between $72,000 and $73,000. On the upside, Bitcoin faces resistance around the $75,000 mark, which remains the key level traders are watching in the near term. If Bitcoin moves above $75,000, it could signal renewed buying strength. The next major level to watch is between $78,000 and $80,000. Bitcoin has struggled to move past this range several times in recent months, making it an important resistance zone.
Institutional positioning remains the dominant market driver. Spot Bitcoin ETF flows have moderated compared to the strong inflows seen earlier in the quarter. While broad-based liquidation has not emerged, investors are closely monitoring ETF demand as a gauge of institutional appetite.BlackRock’s Bitcoin ETF continues to attract strong investor demand. A large portion of recent ETF inflows has gone into BlackRock’s fund. These inflows have helped absorb selling pressure and provided support to Bitcoin during periods of market weakness.
On-chain indicators suggest that the broader market structure remains intact despite the ongoing consolidation. Long-term Bitcoin holders are still holding strong profits. Most investors who bought Bitcoin earlier remain in profit, and current market data does not show signs that are usually seen during a bear market. However, network activity has yet to return to the elevated participation levels witnessed during previous cycle peaks. This indicates that retail involvement remains relatively subdued.
Macro developments remain the primary risk factor. Markets are increasingly focused on the Federal Reserve’s policy outlook after recent inflation readings signalled that price pressures remain sticky. Expectations for aggressive rate cuts have been pushed back, resulting in higher Treasury yields and a stronger dollar environment. Upcoming US jobs and inflation data will be important for the market. These reports could affect the Federal Reserve’s future interest rate decisions.
The altcoin market continues to trail Bitcoin. Bitcoin dominance remains above 60%, showing that investors still prefer the relative safety of the largest cryptocurrency. Ethereum is trading near the $2,000 mark, while Solana remains below the $100 level despite strong ecosystem activity. BNB has held up better than many major altcoins and continues to show resilience during market volatility. XRP remains stable above the $1.30 region, supported by institutional interest. TRON has been one of the stronger performers among large-cap cryptocurrencies. This indicates that the market remains in a consolidation phase rather than a full altcoin rally.
Our advice: Investors should remain selective rather than chasing every market rally. Bitcoin continues to hold above the important $72,000-$73,000 support zone, but a sustained move above $75,000 is needed before the market can target the broader $78,000-$80,000 resistance area. Bitcoin dominance remains above 60%, indicating that capital is still favouring large-cap assets over speculative altcoins. Until ETF inflows strengthen further and US macroeconomic data supports a more dovish Federal Reserve outlook, investors may be better served focusing on fundamentally strong assets such as Bitcoin, Ethereum, Solana and BNB while maintaining disciplined risk management and avoiding excessive leverage
- May 29, 2026 12:09
Personal finance
Groww Mutual Fund Launches Smallcap Momentum-Quality ETF
Groww Mutual Fund has announced the launch of the Groww Nifty Smallcap 250 Momentum Quality 100 ETF , an open-ended exchange-traded fund tracking the Nifty Smallcap250 Momentum Quality 100 Index – TRI, subject to tracking error.
The ETF aims to provide investors with a passive and rules-based way to gain exposure to India’s small-cap segment through a combination of momentum and quality factors.
- May 29, 2026 12:08
Stock market
Stock in focus: ACME solar
ACME Solar shares flat at Rs 306.85 on the NSE. Its subsidiary commissioned an additional 34.6 MW BESS in Rajasthan
- May 29, 2026 12:07
Univastu India Secures ₹115.79 Crore Variation Order for Mumbai Metro Line 6
Univastu India said it has received a variation order dated May 27, 2026, from IRCON International Limited for the Mumbai Metro Rail Project undertaken by the Mumbai Metropolitan Region Development Authority (MMRDA).
The variation order pertains to the project involving design, manufacture, supply, installation, integration, testing and commissioning of power supply and traction systems, electrical and mechanical works, lifts and escalators for Mumbai Metro Line 6 between Swami Samarth Nagar and Vikhroli (EEH). The scope also includes five years of comprehensive maintenance after a two-year defect liability maintenance period.
The total value of the variation order stands at ₹115.79 crore, excluding GST and customs duty.
The original letter of award for the project was valued at ₹485.67 crore and €2.67 million, excluding GST and customs duty.
The order has been issued by IRCON International, which is executing the metro project for MMRDA.
- May 29, 2026 12:05
Stock market
Sensex Holds Gains in Choppy Trade; Nifty 50 Marginally Lower
At 12 pm, Sensex was up 36.60 pts or 0.05% at 75,904.40, while Nifty 50 slipped 29.30 pts or 0.12% to 23,877.85.
- May 29, 2026 11:59
Mrs. Bectors crosses ₹2,000 crore revenue mark, stock slides 1.4% on muted margins
Mrs. Bectors crosses ₹2,000 crore revenue mark, stock slides 1.4% on muted margins
Mrs. Bectors reports ₹2,043.6 crore revenue, but stock dips 1.4% amid profit decline and pressured margins.
- May 29, 2026 11:58
Industry update
NTPC Commissions 34.4 MW Solar Capacity at Ramagundam Project
NTPC has informed the exchange regarding ‘Declaration of Commercial Operation of second part capacity of 34.4 MW out of 176 MW capacity of NTPC s Solar PV Project at Ramagundam
Shares traded at Rs 393.35 on the NSE, down 1%
- May 29, 2026 11:46
Quarterly results
Q4 Results Today Live: Asian Paints, IndiGo, NMDC, Glenmark Pharma, Ipca Lab, IREDA, Gujarat Gas, Natco Pharma, Inox Wind, BEML, NMDC Steel, JM Financial to announce Q4 results
Follow our live coverage here - May 29, 2026 11:45
Stock market
Graphite India shares surged nearly 3%
Graphite India shares surged nearly 3% to Rs 766.85 at around 11.40 am after opening lower at Rs 736.05 and hitting a low of Rs 716 from the previous close of Rs 746.80.
It posted standalone net loss for the quarter ended March 2026 at Rs 73 crore compared to Rs 62 crore profit in the same quarter last year.
- May 29, 2026 11:45
Groww Mutual Fund Launches Smallcap Momentum-Quality ETF
Groww Mutual Fund has announced the launch of the Groww Nifty Smallcap 250 Momentum Quality 100 ETF, an open-ended exchange-traded fund tracking the Nifty Smallcap250 Momentum Quality 100 Index – TRI, subject to tracking error.
The ETF aims to provide investors with a passive and rules-based way to gain exposure to India’s small-cap segment through a combination of momentum and quality factors.
NFO Period: May 29 – June 12, 2026
- May 29, 2026 11:39
Stock market
Nifty IT was up over 2%
Nifty IT was up over 2% at 29,618.20 (as at 11.33 am); Top gainers: LTM, Coforge, Infosys, Persistent Systems and MphasiS
- May 29, 2026 11:38
Banking
HDFC Bank denies material impact on alleged ₹45 crore payment routing issue
Responding to the alleged disguising of extra interest payments as marketing expenditure on deposits placed by a Maharashtra Government-owned entity, HDFC Bank on Friday stated that this matter does not have a material impact on the financial statements and the internal controls at the Bank are robust.
Read the full story here - May 29, 2026 11:18
Companies
Waaree Energies said to hire banks for $700 million share sale
Waaree Energies said to hire banks for $700 million share sale
Waaree Energies plans to raise $700 million through a share sale, hiring top banks for management.
- May 29, 2026 11:06
Quarterly results
Physicswallah shares gain 5% after Q4 loss narrows, brokerages stay positive on growth outlook
Physicswallah shares gain 5% after Q4 loss narrows, brokerages stay positive on growth outlook
Physicswallah shares rise 5% post-Q4 loss reduction, with brokerages optimistic about growth and profitability outlook.
- May 29, 2026 11:00
Quarterly results
Bharat Dynamics shares tumble 8% after weak Q4 earnings raise execution concerns
BDL Q4 results: Bharat Dynamics shares tumble 8% after weak Q4 earnings raise execution concerns
Bharat Dynamics shares plummet 8% after disappointing Q4 earnings raise concerns over execution and revenue conversion.
- May 29, 2026 10:59
Reliance bets big on AI to drive next phase of growth for entertainment business
Reliance bets big on AI to drive next phase of growth for entertainment business
Reliance Media Entertainment vertical, which includes JioStar, Jio Studios, and Network18, delivered record-breaking metrics in viewership, engagement and monetisation in FY26 with revenue from operations at ₹34,917 crore
- May 29, 2026 10:53
Review
Quote: Manav Modi Commodities Analyst Motilal Oswal Financial services Ltd
Gold ended the session higher as easing U.S. Treasury yields and renewed hopes of a potential U.S.-Iran agreement supported bullion, although the market remained highly volatile amid fresh military escalations in the Middle East. Earlier in the session, gold was under pressure after renewed clashes between Washington and Tehran reignited fears of energy-driven inflation. Iran’s Islamic Revolutionary Guard Corps claimed responsibility for strikes on a U.S. airbase in Kuwait in retaliation for American attacks on Bandar Abbas, while Kuwait confirmed missile and drone interceptions without naming the source.
The attacks marked another escalation despite repeated assertions from the U.S. that a ceasefire remained intact. Sentiment later improved after reports suggested the U.S. naval blockade on Iran could eventually be lifted as part of a broader peace framework, although President Donald Trump stated he was still not fully satisfied with the proposed agreement. On the data front, U.S. inflation readings remained elevated, with headline PCE rising 3.8% year-on-year in April and core PCE coming in at 3.3%, reinforcing concerns that the Federal Reserve may maintain a hawkish stance. Meanwhile, durable goods orders surprised positively at 7.9%, while GDP growth slowed to 1.6%, indicating a mixed economic backdrop.
- May 29, 2026 10:52
Stock up
Wockhardt shares surge to 52-week high on CDSCO nod for Zaynich
Wockhardt shares hit a 52-week high of ₹1,974 on the NSE before trading 7.7 per cent higher at ₹1,907.90 at 10:39 a.m. compared with the previous close of ₹1,771.
This follows the CDSCO’s nod to import and market Zaynich. Zaynich treats urinary tract infections in adult patients.
- May 29, 2026 10:52
Major stocks that hit 52-week high on the NSE: ADANI GROUP STOCKS -Adani Energy, Adani Green, Adani Power, ATGL; and BHEL, AIA Engineering, CG Power, Cummins India
- May 29, 2026 10:43
LIC shares trade at ₹412.70 as bonus issue takes effect
Shares of Life Insurance Corporation of India (LIC) opened ex-bonus on the National Stock Exchange on Friday, trading at ₹412.70 — down ₹2.30 or 0.55 per cent — following a mechanical price adjustment triggered by the company’s 1:1 bonus share issuance. The record date and ex-date for the bonus issue are both May 29, 2026.
Read full story here
- May 29, 2026 10:39
REC signs pact with ERDA over third-party quality testing
REC signs pact with ERDA over third-party quality testing
The collaboration aims to ensure that materials deployed in RDSS works conform to prescribed standards and contribute towards enhanced operational reliability and efficiency
- May 29, 2026 10:36
Stock market
Nifty Prediction Today – May 29, 2026: Nifty futures: Intraday rally expected
Nifty Prediction Today – May 29, 2026: Nifty futures: Intraday rally expected
Nifty futures may rally to 24,150 today, supported by positive trends and key trading strategies.
- May 29, 2026 10:19
Quarterly results
Alkem Laboratories shares jump after Q4 revenue growth and upbeat FY27 outlook
Shares of Alkem Laboratories surged over 6 per cent in early trade on Friday after the company reported strong revenue growth for the March quarter and issued a positive outlook for FY27, with management highlighting growth opportunities in India, the US and other international markets. Read the full story here
- May 29, 2026 10:17
Stock market
Paytm shares flat following SC's GST verdict fails to provide relief
One 97 Communications (Paytm) shares flat on the NSE at Rs 1,125.20. Following the Supreme Court upholding a 28% GST on online gaming, Paytm clarified there is no impact regarding its First Games GST matter. The First Games gaming business was discontinued in August 2025, and its investment carrying value is already nil. A GST SCN of Rs 5,712 cr is still pending adjudication
- May 29, 2026 10:13
Companies
Solar Industries Bags ₹1,076 Crore Defence Export Orders
Solar Industries India and its subsidiary have received export orders worth Rs 1076 Crores for Supply of Defence Products, to be delivered over a period of 3 years
- May 29, 2026 10:12
Companies
RIL to seek shareholders' nod for ₹16.64 lakh crore transactions related to JPL, Reliance Jio
RIL to seek shareholders' nod for ₹16.64 lakh crore transactions related to JPL, Reliance Jio
Transactions with Jio Platforms and Reliance Jio Infocomm to continue from FY 2027-28 to FY 2031-32
- May 29, 2026 10:09
Forex
Rupee rises 5 paise to 95.53 against US dollar in early trade
Rupee rises 5 paise to 95.53 against US dollar in early trade
Rupee strengthens 5 paise to 95.53 against the US dollar amid easing geopolitical tensions and stable oil prices.
- May 29, 2026 10:06
Quarterly results
Ashok Leyland shares fall after early gains as margin concerns overshadow Q4 earnings beat
Ashok Leyland shares fall after early gains as margin concerns overshadow Q4 earnings beat
Ashok Leyland shares dip post-earnings due to margin concerns, despite an initial rise and strong quarterly profit results.
- May 29, 2026 10:04
Expert View | Vikram Kasat, Head Advisory, PL Capital
Dell up 80% in 20 days 🚀🚀🚀
President Trump is undefeated in the stock market.
On May 8th, President Trump told everyone to “go out and buy a Dell.”
19 days later, on May 27th, Dell was awarded a $9.7B contract with the US Pentagon.
Today, Dell, $DELL, reported stronger than expected earnings and the stock surged +30%.
Dell’s stock is now up +80% since May 8th, adding +$120 BILLION in market cap.
- May 29, 2026 10:04
Kotak AMC Launches New Low-Volatility Alpha Index Fund
Kotak Mahindra Asset Management Company has announced the launch of the Kotak Nifty Alpha Low-Volatility 30 Index Fund, an open-ended scheme that will replicate and track the Nifty Alpha Low-Volatility 30 Index.
The new fund offer (NFO) opens for public subscription on May 29, 2026, and closes on June 12, 2026.
The Nifty Alpha Low-Volatility 30 Index comprises 30 companies selected based on a combination of Alpha and Low-Volatility factors. While the Alpha factor aims to identify stocks with the potential to outperform the broader market, the Low-Volatility factor focuses on stocks with relatively stable price movements.
By combining these two factors, the index seeks to balance return potential with risk management. The index follows a rule-based methodology and is rebalanced periodically.
- May 29, 2026 10:02
Stock market
Markets at 10:00 am
Sensex up 92.61 points or +0.12% to trade at 75,960.41Nifty rises 1.70 or 0.01% to 23,908.85
- May 29, 2026 10:00
Mid and small-cap earnings growth keeps broader market outlook positive: Arunasset’s Ankit Patel
Mid and small-cap earnings growth keeps broader market outlook positive: Arunasset’s Ankit Patel
Mid and small-cap earnings growth supports a positive market outlook, with strong predictions for future performance, says Arunasset's Ankit Patel.
- May 29, 2026 09:58
Agriculture
IMD Alert
IMD further reduces its monsoon forecast to 90% of long period average, retaining the “below normal” category. In April the forecast was 92% of LPA.
IMD said south, central, North West regions of India will have below normal rain, while North East may have normal precipitation in June-Sept monsoon season.
Monsoon rains may be below normal, maximum temperature in most parts is likely to be above normal in June, IMD said
- May 29, 2026 09:55
Companies
Wipro shares jump nearly 4.6% at open on ServiceNow AI deal buzz
Wipro shares jump 4.6% at open on ServiceNow AI deal buzz
The stock opened at ₹211.00, up nearly 4.6 per cent from Wednesday’s close of ₹201.58, before paring some gains to trade at ₹205.53, up ₹3.95 or 1.96 per cent, as of 9:40 am
- May 29, 2026 09:50
Magellanic Cloud Arm Bags ₹7.64 Crore Order from South Central Railway
Magellanic Cloud: Provigil Surveillance Limited, a wholly owned subsidiary of the Company, has received a Letter of Acceptance (LOA) from South Central Railway, Nanded Division for an aggregate value of approximately Rs. 7.64 Crore.
- May 29, 2026 09:49
Quarterly results
Prime Focus Q4 results
Prime Focus posted standalone net profit for the quarter ended March 2026 at Rs 4.32 crore compared to Rs 16.11 crore loss in the same quarter last year.
Shares up 2% to Rs 244 on the NSE
- May 29, 2026 09:48
Quarterly results
Unimech Aerospace shares 4% lower on tepid Q4
Unimech Aerospace and Manufacturing shares traded 4% lower at Rs 941 on the NSE.
Company posted standalone net profit for the quarter ended March 2026 at Rs 1.89 crore compared to Rs 5.11 crore in the same quarter last year.
- May 29, 2026 09:41
Stock market
IT stocks lead Nifty higher as crude dips on Iran truce reports; FII selling caps gains
IT stocks lead Nifty higher as crude dips on Iran truce reports; FII selling caps gains
The Sensex opened at 75,988.51 and was trading at 76,111.28, up 243.48 points, as of 9.18 am, while Nifty 50 opened at 23,902.15 and was trading at 23,956.75, up 49.60 points
- May 29, 2026 09:31
Quarterly results
Alkem Laboratories shares surged 6.1% after strong Q4
Alkem Laboratories shares surged 6.1% to Rs 5,789 on the NSE before trading at Rs 5,742 at 9.27 am.
Its standalone net profit for the quarter ended March 2026 stood at Rs 217 crore compared to Rs 276.9 crore in the same quarter last year.
Board recommended final dividend of Rs 10 per share.
- May 29, 2026 09:29
Commodities
Crude oil futures fall on reports of possible US-Iran ceasefire extension
Crude oil futures fall on reports of possible US-Iran ceasefire extension
Crude oil futures drop as reports emerge of a potential US-Iran ceasefire extension, impacting market expectations.
- May 29, 2026 09:28
Quarterly results
Ashok Leyland shares up after strong Q4
Ashok Leyland shares rose 1.2% in early trade to Rs 165.70 from the previous close of Rs 163.62 before trading flat at Rs 162.46 at 9.23 am.
It reported an 11 per cent increase in consolidated net profit for the fourth quarter ended March 31, 2026, to ₹1,381 crore. Follow our live coverage here
- May 29, 2026 09:27
Expert View | Market Commentary | Avinash Shekhar, Co-Founder & CEO, Pi42
“Bitcoin is trading below the $74,000 level as broader market sentiment remains cautious despite renewed discussions around a potential U.S.–Iran deal and continued pro-crypto messaging from the Trump administration. The muted reaction suggests that macro uncertainty and ongoing distribution activity are currently outweighing positive headlines in the near term.
At the same time, market data indicates that Bitcoin has entered a cooling phase after the recent rally, with rising active distribution signalling increased profit booking and weaker short-term momentum. Price action has also come under pressure after key support levels failed to hold, contributing to the recent decline toward the low-$70,000 range.
What is becoming increasingly evident in the current cycle is that capital is not necessarily exiting the crypto market entirely, but rotating more selectively amid heightened uncertainty. Market participants are increasingly reallocating toward assets and narratives showing relative strength, with tokens such as HYPE, Stellar, and NEAR continuing to attract attention even as Bitcoin consolidates. This behaviour is typically seen in more mature market phases, where investors actively rebalance exposure rather than fully exiting. It also reflects how crypto market is evolving beyond broad momentum driven rallies into a more narrative and liquidity-driven environment.
In the near term, Bitcoin’s direction is likely to remain closely tied to macro sentiment, geopolitical developments, and liquidity expectations. However, the ongoing rotation across sectors suggests that investor appetite within crypto market has not disappeared, but is becoming increasingly selective, diversified, and conviction driven.”
- May 29, 2026 09:27
Analyst View | Kotak Securities Research
ONGC (Reco: Buy, FV: Rs. 385) - Weak 4Q; TSP to BP for entire Western Offshore a positive
ONGC’s 4Q was weak with revenue 6.1% below KIE and EBITDA down 6.5% (~14% below KIE), driven by weaker volumes and one-offs. Oil/gas sales declined 5%/3% yoy (flat for FY2026), impacted by KG-98/2 delays and West Asia war. Positively, in year one of the BP TSP, MH production exceeded baseline by 2% for oil and 9% for gas despite limited capex, with likely sharper gains as new facilities come up. ONGC has now expanded TSP with BP to the full Western Offshore (69% of ONGC’s output), and expects 3-4% CAGR growth by 2030 (versus ~2% earlier declines despite IOR/EOR). Maintain BUY with FV Rs385.
GMR Airports (Reco: Buy, FV: Rs. 110) - A breather ahead before a strong comeback in FY2028
GMR Airports reported a strong 47% yoy growth in EBITDA with a modest 4% miss linked more to volatile line items—top-three assets EBITDA was a modest beat. Net debt has flattened over the past six months. A weak start to FY2027 on pax count will take out the benefits of strengthening non-aero per pax spends. Good progress was registered on self-development projects and increasing visibility of a strong uptick in FY2028 EBITDA from real estate monetization. We cut estimates by 0-6% and revise FV to Rs110 (Rs112 earlier). Key imponderables include (1) impact of commissioning of new terminal space for international in Delhi airport, (2) potential entry in new services for airports beyond the current portfolio and (3) end-game of regulatory outcomes.
Ashok Leyland (Reco: Reduce, FV: Rs. 170) - In-line quarter; tough road ahead
AL reported 4QFY26 EBITDA of Rs20.7 bn, in line with our estimates as better- than-expected gross margin print was offset by higher staff and other expenses. Given recent diesel price increase amid ongoing geopolitical tensions, we expect the CV cycle growth to moderate and outlook to be cautious; we expect volume growth to moderate as fleet operators’ profitability will get negatively impacted. Additionally, we expect profitability to decline in FY2027E due to RM headwinds and lack of operating leverage. Retain REDUCE with a revised FV of Rs170 (Rs190 earlier).
Vinati Organics (Reco: Sell, FV: Rs. 1200) - Growth remains a struggle
Vinati Organics (VOL) revealed on its 4QFY26 earnings call that declines in revenues from IBB and ATBS were the key reason for the company’s 1% revenue drop in FY2026. Management continues to guide to 15% volume growth in FY2027, but the VOPL projects continue to struggle, while market conditions and competition remain risks. We cut EPS by a further 9-10% and retain SELL with a revised FV of Rs1,200 (down from Rs1,260).
Varroc Engineering (Reco: Reduce, FV: Rs. 550) - Another weak quarter
Varroc Engineering’s 4QFY26 EBITDA of Rs2.2 bn was 6% below our estimates owing to a weak revenue print. The company continues to grow the EV orderbook; we believe revenues will grow marginally ahead of industry growth owing to increased competitive intensity in key segments. We expect the company’s margins recovery to remain below expectations owing to increased competitive intensity, especially in the EV segment and the B2B nature of the business. Additionally, the overseas business should see gradual recovery led by new order wins across segments. Retain REDUCE with an FV of Rs550 (Rs590 earlier) based on 17X June 2028E consolidated EPS.
Siemens (Reco: Sell, FV: Rs. 2950) - Not as much localized; getting hit, finding it difficult to alter
SIEM’s segment profit declined 15% yoy against a similar revenue growth. Externalities are reflecting as vividly (maybe more) in case of peers on a low quantum base business margin, amplifying RM/FX overhang. SIEM shared difficulty in addressing the limited localization constraint that drives low quantum of base business margin. Analyst call suggests that the part of weakness in key metrics (order inflows, cash flows and margin) is driven by timing issues. That said, the result brings out the unpredictability in financials in times of market externalities, limiting case of rerating versus peers. We cut estimates by 7-9%, net of lower margin and higher DC estimates. Downgrade to SELL (from REDUCE) on expensive 79X/64X one/two-year forward EPS.
Mphasis - Mphasis investor day takeaways
We attended Mphasis investor day. Key takeaways are as follows—(1) management believes current AI trends will benefit Mphasis, (2) newly introduced Tria platform is capable of driving end-to-end modernization leveraging AI, (3) the business model will shift to platform + people model focusing on outcomes and (4) large deals team has helped Mphasis take better advantage of AI-led disruption. Retain REDUCE with an FV of Rs2,275.
ESG - Varun Beverages: CY2025 Annual Report analysis
Varun Beverages’ CY2025 Annual Report highlights (1) a 16.8% yoy increase in PBT to Rs40.1 bn, supported by government grants of Rs7.8 bn, one‑off items of Rs0.3 bn and forex gains of Rs2.3 bn; (2) forex gains are primarily driven by intercompany USD-denominated loans extended by VBL to its subsidiaries; (3) PepsiCo franchisee rights treated as having an indefinite life, amortization over life would lead to PBT for CY2025 being lower by 1.0%; (4) a decline in RoE to 16.9% on lower asset turns and a larger equity base post- QIP; and (5) FCF post interest turning positive at Rs5.2 bn, amid lower finance costs and a moderation in capex.
Real Estate (Sector View: Attractive) - Listed plays continue to grow, while industry remains subdued
Real estate sales for coverage companies in 4QFY26 grew 16% yoy, led by DLF and Oberoi, taking FY2026 pre-sales to Rs1.37 tn (+17% yoy)—modestly short of the 20% growth guidance. In contrast, industry sales grew by 5% yoy in FY2026, led by pricing growth of 8% yoy, even as volumes declined 3% yoy. Industry volumes have remained rangebound for three years in a row, while larger developers continue to grow through a combination of improving market share (15%, +150 bps yoy) and expansion to new geographies. Coverage players are targeting pre-sales of Rs1.6 tn (+17% yoy) for FY2027E on the back of launches worth Rs2 tn, even as stocks continue to factor a weak outlook. Valuation comfort, low growth expectations and liquid balance sheets keep us constructive, while we remain watchful of the ongoing geopolitical tensions and their impact on domestic demand.
Telecommunication Services (Sector View: Attractive) - TRAI April 2026 data: Vi holds the fort
TRAI’s April 2026 subscriber data shows Vi continuing to report marginal subscriber gains for the third consecutive month. Bharti leads net subscriber additions, driven largely by the M2M segment. The VLR gap between leaders widened mom to 1.1% (0.6 mom), as Bharti’s VLR ratio reached a multi- quarter high of 99.7%. MBB net additions remained robust at 7.2 mn, while FWA (including UBR) net additions remained muted at ~0.4 mn, led by Bharti’s performance. MNP requests rose to 14.7 mn (14.6 mom).
- May 29, 2026 09:26
Stock market
Top gainers and laggards of Nifty 50
Top gainers of Nifty 50:
Wipro (+3.66%), Infosys (+3.33%), HCL Tech (+1.89%), TCS (+1.72%), Tech Mahindra (+1.33%)
Top losers: ONGC (-1.84%), Bharti Airtel (-1.14%), Eicher Motors (-1.10%), Coal India (-0.87%), BEL (-0.76%)
- May 29, 2026 09:21
Stock market
Markets open in green
Sensex gained 199.69 pts or 0.26% to 76,067.49 at 9.16 am after opening at 75,988.51 compared to the previous close of 75,867.80, and Nifty 50 inched up by 35.75 pts or 0.15% to 23,942.90.
- May 29, 2026 09:20
Forex
RBI likely intervened to shore up rupee, traders say
RBI likely intervened to shore up rupee, traders say
The Reserve Bank of India likely intervened in the foreign exchange market to shore up the rupee ahead of the local spot market open on Friday, five traders told Reuters.
- May 29, 2026 09:17
Stock market
Sensex opens up 211.20 points to 76,079.00, while Nifty 50 rises 49.45 to 23,956.60
- May 29, 2026 09:16
Commodities
Crude Oil Slips on Reports of Extended U.S.-Iran Ceasefire
Crude oil futures traded lower on Friday morning following reports that the US and Iran have agreed to extend the ceasefire by 60 days, though there was no confirmation on this from US President Donald Trump or Iranian authorities. At 9.11 am on Friday, August Brent oil futures were at $91.74, down by 1.04 per cent, and July crude oil futures on WTI (West Texas Intermediate) were at $87.58, down by 1.48 per cent. June crude oil futures were trading at ₹8421 on Multi Commodity Exchange (MCX) during the initial hour of trading on Friday against the previous close of ₹8537, down by 1.36 per cent, and July futures were trading at ₹8286 against the previous close of ₹8378, down by 1.10 per cent
- May 29, 2026 09:13
EARNINGS (net income adj. ests. in INR where available):
* Aegis Logistics Ltd. (AEGISLOG IN) 4Q 2.36b (5 analysts)
* Asian Paints Ltd. (APNT IN) 4Q 10.4b (21)
* BEML Ltd. (BEML IN) 4Q
* Concord Biotech Ltd. (CONCORDB IN) 4Q
* Glenmark Pharmaceuticals Ltd. (GNP IN) 4Q 5.2b (5)
* Inox Wind Ltd. (INXW IN) 4Q
* InterGlobe Aviation Ltd. (INDIGO IN) 4Q 18.7b (6)
* IPCA Laboratories Ltd. (IPCA IN) 4Q 2.61b (11)
* JM Financial Ltd. (JM IN) 4Q
* Jyoti CNC Automation Ltd. (JYOTICNC IN) 4Q
* NMDC Ltd. (NMDC IN) 4Q 22.2 (5)
* NMDC Steel Ltd. (NSLNISP IN) 4Q
* Natco Pharma Ltd. (NTCPH IN) 4Q 1.65b (6)
* Olectra Greentech Ltd. (OLECTRA IN) 4Q
* Swan Corp. (SWANCORP IN) 4Q
- May 29, 2026 09:12
EQUITY PREVIEW
* Alkem Lab (ALKEM): 4Q Net Income -23% Y/y to INR2.36b, Misses Estimates (1)
* Ashok Leyland (AL): 4Q Net Income +12% Y/y to INR14.04b, Meets Estimates
* Bata India (BATA): 4Q Net Income -95% Y/y to INR22.1m, Misses Estimates
* Enviro Infra (EIEL): Wins INR2.07b order for Hybrid renewable energy project
* GAIL India (GAIL): Buys Cargo for June Delivery at Mid-$17 Range: LNG TENDER
* GMR Airports (GMRAIRPO): 4Q Net Income INR3.02b vs. loss 2.38b Y/y
* HCL Technologies (HCLT): Launches Autonomous Finance platform for use with Gemini Enterprise
* IDFC First Bank (IDFCFB): Gets 5.15B Rupees for Microfinance-Related Claim
* Indian Oil Corp. (IOCL): Buys Shipment for June Delivery: LNG TENDER
* JSW Steel (JSTL): Begins Development of 13.2M Tons/Yr Paradeep Plant
* Lupin (LPC): Says its Ankleshwar facility gets EIR from U.S. FDA
* Oil India (OINL): Sign Jv. pact with Hindustan Waste for bioenergy & sustainable resource recovery
* P&G Hygiene (PG): 4Q Net Income 1.53B Rupees Vs. 1.56B Rupees Y/y
* Sanstar (SANSTAR): Ingredion Takes 9% Equity Stake in Sanstar, Enters Joint Venture
* Tata Consultancy (TCS): TCS Partners With Mistral to Build AI Models for Enterprises
* Tata Elxsi (TELX): Introduces Helthcare AI development platform
* Varroc Engineering (VARROC): Approves raising INR5b via bonds
* Wipro (WPRO): Expand Servicenow pact to EMBED Agentic AI Workflows
* Wockhardt (WPL): Gets India regulatory nod to import, market Zaynich
* Zydus Lifesciences (ZYDUSLIF): Raises Buyback Price to 1,260 Rupees/Share
- May 29, 2026 09:12
Global bits
U.S.: Growth slowed as Q1 GDP was revised down to 1.6%, while war-driven energy inflation pushed Fed rate-cut hopes lower and revived hike fears.
Canada: The Bank of Canada warned geopolitical shocks and elevated oil prices are increasing financial system vulnerabilities despite stable delinquency trends.
Eurozone: ECB officials flagged persistent inflation risks from the Middle East energy shock, keeping the door open for further tightening.
UK: UK and broader European equities remained under pressure from renewed Middle East tensions and rising energy costs.
Japan: Rising corporate prices and energy risks kept Japan cautious despite slightly improved manufacturing sentiment and new resource trade outreach.
Asia-Pacific: Refiners across Asia faced fuel shortages and lower throughput as the Hormuz disruption continued reshaping regional energy flows.
Russia: Russia strengthened banking and central bank defence infrastructure amid rising security threats tied to the prolonged conflict.
Africa: The African Development Bank cut growth expectations for 2026 as fuel and food inflation from the war hurt economic momentum.
Brazil: Brazil’s economy showed signs of stronger Q1 growth, though policymakers remain cautious about imported inflation pressures.
Middle East: Oil markets stayed highly volatile as supply disruptions, stalled diplomacy, and alternative trade routes reshaped global energy dynamics.
Source: Reuters
- May 29, 2026 09:07
Forex
Rupee opens 0.15% up at 95.55 per US dollar
- May 29, 2026 09:03
Gold silver
Gold inches up as investors eye US-Iran ceasefire deal
Gold inches up as investors eye US-Iran ceasefire deal
Gold edged higher on Friday as investors assessed reports of a U.S.-Iran ceasefire deal amid growing concerns around inflation and U.S. interest rate hikes.
- May 29, 2026 08:42
Economy
Global growth to weaken amid West Asia conflict: WEF survey
According to a World Economic Forum (WEF) Chief Economists’ Outlook survey, nearly nine in ten economists expect global growth to weaken over the next year amid Middle East conflicts and the closure of the Strait of Hormuz, which is driving up energy and food prices and risking major supply chain disruptions. India stands out positively, with 52% of surveyed chief economists forecasting strong or very strong growth, making it the geography with the strongest growth prospects. India is seen as relatively resilient—along with the US—thanks to robust domestic demand, investment, infrastructure push, trade agreements (including with the EU), and policy support, even as it faces some risks like currency pressures. Only 13% anticipate a global recession.
- May 29, 2026 08:41
Companies
Wipro's American Depositary Receipt surges 13%
Wipro’s American Depositary Receipt (ADR) surged over 13% (reaching around $2.33) in US trading on May 28, 2026, driven by strong investor optimism around the company’s expanding AI initiatives and partnerships. The rally was fueled by Wipro’s deepened alliance with ServiceNow to deploy agentic AI across key enterprise functions like IT, HR, procurement, and cybersecurity. This move aims to help large organizations scale AI from experimentation to real-world operations using Wipro’s Intelligence platform. Positive sentiment was further boosted by an improved outlook for technology spending in the US market.
- May 29, 2026 08:36
Economy
Govt to announce measures to boost capital inflows
The Indian government is expected to announce several measures within a week to boost foreign capital inflows and stem outflows. Key proposals under discussion include reducing the Long-Term Capital Gains (LTCG) tax on listed equities and bonds, and lowering the 20% withholding tax on interest from government securities, which is currently among the highest globally. These steps aim to reverse heavy FPI outflows of $24.28 billion so far in 2026, arrest the decline in forex reserves (down ~$39.6 billion), and support the weakening rupee while helping finance the widening current account deficit. Additional measures like curbs on outward remittances and gold imports are also being considered.
- May 29, 2026 08:27
Stock market
Japan's Nikkei climbs toward record high
Japan’s Nikkei share average rose toward a record on Friday, powered by renewed optimism for a near-term peace deal in the Middle East and enthusiasm about AI shares after strong earnings from Dell Technologies.
The Nikkei climbed as much as 2.1% in early trading to reach 66,041.83, putting it not far from Wednesday’s all-time peak of 66,428.81.
The broader Topix advanced as much as 1.5% to touch 3,961.31, approaching Wednesday’s lifetime high of 3,971.77.
- May 29, 2026 08:18
Stock market
India bonds likely to rise on lower oil, but debt supply tempers optimism
Indian government bonds are likely to rise in early deals on Friday, tracking a decline in oil prices, although any major gains seem unlikely until the weekly debt auction.
The benchmark 6.48% 2035 note is expected to trade in the 6.96% to 7.02% range, a private bank trader said. It had ended at 6.9960% on Wednesday. Indian markets were closed on Thursday for a holiday. Bond prices move inversely to yields. - Retuers
- May 29, 2026 08:17
Market View | Gaurav Udani, Founder - ThinCredBlu Securities
“Nifty is expected to open slightly lower around 23,800, down nearly 100 points, indicating a cautious start amid weak global cues.
The index continues to trade within a broader range, with sentiment remaining cautious near resistance zones. Technically, 23,600–23,700 remains an important support range, while 24,000–24,100 continues to act as immediate resistance.
The market is still searching for clear direction, and traders are likely to react strongly near these key levels.
After the recent holiday break, volatility may remain elevated as markets adjust to global developments and overnight cues.
The setup currently suggests a range-bound market with a slight negative bias. Traders should avoid aggressive positions at the open and focus on confirmation before initiating fresh trades.”
- May 29, 2026 08:15
Stock market
Sensex, Nifty likely to open flat as investors assess Iran war peace prospects
Sensex, Nifty likely to open flat as investors assess Iran war peace prospects
The GIFT Nifty futures were at 23,890.05 as of 7:52 am, indicating the benchmark Nifty 50 would open near Wednesday’s close of 23,907.15.
- May 29, 2026 08:07
Forex
Rupee likely to contend with outflows even as US-Iran ceasefire reports give oil relief
The Indian rupee could find marginal breathing room on Friday on reports that the U.S. and Iran have agreed to extend a ceasefire, while traders will be wary of latching onto momentum as multiple reports in recent memory have led to no resolution.
Dollar outflows related to the global equity index adjustments, though, are likely to be a pressure point for the currency on the day, two traders said.
The rupee is expected to open in the 95.90-95.95 range, per traders, slightly weaker than its close at 95.69 on Wednesday. India’s financial markets were shut on Thursday for a local holiday. Oil futures fell on hopes for a potential deal to extend a U.S.-Iran ceasefire, although remarks from Vice President JD Vance that the nations were “close” to reaching a deal but “not there yet” kept a floor under prices.
- May 29, 2026 07:56
Quarterly results
Ashok Leyland Q4 profit rises 11% as CV volumes hit record high
Ashok Leyland posts record FY26 profit, revenue and CV sales growth
Ashok Leyland reported record FY26 revenue and profit as commercial vehicle sales, exports and Switch Mobility business posted strong growth.
- May 29, 2026 07:45
Events Update
As of 07:31 AM Friday 29 May 2026
9:00 AM Cello World
Dial: +91 22 6280 1144
Weblink: https://tinyurl.com/4nt54k9h
9:00 AM Happiest Minds
Dial: +91 22 6280 1458
Weblink: https://tinyurl.com/a6uyvydd
9:00 AM EFC (I) Ltd
Dial: +91 22 6280 1550
Weblink: https://tinyurl.com/488vr9my
10:00 AM Elgi Equipments
Weblink: https://tinyurl.com/bdxr6be5
10:00 AM DSM Fresh Foods
Dial: 086 3416 9087
Weblink: https://tinyurl.com/5c4ck7n3
10:30 AM Guj Pipavav
No Contact Available
Please check again for details @ www.researchbytes.com
10:30 AM Network People
Dial: +91 22 6280 1341
Weblink: https://tinyurl.com/zmb6h3c5
( Hosted by Valorem )
11:00 AM OnEMI Tech Solu
Weblink: https://tinyurl.com/mr2xpch3
( Hosted by Concept IR )
11:00 AM Bigbloc Constru
Dial: +91 22 6280 1341
Weblink: https://tinyurl.com/2nbfppnm
( Hosted by Valorem )
11:00 AM Max India
Dial: +91 22 6280 1309
Weblink: https://tinyurl.com/yk58kcc6
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11:30 AM Technocraft Ind
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11:30 AM Kamdhenu
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12:00 PM ECOS (India)
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- May 29, 2026 07:45
World Stocks Hit Record High as Oil Prices Slide Sharply
World stocks stood at record highs on Friday and oil futures eyed the steepest weekly drop for nearly two months as traders waited for details on a potential deal to reopen the Strait of Hormuz and extend the U.S.-Iran ceasefire.
Moves in the Asia morning were modest, with S&P 500 futures steady after the index notched another record closing high overnight. Brent crude futures fell about 50 cents a barrel to $93.17 for a weekly drop of more than 10%.
The dollar headed for a small fall on the week, which tracks a retreat in U.S. yields.
MSCI’s index of world stocks edged up to a record high, with AI-euphoria lifting chipmaker shares around the world and pushing benchmarks in Tokyo and Seoul up around 2% on Friday morning and toward weekly rises.
- May 29, 2026 07:40
Pfizer inks up to $10.5 billion deal with China’s Innovent Biologics
Pfizer inks up to $10.5 billion deal with China’s Innovent Biologics
Pfizer Inc. and China’s Innovent Biologics Inc. signed a global agreement worth as much as $10.5 billion to develop cancer drugs.
- May 29, 2026 07:37
Ipo
SpaceX lowers IPO valuation target to at least $1.8 trillion
SpaceX lowers IPO valuation target to at least $1.8 trillion
The rocket, data and artificial intelligence firm’s target is settling lower after aiming for a valuation above $2 trillion following consultations with advisers and investors, sources said.
- May 29, 2026 07:29
Stock market
Market Movements
- S&P 500 futures were little changed as of 9:54 a.m. Tokyo time
- Hang Seng futures rose 0.6%
- Japan’s Topix rose 1.1%
- Australia’s S&P/ASX 200 rose 0.7%
- Euro Stoxx 50 futures fell 0.1%
- May 29, 2026 07:27
Quarterly results
RoRo cargo drives 27% rise in Gujarat Pipavav Port Q4 profit
Gujarat Pipavav Port Ltd, which operates a port in Amreli district of Gujarat, reported a 27% jump in consolidated net profit for the fourth quarter of FY26, aided by a sharp surge in automobile cargo movement and higher operating revenue, even as container traffic remained subdued.
Gujarat Pipavav Port Q4 profit jumps 27% on strong RoRo cargo growth
Gujarat Pipavav Port reported a 27% rise in Q4 profit as automobile cargo volumes surged, though container traffic remained under pressure.
- May 29, 2026 07:26
Companies
No need to reduce GST on flex-fuel vehicles: Tata Motors MD
To promote flex-fuel vehicles, Tata Motors has said the government should make the fuel affordable (cheaper) rather than reducing the goods and services tax (GST) on such vehicles because price of the fuel directly impacts the customers.
“There is absolutely no need to reduce the GST on such vehicles...benefit has to go to consumers. A study has to be done by what level it can be reduced. That could be the threshold, otherwise people won’t get excited about flex-fuel vehicles (FFVs). If you make it cheaper that would become a base fuel and people will start buying FFVs,” Shailesh Chandra, Managing Director and Chief Executive Officer, Tata Motors Passenger Vehicles, told businessline. Read more here
- May 29, 2026 07:03
Commodities
Crude oil falls slightly on reports of potential US-Iran ceasefire deal
Oil futures fell slightly on hopes for a potential deal to extend a U.S.-Iran ceasefire, although remarks from Vice President JD Vance that the nations were “close” to reaching a deal but “not there yet” kept a floor under prices.
Brent crude futures for July, which expire on Friday’s settlement, was down 35 cents, or 0.37%, at $93.36 a barrel at 0105 GMT. U.S. oil futures fell 63 cents, or 0.71%, to $88.27 a barrel. Read more here
- May 29, 2026 07:00
Gold silver
Gold edges higher as investors weigh US-Iran ceasefire deal reports, Fed rate outlook
Gold prices inched higher on Friday as investors assessed reports of a U.S.-Iran ceasefire deal amid growing concerns around inflation and U.S. interest rate hikes.
FUNDAMENTALS
* Spot gold was up 0.4% at $4,512.79 per ounce, as of 0113 GMT. The metal was up about 0.1% for the week so far.
* U.S. gold futures rose 0.2% to $4,543.10.
* Bullion fell to a two-month low on Thursday before closing higher on reports of a U.S.-Iran ceasefire extension.
- May 29, 2026 06:56
Forex
Dollar heads for weekly loss on reports of US-Iran ceasefire deal
The dollar extended its weakness against major currencies on Friday and was on track to end the week lower, after reports the U.S. and Iran reached an agreement to extend the ceasefire in the Middle East and lift restrictions on shipping through the Strait of Hormuz.
The deal, still pending Trump’s approval, would extend the truce for another 60 days and allow traffic to flow through the strategic waterway while negotiators tackle difficult issues such as Iran’s nuclear program, four sources told Reuters.
Oil prices fell and demand for the safe-haven dollar waned, although moves were tempered as investors remained cautious about a lasting resolution following mixed signals from both Washington and Tehran earlier in the week.
The euro fetched $1.1653, up 0.03% so far in Asia, while the pound traded flat at $1.3445.
The Australian dollar was steady at $0.7164 and the New Zealand dollar rose 0.2% to $0.5946, near the strongest level in more than two weeks.
The dollar index, which measures the greenback against a basket of currencies, was largely flat at 98.997 after dropping 0.2% on Thursday. It is now on track to snap two weeks of gains and end the week 0.3% lower. - Reuters
- May 29, 2026 06:51
Commodities
Oil Set for Worst Month Since 2020 as US, Iran to Extend Truce
Oil edged lower after the US and Iran tentatively agreed to extend a ceasefire by 60 days, potentially allowing shipments through the Strait of Hormuz to resume.
Brent fell toward $93 a barrel, down by 18% this month, while West Texas Intermediate was near $88. President Donald Trump has yet to agree to the terms of the agreement, according to a person familiar with the matter, after Axios reported that shipping through the strait would be “unrestricted.”
- May 29, 2026 06:50
US and Iran agree to 60-day ceasefire extension, Trump approval pending
US-Iran ceasefire extension awaits Trump approval amid ongoing tensions
US and Iran reportedly agree to extend ceasefire by 60 days, but Trump is yet to approve the deal amid rising pressure from Iran hawks and nuclear concerns.
- May 29, 2026 06:48
What SEBI’s third-party payment proposal means for mutual fund investors
Your mutual fund investments currently have to be paid for from your own bank account. SEBI is now considering a relaxation to this rule. In a consultation paper issued on May 20, the regulator has proposed allowing third-party payments in specific situations, including investments made through salary deductions, commission paid to mutual fund distributors in units, and donations routed through mutual funds. The proposal is aimed at making genuine transactions easier while retaining checks against fraud and money laundering. For investors, the most relevant change may be the ability to invest through payroll, provided the final safeguards protect their interests. Read the full story here
- May 29, 2026 06:44
Stock market
Today's Stock Pick: Berger Pains India
- May 29, 2026 06:43
MNCL Research - ESAB India: Q4FY26 and FY26 results first cut
CMP: Rs 6,950 | TP: Rs 7,860 (UR) | Rating: Buy (UR)
Q4FY26 Consolidated
Revenue: Rs 3,958mn; +7.6% YoY, +4.5% QoQ. 2.4% below our estimates
EBITDA: Rs 628mn; -4.5% YoY, -17.1% QoQ. 22.6% below our estimates mainly due to a 13 bps YoY fall in gross margin and a 29% increase in employee costs.
EBITDA margin: 15.9%; -202 bps YoY, -413 bps QoQ; 415 bps below our estimates. During the quarter, the company issued ESOPs to eligible employees excluding which the fall in EBITDA margin would have been 120 bps YoY and 330 bps QoQ.
PAT: Rs 592mn; -10.1% YoY, +12.5% QoQ. +4.8% vs our estimates due to gain from sale of land in Koolkata partially offset by labour code related charges.
FY26 Consolidated
Revenue: Rs 15,082mn; +9.8% YoY.
EBITDA: Rs 2,698mn; +10.3% YoY.
EBITDA margin: 17.9%; +9 bps YoY.
PAT: Rs 2,610mn; +6.3% YoY.
Our view: Q4FY26 topline growth was weaker than expected with higher employee costs impacting operating margins. Our channel checks indicate, the company has increased its product prices by 10-15% between Q4FY26 and Q1FY27 but volume growth may have been impacted due to lower infrastructure activity, state elections, and reduced manpower. We will revisit our estimates and rating on the stock shortly.
- May 29, 2026 06:43
MNCL Research | Ecos Mobility – Q4FY26 First Cut | Miss across
CMP: - Rs 154; Rating- BUY (under revision)
Revenues: - The company reported a growth of 16.7% YoY to Rs 2,068mn (MNCL est – Rs 2,154mn). We believe the growth is largely on account of growth across ETS and CCR division.
Margins: - Gross margins for the quarter contracted by 176bps YoY (+43bps QoQ) to 26.7%, (MNCL est – 27%). While OPM for the quarter contracted by 325 bps YoY (+35bps QoQ) to 11.7% (MNCL est – 12.2%), largely on account of lower gross profit and higher employee costs (+176bps YoY).
EBITDA: - EBITDA for the quarter declined by 8.7% YoY (+3.4% QoQ) to Rs 242mn (MNCL est – Rs 263mn). This is due to lower gross profit and higher employee costs.
PAT: - PAT for the quarter declined by 12.9% YoY (+12.9% QoQ) to Rs 157mn (MNCL est – Rs 161mn).
View -The company’s performance during the quarter remained below our expectations, which we believe could have been partly impacted by the ongoing West Asia conflict and related disruptions. However, we continue to remain positive on the long-term outlook for Ecos Mobility, supported by the rising number of GCCs being established in India. Increasing corporate hiring, expansion of enterprise travel requirements, and growing preference for organized mobility solutions are expected to support sustained growth for the company over the medium term.
- May 29, 2026 06:42
India Data Centres Avendus | May 2026
## INDUSTRY OUTLOOK
Capacity trajectory:
* 2007: 75 MW →
2020: 597 MW →
2025: 1,650 MW → 2030E: 5,000 MW
* 26% CAGR over next 5 years
* 3 GW active pipeline | ~$25Bn capex needed
The S-curve story:
2G/3G (2007–14) → smartphones + Jio 4G (2016–20) → COVID digital shift → 5G + cloud (2022–24) → AI inflection (2025+)
═══════════════
## 🎯 TRENDS
Dual demand engine:
1️⃣ Foundational: cloud adoption, data localization, 5G, BCP
2️⃣ AI workloads: IndiaAI Mission, enterprise AI, sovereign compute
Structural shifts underway:
* MW → GW scale competition (AI factories)
* Training → Inference dominance (global GPU spend: 34% inference in 2023 → 36% in 2027, growing 5x faster)
* Air-cooled → Liquid- cooled standard
* Colocation → Vertical integration (DC + GPU cloud + software)
* Domestic-only → Global capital + global operators entering
═══════════════
## AI ADOPTION INSIGHTS
* India = 2nd largest ChatGPT user base globally (9% share, behind US at 18%)
* AI market: $13Bn (2025) → $130Bn (2032) at 39% CAGR
* 45% of enterprises already deploying AI; only 6% haven’t started
* 64% want in-house AI on cloud GPUs — the demand bedrock for domestic Neoclouds
* 1,800+ GCCs (500+ AI-focused); 89% of new startups AI-native
Segment-wise AI market (2025, $13Bn):
BFSI $2.5b |
Startups $1.8b |
Media $1.6b |
Mfg $1.4b |
Tech Svcs $1.3b |
Public $1.2b |
Others $3.3b
IndiaAI Mission ($125Bn / 5 yrs):
* 38,000+ GPUs committed | 22,000 (~58%) allocated
* 3,000 datasets, 243 AI models across 20 sectors
* Selected LLM developers: Sarvam, Gnani, Soket, Gan.AI
═══════════════
## 🧱 KEY BUILDING BLOCKS (Value Chain)
Bottom-up stack:
1. Data Centres (Sify, NTT, Equinix) — physical infra
2. GPU Hardware (Nvidia 90–95% share, AMD ~5%, Intel <1%)
3. AI Cloud Service Providers (AWS, CoreWeave, Yotta) — the gateway
4. Compute Software (GPT, Gemini, Sarvam, DeepMind)
5. End-user Apps (Copilot, ChatGPT, Gemini)
GPU roadmap (Nvidia):
Hopper ‘24 →
Blackwell ‘25 →
GB300 ‘26 →
Rubin ‘27 →
Feynman ‘28
Useful life logic:
* Latest gen → Training (12–15 months per LLM)
* N-1/N-2 gen → Inference (perpetual)
* 6-year financial life; longer physical life
═══════════════
## 💰 GPU CLOUD UNIT ECONOMICS
Per Nvidia H200 8-GPU server:
| Metric | Value |
| Capex | ₹27.3 M |
| Revenue | ₹12.5 M/yr |
| EBITDA | ₹9.8 M/yr |
| EBITDA margin | 78.6% |
| Payback | ~2.8 yrs |
| Pricing | ₹195/GPU/hr (blended) |
| Utilization | 88% blended |
| PUE | 1.4 (liquid- cooled) |
Sized cluster (3,000 GPUs / 375 servers):
* Project IRR: 20.3% | Equity IRR: 28.4% (HTM basis)
* Leverage: 60% | Debt cost: 10% | Tenor: 5 yrs | DSCR: 1.5x
* Contract mix: 75% take-or-pay / 20% merchant / 5% spot
Pricing tiers: Take-or-pay ₹300/mo | Merchant ₹225 | Spot ₹300 (with low utilization)
═══════════════
## 🗺️ DC HUB MAP (1,650 MW total)
| Hub |
Capacity |
Vacancy |
U/C |
Pipeline
| Mumbai |
801 MW
2.9%
448 MW
893 MW
| Chennai |
268 MW |
12.4% |
153 |
273 |
| Delhi-NCR |
161 |
10.2% |
47 |
270 |
| Hyderabad |
138 |
9.7% |
106 |
200 |
| Bengaluru |
119 | 6.9% | 19 | 107 |
| Pune | 111 | 2.0% | 30 | 160 |
| Kolkata | 17 | 3.5% | 15 | 84 |
Takeaways:
* Mumbai = 50% of capacity, 47% of incremental supply (cable landing moat: 12 stations)
* Chennai = 15% incremental, 3 new subsea cables landing 2026–27
* Hyderabad = 11% incremental, hyperscaler self-build hub
* Mumbai now ranks 6th globally in under- construction capacity
- May 29, 2026 06:39
MNCL research | Ivalue infosolutions – Q4FY26 First Cut | Stable set
Mcap: Rs 13.2bn | CMP: Rs 240 | TP: Rs 330 - Under revision
~ The co. reported revenue of Rs 2.7bn for the Q4FY26, growth of 20.8%/4.6% QoQ/YoY. Below our ests. of Rs 3.3bn.
~EBITDA came at Rs 545mn registering a growth of 90.0%/15.4% QoQ/ YoY, came in-line with our estimate of Rs 550mn. EBITDA Margins stood at 20.0% above our estimate of 16.7%.
~PAT for Q4FY26 stood at Rs 428mn a growth of 173.0%/19.4% QoQ/YoY; above our estimate of Rs 388mn on account of higher other income.
Our view:
Ivalue reported a strong set of results for Q4FY26. Revenue growth came below our estimates, primarily due to lower number of large deal closures during the quarter. However, margins exceeded expectations, supported by higher ASPs and robust enterprise demand. Cash collections were strong, with CFO at Rs 1.0bn (Rs 0.4bn in FY25), leading to an improvement in net working capital to 30 days (vs. 43 days earlier). The cybersecurity segment continued to perform well, delivering a healthy 27.6% YoY growth. Annuity income remained steady at 42.2%.
- May 29, 2026 06:38
Stock market
NSE, BSE shut for Bakri Id on May 28, Asian peers decline amid crude oil concerns
Domestic stock markets remained closed on Thursday on account of the Bakri Id, with trading activity suspended across equity and derivative segments, while weak cues from Asian peers and rising crude oil prices kept investor sentiment cautious globally. Read more
- May 29, 2026 06:37
Stock market
Day Trading Guide for May 29, 2026: Intraday supports, resistances for Nifty50 stocks
Day Trading Guide for May 29, 2026: Intraday supports, resistances for Nifty50 stocks
Discover essential intraday support and resistance levels for Nifty50 stocks and expert trading recommendations in this guide.
- May 29, 2026 06:34
Stock market
Stock to buy today: Berger Paints India (₹527) – BUY
Stock to buy today: Berger Paints India (₹527) – BUY
Traders can buy Berger Paints India shares now at ₹527. Accumulate on dips at ₹515. Keep the stop-loss at ₹497 initially
Published on May 29, 2026
