Top gainers and losers: May 11, 2026 market wrap

Benchmarks open weak as crude weighs on sentiment

Indian equities started the week on a negative note, with selling pressure visible early in the session. The market mood was cautious as rising oil prices were cited as a key drag on investor sentiment. Early commentary also pointed to heightened geopolitical concerns and weakening hopes of a ceasefire, alongside higher crude.

Early slide: Sensex and Nifty extend losses in the first hour

The BSE Sensex and NSE Nifty50 were both down over 1% soon after the open. Around 9:20 am, the Sensex was lower by 880.52 points (1.14%) at 76,447.67, while the Nifty50 was down 261.10 points (1.08%) at 23,915.05. By about 9:25 am, the Sensex was around 76,405.49, down 922.70 points (1.19%), and the Nifty50 was at 23,906.75, shedding 267.90 points (1.11%).

Losses deepened further around 9:45 am, with the Sensex at 76,254.24, down 1,073.95 points (1.39%), and the Nifty50 at 23,873.90, down 302.40 points (1.25%).

Closing snapshot: broader pressure reflected in end-of-day levels

By mid-afternoon, the indices were still in the red. At 3:45 pm (IST), the Nifty50 was at 23,815.85, down 360.30 points (1.49%). The Sensex was at 76,015.28 at 3:37 pm (IST), down 1,312.91 points (1.70%). The GIFT Nifty was also lower at 23,843.00 at 3:39 pm (IST), down 416.50 points (1.72%).

Pre-open cue: GIFT Nifty signalled a weak start

Before the cash market opened, GIFT Nifty levels pointed to a negative start for the day. As of 7:15 am, GIFT Nifty was down 191 points (0.80%) at 24,049, setting expectations for a soft opening in domestic indices.

Top gainers: select defensives and IT names advance

Despite the broader decline, a few large-cap names posted gains in the session’s top gainers list. Tata Consumer Products led this pack, while healthcare and IT names also featured among the day’s best performers.

Top losers: Titan, Indigo and SBI among notable drags

Weakness was sharper in a set of large, actively traded stocks that featured among the session’s biggest decliners. Titan led the declines in this list, while InterGlobe Aviation (IndiGo) and State Bank of India also saw meaningful cuts amid broader risk-off sentiment.

Market timeline: key index prints during the session

The day’s trend was consistently negative across major checkpoints, with losses widening from the open and remaining deep into the afternoon.

Other movers highlighted: ONGC up, Siemens Energy India and TMPV down

A separate market movers list highlighted ONGC as a top gainer, up 2.46% to ₹276.85, after opening at ₹270.5 and hitting a high of ₹277.2. On the losers’ side, Siemens Energy India fell 3.99% to ₹2,660.80 after opening at ₹2,749.10 and touching a low of ₹2,660, with volumes of 82,527 shares.

Tata Motors Passenger Vehicles declined 4.12% to ₹304.85, with the move linked to a temporary production stop on car lines at Jaguar Land Rover’s Solihull plant due to a supplier parts issue. Shriram Finance was also cited as a sharp decliner in that list, down 4.45% to ₹913.5 after touching an intraday low of ₹911.4.

Corporate results in focus: SBI, Swiggy, Bank of Baroda

Among individual company updates, State Bank of India reported a 5.6% year-on-year fall in net profit to ₹19,684 crore. Net interest income rose 4% year-on-year to ₹44,380 crore, while net interest margins contracted by 21 bps to 2.93% for the March 2025 quarter.

Swiggy reported a narrower net loss of ₹800 crore for the March 2026 quarter, compared with a loss of ₹1,081 crore in the year-ago period. The company reported revenue of ₹6,383 crore in Q4, up nearly 45% year-on-year. It also reported gross order value (GOV) of ₹9,005 crore, up 22.6% year-on-year, with quick commerce GOV at ₹7,881 crore (68.8% of GOV). A separate note flagged that Swiggy’s loss was 1.2% above forecaster estimates, citing higher inventory, advertising, and delivery costs.

Bank of Baroda reported an 11% year-on-year rise in profit to ₹5,616 crore in Q4. Total income was ₹36,609 crore, interest income was ₹32,642 crore, and NII was ₹12,494 crore (compared with ₹11,020 crore in the same period a year ago). Asset quality improved, with GNPA at 1.89% of gross advances and NNPA at 0.45%.

Market cap context from last week: top-10 valuations were mixed

A separate weekly snapshot noted that the combined market capitalisation of four of the top-10 most valued companies declined by nearly ₹100,000 crore last week, with State Bank of India taking the steepest hit. Even with that pressure, headline indices ended higher over the week, with the Sensex up 414.69 points (0.53%) and the Nifty up 178.6 points (0.74%).

In the same update, select heavyweights including Reliance Industries, HDFC Bank, ICICI Bank, and Bajaj Finance were reported to have added over ₹46,000 crore in value.

Stocks in the spotlight on May 11

The watchlist for Monday included SBI, Hyundai, ABB India, Swiggy, Bank of Baroda, Urban Co, JSW Infra, Tata Consumer, and Niva Bupa. The calendar also highlighted multiple Q4 results including Abbott India, Anant Raj, Canara Bank, Indian Hotels Company, JSW Energy, Nuvama Wealth Management, PVR Inox, and UPL.

Conclusion

May 11 trading was defined by a broad selloff in benchmark indices, with crude-linked risk sentiment and geopolitical concerns cited among the key overhangs. Market attention is also staying on earnings and corporate updates, with large movers and scheduled results continuing to shape stock-specific action.