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Sensex and Nifty stayed under pressure on May 12 as IT stocks weakened, broader markets slipped, and investors tracked crude oil, rupee moves, and West Asia tensions.
A West Asia-led crude oil spike is widening petrol, diesel and LPG under-recoveries, putting IOCL, BPCL and HPCL at risk of steep Q1 FY27 losses.
Bharti Airtel reported Q4 FY25 net profit of ₹11,022 crore with ARPU at ₹245, announced a ₹16 per share final dividend, and posted revenue of ₹47,876 crore.
Raymond Lifestyle rose 4.68% to Rs 798, but stayed sharply lower over six months as broker targets were cut and experts flagged a key breakout zone.
Paradeep Phosphates reported sharp FY26 profit growth on higher volumes and efficiency gains, announced a ₹1.50 dividend, and outlined capacity additions and FY27 commissioning plans.
Nifty IT fell to a three-year low after OpenAI and Anthropic moved into enterprise AI services, reviving disruption fears and adding pressure to weak FY outlooks.
Sonata Software’s May 2026 Q4 FY26 results are expected at ₹1,600-1,720 crore revenue and ₹95-112 crore PAT, with FY27 guidance seen as the key catalyst.
ACME Solar shares rose up to 7% after HSBC initiated coverage with a Buy and a Rs 350 target, citing capacity additions, PPAs, and improving cash-flow visibility.
Cipla is set to report Q4FY26 results on May 13, 2026, with brokerages pencilling in lower revenue, a sharp PAT drop and weaker margins due to gRevlimid and Lanreotide.
ABB India came under pressure after Q1 CY2026 results showed strong orders but weaker operating profitability, while brokerages reiterated Sell calls on margin stress and valuation.
West Asia conflict-led cancellations and softer room rates are clouding near-term earnings for Indian hotel majors, even as brokerages stay constructive on FY27-FY28 demand.
Social media blamed PM Modi’s austerity appeal for a sharp two-day sell-off, as West Asia tensions and rising crude amplified worries in travel and jewellery shares.
Markets slid as PM Modi urged voluntary austerity amid the West Asia crisis, reviving fears of higher fuel costs, pressure on the rupee, and steps to curb the twin deficits.
India’s gold import bill hit a record $71.98 billion in FY26 as prices surged and post-duty-cut inflows widened the trade deficit, prompting an austerity appeal.
Indian equities opened sharply lower as Brent rose above $105 a barrel and US-Iran tensions intensified, with foreign outflows and banking-led selling keeping sentiment weak.
After a 164% one-year rally in MCX, analysts have trimmed or recalibrated calls as valuations look stretched, even as Q4 FY26 results stayed strong.