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Sensex and Nifty extended sharp losses as crude surged above $100 to $120, the rupee hit record lows, FIIs sold heavily, and bond yields climbed amid geopolitical stress.
Bharti Airtel’s Q4FY26 preview points to steady earnings, with brokerages flagging subscriber additions, 4G/5G upgrades and broadband growth, while ARPU stays resilient despite fewer days.
Indian benchmarks opened sharply lower as crude prices rose, the rupee hit 95.58 per dollar, and foreign outflows and US-Iran risks pressured IT and banks.
ONGC and Oil India shares rose up to 7% after the Centre cut upstream royalties, with CLSA lifting value estimates and keeping ONGC target at ₹405.
Brokerage estimates tracked by Business Standard point to weaker Q4FY26 earnings for Dr Reddy’s, led by lower US sales as generic Revlimid fades.
Indian equities fell sharply as Brent crude jumped to $105.7 after the US rejected Iran’s response to a peace proposal, worsening risk sentiment and deficit worries.
NSE has asked bankers to speed up its DRHP filing, targeting June 15, after Sebi’s NOC and a board-approved offer-for-sale IPO route cleared key steps.
ONGC and Oil India rose sharply after the Centre rationalised crude and gas royalty rates under the ORD framework, with Brent above $100 per barrel supporting upstream sentiment.
Indian IT stocks slid as the Nifty IT index fell 2.86% to 28,490.60 amid AI disruption concerns, crude-led risk-off sentiment, and rupee weakness to 95.58 per dollar.
JSW Energy fell up to 6.8% after Q4 profit slipped despite sharp revenue and EBITDA growth, as brokerages flagged leverage, valuations, and rising finance costs in FY26.
RFBL Flexi Pack’s SME IPO opens May 12 with a flat grey market premium, while social chatter debates pricing, lot size, and use of proceeds.
IOC, BPCL and HPCL face record under-recoveries of roughly ₹1,000–₹1,700 crore a day as crude rises and pump prices stay frozen, threatening full-year profitability.
Jewellery associations plan to meet PMO officials on May 12 after PM Modi urged Indians to avoid buying gold for a year, triggering stock declines and industry concerns.
Mahanagar Gas shares fell after Q4 FY26 profit dropped 46% YoY despite revenue growth, while the board recommended a ₹18 final dividend taking FY26 payout to ₹30.
Five companies posted Q4 FY26 earnings updates, with JSW Energy and Satin Creditcare reporting sharp profit growth, while Heritage Foods saw a profit decline despite higher revenue.
PB Fintech shares stayed in focus after Q3FY26 commentary split brokerages on valuation and regulatory risks, alongside plans for a QIP fund-raise and possible overseas acquisitions.