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Vodafone Idea, Yes Bank and HFCL dominated trading volumes in early May 2026 as liquidity stayed high and stock-specific triggers drove short-term positioning.
Swiggy shares fell on heavy volumes as investors weighed tougher competition, Instamart profitability concerns, leadership changes, and near-term risks from commercial LPG supply disruptions hitting restaurants.
Medi Assist reported FY26 total income of ₹923.2 crore and operating revenue of ₹904.8 crore, turned debt-free with ₹260.5 crore free cash, and recommended a ₹2 final dividend.
Nuvama cut Lupin to Hold despite strong Q4 FY26 profit growth, citing limited upside after the rally and rising product concentration risk in key US launches.
Indian stocks opened lower as PM Modi urged fuel conservation and a one-year pause on wedding gold buying, with crude, West Asia tensions, and flows adding pressure.
Swiggy shares slid up to 7% after Q4FY26 results, as a weaker-than-expected Instamart performance and intense quick-commerce competition offset improving losses and revenue growth.
Goldman Sachs says Indian equities look less attractive versus North Asia as valuations stay high, earnings visibility weakens, and AI and oil risks shape foreign investor flows.
EV makers Ola Electric, Ather Energy, JBM Auto and Olectra Greentech rose as PM Modi urged fuel restraint and higher EV use amid the West Asia crisis.
Blue Dart shares fell 6.95% after Q4 FY26 PAT slipped 11.42% to ₹48.85 crore, even as revenue rose 8.19% to ₹1,533.47 crore and a ₹25 dividend was announced.
Nifty Bank slid 1.8% to 54,904 and touched 54,356 after crude crossed $102, as RBI forex curbs and bond-yield fears triggered broad selling.
Jewellery stocks including Titan, Senco Gold and Kalyan Jewellers fell sharply after PM Modi urged Indians to postpone non-essential gold buying for a year to conserve foreign exchange.
Biocon said Health Canada approved Biocon Pharma’s micafungin injection in 50 mg and 100 mg strengths for multiple Candida infections, including prophylaxis in stem cell transplant patients.
Shipping Corporation of India posted Q4 FY26 PAT of ₹404.60 crore on ₹1,513.21 crore net sales, while consolidated FY26 profit rose 60% year-on-year.
Rain Industries shares jumped after Q1 FY26 results showed a swing to profit, higher revenue, stronger adjusted EBITDA, and an interim dividend, despite lingering supply-risk concerns.
ABB India shares fell sharply after results and cautious broker notes highlighted margin pressure, weaker profit growth, and valuations that look stretched versus historical averages.
India’s forex reserves fell $7.794 billion to $690.693 billion in the week ended May 1, with RBI data showing a decline in foreign currency assets and gold reserves.