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Bull and Bear Stock Market Prices Concept. 3d Render | Photo Credit: asbe
ensex Today, Nifty 50 | Stock Market Highlights: Stock markets tumbled on Monday as rising crude oil prices and escalating geopolitical tensions weighed heavily on investor sentiment after the US and Iran failed to reach a peace agreement to end the West Asia conflict.
US President Donald Trump dismissed Iran’s response to the latest US peace proposal as “totally unacceptable”, sharply reducing hopes of an immediate diplomatic breakthrough, according to market experts.
The BSE Sensex tanked 1,312.91 points, or 1.70 per cent, to close at 76,015.28 after touching an intraday low of 75,957.40. The NSE Nifty 50 dropped 360.30 points, or 1.49 per cent, to settle at 23,815.85.
Market breadth remained weak. Of the 4,538 stocks traded, 1,459 advanced, while 2,894 declined and 185 remained unchanged. As many as 198 stocks touched their 52-week highs, while 27 hit fresh 52-week lows. Meanwhile, 244 stocks locked in the upper circuit and 203 hit the lower circuit.
Meanwhile, the Indian rupee slumped nearly 0.9% to a record low of 95.31 against the dollar on Monday as soaring crude oil prices and renewed US-Iran tensions triggered heavy pressure on emerging market currencies.
Today’s trading highlights
* Sensex crashes over 1,300 points; Nifty slips below 24,000: Indian benchmark indices witnessed heavy selling as geopolitical tensions and rising crude oil prices rattled investor sentiment.
* West Asia tensions trigger broad-based market selloff: Fresh concerns after Donald Trump reportedly rejected Iran’s peace proposal intensified fears over prolonged instability in the Gulf region.
* Consumer Durables, PSU Banks and Media stocks lead losses: Nifty Consumer Durables plunged over 3%, while PSU Bank, Media and Auto indices also witnessed sharp declines amid weak market breadth.
* Rising crude oil and weak rupee raise macroeconomic concerns: Experts warned that elevated oil prices, pressure on the rupee and widening current account deficit risks could weigh on India’s economic outlook.
* Defensive sectors FMCG and Pharma offer support: Amid widespread market weakness, FMCG and Pharma stocks emerged as safe-haven plays and managed to close the session in positive territory.
- May 11, 2026 16:25
The live blog is now closed.
- May 11, 2026 16:21
Share market live: Ather, JBM Auto, Ola Electric shares surge after PM Modi urges shift away from fuel consumption
Ather, JBM Auto, Ola Electric shares surge after PM Modi urges shift away from fuel consumption
Shares of Ather, JBM Auto, and Ola Electric surge as PM Modi advocates for a shift towards electric vehicles and fuel conservation.
- May 11, 2026 16:14
Regulatory moves: SEBI proposes ‘GARUDA’ green-channel for faster AIF scheme launches
SEBI proposes ‘GARUDA’ green-channel for faster AIF scheme launches
Under the proposal, regular AIF schemes would be allowed to launch within 10 working days of filing the PPM with SEBI through a merchant banker, unless the regulator raises objections.
- May 11, 2026 16:08
Currency market live: Rupee logs sharpest fall in a month as crude oil runs hot over US-Iran stalemate
Rupee logs sharpest fall in a month as crude oil runs hot over US-Iran stalemate
The rupee fell nearly 0.9% to 95.31 per dollar in its steepest single-day drop since March 27, tracking losses in regional peers.
- May 11, 2026 16:04
Quarterly results
Q4 results: Heritage Foods Q4 profit rises to Rs 23 crore; board recommends Rs 2.50 dividend
Heritage Foods’ standalone net profit for the quarter ended March 2026 at Rs 23 crore compared to Rs 20.5 crore in the same quarter last year. In December 2025 quarter, it recorded a profit of Rs 30.5 crore.
Board recommended final dividend of Rs 2.50 per share.
- May 11, 2026 16:04
Industry update
Stock Market Live: AI-native enterprises set to redefine market leadership, says MiFiX.ai CEO
Sajeev Viswanathan – Founder & CEO, MiFiX.ai (New Street Tech)
“AI is no longer a technology upgrade — it is the operating system of the next economy. Over the next few quarters, the gap between AI-native enterprises and ‘the others’ will become impossible to bridge. Companies that embed AI into their core workflows today will redefine customer experience, productivity, profitability, innovation and market leadership. Those that delay will risk becoming invisible in an AI-first world.
On this National Technology Day what one should really be asking is - How can we leverage AI to transform our business before the market transforms without us?”
- May 11, 2026 16:03
Industry update
Stock Market Live today: AI-powered diagnostics to drive preventive-first healthcare in India, says Redcliffe Labs CEO
Aditya Kandoi, Founder & CEO, Redcliffe Labs
“Technology Day today is not just about celebrating innovation anymore. It’s about recognizing how intelligently technology is helping healthcare move from delayed treatment to early prediction.
In diagnostics, AI and digital health systems are now enabling real-time monitoring that is reshaping how India manages health. At the same time, advanced digital systems are also bringing far greater transparency into how diagnostics operate behind the scenes.
Today, from sample collection to lab processing and final report generation, every stage can be digitally tracked and monitored in real time — both by labs and by patients themselves. This not only improves visibility and turnaround time, but also strengthens accuracy, accountability, and overall trust in the diagnostic experience.
One breakthrough we’re strongly betting on this year is AI-powered preventive health intelligence — where tools like smartphone-based face scans and predictive health analyzers can help flag early health risks, guide people toward the right diagnostic direction, and enable timely action much before conditions become serious.
The next-decade of healthcare will belong to preventive-first ecosystems and not treatment-first approach”
- May 11, 2026 16:01
Banking
Stock market live: BoB aims 10% corporate growth in FY27, ₹50,000 cr loans in pipeline
BoB aims 10% corporate growth in FY27, ₹50,000 cr loans in pipeline
Bank of Baroda targets 10% corporate growth in FY27 with a ₹50,000 crore loan pipeline and plans for diversified funding.
- May 11, 2026 15:47
Companies
Stock Market today: BPCL appoints S. Rengarajan as Head (CRPO), A.K. Gupta transferred as Chief GM (E&C), MR
BPCL informed that S. Rengarajan has taken over as Head (CRPO) post transfer of A. K. Gupta as Chief General Manager (E&C), MR, w.e.f 8th May 2026.
- May 11, 2026 15:42
CLOSING BELL: Sensex tanked 1312.91 p ts or 1.70% to end at 76,015.28, hitting a low of 75,957.40. Nifty 50 fell 360.30 pts or 1.49% to 23,815.85.
- May 11, 2026 15:42
Companies
Stock Market Live Updates: Afcons Infrastructure selected as top bidder for European railway project
Afcons Infrastructure has received intimation of the client’s decision of being selected as the most suitable bidder, with a proposal to accept its bid for rehabilitation and construction of a Railway Line in Europe.
- May 11, 2026 15:36
Quarterly results
Q4 numbers: Arfin India reported standalone net profit for the quarter ended March 2026 at Rs 5.70 crore compared to Rs 53.75 lakh in the same quarter last year.
- May 11, 2026 15:36
Economy
Share market live: US team expected to visit India for next round of trade talks: Official
US team expected to visit India for next round of trade talks: Official
US team expected to visit India for trade talks following April meetings, as both sides aim to maintain negotiation momentum.
- May 11, 2026 15:35
Industry update
Stock Market Live updates: Oil marketing companies face unsustainable losses as crude prices stay elevated, says ICRA
Prashant Vashisht, Senior Vice President & Co-Group Head, Corporate Ratings, ICRA Limited
“The oil marketing companies are incurring substantial losses on the sale of auto fuels and domestic LPG owing to high international crude oil and product prices. ICRA estimates that at crude prices of USD 120–125 per barrel, and considering the past 10-year average crack spreads for auto fuels, oil marketing companies incur losses of around Rs 1,000 crore per day on the sale of auto fuels and domestic LPG. This level of losses is unsustainable and would need to be addressed if elevated crude oil and product prices persist over an extended period.”
- May 11, 2026 15:34
Quarterly results
Q4 numbers: Magadh Sugar Q4 profit falls to Rs 64 crore; board recommends Rs 12.50 dividend
Magadh Sugar & Energy posted net profit for the quarter ended March 2026 at Rs 63.71 crore compared to Rs 96.19 crore in the same quarter last year.
Board recommended final dividend of Rs 12.50 per share.
- May 11, 2026 15:33
Stock market
Stock Market Live today: Abakkus Mutual Fund crosses ₹5,000 crore AUM and 1 lakh investors milestone
Abakkus Mutual Fund today announced that it has crossed a significant milestone of over ₹5,000 crore in assets under management (AUM). The fund house has also stated that the total unique investors count has surpassed the 1 lakh mark , reflecting the growing confidence from investors and distribution partners.
Abakkus Mutual Fund launched its first scheme in December 2025. It’s maiden equity offering in flexi cap fund category garnered strong response ₹2,468 crore during its New Fund Offer (NFO).
Speaking on the milestone, Mr. Vaibhav Chugh, CEO, Abakkus Mutual Fund, said “Crossing the ₹5,000 crore AUM milestone, with more than 1 lakh unique investors in such a short period, is both humbling and encouraging for us. This achievement reflects trust and confidence that investors and distribution partners have placed in us.
- May 11, 2026 15:24
Companies
Stock market live: Ather Energy: Rizta crosses 3 Lakh unit milestone driving accelerated growth for Ather
- May 11, 2026 15:24
Companies
Share market live: Vehere Partners with Redington to Expand AI-Powered Cybersecurity Capabilities in India
Redington, a leading integrated technology distributor, today announced its strategic partnership with Vehere, a leading provider of AI-powered Network Detection and Response (NDR) solutions, as its official distributor in India. This partnership strengthens Redington’s cybersecurity portfolio while reinforcing Vehere’s commitment to empowering organizations across India with advanced threat detection and response capabilities.
Digital transformation has accelerated organizations into hybrid environments spanning on-prem infrastructure, cloud platforms, remote endpoints, and an expanding ecosystem of connected devices—creating security blind spots and necessitating continuous, real-time threat monitoring across every layer of the IT ecosystem. Moreover, the increasing prevalence of advanced and evasive attacks demands a more proactive and resilient approach to cybersecurity.
Vehere’s AI-powered NDR platform aims to strengthen security operations by monitoring lateral movement, ransomware, advanced persistent threats (APTs), insider threats, and zero-day exploits in real time, thereby helping organizations benefit from advanced threat monitoring and detection across the diverse IT environment.
- May 11, 2026 15:23
Gold silver
Commodities Market Live updates: Digital precious metals players form self-regulatory body to boost transparency and consumer trust
Self-Regulatory Organization Formed By Digital Precious Metal Ecosystem To Strengthen Consumer Trust
Members include MMTC-PAMP, SafeGold, Augmont, Gullak, PhonePe and other key players
Aims to strengthen transparency and operational standards in the digital metals market
National, 11 May, 2026: India’s digital precious metal industry comes together to form the Digital Precious Metals Assurance Council of India (DPMACI). This Self-Regulatory Organization (SRO) is designed to institutionalize transparency, operational integrity and consumer protection in India’s digital metal ecosystem.
Led by public policy veteran, Ms. Nirupama Soundararajan, joining as an Independent Chairperson, the DPMACI will enforce rigorous governance and engage government and policy stakeholders to ensure a transparent, accountable and consumer-friendly ecosystem. By doing this, the organization aims to uphold consumer trust while allowing a technology-first, dynamic growth path for the industry.
By aligning major sellers and distributors under a unified code of conduct, the organization’s objective is to proactively address any concerns by establishing industry-wide standards and verification mechanisms that reinforce consumer confidence
- May 11, 2026 15:22
Industry update
Share Market Live today: India’s steel sector balances rapid growth with sustainability and tech innovation, says Headsup B2B founder
Sumit Kumar, Founder & Director, Headsup B2B
“India’s steel industry is entering a transformative phase where growth and sustainability are beginning to move together more closely than ever before. As the world’s second-largest steel producer, India is targeting 300 million tonnes of steel production capacity by 2030-31, and this expansion is expected to play a critical role in supporting infrastructure, manufacturing, renewable energy, railways, and urban development. Alongside this growth, the increasing focus on net-zero and decarbonisation targets reflects how the sector is aligning itself with the future of global manufacturing and supply chains.
At the same time, the transition for the steel sector is naturally complex because India continues to witness strong demand growth across sectors. Steel remains one of the most critical industries powering economic development, and balancing rapid capacity expansion with sustainability goals requires long-term investments, infrastructure readiness, and technology evolution at scale. This is especially important in a capital-intensive sector where production assets are built for decades.
What is encouraging is that the industry is already seeing stronger momentum around cleaner and more efficient manufacturing practices. Indian steel companies are increasingly investing in renewable energy integration, digital monitoring systems, energy-efficient operations, and scrap-based production routes to improve sustainability across the value chain. At the same time, newer technologies such as green hydrogen-based steelmaking are creating long-term opportunities for India to build globally competitive and future-ready manufacturing infrastructure.
- May 11, 2026 15:21
Companies
Stock Market Live today: AI-led tech to drive real-time risk prevention in healthcare, says NthEye CEO
Venkat Ramana, CEO, NthEye and Value Pitch.
“In critical sectors like healthcare, even a few seconds can make a significant difference, which is why technology must increasingly focus on prevention rather than post-incident response. At NthEye, we see AI-led intelligence playing a much larger role in helping hospitals identify risks, infrastructure blind spots, and anomalies in real time. The next phase of India’s technology growth will not just be about building smarter systems, but building systems that are more aware, responsive, and safe. National Technology Day is a timely reminder that innovation has to move beyond convenience and start addressing the real operational challenges institutions face every day.”
- May 11, 2026 15:18
Stock market
Sensex Today: At around 3.20 pm, Sensex crashed 1320.38 pts or 1.71% to 76,007.81, and Nifty 50 dragged 361.80 pts or 1.50% to 23,814.35.
- May 11, 2026 15:15
Banking
Results update: Canara Bank Q4FY26 earnings soften, posts 10% dip to ₹4,506 cr
Canara Bank Q4FY26 earnings soften, posts 10% dip to ₹4,506 cr
Canara Bank's Q4FY26 net profit dips 9.95% to ₹4,506 crore, despite strong growth in domestic deposits and retail credit.
- May 11, 2026 15:14
Economy
Economy watch: RBI may hike rates twice in FY27 amid inflation and El Nino risks: HSBC
RBI may raise rates twice in FY27 amid inflation and El Nino risks: HSBC
HSBC expects the RBI to hike rates twice in FY27 as rising energy prices and El Nino risks push inflation higher and slow India’s growth.
- May 11, 2026 15:07
Industry update
Nagarro and Addverb Technologies partner to deploy end-to-end robotic automation for warehouse and industrial operations
Nagarro and Addverb Technologies have signed a strategic MoU to deliver integrated robotic automation and digital twin solutions for global warehouse and industrial operations. By combining Nagarro’s software engineering prowess with Addverb’s robotics hardware, the partners aim to co-create IP and establish advanced innovation centers. This collaboration focuses on building unified, AI-driven ecosystems that bridge the gap between digital systems and physical supply chain operations. Through coordinated go-to-market strategies, the duo will offer scalable, end-to-end automation designed to enhance execution speed and operational predictability.
- May 11, 2026 15:06
Industry update
Sindhuja Microcredit provides financial services to self-employed women entrepreneurs, has raised $5 million in a Pre Series D funding round
Sindhuja Microcredit, a new generation digital and rural-focused microfinance institution (MFI) providing financial services to self-employed women entrepreneurs, has raised $5 million (INR 47 crores) in a Pre Series D funding round. Existing investors Abler Nordic, GAWA Capital (through its vehicle Huruma Fund) and Oikocredit have participated in this round. The fund raised will be used to strengthen the company’s capital base, support business expansion, and further expand access to responsible credit for underserved communities.
- May 11, 2026 15:05
Industry update
Ruchit Thakur, Market Analyst, VT Markets: Gold’s next big move hinges more on the Fed than global conflicts
There are currently conflicting demands for gold as a safe haven because of central bank purchases, rising oil prices, fiscal instability, and geopolitical concerns. A strong US dollar, high real rates, and declining prospects of a short-term Fed decrease are examples of macroeconomic problems. This tug-of-war explains why gold has stayed remarkably range-bound despite a very tense global background.
Now let’s look at why gold hasn’t increased in value despite geopolitical threats. This cycle is unique because markets are starting to fear that supply shocks and energy disruptions could force inflation to stay high for longer. Gold typically increases substantially in response to wars, oil shocks, and geopolitical turmoil. As a result, the Fed equation is changed.
- May 11, 2026 15:02
Industry update
Puneet Pal, Head-Fixed Income, PGIM India Mutual Fund: We expect yields to keep trending higher gradually
Given the lingering geopolitical issues in Middle East, constraining the central government’s fiscal position and with the state’s fiscal deficit expected to remain elevated, the supply demand dynamics remain unfavourable and we expect yields to keep trending higher gradually.
Money Market yields of up to 1yr are looking attractive relatively from a risk-reward perspective. Investors with short term investing horizon can look to allocate in this segment. We expect a pause on policy rates till August 2026 and expect the 10yr benchmark bond yield to trade in a range of 6.80% to 7.25% over the course of the next 2-3 months.
- May 11, 2026 15:00
Banking
IndusInd Bank Joins Masters Union HYROX Mumbai, Fuelling the City's Fitness Movement
- May 11, 2026 14:59
Industry update
Intellect Design Arena is helping to transform the digital banking experience for Mainstreet Credit Union
- May 11, 2026 14:59
Quarterly results
JTL Industries standalone net profit in quarter ended March 2026 at Rs 26.09 crore; shares flat on NSE
JTL Industries reported a standalone net profit for the quarter ended March 2026 at Rs 26.09 crore compared to Rs 16.77 crore in the same quarter last year.
The board has recommended dividend of Rs 0.125 per share.
Shares flat at Rs 81.41 on the NSE.
- May 11, 2026 14:57
Quarterly results
Ponni Sugars (Erode) net profit in quarter ended March 2026 jumps to Rs 26.68 crore; shares spurt on NSE
Ponni Sugars (Erode) reported net profit for the quarter ended March 2026 at Rs 26.68 crore, compared to Rs 4.53 crore in the same quarter last year. The board has recommended a dividend of Rs 5 per share.
Shares rose 2% to Rs 326.10 on the NSE.
- May 11, 2026 14:36
Companies
Mayur Uniquoters stock declines over 2%
Mayur Uniquoters stock declined over 2% to Rs 614.05. Operations at its Dhodhsar plant was hit by a worker strike. Production in one coating line has been halted since May 9. Output loss seen at 15,000.0 linear metres daily
- May 11, 2026 14:34
Medplus Health Services traded flat on the NSE at Rs 873.50. Its arm Optival Health Solutions Private Ltd received two suspension orders for a Drug Licence of a store
- May 11, 2026 14:34
Quarterly results
PNGS Reva Diamond Jewellery net profit in March 2026 quarter at Rs 21.4 crore against Rs 23.1 crore in the December 2025 quarter, and Rs 4.75 crore in March 2025 quarter. Shares down over 4% on NSE
- May 11, 2026 14:32
Companies
Jindal Stainless Hisar unit achieves Zero Waste to Landfill certification with Platinum+ rating
- May 11, 2026 14:32
UPL Q4 profit up 20% to ₹1,294 cr
Agrochemical and crop protection company UPL on Monday reported a 20 per cent jump in consolidated net profit to ₹1,294 crore for the fourth quarter of the 2025-26 fiscal year on robust sales.
The Gujarat-based company had posted a net profit of ₹1,079 crore in the year-earlier quarter, according to a regulatory filing.
UPL Q4 profit up 20% to ₹1,294 cr
UPL reports a 20% profit increase to ₹1,294 crore in Q4, driven by robust sales and effective capital management.
- May 11, 2026 14:17
Korea’s KOSPI hits all-time high as ‘ants’ join global rush to buy AI stocks
South Korean stocks sprinted to record highs on Monday as legions of retail “ant” investors swarmed into chipmakers, riding a fresh wave of artificial intelligence-fuelled optimism sparked by a rally in U.S. peers and upbeat data.
Korea’s KOSPI hits all-time high as ‘ants’ join global rush to buy AI stocks
South Korean stocks sprinted to record highs on Monday as legions of retail “ant” investors swarmed into chipmakers, riding a fresh wave of artificial intelligence-fuelled optimism sparked by a rally in U.S. peers and upbeat data.
- May 11, 2026 14:08
Stock up
Cyient Semiconductors launches India’s first GaN Power IC Family Leveraging Navitas Technology; Cyient shares up 2% on the NSE to Rs 924.20
- May 11, 2026 14:08
Quarterly results
PVR INOX standalone net profit for quarter ended March 2026 marginally lower at Rs 120.8 crore; shares down sharply
PVR INOX reported standalone net profit for the quarter ended March 2026 at Rs 120.8 crore compared to Rs 122.8 crore loss in the same quarter last year.
In FY26, the PAT stood at Rs 268.5 crore compared to Rs 276.9 crore loss in the year-ago period.
Shares traded at Rs 1,027.60 on the NSE, down 4%.
- May 11, 2026 14:06
Industry update
Ndr Auto Components board approves Rs 6 crore investment in equity shares of NDR Hayashi Automotive India Pvt Ltd, a joint venture of the company, by way of subscribing to the rights issues
- May 11, 2026 14:05
Industry update
Deepak Kushwaha, Principal Partner, Square Yards
“Technology in financial services today is no longer just about digitising transactions faster, it is about making financial decisions simpler, more transparent, and easier for consumers to navigate. As the ecosystem becomes more digital-first, people are looking for clarity and confidence while choosing financial products, especially in areas like home loans where the process has traditionally been complex and fragmented.
At Urban Money, we see a growing need for platforms that can help users compare options better, understand the real impact of their borrowing decisions, and make informed choices rather than just chasing the lowest rate or fastest approval. The next phase of growth in financial services will be driven by how effectively platforms combine technology with transparency, guidance, and convenience to improve the overall borrowing experience.”
- May 11, 2026 14:03
Industry update
Nagarro and Addverb Technologies partner to deploy end-to-end robotic automation for warehouse and industrial operations
Nagarro and Addverb Technologies sign strategic MoU to deliver integrated robotic automation and digital twin solutions for global warehouse and industrial operations. By combining Nagarro’s software engineering prowess with Addverb’s robotics hardware, the partners aim to co-create IP and establish advanced innovation centres. This collaboration focuses on building unified, AI-driven ecosystems that bridge the gap between digital systems and physical supply chain operations.
- May 11, 2026 14:02
Industry update
Blue Machines AI deploys conversational AI Agents for Aditya Birla Capital across businesses, completing rollout in six weeks
Blue Machines AI, an enterprise-grade Voice AI platform, has deployed AI-powered voice agents across mutual funds, health insurance, and housing finance businesses of Aditya Birla Capital. The solution agents integrate conversational AI directly into the businesses’ operational systems to automate customer outreach, investor engagement, advisor activation, and servicing workflows.
- May 11, 2026 13:52
Stock down
Kewal Kiran Clothing shares slip after hitting intraday high
Shares of Kewal Kiran Clothing Ltd were trading lower on Monday, falling ₹9.35 or 1.91 per cent to ₹480 as of 1 PM, after opening at ₹495 and touching an intraday high of ₹499, before slipping to a low of ₹470. The stock’s total market capitalisation stood at approximately ₹2,958 crore.
Kewal Kiran Clothing shares slip after hitting intraday high
KKCL reports strong Q4 revenue growth, but shares fall 1.91% despite solid financial results and improved cash position.
- May 11, 2026 13:41
CIL’s coal auction volumes dip 6% in April
CIL’s coal auction volumes dip 6% in April
State-owned CIL, the country's largest coal producer, offered 30.5 million tonnes (MT) of coal through online auctions in April, marking a 6 per cent decline from 32.5 MT in March.
- May 11, 2026 13:40
Deccan Cements board to consider raising of dunds through NCDs at its meeting on May 14.
- May 11, 2026 13:33
Shyam Metalics and Energy reports ₹151.16 crore Q4 standalone net profit
Shyam Metalics and Energy reported a standalone net profit of ₹151.16 crore for the quarter ended March 2026, compared to ₹99.53 crore in the same quarter last year. The board recommended a final dividend of ₹2.70 per share. The board also approved undertaking new projects and expansion plans of the company and its subsidiaries in Kharagpur and Sambalpur, with total capital expenditure estimated at ₹2,700 crore.
- May 11, 2026 13:33
Jashank Pohani, Head of Family Office Relationships at Artha Group
India’s venture ecosystem is recovering, but with a more domestically anchored and disciplined playbook. According to the Bain & Company India Venture Capital Report 2026 , the market reached approximately $16 billion in 2025, marking its second consecutive year of growth, with balanced expansion across deal volume and size. Large deals rebounded, $250 million-plus rounds doubled year on year, fintech deal value more than doubled, and SaaS funding grew around 1.5x, driven by AI-led adoption. Fund-raising also strengthened, doubling to roughly $5.4 billion.
What is changing beneath this recovery is the growing influence of domestic LP capital, particularly family offices, which are increasingly shaping how VC funds deploy capital. With more consistent participation from Indian LPs, funds are being pushed toward tighter underwriting, clearer paths to liquidity, and stronger governance standards.
- May 11, 2026 13:32
Sindhuja Microcredit raises $5 million in pre-Series D round
Sindhuja Microcredit, a new generation digital and rural-focused microfinance institution (MFI) providing financial services to self-employed women entrepreneurs, has raised $5 million (₹47 crore) in a pre-Series D funding round. Existing investors Abler Nordic, GAWA Capital (through its vehicle Huruma Fund) and Oikocredit have participated in this round. The funds raised will be used to strengthen the company’s capital base, support business expansion, and further expand access to responsible credit for underserved communities.
- May 11, 2026 13:31
Stock Market Live Updates: UPL reports ₹1,294 crore Q4 consolidated net profit
UPL reported a consolidated net profit of ₹1,294 crore for the quarter ended March 2026, compared to ₹1,079 crore in the same quarter last year. In FY26, the PAT stood at ₹2,220 crore as against ₹820 crore in the year-ago period. The board recommended a final dividend of ₹6 per share.
- May 11, 2026 13:28
Gold silver
Silver futures rise to ₹2.56 lakh per kg
Silver futures rise to ₹2.56 lakh per kg
Silver futures rise 1.21% to ₹2.56 lakh per kg on Multi Commodity Exchange amid geopolitical uncertainties.
- May 11, 2026 13:18
Bondada Engineering bags ₹816 crore NTPC solar order, doubles revenue to ₹2,843 crore in FY26
Bondada Engineering bags ₹816 crore NTPC solar order, doubles revenue to ₹2,843 crore in FY26
Bondada Engineering secures ₹816 crore NTPC solar order, doubling revenue to ₹2,843 crore in FY26, boosting its project capacity.
- May 11, 2026 13:17
Adani calls for India to build, power, and own AI infrastructure on home soil
Adani calls for India to build, power, and own AI infrastructure on home soil
Billionaire Gautam Adani said on Monday that energy security and digital infrastructure would define geopolitical power in the coming decades, as he called on India to build sovereign capabilities across the artificial intelligence value chain.
- May 11, 2026 13:08
Poonawalla Fincorp board approved allotment of NCDs aggregating to Rs 1,000 crore and Rs premium of Rs 18.26 lakh.
- May 11, 2026 13:08
Meesho made an additional investment in MPPL, a subsidiary of the Company, by way of subscribing 30,58,103 fully paid-up equity shares. Shares traded at Rs 194.84 on the NSE at 12.53 pm.
- May 11, 2026 13:07
Online Instruments files IPO papers with SEBI; targets to raise ₹750 crore via fresh issue
Online Instruments files IPO papers with SEBI; targets to raise ₹750 crore via fresh issue
Online Instruments files IPO papers with SEBI to raise ₹750 crore for growth, working capital, and debt repayment.
- May 11, 2026 12:59
Meesho made an additional investment in MPPL, a subsidiary of the Company, by way of subscribing 30,58,103 fully paid-up equity shares. Shares traded at Rs 194.84 on the NSE at 12.53 pm.
- May 11, 2026 12:45
Follow our Q4 Results Live here:
Q4 Results 11th May Live: Canara Bank, JSW Energy, IHCL, Abbott India, UPL, JB Chemicals, Nuvama Wealth, NIACL, Shyam Metalics, Syrma SGS Tech, Anant Raj, JBM Auto to announce Q4 results, TCP & Hyundai gain, SBI, Titan, Swiggy, Urban Company shares drag
Q4 Results Today, May 11, 2026, Live Updates: Find all the latest Q4 results 2026 updates of Abbott India, Ad-Manum Finance, Aerpace Industries, Anant Raj-$, Arfin India, Asarfi Hospital, Atvo Enterprises, Aurionpro Solutions, Bright Outdoor Media, Butterfly Gandhimathi Appliances, Canara Bank, Capfin India, Corona Remedies, D. B. Corp, Expo Engineering And Projects, Fractal Analytics, Garuda Construction and Engineering, Gillanders Arbuthnot & Company, Globtier Infotech, Gravity India-$, Orient Green Power Company, G R Infraprojects, Gujarat Winding Systems, GE Power India, Heritage Foods, Hexa Tradex, Indian Hotels Company, Indian Toners & Developers-$, Jattashankar Industries, JB Chemicals & Pharmaceuticals, JBM Auto, JSW Energy, JTL Industries, Kizi Apparels, Leel Electricals, Magadh Sugar & Energy, Manorama Industries, Mayank Cattle Food, Metroglobal, Mold-Tek Packaging, Msafe Equipments, Nanta Tech, NDR Auto Components, Nexome Capital Markets, The New India Assurance Company, Nuvama Wealth Management, Oasis Securities, Paradeep Phosphates, Patron Exim, PNGS Reva Diamond Jewellery, Ponni Sugars (Erode), PPAP Automotive, Premco Global-$, Privi Speciality Chemicals, PVR Inox, Rossell Techsys, Satin Creditcare Network, Shanmuga Hospital, Shriram Pistons & Rings, Shyam Metalics and Energy, SP Capital Financing, SRG Housing Finance, Sudarshan Colorants India, SVS Ventures, Syrma SGS Technology, UPL, USG Tech Solutions, Vascon Engineers, and Vertex Securities. Swiggy, Urban Company, Hyundai, SBI, MCX, Niva Bupa, BoB, TCP, Titan, Blue Dart and more in focus Stay tuned for more updates from businessline
- May 11, 2026 12:44
D B Corp reports ₹62.24 crore net profit in March quarter
D B Corp reported a standalone net profit of ₹62.24 crore for the quarter ended March 2026, compared to ₹95.4 crore in the December 2025 quarter and ₹52.37 crore in the March 2025 quarter. The board approved the re-appointment of Sudhir Agarwal as managing director of the company for a term of five years with effect from January 1, 2027 to December 31, 2031. Shares traded at ₹238 on the NSE, up 2.82 per cent.
- May 11, 2026 12:42
Stock Market Live Updates: Northern Arc shares hit 52-week high after Q4 profit jump, brokerages positive
Northern Arc shares rally 12% after Q4 profit jump
Northern Arc Capital shares rallied 12 per cent to hit their 52-week high on Monday after the non-banking financial company reported a nearly three-fold jump in net profit for the March quarter, driven by strong growth in interest income and improvement in asset quality.
- May 11, 2026 12:29
Stock Market Live Updates: Urban Company shares slump 11% after Q4 loss widens on InstaHelp investments
Urban Company shares slump 11% after Q4 loss widens on InstaHelp investments
Urban Company shares drop 11% following wider Q4 losses due to investments in InstaHelp, raising concerns among analysts.
- May 11, 2026 12:20
Quote: Renisha Chainani, head of research at Augmont
Gold prices slipped below $4,700 and silver below $80, retracing a portion of last week’s gains after President Trump publicly rejected Iran’s diplomatic response as “TOTALLY UNACCEPTABLE,” keeping inflationary concerns elevated. Tehran had proposed relocating part of its highly enriched uranium stockpile to a third country while refusing to dismantle its nuclear infrastructure — a position Washington found insufficient.
Geopolitical conditions deteriorated further over the weekend, with renewed cross-border attacks threatening to unravel the fragile ceasefire established in early April. US Central Command confirmed that American forces intercepted Iranian strikes and conducted defensive operations, while guided missile destroyers transited the Strait of Hormuz. The US subsequently reported sinking several Iranian vessels in the strait on Monday, as Iran escalated with fresh missile and drone strikes against the UAE. The Strait of Hormuz remains effectively closed, sustaining elevated energy prices and amplifying inflation risk globally.
Persistent inflationary pressure has reinforced expectations that central banks may tighten policy further — a headwind that typically weighs on precious metals. The April NFP report, released May 8, delivered a significant upside surprise: 177,000 jobs added against a consensus of 65,000, though below March’s 185,000, signaling a gradual cooling trajectory. The unemployment rate held at 4.3%. Rate cut expectations have shifted to late 2027 or early 2028, limiting dollar weakness and capping gold’s near-term upside.
On the USDINR front, currency markets were highly volatile, driven by crude oil dynamics. The rupee depreciated to record lows near 95.2 per dollar on May 7 following a 6% crude oil surge after Iran’s military escalation and a strike on a UAE oil facility. The move constrained capital inflows and triggered a surge in importer hedging activity. India’s physical gold demand has weakened sharply. Imports declined from approximately 100 tonnes in January to 65–66 tonnes in February, fell further to 20–22 tonnes in March, and are estimated at just 15 tonnes in April — among the lowest monthly readings in decades outside the Covid period.
Sentiment last week reflected a tug-of-war between safe-haven demand and the hawkish overlay from elevated energy prices. Analytically, the most notable shift in the pre-NFP environment is a structural repricing of gold: the metal has transitioned from a data-reactive asset to one driven by fiscal sustainability, monetary policy credibility, and sovereign reserve allocation. While Fed hawkishness remains a short-term constraint, 2026 has been defined by what analysts are calling “The Great Bullion Pivot” — gold increasingly rivaling US Treasuries as a preferred reserve asset for central banks globally, for the first time in decades.
Gold has been trading within a $4,500–$4,750 range (approximately ₹148K–₹154K). Having tested the upper boundary last week, profit-booking pressure may push prices back toward the lower end this
week. Silver has been ranging between $71–$82 (approximately ₹235K–₹265K), and similarly, having touched the top of its range, a reversion toward support levels is likely in the near term.
- May 11, 2026 12:09
Quote: Naveen Gupta, Founder & CEO, Trev Mobility
Technology today is no longer limited to software or automation alone; it is reshaping how mobility is experienced and managed in real time. From AI-led fleet intelligence to video telematics and predictive monitoring, technology is helping make transportation safer, smarter, and more efficient. In the EV mobility ecosystem, these innovations are becoming critical for improving operational efficiency, driver behaviour, route planning, safety standards, and overall customer experience.
I believe the future of mobility will be driven by the intelligent integration of AI, connected systems, and clean transportation to build more reliable and sustainable urban travel.”
- May 11, 2026 12:05
India’s growth to slow to 6.7% on waning momentum, oil price shock: BMI
India’s growth to slow to 6.7% on waning momentum, oil price shock: BMI
India's economic growth is likely to decelerate to 6.7 per cent in the current fiscal, from 7.7 per cent in 2025-26, with the GDP expansion expected to slow significantly due to waning momentum and oil price shock from Iran war, BMI said on Monday.
- May 11, 2026 11:53
Toyota to build new 100,000-units-a-year car factory in India
Toyota to build new 100,000-units-a-year car factory in India
Toyota plans to build a new SUV factory in India, producing 100,000 vehicles annually and creating 2,800 jobs.
- May 11, 2026 11:52
CMS Info Systems gained 3% to trade at Rs 298 on the NSE on receipt of an integrated ATM managed services outsourcing mandate by HDFC Bank
- May 11, 2026 11:52
NBCC (India) Ltd shares traded 2% lower at Rs 97.35 on the NSE. It had recently secured a significant project management consultancy (PMC) contract in the education sector.
- May 11, 2026 11:52
Bharat Forge shares flat on the NSE at Rs 1,982.80 following the acquisition of a 30% stake in Fortuna Engineering
- May 11, 2026 11:51
Aequs appoints Ravi Kumar Assudani as Head of Engineering Consumer Business
Aequs has informed the exchange regarding the appointment of Ravi Kumar Assudani as Head of Engineering Consumer Business and designated him as Senior Management Personnel of the company with effect from May 11, 2026.
- May 11, 2026 11:51
Magellanic Cloud subsidiary wins ₹3.59 crore order from South-Western Railway
Magellanic Cloud said its wholly-owned subsidiary Provigil Surveillance Ltd has received a Letter of Acceptance from South-Western Railway, Bengaluru Division, for an aggregate value of ₹3.59 crore. Shares traded at ₹27.01 on the NSE.
- May 11, 2026 11:50
Quote: Virat Jagad, Sr. Technical Research Analyst at Bonanza
Near-term pressure on gold could continue, especially if the current macro setup remains unchanged. Currently, gold is facing three major headwinds: Strong US dollar, Rising bond yields / delayed Fed rate cuts and Higher oil-driven inflation fears. Today’s decline is largely linked to expectations that the US Federal Reserve may keep interest rates higher for longer after strong US economic data and persistent inflation concerns. Markets are pushing back expectations for Fed cuts into late 2026, which is negative for non-yielding assets like gold. So, further downside is possible in the coming sessions/weeks, especially if US CPI and bond yields remain firm. However, unless the long-term macro narrative changes completely, deeper declines may eventually attract strategic buying interest again.
From a technical perspective, this looks more like a medium-term consolidation/correction inside a larger secular bullish trend. Gold is currently trading in a corrective-to-sideways structure after rebounding from recent lows near $4,500. The market remains highly sensitive to US bond yields, Fed expectations, and geopolitical developments. Recent technical indicators suggest gold needs to sustain above the $4,730–4,800 zone for stronger bullish continuation. while, below $4500, selling momentum is likely to increase in the upcoming weeks.
- May 11, 2026 11:49
Stock Market Live Updates: JSW Steel declared preferred bidder for Pissurlem Mineral Block in Goa
JSW Steel shares were flat on the NSE at ₹1,273 after the company was declared the preferred bidder by the Office of the Director, Directorate of Mines and Geology, Government of Goa, for the Pissurlem Mineral Block in Goa.
- May 11, 2026 11:48
Shipping Corporation of India hits 52-week high on sharp Q4 profit jump
Shipping Corporation of India shares hit a 52-week high on the NSE at ₹368.75 in early trade, above the previous close of ₹339.05, following a 118.53 per cent increase in consolidated net profit to ₹404.60 crore in the March quarter.
- May 11, 2026 11:48
Midcap movers
Gainers - Vodafone Idea (+7.74%), Biocon (+3.94%), Laurus Labs (+3.42%), Bank of India (+3.08%), MCX (+3.05%)
Losers: Kalyan Jewellers (-7.71%), Lupin (-5.75%), Swiggy (-4.56%), Groww (-3.44%)
- May 11, 2026 11:47
Stock Market Live Updates: Bank of Baroda shares rose 2% in early trade to Rs 269.70, following a 11.2 per cent jump in March quarter profit to Rs 5,616 crore.
- May 11, 2026 11:39
Tata Consumer jumps to two-year high on upbeat revenue forecast
Tata Consumer jumps to two-year high on upbeat revenue forecast
Brokerages remain bullish with double-digit revenue, EBITDA and earnings CAGR expected through FY29
- May 11, 2026 11:32
Banking
Bank of India shares rise 3 per cent on Q4 profit growth
Bank of India shares surged 3 per cent to ₹144.10 on the NSE at 11.30 am, following an 18.67 per cent rise in its consolidated net profit for the March quarter to ₹3,087.76 crore.
- May 11, 2026 11:23
Swiggy drops as quick-commerce slowdown clouds quarterly results
Swiggy drops as quick-commerce slowdown clouds quarterly results
Swiggy's shares drop 6.8% amid quick-commerce slowdown and competition concerns from rivals like Blinkit and Zepto.
- May 11, 2026 11:23
Quote: Anil Sinha, CTO, Fibe
“India’s fintech ecosystem is clearly moving beyond scale as the primary benchmark of success. The shift today is towards intelligence, adaptability, and inclusivity, reflected in how the industry is beginning to experiment with AI-led versions of leadership to replicate decision-making frameworks, alongside AI-driven systems that enable more contextual operations and seamless, real-time customer experiences. At the same time, advancements in how data is processed are transforming core functions like underwriting and verification. The ability to interpret complex, unstructured information with high accuracy, along with the use of alternate data to build dynamic customer profiles, is expanding access to credit. This is especially relevant as need-based financing gains momentum, with consumers seeking timely, purpose-driven credit, enabled by faster, more personalised, and responsive technology.
As these capabilities scale, the focus on responsible and inclusive growth becomes critical. Strong data privacy, transparency, and regulatory alignment will define long-term trust. The next phase of innovation will be shaped by how seamlessly these technologies integrate into everyday financial lives, making solutions not just advanced, but intuitive, reliable, and truly relevant to India’s diverse and evolving user base.”
- May 11, 2026 11:22
True Balance partners with IndusInd General Insurance for affordable accident cover
True Balance has partnered with IndusInd General Insurance to launch an affordable Group Personal Accident (GPA) insurance product aimed at expanding financial protection for underserved users across Tier 2-4 markets in India. Embedded within the True Balance app ecosystem, the digital accident cover is designed to support gig workers and low- to middle-income users against accidental income loss through a simple and accessible onboarding process. The initiative aligns with IRDAI’s “Insurance for All by 2047” vision and strengthens both companies’ focus on digital-first, inclusive financial services.
- May 11, 2026 11:22
Birla Corporation reports higher Q4 profit as stock gains 5 per cent
Birla Corporation stock traded 5 per cent higher on the NSE at ₹1,041.80 after the company reported a consolidated net profit of ₹294.77 crore in the March quarter of FY26, compared with ₹256.6 crore in the year-ago period.
- May 11, 2026 10:53
Stock Market Live Updates: Gopal Snacks Limited has re-commenced its manufacturing facility at Rajkot Main Plant. Shares flat on the NSE at Rs 333.55
- May 11, 2026 10:51
Nifty Bank Prediction today – May 11, 2026: Nifty Bank futures: Testing a support
Nifty Bank Prediction today – May 11, 2026: Nifty Bank futures: Testing a support
Nifty Bank faces critical support at 54,500; a breach could lead to a decline towards 54,000.
- May 11, 2026 10:50
Jewellery stocks Titan, Kalyan Jewellers, Sky Gold, Senco tumble up to 12% after PM Modi’s gold purchase appeal
Jewellery stocks Titan, Kalyan Jewellers, Sky Gold, Senco tumble up to 12% after PM Modi’s gold purchase appeal
Jewellery stocks witnessed sharp selling pressure on Monday after Prime Minister Narendra Modi urged citizens to postpone non-essential gold purchases as part of measures aimed at conserving foreign exchange amid the ongoing crisis, triggering concerns over near-term demand for the sector.
- May 11, 2026 10:50
RBI likely selling dollars to limit rupee's fall, traders say
RBI likely selling dollars to limit rupee's fall, traders say
RBI intervenes in forex market to curb rupee's decline amid rising oil prices and economic concerns, traders report.
- May 11, 2026 10:28
Stock up
Niva Bupa shares rally over 10% after Q4 profit jump
Niva Bupa Health Insurance Company shares rallied more than 10 per cent in early trade on Monday after the company reported a sharp rise in fourth-quarter profit, aided by strong premium growth and improved operating metrics.
Niva Bupa shares rally over 10% after Q4 profit jump
Niva Bupa shares surge over 10% following a 67% year-on-year profit increase to ₹345 crore in Q4.
- May 11, 2026 10:28
Stock down
TVS Motor shares down over 1% to Rs 3,647.20 on the NSE; NCLT Chennai approved the merger of Sundaram Auto Components with the company
- May 11, 2026 10:22
Ipo
Jio Platforms IPO pivots to pure fundraise, no investor exits
Billionaire Mukesh Ambani’s Reliance Jio Platforms has pivoted to a pure fundraise for its planned Mumbai listing, dropping earlier plans that would have allowed some shareholders to exit, two sources said.
Jio Platforms IPO pivots to pure fundraise, no investor exits
Jio Platforms shifts IPO strategy to focus solely on fundraising, eliminating investor exit options amid market uncertainty.
- May 11, 2026 10:21
NSE
Nifty Prediction today – May 11, 2026: Nifty 50 Futures: Can fall more. Go short on a rise
Nifty Prediction today – May 11, 2026: Nifty 50 Futures: Can fall more. Go short on a rise
Nifty 50 outlook: Expect further declines; consider shorting on rallies with critical support at 23,830 and resistance at 24,000.
- May 11, 2026 10:11
Stock down
Titan shares tumble 8% after PM Modi’s gold purchase remarks overshadow Q4 earnings beat
Titan Company shares fell 8 per cent in early trade on Monday after Prime Minister Narendra Modi urged citizens to avoid non-essential gold purchases for one year to help reduce pressure from forex outflows amid West Asia war, dampening sentiment around jewellery stocks despite Titan reporting a strong rise in fourth-quarter earnings.
Titan shares tumble 8% after PM Modi’s gold purchase remarks overshadow Q4 earnings beat
Titan Company shares fell 8 per cent in early trade on Monday after Prime Minister Narendra Modi urged citizens to avoid non-essential gold purchases for one year to help reduce pressure from forex outflows amid West Asia war, dampening sentiment around jewellery stocks despite Titan reporting a strong rise in fourth-quarter earnings.
- May 11, 2026 10:08
Stock down
Urban Company shares fell by 10%; posts net loss of Rs 161 crore
Urban Company shares fell 10% to Rs 126.02 at 10.04 am, hitting a low of Rs 124.40 from the previous close of Rs 139.67.
It posted widening of consolidated loss to Rs 161 crore for March quarter FY26 mainly on account of investment in new service InstaHelp.
The company had posted a loss of Rs 2.84 crore in the same period a year ago, as per a regulatory filing.
- May 11, 2026 10:06
Stock down
SBI shares fall over 3% after Q4 miss on margin pressure, treasury losses
State Bank of India shares declined more than 3 per cent on Monday after the lender reported a weaker-than-expected March quarter performance, with pressure on net interest margins, softer treasury income and moderation in net interest income growth weighing on investor sentiment despite steady asset quality and robust loan growth.
SBI shares fall 3% after Q4 miss; Time to sell?
SBI shares drop over 3% after Q4 earnings miss due to margin pressure and treasury losses, impacting investor sentiment.
- May 11, 2026 10:03
Stock down
At 10 am, Sensex plunged 1056.53 pts or 1.37% to 76,271.66, and Nifty 50 dragged 293.90 pts or 1.22% to 23,882.25.
- May 11, 2026 09:59
Rupee crashes 139 paise to 94.90 against US dollar in early trade
Rupee crashes 139 paise to 94.90 against US dollar in early trade
At the interbank foreign exchange, the rupee opened at 94.97 against the US dollar before inching up to 94.90, down a staggering 139 paise from its previous close.
- May 11, 2026 09:56
Quote: Avinash Shekhar, Co-Founder & CEO, Pi42
“The crypto market is currently moving at the intersection of geopolitics, macroeconomic data, and liquidity expectations. Bitcoin, which is currently trading near the $82,000 mark, and Ethereum continue to witness heightened volatility as investors closely monitor developments around the US-Iran conflict, upcoming US CPI data, and signals from the Federal Reserve on interest rates. While easing geopolitical tensions have supported short-term upside in Bitcoin at multiple points over the past few weeks, uncertainty around inflation and delayed rate cut expectations is keeping the broader market sentiment extremely headline-driven. Ethereum is also seeing strong attention as traders assess whether the asset can sustain momentum beyond the $2,400 mark amid improving institutional participation and ETF-led interest.
In such an environment, investors should avoid reacting emotionally to every geopolitical headline or short-term price swing. The focus should remain on disciplined accumulation, portfolio diversification, and maintaining adequate liquidity rather than aggressively chasing rallies. Bitcoin continues to show resilience as a long-term institutional asset, but near-term movements are likely to remain sensitive to inflation data, Fed commentary, and global macro developments. For retail participants especially, this is a phase where patience, staggered exposure, and a long-term outlook will matter far more than speculative trading decisions driven by market noise.”
- May 11, 2026 09:56
Crude oil futures surge over 4% as Trump rejects Iran’s response
Crude oil futures surge over 4% as Trump rejects Iran’s response
Some reports said that Iran’s response to Trump’s proposal included the lifting of sanctions, an end to the US naval blockade in the Strait of Hormuz, and recognition to continue some nuclear activity in Iran.
- May 11, 2026 09:50
Geopolitical storm batters Dalal Street; Sensex tanks 921 points on Iran war fears, crude surge
Geopolitical storm batters Dalal Street; Sensex tanks 921 points on Iran war fears, crude surge
Monday's sell-off was triggered after US President Donald Trump reportedly dismissed Iran's response to the latest peace proposal as "totally unacceptable," dashing hopes of a diplomatic resolution and sending Brent crude spiking close to $101 a barrel.
- May 11, 2026 09:45
TCP & Hyundai gain, SBI, Titan, Swiggy, Urban Company shares fall after Q4 results:
Q4 Results 11th May Live: Canara Bank, JSW Energy, IHCL, Abbott India, UPL, JB Chemicals, Nuvama Wealth, NIACL, Shyam Metalics, Syrma SGS Tech, Anant Raj, JBM Auto to announce Q4 results, TCP & Hyundai gain, SBI, Titan, Swiggy, Urban Company shares drag
Q4 Results Today, May 11, 2026, Live Updates: Find all the latest Q4 results 2026 updates of Abbott India, Ad-Manum Finance, Aerpace Industries, Anant Raj-$, Arfin India, Asarfi Hospital, Atvo Enterprises, Aurionpro Solutions, Bright Outdoor Media, Butterfly Gandhimathi Appliances, Canara Bank, Capfin India, Corona Remedies, D. B. Corp, Expo Engineering And Projects, Fractal Analytics, Garuda Construction and Engineering, Gillanders Arbuthnot & Company, Globtier Infotech, Gravity India-$, Orient Green Power Company, G R Infraprojects, Gujarat Winding Systems, GE Power India, Heritage Foods, Hexa Tradex, Indian Hotels Company, Indian Toners & Developers-$, Jattashankar Industries, JB Chemicals & Pharmaceuticals, JBM Auto, JSW Energy, JTL Industries, Kizi Apparels, Leel Electricals, Magadh Sugar & Energy, Manorama Industries, Mayank Cattle Food, Metroglobal, Mold-Tek Packaging, Msafe Equipments, Nanta Tech, NDR Auto Components, Nexome Capital Markets, The New India Assurance Company, Nuvama Wealth Management, Oasis Securities, Paradeep Phosphates, Patron Exim, PNGS Reva Diamond Jewellery, Ponni Sugars (Erode), PPAP Automotive, Premco Global-$, Privi Speciality Chemicals, PVR Inox, Rossell Techsys, Satin Creditcare Network, Shanmuga Hospital, Shriram Pistons & Rings, Shyam Metalics and Energy, SP Capital Financing, SRG Housing Finance, Sudarshan Colorants India, SVS Ventures, Syrma SGS Technology, UPL, USG Tech Solutions, Vascon Engineers, and Vertex Securities. Swiggy, Urban Company, Hyundai, SBI, MCX, Niva Bupa, BoB, TCP, Titan, Blue Dart and more in focus Stay tuned for more updates from businessline
- May 11, 2026 09:30
Top gainers and losers of Nifty 50
Top gainers: Tata Consumer (+4.24%), Max Health (+1.38%), Apollo Hospitals (+0.35%), SBI Life (+0.20%)
Top losers: Titan (-6.06%), IndiGO (-2.84%), SBI (-2.80%), Eternal (-2.70%), Shriram Finance (-2.17%)
- May 11, 2026 09:29
Biocon Pharma Limited Receives Health Canada Approval for Micafungin for Injection, USP, 50 MG and 100 MG
- May 11, 2026 09:29
Companies
ACME Solar Holdings incorporates four wholly-owned subsidiaries
ACME Solar Holdings has incorporated four wholly-owned subsidiaries — ACME Greentech Twenty Private Ltd, ACME Greentech Twenty Two Private Ltd, ACME Greentech Twenty Three Private Ltd and ACME Greentech Twenty Four Private Ltd.
- May 11, 2026 09:29
Piramal Pharma receives US FDA Form 483 with three observations
Piramal Pharma Ltd said the US FDA issued a Form 483 with three observations following an inspection of its Sellersville (USA) facility from 4-8 May 2026. Shares were flat at ₹179 on the NSE.
- May 11, 2026 09:29
Companies
Adani Green Energy commissions 150 MW solar project at Khavda
Adani Green Energy Twenty Five C, a wholly-owned stepdown subsidiary of Adani Green Energy, has operationalised a 150 MW solar power project at Khavda in Gujarat. With this commissioning, AGEL has achieved a total operational renewable generation capacity of 19,735.8 MW and total operational BESS capacity of 1,376 MWh. Shares were down over 1 per cent to ₹1,339.80 on the NSE.
- May 11, 2026 09:28
Commodities
Crude oil futures surge over 4 per cent as Trump rejects Iran’s response
Crude oil futures jumped more than 4 per cent after US President Donald Trump rejected Iran’s response to his proposal to end the war in West Asia. At 9.20 am on Monday, July Brent oil futures were at $105.44, up 4.10 per cent, while June crude oil futures on WTI (West Texas Intermediate) stood at $99.73, up 4.52 per cent. On the MCX, May crude oil futures traded at ₹9,473 during the initial hour against the previous close of ₹9,024, up 4.98 per cent, and June futures were at ₹9,149 against ₹8,734, up 4.75 per cent.
- May 11, 2026 09:27
Stock Market Live Updates: Benchmarks were down over 1%.
Sensex traded 890.58 pts or 1.15% lower at 76,437.61 at 9.18 am after closing at 77,328.19 (on Friday), and NIfty 50 fell 263.15 pts or 1.09% to 23,913 from the previous close of 24,176.15.
- May 11, 2026 09:23
Forex
Rupee set to weaken on spike in oil prices; Modi calls for fuel conservation
Rupee set to weaken on spike in oil prices; Modi calls for fuel conservation
Brent crude rose more than 3 per cent to $104.50 after US President Donald Trump on Sunday said the Iranian response to a US proposal for peace talks was “unacceptable”.
- May 11, 2026 09:16
Other broker notes
Jefferies retained buy on Adani Energy Solutions with a target of ₹1,665. The brokerage named UltraTech Cement and JK Cement as top picks in the cement sector, citing emerging capital discipline. Bank of America Securities kept neutral on Escorts Kubota at ₹3,500. Morgan Stanley maintained underweight on Urban Company at ₹128. Goldman Sachs retained positive view on financials and staples in its India strategy note. HSBC kept hold on JSW Infra at ₹290 and initiated buy on Physicswallah at ₹135. Macquarie retained outperform on Avlon Technologies at ₹1,350. JPMorgan kept neutral on Dabur at ₹525, Citi sell on Balkrishna Industries at ₹2,100.
- May 11, 2026 09:15
Mahanagar Gas EBITDA impacted by LNG disruptions
Mahanagar Gas reported fourth-quarter EBITDA of ₹2.6 billion, in line with estimates but down sequentially due to gas cost volatility. Citi retained buy at ₹1,400 and Bank of America Securities buy at ₹1,330. Jefferies maintained underperform at ₹1,020.
- May 11, 2026 09:15
ABB India margins contract on cost pressures and mix shift
ABB India saw EBITDA margins decline over 500 basis points year-on-year due to input costs, forex and execution issues. New orders grew 25 per cent. Most brokers downgraded to underperform with targets ranging from ₹4,764 to ₹5,915.
- May 11, 2026 09:15
Britannia Industries impacted by West Asia disruption and competitive pricing
Britannia’s fourth-quarter growth was soft at 6-7 per cent, affected by export disruption from West Asia conflict and dual pricing pressure. The company is shifting production to Mundra and expects recovery from the first quarter. Citi retained buy at ₹6,500, CLSA hold at ₹5,569 and Bank of America Securities neutral at ₹5,820.
- May 11, 2026 09:15
Pidilite Industries sees strong volume growth amid input cost inflation
Pidilite reported 15 per cent revenue growth driven entirely by volumes. The company faces 40-50 per cent input cost inflation and has initiated price hikes. Goldman Sachs kept buy at ₹1,700 while Bank of America Securities maintained underperform at ₹1,475.
- May 11, 2026 09:15
Tata Consumer Products delivers robust Q4 volume growth
Tata Consumer Products posted 18 per cent year-on-year sales growth with 16 per cent underlying India volume increase. Growth segments now exceed 30 per cent of revenues. Goldman Sachs retained buy at ₹1,450 and CLSA outperform at ₹1,337.
- May 11, 2026 09:14
Hyundai Motor India guides for 8-10 per cent volume growth in FY27
Hyundai reported fourth-quarter EBITDA margin of 10.4 per cent, impacted by one-offs and adverse mix. The company announced two new SUV launches and expects to outperform the industry. CLSA cut target to ₹2,290 while maintaining outperform. HSBC retained buy at ₹2,400 and Bank of America Securities neutral at ₹2,000.
- May 11, 2026 09:14
Lupin posts strong Q4 beat; cautious FY27 guidance on competition
Lupin recorded 33 per cent year-on-year sales growth and 68 per cent EBITDA growth, beating estimates. Management guided for high-single-digit revenue growth and 25 per cent EBITDA margin in FY27, factoring in competition in key products. Nomura retained buy at ₹2,580 and CLSA outperform at ₹2,690.
- May 11, 2026 09:14
Broker views on Swiggy highlight valuation divergence
Citi kept buy at ₹415, Morgan Stanley equal-weight at ₹322 and Kotak Institutional Equities buy at ₹370. Concerns remain on quick commerce losses and competition, though food delivery momentum is viewed positively.
- May 11, 2026 09:13
Swiggy shows improving food delivery metrics; quick commerce remains focus
Swiggy reported food delivery gross order value growth of 23 per cent year-on-year with contribution margins improving. Quick commerce growth moderated as the company avoided irrational competition. Management maintained guidance for positive contribution margin in the current quarter. Nomura retained buy with a target of ₹473.
- May 11, 2026 09:13
Brokerages largely positive on BoB despite one-off gains
Citi kept buy at ₹340, JPMorgan overweight at ₹335, Jefferies hold at ₹295, Kotak Institutional Equities add at ₹300 and Bank of America Securities buy at ₹315. Analysts highlighted strong loan growth in retail, agri and MSME segments while noting higher LDR and bulk deposit share.
- May 11, 2026 09:13
Bank of Baroda Q4 boosted by one-offs; core NIM under pressure
Bank of Baroda’s fourth-quarter profit of ₹56.2 billion was aided by interest on income-tax refund, recoveries and provision reversals. Reported NIM expanded 10 basis points sequentially to 2.89 per cent, largely due to the tax refund. Core performance was mixed with loan growth at 16.5 per cent year-on-year. Management guided for 12-14 per cent loan growth and NIM of 2.75-2.95 per cent in FY27. CLSA retained outperform with a target of ₹335.
- May 11, 2026 09:13
Mixed broker reactions to Titan results; targets between ₹4,800 and ₹5,249
Jefferies maintained buy at ₹4,800, Citi neutral at ₹5,075, Bank of America Securities buy at ₹4,830 and CLSA outperform at ₹5,249. Analysts noted strong revenue growth from buyer rebound and studded jewellery but flagged margin pressure from gold prices and transfer pricing.
- May 11, 2026 09:13
Titan delivers strong jewellery margins despite gold price headwinds
Titan reported healthy domestic jewellery EBIT growth of 41 per cent year-on-year with margins at 11.1 per cent, ahead of expectations. Tanishq, Mia and Zoya brands delivered 11.3 per cent EBIT margin while Caratlane stood at 8.3 per cent.
Consolidated jewellery EBIT margin was 10 per cent, impacted by international losses from West Asia disruptions and Damas consolidation. Management expects the international business to turn positive in two to three quarters. Goldman Sachs retained buy with a target price of ₹5,400.
- May 11, 2026 09:12
Broker views mixed on SBI with target prices ranging from ₹980 to ₹1,300
JPMorgan maintained overweight with a target price of ₹1,225, while Morgan Stanley stayed equal-weight at ₹980. CLSA kept outperform at ₹1,275, Macquarie outperform at ₹1,150, Bank of America Securities buy at ₹1,200, Bernstein market perform at ₹1,300, UBS neutral at ₹1,080, and Kotak Institutional Equities buy at ₹1,250. Most brokers trimmed near-term estimates on margin pressure but highlighted solid loan growth and stable asset quality.
- May 11, 2026 09:12
SBI reports Q4 miss on NIM compression; most brokers retain positive stance
State Bank of India reported a weaker-than-expected fourth quarter with net interest income rising 3.8 per cent year-on-year but declining 2 per cent quarter-on-quarter to ₹443.8 billion, missing JPMorgan estimates by 6 per cent.
NIM contracted 17 basis points sequentially for the whole bank to 2.81 per cent and 18 basis points for domestic operations to 2.93 per cent, sharper than street expectations. Asset quality remained benign with credit costs at 24 basis points, though slippages edged up slightly on seasonality. Management expressed confidence in NIM recovery in FY27 and guided for 13-15 per cent loan growth.
- May 11, 2026 09:11
Global bits
United States: Fed flagged Iran war-driven oil shock as the top financial stability risk, while jobs stayed resilient despite elevated fuel prices.
Canada: Higher global crude prices supported energy-linked sectors, though inflation concerns persisted alongside U.S. spillovers.
Germany: Faced energy supply disruptions and sought alternative oil routes after pipeline interruptions.
United Kingdom: Labour market softened as war-related uncertainty weighed on business confidence.
France: Energy firms benefited from higher oil prices, supporting broader European earnings momentum.
South Korea: Inflation accelerated to its fastest pace in nearly two years due to rising energy costs.
China: Services activity improved on stronger domestic demand, though export demand weakened amid global uncertainty.
Indonesia: GDP growth hit a three-year high, but analysts warned prolonged Middle East tensions could hurt momentum.
Singapore: Banks remained profitable but turned more cautious by building buffers against war-related economic risks.
New Zealand: Unemployment eased slightly, though the labour market remained broadly weak.
Russia: Benefited from elevated oil revenues and resumed foreign currency purchases due to stronger inflows.
South Africa: Fiscal outlook improved, with debt expected to stabilize amid reform progress.
Brazil: Inflation expectations rose further as higher oil prices intensified central bank concerns.
Saudi Arabia: Oil windfall boosted Aramco profits, but government spending pushed the fiscal deficit wider.
Iran: Continued conflict and Hormuz disruptions remained central to global energy market volatility.
Israel: Ongoing military engagement with Iran kept geopolitical tensions and regional security risks elevated.
Broader Europe: Energy shortages and expensive jet fuel increased inflationary pressure and travel concerns.
Broader Asia-Pacific: Region faced slower growth and higher inflation from persistent fuel supply disruptions.
Source: Reuters
- May 11, 2026 08:52
Gold silver
Gold falls on oil-driven inflation worries as US–Iran peace talks falter
Gold falls on oil-driven inflation worries as US–Iran peace talks falter
Gold prices decline amid rising oil inflation concerns and stalled US-Iran peace talks, impacting market stability and investor sentiment.
- May 11, 2026 08:06
Gaurav Udani, Founder - Thincredblu Securities
“Nifty is expected to open lower around 24,000, down nearly 170 points, indicating a weak start after the recent sharp recovery.
The decline appears to be a reaction near higher resistance levels, and today’s session will be important to see whether support zones continue to hold.
Technically, the 23,800–23,900 range remains a key support area. As long as the index sustains above this zone, the broader recovery structure remains intact. On the upside, 24,250–24,400 continues to act as the immediate resistance zone.
The setup currently suggests a range-bound to cautious market, with volatility likely around key levels.
Traders should avoid aggressive positions at the open and focus on confirmation near support or resistance before initiating fresh trades.”
- May 11, 2026 08:05
Rajesh Palviya, Head of Research, Axis Direct
The Nifty shed 150 points on Friday to finish at 24,176, its second consecutive daily loss, dragged by a 7% slide in SBI after weak NIMs and renewed US–Iran flare-ups. Wall Street, in contrast, closed at fresh records — the S&P 500 added 0.8% and the Nasdaq surged 1.7% — propelled by an upbeat April jobs print and a chip-led rally. Cues from Asia are mixed: Kospi has opened 3.7% higher on SK Hynix, the Nikkei is firmer, while Hang Seng futures and US index futures are softer. Brent is sticky near $101, gold trades at $4,730, silver at $80, and copper at $6.23. GIFT Nifty (-117 points) suggests a negative start. Technically speaking, 24,000 is the zone bulls must defend; unless and until a daily close above 24,340 is recorded, the prevailing bias stays cautious, with 23,800 the next pocket of support should that floor crack. One needs to adopt a stock-specific selective approach to play at this moment as earning season is going on.
- May 11, 2026 07:27
Today’s Stock Recommendation: May 11, 2026
- May 11, 2026 07:26
Stock market
Buzzing stocks: CMS Info, NBCC (I), 3i Infotech, Zaggle, Alkem Lab, GHV Infra, Innovation, Texmaco, JSW Steel, KIMS, Exato Tech, Steelco Gujarat, Om Freight, TVS Motor
Buzzing stocks: CMS Info, NBCC (I), 3i Infotech, Zaggle, Alkem Lab, GHV Infra, Innovation, Texmaco, JSW Steel, KIMS, Exato Tech, Steelco Gujarat, Om Freight, TVS Motor
Major companies like CMS Info, TVS Motor, and JSW Steel secure significant contracts and expansions across various sectors.
- May 11, 2026 06:57
Quarterly results
Results Today
UPL, Canara Bank, Indian Hotels Company, Abbott India, Corona Remedies, Fractal Analytics, G R Infraprojects, GE Power India, JB Chemicals & Pharmaceuticals, JSW Energy, Mold-Tek Packaging, New India Assurance Company, Nuvama Wealth Management, PNGS Reva Diamond Jewellery, PVR Inox, Satin Creditcare Network, Shyam Metalics and Energy, and Syrma SGS Technology will release their quarterly earnings today.
- May 11, 2026 06:56
Companies
Alkem Labs gets clean US FDA inspection report at Taloja facility
Alkem Labs said the US FDA conducted an unannounced surprise inspection at its Taloja CRO facility and did not issue any Form 483 after the inspection.
- May 11, 2026 06:53
INDIA POWER SECTOR — THE BIG PICTURE
Citi Industry report, 6 May 2026 | Industry distillation
THE HEADLINE STORY
India is in its first-ever multi-vector capex upcycle — thermal + renewables + transmission + grid storage, all running in parallel. This isn’t a single-theme rally. It’s broader, more durable, and policy-anchored.
GENCO capacity additions over FY26-32E are projected at 2.3-2.5x the FY19-25 levels.
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THIS CYCLE vs LAST CYCLE (FY04-12 vs FY24-32E)
The risk has fundamentally migrated:
• Old problem:
Aggregate energy shortage, weak fuel supply, weak grids
• New problem:
“Not enough dispatchable energy at the right hour” — non- solar-hour adequacy
• Old demand:
Industrial capex (steel, cement, infra)
• New demand:
Cooling, data centers, electrification, PLI manufacturing — broader base
• Old build:
Coal IPPs (UMPPs, sub/supercritical)
• New build: Parallel buildout — RE + thermal + storage + transmission + nuclear
• Old risk: Fuel shortages, imported coal shocks, over-leverage, DISCOM insolvency
• New risk: Execution, dispatchability, contracting quality, weather sensitivity
• Old policy: Capacity expansion focus
• New policy: CEA resource adequacy plans, long-term transmission/generation plans
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⚡ DEMAND DYNAMICS
Long-term trajectory:
• ~5% CAGR over past 2 decades
• Medium-term forecast: 5-6% CAGR
• FY26 saw weather-driven softness (~1% growth) — viewed as outlier, not trend break
• El Niño tailwinds expected in 2026 (boosts agri-pump + cooling demand)
Peak Demand Story:
• 2010: ~119 GW → 2025: ~250 GW
• CEA expects 265-270 GW peak in 2026
• By FY32E: ~351 GW projected
NEW LOAD VECTORS driving the next leg:
1️⃣ Data Centers — currently ~1.5 GW IT load (Mumbai, Chennai, NCR, Bengaluru). Could reach 10-15+ GW by FY32/35, accounting for ~2.5-3% of national peak by 2030/32. Recently, DCs being granted DISCOM licenses.
2️⃣ Cooling load — AC penetration rising sharply
3️⃣ Electrification of end-uses traditionally on other fuels
4️⃣ EV charging
5️⃣ Green hydrogen — long-dated industrial layer
6️⃣ PLI-linked manufacturing — sticky industrial base
7️⃣ Energy security concerns post Middle East crisis
⚠️ Key shift: More demand is now weather-sensitive AND time-of -day sensitive — evening/night peaks now stress the system more than daytime.
Sectoral mix: Residential + Agri form a sizeable proportion → more weather-sensitive system overall.
━━━━━━━━━━━━━━━
SUPPLY MIX — WHERE THE MONEY IS GOING
Current state (FY26):
• Total installed capacity: ~533 GW (doubled since 2014)
• Non-fossil share: ~50% (~275 GW)
• Solar: 150 GW | Wind: 56 GW
• Coal: 222 GW | Gas: 20 GW | Hydro: 51 GW | Nuclear: 9 GW
CEA’s FY32 trajectory:
• Total capacity: ~821 GW (could go higher if demand surprises)
• Coal: ~272 GW |
Solar: ~295 GW |
Wind: ~97 GW |
Nuclear: 15 GW
• RE share (incl hydro): rising from 27% → 35%
Capacity additions outlook:
• ~44-45 GW/year over FY26E-32E
• vs ~19 GW/year over last 7 years
• That’s a ~2.3x step- up
⚫ COAL — Still very much alive:
• ~97 GW additional coal capacity under construction or planned by 2032
• Coal generation rises from 1,250 BU (FY26E) → 1,536 BU (FY32E)
• Positioned as a reliability asset, not a growth asset
• Night-time peaks need dispatchable capacity
☀️ RENEWABLES — Largest incremental contributor:
• Solar nearly doubles by FY32E
• Wind grows from 56 → 97 GW
⚛️ NUCLEAR — Ambitious national plan:
• National target: 100 GW by 2047
• Capex guide: ~Rs200mn/MW
• Tariffs: Rs6-8/kWh under cost-plus RoE
• Long-duration assets (60-year life)
• Must-run status in merit order
🏔️ HYDRO + STORAGE:
• Hydro: 51 → 59 GW by FY32E
• Storage becoming the new “coal availability equivalent” of the last cycle
━━━━━━━━━━━━━━━
🔋 STORAGE — THE BREAKOUT THEME
CEA’s energy storage roadmap (cumulative):
• 2026-27: BESS 6 GW + PSP 5 GW = 11 GW
• 2030-31: BESS 28 GW + PSP 32 GW = 60 GW
• 2035-36: BESS 80 GW + PSP 94 GW = 174 GW
Storage required to avoid peak deficit: ~10 GW by FY27E, ~11 GW by FY29E
Why it matters: Solar curtailment events between May-Dec 2025 highlighted the operational difficulty of integrating large RE volumes — daytime demand-supply mismatch, limited coal ramping, transmission bottlenecks.
CEA flags risk of Planning Reserve Margin turning negative in non-solar hours over FY27-29 if capacity slips.
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🔌 TRANSMISSION — MASSIVE OPPORTUNITY
📋 Two major CEA plans frame the next leg:
Plan 1 — March 2026: “Transmission Plan for 900+ GW Non-Fossil by 2035-36”
• 1,37,500 ckm of lines + 8,27,600 MVA substation capacity
• Cost: Rs7.93 trillion over FY27-FY36
• Focus: RE evacuation from Rajasthan, Gujarat, AP, Karnataka, Maharashtra
• Covers both ISTS and intra-state systems
Plan 2 — October 2025: “Brahmaputra Basin Hydro Evacuation Master Plan”
• 65GW hydro + 11GW PSP in NE
• 31,397 ckm lines + 109,935 MVA/MW capacity
• Cost: Rs6.43 trillion total
• ~Rs1.9trn till 2035, Rs4.5trn beyond FY35
💰 Total transmission opportunity (industry view): ~Rs15 trillion over the long term when combining domestic + Brahmaputra + international interconnects.
Architecture shift: From incremental network additions → system architecture (765 kV, HVDC corridors, pooling stations, 1,200 kV future).
The principle: Transmission must be planned ahead of generation — line gestation is longer; delays cause curtailment, stranded assets, regional congestion.
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💵 POWER PRICING & MARKETS
Mixed structure:
• Long-term PPAs (cost-plus or lowest-bid) — bulk of supply
• Regulated tariffs
• Merchant/exchange markets — growing
📊 IEX day-ahead snapshot (Apr-May 2026):
• Spot prices range from near-zero during surplus solar hours → near-ceiling levels during evening peaks
• Massive intraday price swings reflect the variable RE integration challenge
• Headline deficits have meaningfully reduced, BUT intra-day variations persist
━━━━━━━━━━━━━━━
DRAFT NATIONAL ELECTRICITY PLAN 2026 — KEY REFORMS
🏛️ Regulatory architecture:
• Electricity Act 2003 = foundation
• CEA = technical standards, planning
• CERC = inter-state tariffs/transmission
• SERCs = intra-state tariffs, DISCOMs
🎯 Resource Adequacy as formal planning discipline:
• CEA: long-term national demand forecasts (annual review)
• SLDCs: state-level forecasts
• Resource Adequacy Plans at national + state + DISCOM levels
Fixing DISCOMs & industrial competitiveness:
• Timely tariff orders (before FY start; true-up within FY; conclude in 120 days)
• From FY27: fully cost-reflective tariffs, no regulatory assets, index-linked auto- revision if delayed
• Monthly pass-through of power purchase costs
• Cross-subsidy reduction — no tariff below 50% of ACoS
• Free power should be avoided; subsidies paid in advance
• Target: single-digit AT&C losses
• Solarisation of agri feeders by 2030
• Pro-competition stance — relief for large users (manufacturing, railways/metro)
DISCOM risk has moved from broad insolvency → more nuanced, selective. SECI and central structures remain important buffers.
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CAPEX FUNDING — WHERE THE CAPITAL FLOWS
• Mix: corporate balance sheets + project finance debt + dedicated infra lenders
• Typical D:E for projects: 70:30 or 80:20
• Equity from internal accruals + own books
Critical RBI data point:
• Power sector’s share of total bank/FI capex tie-up funding jumped to 40% in FY25 (vs 24% in FY24, 20% in FY23)
• This happened even as overall capex tie-ups fell — meaning power is gaining clear preferential allocation
Sectoral breakdown of bank/FI capex funding (FY25):
• Power: 40%
• Roads & bridges: 9%
• Construction: 6%
• Metals: 5%
• Electrical equipment: 5%
• Others: 34% ━━━━━━━━━━━━━━━
🎯 KEY TRENDS TO WATCH
✅ Bullish drivers:
• Multi-vector capex visibility (rare in Indian power)
• Policy anchors providing long-duration support
• Data center buildout creating local grid pressure points
• Storage emerging as a major new investment theme
• Transmission entering structurally larger investment phase
• Nuclear becoming a real opportunity, not just aspiration
⚠️ Key risks for the sector:
• Execution slippages (transmission RoW, RE land/grid connectivity)
• Sustained unfavorable demand variability (weather-linked)
• Adverse regulatory developments
• PPA-less RE pipeline conversion failure
• Storage tariff design / bankability of storage contracts
• Input cost volatility (especially under TBCB transmission tariffs)
• Vendor concentration in transformers/reactors/HVDC equipment
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🧭 BOTTOM LINE
India’s power sector has shifted from a “not enough energy” problem to a “not enough flexible, dispatchable energy at the right hour” problem.
Capital is flowing into a parallel buildout — thermal restart, RE scale-up, transmission rebound, and the first real storage wave — anchored by policy. Demand base is broader, weather- sensitive, and time-of -day sensitive. The next decade is about execution and architecture, not aggregate capacity.
- May 11, 2026 06:53
Maulik Patel | Director | Head of Research | Equirus Securities
Equirus Energy Weekly | Week 4- Chart 4 Each week, we will present one key chart that captures an important trend shaping the oil & gas sector, spanning crude markets, refining dynamics, gas flows, policy shifts, and company-level developments to deliver high-signal, low-noise insights.
From supply wave to supply shock: Global LNG trade hits multi-year low
From record highs to multi Year lows: Global LNG trade had been on a strong upward trajectory through 2025 and peaking at 42.8mt in Jan’26. Middle East conflict reversed all of that in weeks. By Apr’26, global supply had crashed to 34.1mt, similar levels as Sep’23. The 8.7mt drop in just three months (Jan–Apr 2026) is one of the steepest quarterly decline.
Qatar’s Near-Total Shutdown- epicentre of crisis…..: Qatar- world’s second-largest LNG supplier, consistently delivering ~6.5-7mt/month through 2025. That changed overnight. Ras Laffan facility, world’s largest liquefaction complex, has been offline since it was first attacked on 2 March, with Qatar and UAE disruptions. UAE’s Das Island followed the same trajectory, dropping from 0.37mt (Feb’26) to zero by April 2026
……… expansion dreams also deferred: 2025 was shaping up as a landmark year for global LNG supply. Monthly volumes were running well ahead of prior years. New capacity from US, Canada’s LNG Canada terminal, and Senegal’s Tortue FLNG were all ramping up, with market widely expecting an LNG supply wave to ease prices through 2026–27. That outlook has now been reversed, damage to Qatar’s existing infrastructure is expected to offset supply increase from US LNG Projects whereas atleast 1 year delay North Field expansion, (the project that was designed to lift Qatar’s LNG capacity from 77 to 142mt/year by 2030 in total) North Field East and North Field South- are likely to slip from their original timelines, with some start-ups pushed beyond 2027. IEA now projects a total loss of 120bcm (~90mt) over 4 years
US & Australia cushion blow but cannot fill gap: US continued its structural growth story, rising from 9mt (Apr’25) to 11mt (Apr 2026) a ~20% increase with Plaquemines, Corpus Christi, and Sabine Pass all contributing. Australia held steady at 6.9–7.3mt throughout, and Canada’s LNG Canada grew to >1mt. Russia’s Yamal LNG remained resilient at ~1.8–1.9mt. Europe has been pivoting accordingly, US LNG’s share of EU imports has risen significantly as Qatari flows dried up, a trend now sharply accelerating. But collectively, these gains offset only a fraction of ~7.5mt/month Qatar alone has lost.
- May 11, 2026 06:52
MNCL Research | Mayur Uniquoters Ltd | Business Update
CMP- Rs 629 - Mcap- Rs 27bn- Target Price-Rs 825 - Rating - BUY
Mayur Uniquoters has informed about a partial production halt at one coating line of its Dhodsar plant due to a strike by contractual workers from 9th May 2026.
Key takeaways:
• Impact is limited to one coating line
• Other plants continue to operate normally
• Estimated production loss: ~15,000 linear meters/day
• No asset loss/damage expected
• Issue relates to worker wage demands; company is in talks for resolution
MNCL’s View:
The Dhodsar plant is one of the key facilities catering to the export OEM segment, which remains an important growth and margin driver for the company. While a prolonged disruption in production could impact near-term supplies and operational performance, we await further clarity from the management regarding the expected resolution timeline and overall business impact.
- May 11, 2026 06:51
NSE
Nifty & Bank Nifty இந்த வாரம் (11 May'26 to 15 May'26)என்ன ஆகும்? எங்கு செல்லும்?
- May 11, 2026 06:50
NSE
Nifty and Bank Nifty Prediction for the week 11 May'26 to 15 May'26 by BL GURU
- May 11, 2026 06:35
Index Outlook: Mired in possibilities
Index Outlook Mired in possibilities
Nifty 50 and Sensex are poised for a bullish breakout, despite recent stagnation and FPI sell-offs.
- May 11, 2026 06:32
Technical call buy
Stock to buy today: L&T Finance (₹303.25) – BUY
Stock to buy today: L&T Finance (₹303.25) – BUY
Buy L&T Finance at ₹303.25; target ₹315-₹320 with bullish outlook and strategic stop-loss levels for traders.
Published on May 11, 2026
English (US) ·