Stock market today: The Indian stock market came under intense selling pressure on Monday, May 11, as investor sentiment turned negative following a sharp rise in crude oil prices after optimism around an imminent peace agreement in West Asia diminished. Market weakness was further aggravated by heavy selling in realty and consumer durable stocks after Prime Minister Narendra Modi called for a series of measures.
The closed 1.51% lower at 23,811, while the Sensex declined 1.73% to settle at 76,072. Both benchmark indices posted their steepest single-day fall since April 24.
However, the market is likely to continue its losing streak as trends in the Gift Nifty index signalled a negative opening on Tuesday. Gift Nifty was trading near the 23,738 mark, down over 48.50 points from the previous close of Nifty futures.
“are likely to witness a cautious start today after Monday’s sharp selloff, with Gift Nifty indicating a negative opening near the 23,750 zone. The domestic market enters the session under pressure after benchmark indices corrected nearly 1.5–1.7% in the previous session amid rising geopolitical tensions and a spike in crude oil prices,” said Hariprasad K, SEBI-registered Research Analyst and Founder, Livelong Wealth.
As the market is pointing towards a negative start, some are likely to remain in focus on Monday due to their own positive/negative triggers.
Stocks to Watch
Amid this backdrop, these are the top 10 stocks that will remain in focus on Tuesday, 12 May –
Tata Power, Dr Reddy’s, Dixon Technologies, Nazara Technologies
Shares of Tata Power, Dr Reddy’s, Dixon Technologies, Nazara Technologies will remain in focus as companies will release their Q4 results today.
Indian Hotels
The company delivered a robust performance in the fourth quarter, with consolidated net profit increasing 14.9% year-on-year to ₹600 crore, up from ₹522.3 crore in the same quarter of the previous year.
JBM Auto
The company posted a stable performance in the fourth quarter, with consolidated net profit increasing 11.9% year-on-year to ₹74.2 crore, up from ₹66.3 crore in the corresponding period last year.
Bank of Baroda
State-run Bank of Baroda is targeting a 10% growth in its ₹4.56 lakh crore corporate loan portfolio in FY27 and has identified a current pipeline of large-ticket loans worth ₹50,000 crore.
Ather Energy
The company on Monday announced that sales of its Rizta electric scooter have surpassed 3 lakh units within two years of its launch, making it the firm’s highest-selling model.
HFCL
The company has received export orders valued at nearly $19.32 million for supplying optical fiber cables to leading global clients.
Bharat Forge
The company has signed a long-term agreement with Embraer to manufacture and supply critical landing gear forgings, marking its entry as the first Indian supplier in Embraer’s global aerospace supply chain for forged components.
Adani Ports and Special Economic Zone
Pranav Choudhary has stepped down from his role as CEO – Ports at Adani Ports to explore opportunities outside the Adani Group, with his resignation taking effect from May 31. Meanwhile, the Board has named Niraj Bansal as the new CEO – Ports, effective June 1.
JSW Energy
The company posted record EBITDA in the March quarter, supported by capacity expansion, robust operational performance, and contributions from recent acquisitions, although its net profit fell compared to the year-ago period.
Satin Creditcare Network
The company on Monday, May 11, posted a strong increase in its fourth-quarter profit, driven by consistent loan growth and resilient asset quality amid a difficult operating environment.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.