Stock market today: The Indian stock market closed in the red on Friday, marking its second straight session of losses, amid selling pressure in heavyweight index stocks. The Sensex declined 516.33 points, or 0.66%, to end at 77,328.19, while the Nifty 50 fell 150.50 points, or 0.62%, to settle at 24,176.15.
However, the is likely to continue its losing streak as trends in the Gift Nifty index signalled a negative opening on Monday. Gift Nifty was trading near the 24,092 mark, down over 142 points from the previous close of Nifty futures.
“On the domestic front, institutional flows, rupee movement and sectoral participation—particularly within banking and energy-linked stocks—are expected to remain key drivers of market direction. While selective domestic buying is offering some support to benchmark indices, foreign institutional investor (FII) activity will be closely monitored amid continued selling pressure in recent sessions. Overall, market sentiment remains highly news-driven and volatile, with geopolitical developments, crude oil trends and institutional flow dynamics likely to dictate the near-term trajectory,” said Ponmudi R, CEO of Enrich Money.
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 that will remain in focus on Monday, 11 May –
Canara Bank, Indian Hotels, JSW Energy
Shares of Canara Bank, Indian Hotels, JSW Energy will remain in focus as companies will report Q4 results today.
Swiggy
Online food delivery platform Swiggy reduced its losses to ₹800 crore in the fourth quarter, compared to ₹1,081 crore in the year-ago period and ₹1,065 crore in the December quarter.
Multi Commodity Exchange
Multi Commodity Exchange of India reported a consolidated net profit of ₹530 crore for the quarter ended March, compared with ₹135 crore in the corresponding period last year, marking a sharp 291% year-on-year jump.
Urban Company
The company posted a net loss of ₹161.2 crore in Q4, sharply wider than the profit of ₹2.84 crore recorded in the corresponding quarter last year, despite a 42.6% year-on-year jump in revenue to ₹425.6 crore from ₹295.5 crore.
Tata Consumer Products
Tata Consumer Products on Friday reported a consolidated net profit of ₹419 crore for the fourth quarter, marking a 21% increase from ₹345 crore recorded in the corresponding quarter of the previous year.
Hyundai Motor
The company lagged the industry in terms of volume growth. Net profit declined 22% year-on-year to ₹1,256 crore, while revenue increased 5% to ₹18,916 crore.
Bank of Baroda
The lender has projected deposit growth of 10% to 12% for FY27, while Net Interest Margins (NIMs) are expected to remain between 2.75% and 2.95% during the financial year.
Bajaj Healthcare
The healthcare company posted a net loss of ₹22.9 crore in the fourth quarter, against a net profit of ₹11.2 crore in the same period last year, while its revenue slipped 0.9% year-on-year to ₹143.6 crore.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.