POST MARKET
The stock markets declined for the third day running on Monday amid rising crude oil prices and weak global cues after the US and Iran failed to reach a peace agreement to end the West Asia conflict.
The Sensex tanked 1,312.91 points or 1.7 percent to settle at 76,015.28. During the day. The Nifty dropped 360.30 points or 1.49 percent to end at 23,815.85.
Among Nifty sectoral indices settled in the red, with just FMCG and pharma ending in the green.
The broader markets also witnessed selling pressure, with the Nifty Smallcap100 index falling 1.13 percent and the Nifty Midcap100 declining 1.05 percent.
STOCKS IN NEWS
State Bank of India
The stock of SBI fell 4.36 percent on monday due to the bank’s total income during the quarter declined to Rs 1,40,412 crore from Rs 1,43,876 crore in the corresponding period a year ago.
Tata Consumer Products
Tata Consumer Products shares rose nearly 8 percent to hit an all-time high of Rs 1,253.60 per share on the NSE on Monday after the company reported strong March quarter earnings and brokerages backed its growth outlook.
Sun Tv Network
Shares of Sun TV Network declined 1.3 percent in Monday’s trade following a major political change in Tamil Nadu, after TVK leader Vijay was sworn in as Chief Minister at a grand ceremony in Chennai on Sunday.
Urban Company
Shares of Urban Company fell near 10% on May 11 after the home-based services provider has posted widening of consolidated loss to Rs 161 crore for March quarter FY26 mainly on account of investment in new service InstaHelp.
Source – Moneycontrol
