POST MARKET
Indian stocks resumed their losing streak in Tuesday’s trade, May 26, as US strikes on Iran dented hopes of an imminent peace deal, triggering a risk-off sentiment across markets. Today’s decline came after the headline indices logged their biggest intraday jump in three weeks amid optimism over the reopening of the Strait of Hormuz.
Among sectors, except FMCG and metal, all other indices ended in the red with PSU Bank, private Bank, realty and consumer durables down 0.5-1%.
The broader market, however, remained in an uptrend and outperformed the benchmark indices, with the Nifty Midcap 100 and Nifty Smallcap 100 rising 0.54% and 0.35%, respectively.
STOCKS IN NEWS
Bliss GVS Pharma
Bliss GVS Pharma shares hit the 20 percent upper circuit on Tuesday after specialty chemicals firm Anupam Rasayan India announced plans to acquire up to 43.3 percent stake in the company for Rs 1,369.51 crore.
MobiKwik
Stocks of One MobiKwik soared more than 4 percent on Tuesday after the company announced that it had received in-principle approval from the Reserve Bank of India for its Payment Aggregator-Physical (PA-P) licence, enabling expansion of its offline merchant payments business across India.
Waaree Energies
Shares of Waaree Energies traded around 3.47% on Tuesday after the government said there would be no blanket extension of the Approved List of Models and Manufacturers (ALMM) List-II deadline beyond June 1, 2026.
Adani Green Energy
Shares of Adani Green Energy were trading 3.81% in the green on Tuesday after the company announced the commissioning of the world’s largest single-location battery energy storage system outside China.
Source: Mint, Moneycontrol.