WEEKLY REPORT
The Indian benchmark indices ended higher in the volatile week ended May 8 despite global uncertainties, rising crude oil prices, and persistent selling by Foreign Institutional Investors (FIIs). However, sustained buying by Domestic Institutional Investors (DIIs), appreciation in the rupee, and better-than-expected domestic corporate earnings supported market sentiment.
For the week, the BSE Sensex fell 414.69 points, or 0.53%, to close at 77,328.19, while the Nifty 50 down by 42.30 points, or 0.17%, to settle at 24,176.15.
The total market capitalisation of BSE-listed companies jumped more than ₹10 lakh crore during the week. Among the gainers, Mahindra and Mahindra led the increase in market capitalisation, followed by Adani Ports and Special Economic Zone, HDFC Bank, Asian Paints. In contrast, State Bank of India, Bharti Airtel, Tata Consultancy Services witnessed a decline in their market capitalisation during the same period.
Among the broader market indices, The Nifty Smallcap index gained 4% during the week also Nifty Midcap 100 index advanced 3.5% during the week,
Domestic Institutional Investors (DIIs) continued their buying momentum, purchasing equities worth ₹21,392.85 crore, during the week. Howerver, Foreign Institutional Investors (FIIs) remained net sellers, offloading equities worth ₹11,072.35 crore.
The Indian rupee weakened during the week, depreciating by 17 paise to settle at ₹94.43 against the US dollar on May 8, compared with ₹94.26 in the previous week
ECONOMY
Iran War Energy Crisis Hammers Asia
Asian governments are scrambling to find alternatives as the energy crisis triggered by the US and Israel’s war on Iran intensifies. Asian Development Bank has cut its growth forecast for developing Asia and the Pacific to 4.7% this year, down from 5.1% previously, and raised its inflation outlook to 5.2%. India is burning more coal as extreme heat and the Iran war squeeze energy supplies.
US Stocks Hit Records on Strong Earnings
US stocks are hitting records amid ongoing Middle East supply disruptions, driven by strong corporate earnings being revised higher. Mega-cap tech remains the dominant driver, while broad earnings growth looks healthy in a still-resilient US economy. AI is now delivering tangible revenues, allaying worries over outsized capital spending.
IMF Warns of Recession Risk for Europe
The IMF warns the European economy remains resilient but increasingly exposed to external shocks from the Iran war and Strait of Hormuz closure. Oil prices have surged around 70%, while European gas prices remain roughly 45% above pre-war levels. Euro area growth forecasts have been cut to just over 1% in 2026, down from 1.4%.
STOCKS IN NEWS
Apollo Micro Systems
Shares of Apollo Micro Systems settled more than 10 percent higher this week because after the company updated on its order book across defence and private sector segments, in an exchange filing.
Thermax Limited
Stock of Thermax sLorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.urged more than15 percent this week due to hit a fresh 52-week high of Rs 4,736 per share on the NSE on Friday after the company reported a 19 percent rise in consolidated net profit for the March quarter, aided by higher income.
KPI Green Energy
KPI Green shares rose as much as 5 percent this week, before paring gains, as the renewable energy company reported strong Q4 FY26 results, with revenue rising 40 percent and profit growing 46 percent year-on-year.
Coforge
Coforge stock jumped near 15 percent this week reason after the company’s Q4 results beat expectations. Brokerages largely remained positive on the stock, citing strong margins, improving cash flows and a healthy order book pipeline.
Source: Moneycontrol, Euronews, BlackRock, The Japan Times and CNBC
