POST MARKET
The equity benchmark indices Sensex and Nifty declined sharply on Tuesday, extending losses for the fourth straight session, amid rising crude oil prices and concerns over the ongoing US-Iran tensions. Continued foreign fund outflows and weak global cues also weighed on investor sentiment.
All the sectoral indices on the NSE traded in the red, except metals, oil & gas and PSU banks.
The broader Nifty Smallcap100 and Nifty Midcap100 indices declined 1.26 percent and 0.81 percent, respectively.
STOCKS IN NEWS
ONGC
ONGC and Oil India shares climbed 4.70%, on May 12 after brokerage CLSA termed the government’s royalty cuts on crude oil and gas production as a significant positive for the two companies.
Butterfly Gandhimathi Appliances
Shares of leading kitchen appliance makers rallied sharply 16 percent due to the full financial year FY26, Butterfly Gandhimathi reported a 40.30% jump in net profit to Rs 45.64 crore, while annual revenue rose 9.03% to Rs 943.15 crore.
Premier Energies
Stock of Premier Energies fell 3.77 percent today reason Premier Energies and Syrma SGS Technology have decided not to proceed further with the proposed acquisition of K-Solare Energy. The parties have agreed to terminate discussions with K-Solare amicably, and there are no material financial implications arising from the decision.
SpiceJet
Share of SpiceJet fell near 5 percent,also Travel and hospitality shares extended losses for the second straight session due to PM Modi’s recent appeal on austerity raised concerns over the outlook for travel and hospitality companies, as lower discretionary spending could affect demand in the sector.
Source – Moneycontrol
