🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• GIFT Nifty & Global Cues: The GIFT Nifty is trading at a premium of over 280 points (approx. 1.18%), indicating a start for the Nifty 50 near the 24,000 mark. Global sentiment improved as crude oil prices dropped to $91–$98 per barrel amid hopes of the Strait of Hormuz reopening.
• Nykaa (FSN E-Commerce): The company reported a stellar Q4 performance with net profit jumping 290% YoY to ₹78 crore. Revenue crossed the $1 billion milestone for the first time, reaching ₹10,022 crore for FY26.
• Adani Power: The company has announced the acquisition of Jaypee Group’s power assets for an enterprise value of ₹4,194 crore, significantly expanding its thermal power portfolio.
• Page Industries: Reported a 4.75% increase in annual net profit to ₹7.64 billion and recommended a massive fourth interim dividend of ₹150 per equity share.
• LIC of India: The insurance giant remains in the spotlight following the announcement of a 1:1 bonus issue, with investors tracking Value of New Business (VNB) growth post-Q4 results.
• FTSE Index Rebalancing: Global index provider FTSE has announced the addition of Tata Capital, Lenskart Solutions, Groww, and Meesho to its All-World and All-Cap indices, effective June 22.

Neutral Developments

• ITC: The FMCG major reported a mixed set of Q4 results with revenue down 7% YoY but net profit up 4.9% at ₹5,113 crore. The board has recommended a final dividend of ₹8 per share.
• Ex-Dividend/Bonus Stocks: Several high-profile stocks will trade ex-date today. TCS (₹31 dividend), LTM (₹53 dividend), and Siyaram Silk Mills (₹4 dividend) go ex-dividend, while PAE Ltd will trade ex-bonus in a 6:1 ratio.
• Union Bank of India: The board is scheduled to meet on May 26 to consider equity fundraising plans; pre-event positioning is expected in today's session.
• Earnings Today: A heavy slate of companies will report Q4 results today, including RVNL, Suzlon Energy, NBCC, Amara Raja Energy, Container Corp, and Aditya Birla Fashion.

Negative News

• Sun TV Network: Shares may face pressure after the company reported a sharp 37.4% year-on-year decline in Q4 net profit to ₹2.32 billion, hit by a 6.2% drop in operational revenue.
• Oil Marketing Companies (OMCs): While lower crude is positive for margins, reports indicate that over ₹1.8 lakh crore in market cap was recently wiped off Indian refinery stocks due to extreme crude price volatility.
• Foreign Institutional Investors (FIIs): Despite the positive opening, data shows FII outflows in 2026 have already crossed ₹2.19 lakh crore, keeping long-term technical indicators cautious.

TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex