13/05/26, How Import duty to 15% impact Precious Metals

The import duty hike is likely to impact gold and gold-related investment schemes sharply. As per experts, one of the cascading effects could be a spur in the grey market due to the sharp hike on gold duty to 15% from 6%.

Not just that gold prices are expected to surge further, which could impact physical gold demand. If prices continue to soar, gold ETFs are also expected to face certain shocks. Nonetheless, India's fundamental structural demand for gold is resilient in the long term.

Gold Import Duty Hike:

In a surprising move, the government hiked import duty on gold to 15%, which comprises 10% basic custom duty and 5% Agriculture Infrastructure and Development Cess (AIDC). Gold duty is hiked after more than two years. In Union Budget 2024, the government reduced customs duties to 6% on gold from 15%. That time, macro conditions were comfortable.

"The hike in customs duty on gold and silver from 6% to 15% is a measured policy response to a genuine forex challenge, and it must be read alongside the Prime Minister's appeal earlier this week as part of a single, coordinated effort to conserve India's foreign exchange reserves through an extraordinary external environment," said Anindya Banerjee, Head of Commodity and Currency Research, Kotak Securities.

Customs Duty Hike Impact On Physical Gold, Gold ETFs, Gold Coins, Jewellery, More

Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd., President of India Bullion and Jewellers Association Ltd told GoodReturns, the government raised the effective import duty on gold and silver to 15% from 6%, to curb inbound shipments amid a rising import bill and West Asia crisis pressure. The higher duties are expected to push domestic bullion prices further, weigh on jewellery stocks, and soften consumer demand - particularly as gold prices are already elevated.

"Demand for gold coins and ETFs could also moderate over time if prices continue rising sharply. WGC estimates suggest that every 1% rise in import duty reduces consumer gold demand by approximately 6.4 tonnes - implying a cumulative 9-percentage-point hike could suppress demand by ~57 tonnes annually," said Kothari.

Gold Rates In India Today:

On May 13, right after the import duty was hiked, gold rates in India witnessed one of the strongest rally of 2026. 24 carat gold prices jumped above the roof with 10 grams gold surging by Rs 13,910 to Rs 1,67,890 and 100 grams gold skyrocketing by Rs 1,39,100 in 1 day to Rs 16,78,900.

Also, 22 carat gold of 10 grams gold soared by Rs 12,750 to Rs 1,53,900 and 100 grams gold zoomed by a whopping Rs 1,27,500 to Rs 15,39,00 per 100 grams. Further, 10 grams gold of 18 carat zoomed by Rs 10,430 to Rs 1,25,920 and 100 grams gold here is up by Rs 1,04,300 to Rs 12,59,200.

Gold ETFs Today:

Most of gold ETFs in India also recorded robust single-day surge on May 13. Among the top performers are --- Union Gold ETF, SBI Gold Exchange Traded Scheme, Axis Mutual Fund - Axis Gold Exchange Traded Fund, ICICI Prudential Gold ETF, Quantum Gold Fund - Exchange Traded Fund (ETF), DSP Gold ETF, Nippon India ETF Gold BeES, Tata Gold Exchange Traded Fund, Kotak Gold Exchange Traded Fund, and Groww Gold ETF who have gained by 6% to 8%.

Gold Duty Hike To Push Rise In Gold Smuggling?

Gold buying and selling in the grey market is expected to rise due to the latest import duty hike. In simple words, "grey market" means "dark market," where goods and services are traded through unofficial and unauthorized channels. These are not regulated and are highly risky.

"Higher import duties could also revive gold smuggling, which had eased substantially after the 2024 duty reduction," said Kothari.

Along similar lines, Adib Noorani, an independent market expert said, grey markets are likely to become active, as the incentives to bring in gold illegally are high. smuggling is likely to grow, setting up a parallel economy in the country.

Gold Rates Outlook:

As per Noorani, import duty hike is a tactical fiscal measure to stabilize the trade balance, though it poses temporary volume challenges and margin pressures for the jewellery sector. While the immediate price shock may temper discretionary buying, India's fundamental structural demand for gold as a strategic asset remains a resilient long-term driver.

Explaining in detail, Banerjee said, what we are seeing in domestic prices today is a mechanical re-pricing to a new import parity, not a fundamental rally. The duty is now a fixed cost embedded in the price. From here, gold and silver in India will continue to be driven by what they have always been driven by - the international LBMA spot price, the USD/INR exchange rate, and the domestic premium or discount over import parity. The duty has done its job and become a sunk cost.

Our structural view on gold and silver remains constructive. Banerjee added, "the global de-dollarisation theme, central bank buying, and currency-debasement hedging are all multi-year drivers that operate independently of any domestic tax decision. We expect international gold to move towards $6,000 an ounce over the next 12 to 18 months, with silver positioned as a meaningful beneficiary alongside."

Report by Puja Jaiswar of goodreturns.in

13/05/26, Analyst Vikas Pershad view on Large-Cap stocks

Amid heightened volatility in the Indian stock market triggered by tensions in West Asia and global economic uncertainty, investment expert Vikas Pershad has advised investors to remain cautious about certain sectors while focusing on long-term opportunities.

Speaking to NDTV Profit on Wednesday, Pershad said sectors such as large-cap FMCG companies, IT services firms, and private banks are currently facing pressure and may not offer the strongest near-term growth prospects compared to other segments of the market.

Pershad noted that capital is increasingly moving toward sectors with stronger earnings visibility and structural growth potential, including healthcare, defence, precision manufacturing, and auto components. According to him, several traditionally defensive sectors are struggling to maintain momentum in the current environment. He said large-cap FMCG companies continue to face challenges, while IT services firms are dealing with slower global demand and uncertainty in international markets. He also indicated caution toward private banking stocks, suggesting investors remain selective in the sector.

The portfolio manager observed that many stocks have delivered sharp gains over the past six weeks despite broader market uncertainty. However, he explained that part of the rally could be attributed to recovery from steep declines witnessed since September 2024, when several companies experienced heavy selling pressure. Pershad stated that some recent gains were likely technical rebounds from oversold levels rather than indications of a complete market recovery. He stressed the importance of careful stock selection instead of broad-based investing during volatile periods.

Pershad also encouraged investors to adopt a long-term investment approach in India, particularly outside the largest market capitalisation companies. He said investors willing to conduct detailed research and remain patient for several years could still generate healthy absolute returns from Indian equities. According to him, opportunities remain strong in emerging sectors linked to domestic manufacturing growth, healthcare expansion, and government-led industrial initiatives.

Indian equity markets have recently faced significant pressure due to concerns surrounding geopolitical tensions involving the United States and Iran, rising crude oil prices, and persistent foreign institutional investor outflows. Benchmark indices such as the BSE Sensex and NIFTY 50 have recorded sharp declines in recent trading sessions, while the Indian rupee has weakened against the US dollar. Mid-cap stocks, IT companies, and consumption-driven businesses have been among the worst affected sectors during the ongoing correction.

Despite the short-term uncertainty, market analysts continue to view India as an attractive long-term investment destination due to strong domestic consumption, infrastructure spending, and manufacturing growth. Pershad's comments reflect a growing view among global investors that while market volatility may persist in the near term, selective investing in sectors with strong structural demand could continue to offer meaningful opportunities for patient investors over the coming years.

Report by The Indian Witness 

13/05/26, Gold surge over 7% after hike in import duty to 15%

Gold: The yellow metal is trading marginally higher in the international market as Gold spot prices traded around $4,707 per ounce, up 0.4%. Meanwhile, Silver traded 2.4% higher at $87.7 per ounce in the US markets. Gold prices are trading in a range as investor sentiment remains fragile amid fading hopes of the US-Iran peace deal. Earlier this week, US President Donald Trump said that negotiations with Iran are on "life support" after Iran rejected the US-backed peace proposal aimed at ending the conflict and reopening the Strait of Hormuz.

Crude oil:

 International crude oil prices are trading marginally lower, with Brent Futures trading around $107 per barrel, down 0.7%, while WTI Crude traded 0.9% lower, around $101. Oil prices eased after rising in the previous three trading sessions as investors assessed the Strait of Hormuz situation, which largely remains shut to commercial traffic after the US-Iran war. Investors are also looking forward to Donald Trump meeting with Xi Jinping in China.

Technical view

MCX Gold futures in India have given a strong breakout on the hourly chart, moving sharply above the key resistance zone of ₹154,934. The price is also trading well above the 20 and 50 moving averages, which confirms bullish momentum. The ADX is above 40, comfortably higher than the 25 threshold, indicating a strong trending move. However, following the sharp rise, the risk-reward ratio for new long positions has become unfavourable.

Silver has delivered a strong breakout on the hourly chart and is trading comfortably above the 20 and 50 moving averages. The sharp move shows strong buying momentum, with the price now consolidating near higher levels after the breakout. The ADX is at 40.29, well above the 25 threshold, which confirms strong trend strength. On similar lines of gold, the risk-reward for fresh long has turned unfavourable.

MCX Crude Oil has reclaimed the immediate resistance for ₹9,658 and is trading above both the 20 and 50 moving averages. The ADX is around 32, comfortably above the 25 mark. This indicates that the current trend has strength. However, the rising channel structure suggests a risk to the current upmove. A break below ₹9,614 will signal breakdown of the rising channel.

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Disclaimer:

13/05/26, PostMarket REPORT

The Indian equity benchmarks snapped their four day losing streak on Wednesday, May 13, powered by gains in heavyweights like Tata Steel, Hindalco, Bharti Airtel, Asian Paints and Bharat Electronics.

The SENSEX traded in a band of 1,057 points and NIFTY50 index touched an intraday high of 23,583 and a low of 23,262 before closing with minor gains as investor sentiment turned cautious after rupee hit a new record low of 95.75 against the US dollar.

The NIFTY50 index ended 33 points higher at 23,413 and SENSEX advanced 50 points to close at 74,609.

Asian markets ended higher side-lining sombre trend in US markets and a spike in crude prices. Japan's Nikkei advanced 0.94%, China's Shanghai Composite rose 0.67% and Hong Kong's Hang Seng advanced 0.15%.

Back home, seven of 15 sector gauges compiled by the National Stock Exchange (NSE) ended higher led by the NIFTY Metal index's 3.2% gain. NIFTY Consumer Durables, Oil & Gas, FMCG and Pharma indices also rose between 0.3% and 1.7%.

On the flip side, NIFTY Auto, IT, Bank and Financial Servives indices closed lower.

Broader markets were outperformed their larger peers as NIFTY Midcap 100 index advanced 0.8% and NIFTY Smallcap 100 index advanced 0.31%.

Among the individual shares, Berger Paints rose as much as 9.27% to ₹533.35 per share after it posted a 27.75% rise in consolidated profit after tax to ₹334.77 crore for the March quarter of FY26 due to improvement in product mix and softening of raw material prices. The company had reported a profit of ₹262.05 crore a year back, according to a regulatory filing.

Revenue from operations climbed 6.06% to ₹2,868.03 crore in Q4 FY26, compared to ₹2,704.03 crore in the same period of the previous fiscal year.

Shares of the Multi-Commodity Exchange of India (MCX) rallied as much as 3.4% to hit a lifetime high of ₹3,265 amid a surge in MCX gold and silver prices, as the government increased import duties on precious metals to 15%. Furthermore, MCX reported a fourfold increase in its profit in the latest March quarter.

Asian Paints was top gainer in the NIFTY50 index, the stock climbed 4.37% to close at ₹2,615, mirroring gains in other paint makers.

Adani Enterprises, Tata Steel, Hindalco, Bharat Electronics, Cipla, Adani Ports and JSW Steel also rose between 1.95% and 4.07%.

On the other hand, Eicher Motors, Mahindra & Mahindra, Infosys, Tech Mahindra, Sun Pharma and Power Grid were top losers in the NIFTY50 index.

The overall market breadth was positive as 1,962 shares ended higher while 1,303 closed lower on the NSE.

Report by Upstox,  source: Dailyhunt

13/05/26, Gold import duty hike: Shares of jewellery companies and bullion prices were on investors' radar on Wednesday, May 13, as the government has increased import tariffs on gold and silver to 15% from 6% to curb overseas purchases of the precious metals and ease pressure on the country's foreign exchange reserves.

 

The hike in import duty comes into effect from May 13.

Among jewellery stocks, Titan Company shares were trading flat with a negative bias at ₹4,053.80 apiece on the NSE, while Kalyan Jewellers India slipped up to 5.87% to ₹340.55. Senco Gold was trading 0.56% lower at ₹310.70, and Thangamayil Jewellery was trading nearly 3% lower at ₹3,562.20.

The higher duties could dampen demand in the world's second-largest consumer of precious metals, though they may help narrow India's trade deficit and support the rupee, one of Asia's worst-performing currencies.

However, according to media reports, industry officials warned that higher import taxes could revive smuggling, which had eased after India reduced tariffs in mid-2024.

The government has imposed a 10% basic customs duty along with a 5% Agriculture Infrastructure and Development Cess (AIDC) on gold and silver imports, taking the effective import tax to 15% from 6%.

"As expected, the government has raised duties to curb the current account deficit. However, this could affect demand, as gold and silver prices were already elevated," said Surendra Mehta, National Secretary at the India Bullion and Jewellers Association.

Prime Minister Narendra Modi on Sunday urged citizens to avoid gold purchases for a year to help protect foreign exchange reserves. India meets nearly all of its gold consumption through imports.

Impact explained

The government's decision to raise the effective import duty on gold and silver to 15% from 6% is expected to push domestic bullion prices higher and weigh on sentiment for jewellery stocks in the near term.

India imports most of its gold requirement, and a higher import tax directly increases the landed cost of the precious metal. As a result, domestic gold prices could rise further even if international bullion prices remain stable.

The move may also lead to higher domestic premiums and softer jewellery demand, especially as gold prices are already trading at elevated levels. Demand for gold coins and ETFs could also moderate over time if prices continue to rise sharply.

Higher domestic premiums mean gold in India may trade at a bigger markup compared to international prices.

Impact on jewellery stocks

Shares of listed jewellery companies could remain under pressure as higher gold prices may hurt discretionary spending and reduce consumer purchases.

Stocks likely to remain in focus include:

• Titan Company
• Kalyan Jewellers
• Senco Gold
• PC Jeweller

Jewellery stocks had already witnessed selling pressure earlier this week after Prime Minister Narendra Modi urged citizens to avoid non-essential gold purchases for a year to help conserve foreign exchange reserves.

Organised players may fare better

Analysts note that while the near-term outlook appears negative, large organised jewellers could eventually gain market share from smaller unorganised players.

Branded retailers are generally better placed to manage inventory costs and hedge against price volatility. In addition, consumers tend to prefer trusted and established brands during periods of sharp price swings.

Higher gold prices also increase the absolute value of transactions, which could support revenue growth for organised jewellery chains despite slower volume growth.

As a result, the near-term sentiment for jewellery stocks may remain weak; however, medium-term trends could favour larger organised players such as Titan Company and Kalyan Jewellers.

Which segments could benefit?

Gold financing companies and NBFCs, according to analysts, may see higher collateral values as gold prices rise.

Key details

India's gold imports surged more than 24% to an all-time high of $71.98 billion in 2025-26. In volume terms, however, the shipments dipped 4.76% to 721.03 tonnes in 2025-26.

The prices of gold have risen from $76,617.48/KG in FY25 to $99,825.38/KG in FY26.

In the national capital, the price of gold increased by ₹1,500, or nearly 1%, to ₹1,56,800 per 10 grams on Tuesday from Monday's closing level of ₹1,55,300 per 10 grams. Silver prices also advanced by ₹12,000, or 4.53%, to ₹2,77,000 per kg.

In the international market, spot gold slipped $42.33, or 1%, to $4,692.64 per ounce while silver fell 3.04% to $83.49 per ounce.

Gold import duty: How the rules have changed

The government in the 2024-25 budget had cut customs duty on gold to 6% to boost the domestic gems and jewellery industry, curb illegal smuggling, and bring down local prices.

India had, in 2022, raised gold import tax to 15% to check CAD (capital account deficit) amid a falling rupee due to the Russia-Ukraine war that began in February 2022.

India is the world's second-biggest gold consumer after China. The imports are largely driven by the jewellery industry.

What CEA said

Chief Economic Advisor V Anantha Nageswaran, on Tuesday, said that the ongoing West Asia crisis is a "live balance of payments stress test", with direct consequences for inflation, the current account, and the exchange rate.

BoP (balance of payment) is the difference between inflows into and outflows of foreign exchange from the country in a particular period of time.

The Indian rupee hit a record low of 95.63 against the US dollar on Tuesday.

Report by Upstox with inputs from PTI

Disclaimer: This article is purely for informational purposes and should not be considered investment advice. Please consult with a financial advisor before making any investment decisions.

13/05/26, SBI vs HDFC Bank

 

HDFC Bank vs SBI: After several months of underperformance driven by global uncertainty and domestic headwinds, banking stocks are once again coming back into focus, with renewed investor interest building across the sector.

The Nifty Bank Index, which tracks India's leading and most liquid banking stocks, has declined over 4 per cent over the past month, extending its weak performance across the 3-month, 6-month and 12-month periods.

Timeframe	% Change
1 Week	-1.8%
1 Month	-4.2%
3 Months	-11.83%
6 Months	-8.1%
1 Year	-3.3%
5 Years	65.03%

Because of their large weight in the index, any rebound in major lenders like HDFC Bank and State Bank of India could significantly lift the broader banking sector. After their most recent quarterly updates, both stocks have regained attention, with investors closely watching for early signs of a recovery across the sector.

State Bank of India (SBI) VS HDFC Bank

Below is a comparative snapshot of State Bank of India (SBI), the country's largest public-sector lender, and HDFC Bank, India's leading private-sector bank, across key operational, financial, and market-related parameters:

Brokerage View

HDFC Share Price Target 2026

Jefferies maintains a BUY on HDFC Bank with a Rs 1,050 target price, implying 39 per cent upside.

The brokerage highlights that the profit is in line with estimates despite softer topline, offset by efficiencies, lower credit costs, and treasury gains. Deposit growth remains key. Credit quality is stable; expects 15 per cent PBT CAGR (ex-treasury). Bank remains a top pick.

SBI Share Price Target 2026

Emkay maintains BUY on State Bank of India with a target price of around Rs 1,225, implying around 26 per cent upside.

Emkay notes that growth remains strong, though margins disappoint due to low-yield corporate mix and repo cuts. Asset quality is improving.

On the outlook side, FY27 credit growth is guided at 13-15 per cent, NIM around 3 per cent. FY27E earnings cut 6 per cent, RoA around 1 per cent, RoE around 15 per cent. Risks include slowdown and treasury losses.

Stock Name	Brokerage	Stock Recommendation	Share Price Target	Upside%
HDFC Bank	Jefferies	BUY	Rs 1,050	~39%
State Bank of India (SBI)	Emkay	BUY	Rs 1,225	~26%

Q4 Results

Metric	SBI Q4 Results	HDFC Bank Q4 Results
Net Profit (Q4 FY26)	19,684 crore (+6% YoY)	20,350.76 crore (+8.04% YoY consolidated)
Net Profit (Standalone YoY)	18,643 crore	19,221.05 crore
Total Income	1,40,412 crore	89,809 crore
Profit before tax	26,076crore	102,141
Gross NPA	1.49%	1.15%
Dividend Payout	19%	31%
Dividend	Rs 17.35 per share	Rs 13 per share

Both State Bank of India and HDFC Bank delivered steady profit growth in Q4 FY26, with HDFC Bank showing slightly stronger earnings growth and better asset quality (lower GNPA). SBI has a higher total income and scale, while HDFC leads in profitability efficiency and higher dividend payout.

Banking stocks share price

HDFC Bank Share Price

The stock of India's largest private bank slipped over 1 per cent in the previous session to settle at Rs 755. The company's market capitalisation currently stands at Rs 11,62,362.96 crore.

SBI Share Price

The stock of India's biggest banking stock settled 0.3 per cent, or Rs 2.5 higher, at Rs 976.10 on May 12. The bank has a market capitalisation of Rs 9,01,000.58 crore.

Stock Price CAGR Comparison

Period	State Bank of India	HDFC Bank
10 Years	18%	10%
5 Years	22%	2%
3 Years	19%	-3%
1 Year	22%	-22%

CAGR (Compound Annual Growth Rate) is the smoothed annual return rate of an investment over a period, assuming profits are reinvested.

State Bank of India shows consistently strong long-term growth, while HDFC Bank has underperformed recently, especially over 3-5 years, despite historical strength. SBI currently demonstrates superior momentum.

Bottom Line

The State Bank of India demonstrates stronger long-term momentum and scale, while HDFC Bank remains efficient with better asset quality. Overall sentiment is improving, supported by stable earnings and attractive upside potential.

Report by EconomicTimes

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. We suggest its readers/investors to consult their financial advisors before making any money-related decisions.)

13/05/26, The Financial Express report on Today's Market

After a sharp sell-off in the previous session, Indian markets are likely to start Wednesday on a muted note. Early signals from GIFT Nifty indicate a flat to muted opening, with the index trading 0.16% lower at 23,386 in early trade.

Global cues are expected to remain on investors' radar, with market participants tracking developments across West Asia, movement in crude oil prices, and trends in the US dollar. Asian market performance and foreign institutional investor activity are also likely to influence sentiment during the session.

On the domestic front, quarterly earnings announcements from listed companies will continue to drive stock-specific moves, with investors closely monitoring management commentary and business outlooks.

Previous session: Markets end lower

The domestic equity markets ended sharply lower on Tuesday, extending losses for the fourth consecutive session. The Nifty declined 436 points, or 1.83%, to close at 23,379.55, while the Sensex tumbled 1,456 points, or 1.92%, to settle at 74,559.

Key global and domestic cues to watch on May 13, 2026

Asian markets

Asia-Pacific markets opened on a weak note on Wednesday, with most major indices trading lower. Japan's Nikkei 225 declined 0.52%, while the broader Topix index managed to edge up 0.28%. In South Korea, the Kospi fell 2.15% and the small-cap Kosdaq slipped 0.74%. Australia's ASX 200 also traded lower, down 0.56% in early deals.

US Market

Wall Street ended on a lower note during Tuesday's session, with both the S&P 500 and Nasdaq Composite retreating from their record levels. The S&P 500 slipped 0.16%, while the tech-heavy Nasdaq Composite declined 0.71%. In contrast, the Dow Jones Industrial Average managed to stay in positive territory, rising 56.09 points, or 0.11%.

US dollar

The US Dollar Index (DXY), which measures the dollar's value against a basket of six foreign currencies, was trading 0.02% up at 98.32 on Wednesday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc.

Rupee

The rupee appreciated 0.33% to close at 95.63 to the dollar on May 12.

Crude oil

Crude oil prices traded lower in early deals on Wednesday. West Texas Intermediate (WTI) crude slipped 0.57% to $101.56 per barrel, while Brent crude declined 0.61% to $107.16 per barrel.

Indian government raises import duty on precious metals

The central government has increased the customs duty on gold, silver and several other precious metal imports through a notification issued late Tuesday night. The revised rates came into effect from midnight and cover a wide range of products, including precious metals, jewellery components and certain industrial-use imports.

Following the revision, the total import duty on gold and silver has been raised to 10% from the earlier 6%. Platinum and related products used in jewellery manufacturing, such as hooks, clasps, pins and screw backs, will also now attract a 10% duty.

Gold rate today

In the international market, gold was trading at $4,732 per ounce.

Gold prices in India remain in sharp focus. On the MCX, June 5, 2026, gold futures were trading at Rs 1,53,417 per 10 grams in the latest update.

Silver rate today

Silver (XAG/USD) extended its rally. In the international market, silver was trading at around $88 per ounce.

FII, DII data

Foreign investors remained net sellers in the Indian market on May 12. FIIs/FPIs sold equities worth Rs 1,959 crore during the session.

On the other hand, domestic institutional investors continued to provide support. DIIs purchased shares worth Rs 7,990 crore

Key sectoral gainers in last trading session

In the last trading session, the Metals - Non Ferrous sector managed to stay in the green, rising 1.2%. Meanwhile, the Mining sector remained largely flat with a marginal decline of 0.12%, while REITs & InvITs also slipped slightly by 0.21%.

Best and worst performing business group in last trading session

In the last trading session, several business group stocks remained under pressure, though a few managed to end with gains. The Essar Group rose 4.87%, emerging as the top gainer among the tracked groups, while the Vedanta Group also advanced 2.01%. The Adventz Group saw a marginal rise of 0.47%.

On the losing side, the Shapoorji Pallonji Group declined 4.92%, while the Jaypee Group slipped 5.12%. The Somany Group recorded the sharpest fall among the listed groups, dropping 5.48% in the last trading session.

13/05/26, Stock market today: Benchmark indices - Sensex and Nifty 50 - extended their losing streak to a fourth straight session on Tuesday, May 12, weighed down by mixed global market signals.

 The 30-share Sensex plunged 1,566 points, or 2%, to hit an intraday low of 74,449, while the Nifty 50 also slipped 2% to touch the day's low of 23,348. By the close, the Sensex had settled 1,456 points, or 1.92%, lower at 74,559.24, while the Nifty 50 declined 436 points, or 1.83%, to finish at 23,379.55.

However, the market is likely to snap its losing streak as trends in the Gift Nifty index signalled a flat opening on Wednesday. Gift Nifty was trading near the 23,444 mark, up over 21.50 points from the previous close of Nifty futures.

"After two consecutive heavy selloff sessions, Indian markets are likely to witness a relatively flat start today, with Gift Nifty opening near the 23,391 zone. However, despite indications of a stable opening, overall sentiment continues to remain fragile as global risk factors and elevated volatility keep traders cautious," said Hariprasad K, SEBI-registered Research Analyst and Founder, Livelong Wealth.

As the market is pointing towards a negative start, some stocks are likely to remain in focus  due to their own positive/negative triggers.

Stocks to Watch

Amid this backdrop, these are the top 10 stocks that will remain in focus on Wednesday, 13 May -

Bharti Airtel, Tata Motors, TVS Motor Company, Hindustan Petroleum Corporation, Oil India, Cipla

Shares of Bharti Airtel, Tata Motors, TVS Motor Company, Hindustan Petroleum Corporation, Oil India, Cipla will remain in focus as companies will declare Q4 results today.

Vodafone Idea

The telecom service provider said its board is scheduled to meet on May 16 to review the company's fourth-quarter earnings and consider a fundraising proposal. The board will assess raising capital through the preferential issuance of equity shares or warrants.

Tata Power

The company posted a 4.5% year-on-year decline in its fourth-quarter earnings, with net profit dropping to ₹996 crore from ₹1,043 crore a year earlier.

Torrent Power

The company posted a steep drop in fourth-quarter net profit, which declined 70% year-on-year to ₹318.2 crore, compared with ₹1,060 crore in the same period last year.

Nazara Technologies

The company posted a significant rise in its fourth-quarter net profit, which surged to ₹55.7 crore from ₹4.1 crore in the corresponding period last year.

Dr Reddy's

The pharma major posted a steep drop in its fourth-quarter earnings, as net profit plunged 86.2% year-on-year to ₹220 crore, compared with ₹1,587.3 crore in the same period last year.

Dixon Technologies

The company posted fourth-quarter revenue of ₹10,510 crore. EBITDA stood at ₹408.4 crore, surpassing the poll estimate of ₹372 crore, while the margin came in at 3.9%, higher than the expected 3.6%.

Rail Vikas Nigam

RVNL has secured the lowest bidder (L1) position for an EPC contract valued at ₹221.3 crore from the South East Central Railway.

PNC Infratech

The company said it has signed a settlement agreement with the National Highways Authority of India involving a one-time settlement amount of ₹234.99 crore under the Government of India's 'Vivad Se Vishwas II (contractual disputes)' scheme.

United Breweries

The company stated that the Maharashtra Sales Tax Tribunal has reduced a tax demand order of ₹275 crore to nil.

Source: Mint, Dailyhunt 

Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.

12/05/26, PostMarket REPORT

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.

At around 3 pm, the Sensex was down 1,467.26 points or 1.93 percent to 74,548.02, while the broader market declined to 23,383.05, down 432.80 points or 1.82 percent.

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.

Bank Nifty was down up to 1 percent, while Nifty IT tumbled 3.3 percent ahead of U.S. inflation data, with ,TCS ​Infosys, HCLTech and Wipro down between 2.5 percent and 4 percent.

 ONGC and ​Oil India climbed 6 percent and 6.6 percent, respectively, after brokerage CLSA termed the government's royalty cuts on crude oil and gas production as a ​significant positive for the two companies.

Key factors behind market decline

1) Rise in crude oil prices: Brent crude, the global oil benchmark, rose 2.45 percent to USD 106.75 per barrel. Higher crude prices are seen as negative for India, which imports a large portion of its oil requirements, as they can increase inflationary pressures and impact growth and corporate earnings.

2) US-Iran tensions: Investor sentiment remained weak amid fresh concerns over the US-Iran conflict. US President Donald Trump on Monday said the ceasefire with Iran was at its "weakest" and on "massive life support", a day after he rejected Tehran's proposal to end the months-long war as "totally unacceptable". Market experts said fears of further disruption in global oil supplies due to the prolonged conflict continued to keep investors cautious.

3) Sharp selling pressure in IT shares: IT shares came under heavy selling pressure on Tuesday, dragging the Nifty IT index down 3.7 percent to its lowest level since May 2023. The sharp selling pressure emerged a day after OpenAI said it is launching a new company backed by more than USD 4 billion so help organizations build and deploy AI. 

Heavy selling in information technology (IT) shares further dragged the markets lower. IT stocks hold significant weight in the Nifty 50 index, and sharp declines in the sector exert pressure on the broader market.

4) PM austerity measures: Bengaluru-based real estate and jewellery shares continued to see selling pressure for second straight day after PM Modi exhorted Indians to curb gold purchases for next one year and work from home to temper the fuel crisis amid West Asia conflict.

"We believe that the PM's speech should be considered as market signalling before the actual measures are announced in the coming weeks if the conflict continues. Such fiscal and monetary measures would cushion the currency (INR) from further depreciation," said JM Financial.

5) Rupee declines: The rupee depreciated 35 paise to hit a record low of 95.63 against the US dollar amid rising crude oil prices and concerns over the West Asia conflict. At the interbank foreign exchange market, the rupee opened at 95.57 against the dollar and later slipped further to 95.63, down 35 paise from its previous close.

6) Rise in India Vix: India VIX, the market's fear gauge, rose 2 percent to 18.87. A rise in volatility index reflects increasing uncertainty among investors and indicates heightened market volatility in the near term.

"The ongoing US-Iran conflict continues to weigh on global sentiment, keeping risk appetite subdued across financial markets and resulting in heightened headline-driven volatility across equities and commodities. Investors remain wary as uncertainty surrounding the duration and potential outcome of the conflict continues to cloud market confidence," Ponmudi R, CEO of Enrich Money, said.

7) Jitters ahead of inflation data: Investors are also awaiting India's April retail inflation data, scheduled to be released later in the day, for cues on the inflation outlook and the possible impact of rising crude oil prices on the economy.

8) Persistent FII selling: Foreign Institutional Investors (FIIs) offloaded equities worth Rs 8,437.56 crore on Monday. Sustained foreign fund selling impacts market sentiment and exerts pressure on benchmark indices due to heavy withdrawals from domestic equities.

9) Weekly expiry: Tuesday being the weekly expiry of Nifty derivatives contracts also contributed to volatility. On expiry days, traders square off or roll over positions in the futures and options segment, leading to sharp intraday swings.

10) Weak global trends: In Asian markets, South Korea's Kospi and China's Shanghai SSE Composite index were trading lower. Wall Street futures too indicated a weak opening for US markets.

Report by Paras Bist of Network18 

12/05/26, Q4 results, Crude Oil & Gold news

 👉A fresh set of companies will declare their earnings for the January-March quarter of the financial year 2025-26 on Tuesday, May 12. The list includes integrated power utility Tata Power, pharmaceutical player Dr Reddy's Laboratories, electronics manufacturing services provider Dixon Technologies, holding company Max Financial Services, integrated power utility Torrent Power, paints maker Berger Paints India, apparel manufacturer KPR Mill and drug maker Neuland Laboratories👈

👉Crude oil prices in the global market were trading above $105 per barrel (bbl) during the early market hours on Tuesday, May 12, after concerns loomed over around a 'weak' ceasefire deal between the United States and Iran.

The latest media report suggests that US President Donald Trump, after rejecting Iran's response to the US proposal for a peace deal, said that the ceasefire deal between the two nations at war is looking weak.

Oil prices benchmark, Brent crude oil futures, surged to an intraday high of $105.99 per bbl during Monday's trading session, after the energy prices opened for trading at $104 per bbl on the escalating tensions in West Asia.

The West Texas Intermediate (WTI) crude oil prices surged to above the psychological mark of $100 per bbl on Monday's trading session, after opening around $98.19 per bbl.

Oil prices today

At 7:45 am (IST), the Brent crude oil futures were trading 0.96% higher at $105.24 per bbl on Tuesday, compared to $104.21 per bbl at the previous market close, according to Investing.com data.

The exchange data also showed that the oil prices have lost 4.22% in the past one-week period, but the rates remained over 10% elevated in the last one month.

WTI crude oil prices were trading 1.19% higher at $99.24 per bbl as of 7:46 am (IST) on Tuesday, compared to $98.07 per bbl at the previous market close, according to the exchange data.

👉Ceasefire deal concerns

Oil prices remained elevated on Tuesday's market, India time, as investors continued to remain cautious amid the dynamic sentiment across the asset classes and the weak global cues due to an absence of a potential peace deal.

According to a CNN report, President Donald Trump told reporters at the White House that the monthlong ceasefire between the United States and Iran is on a "massive life support" as the Western leader termed the same as "unbelievably weak".

"I would say the ceasefire is on massive life support," Trump said.

Since the ceasefire came into effect, both sides have somewhat engaged in a standoff against each other in the Strait of Hormuz, as the key trading route remains closed amid a US blockade of Iranian ports.

Focus will now remain on any positive development from the West Asian front, while Trump now looks forward to visiting China to meet President Xi.

👉Gold prices today

At 10:17 pm (ET), the New York Mercantile Exchange-based COMEX gold prices were trading 0.23% higher at $4,739.50 per ounce on Monday evening, compared to $4,728.70 per ounce at the previous commodity market close, as per the official data.

The gold prices have gained 4.5% over the last five days, but are down 7% over the last three-month period.

Gold prices were trading higher on Tuesday's market despite an elevated dollar rate, as investors continued buying safe-haven assets like gold and the benchmark US dollar amid the rising tensions in West Asia.

Data collected from the Bloomberg US dollar spot index (DYX) showed that the greenback was up 0.16% to 98.115 as of 10:18 pm (ET) on Monday, compared to the previous currency market close.

Traders tend to shift their bets from emerging markets into safe-haven assets as the rising geopolitical environment reduces their risk appetite, fuelling demand for certain assets and commodities in the market.

Source: Upstox,  Dailyhunt

Disclaimer: This article is purely for informational purposes and should not be considered investment advice. Please consult with a financial advisor before making any investment decisions.