The Indian stock market is expected to snap its gaining streak as trends in the Gift Nifty index signalled a negative opening on Thursday. According to reports from Live Mint, Gift Nifty was trading near the 24,442 mark, down over 5 points from the previous close of Nifty futures. This follows Wednesday's strong performance where the Sensex surged 940.73 points, or 1.22%, to finish at 77,958.52, while the Nifty 50 climbed 298.15 points, or 1.24%, to settle at 24,330.95. The late-session buying was driven by reports that the US and Iran were close to reaching a deal to end their conflict.
Several stocks are expected to remain in focus today due to their quarterly results announcements. As reported by Live Mint, BSE, Britannia Industries, Bharat Forge, MRF, and Lupin will declare their Q4 results 2026 today. Additionally, Coforge, L&T, M&M, KEC International, and Ajanta Pharma will remain in focus on May 6 following their quarterly earnings announcements. These companies are among the top 10 stocks that will remain in focus on Thursday, 7 May, despite the negative market opening signals.
Coforge delivered exceptional financial results with a consolidated net profit of ₹612 crore for the quarter ended March, compared with ₹250 crore in the corresponding period last year, marking a 144% year-on-year rise. According to Live Mint, Paytm's parent company also delivered strong performance with a net profit of ₹184 crore in the fourth quarter, against a loss of ₹540 crore in the corresponding period last year. PB Fintech showed robust growth with net profit surging 54% year-on-year to ₹261 crore from ₹170 crore, while revenue increased 37% to ₹2,061 crore. Ajanta Pharma posted a net profit of ₹267 crore during the quarter ended March 2026, up from ₹225 crore a year ago, with revenue increasing to ₹1,422 crore from ₹1,170 crore.
Meesho demonstrated significant improvement in its financial position, reducing its consolidated losses to ₹166 crore in the quarter ended March, compared with ₹1,391 crore in the corresponding period last year, marking an 88% decline. As reported by Live Mint, Radico Khaitan posted strong fourth-quarter earnings with net profit almost doubling to ₹179.5 crore in the March quarter from ₹92 crore in the corresponding period last year. Shree Cement posted a 4.3% year-on-year fall in net profit to ₹532 crore in the fourth quarter of FY26, against ₹556 crore reported in the corresponding quarter of FY25.
Coforge announced that its merger with Cigniti Technologies has become effective after filing the National Company Law Tribunal order, with the record date for the share swap to be announced separately. KEC International secured fresh orders worth ₹1,002 crore across transmission and distribution, transportation, renewables and cable businesses. Larsen & Toubro reported a net profit of ₹3,737 crore for the fourth quarter, compared with ₹2,437 crore in the year-ago period, and announced a dividend of ₹33 per share. Mahindra & Mahindra reported a net profit of ₹5,326 crore for the quarter ended March 2026, against ₹5,497 crore in the same quarter last year, with revenue increasing to ₹82,762 crore from ₹74,392 crore.
