Indian equity markets traded with minor gains in morning trade on Tuesday, May 26, with the S&P BSE Sensex advancing 84.65 points or 0.11% to 76,568.01 and the Nifty 50 index adding 22.45 points or 0.09% to 24,054.15. The Nifty traded above the 24,050 mark, supported by crude oil prices slipping below the $100-per-barrel mark and encouraging developments in U.S.-Iran talks. Metal shares extended gains for the fifth straight session, with the Nifty Metal index jumping 0.95% to 13,472.85 and rising 2.31% in five trading sessions. The broader market outperformed with the BSE 150 MidCap Index adding 0.80% and the BSE 250 SmallCap Index jumping 1.22%. Market breadth remained strong with 2,446 shares rising and 1,211 shares falling on the BSE.
Several companies are set to announce their quarterly results today, with Bata India, Physicswallah, Cello World, Concord Drugs, Aditya Infotech, Cummins India, GMR Airports, OnEMI Technology Solutions, PC Jeweller, PG Electroplast, Supriya Lifescience, and Swan Defence and Heavy Industries releasing their quarterly earnings today. According to reports from Moneycontrol, Bharat Dynamics, Alkem Laboratories, Ashok Leyland, Deepak Fertilisers & Petrochemicals Corporation, Enviro Infra Engineers, Finolex Cables, Gaudium IVF and Women Health, Gujarat Pipavav Port, Graphite India, Happiest Minds Technologies, HG Infra Engineering, Lemon Tree Hotels, Procter & Gamble Hygiene and Health Care, Powerica, Praj Industries, Schneider Electric Infrastructure, and Tenneco Clean Air India will announce their quarterly results on May 28. Today's earnings schedule includes Oil and Natural Gas Corporation, Siemens, Brainbees Solutions, AstraZeneca Pharma India, Carraro India, EIH, Finolex Industries, Gujarat Fluorochemicals, Gandhar Oil Refinery (India), General Insurance Corporation of India, Indian Railway Catering and Tourism Corporation, JK Tyre & Industries, Apeejay Surrendra Park Hotels, Procter & Gamble Health, and Senco Gold. Additionally, ONGC, Siemens, Brainbees Solutions, Venus Pipes, Transrail Lighting, Marksans Pharma, Morepen Laboratories, Jubiliant Ingrevia, RedTape, Aequs, Gujarat Fluorochemicals, Gujarat Gas AIA Engineering, AstraZeneca Pharma, Bayer, Camlin Fine Sciences, Gandhar Oil, IRCTC, JK Tyre, Landmark Cars, Senco Gold, Steep Strips Wheel will declare their quarterly results later today.
The Government of India will sell up to a 1 percent stake in Coal India via an offer-for-sale (OFS) on May 27 and May 29, with an option to additionally offload another 1 percent stake. As reported by Moneycontrol, the floor price has been fixed at ₹412 per share. The company has also received an order worth ₹171.45 crore from a renowned independent power producer/EPC player for the supply of solar PV modules.
JK Tyre & Industries has approved a ₹4,980 crore investment to expand its Truck & Bus Radial (TBR) and Passenger Car Radial (PCR) tyre capacity by 24% by FY2030. The expansion at Chennai and Vikrant plants aims to meet robust demand and will be funded via internal accruals and debt. Currently, the company's combined existing capacity for TBR and PCR tyres stands at 210 lakh tyres per annum, with capacity utilization currently over 90% of installed capacity. The new capacity is scheduled to be added by Financial Year 2029-30, with the decision following a board meeting held on May 26, 2026.
Indian equity benchmarks are expected to open on a flat note on Tuesday, May 26, tracking mixed global cues and cautious investor sentiment amid ongoing U.S.-Iran peace negotiations. Gift Nifty was trading near the 24,057 mark, a discount of nearly 41 points from the previous close of Nifty futures, indicating a muted start for domestic equities. On Monday, the Sensex surged 1,073.61 points, or 1.42 per cent, to close at 76,488.96, while the Nifty 50 advanced 312.40 points, or 1.32 per cent, to settle at 24,031.70. Brent crude for July 2026 settlement tanked $5.17 or 4.99% to $98.37 a barrel, providing relief from previous concerns about crude oil prices above $100 per barrel. The NSE's India VIX fell 2.97% to 16.21, indicating reduced market volatility expectations. Foreign Institutional Investors (FIIs) were net buyers of Indian equities worth ₹821.75 crore on May 25, while Domestic Institutional Investors (DIIs) remained buyers, purchasing shares worth ₹3,856.88 crore.
Orchid Pharma rose 2.33% after the company reported a 6.68% increase in consolidated net profit to ₹23.78 crore for the fourth quarter ended March 2026, compared with ₹22.29 crore in the corresponding quarter last year. Venus Pipes & Tubes rallied 3.13% after the company announced the commencement of commercial operations of its fittings facility along with the commissioning of additional seamless pipes/tubes capacity. However, Royal Orchid Hotels slipped 4.91% after the company reported a 39.57% decline in consolidated net profit to ₹7.94 crore for the fourth quarter ended March 2026, compared with ₹13.14 crore in the corresponding quarter last year. Vedanta surged 3.82%, Hindustan Copper gained 2.58%, Lloyds Metals & Energy rose 2.45%, Welspun Corp advanced 2.42%, and Steel Authority of India jumped 1.96% among metal sector leaders. National Aluminium Company, Adani Enterprises, Hindalco Industries, Hindustan Zinc, and JSW Steel also posted gains in the metal sector.
Crude oil prices rebounded following reports of fresh military action involving Iran, with Brent crude futures rising 1.5% to USD 97.56 per barrel after tumbling 7% in the previous session. U.S. West Texas Intermediate crude traded at USD 91.25 per barrel. Higher crude oil prices remain a concern for India due to their impact on inflation and import costs. Gold prices declined as rising oil prices increased concerns over inflation, with spot gold falling 0.6% to USD 4,544.33 per ounce and spot silver slipping 0.8% to USD 77.42 per ounce. The U.S. dollar index remained under pressure and traded at 99.031 amid optimism surrounding a potential U.S.-Iran peace agreement.
