Indian stock market indices extended losses for a fourth consecutive session on Tuesday, May 12, 2026, with the Sensex falling 1,456.04 points, or 1.92%, to close at 74,559.24, while the Nifty 50 declined 436.30 points, or 1.83%, to end at 23,379.55. According to exchange data, selling pressure was seen across sectors as investors remained cautious ahead of the heavy earnings calendar. Gift Nifty was trading at 23,450, up 27 points, or 0.9 per cent as of 7:30 AM. Asian markets were trading mixed in morning deals, with South Korea's KOSPI index gaining 1.15 per cent and Japan's Nikkei 225 adding 0.20 per cent, while Hong Kong's Hang Seng and Australia's S&P/ASX 200 were down 0.29 per cent and 0.19 per cent respectively. Overnight, US equities settled lower after higher-than-expected inflation data, with the S&P 500 falling 0.16 per cent, the Nasdaq Composite slipping 0.71 per cent, and the Dow Jones Industrial Average settling flat.
More than 98 companies are scheduled to announce their Q4FY26 results today, making it one of the busiest earnings sessions of the season. Key firms reporting include Bharti Airtel, Tata Motors, TVS Motor Company, Power Finance Corporation, Cipla, Oil India, HPCL, and Bharti Hexacom. As reported by Business Standard, Tata Power posted over 8 per cent Y-o-Y rise in consolidated net profit to ₹1,415.52 crore with total income at ₹15,455.48 crore. The company's board recommended a final dividend of ₹2.50. Dr Reddy's Laboratories reported an 86 per cent dip in consolidated PAT to ₹221.3 crore due to lower generics sales in North America, with revenue at ₹7,546.4 crore and a final dividend of ₹8 per share. Kalpataru Ltd showed a multi-fold jump in consolidated net profit to ₹200.47 crore with total income at ₹1,728.69 crore. Berger Paints reported a 27.52 per cent Y-o-Y rise in consolidated net profit to ₹335.25 crore with revenue at ₹2,868.03 crore and a dividend of ₹4 per share. Dixon Technologies posted better-than-expected earnings driven by improved margins and steady performance, while Nazara Technologies reported a sharp rise in quarterly profit despite slower revenue growth.
Jewellery stocks like Titan Company, Kalyan Jewellers, Senco Gold will remain in focus as the government has raised import tariffs on gold and silver to 15 per cent from 6 per cent to curb overseas purchases and ease pressure on foreign exchange reserves. According to Business Standard, RVNL was declared the L1 bidder for a ₹221.33 crore project involving electronic interlocking and S&T works in Bilaspur Division. Power stocks may see attention as the Uttar Pradesh government approved a proposal for 2,400 megawatt thermal power units in Prayagraj district with a total investment of nearly ₹33,000 crore over five years. State-owned banks recorded an all-time high net profit of ₹1.98 lakh crore in FY2026, marking the fourth straight year of profitability with aggregate business growing 12.8 per cent to ₹283.3 lakh crore.
Vodafone Idea announced that its board will meet on May 16 to consider proposals to raise funds through equity shares or warrants, as reported by Business Standard. Texmaco Rail secured a significant ₹4,045 crore international order from Tsiko Africa Logistics for goods waggons, locomotives and long-term maintenance support, providing a major boost to the company's order book visibility. PNC Infratech entered into a one-off settlement agreement with NHAI and will receive around ₹235 crore under the government's dispute resolution scheme. United Breweries received major relief as the Maharashtra Sales Tax Tribunal reduced a tax demand of ₹275 crore to nil, potentially supporting sentiment around the stock. HPCL and Oil India will declare their quarterly results after market hours, with an increase in crude oil prices and international oil price movements likely to support oil and gas shares during the trading day.
