Indian equity markets closed the volatile week with small gains amid highly range-bound trading conditions. According to reports from Business Standard, GIFT Nifty futures were quoted at 24,016, up 272 points from the previous close at 7:00 AM. Among global markets, Japan's Nikkei 225 breached the 65,000-mark for the first time, hitting a record high after reports suggested the crucial Strait of Hormuz may reopen soon. US President Donald Trump indicated that negotiations with Iran were proceeding in an orderly manner, adding that he had told his representatives not to rush into a deal as time is on their side.
Shares of oil marketing companies will remain in focus today after petrol and diesel prices were raised by ₹2.61-2.71 per litre on Monday, marking the fourth increase in less than two weeks. As reported by Business Standard, state-owned firms continued to pass on higher international prices to consumers. Oil prices eased on Monday, with Brent crude trading lower by 4% at $99 per barrel and WTI crude at $92.5 per barrel, down 4.50%. The development pushed oil prices lower and lifted investor sentiment globally.
Eicher Motors delivered exceptional fourth quarter results, posting its highest-ever net profit of ₹1,520 crore, up 12% from ₹1,362 crore in the corresponding period last year. According to Business Standard, driven by its highest-ever Q4 sales of 313,811 motorcycles, up 12% year-on-year, the company's net profit, revenue, and EBITDA hit all-time highs. NTPC reported a 34.4% jump in profit to ₹10,615 crore compared with ₹7,897.1 crore, though revenue fell 0.3% to ₹49,687.8 crore.
Reliance Infra reported a 79% decline in profit for the March 2026 quarter to ₹918 crore, with revenue from operations dipping 2.59% to ₹4,001 crore. As reported by Business Standard, Torrent Pharma saw a 27% decline in profit after tax to ₹364 crore in Q4 FY26, impacted by exceptional items. Hindalco experienced a 50.84% decline in net profit to ₹2,597 crore in the quarter ended March 2026, though sales rose 20.41% to ₹78,133 crore. Colgate-Palmolive India reported largely flat net profit at ₹353.3 crore due to GST changes and restructuring costs.
Several stocks are likely to remain in focus following BSE's latest index reshuffle announcement. Ambuja Cements Limited, Tube Investments of India Limited and Colgate-Palmolive (India) Limited will be removed from the BSE 100 index, while Ashok Leyland Limited, One 97 Communications Limited and CG Power and Industrial Solutions Limited are set to be added to the index effective June 22. In a separate change, TVS Motor Company will replace Adani Enterprises Limited in the Sensex 50 index from the same date. According to Business Standard, companies like Suzlon Energy, RVNL, and Pine Labs will announce quarterly results today, while the upcoming week is expected to remain highly sensitive to global macroeconomic developments, currency movements, and policy commentary.
