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Sensex, Nifty 50 | Stock Market LIVE Updates: The Indian stock market traded sharply lower on Friday, extending its losing run, as soaring crude oil prices and escalating US-Iran war in the Middle East dented sentiment.

The Sensex opened 180.20 points, or 0.23%, lower at 77,483.80, while the Nifty 50 opened at 24,100.55, down by 72.50 points, or 0.30%.

However, selling intensified and the Sensex crashed over 1,000 points, while the Nifty 50 slipped below 24,000 level. Bank Nifty also slipped over half a percent.

Broader markets succumbed to selling pressure, with the Nifty Smallcap 100 and the Nifty Midcap 100 indices falling over 0.5% each.

All the sectoral indices were trading the red, with Nifty IT, Nifty Metal, Nifty Pharma, Nifty Media, Nifty Auto and Nifty Private Bank falling the most.

Globally, Asian markets traded mixed, while the US stock market ended lower, with the Wall Street benchmark indices retreating from record highs.

US President Donald Trump said Israel and Lebanon have agreed to extend a ceasefire between Israel and the Hezbollah militant group by three weeks. Trump also said that the US has full control over its blockade of measures against Iran, calling them effective.

Crude oil prices rose over fears of renewed military escalation in the Middle East. Brent crude futures rallied 1.17% to $106.3 a barrel, while West Texas Intermediate futures gained 1.12% to $96.92.

Gold prices were steady, but on track for a weekly drop as elevated oil prices fuelled fears of inflation and higher-for-longer interest rates. Spot gold price rose 0.1% at $4,697 per ounce. The metal is down 2.6% so far this week after a four-week winning run, Reuters reported. US gold futures for June delivery fell 0.2% to $4,712.50. Spot silver fell 0.1% to $75.36 per ounce.

Stay tuned to this segment for live updates on Indian stock market today.

The sell-off in the Indian stock market intensified. The Sensex crashed 1,079.30 points, or 1.39%, to close at 76,584.70, while the Nifty 50 was down 295.65 points, or 1.22%, at 23,877.40.

J.P.Morgan downgraded Indian equities to ‘neutral’ from ‘overweight,’ citing elevated valuations compared to emerging market peers and pressure on earnings from energy supply shocks linked to the Iran war, a day after HSBC lowered its rating.

Surging crude prices could stoke inflation and growth risks for the country, squeeze consumption and weigh on near-term corporate margins, with a weakening rupee adding to the pressure, the brokerage said in a note on Friday, Reuters reported.

Earlier this month, JPMorgan cut FY2027 earnings estimates by 2%-10% across domestic sectors such as energy, consumer, auto and financials. It also reduced MSCI India earnings growth forecasts for 2026 and 2027 by 2 percentage points and 1 percentage point, respectively, to 11% and 13%.

Paresh Bhagat, CIO of Veer Growth Fund (AIF), and Chairman at Mangal Keshav Financial Services, believes elevated crude oil prices are key risks for the Indian stock market.

“As long as oil remains elevated, the correction risk in India isn’t fully behind us,” said Bhagat in an interview with Mint. Beyond the geopolitical headlines, Bhagat said the more important things to track are crude prices, the direction of the rupee, and how FII flows are evolving. Read here

Reliance Industries is expected to report a muted earnings during the fourth quarter of FY26, led by weakness in the oil-to-chemicals (O2C) business and tepid retail segment growth. However, analysts expect Reliance Jio, the telecom arm, to report strong earnings growth. Ahead of the RIL Q4 results, Reliance share price was trading marginally lower. It has, meanwhile, witnessed a 15% crash in 2026 so far. Catch Reliance Q4 results live updates here

Vedanta demerger record date for determining the eligible shareholders to receive shares in the newly carved-out businesses is May 1, 2026. The company’s board of directors have also fixed May 1 as the demerger effective date.

Vedanta’s 1-to-5 demerger is a watershed moment for value unlocking, dismantling the ‘conglomerate discount’ that historically weighed on its valuation, according to Avinash Gorakshakar, market expert and private wealth management consultant.

“By providing pure-play access to high-margin verticals like Aluminium and Zinc, the restructuring allows specialized capital to flow more efficiently. However, the record date on May 1 is not just a tactical entry; it’s a strategic bet on debt distribution. While the sum-of-the-parts valuation suggests significant upside, investors must weigh lucrative yields against the individual balance sheets' ability to navigate commodity volatility,” said Gorakshakar.

Post-demerger, he believes, operational transparency will be the ultimate arbiter of shareholder wealth.

Gorakshakar pegs the fair value (SOTP) of the combined entities at ₹850 – ₹900 per share, implying an upside potential of around 19% from Wednesday’s closing price.

“I feel, the real ‘value’ isn’t just the split, it is the re-rating. Currently, the market applies a 20-30% discount because these businesses are bundled. Post-listing, Vedanta Aluminium Metal (VAML) could trade at par with Hindalco, and the Oil & Gas unit could trade closer to ONGC, effectively ‘erasing’ that discount,” Gorakshakar said.

CME Group has cut initial margin on its COMEX 100 gold futures to 6% from 7% and lowered the initial margin on its COMEX 5,000 silver futures to 11% from 14%.

Infosys’ organic growth guidance of 2.2% YoY CC (at mid-point) for FY27 – lower than 2.4% organic growth delivered in FY26 – despite strong bookings and better exit rate verus last year is due to client-specific issues in large European manufacturing client; lower onsite revenue mix; and AI-led compression, said ICICI Securities.

Deal TCV growth for FY26 is strong at 28% YoY and the company has executed well on improving realisation in FY26, as volume growth was flat. At the same time, management acknowledged increased competitive intensity due to rapid advancement in AI. This adds to uncertainty around the quantum of AI-led compression. Slower headcount addition and deferment of wage hike for FY26 also suggest higher uncertainty ahead, it said.

ICICI Securities maintained ‘Hold’ rating on Infosys with a target price of ₹1,300 per share, based on a one-year forward unchanged P/E of 17x on FY28 EPS of ₹76.6.

Emkay Global retained its ‘Add’ rating on the stock and raised Tata Capital share price target to ₹390 from ₹350 earlier, implying FY28E P/B of ~2.6x.

Brokerage firm Systematix retained a ‘Buy’ call on Tata Capital stock with a target price of ₹400 per share, valuing the company at 2.7x FY28E P/ABV.

India’s Chief Economic Adviser V. Anantha Nageswaran has said the rupee remains “undervalued relative to fundamentals,” arguing that its current levels do not fully capture the strength of the country’s macroeconomic position, even as currency weakness has influenced global perceptions of India’s economy. Read here

Choice International reported Q4FY26 net profit growth of 27% YoY at ₹68 crore. Revenue rose 23% YoY to ₹314 crore. For FY26, net profit jumped 46% YoY to ₹238 crore, while revenue grew 24% YoY to ₹1,145 crore. Stock Broking contributed to 59% of the revenue, while advisory segment’s contribution was 28% for FY26.

Choice International share price was trading 1.58% lower at ₹705.80 apiece on the BSE.

Gujarat Themis Biosyn Ltd announced the signing of an asset purchase agreement to acquire a portfolio of anti-tuberculosis (TB) and anti-infective brands from Sanofi, the French-holding company of the Sanofi group.

Gujarat Themis Biosyn share price jumped more than 11% after the announcement. The stock surged as much as 11.7% to ₹360.75 apiece on the BSE.

Nifty 50 slipped below the psychological 24,000 support level, shifting focus to the next crucial support near the 23,800 zone. From a technical standpoint, the 24,300 – 24,400 range now acts as an immediate resistance band, as previous support has transitioned into a supply zone, with a stronger hurdle placed near the 24,600 level. A sustained move above these resistance levels will be required to restore bullish momentum and potentially extend the upmove towards the 24,800–25,000 zone, said Ponmudi R, CEO of Enrich Money.

Opening outlook remains cautious to mildly negative, with the index likely to trade with a downside bias unless a decisive breakout above resistance is observed, he added.

Gold and silver prices in India traded sharply lower, following weakness in global bullion prices. MCX gold rate for June contracts traded lower by ₹711, or 0.47%, at ₹1,51,050 per 10 grams. MCX silver price for May contracts was down by ₹1,371, or 0.57%, at ₹2,40,142 per kg.

Chandan Taparia Head Derivatives & Technicals, Wealth Management, Motilal Oswal Financial Services has recommended three stocks to buy today -

Glenmark Pharmaceuticals | Buy | Target Price: ₹2,475 | Stop Loss: ₹2,265

Glenmark Pharmaceuticals share price has given a rounding bottom breakout along with a fresh ATH closing indicating strong bullish continuation. The stock has formed a Bullish Marubozu candle while RSI is hovering near 70 reflecting strong momentum, Taparia said.

Bharat Dynamics | Buy | Target Price: ₹1,508 | Stop Loss: ₹1,380

Bharat Dynamics share price has given a breakout above its falling trendline resistance and has also surpassed its 200 DEMA hurdle. The RSI oscillator on the daily as well as the weekly charts are hinting at a positive momentum and thus expect an upmove in the stock in the near term.

PB Fintech | Buy | Target Price: ₹1,770 | Stop Loss: ₹1,620

PB Fintech share price is witnessing a strong upside move after a base formation with price pushing above key resistance levels. The rally is backed by rising volumes indicating active buying participation. Momentum indicators are also inching higher, Taparia said.

For day traders, the 50-day SMA (Simple Moving Average) or 24,300 / 78,200 would act as an immediate resistance zone for Nifty 50 / Sensex. Below this level, the correction wave is likely to continue. On the downside, the indices could slip to 24,000 / 77,000. Further downward movement may continue, potentially dragging the index to 23,900 / 76,700. On the upside, a move above 24,300 / 78,200 could lead to a bounce back towards 24,450 – 24,500 / 78,500 - 78,800, said Shrikant Chouhan, Head Equity Research, Kotak Securities.

Tata Capital share price gained over a percent after the company reported Q4 results. The Tata group’s non-banking finance company (NBFC), Tata Capital reported 42.8% YoY growth in its Q4FY26 consolidated net profit to ₹1,502.02 crore, while revenue from operations rose 9% YoY to ₹8,160 crore.

Tata Capital share price was trading 0.43% higher at ₹341.85 apiece on the BSE.

Nifty IT index slipped 3%. Tech Mahindra, Mphasis, Infosys, LTIMindtree and Coforge were the top index losers.

The Indian stock market traded sharply lower on Friday, extending its losing run, as selling intensified. The Sensex crashed over 700 points, while the Nifty 50 slipped below 24,000 level. Bank Nifty also slipped over half a percent. Broader markets succumbed to selling pressure, with the Nifty Smallcap 100 and the Nifty Midcap 100 indices falling over 0.5% each.

Bitcoin prices moved close to the $80,000 mark before easing back below $79,000, with ongoing US–Iran war continuing to drive short-term moves. The recent ~12% monthly rise toward $79,000 shows momentum, although much of the move has been supported by activity in futures markets rather than steady spot buying. At the same time, some short-term investors are taking profits after the rally, which is a normal part of market cycles. The $80,000 level remains important, and if demand continues to build, Bitcoin price could touch $80,000 and gradually attempt another move higher in the near term, said CoinSwitch Markets Desk.

Reliance Industries, IndusInd Bank, Adani Green Energy, Shriram Finance, DCB Bank, Hindustan Zinc, Mahindra & Mahindra Financial Services, L&T Finance, Can Fin Homes, Lodha Developers, Chennai Petroleum Corporation, Mangalore Refinery and Petrochemicals, Supreme Petrochem, Tanla Platforms, and Zensar Technologies will announce their Q4 results today.Ankit Gohel is the Deputy Chief Content Producer at Livemint, specialising in financial markets, macroeconomics, and regulatory developments. With a strong focus on equity markets, primary issuances, and policy-driven market movements, he brings clarity to complex financial developments for investors and market participants.

With nine years of experience in business and financial journalism, Ankit’s approach is rooted in the belief that market reporting should go beyond headlines — connecting data, policy, and ground realities to deliver actionable insights. His work consistently bridges the gap between institutional analysis and investor understanding.

Ankit has spent three years at Livemint, where he currently helps drive market coverage, editorial strategy, and high-impact financial stories. Prior to this, he worked with leading business news networks such as CNBC-TV18, ET Now, TickerPlant News Service where he built deep expertise in stock market analysis, macroeconomic trends, primary markets, and coverage of key regulators including the RBI and SEBI.

Over the years, he has covered market cycles across bull and bear phases, IPO booms, liquidity shocks, and major policy shifts that reshaped investor sentiment. He has interviewed fund managers, corporate leaders, and policymakers, translating their perspectives into sharp, data-backed narratives. Ankit combines speed with accuracy — ensuring timely, credible, and insight-driven financial journalism that empowers both retail and institutional audiences.

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