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These 3 stocks may underperform, 2 gain as auto, bank indices turn bearish
Death Cross alert: Technical analyst at Choice Broking expects Nifty Auto and Bank Nifty to underperform in the near-term as shorter-term moving average has slipped below the long-term 200-DMA.
INR regains momentum as oil prices retreat
The Indian rupee regained some momentum in opening trades on Wednesday as Brent crude prices retreated from their elevated level after US President Donald Trump hinted at a possible deal with Iran. Oil prices fell to USD 108 per barrel, as signs of easing geopolitical tensions in the Middle East offset the lingering supply concerns. At the interbank foreign exchange market, the rupee opened at 95, then gained some ground and touched an early high of 94.95, registering a gain of 23 paise from its previous low. Yesterday, the counter ended at 95.18. Indian benchmark indices also opened higher with the Sensex rising over 250 points and Nifty 50 comfortably above 24,100, amid signs of easing tensions in the Middle East.
Indices drift higher in early trade; breadth strong
Barring FMCG index all the sectoral indices on the NSE were traded in green with PSU Bank, IT and auto shares leading the rally.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty trades 200-points higher; L&T in focus after results
Sensex Today | Stock Market LIVE Updates: The two indices to watch though, will be Nifty Bank and Nifty IT. The banking index has struggled to hold above 55,000, while IT stocks also contributed to the recent volatility. L&T and Hero Moto, along with SRF, Coforge, Poonawalla Fincorp, and others will react to their results today. Bajaj Auto reports results today along with announcing a share buyback.
Stock Market News Today Live Updates: GIFT Nifty Hints At Positive Open; Kospi Breaches 7,000, Brent Falls Below $109 A Barrel
The GIFT Nifty, an early indicator of Nifty 50's performance traded at24,286.50, compared to Tuesday's index close of 24,032.80.
Tata Power’s Bhutan hydro project gets $515 mn World Bank nod
The project in eastern Bhutan, once completed, is set to generate 4,500GWh of clean electricity every year, with 80% of it to be exported to India during the peak summer season.
Trade Setup for May 6: Nifty manages to hold 24,000 but banking index holds the key
The Bank Nifty continued to lag, ending 0.6% lower and trading below key moving averages. Analyst Sudeep Shah said the 54,100-54,000 zone will act as a crucial support for Bank Nifty. A break below 54,000 could trigger further downside towards 53,400.
Market Trading Guide: Buy Anant Raj, RBL Bank, 6 more stocks on Wednesday for gains up to 16%
Nifty ended lower under selling pressure in financial, consumer and realty stocks, staying below key moving averages. Technical signals show weak momentum but possible short-term recovery. Analysts highlight potential upside levels and recommend select stocks showing bullish breakouts and strength.
IEX records 16.6% YoY growth in traded electricity volumes in April
Indian Energy Exchange(IEX) recorded a monthly electricity traded volume of 12,341 MUs in April 2026, a robust 16.6% increase year-on-year. A total of 1.18 lakh Renewable Energy Certificates were traded during the month, though REC volumes declined 59.4% year-on-year.
Share Market Today: Nifty 50, Bank Nifty Prediction | May 5, 2026 - Liquide Blog
Share Market Today: Nifty 50, Bank Nifty Prediction | May 5, 2026Liquide Blog
Nifty May futures trade at premium
Mahindra & Mahindra, HDFC Bank and Reliance Industries were top traded contracts.
Indices end in red as rupee hits record low; volatility rises
The Nifty settled below the 24,050 mark. Realty, consumer durables and private bank shares declined, while FMCG, auto and pharma shares edged higher.