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Stocks in news: ITC, Nykaa, Lenskart, Ola Electric, IndusInd Bank
Markets saw a volatile session with Nifty trading below the 23,800-24,000 resistance zone, though select heavyweight buying limited downside. Several companies like ITC, Nykaa, and IndusInd Bank are in focus due to Q4 results and news developments, including Lenskart's profit decline and Dr. Reddy's new diabetes drug launch.
Nifty May futures trade at premium
HDFC Bank, Infosys and Reliance Inds were top traded contracts
Tech Mahindra Ltd gains for third consecutive session
Tech Mahindra Ltd is quoting at Rs 1481.6, up 3.61% on the day as on 12:49 IST on the NSE. The stock is down 5.99% in last one year as compared to a 3.87% drop in NIFTY and a 21.31% drop in the Nifty IT index.
Standard Chartered likely to exit ICICI Pru Life bancassurance tie-up; may join Bharti Life Insurance
Sources said the bank currently contributes around 5% to ICICI Prudential Life’s annualised premium equivalent (APE) and about 6% to its retail APE.
7 large-cap stocks post highest quarterly profits in 10 quarters
Several NSE large-cap companies reported record March 2026 quarterly profits, surpassing previous ten-quarter highs by over 25%. Strong operational performance, improved fundamentals, and favorable market conditions boosted earnings for firms including ABB India, JSW Steel, ICICI Bank, Bajaj Finance, Tata Motors, and Muthoot Finance.
Coforge to Tech Mahindra: Tech stocks extend rally for second session; Nifty IT jumps over 2%
Coforge, Tech Mahindra, and other tech stocks rallied on May 18, with the NIFTY IT index rising 2.4%. Analysts attribute this to currency weakness and export earnings, despite concerns over AI disruption and mixed earnings guidance from major firms, leading to a decline of 25.3% in 2026.
Market Trading Guide: 2 stock ideas for Monday with up to 8% near-term gains
Nifty ended lower on Friday, breaking a two-session winning streak as banking, metal and realty stocks dragged the index below the 23,800 zone. Analysts see a bearish setup with resistance at key EMAs and support near 23,500. Amid volatility, two technical stock picks, Kirloskar Oil and Wheels India, signal short-term upside potential of up to 8% with defined stop losses.
Smaller banks find it harder to hit a home run
Larger banks are dominating the home loan market. Mid-sized private banks are struggling as competition squeezes profits. State Bank of India, ICICI Bank, HDFC Bank, and Kotak Mahindra Bank are expanding their mortgage books. These big lenders use lower funding costs and wider reach. They see home loans as a way to build lasting customer relationships.
Nifty May futures trade at premium
Tata Motors Passenger Vehicles, HDFC Bank and Infosys were the top traded contracts.
Uno Minda Ltd down for fifth straight session
Uno Minda Ltd is quoting at Rs 1119.3, down 0.27% on the day as on 13:19 IST on the NSE. The stock jumped 13.12% in last one year as compared to a 4.93% slide in NIFTY and a 9.05% spurt in the Nifty Auto index.
TVS Motor Company Ltd slips for fifth straight session
TVS Motor Company Ltd is quoting at Rs 3436.7, down 2.57% on the day as on 13:19 IST on the NSE. The stock jumped 23.19% in last one year as compared to a 5.35% slide in NIFTY and a 9.13% spurt in the Nifty Auto index.
Nifty IT index tanks 7% in 4 days; TCS, Infy, HCL, LTM hit fresh 52-wk lows
In 2026 so far, TCS, Infosys, HCL Tech, Tech Mahindra, and Wipro have declined in the range of 17 per cent to 33 per cent. In comparison, the Nifty 50 index has dived 10 per cent, data showed.