Although the benchmark indices opened lower, they traded negatively throughout the session and ultimately closed red.
Indian equity benchmarks, Sensex and Nifty50, slumped as consumer durables and realty stocks weighed on concerns over the impact of the West Asia war.
At the closing bell, the BSE Sensex closed lower by 1,313 points (down 1.7%)
Meanwhile, the NSE Nifty closed 360 points lower (down 1.5%)
Sun Pharma, HUL, and ICICI Bank are the top gainers today.
Titan Company, SBI, and Eternal, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 23,839, lower by 401 points at the time of writing.
The BSE 150 Midcap index is trading 1.2% lower, and the BSE 250 SmallCap index is trading 0.6% lower.
Sectoral indices were trading negatively today, with stocks in the realty sector and banking sector witnessing selling pressure.
The rupee is trading at Rs 95.3 against the US$.
Gold prices for the latest contract on MCX are trading 0.3% lower at Rs 1,51,956 per 10 grams.
Meanwhile, silver prices were trading 0.1% higher at 2,62,404 per 1 kg.
4 reasons why Indian share markets are falling:
#1 US-Iran Talks Falter
Markets fell after hopes of a US-Iran peace deal weakened, increasing fears of further conflict in West Asia. High crude oil prices are also raising concerns about inflation and slower economic growth.
#2 Prime Minister Narendra Modi's Austerity Call
PM Narendra Modi urged people to reduce spending on fuel, gold, and unnecessary consumption. Investors fear this could slow economic activity and impact corporate earnings.
#3 The Crude Oil Shock
Crude oil prices rose above US$105 per barrel due to supply concerns and rising geopolitical tensions. Higher oil prices are a major concern for India, which depends heavily on oil imports.
#4 Rupee Weakness
The Indian rupee weakened sharply against the US dollar amid rising crude oil prices. A weaker rupee can increase inflation and lead to foreign investor outflows.
Canara Bank Q4 FY26 Results
Shares of Canara Bank came into focus after the company reported its Q4 FY26 results.
Canara Bank reported a standalone net profit of Rs 45.1 bn for Q4FY26, down 9.9% from Rs 50 bn in the corresponding quarter last year.
Pre-provision operating profit declined 18.4% YoY to Rs 67.6 bn from Rs 82.8 bn.
The bank's net interest income (NII) rose 4% to Rs 98.1 bn during the quarter, compared to Rs 94.4 bn a year ago.
Provisions for the quarter fell to Rs 9.9 bn from Rs 24.1 bn in Q3FY26 and Rs 18.3 bn in the year-ago period.
On the asset quality front, gross non-performing assets (GNPA) declined 8.4% sequentially to Rs 227.4 bn from Rs 248.3 bn in the previous quarter. Net NPA also fell 2.1% to Rs 52.1 bn from Rs 53.2 bn.
Gross NPA ratio improved to 1.84% in Q4FY26 from 2.08% in the previous quarter, while net NPA ratio eased to 0.43% from 0.45%.
Domestic deposits stood at Rs 14,369.1 bn as of 31 March 2026, up 7.9% YoY. Domestic gross advances increased 15.1% YoY to Rs 11,611.4 bn.
The bank's board also recommended a dividend of Rs 4.2 per equity share with a face value of Rs 2 for FY26, subject to shareholder approval at the upcoming AGM.
MCX Q4 FY26 Results
Shares of Multi Commodity Exchange of India (MCX) came into focus after the company reported its Q4 FY26 results.
Revenue from operations jumped 205% to Rs 8.9 bn, compared to Rs 2.9 bn in the corresponding quarter last year.
EBITDA increased 271% YoY to Rs 7 bn during the quarter, up from Rs 1.9 bn in Q4FY25.
During Q4FY26, the company's profit after tax (PAT) surged 291% YoY to Rs 5.3 bn from Rs 1.4 bn in Q4FY25.
MCX expanded its product suite with the launch of Electricity Futures, BULLDEX Options, Cardamom Futures, Nickel Futures, Gold Ten Futures, Gold Monthly Options and Silver Monthly Options.
Comments
Log in or sign up to join the conversation.