Asian shares climbed on Wednesday, 6 May 2026, after US President Donald Trump indicated progress toward a final deal with Iran, boosting market sentiment.
US stock markets moved closer to record levels on Tuesday as easing oil prices shifted investor focus back to strong corporate earnings, AP reported.
Here's a table showing how US stocks performed on Tuesday:
Stock/Index | LTP | Change ($) | Change (%) | Day High | Day Low | 52-Week High | 52-Week Low |
|---|---|---|---|---|---|---|---|
Alphabet | 384.31 | 4.67 | 1.23% | 388.96 | 380.35 | 388.96 | 149.49 |
Apple | 284.18 | 7.31 | 2.64% | 284.57 | 276.50 | 288.61 | 193.25 |
Meta | 604.96 | -5.50 | -0.90% | 614.35 | 600.36 | 796.25 | 520.26 |
Tesla | 389.30 | -3.26 | -0.83% | 402.12 | 389.00 | 498.83 | 271.00 |
Netflix | 87.89 | -3.15 | -3.45% | 91.28 | 87.57 | 134.12 | 75.01 |
Amazon | 273.52 | 1.45 | 0.53% | 278.56 | 272.38 | 278.56 | 183.85 |
Microsoft | 411.35 | -2.27 | -0.55% | 416.78 | 408.80 | 555.45 | 356.28 |
Dow Jones | 49298.25 | 356.35 | 0.73% | 49365.22 | 49009.11 | 50512.79 | 40759.41 |
Nasdaq | 28015.06 | 363.24 | 1.31% | 28065.63 | 27844.23 | 28065.63 | 19605.07 |
Source: Equitymaster
At present, the BSE Sensex is trading 289 points higher, and the NSE Nifty is trading 105 points higher.
IndiGo, M&M, and Trent are among the top gainers today.
L&T, HUL, and ONGC, on the other hand, are among the top losers today.
The BSE 150 Midcap index is trading 0.9% higher, and the BSE 250 Smallcap index is trading 0.7% higher.
Sectoral indices are trading mixed today with stocks in FMCG sector and power sector witnessing selling pressure. Meanwhile stocks in telecom and metal sector witnessed Buying speer.
The rupee is trading at Rs 95.07 against the US dollar.
L&T Q4 Profit Falls 3%
Larsen & Toubro reported a 3% year-on-year decline in consolidated net profit to Rs 53.26 billion (bn) in Q4FY26, compared to Rs 54.97 bn in the same quarter last year.
Despite the decline in profit, the company posted strong revenue growth, with consolidated revenue from operations rising 11.25% YoY to Rs 827.62 bn from Rs 743.92 bn in Q4FY25. On a sequential basis, revenue increased 15.8% from Rs 714.50 bn in the December 2025 quarter.
Order inflows remained robust at Rs 897.72 bn during the quarter, driven by large wins across segments such as Commercial & Residential Buildings, Roads & Runways, Urban Transport, Transmission & Distribution, and Hydrocarbon Onshore. International orders stood at Rs 599.94 bn, contributing 67% to the total order inflow.
As of FY26, L&T's consolidated order book stood at an all-time high of Rs 7,403.3 bn, reflecting a 28% growth over March 2025, the company stated.
Coforge Q4 Result & FY27 Outlook
Coforge reported a strong performance in Q4FY26, with consolidated net profit more than doubling, driven by robust order inflows and revenue growth.
The company's net profit surged 134.4% year-on-year to Rs 6.12 bn for the quarter ended March 31, compared to Rs 2.61 bn in the same period last year.
Revenue also witnessed healthy growth, rising 30% YoY to Rs 44.50 bn, supported by strong traction in the Americas region.
Order intake during the quarter stood at $648 million, reflecting a 9.3% sequential increase, with the company securing five new deals. Coforge entered FY27 with an executable order book of $1.75 bn, indicating strong visibility and sustained growth momentum, as highlighted by CEO Sudhir Singh.
Vodafone Idea Leadership Change
Kumar Mangalam Birla has been appointed as the Non-Executive Chairman of Vodafone Idea Limited, effective May 5, 2026, as per the company's exchange filing.
The board also approved the request of Ravinder Takkar to step down as Non-Executive Chairman from the same date. He will continue to serve on the board as a Non-Executive Director and has been designated as Non-Executive Vice Chairman.
Birla, holding Director Identification Number (DIN) 00012813, was already serving as a Non-Executive Director prior to this elevation. Takkar, with DIN 01719511, also continues in his role as a director.
The company further clarified that neither Birla nor Takkar has any relation to other members of the board.
Tata Power's Bhutan hydro project gets World Bank nod
Tata Power has received a major boost for its Bhutan hydropower venture, as the World Bank approved financing agreements worth $515 million for the 1,125 MW Dorjilung Hydroelectric Power Project. The project is being developed through a joint venture with Druk Green Power Corporation.
Located in eastern Bhutan, the project is expected to generate around 4,500 GWh of clean electricity annually upon completion. Notably, nearly 80% of the power will be exported to India during peak summer demand, strengthening cross-border energy ties.
With an estimated project cost of $1.7 billion, the initiative forms a key part of Bhutan's 13th five-year plan. It is also set to become the country's largest hydropower project under a public-private partnership model, supporting economic growth and reinforcing its carbon neutrality goals, as highlighted by Prime Minister Tshering Tobgay.
Overall, the project is expected to deepen clean energy collaboration between India and Bhutan while enhancing regional energy security.
Comments
Log in or sign up to join the conversation.