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EQUITY
Post Session: Quick Review
May-11-2026

Indian equity benchmarks ended sharply lower on Monday, with both the Sensex and Nifty closing with around 1.5% cut, amid weak global cues and persistent geopolitical tensions. Sentiments remained downbeat after the United States and Iran failed to reach a peace agreement, raising concerns over potential supply disruptions through the Strait of Hormuz. Markets made gap-down opening and witnessed heavy selling throughout the session, after Prime Minister Narendra Modi urged citizens to prioritise work from home, avoid international travel for a year, and not purchase gold during this period as well.

Some of the important factors in trade:

India's forex reserves dropped by $7.79 billion: Sentiments remained weak after the RBI said India's forex reserves dropped by $7.79 billion to $690.69 billion during the week ended May 1. In the previous reporting week ended April 24, the overall reserves had declined by $4.82 billion to $698.48 billion.

India’s economic growth to slow sharply in current fiscal year: Market participants remained watchful, as BMI said that India’s economic growth is likely to slow sharply in the current fiscal year as the lingering effects of last year’s tax cuts begin to fade and soaring crude oil prices linked to the Iran conflict squeeze consumption, investment and inflation.

Sustained FIIs outflow: Traders were cautious amid selling by foreign investors. Foreign Institutional Investors (FIIs) remained net sellers, pulling out Rs 4,110.60 crore from equities on May 8, 2026. 

On the global front: European markets were trading mostly in red after U.S. President Donald Trump rejected Iran's latest proposal to end the months-long conflict now stretching over two months. Asian markets closed mostly in green after Taiwan's foreign trade surplus increased notably in April from a year ago as exports grew much faster than imports.

The BSE Sensex ended at 76015.28, down by 1312.91 points or 1.70% after trading in a range of 75957.40 and 76678.52. There were 4 stocks advancing against 26 stocks declining on the index. (Provisional)

The only gaining sectoral index on the BSE was Healthcare up by 0.61%, while Consumer Durables down by 3.76%, Realty down by 2.74%, Consumer Discretionary down by 2.14%, Power down by 2.13% and Capital Goods down by 2.09% were the top losing indices on BSE. (Provisional)

The few gainers on the Sensex were Sun Pharma up by 1.40%, Hindustan Unilever up by 0.97%, Adani Ports and Special Economic Zone up by 0.36% and ICICI Bank up by 0.13%. On the flip side, Titan Company down by 6.85%, Interglobe Aviation down by 4.80%, SBI down by 4.37%, Eternal down by 4.29% and Bharti Airtel down by 3.88% were the top losers. (Provisional)

Meanwhile, the Commerce Ministry has said that India and Canada will hold the next round of negotiations for the proposed free trade agreement (FTA) in July in Ottawa, Canada. The second round of negotiations for the proposed Comprehensive Economic Partnership Agreement (CEPA) was held from May 4 to May 8 in New Delhi. Both sides described the negotiations as ‘constructive and productive’ and reaffirmed their shared commitment to advancing a balanced, ambitious, and mutually beneficial agreement aimed at strengthening bilateral trade and economic ties. 

The Ministry said during the second round, the discussions covered areas including trade in goods, services, intellectual property, rules of origin, sanitary and phytosanitary measures, and technical barriers to trade, among others. It said the negotiations are important as the two sides have fixed a target to increase the bilateral trade to $50 billion by 2030. It noted that bilateral trade between the two countries stood at $8.66 billion in FY25, with India exporting goods worth $4.22 billion and importing goods worth $4.44 billion. 

Canada represents a market of 41.65 million people (2025) and a GDP of $2.34 trillion at purchasing power parity. India’s key exports to Canada include pharmaceuticals, iron and steel, seafood, cotton garments, electronic goods and chemicals, among others, while major imports include pulses, pearls and semi-precious stones, coal, fertiliser, paper and petroleum crude. India also exports significant services to Canada, particularly in telecommunications, computer and information services, and other business services.

The CNX Nifty ended at 23815.85, down by 360.30 points or 1.49% after trading in a range of 23799.10 and 23997.45. There were 13 stocks advancing against 37 stocks declining on the index. (Provisional)

The top gainers on Nifty were Tata Consumer Products up by 8.06%, Max Healthcare Inst up by 2.72%, Coal India up by 1.76%, Sun Pharma up by 1.34% and Hindustan Unilever up by 0.85%. On the flip side, Titan Co down by 6.86%, Interglobe Aviation down by 4.94%, SBI down by 4.48%, Bharti Airtel down by 4.07% and Eternal down by 4.03% were the top losers. (Provisional)

European markets were trading mostly in red; France’s CAC fell 80.97 points or 1% to 8,031.60 and Germany’s DAX lost 107.43 points or 0.44% to 24,231.20, while UK’s FTSE 100 increased 18.29 points or 0.18% to 10,251.36.

Asian markets ended mostly higher on Monday tracking Wall Street’s gains last Friday on the back of upbeat US labour data and strength in Nvidia, SanDisk and other AI-related stocks. Data showed that non-farm payroll employment shot up by 115,000 jobs in April after an upwardly revised 185,000 jobs in March, while the unemployment rate held steady at 4.3%, reinforcing expectations that the Federal Reserve is likely to leave interest rates unchanged for some time. Chinese shares surged, supported by strong trade data and as inflation data topped estimates. Data showed that China's consumer inflation continued a mild recovery in April while producer inflation surged to a 45-month high. China's April exports jumped 14.1% year-on-year to $359.4 billion, well above expectations of a 7.9% rise, while imports surged 25.3% to a record $274.6 billion, lifting the trade surplus to $84.8 billion. However, Nikkei fell from record highs as oil prices surged after US President Donald Trump rejected Iran’s response to his peace proposal, leaving the Strait of Hormuz effectively shut. Investors shifted their focus on the upcoming Trump-Xi meeting in Beijing, where discussions are expected to cover the Middle East conflict, Taiwan, and potential renewed trade talks.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

4,225.02

45.07

1.08

Hang Seng

26,406.84

13.13

0.05

Jakarta Composite

6,905.62

-63.78

-0.92

KLSE Composite

1,745.31

-2.75

-0.16

Nikkei 225

62,417.88

-295.77

-0.47

Straits Times

4,942.77

20.87

0.42

KOSPI Composite

7,822.24

324.24

4.32

Taiwan Weighted

41,790.06

186.12

0.45
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