NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on May 11

The Indian equity benchmarks are set to stage a gap down opening on Monday, May 11, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad dropped 180 points to 24,055 mirroring losses in most of other Asian markets.

The markets came under selling pressure after Iran sent its response to the latest US proposal to end the Iran war via Pakistani mediators on Sunday, but US President Donald Trump quickly rejected it in a social media post as “TOTALLY UNACCEPTABLE!” — the latest setback to efforts to resolve the standoff in the Persian Gulf that has throttled shipping and sent energy prices soaring.

The Indian equity benchmarks fell for a second straight session on Friday as investor sentiment turned cautious after crude oil prices moved above $100 per barrel while the country's largest lender State Bank of India's March quarter earnings failed to enthuse investors. The SENSEX fell as much as 698 points and NIFTY50 index touched an intraday low of 24,127.

The SENSEX ended 516 points lower at 77,328 and NIFTY50 index dropped 150 points to close at 24,176.

Asian markets

Japan's Nikkei fell 0.31%, Hong Kong's declined 0.5% while China's Shanghai Composite 0.7% and South Korea's KOSPI index climbed 4.4%.

Back home, Prime Minister Narendra Modi urged people to revive work-from-home practices, cut fuel consumption and even avoid buying gold for weddings for one year to help the country save foreign exchange amid geopolitical tensions in West Asia.

Wall Street update

US stocks surged to record highs on Friday after a strong jobs data boosted investors' sentiment. Dow Jones Industrial Average ended 0.02% higher, S&P 500 index advanced 0.84% and tech heavy Nasdaq climbed 1.71%.

US stocks advanced after a report suggested that US employers added 1,15,000 more jobs than they cut last month, even though the war with Iran is raising fuel costs and uncertainty for everyone.

FII/DII activity

Foreign institutional investors (FII) sold shares worth ₹4,110.60 crore on Friday while domestic institutional investors bought stocks worth ₹6,748.13 crore, as per NSE data.

FIIs have so far this year sold shares worth ₹2,06,200 crore, data from National Securities Depository Limited (NSDL) showed.

Q4 earnings today

Several companies will post their earnings for the quarter ended March 2026 today. They include public sector lender Canara Bank, power company JSW Energy, Tata Group's hospitality arm Indian Hotels Company, pharmaceutical player Abbott India, aggrotech firm UPL, drug maker JB Chemicals and Pharmaceuticals, financial services firm Nuvama Wealth Management, general insurance company New India Assurance Company and steel manufacturer Shyam Metalics & Energy.

Stocks to watch

The company has ten sugar factories in UP having an aggregate sugarcane crushing capacity of 80,000 tonnes per day. It also has distillery and co-generation operations of 1,050 kilo litre per day and 175.7 MW, respectively.

The approval will pave the way for NTPC to begin work on its first standalone nuclear project in India as the PSU is keen to achieve at least 2 GW of nuclear capacity by 2032.

Titan, whose FY26 topline crossed ₹75,000 crore, said the company's gold exchange programme has been running successfully since the third quarter and it has further strengthened sourcing flexibility for its jewellery businesses.

West Asia accounts for 40-50% of the company's alumina shipments.

The PSU bank’s net interest income (NII) rose 9% to ₹12,494 crore year-on-year (YoY) as against ₹11,954 crore in Q4 FY25.

The bank continues to maintain strong asset quality, with gross non-performing assets (NPA) at 1.89%, compared to 2.04% in the previous quarter. Net NPA for Q4 FY26 came in at 0.45% as against 0.57% quarter-on-quarter (QoQ).