NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on May 5

The Indian equity benchmarks are set to stage a gap down opening on Tuesday, May 5, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad dropped 125 points to 24,082 after tensions in Middle East escalated.

The Indian equity benchmarks surged on Monday as investor sentiment turned positive after Prime Minister Narendra Modi-led Bharatiya Janata Party (BJP) won West Bengal assembly elections for the first time and returned to power in Assam.

The SENSEX rose as much as 997 points and NIFTY50 index touched an intraday high of 24,290 led by gains in Reliance Industries, HDFC Bank, Larsen & Toubro, Adani Ports, Hindustan Unilever and ICICI Bank. The benchmarks, however, came off intraday highs on account of profit booking at higher levels.

The SENSEX ended 356 points higher at 77,269 and NIFTY50 index advanced 122 points to close at 24,119.

Asian markets

Most of the Asian markets were closed on account of holiday. Hong Kong's Hang Seng dropped 0.9% as tensions in Middle East escalated after Iran attacked UAE with a barrage of missiles and drones, setting an oil refinery ablaze in the eastern emirate of Fujairah and wounding three Indian nationals, ALJazeera reported.

Wall Street update

US stocks ended lower on Monday following a spike in crude oil. Dow Jones Industrial Average dropped 1.13%, S&P 500 index declined 0.41% and tech heavy Nasdaq fell 0.2%.

Crude oil update

Crude oil jumped above $114 per barrel after on Tuesday, May 5, as investors remain cautious and gauge the impact of the fresh attacks in the key maritime trading route, the Strait of Hormuz.

Latest reports suggest that the ceasefire deal between the United States and Iran remains fragile, as fresh attacks over the last 24 hours have added additional strain between the two countries at war in West Asia.

The global benchmark Brent crude oil prices (July futures) surged to over $114 per bbl in the early hours on Tuesday, India time, after the session opened higher around $113.8 per bbl, according to Investing.com data.

FII activity

Foreign institutional investors (FII) bought shares worth ₹2,835.62 crore on Monday while domestic institutional investors bought stocks worth ₹4,764.16 crore, as per NSE data.

FIIs have so far this year sold shares worth ₹1,99,993 crore, data from National Securities Depository Limited (NSDL) showed.

Q4 earnings today

Around 68 companies are slated to release their March quarter earnings today. The list includes names such as Larsen & Toubro (L&T), Mahindra & Mahindra (M&M), Punjab National Bank, Marico, Hero MotoCorp, Coforge, and United Breweries, among others.

Stocks to watch

Its consolidated net loss expanded to ₹2,132 crore in Q4 FY26, compared to a loss of ₹56 crore in the same period last year.

The bottom line was impacted by an exceptional charge of ₹1,837 crore on account of goodwill impairment in the US.

Its revenue from operations declined 2.02% YoY to ₹3,438 crore for the reporting quarter, as against ₹3,509 crore in the March FY25 quarter.

The topline was impacted by lower realisation, mainly due to lower exports to the United States. However, it was offset by higher volumes in India.

The National Company Law Appellate Tribunal (NCLAT) did not find merit in the issues raised by Vedanta and dismissed its two petitions.

A bench comprising Chairperson Justice (retired) Ashok Bhushan and Technical Member Barun Mitra held that the Committee of Creditors (CoC) was right in preferring Adani Group's ₹14,535 crore bid over Vedanta's resolution plan for JAL.

That decision was approved by the National Company Law Tribunal (NCLT), against which Vedanta went into an appeal in the NCLAT.

Justice Subramonium Prasad also imposed a cost of ₹50,000 on the airline and Singh and directed them to take immediate steps to deposit the amount of ₹144,51,69,887 with the registry.

On January 19, the court directed SpiceJet and Singh to deposit ₹144 crore with the registry within six weeks against an admitted liability of ₹194 crore, pursuant to an arbitration award against them in their dispute with Maran. On March 18, the time to make the deposit was extended by four weeks.

Singh and his budget airline had sought a reconsideration of the March 18 direction on several counts, including financial distress amid the ongoing West Asia conflict.

The MoU aims to leverage their complementary strengths in business facilitation and technological innovation, BEL said, in a statement.

While Metamind is an Indian technology firm specialising in AI-driven data analytics and digital transformation solutions, Kristellar is a next-generation Indian aerospace & defence technology startup engaged in the design, development, and manufacture of mission-critical products, systems, and solutions in aerospace and defence technologies.

The company had reported a consolidated net profit of ₹155.67 crore in the quarter ended on March 31, 2025, a regulatory filing showed.

Total expenses rose to ₹1,468.81 crore in the quarter from ₹1,165.75 crore in the same quarter a year ago.

Total income also increased to ₹1,470.79 crore from ₹1,366.67 crore in the same period a year ago.

During fiscal 2025-26, the consolidated net profit dipped to ₹450.63 crore from ₹813.55 crore seen in the year-ago period.

The company had posted a consolidated net profit of ₹188.87 crore in the corresponding quarter of the previous fiscal year.

Consolidated revenue from operations in the fourth quarter was at ₹1,572.22 crore as compared to ₹1,285.65 crore in the year-ago period, it added.

Total expenses in the fourth quarter were higher at ₹1,382.62 crore as compared to ₹1,088.2 crore in the year-ago period, it added.

For FY26, consolidated net profit was at ₹546.59 crore as compared to ₹676.95 crore in FY25.

Consolidated revenue from operations in FY26 stood at ₹5,505.57 crore as against ₹5,168.45 crore seen in FY25, the company said.

It had reported a net profit of ₹589.96 crore in the year-ago period, the stainless steel maker said in an exchange filing.

During the fourth quarter, the company's total income rose to ₹11,427.91 crore from ₹10,292.27 crore in the January-March period of the preceding 2024-25 financial year.

For the entire FY26, the company's net profit jumped to ₹3,184 crore from ₹2,499.72 crore in the year before. Total income rose to ₹43,306.14 crore during the fiscal year ended March 2026, from ₹39,603.06 crore in the 2024-25 financial year.