NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on May 8

The Indian equity benchmarks are set to stage a gap down opening on Friday, May 8, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad dropped 113 points to 24,270 after crude oil moved above $100 per barrel.

Markets ended on a flat note with a negative bas on Thursday dragged down by losses in index heavyweights like Hindustan Unilever, Tata Consultancy Services, ITC, Reliance Industries, Bajaj Finance and Sun Pharma. However, the downside was capped owing to buying interest in stocks like Mahindra & Mahindra, Kotak Mahindra Bank, NTPC, Larsen & Toubro and Eternal.

The SENSEX ended 114 points lower at 77,844.52 and NIFTY50 index declined 4 points to close at 24,326.65.

Asian markets

Japan's Nikkei fell 1.6%, China's Shanghai Composite declined 0.4% and Hong Kong's Hang Seng dropped 1.33%.

Wall Street update

US stocks ended lower on Thursday as market participants watched volatile crude oil prices.

Dow Jones fell 0.6%, tech heavy Nasdaq declined 0.13% and S&P 500 fell 0.4%.

FII/DII activity

Foreign institutional investors (FII) sold shares worth ₹340.89 crore on Thursday while domestic institutional investors bought stocks worth ₹441 crore, as per NSE data.

FIIs have so far this year sold shares worth ₹2,06,180 crore, data from National Securities Depository Limited (NSDL) showed.

Earnings today

As per the BSE list, over 65 companies are slated to report their March-quarter numbers today. The list includes names such as State Bank of India (SBI), Titan Company, ABB India, Hyundai Motor India, Bank of Baroda, Bank of India, TATA Consumer Products, Multi Commodity Exchange of India (MCX), Swiggy, Urban Company, Shipping Corporation of India, and CreditAccess Grameen, among others.

Stocks to watch

It further said that geopolitical crises are further accelerating solar and renewable energy adoption. India will cross 300+ GW of solar installations by 2030 on the back of policy support and cost advantage, it added.

According to a CNBC-TV18 report, certain existing investors are looking to exit their holdings through a clean-out trade involving up to 70.2 million shares. The block deal was initially estimated at nearly $350 million but has now reportedly been upsized to around $600 million (approximately ₹5,650 crore).

The company, which manufactures adhesives, sealants, and construction chemicals, had logged a profit of ₹427.52 crore in the January-March period a year ago, according to a regulatory filing by Pidilite Industries.

Its revenue rose 13.24% to ₹3,648.16 crore in the March quarter of FY26. It was ₹3,221.52 crore a year ago.

Pidilite Industries' total expenses increased 9.23% to ₹2,861.51 crore in the March quarter.

For the entire FY26, Pidilite Industries' profit surged 17.86% to ₹2,470.72 crore. The total consolidated income rose 11% to ₹14,867 crore.

In a regulatory filing, SBI said the executive committee will "examine the status and decide on long-term fundraising in single/multiple tranches of up to USD 2 billion under Reg-S/144A, through a public offer and/or private placement of fixed/floating rate bonds in US dollars or any other major foreign currency during FY 2026-27".

The company had posted a consolidated profit after tax (PAT) of ₹782.4 crore in the corresponding quarter of the preceding fiscal, Lupin Ltd said in a regulatory filing.

Its consolidated sales in the fourth quarter rose 32.9% to ₹7,391.9 crore against ₹5,562.2 crore logged in the year-ago period, it added.

US sales for Q4 FY2026 jumped 56.9% to ₹3,398.7 crore compared to ₹2,166.6 crore in Q4 FY2025.

India sales climbed 11.5% to ₹1,908.2 crore in Q4 from ₹1,711.3 crore a year ago.

The company had posted a net profit of ₹559.13 crore in the January-March quarter a year ago, according to a regulatory filing by Britannia Industries.

Britannia Industries' revenue from the sale of products rose 7% to ₹4,685.95 crore in the March quarter.

Its revenue from operations increased 6.46% to ₹4,718.92 crore in the fourth quarter of FY26. It was ₹4,432.19 crore a year ago.

Britannia's total expenses climbed 6.2% to ₹3,969.96 crore in Q4 FY26.

The total income of Britannia, which includes other income, rose 6.2% to ₹4,774.37 crore in the March quarter.

The Hyderabad-based fertiliser and crop protection major had posted a net profit of ₹578.46 crore in the year-earlier quarter, according to a regulatory filing.

The total income, however, rose to ₹6,003.66 crore for the January-March quarter from ₹4,988.39 crore a year ago. Expenses climbed to ₹5,769.93 crore against ₹4,723.65 crore in the same period.

For the full 2025-26 fiscal, its consolidated net profit fell 7.62% to ₹1,898.14 crore from ₹2,054.71 crore in the preceding fiscal year, while total income surged to ₹31,827.45 crore from ₹24,443 crore.

It had posted a net profit of ₹18.51 crore for January-March FY25, according to a regulatory filing from V-Mart, a value retailer.

Revenue from operations was up 24.5% to ₹970.89 crore in the March quarter. Total expenses were higher by 23% to ₹963.99 crore.

Income from 'Retail Trade' was at ₹965.02 crore, and ₹9.9 crore came from 'Digital Marketplace'.

The total income of V-Mart, which includes other income, in the March quarter was at ₹975.61 crore, up 24.7% year-on-year.

In the entire FY26, the profit was up twofold to ₹124 crore. Total income rose 16.5% to ₹3,804.40 crore.

The company had reported a consolidated net profit of ₹1.52 crore in the January-March quarter a year ago, according to a regulatory filing.

Revenue from operations was up 8.65% at ₹655.36 crore in the March quarter of FY26. It was at ₹603.14 crore in the corresponding quarter a year ago.

This was "driven by healthy guest count momentum and strong brand connect.

Same Store Sales Growth (SSSG) stood at 1.5% for the quarter, with momentum building progressively through the quarter," Westlife Foodworld said in an earnings statement.

The company had posted a consolidated net profit of ₹493.67 crore in the corresponding quarter of the previous financial year.

Total revenue during the January-March period rose to ₹1,630 crore from ₹926.38 crore in the year-ago period, according to a regulatory filing.

The board has recommended a final dividend of ₹10 per equity share for FY26, subject to shareholders' approval at the ensuing annual general meeting.

With this, NTPC EDMC Waste Solutions Private Limited (NEWS) will become a wholly owned subsidiary of NTPC, which presently holds a 74% stake, the power giant said in an exchange filing.

"NTPC has signed an agreement with the Municipal Corporation of Delhi and NTPC EDMC Waste Solutions Private Limited for the termination of the Joint Venture Agreement dated 11th June 2019 and the acquisition of MCD’s 26% shareholding (52,000 equity shares) in NEWS," the filing said.

The NTPC Board and House of Corporation, MCD, have accorded approval for the purchase of MCD’s 26% stake in NEWS by NTPC.

It had reported a net profit of ₹205 crore in the year-ago period, the company said in an exchange filing.

During January-March, the company's total income rose to ₹3,481.75 crore from ₹3,123.25 crore in the fourth quarter of the preceding 2024-25 financial year.

The board has recommended a final dividend of ₹14. Further, marking Thermax's 60th anniversary milestone, the board has declared a special dividend of ₹6 per share.

As of March 31, 2026, the order balance for the quarter was ₹13,604 crore (₹10,693 crore), up 27% from the corresponding quarter of the previous year.

The company had reported a net profit of ₹67.8 crore in Q4FY25.

Total revenue for the fourth quarter of FY26 stood at ₹533.7 crore, compared to ₹534.9 crore in the year-ago period.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) also declined 1.94% YoY to ₹122.8 crore during the quarter under review, as against ₹125.2 crore in the same period of the preceding fiscal.

The company said during the March quarter it handled 1.98% more cargo at 1,88,179 TEUs (Twenty-foot Equivalent Units), compared to 1,84,518 TEUs in the corresponding quarter a year ago.

As part of the agreement, the companies will position Vinpearl as a preferred Vietnam partner, backed by exclusive inventory and priority availability.

"Vietnam has emerged as one of the most exciting growth markets for Indian travellers, and our partnership with Vinpearl reflects our strategic intent to strengthen our leadership in the destination. As leaders in India's travel and tourism sector, we see a significant opportunity in combining our omnichannel reach, strong consumer base, and market expertise with Vinpearl's world-class hospitality and entertainment ecosystem.

The company had posted a net profit of ₹312.73 crore in the January-March quarter a year ago, according to a regulatory filing.

Its revenue from operations jumped 7.34% to ₹3,038.02 crore in Q4 FY26, compared to ₹2,830.14 crore in the corresponding quarter of the preceding fiscal.

The company's total expenses stood at ₹2,738.37 crore in the March quarter, up 7% YoY.

Dabur India’s total income rose 8.13% YoY to ₹3,213.05 crore.

The infrastructure company had reported a net profit of ₹72.4 crore in the year-ago quarter, the company said in a regulatory filing.

During the January-March period of FY 2025-26, the company's revenue from operations rose to ₹1,386.5 crore, up 37% year-on-year from ₹1,011.6 crore in the same quarter of the preceding financial year.

The company's chairman and managing director, Ramneek Sehgal, said for the full FY26, consolidated revenue reached ₹4,022.4 crore, up 17% YoY, with an EBITDA of ₹585.4 crore and margins of 14.6%, "supported by disciplined cost management and improving execution efficiency".