Market News

4 min read | Updated on May 11, 2026, 16:56 IST
SUMMARY
On May 11, the SENSEX plunged by 1,312.91 points or 1.7-% to close at 76,015.28. Meanwhile, the NIFTY50 tanked by 360.30 points or 1.49% to settle at 23,815.85.
Stock list

The SENSEX tumbled as much as 1.77% to hit an intraday low of 75,957.40 on May 11. | Image: Shutterstock
On Friday, the foreign institutional investors (FIIs) sold stocks worth ₹4,110.60 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹6,748.13 crore on a net basis, according to exchange data.
The SENSEX tumbled by as much as 1.77% to hit an intraday low of 75,957.40, while the NIFTY50 declined as much as 1.56% to reach the session’s low of 23,799.10.
On May 11, the SENSEX plunged by 1,312.91 points or 1.7-% to close at 76,015.28. Meanwhile, the NIFTY50 tanked by 360.30 points or 1.49% to settle at 23,815.85.
Titan Company dragged the NIFTY50 index as it closed 6.85% lower. The stock fell despite the company reporting a 35% jump in consolidated net profit at ₹1,179 crore on Friday for Q4 FY26 as compared to ₹871 crore in the same period last year.
It was followed by InterGlobe Aviation (-4.73%), State Bank of India (-4.36%), Eternal (-4.03%) and Jio Financial Services (-3.81%), which were among the top losers on Monday.
Shares of InterGlobe Aviation (Indigo) declined as tourism-related stocks came under pressure, as Prime Minister Narendra Modi stressed the need to save foreign exchange due to the crisis and urged Indians to curb non-essential foreign travel for one year.
Furthermore, the stock of the State Bank of India (SBI) tumbled as its earnings for the March quarter of FY26 failed to impress investors. It posted a 5.58% year-on-year (YoY) increase in its profit after tax (PAT) to ₹19,684 crore during the quarter under review, compared to ₹18,643 crore in Q4 FY25. However, its domestic net interest margin (NIM) fell by 21 basis points (bps) YoY to 2.93% for the reporting quarter, from 3.14% in the March quarter of FY25.
On the other hand, the top gainers included Tata Consumer Products (8.05%), Max Healthcare Institute (2.72%), Coal India (1.59%), Sun Pharmaceutical Industries (1.47%) and Hindustan Unilever (0.97%).
NSE’s NIFTY Midcap 100 gauge fell by 1.05% or 652.50 points to end at 61,258.40 on May 11.
The index was weighed down by selling in the shares of Kalyan Jewellers India, which lost 9.10%, as Prime Minister Narendra Modi has urged the citizens to avoid non-essential gold purchases for one year to reduce pressure on foreign exchange outflows and encouraged them to prioritise Made-in-India and locally manufactured products, including daily-use items such as shoes, bags, and accessories.
The other top laggards were Swiggy (-5.90%), Lupin (-5.74%), Billionbrains Garage Ventures (-4.93%) and Godrej Properties (-4.46%).
On the flip side, the top winners included Vodafone Idea (8.45%), UPL (3.56%), Laurus Labs (3.39%), Bank of India (3.10%) and Biocon (3.06%).
The NIFTY Smallcap 100 index declined by 1.13% or 211.20 points to close at 18,525.80.
Urban Company (-9.72%), Aditya Birla Real Estate (-7.67%), Deepak Fertilizers And Petrochemicals Corporation (-5.14%), NBCC (-4.91%) and Whirlpool of India (-4.71%) were among the top losers.
Urban Company shares tumbled 11% to touch an intraday low of ₹124.40 apiece on May 11 as the company’s consolidated net loss widened to ₹161 crore for the March quarter of FY26, mainly on account of investment in the new service InstaHelp.
On the contrary, Affle 3i stock closed 9.01% higher, and during the trading session, advanced as much as 11.87% to hit an intraday high of ₹1,685.45 apiece on the National Stock Exchange (NSE), after its net profit jumped 16% to ₹119 crore in the March quarter. Its revenue from operations rose 20% annually to ₹724 crore.
Shares of JBM Auto, which ended 4.88% higher, were in demand ahead of its earnings announcement scheduled for today. Furthermore, they were also in demand following Prime Minister Narendra Modi's appeal to increase the use of public transportation and reduce fuel consumption amid rising crude oil prices and geopolitical tensions in West Asia.
The other top gainers were Ather Energy (5.24%), Syngene International (4.67%) and Narayana Hrudayalaya (3.50%).
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