Stock Market Today: Sensex, Nifty Rise as Oil Prices Fall, Q4 Results Boost Sentiment
Sensex and Nifty opened higher today as crude oil prices eased, US-Iran ceasefire hopes returned and strong Q4 results from select companies lifted market.
By Srajan Agarwal | 2026-05-06T12:00:30.210480+05:30
Indian stock markets ended lower on May 5, giving up most of the gains made in the previous session. The Nifty, however, managed to stay above the 24,000 level despite mixed movement across sectors.
At the closing bell, the Sensex fell 251.61 points, or 0.33%, to settle at 77,017.79. The Nifty dropped 86.50 points, or 0.36%, to close at 24,032.80.
Broader markets performed better than the main indices. The Nifty Midcap and Smallcap indices ended with mild gains, showing some strength outside large-cap stocks.
The rupee also remained under pressure. It weakened for the fifth straight session and touched a fresh intraday record low of 95.43 per dollar, slipping past its previous low of 95.33 recorded on April 30. The rupee finally closed at 95.29 per dollar, down 21 paise from its previous close of 95.08.
Among Nifty stocks, Jio Financial Services, ICICI Bank, Coal India, Tech Mahindra and Eternal were the major losers. On the other hand, Mahindra & Mahindra, UltraTech Cement, Nestlé India, Bajaj Finserv and Hindalco Industries ended among the top gainers.
Sector-wise, auto, FMCG, power, pharma and telecom indices gained around 0.5% each. However, realty fell 1.4%, consumer durables slipped 1%, and private banking declined 0.5%.
Top Gainers — Q4 Results
| COMPANY | WHAT HAPPENED | NUMBERS | |
|---|---|---|---|
| Hero MotoCorp | Best quarterly profit in years. Dividend declared. | Profit +30% YoY | |
| Mahindra & Mahindra | SUV and tractor sales drove strong numbers. Dividend ₹33/share. | Profit +42% YoY | |
| Coforge | IT mid-cap had a big jump in profit. Strong revenue growth. | Profit +135% YoY | |
| Poonawalla Fincorp | NBFC with best quarter ever. Loans grew 69% in a year. | Profit +309% YoY | |
| J&K Bank | Regional bank doing well. Bad loans also reduced. | Profit +36.5% YoY | |
| Wockhardt | From loss to profit. Pharma company's best result in years. | Turned profitable |
Top Losers — Q4 Results Not So Good
| COMPANY | WHAT HAPPENED | NUMBERS | |
|---|---|---|---|
| L&T | Profit fell 3% because of a one-time employee benefit charge of ₹1,155 crore. | Profit ₹5,326 Cr ▼3% | |
| IndiaMART | Online B2B marketplace had a terrible quarter. Profit crashed. | Profit −72.2% YoY | |
| Shoppers Stop | Retail chain reported a net loss. Revenue grew but costs went up more. | Net loss ₹16.35 Cr | |
| Raymond | Lifestyle segment had a poor quarter. Profit dropped sharply. | Profit −53% YoY | |
| Adani Enterprises | Reported a net loss in Q4. Continued pressure from global cues. | Net loss ₹166.79 Cr | |
| Central Bank of India | PSU bank profit fell. Part of the broader banking sector weakness. | Profit down ~30% |
IndiGo, GMR Airports, SpiceJet jumped up to 11% today. Lower crude oil directly means cheaper jet fuel, which is the biggest cost for airlines. So when oil falls, aviation stocks go up fast. This is one of the most direct relationships in the market.
Dividends Announced — Who Is Paying What
Several companies declared dividends with their Q4 results. If you want to receive these, you need to hold the shares before the ex-date is set (to be announced by each company in the coming days).
| COMPANY | DIVIDEND / SHARE | TOTAL FY26 DIVIDEND | NOTE |
|---|---|---|---|
| Hero MotoCorp | ₹75 (final) | ₹185/share total | Includes ₹110 interim paid earlier |
| Mahindra & Mahindra | ₹33/share | — | Along with strong Q4 results |
| Marico | Considering dividend | FY25 was ₹10.50/share | Board to decide amount |
| Coforge | Considering dividend | Past: ₹4/share quarterly | 135% profit jump supports this |
| SRF | Considering dividend | FY26 interim: ₹9/share | Board meeting held May 5 |
| United Breweries | Considering dividend | FY25 was ₹10/share | Typically consistent payer |
| Poonawalla Fincorp | Considering dividend | Past: ₹2/share | Record profit quarter |
Results Coming Today (May 6) — Stocks to Watch
- Bajaj Auto — India's second biggest two-wheeler maker. After Hero Moto's strong numbers, Bajaj will be under pressure to match up.
- Polycab India — Cables and wires company. Infrastructure demand will show up here. Strong electricity demand post-summer has been driving these companies.
- Blue Star — AC and cooling equipment. Peak summer = big quarter expected.
- Godrej Consumer Products — FMCG. Rural demand recovery is key to watch in their numbers.
- Shree Cement — Cement demand is linked to real estate and government projects. Election results in Bengal may boost infra spending expectations.
- One 97 Communications (Paytm) — Always watched closely. Fintech company has had a rough past two years. Any profit quarter would be a positive surprise.
- Hexaware Technologies — Mid-cap IT. Comes after Coforge's 135% jump. Expectations will be high.
- Meesho — Unlisted quick commerce company reporting results for context only. No trading action but industry watchers follow it.
What to Watch Next Week
- US-Iran ceasefire talks in Islamabad (Friday, May 8): Pakistan's PM Shehbaz Sharif has invited both sides for talks in Islamabad. If a deal happens, crude could fall further — which is great for India. Watch crude oil at News4Bharat
- Nifty level to track — 24,100 and 24,300: Analysts say if Nifty closes above 24,100 for two straight days, the next target is 24,300. If it falls below 23,950, the support zone breaks and 23,400–23,800 becomes the next stop down.
- Bank Nifty (54,000–56,500 range): Banking stocks are still weak. Watch this range. PSU bank results have been mixed. HDFC Bank, ICICI Bank, and SBI will be the ones to decide if banking recovers next week.
- Cigniti Technologies record date (May 16): Cigniti has merged with Coforge. The swap ratio is 1:1 — so for every Cigniti share you hold, you get one Coforge share. Record date is May 16. If you hold Cigniti, keep an eye on this.
- US jobs data (Friday, May 8): America publishes how many new jobs were created in April. A strong number pushes the US dollar up, which pushes the rupee down. A weak number does the opposite. Either way, Indian markets on Monday will react to this data.
- RBI policy commentary: RBI has already cut rates four times in 2026. Markets want to know if more cuts are coming. Any hints from RBI governor in the coming days will move banking stocks.
- West Bengal government formation: BJP winning Bengal is expected to lead to higher spending on infrastructure in the state. Companies like L&T, HAL, and BEL may benefit from new government orders. Watch for policy announcements next week.
Source URL: https://news4bharat.com/markets/stock-market-today-sensex-nifty-rise-oil-prices-q4-results/