Share Market News

Brent crude rose above $110 on 18 May as drone strikes on a UAE nuclear plant and fresh Iran war threats from President Trump deepened fears of wider regional escalation.

Bharti Airtel has overtaken HDFC Bank to become India's second most valued company by market capitalisation, with its stock jumping over 11% across four consecutive sessions. Reliance Industries continues to hold the top spot. Read ahead to know more.

At the closing bell, the Sensex and the Nifty recovered from early losses and ended the day marginally higher, with the Nifty IT index providing support.

Power Grid Corporation of India shares declined after weak Q4 results, as revenue and EBITDA fell while margins narrowed to 78%. Net profit rose 10% due to deferred tax adjustments despite higher expenses.

SEBI has eased onboarding norms for foreign portfolio investors after new tax rules created registration hurdles. It aims to simplify PAN approvals and prevent challenges in overseas investment flows.

Steel Authority of India Limited reported a 46.7% rise in Q4 FY26 net profit to ₹1,835 crore, while revenue increased 5.1% and EBITDA margin expanded to 14.3%.

Hindustan Copper posted Q4FY26 net profit of ₹444.27 crore, up 137.3% YoY, while revenue surged 58% to ₹1,156 crore. PBT jumped 129.1% to ₹592.21 crore; EPS rose to ₹4.59. Final dividend of ₹1.86/share recommended.

India has restricted silver imports after record inflows in FY26, raising concerns over tighter supply and higher domestic premiums. Find out how the move could impact silver prices.

ITC Hotels reported a strong Q4FY26 performance with profit increasing 23% to ₹317 crore on higher revenues and operational improvement.

SEBI has relaxed borrowing rules for highly leveraged InvITs, allowing additional debt for capital expenditure, road maintenance and refinancing while also clarifying post-project SPV treatment norms.

Indian companies across the auto, IT, textiles, and staffing sectors are ramping up share buybacks in May. At the same time, SEBI is proposing major rule changes to make buybacks faster and simpler.