Share Market News

The Securities and Exchange Board of India has discontinued the IRRA platform introduced in 2023 to support brokers during system outages. The regulator said improved cybersecurity and disaster recovery systems have reduced the need for such platforms.

ACME Solar nearly doubled FY26 net profit to ₹498 crore as revenue rose 59.2% and battery storage assets began generating ₹2.2 crore per day through merchant market arbitrage.

Pidilite Industries shares rose 4.5% in early trade after Q4 FY26 net profit jumped 36.6% to ₹584 crore, driven by higher sales, lower input costs and strong margin expansion across consumer and B2B segments.

BSE saw a 61% increase in quarterly profit to ₹797 crore. Revenue also jumped 85% thanks to strong growth in transaction charges.

Fresh tensions in the Middle East took a toll on investors’ confidence. At the same time, weakness in banking stocks pulled down the Sensex and the Nifty 50.

Adani Group’s $100 billion AI and green data centre expansion lifted its energy stocks sharply as investors bet on rising power demand. Read more about India’s emerging AI infrastructure story.

Indian benchmark indices may begin Friday’s session cautiously amid negative global signals, with several stocks in focus due to quarterly earnings, fundraising proposals, and strategic business announcements.

Sensex closed 114 points lower at 77,844, while the Nifty 50 finished almost unchanged at 24,326 on 7 May 2026 as investors kept an eye on US-Iran developments and the ongoing March-quarter earnings season. GIFT Nifty at 24,380 indicated a subdued start for Friday’s trade.

FIH Mauritius Investments, a wholly-owned subsidiary of Fairfax India, has launched an open offer to acquire up to 26% of IIFL Capital Services at ₹350 per share, taking the total outlay of the Fairfax group in IIFL Capital to as much as ₹5,505 crore. Read ahead to know more.

KPIT Technologies reported a 33% year-on-year fall in Q4 FY26 profit to ₹163 Cr despite double-digit revenue growth. Rising operating costs, weak investor sentiment and continued pressure on the global mobility sector kept the stock under pressure, with shares falling more than 4% on 7 May.

India is steadily expanding its anti-drone and defence technology ecosystem as demand for counter-drone systems rises globally. Several listed companies are now gaining investor attention due to their presence in defence electronics, radar, and surveillance solutions.

India's top six mutual funds by assets under management are led by Parag Parikh Flexi Cap and five other schemes. HDFC Mid Cap stands out on returns, delivering 93.94% over three years, while ICICI Prudential Large Cap rounds out the list.