Market News

Thermax delivered solid Q4 FY26 numbers as profit after tax climbed 19% YoY to ₹244 crore, while strong order inflows supported overall growth. The company also declared a ₹20 dividend per share.

Retail investors trimmed their stakes in 284 companies of the BSE 500 in the March quarter of FY26, the highest in at least 12 quarters, while FPIs and domestic funds quietly stepped in. Read ahead to know more.

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.

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.

V-Mart Retail Q4FY26 revenue rose 24% to ₹971 crore and earnings before interest, tax, depreciation and amortisation jumped 56%, but reported net profit fell 39% due to exceptional items. FY26 adjusted profit surged 507%.

Net profit growth in Q4 FY26: Polycab India 7%, Radico Khaitan 95%, Godrej Consumer 10%.

The Reserve Bank of India approved HDFC Bank group entities to collectively hold up to 9.95% in ICICI Bank and Kotak Mahindra Bank, valid until 5 May 2027, after combined holdings neared the 5% threshold.

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.

MRF Ltd reported a 37% rise in Q4 standalone net profit to ₹680 crore, driven by higher revenue growth. The company also announced a final dividend of ₹229 per share for FY26.

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.

Sensex jumped 941 points to close at 77,958, while the Nifty gained 298 points to end at 24,330 after reports of progress in US–Iran talks improved sentiment. GIFT Nifty near 24,491 points to a flat-to-steady start.

AU Small Finance Bank has informed exchanges that Kotak Mahindra Bank has received RBI's approval to acquire an aggregate holding of up to 9.99% in AU Small Finance Bank. Read ahead to know more.