Stocks to Watch: GMR Airports, ONGC, Coal India Among Top 10 Shares Under Investor Focus

Market Sentiment Takes a Hit as Benchmark Indices End Two-Session Gaining Streak

The Indian stock market experienced a decline on Tuesday, May 26, as profit booking, weak global sentiment, and rising crude oil prices took a toll on market sentiment. The Sensex, India's benchmark index, declined by 479 points, or 0.63%, to settle at 76,009.70. The Nifty 50, another key index, fell by 118 points, or 0.49%, to close at 23,913.70.

In contrast, the broader markets remained resilient, with the BSE 150 Midcap index advancing 0.33% and the BSE 250 Smallcap index gaining 0.21%. However, market trends suggest that the market may continue its losing streak, with the Gift Nifty index indicating a muted opening on Wednesday.

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Indian equity markets are likely to witness another highly volatile session today as traders navigate a compressed expiry setup, geopolitical uncertainty in West Asia, and elevated crude oil prices ahead of the mid-week market holiday. Gift Nifty is currently indicating a flat to cautiously weak opening near the 23,930 zone, reflecting hesitation after recent sharp swings in benchmark indices.

Some stocks are likely to remain in focus on Wednesday due to their own positive/negative triggers. Among these stocks are GMR Airports, Physicswallah, PC Jeweller, and Cummins India, which will declare their Q4 results 2026 today.

Coal India Limited, a state-owned miner, has announced that the Government of India will divest up to a 2% stake in the company through the offer for sale (OFS) route between May 27 and May 29.

Other notable companies that have announced their Q4 results include Brainbees Solutions, which reduced its consolidated net loss to ₹30.30 crore in the quarter ended March, compared with ₹77 crore in the corresponding period last year, marking a 61% decline. ONGC posted a mixed performance in Q4, with revenue increasing 13.9% quarter-on-quarter to ₹35,928 crore.

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JK Tyre & Industries posted a robust performance in the fourth quarter, with net profit jumping 80.2% year-on-year to ₹178 crore. Revenue grew 12.4% to ₹4,223.4 crore, while EBITDA climbed 47.9% to ₹537.1 crore.

Siemens posted a mixed set of results for the fourth quarter, with revenue increasing 14.6% year-on-year to ₹4,617.5 crore. Larsen & Toubro announced that it has won several orders in India, including a contract from JSW Utkal Steel Ltd and two projects from the Inland Waterways Authority of India.

Canara Bank's board meeting is scheduled for June 2 to review and approve the capital raising plan for FY2026–27. Saatvik Green Energy has secured an order valued at ₹171.45 crore from a leading independent power producer/EPC player for the supply of solar PV modules.