NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%
NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%

Market Benchmarks Witness Profit Booking Amid US-Iran Deal Uncertainties

On Tuesday, 26 May, the Indian stock market benchmarks, the Sensex and the Nifty 50, experienced a decline in value following a day of healthy gains. The Nifty 50 dropped to near 23,950 during the session, while the Sensex declined by over 300 points to the day's low of 76,181. This downturn was largely attributed to the surge in crude oil prices, which jumped over 3% during the day.

Most Traded Stocks

Several stocks were among the most traded on the National Stock Exchange (NSE) on Tuesday. These included Vodafone Idea, Jaiprakash Power Ventures (JP Power), Suzlon Energy, Davangere Sugar Company, Adani Power, Fineotex Chemical, YES Bank, HFCL, and Bharat Coking Coal. Additionally, Apollo Micro Systems, Ola Electric Mobility, PC Jeweller, Pine Labs, GTL Infrastructure, Tata Silver Exchange Traded Fund, Tata Gold Exchange Traded Fund, Sun Pharma Advanced Research Company, Vedanta, Reliance Power, and Wipro also saw significant trading activity on the NSE.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

Key Performers

Vodafone Idea was among the top performers, with more than 51 crore shares changing hands as the stock climbed 1% to hit its 52-week high of ₹14.17 during the session. This marked the sixth consecutive session of gains for the stock, which has surged 38% so far in May after a 20% rise in April. CRISIL Ratings had assigned a "CRISIL A -" rating with a stable outlook on Vodafone Idea's ₹35,000 crore bank facilities in an exchange filing on 25 May.

JP Power also experienced significant trading activity, with more than 14 crore shares changing hands as the stock jumped 4% during the session. The stock has risen for the fourth consecutive session, following the finalization of agreements between Adani Power and Jaiprakash Associates to purchase a 24% stake in JP Power and the 180 MW Churk thermal power plant located in Uttar Pradesh.

Suzlon Energy was another notable performer, with over 14 crore shares changing hands as the stock rose 3% during the session. The company had reported its March quarter results the previous day, which showed a 5.74% year-on-year (YoY) decline in consolidated profit to ₹1,114.35 crore for Q4FY26. Revenue from operations for the March quarter jumped 45% YoY to ₹5,468.06 crore, while EBITDA jumped 39% YoY to ₹964 crore, with an EBITDA margin of 17.6% compared to 18.4% YoY.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

StockPercentage Change52-Week High
Vodafone Idea1%₹14.17
JP Power4%-
Suzlon Energy3%-

Comparison of Key Performers

StockQ4FY26 Profit (YoY)Q4FY26 Revenue (YoY)Q4FY26 EBITDA (YoY)
Vodafone Idea---
JP Power---
Suzlon Energy-5.74%45%39%

Note: The comparison table is based on the information provided for Suzlon Energy's Q4FY26 results. The figures for Vodafone Idea and JP Power are not available in the original text.

Investor Takeaway

Investors should remain cautious due to persisting uncertainties over a potential US-Iran deal.

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