Latest Stock Market News

Swiggy share price: Swiggy s shares faced a dip following the report of a wider net loss in Q1 FY26. Despite the loss, revenue saw a sharp increase. The company attributes the loss to investments in quick commerce and supply chain services. Motilal Oswal has raised Swiggy s target price, citing positive trends in average order value.

Sun Pharma share price: Sun Pharmaceutical s shares declined following a reported 20% YoY drop in Q1FY26 net profit, despite a 10% increase in revenue. Brokerages offer mixed recommendations: Nuvama suggests Hold, while Avendus upgrades to Add, anticipating future gains from India formulations and innovative drugs. Motilal Oswal maintains a Buy rating, citing a strong portfolio, but lowers the target price due to increased expenses.

Indian benchmark indices Sensex and Nifty50 opened lower on Friday following the U.S. imposition of steep tariffs on several trading partners, including reaffirming a 25% duty on imports from India. Investors viewed the tariff announcement as a pressure tactic and remained hopeful for resolution through ongoing negotiations. Sun Pharma dropped nearly 5% after reporting a decline in consolidated net profit.

Following Trump s tariff announcement, Indian traders are divided. Some are betting on Trump softening his stance, while others fear the impact on India s safe haven status. Experts suggest key sectors like IT, consumption, and financials remain strong. However, concerns linger about potential capital outflows and the impact on specific sectors like pharma and auto ancillaries.

The Reserve Bank of India (RBI) likely intervened in the foreign exchange market on Friday to bolster the rupee, which opened nearly flat at 87.60 against the dollar. This action comes amid concerns over potential U.S. trade tariffs and continuous foreign portfolio outflows from Indian equities. Several traders reported state-run banks offering dollars from the 87.

Reliance Power and Reliance Infrastructure shares declined following the Enforcement Directorate s summons to Anil Ambani over an alleged Rs 17,000-crore loan fraud. The ED s investigation involves searches at multiple locations and focuses on suspected fund diversions. SEBI has also submitted findings on Reliance Infrastructure s dealings with CLE Pvt Ltd, alleging disclosure violations and related-party transaction breaches.

Hindustan Unilever s shares surged following a seven-quarter high revenue growth of 5% in Q1 FY26, prompting brokerages to raise target prices. The company s net profit rose 7.6% YoY, with analysts citing improved macro conditions and strategic interventions by the new CEO as drivers for future growth and margin recovery. Brokerages largely recommend holding or accumulating the stock.