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Sensex Today Tanks 1,313 | Nifty Below 23,850 | Canara Bank Down 3%
Mon, 11 May Closing

Sensex Today Tanks 1,313 | Nifty Below 23,850 | Canara Bank Down 3%Image source: Chunumunu/www.istockphoto.com

Although the benchmark indices opened lower, they traded negative throughout the session and ultimately closed red.

Indian equity benchmarks indices, Sensex and Nifty50 slumped as consumer durables and realty stocks weighed on concerns over the impact of the West Asia war.

At the closing bell, the BSE Sensex  closed lower by 1,313 points (down 1.7%)

Meanwhile, the NSE Nifty closed 360 points lower (down 1.5%)

You can also visit our live blog section for real-time updates and deeper insights into the market.

Sun Pharma, HUL, ICICI Bank the top gainers today.

Titan Company, SBI, Eternal on the other hand, were among the top losers today.

The GIFT Nifty was trading at 23,839 lower by 401 points at the time of writing.

The BSE 150 Midcap index is trading 1.2% lower and the BSE 250 SmallCap index is trading 0.6% lower.

Sectoral indices were trading negative today with stocks in realty sector and banking sector witnessed selling pressure.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

The rupee is trading at Rs 95.3 against the US$.

Gold prices for the latest contract on MCX are trading 0.3% lower at Rs 1,51,956 per 10 grams.

Meanwhile, silver prices were trading 0.1% higher at 2,62,404 per 1 kg.

4 reasons why Indian share markets are falling:

#1 US-Iran Talks Falter

Markets fell after hopes of a US-Iran peace deal weakened, increasing fears of further conflict in West Asia. High crude oil prices are also raising concerns about inflation and slower economic growth.

#2 Prime Minister Narendra Modi's Austerity Call

PM Narendra Modi urged people to reduce spending on fuel, gold, and unnecessary consumption. Investors fear this could slow economic activity and impact corporate earnings.

#3 The Crude Oil Shock

Crude oil prices rose above US$105 per barrel due to supply concerns and rising geopolitical tensions. Higher oil prices are a major concern for India, which depends heavily on oil imports.

#4 Rupee Weakness

The Indian rupee weakened sharply against the US dollar amid rising crude oil prices. A weaker rupee can increase inflation and lead to foreign investor outflows.

Speaking of stock markets, Rahul Shah highlights that short-term market movements are often noise, and investors should instead focus on long-term wealth creation with a 7-year horizon.

He emphasizes investing in fundamentally strong companies with stable earnings, low volatility, and reasonable valuations to manage risk effectively. He also notes that a disciplined, data-driven approach helps investors avoid emotional decisions and achieve better long-term outcomes.

Watch to know more.

Canara Bank Q4 FY26 Results

Shares of Canara Bank came into focus after the company reported its Q4 FY26 results.

Canara Bank reported a standalone net profit of Rs 45.1 bn for Q4FY26, down 9.9% from Rs 50 bn in the corresponding quarter last year.

Pre-provision operating profit declined 18.4% YoY to Rs 67.6 bn from Rs 82.8 bn.

The bank's net interest income (NII) rose 4% to Rs 98.1 bn during the quarter, compared to Rs 94.4 bn a year ago.

Provisions for the quarter fell to Rs 9.9 bn from Rs 24.1 bn in Q3FY26 and Rs 18.3 bn in the year-ago period.

On the asset quality front, gross non-performing assets (GNPA) declined 8.4% sequentially to Rs 227.4 bn from Rs 248.3 bn in the previous quarter. Net NPA also fell 2.1% to Rs 52.1 bn from Rs 53.2 bn.

Gross NPA ratio improved to 1.84% in Q4FY26 from 2.08% in the previous quarter, while net NPA ratio eased to 0.43% from 0.45%.

Domestic deposits stood at Rs 14,369.1 bn as of 31 March 2026, up 7.9% YoY. Domestic gross advances increased 15.1% YoY to Rs 11,611.4 bn.

The bank's board also recommended a dividend of Rs 4.2 per equity share with a face value of Rs 2 for FY26, subject to shareholder approval at the upcoming AGM.

Canara Bank Share Price - 6 Months

MCX Q4 FY26 Results

Shares of Multi Commodity Exchange of India (MCX) came into focus after the company reported its Q4 FY26 results.

Revenue from operations jumped 205% to Rs 8.9 bn, compared to Rs 2.9 bn in the corresponding quarter last year.

EBITDA increased 271% YoY to Rs 7 bn during the quarter, up from Rs 1.9 bn in Q4FY25.

During Q4FY26, the company's profit after tax (PAT) surged 291% YoY to Rs 5.3 bn from Rs 1.4 bn in Q4FY25.

MCX expanded its product suite with the launch of Electricity Futures, BULLDEX Options, Cardamom Futures, Nickel Futures, Gold Ten Futures, Gold Monthly Options and Silver Monthly Options.

To know what's moving the Indian stock markets today check out the most recent share market updates here.

Read the latest Market Commentary


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