Market View 26th May, 2026

View on market: Volatility persists, eagerly searching for growth:

Global markets showed a mixed trend as investors stayed focused on easing tensions in the Middle East and optimism around artificial intelligence-driven growth. Asian markets traded cautiously, with strong gains in South Korean stocks while Japanese and Australian markets slipped slightly. US futures moved higher, reflecting positive sentiment ahead of the trading session. Earlier, Wall Street ended on a strong note before the holiday break, supported by hopes of stability in the Middle East and continued interest in technology and AI-related companies. Indian markets witnessed a sharp rally as investor confidence improved due to expectations of smoother global oil supply movement through the Strait of Hormuz. Both Sensex and Nifty posted strong gains, with Nifty reclaiming an important psychological level after several sessions. Banking, financial and technology stocks led the market recovery, helping benchmark indices record their strongest single-day rise in weeks.

Key Quarterly Results for Today:

ASAHISONG, ASTRAMICRO, ASTRAZEN, BALAJITELE, BAYERCROP, BELLACASA, CAMLINFINE, CARRARO, CSLFINANCE, DEEPAKSP, DISHTV, EIDPARRY, EVERESTIND, FIRSTCRY, FLUOROCHEM, GOODLUCK, HONDAPOWER, INDOAMIN, INDOWIND, IONEXCHANG, IRCTC, ITCONS, JKTYRE, JUBLCPL, JUBLINGREA, KECL, KSCL, LANDMARK, MAHASTEEL, MAZDA, MIDWESTLTD, NTCIND, NSL, NTCIND, ONGC, OSWALAGRO, PARKHOTELS, PENIND, PNC, POCL, SCODATUBES, SENCO, SIEMENS, SOLARWORLD, SRM, STEELCO, SURAJ, TCI, TIMEX, TRANSRAILL, UNIQUEO, VLSFINANCE.

Economic Calendar:

• USD: House Price Index Data on 26^th May 2026.
• IND: Industrial Production Data on 28^th May 2026.
• USD: PCE & Core PCE and GDP Growth Rate and Continuing & Initial Jobless Claim Data on 28^th May 2026.
• IND: Bank Loan & Deposit Growth and Foreign Reserves Data and GDP Growth Rate on 29^th May 2026.

BROKERAGE RADAR:

JPMORGAN ON AMARA RAJA:

Target ₹855 Recommendation Neutral Mixed print, EBITDA beat but a miss on margin & Adj PAT, EBITDA margin declined; clarity on the margin trajectory will be key, Expect downward revisions to Street EPS estimates given the miss, Management clarity on demand growth & future costs will be key to monitor.

MORGAN STANLEY ON AB FASHION:

Target ₹127 Recommendation Overweight, Q4 beat: strong Pantaloons performance, Pantaloons (incl. OWND) revenue grew 19% year-on-year- highest in last 12 quarters, Overall demand was similar to Q3, Risks emerging to input costs and consumer sentiment led by geopolitical factors.

JEFFERIES ON JK CEMENT:

Target ₹6705 Recommendation Buy, Industry leading growth should continue, Volumes grew a strong 14% year-on-year, among the highest in peers, QoQ EBITDA improvement trailed peers, Commissioned capacity in Central India & undertook debottlenecking.

MACQUARIE ON DELHIVERY:

Target ₹570 Recommendation Outperform, Market share gains; margin at tipping point, Believe Delhivery is poised to further consolidate market share in both 3P Ecommerce Logistics and Part-Truck Load, With scale, see strong operating leverage and margin expansion, For FY26-29E, model 18% revenue CAGR and 41% EBITDA CAGR.

International Markets:

U.S & Europe:

*As per 26^th May.

**As per 22^nd May.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

View on market: Volatility persists, eagerly searching for growth

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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