Jewellery stocks including Titan Company Ltd., Senco Gold Ltd., and Kalyan Jewellers Ltd. fell up to 10% after PM Modi urged citizens to avoid gold purchases for weddings and concerns over weakening gold imports intensified.
ABB India shares may remain under pressure after weak Q1 earnings triggered multiple brokerage downgrades over margin contraction, rising costs and expensive valuations, despite strong order inflows across infrastructure and industrial segments.
Polycab share price surged 6% after the company posted record Q4FY26 revenue growth and strong segment performance, prompting brokerages to raise target prices amid optimism over long-term demand and market share gains.
National Stock Exchange of India (NSE) launched Electronic Gold Receipts (EGRs), enabling regulated electronic gold trading with SEBI-backed vaults, improved transparency, efficient price discovery, and seamless conversion between physical and digital gold ownership.
Bajaj Auto Ltd reported a 34% YoY rise in Q4 FY26 profit to Rs 2,746 crore, announced a Rs 150 dividend, and unveiled a Rs 5,633 crore share buyback plan.
Coforge Ltd share price surged over 8% after strong Q4 earnings, driven by profit and revenue growth; brokerages remain largely bullish citing margins, deal wins and order book strength.
SRF Ltd. shares remain in focus after strong Q4FY26 results beat estimates, driven by refgas growth, alongside higher capex plans, while stock ended slightly lower with premium valuations.
GIFT Nifty traded up by 90.50 points or 0.38% at 24,200.00 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex. Here are the top stocks to watch on Wednesday May 06, 2026.
Wockhardt shares jumped over 10% after reporting Rs 166 crore Q4 profit versus last year’s loss, driven by strong revenue growth, improved margins, and steady performance across domestic and global markets.
Bharat Heavy Electricals Ltd shares extended gains after strong Q4 results, while Morgan Stanley raised its target, citing improved execution, margins, and growth driven by India’s capex and power cycle.