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What is the story about?
A single headline was enough to move global markets. A report by Axios hinting at a possible shift in the US-Iran dynamic sparked a sharp rally in equities and a slide in crude, underscoring how sensitive sentiment remains to geopolitical cues.
That risk-on mood carried into Dalal Street, where benchmarks climbed to near day’s highs, led by financials and autos. The broader narrative, however, remains fluid—with renewed warnings from Donald Trump even as Wang Yi pushed for a comprehensive ceasefire.
Back home, corporate action stayed in focus. Bajaj Auto paired a ₹150 dividend with a strong earnings beat, while Freshworks announced job cuts amid AI-led disruption. Air India heads into a key board meeting, and Carrier Global is doubling down on India’s data centre opportunity.
Meanwhile, politics added another layer of intrigue—with a new alignment between Vijay and Rahul Gandhi, even as post-poll tensions escalated in West Bengal.
From geopolitics to earnings and politics, here’s what’s shaping markets and momentum today.
Explained - The Axios report that sent risk assets soaring and crude prices tumbling
Equity markets across the globe have surged, while crude prices have tumbled, after an Axios report triggered yet another sharp reaction across asset classes.
Read More
Also Read: Trump threatens Iran with bombing if it doesn't reopen strait
China's top envoy tells his Iranian counterpart a 'comprehensive ceasefire' is needed
China's foreign minister called for a comprehensive ceasefire in the Iran war and said his country was 'deeply distressed' by the conflict that has lasted two months.
Read More
Market at Close | Bharti Airtel, M&M and financials lift Sensex 941 points; Nifty tops 24,300The equity benchmark indices BSE Sensex and NSE Nifty ended near the day’s high on Wednesday (May 6) after reports of the US nearing a deal with Iran to end the war lifted sentiment, with benchmark indices led higher by financial heavyweights, Bharti Airtel and Mahindra & Mahindra.
Read More
Bajaj Auto Q4 beats estimates; board approves share buyback and ₹150 dividend
Bajaj Auto’s standalone net profit jumped 34% year-on-year (YoY) for the January-March quarter, beating Street estimates across major headline metrics as the Pune-based two-wheeler and three-wheeler maker benefited from sustained export demand and a richer product mix.
Read More
Also Read: Bajaj Auto declares ₹150 per share dividend for FY26; sets May 29 as record date
TVK-Congress alliance official! Vijay-Rahul bond to continue in local bodies, LS and RS
The Congress and Tamilaga Vettri Kazhagam (TVK) alliance is official now with the Tamil Nadu Congress confirming its support for actor-turned-politician Vijay-led party.
Read More
Also Read: TVK short of majority; Vijay’s swearing-in under doubt as Governor seeks numbers
Four killed, party offices vandalised as post-poll violence rocks West Bengal after BJP win
At least four people were killed, several others injured and party offices vandalised across multiple districts in West Bengal following the BJP’s victory in the state. The election outcome marked a political upheaval in Bengal, ending Mamata Banerjee's lengthy tenure.
Read More
Air India board to review ₹22,000 crore losses, cost cuts and new CEO plans on May 7
Air India is set for a crucial board meeting on May 7 in Gurgaon, where the airline’s financial performance, cost-cutting measures and leadership transition are expected to dominate discussions, sources told CNBC-TV18.
Read More
Freshworks to cut 11% jobs as AI reshapes software industry
Freshworks said on Tuesday it would cut 11% of its workforce, or about 500 jobs, as the business-software company navigates the industrywide disruptions caused by the rapid advances in artificial intelligence (AI).
Read More
As demand to cool data centres jumps, India to drive Carrier’s next growth phase: CEO Gitlin
American multinational Carrier Global is positioning itself to capture the surge in global data centre investments, with India emerging as a key engine of demand, Chairman and CEO David Gitlin told CNBC-TV18.
Read More
ITC passes on 50–60% of cigarette tax hikes, remaining increases to be rolled out over time: Sanjiv Puri
ITC Chairman and Managing Director, Sanjiv Puri, told CNBC-TV18 that the company has passed on 50–60% of recent cigarette tax hikes and will roll out the remaining increases over time, as it seeks to balance pricing with volume stability.
Read More
We will meet you on Thursday with another engaging Top 10@10
That risk-on mood carried into Dalal Street, where benchmarks climbed to near day’s highs, led by financials and autos. The broader narrative, however, remains fluid—with renewed warnings from Donald Trump even as Wang Yi pushed for a comprehensive ceasefire.
Back home, corporate action stayed in focus. Bajaj Auto paired a ₹150 dividend with a strong earnings beat, while Freshworks announced job cuts amid AI-led disruption. Air India heads into a key board meeting, and Carrier Global is doubling down on India’s data centre opportunity.
Meanwhile, politics added another layer of intrigue—with a new alignment between Vijay and Rahul Gandhi, even as post-poll tensions escalated in West Bengal.
From geopolitics to earnings and politics, here’s what’s shaping markets and momentum today.
Explained - The Axios report that sent risk assets soaring and crude prices tumbling
Equity markets across the globe have surged, while crude prices have tumbled, after an Axios report triggered yet another sharp reaction across asset classes.
Read More
Also Read: Trump threatens Iran with bombing if it doesn't reopen strait
China's top envoy tells his Iranian counterpart a 'comprehensive ceasefire' is needed
China's foreign minister called for a comprehensive ceasefire in the Iran war and said his country was 'deeply distressed' by the conflict that has lasted two months.
Read More
Market at Close | Bharti Airtel, M&M and financials lift Sensex 941 points; Nifty tops 24,300The equity benchmark indices BSE Sensex and NSE Nifty ended near the day’s high on Wednesday (May 6) after reports of the US nearing a deal with Iran to end the war lifted sentiment, with benchmark indices led higher by financial heavyweights, Bharti Airtel and Mahindra & Mahindra.
Read More
Bajaj Auto Q4 beats estimates; board approves share buyback and ₹150 dividend
Bajaj Auto’s standalone net profit jumped 34% year-on-year (YoY) for the January-March quarter, beating Street estimates across major headline metrics as the Pune-based two-wheeler and three-wheeler maker benefited from sustained export demand and a richer product mix.
Read More
Also Read: Bajaj Auto declares ₹150 per share dividend for FY26; sets May 29 as record date
TVK-Congress alliance official! Vijay-Rahul bond to continue in local bodies, LS and RS
The Congress and Tamilaga Vettri Kazhagam (TVK) alliance is official now with the Tamil Nadu Congress confirming its support for actor-turned-politician Vijay-led party.
Read More
Also Read: TVK short of majority; Vijay’s swearing-in under doubt as Governor seeks numbers
Four killed, party offices vandalised as post-poll violence rocks West Bengal after BJP win
At least four people were killed, several others injured and party offices vandalised across multiple districts in West Bengal following the BJP’s victory in the state. The election outcome marked a political upheaval in Bengal, ending Mamata Banerjee's lengthy tenure.
Read More
Air India board to review ₹22,000 crore losses, cost cuts and new CEO plans on May 7
Air India is set for a crucial board meeting on May 7 in Gurgaon, where the airline’s financial performance, cost-cutting measures and leadership transition are expected to dominate discussions, sources told CNBC-TV18.
Read More
Freshworks to cut 11% jobs as AI reshapes software industry
Freshworks said on Tuesday it would cut 11% of its workforce, or about 500 jobs, as the business-software company navigates the industrywide disruptions caused by the rapid advances in artificial intelligence (AI).
Read More
As demand to cool data centres jumps, India to drive Carrier’s next growth phase: CEO Gitlin
American multinational Carrier Global is positioning itself to capture the surge in global data centre investments, with India emerging as a key engine of demand, Chairman and CEO David Gitlin told CNBC-TV18.
Read More
ITC passes on 50–60% of cigarette tax hikes, remaining increases to be rolled out over time: Sanjiv Puri
ITC Chairman and Managing Director, Sanjiv Puri, told CNBC-TV18 that the company has passed on 50–60% of recent cigarette tax hikes and will roll out the remaining increases over time, as it seeks to balance pricing with volume stability.
Read More
We will meet you on Thursday with another engaging Top 10@10
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