Market Update: Key Stocks to Watch Amid Continued Decline
Stocks to watch: Canara Bank, Indian Hotels, MCX, Swiggy among 10 shares in focus today
Mint
Image: Mint
The Indian stock market faced a decline, with the Sensex dropping 516.33 points to 77,328.19 and the Nifty 50 falling 150.50 points to 24,176.15. Key stocks to watch include Canara Bank, Indian Hotels, and Swiggy, which reported varying Q4 results, indicating mixed performance across sectors.
- 01Sensex declined 516.33 points to 77,328.19.
- 02Nifty 50 fell 150.50 points to 24,176.15.
- 03Swiggy reduced losses to ₹800 crore in Q4.
- 04Multi Commodity Exchange's profit surged 291% to ₹530 crore.
- 05Hyundai Motor's net profit declined 22% to ₹1,256 crore.
Advertisement
In-Article Ad
The Indian stock market closed lower for the second consecutive session, with the Sensex dropping 516.33 points (0.66%) to 77,328.19 and the Nifty 50 falling 150.50 points (0.62%) to 24,176.15. The market is expected to continue its downward trend as the Gift Nifty index indicated a negative opening for Monday. Institutional flows, currency movements, and sector participation, especially in banking and energy stocks, will be critical in determining market direction. Key stocks to watch include Canara Bank, Indian Hotels, and JSW Energy, which are set to report their Q4 results. Swiggy reported a reduced loss of ₹800 crore in Q4, while the Multi Commodity Exchange of India saw a 291% year-on-year profit increase to ₹530 crore. Conversely, Urban Company posted a net loss of ₹161.2 crore, and Hyundai Motor's net profit fell 22% to ₹1,256 crore despite a revenue increase. Overall, market sentiment remains volatile, influenced by geopolitical factors and crude oil trends.
Advertisement
In-Article Ad
The decline in the stock market may affect investor confidence and could lead to cautious spending among consumers and businesses, impacting economic growth.
Advertisement
In-Article Ad
Reader Poll
How do you feel about investing in the current stock market conditions?
Connecting to poll...
More about Swiggy

Key Stocks to Monitor on May 11: Swiggy, SBI, Bank of India, and More
News 18 • May 11, 2026
Swiggy and Magicpin Report Improved Delivery Times as Gig Workers Return
Business Standard • May 10, 2026

The Evolution of Fast Food: From Ancient Street Vendors to Modern Delivery Apps
Hindustan Times • May 8, 2026
Read the original article
Visit the source for the complete story.
