On May 5, 2026, GIFT Nifty futures suggest a weak opening for Indian equity markets, down 168 points at 24,038. Global markets are mixed, with major Asian indices closed for holidays and Wall Street experiencing declines due to geopolitical tensions following an explosion affecting a South Korean ship in the Strait of Hormuz. Notable stocks include Ambuja Cements, which reported a 78.5% year-on-year increase in consolidated net profit to ₹1,830.2 crore in Q4FY26, aided by a substantial tax credit. Bharat Heavy Electricals (BHEL) also saw a remarkable profit surge, more than doubling to ₹1,290.47 crore. Tata Technologies reported an 8% rise in net profit to ₹204.17 crore, while Jindal Stainless and Godrej Properties posted significant profit increases as well. Petronet LNG is set to expand its gas storage capabilities in response to ongoing regional crises. Investors should also keep an eye on various companies reporting their Q4 results today, including Larsen & Toubro and Mahindra and Mahindra.