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Overnight - 7.85% One month - 7.95% Three month - 8.20% Six month - 8.50% One year - 8.75%
PSU Banks hares rebounded on value buying after falling over the past five trading sessions.
At 12:25 IST, the barometer index, the S&P BSE Sensex surged 820.32 points or 1.12% to 75,451.24. The Nifty 50 index added 286.70 points or 1.23% to 23,693.60.
The broader market underperformed the frontline indices. The BSE 150 MidCap Index shed 0.04% and the BSE 250 SmallCap Index fell 0.61%.
The market breadth was strong. On the BSE, 1,931 shares rose and 2,019 shares fell. A total of 208 shares were unchanged.
In the foreign exchange market, the rupee weakened against the dollar. The partially convertible rupee was hovering at 95.7450 compared with its previous close of 95.6650. The Indian rupee also touched a fresh intraday record low of 95.9625 against the US dollar.
Derivatives:
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 2.72% to 18.90. The Nifty 26 May 2026 futures were trading at 23,725, at a premium of 31.4 points as compared with the spot at 23,693.60,
The Nifty option chain for the 26 May 2026 expiry showed a maximum call OI of 53.6 lakh contracts at the 24,000 strike price. A maximum put OI of 45.4 lakh contracts was seen at the 23,000 strike price.
Economy:
India’s WPI inflation rose sharply to 8.3% in April compared with 3.88% in March 2026, mainly due to soaring fuel and crude oil prices, government data showed. Fuel and power inflation spiked to 24.71% during the month against 1.05% in March.
Crude petroleum and natural gas prices rose 16.42% month-on-month, while food articles prices increased 1.41%. Minerals prices also moved higher.
Buzzing Index:
The Nifty PSU Bank index advanced 1.58% to 6,191.95. The index had declined 7.09% in the last five sessions.
Bank of Baroda (up 1.89%), Bank of India (up 1.49%), Indian Bank (up 1.36%), Union Bank of India (up 1.13%), Punjab National Bank (up 0.9%), Punjab & Sind Bank (up 0.71%), State Bank of India (up 0.69%), Indian Overseas Bank (up 0.48%), UCO Bank (up 0.43%) and Canara Bank (up 0.38%) surged.
Stocks in Spotlight:
ADF Foods added 3.70% after the company reported 57.6% jump in consolidated net profit to Rs 25.9 crore on a 23.7% rise in revenue from operations to Rs 196.7 crore in Q4 FY26 as compared with Q4 FY25.
Bajel Projects surged 10.17% after the company secured a major EPC order for a 400 kV transmission line project from Power Grid Corporation of India through its SPV, Bellary Davanagere Power Transmission.
For the full year,net profit declined 4.20% to Rs 19846.42 crore in the year ended March 2026 as against Rs 20716.33 crore during the previous year ended March 2025. Total Operating Income rose 4.27% to Rs 134298.12 crore in the year ended March 2026 as against Rs 128804.09 crore during the previous year ended March 2025.
Canara Bank lost 2.21% today to trade at Rs 137.4. The BSE BANKEX index is down 0.68% to quote at 62949.22. The index is up 7.03 % over last one month. Among the other constituents of the index, Bank of Baroda decreased 1.99% and IndusInd Bank Ltd lost 1.86% on the day. The BSE BANKEX index went down 0.39 % over last one year compared to the 3.8% fall in benchmark SENSEX.
Canara Bank has added 5.41% over last one month compared to 7.03% gain in BSE BANKEX index and 4.88% rise in the SENSEX. On the BSE, 1.25 lakh shares were traded in the counter so far compared with average daily volumes of 12.9 lakh shares in the past one month. The stock hit a record high of Rs 162.9 on 26 Feb 2026. The stock hit a 52-week low of Rs 90.06 on 07 May 2025.
Bank of Baroda fell for a fifth straight session today. The stock is quoting at Rs 269.05, down 1.8% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.24% on the day, quoting at 24033.95. The Sensex is at 77026.8, down 0.36%.Bank of Baroda has gained around 8.66% in last one month.Meanwhile, Nifty Bank index of which Bank of Baroda is a constituent, has increased around 10.72% in last one month and is currently quoting at 56264.3, down 1.07% on the day. The volume in the stock stood at 83.85 lakh shares today, compared to the daily average of 113.15 lakh shares in last one month.
The benchmark April futures contract for the stock is quoting at Rs 268.99, down 1.92% on the day. Bank of Baroda jumped 6.25% in last one year as compared to a 1.24% slide in NIFTY and a 0.49% spurt in the Nifty Bank index.
The PE of the stock is 7.28 based on TTM earnings ending December 25.
Bank of Baroda is up for a fifth straight session in a row. The stock is quoting at Rs 283.19, up 0.78% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.77% on the day, quoting at 24552.55. The Sensex is at 79171.6, up 0.83%. Bank of Baroda has risen around 6.5% in last one month.
Meanwhile, Nifty Bank index of which Bank of Baroda is a constituent, has risen around 11.38% in last one month and is currently quoting at 56582.35, up 1.25% on the day. The volume in the stock stood at 41.16 lakh shares today, compared to the daily average of 129.13 lakh shares in last one month.
The benchmark April futures contract for the stock is quoting at Rs 283.08, up 0.74% on the day. Bank of Baroda is up 12.18% in last one year as compared to a 1.59% spurt in NIFTY and a 2.95% spurt in the Nifty Bank index.
The PE of the stock is 7.47 based on TTM earnings ending December 25.
Domestic advances increased 14.56% YoY to Rs 11,69,804 crore, while domestic deposits grew 12.83% YoY to Rs 14,01,497 crore as of 31 March 2026.
Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services, and treasury services.
Bank of Baroda reported a 4.4% rise in standalone net profit to Rs 5,442.92 crore on a 6% increase in total income to Rs 39,999 crore in Q3 FY26 over Q3 FY25.