Weekly Market Wrap May 4 to 8, 2026 — Nifty 0.86 Percent, Polycab 52-Week High, BEL Rs 1251 Crore Order

Markets in Numbers (May 4–8, 2026)

• Nifty 50 (Thu May 8): 24,326.65 (-0.02% on day, +0.86% week)
• Sensex: 77,844.52 (-0.15%)
• Bank Nifty: 56,047.40 (+0.12%)
• Nifty Midcap 100: 62,003.15 — all-time high close
• Brent Crude: ~$101.94/barrel
• India VIX: Below 17

Top Stories This Week

Polycab India — Q4 profit Rs 785.6 crore (+7%). FY26 revenue Rs 28,884 crore — highest ever. Rs 47 dividend. 52-week high Rs 8,940.

BEL — Rs 1,251 crore GBMES order from MoD. Indigenous ELINT system for Indian Army.

GRSE — Q4 profit +24%, EBITDA +61%. Antique raises target to Rs 3,141. NGC Rs 33,000 crore expected Q1 FY27.

Adani Power — Q4 profit Rs 4,271 crore (+64%). Nuclear entry via Adani Atomic Energy.

Bajaj Auto — Q4 profit +34%. Rs 5,633 crore buyback and Rs 150 dividend.

Paytm — Q4 profit Rs 184 crore vs Rs 540 crore loss. Stock +8%.

Sector Roundup

• Defence: Best sector — BEL, GRSE, BHEL, IdeaForge (20% upper circuit)
• Metals: HINDALCO best Nifty 50 stock YoY (+63.67%)
• Midcap: All-time high — broad-based outperformance
• IT: Weakest — TCS worst Nifty 50 stock YoY (-29.61%)

What to Watch Next Week (May 11–15)

• HDFC Bank Q4 — Bank Nifty direction setter
• SBI Q4 — PSU bank NIM and asset quality
• Wipro Q4 — IT sector read-through
• US-Iran peace deal outcome — Brent crude and global risk
• RBI commentary — June rate cut building

All figures from NSE/BSE as of Thursday May 8, 2026. Not investment advice. Read our Disclaimer.