tata finance

Former Tata Sons vice chairman argues an IPO can undermine the company’s special role in the group, and may not unlock much value

Stock market recommendations: Bajaj Finserv, and Tata Elxsi are the top stocks to buy as per Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan’s recommendation for May 19, 2026. The expert has identified TVS Motor Company as a sell call:

Indian markets experienced a significant downturn last week, with the top 10 most valued firms losing Rs 3.12 lakh crore. Geopolitical tensions, a weakening rupee, and rising inflation, exacerbated by surging crude oil prices, drove the decline. Reliance Industries saw the steepest fall, while Bharti Airtel was the sole gainer among the giants.

JP Morgan downgraded Tata Steel to neutral citing regulatory cost headwinds in the Netherlands and project delays. Investec maintained a buy on SAIL, impressed by strong Q4FY26 operational performance and positive volume growth outlook. Macquarie retained an underperform rating on Voda Idea, noting a subscriber decline and significant government dues.

Bihar's government has adopted an ambitious Rs 72,901 crore borrowing strategy dedicated to enhancing development and streamlining administrative functions. This includes a groundbreaking initiative in collaboration with Singapore's GFTN to foster an AI ecosystem, set to empower thousands through training and bolster the startup landscape.

HSBC initiates SRF coverage with a buy, citing strong growth potential in specialty chemicals and performance films. Jefferies is bullish on Grasim, expecting increased capital availability for growth. Nomura sees Adani Ports expanding its marine business significantly in Europe. CLSA maintains a hold on Tata Power, believing the worst is over.

Indian equity benchmarks, Sensex and Nifty, extended their losses for a fourth consecutive session, plunging nearly 2% on Tuesday. Rising crude oil prices, sustained foreign fund outflows, and escalating West Asia conflict uncertainty contributed to the broad-based selloff, impacting IT, realty, and consumer durable stocks.

Persistent foreign fund outflows and the rupee sliding to record lows have further dampened sentiment, prompting investors to stay cautious and intensify selling across equity markets.

Indian equity markets experienced a downturn Friday, with both Sensex and Nifty closing lower. Renewed military tensions near the Strait of Hormuz dampened investor sentiment, leading to profit-booking across various sectors. While IT stocks showed resilience, PSU banks were significantly impacted. Global markets also reflected cautious sentiment.

PM Modi has called on citizens to adopt measures aimed at conserving foreign exchange, as the surge in oil prices triggered by the Iran conflict has intensified pressure on the rupee and strained India’s foreign exchange reserves.

Indian aviation faces unprecedented turbulence due to a perfect storm of factors. From pandemic fallout and engine failures to airspace closures and a Middle East war driving fuel prices sky-high, airlines are struggling. Passengers face rising fares and cancelled routes as the sector grapples with deep financial distress and operational chaos.

Dalal Street concluded the holiday-shortened week with gains, as the combined market valuation of India's top 10 firms surged by Rs 2.20 lakh crore, led by Reliance Industries. Despite a volatile trading environment and mixed global cues, investor sentiment remained resilient, with the BSE Sensex rising 0.32%.

Stock market today: The BSE Sensex, comprising 30 stocks, advanced 355.90 points, or 0.46 per cent, to close at 77,269.40. During the session, it had surged as much as 997.25 points, or 1.29 per cent, reaching an intraday high of 77,910.75.