Shares of Sun TV Network Limited fell 9.4% as early Tamil Nadu election trends showed the Dravida Munnetra Kazhagam trailing behind rivals, sparking investor concerns over perceived political linkage. The stock slipped sharply to ₹548 intraday as Tamilaga Vettri Kazhagam surged ahead in over 100 constituencies. | Photo Credit: SRINATH M

Shares of Sun TV Network tumbled 9.4 per cent on Monday, as a top mid-cap loser, as early trends in the Tamil Nadu Assembly elections showed the ruling DMK trailing behind rivals, raising concerns over the broadcaster’s perceived political linkage.

At around 1 pm, the stock traded at ₹563.80, hitting a low of ₹548.10 from the preivous close of ₹605.60.

Sun TV Network shares

According to Kunal Kamble of Bonanza, the stock has broken below its short-term uptrend and key moving averages (20 & 50 DMA), signaling a loss of bullish momentum. A high-volume bearish breakdown and RSI near 40 indicate weakening strength, though not yet oversold.

Repeated rejection in the ₹650–670 zone has formed a lower-high pattern, shifting the outlook to bearish-to-sideways. Unless the stock reclaims its moving averages, further downside or consolidation is likely.

The stock reaction came as counting trends indicated a strong performance by the newly formed Tamilaga Vettri Kazhagam (TVK), led by actor-politician Vijay, which was leading in over 100 constituencies. The AIADMK was in second place, while the ruling DMK lagged behind in the race.

As of 12.35 pm, trends showed TVK leading in 106 seats, AIADMK in 63, and DMK in 44, signaling a political shift in the state.

Sun TV Network, founded by Kalanithi Maran, has historically been associated with the DMK, as the Maran family shares close ties with the party leadership. This perceived affiliation has often led to the stock reacting to political developments in Tamil Nadu, particularly during election cycles.

The sharp decline in the stock reflects investor concerns that a weaker showing by the DMK could impact the company’s influence and operating environment in its key regional market. Market participants are closely tracking further trends as counting progresses, with volatility in the stock expected to persist in line with political developments.

Published on May 4, 2026

Annual booking value rose 16% to ₹34,171 crore, making it India’s largest residential developer by bookings for the third straight year. Despite strong fundamentals, net debt rose due to aggressive land acquisitions, while the stock gained 2.77% post-results. | Photo Credit: GOPINATHAN K

Godrej Properties Limited reported its highest-ever annual profit after tax of ₹1,850 crore for FY26, a 32 per cent jump from ₹1,400 crore in FY25, as the Mumbai-based developer released its Q4 and full-year results on Monday. The stock responded positively, rising 2.77 per cent to ₹1,886 on the NSE by early afternoon, though it remains down 16.48 per cent over the past year against a backdrop of broader mid-cap underperformance.

Q4 FY26 was the company’s strongest quarter on record for collections, with customer collections hitting ₹7,947 crore — a 14 per cent year-on-year increase and the highest ever reported by any Indian real estate developer in a single quarter. Quarterly net profit stood at ₹650 crore, up 70 per cent year-on-year. Total income for the quarter came in at ₹3,895 crore, a 47 per cent increase over Q4 FY25.

Full-year booking value grew 16 per cent to ₹34,171 crore, surpassing the company’s own guidance of ₹32,500 crore. The company sold 17,513 units covering 27 million square feet in FY26, marking its third consecutive year as India’s largest residential developer by booking value. MMR led regional sales at ₹10,312 crore, followed by Bengaluru at ₹8,801 crore and NCR at ₹7,412 crore.

Revenue recognition, however, tells a more measured story. Full-year total income was ₹8,374 crore against bookings of ₹34,171 crore, reflecting the gap between sales and accounting recognition under Ind AS completion-based revenue norms typical in Indian real estate.

Net debt rose to ₹6,414 crore as of March 31, 2026, from ₹3,269 crore a year earlier, as the company aggressively acquired land — spending ₹8,653 crore on land and approvals in FY26. The net debt-to-equity ratio stood at 0.33.

For FY27, the company has guided for booking value of ₹39,000 crore, collections of ₹24,000 crore, and deliveries of 13.5 million square feet. The stock trades at a trailing P/E of 33.08, with a market capitalization of approximately ₹56,732 crore.

Published on May 4, 2026

gold Prices continued their downward trend on Monday, hovering near one-month lows as a stronger US dollar and elevated crude oil prices weighed on sentiment, even as geopolitical uncertainty surrounding the Strait of Hormuz prevented a sharper selloff.

MCX Gold is currently trading near ₹1,51,000 per 10 grams, pulling back from a recent multi-week high of ₹1,55,000. On the international front, Comex Gold is holding just above the $4,600 level, having declined more than 2 per cent over the past two weeks. The metal finds immediate resistance at $4,640–$4,670, with support at $4,570 below which prices could slip toward $4,500.

The primary headwind for gold remains the hawkish pivot across major central banks. The US The Federal Reserve held interest rates unchanged at its last meeting but signaled rising inflation risks, with outgoing Governor Jerome Powell cautioning markets about persistent inflationary pressures while expressing measured optimism on economic growth. The European Central Bank, Bank of England, and Bank of Japan have also signaled potential rate increases, reinforcing a higher-for-longer rate environment that typically pressures non-yielding assets like gold.

surging crude oil prices have compounded the problem. WTI Crude has rallied more than 7 per cent over two consecutive weeks and settled above the $100-per-barrel mark, driven by supply disruption risks through the Strait of Hormuz. Iran has reiterated control over the strategic waterway, and while Tehran submitted a revised peace proposal via Pakistan, US President Donald Trump said he remained unsatisfied with the offer. The US also confirmed it would maintain its naval blockade of Iranian ports. Energy-driven inflation fears have triggered fresh hawkish signals from central banks, indirectly weighing on bullion demand.

Outflows from gold exchange-traded funds have added to selling pressure. However, the metal found some footing on Friday after Iran signaled a proposal to open the Strait of Hormuz, which eased supply concerns temporarily and also pulled the US dollar marginally lower.

Silver is broadly flat, trading near $75 per ounce internationally and around ₹2,50,000–₹2,51,000 per kg on mcxconsolidating after a sharp prior upmove. Industrial demand and safe-haven interest are providing support at lower levels. Analysts at Axis Direct have set a buy recommendation for MCX Silver around ₹2,47,000 with targets of ₹2,80,000 and ₹2,90,000.

Market focus this week shifts to PMI data from major economies and US jobs market figures, which are expected to provide further clarity on the Federal Reserve’s rate trajectory and set the near-term direction for precious metals.

Published on May 4, 2026

Markets held onto gains at midday on Monday but pared early morning highs, with the BSE Sensex trading at 77,324.40, up 410.90 points or 0.53 per cent, and the NSE Nifty 50 at 24,122.15, up 124.60 points or 0.52 per cent, as of 12.31 pm — both indices off their opening peaks as selling pressure mounted in banking and telecom stocks.

Breadth on the BSE remained positive, with 2,688 stocks advancing against 1,475 declining and 226 unchanged, out of 4,389 stocks traded. A total of 163 stocks hit 52-week highs while 27 touched 52-week lows. Upper circuit triggers were seen in 217 stocks, compared to 173 in the lower circuit, reflecting selective but uneven momentum across the broader market.

Among Nifty 50 gainers, Hindustan Unilever led with a 3.87 per cent rise to ₹2,338, touching a high of ₹2,365.80, on volumes of 15,12,837 shares worth ₹35,368.01 lakhs. Adani Ports climbed 3.84 per cent to ₹1,721, with 47,06,743 shares worth ₹80,885.85 lakhs traded, remaining one of the session’s most actively traded stocks. Max Healthcare rose 2.46 per cent to ₹1,017.50 on volumes of 17,35,606 shares worth ₹17,487.79 lakhs. Shriram Finance gained 2.40 per cent to ₹959.80, with 22,85,959 shares worth ₹21,969.89 lakhs, while infrastructure major L&T also advanced 2.40 per cent to ₹4,110.20, with 11,92,739 shares worth ₹49,024.79 lakhs traded.

On the losing side, Kotak Mahindra Bank remained the session’s biggest drag, down 2.49 per cent to ₹373.75 — the most actively traded stock with a staggering 5,36,25,200 shares worth ₹2,00,156.06 lakhs changing hands. Bharti Airtel fell 2.47 per cent to ₹1,840.20 from a previous close of ₹1,886.80, on volumes of 54,61,682 shares worth ₹1,01,883.85 lakhs, making telecom one of the weakest sectors of the session. Dr. Reddy’s Laboratories slipped 2.42 per cent to ₹1,290.90 from ₹1,322.90, with 10,29,861 shares worth ₹13,382.12 lakhs traded. ONGC declined 1.80 per cent to ₹294.15, with 85,19,037 shares worth ₹25,100.49 lakhs, and TCS dropped 1.65 per cent to ₹2,433.10 from ₹2,473.90 on 14,44,540 shares worth ₹35,459.12 lakhs, keeping IT under pressure. despite the weak rupee environment.

In commodities, COMEX Gold was trading above $4,600, facing resistance at the $4,640–$4,670 band, while MCX Gold held above ₹1,51,000. COMEX Silver was consolidating in the $76–$77 zone, and MCX Silver was range-bound near ₹2,49,000–₹2,51,000. MCX Crude Oil was trading above ₹9,700, retreating from recent highs near ₹10,500, while US Oil hovered near $102, pulling back from highs of around $110, with the $100 level serving as a key psychological support. The USD/INR pair was near ₹94.9, consolidating after briefly touching all-time highs near ₹95.30.

…”Indian equity markets have opened on a firm footing, supported by a combination of favorable global cues and optimism surrounding state election outcomes. However, underlying conditions remain volatile, with sentiment shaped by a mix of macroeconomic pressures and event-driven triggers,”… said Ponmudi R, CEO of Enrich Money.

Bank Nifty, which opened around 54,930, remained under pressure, with 54,500–54,400 serving as a critical support zone. …”A sustained breakout above 55,900–56,000 is essential to regain upward momentum towards 57,500–58,000 levels,”… Ponmudi added. Nifty 50 continues to face resistance at 24,300–24,400, with 23,900–23,800 as downside support. State election results from West Bengal, Tamil Nadu, Kerala, Assam and Puducherry continue to be monitored, with any decisive verdict expected to influence sentiment through the second half of the session.

Published on May 4, 2026