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Markets end higher amid volatility; Midcaps outperform, Paytm, Auto stocks rallyThe benchmark Nifty 50 rose 35 points to close at 24,414, while the Sensex added 106 points to end at 80,747. Broader markets outperformed, with the Nifty Midcap 100 index climbing nearly 2%, reflecting risk-on sentiment in the broader space. The Bank Nifty index also gained 340 points to 54,611, aided by strength in financials.By CNBCTV18May 7, 2025, 3:49:34 PM IST (Published)2 Min ReadIndia stocks ended slightly higher on Wednesday amid intraday volatility, with gains in midcap, banking, and auto stocks helping markets hold firm despite pressure in select sectors such as defence and liquor. Sentiment was underpinned by strong corporate earnings and optimism following the India-UK Free Trade Agreement.

The benchmark Nifty 50 rose 35 points to close at 24,414, while the Sensex added 106 points to end at 80,747. Broader markets outperformed, with the Nifty Midcap 100 index climbing nearly 2%, reflecting risk-on sentiment in the broader space. The Bank Nifty index also gained 340 points to 54,611, aided by strength in financials.

Auto stocks rallied following news of the India-UK FTA, which is expected to benefit export-focused manufacturers. Tata Motors gained nearly 5% after shareholders approved the demerger of its commercial vehicle business, while Samvardhana Motherson added over 5% on broader sector optimism.

Paytm surged more than 7% after reporting EBITDA breakeven and positive management commentary. PEL and BSE also rose about 6% each on strong earnings. KEI Industries gained over 3% after reporting a 34% year-on-year rise in Q4 revenue.

In the consumer and industrial space, MRF advanced 4% after beating earnings estimates, and Angel One rose 3% as its client additions improved after a brief slowdown. On the downside, Mazagon Dock fell nearly 5% on profit-taking, while Radico Khaitan and Som Distilleries declined up to 5% following the FTA, amid concerns over regulatory impacts on liquor exports.

Cartrade slipped 10% from intraday highs after reporting a drop in average monthly unique visitors. HUDCO lost over 4% despite a 26% rise in net interest income, while Bharat Seats hit the 20% upper circuit on strong earnings growth.

The market’s recovery from early lows followed a pattern seen in past geopolitical events, including India’s overnight Operation Sindoor strikes. Investors largely shrugged off the tension, focusing instead on earnings and economic fundamentals.

Traders will now look to key macro data and central bank commentary later this week for cues on interest rates and inflation.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsmarket closingNifty 50 Closeshare market today