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The shares of Jindal Stainless will be under focus on Friday. The company reported its quarterly results on Thursday.

Jindal Stainless Ltd (JSL) on Thursday, May 8, reported a 17.8% year-on-year (YoY) increase in net profit at ₹590 crore for the fourth quarter of FY25 over ₹501 crore in Q4FY24.

GIFT Nifty (SGX Nifty earlier) is trading lower, trading at a discount of nearly 250 points from Nifty Futures Thursday close, indicating a gap-down start for the Indian market.#CNBCTV18Market | GIFT Nifty (SGX Nifty earlier) lower, trading at a discount of nearly 250 points from Nifty Futures Thursday close, indicates a gap-down start for the Indian market pic.twitter.com/ITAxBoxOYx

— CNBC-TV18 (@CNBCTV18Live) May 9, 2025

Asian stocks inched higher on Friday after US President Donald Trump announced a trade deal with the UK and signaled tariffs on Chinese goods may fall if upcoming talks go well.

Shares in Japan, which was negotiating with the US for a deal to lower levies, jumped 1.1% while a regional gauge made moderate gains. Treasuries were little changed at the open after yields surged in the prior session, with traders paring bets on interest rates. Bitcoin extended its rally, rising 0.4% to around $103,000. Gold rebounded early Friday after falling in its two previous sessions. The Nasdaq Golden Dragon China Index rose 1% during US trading.

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The food product company reported a 4.2% year-on-year (YoY) increase in net profit at ₹559 crore for the fourth quarter that ended on March 31, 2025. In the corresponding quarter of the previous fiscal, Britannia Industries posted a net profit of ₹536.6 crore, the company said in a regulatory filing. The CNBC-TV18 poll had predicted a profit of ₹504.5 crore for the quarter under review

The US futures are currently trading with losses after benchmark indices closed off the highs of the day on Thursday.

The Dow futures are currently trading 90 points lower, while the S&P 500 and Nasdaq futures are trading below the flat line.

The Dow Jones closed 400 points off the highs of the day on Thursday.

Here’s what L&T said during its Q4 earnings call:

– FY26 pipeline looks encouraging at the start of the year

– Initial estimate order prospects at ₹7 lakh crore for domestic and ₹12 lakh crore for international

– Order inflows set to grow 10% in FY26

– Infra EBITDA margins improved by 20 basis points

Today’s session will also see earnings reactions from stocks like Titan, Britannia, Pidilite, Zee Entertainment, Kalyan Jewellers among others.

Stocks like Dr. Reddy’s, Swiggy, Bank of India, KPR Mill will also be reporting results today. Watch this space for all the Live updates.

Starting at 6 AM, in just a few minutes from now, we at CNBC-TV18 bring you all the updates from the border overnight.

We will have defence experts, former military veterans and market experts to take you through this period.

Nilesh Shah of Kotak Mahindra AMC, Prashant Khemka of White Oak Capital and Arvind Sanger of Geosphere Capital Management will be guiding you through this period of market uncertainty.

These are the intraday highs made by the Nifty 50 index this week:

India’s volatility index saw a spike towards the close of the trading session on Thursday.

India confirmed retaliating to Pakistan’s actions on the country’s military establishments that were thwarted.

The India VIX ended 10.2% higher at 21.01.

On Thursday evening, Indian air defence units successfully intercepted at least eight missiles launched by Pakistan targeting key border areas in Jammu, including the strategically significant Jammu Airport at Satwari, defence sources confirmed.

You can track all the latest developments on this tab from cnbctv18.com.

After meandering along the flatline for a better part of Thursday’s trading session, a combination of the weekly options expiry and India’s confirmation of retaliating to Pakistan’s attempts at targeting the country’s military establishments saw the Nifty fall nearly 200 points from the day’s high.

While provisional closing indicated a close at 24,150, the final tick saw a 120-point adjustment, leading to the index closing at 24,273. However, it was the broader markets that saw sharper cuts, with the Midcap index declining by over 1,000 points.

Good Morning!

We are up and early to bring to you all the live updates from Dalal Street.

Markets will be reacting to situation escalating between India and Pakistan. There will be earnings and earnings reactions as well.

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