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In a significant shift aimed at tightening oversight, the US Food and Drug Administration (FDA) has announced it will expand the use of unannounced inspections at foreign manufacturing facilities producing food, essential medicines, and other medical products for American consumers.

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The shares of Tata Motors rose by over 4% on Wednesday. The company shares zoomed after the shareholders of the company gave a near-consensus approval to demerge the Commercial Vehicle business of the company into two separate, listed entities. Tata Motors had announced in March last year that it intends to separate the Commercial Vehicle division into a separate entity.

Gold prices in India declined on Wednesday, tracking a retreat in global rates and profit booking after two consecutive days of gains, as investors turned cautious ahead of the US Federal Reserve’s policy decision and escalating geopolitical tensions in South Asia.

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Here are a couple of stock recommendations by technical analyst Mitessh Thakkar:

Buy Tata Motors with a stop loss of ₹655 and a target of ₹690

Buy Paytm with a stop loss of ₹844 and a target of ₹900

Click here for Operation Sindoor LIVE Updates

HSBC downgrades to Reduce, target cut to ₹3,500 from ₹4,500/sh

As the market handles turbulence, here are some stocks to Buy/Sell, according to Mitessh Thakkar, Technical Analyst

– Buy Biocon with a stop loss of ₹335 and a target of ₹355

– Buy HUL with a stop loss of ₹2,360 and a target of ₹2,430

– Sell Coal India with a stop loss of ₹384 and a target of ₹365

– Sell ABB India with a stop loss of ₹5,400 and a target of ₹5,200

Nifty 50 slipped below 24,350 and is currently at 24,321.70.

Asian Paints, L&T, Grasim, Sun Pharma, NTPC are the top Nifty 50 losers. A total of 34 of the 50 stocks are trading with losses.

Shares of One97 Communications, parent company of payments aggregator Paytm, surged as much as 6% on Wednesday, May 7, in reaction to its fourth quarter results that were reported after market hours on Tuesday evening.

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Auto stocks from Tata Motors to Eicher Motors and TVS Motor Company are seeing buying interest in Wednesday’s trading session. The sector is experiencing a positive sentiment following the recently concluded India-UK Free Trade Agreement (FTA).

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Airline stocks are in focus as flight operations get disrupted due to precautionary measures taken by Aviation Ministry

Defence stocks such as HAL, BDL, BEL, are up over 1% at the moment as India retaliated to the Pahalgam terror attacks by conducting Operation Sindoor against Pakistan in the early hours of Wednesday.

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Shares of Tata Motors have opened 1.5% higher on Wednesday, May 7, to two developments that have taken place over the last 24 hours. The stock is the top gainer on the Nifty 50 index.

here#CNBCTV18Market | Sharp recovery in market from opening lows, shrugs off #IndiaPakistanTensions pic.twitter.com/LfesIMzypb

— CNBC-TV18 (@CNBCTV18Live) May 7, 2025

As part of the deal, the 8–12% UK import duty on textiles and garments will be eliminated, making Indian exports more competitive compared to countries like Bangladesh and Vietnam.

This is seen as a positive development for companies like Gokaldas, Arvind, and KPR, which are active in textile exports.

The stock is up nearly 8%

#CNBCTV18Market | Market opens lower as #IndiaPakistanTensions escalate after #OperationSindoor

Auto, textile & Alcohol stocks to react to #IndiaUKFTA pic.twitter.com/lSagKOmIwc

— CNBC-TV18 (@CNBCTV18Live) May 7, 2025

The Indian Rupee opened at a weaker position against the US dollar on Wednesday. The Rupee opened for trade at 84.63 against the dollar, compared to yesterday’s closing of 84.43.#RupeeCheck | Rupee opens at 84.63/$ vs Tuesday’s close of 84.43/$ pic.twitter.com/W8tchzPgAs

— CNBC-TV18 (@CNBCTV18Live) May 7, 2025

#CNBCTV18Market | Here’s a list of stocks in focus going into trade today ???? pic.twitter.com/WrCwvVecsX

— CNBC-TV18 (@CNBCTV18Live) May 7, 2025

#CNBCTV18Market | Here’s how the global market cues are placed this morning. #GIFTNifty lower, indicates a start in the red for the Indian mkt amid #IndiaPakistanTensions pic.twitter.com/VrAruesYtn

— CNBC-TV18 (@CNBCTV18Live) May 7, 2025

Shares of liquor manufacturers such as United Spirits, Radico Khaitan, and Allied Blenders will be in focus during Wednesday’s trading session, following the India–United Kingdom Free Trade Agreement (FTA).

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–Client Base Up 1.5% MoM & Up 37.0% YoY At 31.48 m

–Number Of Orders Up 4.40% MoM & Down 21.30% YoY At 106.61 m

–Avg Daily Orders Up 4.40% MoM & Down 17.10% YoY At 5.61 m

The Mumbai-headquartered company reported a 25% fall in consolidated profit in the March quarter to ₹102 crore. It had reported a net profit of ₹137 crore in the year-ago period. Its consolidated profit for the entire FY25 was ₹485 crore as against a loss of ₹1,684 crore in the year-ago period.

The revenue from operations increased to ₹2,854 crore during the reporting quarter from ₹2,473 crore in the year-ago period, while the other income rose to ₹179 crore from ₹55 crore.

The company posted a better-than-expected set of numbers for the March quarter, with all key financial metrics—net profit, revenue, and EBITDA—beating CNBC-TV18’s poll estimates. Net profit rose 11.9% sequentially to ₹252.2 crore, against ₹225 crore in Q3.

This was sharply ahead of the CNBC-TV18 poll estimate of ₹211 crore. Revenue from operations stood at ₹1,865 crore, up 6.1% quarter-on-quarter, compared to ₹1,758 crore in the previous quarter and ahead of the estimated ₹1,784 crore.

Defence stocks such as HAL, BEL, BDL, Data Patterns, and more are in fous today after India carried out Operation Sindoor against terrorist establishments in Pakistan overnight.

Click here to check Operation Sindoor LIVE Updates

Shares of Avenue Supermarts Ltd., parent company of the hypermarket chain DMart, have been downgraded by brokerage firm HSBC on Wednesday, May 7.

HSBC has downgraded to Avenue Supermarts to “reduce”, from its earlier rating of “hold.” The brokerage has also cut its price target on the stock to ₹3,500 from ₹4,500 earlier, which is one of the lowest targets on the street for the Radhakishan Damani-owned chain of stores. The brokerage had initiated coverage on the stock in October last year with a “hold” recommendation.

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