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The shares of HCL Tech are in focus, as the company announced the launch of an AR-based IT infrastructure solution in partnership with a Xerox subsidiary.

The company shares fell by over 1.21% intraday on Friday.#JustIn | #HCLTech launches augmented reality-based #IT infrastructure solution with #CareAR, a Xerox company pic.twitter.com/KyTB2yZZ2d

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

As the markets look to curb the losses, here are some stocks to Buy/Sell, according to Mitessh Thakkar of earningwaves.com

Buy BDL with a stop loss of ₹1,520 and a target of ₹1,700

Buy Mazagon Dock Shipyard with a target of ₹3,050-3,100

The Indian markets are on the decline on Friday. Nifty Realty is particularly hit. The index fell by over 3.36%, taking the overall value to 815.45 points.

– Oberoi Realty shares dipped by 2.09%

– Prestige Estates shares fell by 3.01%

– DLF shares declined by 4.76%

– Sobha Realty declined by 3.29%

The Nifty 50 index is under pressure, as the marquee index dipped by over 1% in the day’s trade.

These are the stocks that are the key contributors to the current development.

As the markets look volatile, here are some stocks to Buy/Sell, according to Mitessh Thakkar, Technical Analyst.

– Buy Biocon with a stop loss of ₹327.50 and a target of ₹348

– Buy Tata Motors with a stop loss of ₹669 and a target of ₹710

– Sell Chambal Fertilisers with a stop loss of ₹702 and a target of ₹670

– Sell Adani Green with a stop loss of ₹900 and a target of ₹840-835

The shares of Bharat Forge rose on Friday’s trading session. The company reported its Q4 Results on Thursday. Revenue for the company declined by 7% from the same quarter last year to ₹2,163 crore. A CNBC-TV18 poll was expecting a 4% revenue drop to ₹2,238 crore.

The shares of Britannia rose by over 1% on Friday, after the company reported its results.

For the quarter, Britannia reported a net profit of ₹559 crore, surpassing CNBC-TV18’s poll estimate of ₹505 crore. Revenue stood at ₹4,432 crore, compared to expectations of ₹4,356 crore.

The shares of Asian Paints opened higher at ₹2,246.60, higher than the previous day’s closing.

This came to pass after the company reported its Q4 results. Asian Paints reported a weaker-than-expected result for the March quarter, as its 1.8% volume growth was below the CNBC-TV18 poll, which had projected the volume growth to be between 4% and 5%. Other parameters were also below expectations.

The shares of some major defence stocks are in focus as the tension between India and Pakistan remains volatile.

– Bharat Electronics Ltd increased by close to 3%.

The shares of Zen Technologies are on the rise, jumping by over 5%. The stock hit the upper circuit. The company is known for making defence equipment like drones. The current price is ₹1,406.40. This development comes amid the rising tension between India and Pakistan.

The shares of ideaForge surged by over 8% in the early hours of the day’s trade. This came to pass after the company reported a net loss of ₹26 crore, compared to a net profit of ₹10 crore during the year-ago quarter.

#CNBCTV18Market | Market opens lower, #Nifty below 24,000 pic.twitter.com/q7zqh9MQ1y

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

The Indian Rupee started the day’s trade on a lower note against the US Dollar. The Indian Rupee opened at 85.81 against the previous day’s closing of 85.71.

Tata Motors shares are in focus today. This comes as the United States and the UK announced that a trade agreement has been signed by the two countries.

Tata Motors’s Jaguar Land Rover or JLR, is a key part of Tata Motors’s business. According to official information, JLR had shipped 1.02 lakh vehicles to the US in 2024.

For automobile imports, the imports of up to 1 lakh vehicles will have a 10% tariff, while additional imports will still have a 25% tariff rate, which is currently applicable to all auto imports.

Here’s a list of stocks in focus going into trade today#StocksToWatch | Here’s a list of stocks in focus going into trade today???? pic.twitter.com/4Ar2wKpSLI

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

 #StocksToWatch | Here’s a list of stocks in focus going into trade today???? pic.twitter.com/4SwLbCoDjA

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

Arvind Sanger, Managing Partner of Geosphere Capital Management on markets

The reality is that in the past, with a different government, US would be more aggressively trying to play a role in trying to de-escalate. Since this is more of an America First leadership. They are taking a hands-off role in this. Therefore, I am not sure who is going to be able to put pressure to de-escalate. And if there is an external pressure, is there a risk of some miscalculation? So I think that the markets are probably going to continue to see pressure, because things do not seem to be settling now.

Prashant Khemka, Founder of WhiteOak Capital Management

When it comes to the stock market, it’s only natural to expect there is some volatility during this time. But as you said, in markets globally where you have had such situations, the wars have not tended to have a lasting impact on the market.

In the short term, depending on how long the border situation lasts and how tense it gets, whether it de-escalates or escalates further can have a logical impact.

But the most likely outcome is, at least going by the last 50 years of history, such conflicts have tended to de-escalate in a matter of maybe a couple of days, or at most, say, a couple of months, which was Kargil and then the market discounts it much ahead of it and that’s what we would expect this time.

Yesterday, the market was down a percentage point; today, as you showed, the Gift Nifty is showing another percentage point down. We will see how things evolve, but it’s quite possible that in a few days’ time, it will more than fully recover the damage caused by the confrontation.

Amid the rising tensions, ahead of the trading session, Nilesh Shah, MD, Kotak Mahindra AMC shared his thoughts on the markets

This is fast fast-developing situation. Markets will react as events happen. We don’t have experience of the 1962, 1965 and 1971 war, but we do have experience of the 1999 conflict, somewhere in March 1999, when it was discovered that Pakistani soldiers were occupying our territories; markets started correcting in anticipation of a conflict, in anticipation of a war. Overall, the market came down about 15%, and then India responsibly stated that we will not cross LoC.

The market started discounting limited conflict, and before the first shot was fired on May 3, 1999, the market had recovered about 8% of the losses. Throughout the conflict between May 3, 1999, and July 26, 1999 market continued to rise, partly driven by valuation and partly by the limitedness of the conflict.

So clearly, events will drive the market. The only submission to the investor will be, don’t fall for the propaganda. Don’t fall for the disinformation. Follow your asset allocation dharma. Our long-term growth story remains fairly intact. And if this war is limited to a limited conflict, then probably every correction is a great opportunity to buy.

Oil held a gain as the market turned its attention to trade talks between the US and China this weekend after President Donald Trump announced an agreement with the UK.

Brent traded near $63 a barrel after advancing 2.8% in the previous session, and West Texas Intermediate was around $60. Trump said negotiations with China would result in tangible progress, although Beijing reiterated on Thursday its call for the US to cancel tariffs ahead of talks.

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.

here

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.

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