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The state-owned Bharat Earth Movers (BEML) Ltd. has announced a second interim dividend of ₹15 per equity share (150%) on the face value of ₹10 each for the financial year 2024-25.

The company shares rose by over 1.5% on Friday.

Titan shares gained over 3% on Friday, May 9, as brokerages projected up to 28.4% upside on the stock despite price revisions after the company reported its fourth-quarter earnings on Thursday.

India’s mutual fund industry saw record Systematic Investment Plan (SIP) contributions in April 2025, with total inflows reaching ₹26,632 crore, the highest ever for a single month, according to data released by the Association of Mutual Funds in India (AMFI).

AMFI also reported that between 95 lakh to 1 crore SIP accounts were closed during the month.

April AMFI Data

Net inflows into India’s equity mutual funds moderated in April 2025, declining by 3.2% month-on-month to ₹24,253 crore from ₹25,017 crore in March, as per the latest data from the Association of Mutual Funds in India (AMFI).

Shares of Bharat Forge Ltd, the auto-to-defence equipment manufacturer, gained over 5% on Friday, May 9, even after it reported a soft performance for the January–March quarter. While analysts have maintained their stance on the stock, many have lowered their price targets following the results.

As the markets extend losses, here are some stocks to look out for, by Mitessh Thakkar, Technical Analyst

– Buy Yes Bank with a stop loss of ₹19 and a target of ₹21

– Buy L&T with a stop loss of ₹3,400 and a target of ₹3,575-₹3,600

Total AUM at 70 lk cr vs 65.7lk cr                                                  

Equity AUM at 30.6 lk cr vs 29.5lk cr#JustIn | April #MutualFund Data ????

????Net equity inflow at ₹24,253 cr vs ₹25,017 cr inflow (MoM)

????Total AUM at ₹70 lk cr vs ₹65.74 lk cr (MoM)

????Large Cap fund inflow at ₹2,671.46 cr vs ₹2,479.31 cr inflow (MoM)

Here’s more???? pic.twitter.com/FA03lqdDxg

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

Jigar Mistry, Co-founder of Buoyant Capita how different sectors are lining up.

Chemical stands out, pharmaceutical stands out. Cement sends out. So those are the sectors incrementally, and if sort of FIIs stick to a bit of selling again, given that they have built up a lot, currency has helped them in the process, and financials get offered at a better valuation than these four sectors – chemicals, pharmaceuticals, and cement – irrespective of financials at a little lower valuation.

As the Indian markets navigate through the reds of decline, the Nifty Midcap 100 index is also under pressure. The index has lost another 1% of its value. This marks the second consecutive session of decline for the index. On Thursday, the index dipped by 1.95%.

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.

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