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#CNBCTV18Market | Market at day’s low, #Nifty Midcap 1.7% Off Highs while #Nifty50 & #NiftyBank nearly 0.5% off highs pic.twitter.com/FjUkIswCtk

— CNBC-TV18 (@CNBCTV18Live) May 8, 2025

Havells India on Thursday, May 8, said it received a letter of intent from Yamuna Expressway Industrial Development Authority (YEIDA) to establish an electronics manufacturing unit.

The same will be on 50 acre land in EMC, Sector 10 of YEIDA, in Uttar Pradesh. The company said it intends to use the land for future capacity expansion for manufacturing of consumer goods and home appliances.

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Stock trading in Pakistan has been halted. The Karachi 30 index has fallen by over 10% in the past two sessions alone. This came to pass after India carried out a military action against Pakistan on May 7.

The shares of Canara Bank rose significantly after the company reported its Q4 Results. The company shares rose by over 3%. In the Q4 results, the company reported a 33% rise in its profit numbers at ₹5,000 crore. While NII dipped, the NII and operating profit are higher than estimates.#4QWithCNBCTV18 | Canara Bank reports its Q4 results

????Net Profit Up 33.2% at ₹5,002.7 Cr Vs ₹3,757 Cr (YoY)

????NII Down 1.4% at ₹9,442 Cr Vs ₹9,580 Cr (YoY)

????Gross NPs at 2.94% Vs 3.34% (QoQ)

????Canara Bank NII & Operating Profit higher than estimates pic.twitter.com/3JwH297eCy

— CNBC-TV18 (@CNBCTV18Live) May 8, 2025

As we move into the second half of the day’s trading session, here are some stocks to look at, according to Aditya Agarwala of Invest4edu.

– Buy HCLTech for a target price of ₹1,700 with a stop loss of ₹1,550.

– Buy Avenue Supermarts for a target price of ₹4,300 with a stop loss of ₹3,950.

The shares of DB Corp declined by over 5% on Thursday. The company announced its Q4 results. In this, the company saw its net profit decline by over 57%. In addition, revenue and EBITDA also dipped in the quarter that ended in March.#4QWithCNBCTV18 | DB Corp reports its Q4 results

????Net Profit Down 57.3% at ₹52.5 Cr Vs ₹122.5 Cr (YoY)

????Revenue Down 11.2% at ₹547.6 Cr Vs ₹617 Cr (YoY)

????EBITDA Down 52% at ₹82.4 Cr Vs ₹172 Cr (YoY)

????Margin at 15% Vs 27.9% (YoY) pic.twitter.com/g9BySlg2uk

— CNBC-TV18 (@CNBCTV18Live) May 8, 2025

The shares of Intellect Design Arena gained over 7.5% in the intraday trade on Thursday. This is in addition to the 3.98% gain made by the company stocks on Wednesday, adding a cumulative gain of over 10% in two sessions.

The current price of Intellect Design Arena stands at ₹878.60 per piece.

The shares of Tata Tech gained over 2% on Thursday. The company’s stocks are in focus; reports have suggested a potential trade deal between US-UK, which may be signed today. In addition, the anchor client of Tata Tech.#CNBCTV18Market | Tata Tech in focus

????Reports say US-UK trade deal may be signed today

????JLR is the anchor client of Tata Tech pic.twitter.com/SLTKatFxqJ

— CNBC-TV18 (@CNBCTV18Live) May 8, 2025

Shares of leading players in the cables and wires industry like KEI Industries, Havells India, RR Kabel and Polycab India, rallied up to 3% in morning trade on Thursday amid the upbeat sentiments, following the strong Q4 performance.The Indian wire and cable (W&C) industry delivered a strong performance in the March quarter of the financial year 2025, led by upbeat numbers in the cables and wires segment across major players.

The shares of Vishal Mega Mart rose by over 5% on Thursday. This is coming after a day of decline on Wednesday, when the company shares closed with losses of 5.26%. Before that, the company enjoyed a 6-session-long streak of gains. The current share price stands at around ₹123.58 per piece.

Bharat Forge shares are in focus ahead of its Q4 results today. The company’s consolidated margin may improve YoY on a lower base. Revenue may fall, driven by 5% lower shipments.

The company’s share price stood at ₹1,129.50 after a decline of over 1%.#4QWithCNBCTV18 | #BharatForge to report #Q4 results today, consolidated margin may improve YoY on lower base. Revenue may fall, driven by 5% lower shipment pic.twitter.com/hl0OSsPuEj

— CNBC-TV18 (@CNBCTV18Live) May 8, 2025

Market Watch: Sacchitanand Uttekar, VP- Research (Derivatives & Technicals) of Tradebulls

Buy ICICI Bank for a target price of ₹1,485-1,550 with a stop loss of ₹1,434

Buy Adani Ports for a target price of ₹1,400-1,450 with a stop loss of ₹1,330

Market Watch: Sacchitanand Uttekar, VP- Research (Derivatives & Technicals) of Tradebulls

Buy ICICI Bank for a target price of ₹1,485-1,550 with a stop loss of ₹1,434

Buy Adani Ports for a target price of ₹1,400-1,450 with a stop loss of ₹1,330

As markets cool down, here are some stocks to consider according to Sacchitanand Uttekar, VP- Research (Derivatives & Technicals) of Tradebulls.

– Buy ICICI Bank for a target price of ₹1,485-1,550 with a stop loss of ₹1,434.

– Buy Adani Ports for a target price of ₹1,400-1,450 with a stop loss of ₹1,330.

The shares of Asian Paints are in focus, as the company is slated to announce its results today. The company shares were trading with a dip of 0.50%.

When it comes to the Q4 Results, another muted quarter is on the anvil as revenue is likely to remain flat, while margins may narrow from last year.

IndusInd Bank are in focus as rating agency Crisil has placed a long-term rating on ‘rating watch with negative implications’.#IndusIndBank in focus | Crisil places long-term Rtg on ‘rating watch with negative implications’ pic.twitter.com/jfrYqyZ63S

— CNBC-TV18 (@CNBCTV18Live) May 8, 2025

The defence stocks are in focus on Dalal Street. The shares of Cochin Shipyard, Mazagon Dock Shipbuilders and Garden Reach Shipbuilders & Enginers are trading with major gains on Thursday.

This came to pass after India carried out a crucial military action against Pakistan on May 7.

The shares of HCL Tech made gains of over 1% on Thursday. The company shares hit a daily high of ₹1,584.00. This comes after the company’s shares declined by 1% in Wednesday’s trading session. In the past month of trade, the Gurugram-based company has made gains of over 12%.

The FMCG stocks are under pressure, as they are trading lower in the early hours of the day. In this, Dabur is down nearly 2% after the company posted flat revenue growth and an 8.5% YoY decline in Q4 profit.#CNBCTV18Market | #FMCG stocks trade lower; #Dabur down nearly 2% after company posts flat revenue growth and an 8.5% YoY decline in Q4 profit pic.twitter.com/Vy9M5uqkmt

— CNBC-TV18 (@CNBCTV18Live) May 8, 2025

As we start another day’s trade, here are some of the shares you may want to buy/sell, according to Sudarshan Sukhani, Technical Trends.

– Buy Muthoot Finance with a stop loss of ₹2,258

– Buy APL Apollo Tubes with a stop loss of ₹1,621

– Buy Marico with a stop loss of ₹719

– Sell Gujarat Gas with a stop loss of ₹468

Symphony Ltd shares galloped over 11% after it reported a strong set of numbers for the March quarter, with net profit climbing 64.6% year-on-year to ₹79 crore, compared to ₹48 crore in the same period last year.

The shares of Niva Bupa have started the day’s trade with major gains of over 10%. This came to pass after the company reported Q4 net profit jumps 31% to ₹206 crore. Along with that, the gross premiums also rose by 18%.

The Indian Rupee opened and bettered its position against the US Dollar. The currency started the day’s trade at 84.64, against yesterday’s 84.83 against the US dollar.#RupeeCheck | Rupee opens at 84.64/$ vs Wednesday’s close of 84.83/$ pic.twitter.com/pWwChUaGNX

— CNBC-TV18 (@CNBCTV18Live) May 8, 2025

Here are some stocks to watch out for

Between the Reds and the Greens, here are some of the stocks in focus on Thursday.#StocksToWatch | Here’s a list of stocks in focus going into trade today???? pic.twitter.com/HSbQcAaMyG

— CNBC-TV18 (@CNBCTV18Live) May 8, 2025

Here’s how the global market cues are placed this morning#CNBCTV18Market | Here’s how the global market cues are placed this morning pic.twitter.com/BXnqO569td

— CNBC-TV18 (@CNBCTV18Live) May 8, 2025

Shares of Tata Motors Ltd., the manufacturer of passenger and commercial vehicles and the parent company of Luxury car maker Jaguar Land Rover (JLR), will be in focus again on Thursday, May 8, on reports of a potential trade deal.

CLSA maintains hold on #Voltas, cutting the target to ₹1,375/sh; cites weak earnings, cooling segment pressure, and soft April demand.#CNBCTV18Market | #CLSA maintains hold on #Voltas, cuts target to ₹1,375/sh; cites weak earnings, cooling segment pressure, and soft april demand pic.twitter.com/LMkgdRHjQ9

— CNBC-TV18 (@CNBCTV18Live) May 8, 2025

The yellow metal is in focus again. Gold prices have risen following the Fed’s decision to hold the interest rate at 4.25%-4.50%. The price of spot gold, according to Reuters, stands at $3,387.33.

Thursday Cues

Asian markets range bound after Fed leaves rates unchanged

Fed Statement:

“The Committee is attentive to the risks to both sides of its dual mandate and judges that the risks of higher unemployment and higher inflation have risen.”

US futures up 0.2 – 0.5%

India on high alert

Operation Abhyaas : Civil Defence Mock Drills Across The Country

Heavy Artillery Firing Along LoC, particularly in Poonch

15 People Killed & 43 Injured In Pakistani Firing

NSA Doval: No Intent To Escalate Tensions, But Ready To ‘Retaliate Resolutely’ If Pak Decides To Escalate

Fund Flow

FIIs Net Buy`2,585.86 Cr In Equities

DIIs Net Buy `2,378.49 Cr In Equities

Stocks in Focus

Coal India better than expected

Dabur: Weak, volume growth down 3%, margin down 150 bps

United Breweries : Good set, margins 0.5% higher than expected

Blue Star Q4: UCP division growth at 15% not as strong as expected

Voltas : slightly below expectations

Symphony : Net Profit (GU)64.6%; Revenue (GU)47%; Margin almost up 22%

Amid the chaos of the trade war, attempts are being made to bring stability to the international trade arena. According to the NYT reports, the US is set to announce a trade deal with the United Kingdom.

From NYT | US to announce trade deal with UK#DonaldTrump #TrumpTariffs https://t.co/vesF74AHRF pic.twitter.com/EBaQnzjtMt

— CNBC-TV18 (@CNBCTV18Live) May 8, 2025

POINTS TO Ponder

No escalation from Pakistan overnight; cross-border shelling continues

Fed Chair Powell’s mantra: Wait & see & watch !

Powell: “We don’t think we need to be in a hurry. We think we can be patient…”

Markets cut June Fed cut expectations slightly; -5 bps post-Powell vs about -8 bps prior

Equities held on steady; SPX +0.43%, Nasdaq +0.27%

Dollar Index +0.67% to 99.90

Brent Oil -1.9% to $60.98

Trump teases a major trade deal with ‘big, highly respected country’

President Trump said that he is unwilling to lower tariffs to get China to the table

A US envoy has reportedly been sent to China

PS: US & China agreed to start trade talks in Switzerland this week

EU to make public a list of over $100 billion worth of US products it could hit with tariffs

Nifty needs to clear 24,589 (recent high)

On the way down, the low of 24,198 will be important to watch

Bank Nifty’s immediate resistance at 54,747 (40-HEMA)

Bank Nifty resistance at the high of 55,692

On the way down, supports come in at 53,695 (20-day MA) & 52,562 (40-day EMA)NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.