Stock Market Highlights: Indices close in the green amid volatility, Nifty 50 holds 24,400

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Broader Markets Outperform Benchmarks, Midcap Index Rises 2%

Market Breadth Turns In Favour Of Advances, Adv-Decline ratio At 3:2

Sensex Rises 106 Points To 80,747 & Nifty 35 Points To 24,414

Nifty Bank Gains 340 Points To 54,611 & Midcap Index 852 Points To 54,288

Stocks See Sharp Reaction To Strong Results, Paytm, PEL, BSE Up 6% Each

Polycab Closes Off Highs On Mixed Outlook, KEI Higher On Healthy Q4

Tata Motors Rises 5% On India-UKA FTA & Shrhldr Nod For CV Demerger

Auto Stocks Gain On India-UK FTA Pact, Samvardhana Rises Over 5%

Defence Stocks See Profit Booking, Mazagon Dock Falls Nearly 5%

MRF Gains 4% As Q4 Earnings Come Higher Than Estimates

HUDCO Slips Over 4% From Highs Despite 26% Rise In NII

Cartrade Slips 10% From Highs Following Decline In Monthly Avg Unique Visitors

Radico Khaitan, Som Distilleries Drop Up To 5% After India-UK FTA Finalisation

Bharat Seats Hits 20% Upper Circuit On Strong Profit & Revenue Growth

Paytm Rises Over 7% On Positive Mgmt Commentary & EBITDA Breakeven

KEI Ind Rises Over 3% After Q4 Beats Estimates; C&W Revenue Up 34% YoY

Angel One Jumps 3% As Client Addition Pace Picks Up After Slowing For 3 Mths#JustIn | Navin Fluorine announces strategic agreement with Chemours Company to manufacture and establish initial capacity of Opteon two-phase immersion cooling fluid – proprietary product of Chemours at company’s Surat facilities pic.twitter.com/fLK4iTaZSs

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

– Net profit up 72% at ₹293 crore vs ₹170.4 crore (YoY)

– Revenue up 15.6% at ₹5,509 crore vs ₹4,765.7 crore (YoY)

– EBITDA up 47.5% at ₹413.5 crore vs ₹280.3 crore (YoY)

– Margin at 7.5% vs 5.9% (YoY)

State-run Punjab National Bank Ltd. reported results for the March quarter, on Wednesday, May 7, where its core income saw a rise from last year, contrary to a fall seen in peer Bank of Baroda. The company also saw elevated slippages and provisions, and expects operating profit to be lower compared to the previous financial year.

here#4QWithCNCBTV18 | #PNB reports its #Q4 earnings. Board approves fund raise of up to ₹8,000 cr via issuance of Basel III compliant bonds

–Net Profit Up 52% At ₹4,567 Cr Vs ₹3,010 Cr (YoY)

–NII Up 3.8% At ₹10,757 Cr Vs ₹10,363 Cr (YoY)

–Other Income At ₹4,716 CrVs… pic.twitter.com/B6YJkmchgF

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

As we move closer to the closing bell for the day, here are some stocks that you may want to buy/sell, according to Chandan Taparia, Motilal Oswal Financial Services.

– Buy Apollo Tyres with a stop loss of ₹480 and a target of ₹515-520.

– Buy Marico with a stop loss of ₹720 and a target of ₹760-770.

Net Profit Down 99%At ₹126 Cr Vs ₹10,666 Cr (YoY)

One-time Gain At Nil Vs₹10,635.08 Cr (YoY)

Revenue Up 2.4% At ₹936 Cr Vs ₹914 Cr (YoY)

EBITDA Up 2.5% At ₹212 Cr Vs ₹207 Cr (YoY)

Margin Flat At 22.6% (YoY)

Net Profit Down 19% at ₹17 Cr Vs ₹21 Cr (YoY)

Revenue Down 5.1% at ₹179 Cr Vs ₹188 Cr (YoY)

EBITDA Flat at ₹26.80 Cr (YoY)

Margin at 15% Vs 14.3% (YoY)

As the markets trade with minor cuts, here are the stocks in focus, according to Pritesh Mehta, Executive Vice President, Yes Securities.

– Buy TVS Motor Company with a stop loss of ₹2,600 and a target of ₹3,350.

– Buy Power Grid with a stop loss of ₹300 and a target of ₹345.

State-run Housing and Urban Development Corporation (HUDCO) Ltd., reported a 4% year-on-year growth in its net profit at ₹728 crore in comparison to the same quarter last year.

here

– Net Profit Up 42.5% at ₹11.4 Cr Vs ₹8 Cr (YoY)

– Revenue Up 41.4% at ₹393 Cr Vs ₹278 Cr (YoY)

– EBITDA Up 34% at ₹23 Cr Vs ₹17 Cr (YoY)

– Margin at 5.8% Vs 6.1% (YoY)

The Nifty 50 index is trading with minor cuts at 24,369.3.

ICICI Bank, ITC, and Sun Pharma are contributing 15.5, 9.5, 7.7 points, respectively, to the downside. On the other hand, Tata Motors (12.4 points), Bajaj Finance (7.9 points) and M&M (7.1 points) are the top contributors.#4QWithCNBCTV18 | Hudco reports its Q4 results

????Net Profit Up 4% at ₹728 Cr Vs ₹700 Cr (YoY)

????NII Up 26.4% at ₹962 Cr Vs ₹761 Cr (YoY) pic.twitter.com/zO46F7N9RP

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

Net profit up 31.2% at ₹498 cr vs ₹379.6 cr (YoY)

Revenue up 11.7% at ₹6,944 cr vs ₹6,215 cr (YoY)

EBITDA up 17.8% at ₹1,043 cr vs ₹885 cr (YoY)

Margin At 15% Vs 14.3% (YoY)

MRF Q4 margin at 15% vs BBG est of 12.50%

here

CarTrade Tech Ltd., the online market place for used cars, reported its March quarter results on Wednesday, May 7. The numbers were higher on a year-on-year basis on all parameters. The stock though, has cooled off from the day’s high post the results.

here

Shares of BSE Ltd. surged up to 10% to reach an intraday high of ₹6,847.50 during Wednesday morning trade, led by strong March quarter earnings.

The company reported a 10.2% quarter-on-quarter increase in revenue at ₹846.70 crore. The figure was 10% higher than the consensus estimate of ₹768.10 crore. Revenue growth has been being driven by:

here

Newly listed Ather Energy surges more than 6% in intraday trade on Wednesday.#CNBCTV18Market | Newly listed #AtherEnergy surges more than 6% intra-day pic.twitter.com/OqGqw2KwvU

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

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.

here

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.

here

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

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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.