By afternoon trade on Tuesday, both the Sensex and Nifty slipped into the red after a strong opening earlier in the day. As of 2 PM, the BSE Sensex was trading at 80,613.44, down 183.41 points or 0.23%. Meanwhile, the Nifty 50 was hovering near 24,392.90, lower by 68.25 points or 0.28%. The Nifty Auto index stood out as the only major sectoral gainer, up 0.36%. In contrast, Nifty PSU Bank was the worst performer among the indices, tumbling nearly 2.5%, Other sectors including IT, FMCG, and financials also witnessed mild selling pressure.
Earlier, the Indian benchmark indices opened higher, supported by strong global cues, as Nifty opened above the 24,500 mark, whereas Sensex opened higher at the 80,907.24 level. On the Nifty index, the top gainers were M&M, Hero Motocorp, Bharti Airtel, Eicher Motors and Bajaj Auto, whereas the top losers were Bajaj Finance, Cipla, Titan, Sun Pharma and UltraTech Cement. Given the geopolitical tension, developments surrounding tariffs, and the continuation of the Q4 earnings season, volatility is predicted to stay high. Among the companies announcing their Q4 results today are Godrej Consumer Products, Bank of Baroda, CG Power and Industrial Solutions, BSE, Hindustan Petroleum Corporation, Polycab India, and Paytm. M&M, Indian Hotels Company, Coforge, and Tata Motors are among the stocks that are in focus today.
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May 06, 2025, 3:37 pm IST
Stock Market Live Updates: Top Gainers and Losers of the Day
As of 3:23 PM on May 6, the top gainers on the NSE were Hero Motocorp, which rose by 2.85%, followed by Bharti Airtel with a 2.02% gain. Tata Steel also saw an increase of 1.70%, while M&M and Hindustan Unilever were up by 1.65% and 1.64% respectively. On the other hand, the top losers included Adani Enterprises, which declined by 4.03%, followed by Jio Financial down by 3.43%. Eternal dropped 2.94%, while Trent and SBI Life slipped by 2.55% and 2.40% respectively.
May 06, 2025, 2:57 pm IST
Stock Market Live Updates: Bank of Baroda Q4 Results: Profit at Rs 5,419.70 cr
Bank of Baroda (BOB) reported a consolidated net profit of Rs 5,419.70 crore for the quarter ended March 2025, compared to Rs 5,132.45 crore in the same period last year. The Board has recommended a final dividend of Rs 8.35 per equity share, with June 6, 2025 set as the record date. Despite the strong earnings and dividend announcement, the stock traded lower at Rs 235.98 on the NSE, down 5.28%.
May 06, 2025, 2:14 pm IST
Stock Market Live Updates: Yes Bank Denies Stake Buy Reports, Calls SMBC-SBI Talks Speculative
Yes Bank clarified that while it regularly explores growth opportunities with various stakeholders, current reports about Japan's SMBC discussing a stake buy with SBI are speculative and not factually accurate. The bank stated, “The Bank is on a growth trajectory and routinely explores opportunities with various stakeholders, which are aimed at enhancing shareholder value. However, such discussions are preliminary and do not warrant a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, at this stage. The information pertaining to these discussions as set out in the article is speculative at this time and are not factually correct.”
May 06, 2025, 1:43 pm IST
Polycab India Limited Q4FY25
Polycab India Limited has announced its financial results for the fourth quarter and the full year ended March 31, 2025. For the financial year FY25, the company reported a total revenue of ₹2,24,083 million, registering a 24% year-on-year (YoY) growth. The EBITDA for the year stood at ₹29,602 million, reflecting a 19% rise, while the Profit After Tax (PAT) increased 13% YoY to reach ₹20,455 million. In the fourth quarter (Q4 FY25) alone, Polycab posted revenue of ₹69,858 million, marking a 25% YoY jump. The EBITDA surged 35% to ₹10,254 million, and the PAT for the quarter came in at ₹7,344 million, up 33% YoY.
May 06, 2025, 1:43 pm IST
Sundaram Clayton Q4 FY 2024-25 Results
Sundaram Clayton Limited (SCL) posted a revenue for the financial year 2024-25 at Rs. 2,109.14 Crores, as against Rs. 2,096.97 Crores recorded in 2023-24. The Company’s operating EBITDA for the year improved at 13.44% as against 12.78% over the last year. Profit before tax for the year ended March 2025 is at Rs. 306.08 Crores including a net exceptional gain of Rs. 196.69 Crores and Profit after tax at Rs. 257.92 Crores.
May 06, 2025, 1:16 pm IST
From SME To Mainstream: FMCG Stock Plans Dual Main Board Listings On NSE And BSE; DIIs Raise Stake In Q4
Shares of Krishival Foods Limited rose by 2.51% to Rs 245 on Tuesday, prior to the key announcements related to growth strategy and further market expansion that the company made on Tuesday.The company's strategy to move the equity shares at the NSE EMERGE (SME associate platform) to the Main Board of the National Stock Exchange (NSE) was agreed upon during a recent board meeting.
Ather Energy Share Price Listing: Unlike Ola Electric, Ather Energy Debuts At Premium On BSE, NSE
Ather Energy Share Price Listing: Ola Electric's new rival debuted on BSE and NSE on May 6th, 2025. This will be Ather Energy Limited. However, unlike Ola, Ather Energy has listed at a premium of 1.6% on BSE and 2.2% on NSE, compared to its IPO issue price of Rs 321. However, market experts are suggesting investors be cautious about Ather Energy.
M&M Shares Up 4% Post Q4: Rs. 23 Dividend Declared; Analysts Recommend ‘BUY’ With TP of Rs. 3,700
Shares of Mahindra & Mahindra (M&M) surged 4.2% intraday on Tuesday, boosted by strong investor sentiment following the company's impressive Q4 FY25 results. The rally came after M&M reported a 25% year-on-year increase in revenue and an impressive 47% jump in EBITDA for the fourth quarter of FY25, with strong performance in both its auto and farm equipment segments.
Result Update: R R Kabel | Robust all-round beat; Project Rise unveiled
“RR Kabel delivered a strong 4Q. Revenue grew 26% YoY (5% above JMFe) on the back of solid volume traction in domestic and export markets. Growth was broad-based, aided by continued strength in the wires and cables (W&C) segment (+28% YoY) and steady momentum in the FMEG portfolio (+13% YoY). EBITDA increased 69% YoY (32% above JMFe), with margin expanding by 220bps YoY, attributable to operating leverage, savings in operational cost, and an improved product mix. Strategic focus remains on scaling up the cables business, brand visibility, and investing in manufacturing capabilities. Our TP sees a reduction to INR 1,400 vs. INR 1,450 earlier despite 6-7% revision in FY26/27 estimates (driven by benefits from its capacity addition plans and a revamp in its product mix towards cables) as we reduce our target P/E multiple to 32x (35x earlier) given the broader de rating in the Indian W&C space in anticipation of higher competitive intensity. We maintain BUY,” said Gaurav Jogani of JM Financial Institutional Securities.
May 06, 2025, 11:42 am IST
Paras Defence In Focus
A strategic partnership between Paras Defence and Space Technologies Ltd. and HevenDrones Israel, an independent subsidiary of Heven, a multinational corporation established in the US and known for its autonomous, hydrogen-powered, and mission-specific drones, has been announced.
May 06, 2025, 11:14 am IST
OPEC+ production increase and its impact on Indian Refiners, OMCs and Upstream
“OPEC+ plans to gradually unwind 2.2mb/d of voluntary production cuts starting Jun’25, with an initial 0.411mb/d increase led by Saudi Arabia and Russia. The move reflects confidence in demand and aims to preempt rising non-OPEC+ supply. With inventories low and geopolitical risks persisting, crude prices may soften but not collapse. The EIA expects prices to average ~USD68/bbl in 2025. Lower crude prices are positive for Indian refiners and OMCs. Softer input costs and healthy cracks should support GRMs, while marketing margins may improve if retail prices remain steady. For upstream producers like ONGC and Oil India, softer crude prices could weigh on realizations and earnings, limiting near-term upside,” Yes Securities said in a note.
May 06, 2025, 11:05 am IST
Sector Update: Utilities & Power Equipment | 10 POWER points; A weekly roundup on power & utilities FY26
“Power demand was showing signs of revival in Mar’25 with energy demand/ peak demand growing at 7%/6% YoY. However, the recovery appears to be struggling again as energy demand/ peak demand during Apr’25 grew at just 2%/5% on YoY. Tendering of renewables has sharply moderated due to large unsigned PPAs. Central Electricity Authority (CEA) estimates peak power demand to touch 273 GW in Jun’25. Below is the weekly roundup on utilities/Power/RE for 27 Apr – 4 May’25 comprising 10 key sector events during the week,” said Sudhanshu Bansal of JM Financial Institutional Securities.
May 06, 2025, 10:36 am IST
Market Snapshot – May 6, 2025 | 10:30 AM
In early trading, Indian benchmark indices are down: the SENSEX drops to 80,601.58, down 195.26 points (-0.24%), while the NIFTY drops to 24,402.60, down 58.55 points (-0.24%). Despite mixed global cues, overall market behaviour is still cautious as market watchers are eyeing key earnings announcements.
May 06, 2025, 10:00 am IST
Result Update: Godrej Properties Limited | Strong end to the year; growth to moderate going ahead
“Godrej Properties (GPL) reported a strong quarter with quarterly bookings of INR 101.6bn (+7% YoY, +87% QoQ) led by strong demand across new launches and ongoing projects. For FY25, pre-sales reached INR 294bn, surpassing guidance by 9% and increasing 31% YoY, on the back of 29% YoY growth in volume to c.26msf. For FY25, GPL delivered robust performance in terms of cash flows as cash collections increased 46% YoY to INR 189bn and OCF came in at INR 75bn, up 73% YoY. GPL has taken a conservative stance on guidance as it aims to grow its bookings by 10% to INR 325bn in FY26E. However, the management highlighted that GPL has consistently exceeded its guidance since FY23 and intends to maintain the trend going ahead. According to the management, lower guidance is just an attempt to be a bit cautious given the significantly large base and uncertain macro-economic conditions. GPL has almost doubled its market share to 4.3% in Tier I cities in the last 5 years and is aiming to increase it further in the medium term. Our TP has increased by 4% driven by the significant beat on OCF by the company in FY25. We maintain BUY with a revised TP of INR 2,600,” said Sumit Kumar of JM Financial Institutional Securities Ltd.
May 06, 2025, 9:57 am IST
PATEL Engineering Bags An Urban Infrastructure Project Of Rs. 1,318.89 Cr CIDCO
CIDCO has awarded a contract valued at Rs. 1,318.89 crore to Patel Engineering Limited for the construction of the Kondhane Dam and its allied works using Roller Compacted Concrete (RCC) Technology. PEL had earlier been declared the L1 (lowest bidder) for this project. The project is located in Village Kondhane, Taluka Karjat, District Raigad in the state of Maharashtra, and is scheduled to be completed within 42 months. The scope of works includes Civil Works for the dam construction having a length of 1209m and 83m height along it’s allied works as well as Hydro Mechanical and Electrical works including 3 radial gates and electrical & manual gate control and other electrification works.
May 06, 2025, 9:16 am IST
Nifty Outlook By Anand James, Chief Market Strategist, Geojit Investments Limited
Another day with enthusiastic opening moves ended with a long upper wick. This reflects an unwillingness to chase prices higher, while also signaling distribution. Towards this end, we will lower the upside targets to 24770-850. The day's downside marker may be placed in the 24400-350 region, while slippage past 24280 could mark the start of a 23670-23460 plunge. The odds of the same appear low at this point though, as maintained yesterday, but we remain cautious.
May 06, 2025, 8:39 am IST
Market Outlook Today By Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
Sustained FII buying for the 13th day in a row, supported by weak dollar, has imparted resilience and support to the market despite the India-Pak tensions. This resilience is further reinforced by tailwinds in the form of soft crude, declining inflation and the RBI’s cheap money policy of rate cuts and abundant liquidity injection. These tailwinds have the potential to facilitate high GDP growth and improving corporate earnings in FY26. And the market is likely to discount this by moving to new highs. But the uncertainty regarding the India-Pak tensions will keep the market range bound in the near-term. Large cap IT has bottomed out. Large cap private sector banking stocks will remain resilient despite the recent run up.
May 06, 2025, 8:38 am IST
Nifty Outlook Today By Rajesh Bhosale, Equity Technical Analyst, Angel One
On the daily chart, the formation of consecutive small-bodied candles suggests that Nifty continues to undergo time-wise consolidation. However, unlike the past few sessions, prices surpassed the recent closing level tight range of 24350, breaking out on the higher side. Interestingly, the current close aligns around the 61.8% Fibonacci retracement level of the entire decline from the all-time high of 26275. The next few sessions will be crucial, if Nifty sustains above this key retracement above 24550–24600 zone, it could trigger the resumption positive momentum that has been missing for last couple of weeks. On the contrary, if the consolidation persists, traders are advised to maintain a positive bias. Intraday supports have now shifted higher to 24350 followed by 24200. Positional support remains intact around the 24000–23800 range, which coincides with the earlier bullish breakout zone and the 200DSMA. A notable positive development from today's session was the improved market breadth and outperformance of the Midcap Index. A continuation “Pennant” pattern is forming on the charts, and further strength in midcaps could support a broader market rally. Traders should keep a close eye on this space for potential opportunities.
May 06, 2025, 8:34 am IST
Bank Nifty Options Data Insights By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
The derivatives setup reflects a classic stalemate. Call writers are asserting dominance at higher levels, denting the bullish narrative. The 55,500 call strike has amassed a significant open interest of 10.91 lakh contracts, making it a formidable short-term ceiling. Meanwhile, aggressive put writing at the 55,000 level with 11.22 lakh contracts has turned it into a vital support. Strong OI buildup in the 55,700–56,000 corridor underscores that bears are actively defending these zones. The Put-Call Ratio (PCR) dipped slightly to 0.89 from 0.90, indicating a slight tilt towards defensive positioning. Max Pain remains anchored at 54,700, suggesting that unless a fresh trigger appears, the index could continue to oscillate without a clear trend.
May 06, 2025, 8:34 am IST
Bank Nifty Prediction Today By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
On the technical front, Bank Nifty remains boxed within the 54,000–56,000 band, which is increasingly acting like a pressure valve building steam. Repeated rejections from the 55,800–56,000 zone suggest waning bullish strength, while the support zone near 54,700–54,300 holds the index in check. Interestingly, the daily chart features a narrow-bodied candle with an upper shadow, hinting at emerging selling interest at higher levels.
However, in the absence of a decisive breakout or breakdown, the current structure continues to support a "wait and watch" approach. A conclusive move above 56,000 could trigger a sharp rally driven by short-covering and fresh buying. Conversely, a slip below 54,700 may pull the index lower toward the 54,300 zone. RSI remains marginally above 65, flashing early signs of exhaustion and advising traders to tread carefully on the long side.
May 06, 2025, 8:31 am IST
Nifty Options Market Insights By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
Derivatives data paints a picture of cautious optimism. While call writers have aggressively built positions at higher strikes, a lack of strong put writing at higher levels signals restrained bullish conviction. The 24,500 call strike holds substantial open interest of 1.30 crore contracts, reinforcing it as a key resistance zone. Meanwhile, significant put writing at the 24,000 strike (89.79 lakh contracts) has established this level as immediate support. The concentration of open interest in the 24,500–24,600 band confirms stiff resistance overhead, while the Put-Call Ratio (PCR) has risen from 0.68 to 0.81, suggesting a tilt toward defensive hedging strategies. Max Pain remains static at 24,400, pointing to a market in equilibrium, awaiting a breakout cue.
May 06, 2025, 8:31 am IST
Nifty Prediction Today By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
Currently, Nifty is hovering just beneath the psychological resistance zone of 24,500, and sustained buying interest is crucial to maintain the bullish bias. Technically, the index's struggle to clear this hurdle amid fading momentum is becoming a concern. However, the fact that prices remain above the 10-day EMA suggests that the short-term trend is neutral with a slightly cautious tilt.
Adding to the technical narrative, the daily chart displays narrow-bodied candlesticks, implying reduced trading ranges and indecisiveness near resistance. A failure to defend today’s intraday low could open the gates for sharper downside action. Still, the broader price action resembles a market in digestion mode—consolidating recent gains while awaiting a catalyst for the next directional move. The 24,500–24,550 zone remains a stubborn ceiling in the near term. A conclusive close above this band could trigger a breakout rally and short-covering, potentially propelling the index toward the 25,000 mark. Conversely, a breakdown below the 24,350 support area may pull the index back toward the 23,900–24,000 range.
From a momentum perspective, the daily RSI is marginally above 65 and has surpassed its previous swing high, indicating a slow build-up of bullish momentum. However, conviction remains muted, and the index must clear its resistance to unleash further upside.
May 06, 2025, 7:50 am IST
Nifty Bank Outlook Today By Om Mehra, Technical Research Analyst, SAMCO Securities
On the larger timeframe, Nifty Bank consolidates within a wide range, forming a Darvas Box pattern. A breakout above 56,100 or a breakdown below 54,175 will likely provide directional clarity and define the next major trend. The daily RSI has cooled off to 65, having dipped below the 70 mark, signaling a slight moderation in momentum. However, the daily MACD setup remains constructive, with the fast line maintaining its position above the slow line. The current phase may see some extended consolidation, but the broader outlook remains firm as long as the 54,175 support is defended. A sustained move above 55,530 could reignite upward momentum and re-establish the bullish trajectory.
May 06, 2025, 7:49 am IST
Nifty Outlook Today By Om Mehra, Technical Research Analyst, SAMCO Securities
Nifty holds above key moving averages and maintains its positive bias. The higher high and higher low formation remains intact, suggesting that the broader trend is still upward. The daily RSI is placed comfortably above the 70 mark. The upper Bollinger Band on the daily chart is currently placed near 24,600, which now acts as the immediate resistance. A move above this zone could open the way for Nifty to approach the swing high of 24,858. On the hourly chart, support is seen near 24,250, and any dip toward 24,350–24,400 may offer a short-term buying opportunity. The broader uptrend remains intact unless the index slips below 24,200, which would signal a potential momentum is weakening.
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