Indian stock market opened in red, however, picked up momentum soon after. Sensex opened below 80,000, however, is now up by 200 points. Similarly, Nifty 50 opened lower at 24,233.30, but surged to hit an intraday high of 24,449.60. India's volatility index climbed 3%. Stocks like Tata Motors, Bajaj Finance, Power Grid & M&M were top gainers.
However, stocks like HCL Tech, Asian Paint, Sun Pharma, Titan, and L&T emerged as top losers.
The performance comes after the tensions between India-Pakistan heightened with India striking Pakistan's terror infrastructure. This operation is called as Operation Sindoor by India. In the early trade, Gift Nifty dropped by more than 100 points. Defence stocks will be in focus after India launched Operation Sindoor.
In the previous session, Sensex and Nifty erased their two-days winning streak. Sensex dropped 155.77 points or 0.19% to end at 80,641.07. Also, Wall Street closed in red ahead of FOMC meeting outcomes.
Brent crude climbed more than 1%
India-Pakistan war along with FOMC meeting will drive the sentiment in Indian stock market on Wednesday.
LIVE Feed
May 07, 2025, 3:26 pm IST
Stock Market Live Updates: PNB Annual Net Profit Doubles to Rs 16,630 Crore in FY25
Punjab National Bank (PNB) reported a 101.7% year-on-year rise in net profit to Rs 16,630 crore for the financial year 2024–25. The bank also posted a 51.7% jump in net profit for the fourth quarter, reaching Rs 4,567 crore, up from Rs 3,010 crore in the same period last year.
May 07, 2025, 2:47 pm IST
Stock Market Live Update: HUDCO Q4 FY25 Results: PAT Up 4%, Revenue Jumps 38%
HUDCO (Housing and Urban Development Corporation) reported a 4% year-on-year (YoY) increase in its net profit for the fourth quarter of FY25, reaching Rs 728 crore. Revenue also surged by 38% YoY to Rs 2,845 crore. While the profit after tax (PAT) saw a slight decline of 1% on a sequential basis, the full fiscal year's PAT saw a robust growth of 28%, amounting to Rs 2,709 crore. Additionally, the company announced a final dividend of Rs 1.05 per share, complementing the earlier interim dividends. HUDCO's loan portfolio grew by 35% to Rs 1.24 lakh crore, reflecting strong business growth. Despite these positive results, the company's shares fell by 3.5% following the earnings announcement.
May 07, 2025, 2:17 pm IST
Sapphire Foods Q4 Results
Sapphire Foods, the leading franchisee for KFC in India, reported its Q4 and full-year results. The company added 91 new restaurants during the year, crossing the milestone of 500 KFC outlets, effectively doubling its count in the last three years. For the full year, consolidated revenue and restaurant count posted double-digit growth, while EBITDA rose by 4%, maintaining a healthy margin of 17.1%. However, Adjusted EBITDA declined by 4%, reflecting margin pressures. The consolidated PAT stood at ₹167 million (0.6%), and adjusted PAT at ₹404 million (1.4%).
Paradeep Phosphates Ltd reported its financial results for the quarter and full year ended 31st March 2025, delivering robust performance across operational, financial, and strategic metrics. For FY25, the company posted a 452% year-on-year surge in profit after tax (PAT), powered by record fertilizer sales of 3.03 million tonnes. Revenue from operations stood at ₹13,820 crore, registering a 19% growth over the previous year. EBITDA rose sharply to ₹1,367 crore, up 91% year-on-year, while profit before tax increased by 434% to ₹753 crore. In Q4 alone, revenue grew by 56% to ₹3,494 crore, with EBITDA doubling to ₹389 crore and PBT rising nearly eight-fold to ₹223 crore
May 07, 2025, 12:33 pm IST
BSE Share Price Soars 9.6%, Hits Fresh 52-Week High Post Q4 Results
Shares of BSE Ltd (Bombay Stock Exchange) surged nearly 9.6% in early trade on May 7, 2025 as the exchange reported strong Q4 FY25 results and a generous Rs. 23 per share final dividend announcement. The BSE stock hit a new 52-week high of Rs. 6,685, adding to its impressive rally over the past year.
India-UK FTA Agreement View By Gyanendra Tripathi, Partner & Leader (West), Indirect Tax at BDO India
The India-UK FTA would be a catalyst to increase bilateral trade between India and the UK. While the UK is eliminating tariffs on 99% of the overall tariff lines, India is reciprocating by offering duty reductions in 90% of the tariff lines, with 85% of such tariff lines becoming duty-free within a decade. India has agreed to halve duty rates on whiskey and gin to 75% now, before reducing to 40% by year 10, and a reduction in duty on automotives from 100% to 10% under a quota. At the same time, the press release on highlights of the FTA also mentions the removal of non-tariff barriers and significant commitments being secured by India on digitally delivered services for Indian service suppliers. The industry would now need to study the fine print of the FTA and lay out a roadmap on how best to derive the benefit of this FTA.
May 07, 2025, 11:12 am IST
Result Update: Aadhar Housing Finance | Steady quarter
“Aadhar Housing Finance (Aadhar) reported a stable quarter with PAT at INR 2.5bn (+21%/2% YoY/QoQ, -3% JMFe), driving RoA/RoE of 4%/16%. Key metrics include: i) AUM growth of +21%/6% YoY/QoQ, led by disbursements growth of +18%/23% YoY/QoQ; ii) NII stood at INR 4.1bn (+22% YoY, flat QoQ), impacted by a contraction in calc. NIMs of 38bps QoQ; and iii) Credit costs of 10bps of AUM, supporting profitability. For FY26, management guided for i) AUM and disbursement growth of 20–21% and 18–19%, respectively, ii) PAT growth of 20–21%, iii) 30–50bps improvement in the cost-to-income ratio, and iv) GNPA to remain between 1.1–1.15%. Given the near-term pressure on NIMs, we cut our FY26/27E earnings estimates by ~3% - 4%. Supported by strong growth visibility and stable asset quality, we expect AUM CAGR of 20% during FY25-27E and avg RoAs/RoE of ~4.2%/16% over FY26–27E. We maintain BUY with a target price of INR 525, valuing the company at 2.6x FY27E BV,” commented Ajit Kumar of JM Financial Institutional Securities.
May 07, 2025, 10:26 am IST
Result Update: One 97 Communications (Paytm) | Adjusted EBITDA profitability achieved, PAT in focus next quarter
“Paytm reported INR 19.1bn revenue (+5% QoQ) driven by INR 700mn benefit from UPI incentive. Even excluding incentive, company reported 1% sequential growth, despite 4Q being a seasonally weak quarter. While Payments GMV remained flat QoQ, strong growth of c.9% in Financial Services (via merchant loans) drove the uptick. Marketing services revenue remained flattish sequentially considering seasonal peak in 3Q. Higher mix of Financial Services revenue led to contribution margin (CM) expansion of 200bps QoQ (excluding UPI incentive). Furthermore, continued tight control on indirect expenses led to Adj. EBITDA margin of 4.2%, +641bps QoQ. Company turned Adj. EBITDA positive this quarter, delivering remarkable recovery from the disruption in January 2024. Adj. PAT losses narrowed to INR 224bn after adjusting for one-off expense of INR 5.2bn on account of cancellation of ESOPs voluntarily forgone by the CEO. Management expects Paytm to turn PAT positive next quarter along with multiple growth triggers such as MDR on UPI, return of wallet, etc. With CMP implying c.27x FY27E Adj. EBITDA and likely upside risks, we reiterate BUY with Mar’26 TP of INR 1,070, valuing Paytm at 60x FY27E PER,” said Sachin Dixit of JM Financial Institutional Securities Ltd.
May 07, 2025, 10:09 am IST
Nifty Outlook Today By Sameet Chavan, Head Research, Technical and Derivative - Angel One
The index lacked follow-through buying post Monday’s gains and continues to oscillate within a range. Resistance remains intact at 24550–24600, which also marks the 61.8% Fibonacci retracement level, commonly referred to as the “Golden ratio.” Unless this resistance is decisively breached, the market is likely to remain in a consolidation phase. On the downside, 24200 acts as immediate support, while the 24000–23800 zone serves as a crucial positional support zone, aligned with the 200-DSMA and prior breakout levels. Dips towards these levels can be seen as buying opportunities in line with the primary bullish trend. Geopolitical tensions between India and Pakistan continue to weigh on sentiment.After Monday’s brief sign of optimism, the broader market again showed signs of weakness, with nearly four stocks declining for every one advancing, a clear sign of nervousness among participants. Until there's a visible improvement in breadth and sentiment, it’s advisable to stay cautious and avoid complacent trades.
May 07, 2025, 9:42 am IST
Market Live Updates: Sensex, Nifty Volatile
Sensex opened below 80,000, however, is now up by 200 points. Similarly, Nifty 50 opened lower at 24,233.30, but surged to hit an intraday high of 24,449.60. India's volatility index climbed 3%. Stocks like Tata Motors, Bajaj Finance, Power Grid & M&M were top gainers.
May 07, 2025, 9:03 am IST
Stock Market Live Updates: Crude Oil Outlook Today
Crude Oil jumped more than 3.50% on Tuesday to close above the key ₹5,000 mark. The rally followed a global surge in oil prices, with Brent crude nearing as U.S. producers like Diamondback and Coterra signalled rig cuts, curbing supply. Additionally, API data revealed a surprise 4.5M barrel draw in U.S. inventories. Demand optimism was fuelled by strong May Day holiday spending in China and positive Q1 earnings forecasts from Europe. The confirmed US-China trade talks in Switzerland further lifted market confidence, keeping oil’s near-term trend firm. We expect crude oil prices to remain volatile in today’s session. Crude oil is having support at .60-58.00 and resistance is at .10-61.00 in today’s session. In INR crude oil has support at Rs4,940-4,870 while resistance at Rs5,100-5,170: Rahul Kalantri, VP Commodities, Mehta Equities.
May 07, 2025, 8:42 am IST
Market Live Updates: What Will Impact Sensex, Nifty?
In a major escalation, India’s Army, Navy, and Air Force launched joint precision strikes on nine terror hubs in Pakistan and PoK at 1:44 am—the first such move since the 1971 war—following the Pahalgam terror attack that killed 26 civilians. Pakistan has vowed retaliation, terming it an 'act of war'. Markets now hinge on three catalysts: further military action, global tariff progress, and the US Fed’s policy decision on May 7. Nifty remains volatile with key support at 24,171. Polycab gained 2% on strong Q4 earnings, Cummins India fell 7% due to US tariff risks, and Bank of Baroda dropped 7% on margin concerns despite profit growth. Traders should consider selling Nifty near 24,500–24,550 and Bank Nifty near 54,600–54,900. Stock-specific bearish setups include BHEL, Zomato (Eternal), and Policybazaar on early intraday weakness: Prashanth Tapse, Senior VP (Research), Mehta Equities.
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