Intro — Markets Hold Nerves Despite Geopolitical Flare‑Up
Indian equity market shook off early losses sparked by fresh Indo‑Pak strikes Operation Sindoor and finished marginally higher. The Nifty 50 added 0.14 % to 24,414.40, while the Sensex gained 0.13 % to 80,746.78. Auto stocks powered the rebound after Tata Motors’ demerger approval, whereas defensives lagged. Volatility stayed elevated ahead of tonight’s U.S. Fed decision.
1. How Did the Indices Move Intraday?
| Time (IST) | Nifty 50 | Market Colour |
|---|---|---|
| 09:15 | 24,372 | Gap‑down open on war‑risk headlines |
| 11:00 | 24,210 | Day‑low as the rupee slipped to ₹84.82/USD (RBI Ref. Rate) |
| 13:30 | 24,350 | Bounce led by auto & textile names on FTA optimism |
| 15:30 | 24,414 | Close near high on short‑covering; Sensex +106 pts |
2. Sector Snapshot — Winners & Laggards – Market Today
- Auto (+1.7 %) – Tata Motors jumped 5 % on the demerger and UK‑FTA hopes.
- Textiles (+1.4 %) – Welspun Living rallied 12 % on export‑order buzz.
- Defence (‑1.0 %) – Profit‑taking after a month‑long run despite escalation fears.
- FMCG (‑0.6 %) – Asian Paints & ITC fell on soft demand signs.
3. Top Gainers and Losers
Nifty 50 — Top 5 Gainers
| Stock | % Chg | Key Trigger |
|---|---|---|
| Tata Motors | +5.05 % | Demerger approval; UK‑FTA tailwind |
| Shriram Finance | +2.38 % | Strong AUM update in filing |
| Bajaj Finance | +2.14 % | ₹736 cr NCD issue, upbeat loan growth |
| Jio Financial | +1.95 % | Anticipated RBI nod for NBFC arm |
| Eternal | +1.85 % | Renewables order‑book win |
Top 5 Losers
| Stock | % Chg | Reason |
|---|---|---|
| Asian Paints | ‑3.53 % | Softer demand; rising input costs |
| Sun Pharma | ‑1.95 % | US pricing pressure, tariff chatter |
| Grasim Industries | ‑1.42 % | Pre‑earnings caution |
| Bajaj Auto | ‑1.20 % | Profit‑booking after record highs |
| ITC | ‑1.15 % | Weak cigarette‑volume whispers |
Nifty 500 — Notable Movers
(Data source: Zerodha Technicals Dashboard)
| Category | Stock (Ticker) | % Chg | Catalyst |
| Top Gainer #1 | Welspun Living (WELSPUNLIV) | +13.04 % | Export‑order wins; textile FTA optimism |
| Top Gainer #2 | CCL Products (CCL) | +11.31 % | Blow‑out Q4 profit; cocoa‑butter export boom |
| Top Gainer #3 | KPR Mill (KPRMILL) | +8.63 % | Robust yarn demand and capacity expansion news |
| Top Gainer #4 | Endurance Tech (ENDURANCE) | +8.21 % | EV‑component order pipeline upgrade |
| Top Gainer #5 | Piramal Enterprises (PEL) | +7.46 % | Stake sale buzz in pharma CDMO arm |
| Top Loser #1 | Mazagon Dock (MAZDOCK) | ‑5.26 % | Profit‑booking after defence run‑up |
| Top Loser #2 | Bharat Dynamics (BDL) | ‑4.90 % | Order‑execution delays flagged by brokers |
| Top Loser #3 | Adani Energy Sol. (ADANIENSOL) | ‑3.95 % | Higher leverage concerns post capex update |
| Top Loser #4 | Radico Khaitan (RADICO) | ‑3.60 % | Input‑cost worries; weaker premium‑rum sales |
| Top Loser #5 | Bombay Burma Trading (BBTC) | ‑3.55 % | Plantation price softness; low tea volumes |
Market breadth: 297 advances vs 203 declines on the Nifty 500.
4. Key Drivers
- Geopolitics: Precision strikes in PoK; Pakistani media claimed downed jets.
- Currency & Commodities: Rupee at ₹84.82/USD; Brent held ~$82.
- Global Cues: China’s surprise rate cut buoyed Asia; US futures muted before FOMC.
- Domestic Data: Services PMI cooled to 57.2; GST collections hit ₹1.79 lakh crore.
5. Institutional Flow & Technical Dashboard
| FIIs | DIIs | |
|---|---|---|
| Net (₹ cr) | +3,062 | ‑1,048 |
Zerodha’s heat‑map showed bullish momentum in Auto & Textiles, while FMCG and Defence turned bearish after RSI divergences.
6. Earnings & IPO Calendar
- Results on 8 May: SBI, HDFC Bank, Bharti Airtel, Jubilant FoodWorks.
- IPOs: Virtual Galaxy Infotech SME opens 9 May; Kenrik Industries lists 9 May.
- Index Changes: NSE adds Nuvama Wealth to Nifty 500; removes Spandana Sphoorty effective 14 May.
7. Watchlist for Thursday
- FOMC decision and Powell’s presser (early IST).
- Follow‑up on Indo‑Pak tensions and any impact on airlines or commodities.
- Q4 commentary from SBI and HDFC Bank on credit costs.
- Rupee trajectory and possible RBI intervention cues.
This post is for informational purposes only and does not constitute investment advice.
We have also covered blogs on previous market sessions:
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