POST MARKET
Indian equity markets ended marginally lower in another volatile session on Thursday (May 7), with the Nifty manged to hold above 24,330 mark amid hopes of easing geopolitical tensions following reports of a potential US-Iran peace deal.
Sectorally, selling pressure was seen in FMCG, IT, PSU Bank and consumer durable stocks, while buying interest emerged in auto, defence, media, defence, metal counters.
Broader markets continued to outperform the benchmark indices, with the Nifty Midcap index rising 1.1% to hit a fresh high of 62,094.40, while the Smallcap index gained 0.9%.
STOCKS IN NEWS
Tejas Networks
Tejas Networks shares surged nearly 15 percent The rally in the stock today came after exchange4media reported that Tejas Networks equipment cleared multi-ministry-backed lab and field trials for direct-to-mobile (D2M) broadcasting, validating the technical and regulatory feasibility of the technology.
Cartrade Tech
Shares of CarTrade Tech Ltd surged more than 6 percent on Thursday after the company reported record annual earnings and strong fiscal fourth quarter growth, supported by sharp expansion in profitability across its businesses. The CarTrade Tech stock was trading at Rs 1,942 in late morning trade, up 7.5 percent for the day after remaining strong since morning and extending gains following the quarterly results announcement.
Hero Motocorp
Hero MotoCorp shares jumped 3.53 percent after a rating upgrade by Jefferies, which cited stabilising demand trends, recovery in market share and improving medium-term prospects from both electric vehicles and the core internal combustion engine (ICE) business.
One 97 Communications
Stock of One 97 Communications rose by near 8 percent today after Paytm reported a net profit of Rs 184 crore for Q4 FY26, compared with a loss of Rs 540 crore in the year-ago period, driven by improvement in operating performance.
Source – Moneycontrol
