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Indian benchmark indices Sensex and Nifty ended on a positive note, amid volatility led by geopolitical tensions after India launched a missile attack at various terror sites in Pakistan and Pakistan-occupied Kashmir (PoK).
At close, the Sensex was up 105.71 points or 0.13 percent at 80,746.78, and the Nifty was up 34.80 points or 0.14 percent at 24,414.40. About 2121 shares advanced, 1620 shares declined, and 149 shares remained unchanged.
Tata Motors, Bajaj Finance, Jio Financial, Shriram Finance, and Eternal were among the major gainers on the Nifty, while losers included Asian Paints, Sun Pharma, Bajaj Auto, Grasim Industries, and Reliance Industries.
Among sectors, except FMCG, pharma, all other indices ended in the green with auto, media, realty, and consumer durables up 1 percent each.
The broader market indices remained strong, with the BSE midcap index up by 1.3 percent and the smallcap index increased by 1 percent.
STOCKS TODAY
Ather Energy
Shares of the company that recently had an IPO surged 5 percent a day after listing amid fresh buying in the electric two-wheeler maker. The stock on Tuesday settled with a discount of nearly 6 percent against the issue price of Rs 321 per share.
MRF
Shares of one of the most expensive stocks of India surged over 4 percent on May 7 to trade at Rs 1,40,900 apiece after the company reported a net profit of Rs 512 crore for the January-March quarter of FY25. HUDCO and Car Trade Tech shares meanwhile, tumbled in the red, after their respective Q4 results failed to impress the markets.
Indigo
India’s low-cost airline Indigo’s shares have seen a decline of over 0.2 percent, after the airline announced flight cancellations and diversions following the Indian military’s strikes against several terrorist outfits across Pakistan, under the name ‘Operation Sindoor’. Shares of their competitor, SpiceJet, also declined due to the same reason.
Tata Motors
Shares of Tata Motors surged up to 4 percent to Rs 675 per share, emerging as the top Nifty 50 gainer after the company gave a consensus nod to demerge its commercial vehicle business. The development also came after the India-UK Free Trade Agreement was signed, reducing auto tariffs from over 100 percent to 10 percent.
One97 Communications
Shares of the company surged over 8 percent on May 7, after the fintech company reported that its net loss had narrowed to Rs 540 crore in Q4 FY25. Several brokerages have issued bullish calls for the stock, adding to the share price rally. The shares closed at Rs 870.40 per share.
Source – Money Control
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