Stock Market LIVE: Sensex drops 300 pts to 80,450 as India-Pak tensions escalate; Nifty at 24,300

Sensex Today | Stock Market LIVE Updates: Among the sectoral indices, the auto index was the top laggard, followed by metal, realty, pharma, and FMCG, while gains were led by media

11:29 AM

Stock Market LIVE Updates: Indian Railways to run special trains from Jammu and Udhampur to Delhi

Stock Market LIVE Updates: Indian Railways to run special trains from Jammu and Udhampur to Delhi

 

 

11:28 AM

Stock Market LIVE Updates: SEAD, off-ramp, and the Pahalgam trigger: A conflict vocabulary grows

Stock Market LIVE Updates: SEAD, off-ramp, and the Pahalgam trigger: A conflict vocabulary grows

 

 

11:09 AM

Stock Market LIVE Updates: 11 AM market update - Sensex falls over 900 points, Broader markets follow

Stock Market LIVE Updates: Indian benchmark equity indices fell sharply on Friday after Pakistan fired eight missiles directed at several Indian cities, which were all intercepted by air defence units leading to an escalation in the India-Pak conflict. This comes after India's precision strike on nine-terror camps in Pakistan and Pakistan occupied Kashmir (PoK) following the deadly terror attack in Pahalgam on April 22

8:08 PM

Live updates @6:55

Stock Market LIVE Updates: Several stocks, including Bajaj Finance, Coforge, Laurus Labs, Bank of Maharashtra, and Transformers and Rectifiers (India), are likely to be in focus today, Thursday, May 8, 2025. 

 

This follows their respective announcements of dividend payouts to shareholders, a form of passive income representing a share of the company's profits. According to BSE data, these stocks are scheduled to trade ex-dividend tomorrow, May 9, 2025

8:07 PM

Live updates @6:00

The core GRM was at $7.5 per barrel. The refining capacity utilisation was at 121 per cent.

 

Inventory gain per barrel was about $1.7 (versus a loss of $0.9 in the prior quarter and a gain of $0.5 a year ago). The core marketing Ebitda was ₹1.4 per litre (₹4 in the prior quarter, negative ₹2 a year back).

 

The LPG burden amounted to ₹10,446 crore in FY25, and ₹3,216 crore in Q4FY25. There is an impairment of investment in a subsidiary, BPRL with gross carrying value of investment of ₹13,180 crore. There was also a ₹45 crore forex loss.

 

Capex was ₹16,510 crore in FY25 and is targeted at ₹19,000 crore for FY26 and ₹22,000 crore in FY27. Debt at ₹23,280 crore was up by ₹4,510 crore year-on-year (Y-o-Y) and ₹3,660 crore quarter-on-quarter (QoQ).

8:07 PM

Live updates @5:56

Indian Oil(IOCL) reported strong gross refining margins (GRMs) and marketing margins in the fourth quarter of the financial year 2025 (Q4FY25).

 

They are still experiencing under-recoveries on gas, but this may reduce in future and the government may compensate for under-recoveries. All three companies have steady dividend payouts.

 

 

In BPCL’s Q4FY25 results, the Ebitda and Adjusted PAT, stood at ₹7,760 crore and ₹4,550 crore, down 16 per cent and 18 per cent year-on-year (YoY), respectively

8:06 PM

Live updates @9:55

Crude and gas prices have dipped and OPEC-plus is hiking supply, bringing cheers to India which is a massive energy importer. Downstream businesses like the oil marketing companies (OMCs) and gas players will gain the most from this cheap energy.

 

For OMCs, cheaper oil and gas equate to better margins.

8:06 PM

Live updates @5:30

Downstream businesses like the oil marketing companies (OMCs) and gas players gain

8:05 PM

Live updates @4:55

Tailwinds for oil marketing companies in India as margins remain robust

8:05 PM

Live updates @4:30

A BofA Securities report issued on May 5 indicated that more than half of the companies within the benchmark Nifty 50 Index, having reported their results for the quarter ending in March, have surpassed analyst projections.

 

Should this trend continue, it will likely strengthen confidence in a market that has already outperformed many of its major Asian counterparts in the past month. This outperformance is partly attributed to the belief that India's domestically focused economy is relatively shielded from US President Donald Trump's trade policies

8:03 PM

Live updates @4:05

While Emkay Research has an unchanged target price of ₹8,200, it has upgraded the stock to “Add” from “Reduce”, given stock price correction, continued revenue growth momentum supported by deal intake and pipeline, and strong execution.

8:03 PM

Live updates @4:00

Given the order book and execution, most brokerages believe that the company will maintain its growth momentum in FY26. Kotak Research forecasts a strong 20.8 per cent organic revenue growth in constant-currency terms in FY26 as compared to 16.4 per cent growth in FY25. This, according to analysts led by Kawaljeet Saluja of the brokerage, will come on the back of a strong broad-based growth momentum across geographies, verticals and services, healthy increase in 12-month order backlog, strong deal win trajectory and pipeline, and revenue synergies from Cigniti through cross-selling of Coforge’s services to Cigniti’s large accounts. The brokerage has a “Buy” rating with a target or fair value of ₹9,000.

8:02 PM

Live updates @3:55

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty50 were range bound in muted trade on Thursday, amid mixed global cues. 

 

At around 11 AM, the BSE Sensex was higher by 41.96 points, or 0.05 per cent, at 80,788.74, and the Nifty50 was at 24,400.30, lower by 14.10 points, or 0.06 per cent.

7:59 PM

Live updates @3:30

Lower employee stock options (Esop) and operating leverage helped the company post an adjusted operating profit margin of 18.7 per cent, up 110 basis points (bps) Q-o-Q. Margins at the earnings before interest and taxes (Ebit) was at 13.2 per cent, and was higher than analyst estimates. A large portion of the margin gains, according to BOB Capital Markets, has come from better gross margins than expected. Some of it has come from lower-than-expected selling and general administration, and Esop costs. The company is eyeing an Ebit margin of 14 per cent in FY26.

7:59 PM

Live updates @3:05

The company, which ended FY25 with revenues of just under $1.5 billion, maintained its $2 billion revenue target for FY27. Its growth in the medium term is likely to be broad-based, similar to its historical performance. The 12-month executable order book at $1.5 billion is also up 47 per cent — part of it contributed by the Cigniti acquisition.

7:58 PM

Live updates @3:00

The company, which ended FY25 with revenues of just under $1.5 billion, maintained its $2 billion revenue target for FY27. Its growth in the medium term is likely to be broad-based, similar to its historical performance. The 12-month executable order book at $1.5 billion is also up 47 per cent — part of it contributed by the Cigniti acquisition

7:57 PM

Live updates @2:55

Should this trend continue, it will likely strengthen confidence in a market that has already outperformed many of its major Asian counterparts in the past month. This outperformance is partly attributed to the belief that India's domestically focused economy is relatively shielded from US President Donald Trump's trade policies.

7:57 PM

Live updates @2:15

Strong deal wins in the March quarter bolstered the overall contract value for FY25. While overall FY25 order flow stood at $3.4 billion, up 75 per cent year-on-year (Y-o-Y), about $2.1 billion came in Q4 alone. The gains in the quarter were led by the mega Sabre deal worth $1.5 billion to be executed over 13 years.

7:56 PM

Live updates @2:00

The near-term trigger for the stock is the Q4 performance. Aided by the rampup of large deal wins, and led by BFSI (banking, financial services, and insurance), travel, and overseas government verticals, the company reported a 3.4 per cent constant-currency revenue growth on a sequential basis. While BFSI saw a 13.2 per cent dollar revenue growth, travel and overseas government revenues registered a growth of 7.5 per cent and 8.5 per cent, respectively. Among geographical segments, rest of the world (ROW) market led on the growth front, rising 35.9 per cent quarter-on-quarter (Q-o-Q).

7:55 PM

Live updates @1:55

The stock of midcap information technology (IT) major Coforge has been one of the star performers in the IT pack, gaining 18 per cent in the past month and 70 per cent over the year. Given the strong show in the fourth quarter (January-March) of financial year 2024-25 (Q4FY25), where it outdid expectations, a robust deal intake, and strong execution, brokerages expect it to turn in another industry-beating growth performance in FY26. Some brokerages have also upgraded the stock, given the revenue growth projections and the 21 per cent correction since the start of the calendar year to date (CYTD).

7:55 PM

Live updates @1:30

Manappuram has registered a breakout from a multi-year cup and handle pattern, which is a bullish continuation formation. However, post breakout, the stock turned sideways trading in a tight consolidation range. In the process, it has formed a sturdy base above the pattern neckline, setting ground for resumption of uptrend.

 

7:53 PM

Live updates @1:05

creating a fresh pivot. The volumes have been robust during this rebound suggesting buying interest from lower levels. We expect this recovery to strengthen further and hence longs can be created in the mentioned range.

 

7:52 PM

Live updates @12:30

After experiencing significant correction from its all-time high, the stock found support around its 200 WEMA and bounced back strongly. It has formed a small base near its short term moving average

7:52 PM

Live updates @12:10

A BofA Securities report issued on May 5 indicated that more than half of the companies within the benchmark Nifty 50 Index, having reported their results for the quarter ending in March, have surpassed analyst projections.

 

7:50 PM

Live updates @12:05

Stock Market LIVE Updates: Today, Thursday, May 8, 2025, is the anticipated date for the finalisation of the share allotment for the Srigee DLM IPO. The IPO, which closed its subscription period on Wednesday, May 7, saw exceptional investor interest, being oversubscribed by approximately 456.80 times, according to BSE data. 

 

The non-institutional investor (NII) category showed the highest subscription at 1,136.02 times, followed by retail investors at 243.71 times, and qualified institutional buyers (QIBs) at 137.59 times.

7:49 PM

Live updates @11:45

Stock Market LIVE Updates: Chairman and Co-founder of Motilal Oswal Financial Services, Raamdeo Agrawal expressed confidence in the fundamental strength of the Indian markets, noting that the prior concern regarding the situation with Pakistan appears to be resolved. 

 

In a conversation with Business Standard, Agrawal, a frequent attendee of Warren Buffett's shareholder meetings in Omaha, also shared his experiences from these annual gatherings.

7:48 PM

Live updates @11:15

Marico has been trading in a steady uptrend and is currently hovering near its record high. The stock has formed an elevated base above the neckline of its previous consolidation zone, setting ground for the next leg of up move. The steady rising structure with supportive volumes, signals an inherent strength in price. Traders can consider long in the mentioned range.

7:48 PM

Live updates @11:50

Looking ahead, domestic uncertainties are expected to continue driving volatility. However, stable global cues and sustained FII buying are helping to delicately balance the market despite geopolitical risks. All eyes are now on the US Fed, and markets are likely to react to the FOMC meeting outcome and commentary in early trades.

 

 

On the index front, Nifty is attempting to hold the 24,100 level; a breach could lead to further downside towards 23,800. Until then, the index is expected to trade within the 24,100–24,600 range. In the current scenario, traders are advised to adopt a cautious approach and avoid aggressive positions until the market stabilizes.

7:46 PM

Live updates @11:05

Stock Market LIVE Updates: Several stocks, including Bajaj Finance, Coforge, Laurus Labs, Bank of Maharashtra, and Transformers and Rectifiers (India), are likely to be in focus today, Thursday, May 8, 2025. 

 

This follows their respective announcements of dividend payouts to shareholders, a form of passive income representing a share of the company's profits. According to BSE data, these stocks are scheduled to trade ex-dividend tomorrow, May 9, 2025.

7:45 PM

Live updates @10:55

Markets remained volatile but managed to close slightly in the green amid mixed signals. Geopolitical tensions, following India’s military response to a terrorist attack, triggered a gap-down opening. However, a swift recovery helped the indices edge higher by the close. As a result, the Nifty index settled at 24,414.40, up 0.14%. Sector-wise, the trend was mixed—auto, realty, and metal sectors posted gains, while pharma and FMCG ended in the red. Broader markets also recouped intraday losses and closed with gains of over a percent.