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Trendlyne Marketwatch
07 May 2026
Market closes flat as caution persists amid foreign fund outflows
By Trendlyne Analysis

 

Nifty 50 closed at 24,326.65 (-4.3, 0.0%), BSE Sensex closed at 77,844.52 (-114, -0.2%) while the broader Nifty 500 closed at 23,214 (80.6, 0.4%). Market breadth is highly positive. Of the 2,759 stocks traded today, 1,822 were gainers and 870 were losers.

Indian indices closed flat as investors remained cautious amid continued foreign fund outflows. The Indian volatility index, Nifty VIX, fell 0.3% and closed at 16.6 points. Bajaj Auto rose to a new 52-week high of Rs 10,740 after its Q4FY26 net profit soared 103.2% YoY, driven by higher sales of premium motorcycles. Revenue jumped 41.8%, supported by strong domestic demand and a recovery in exports.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher. Nifty India Defence and BSE Capital Goods are among the top index gainers today. According to Trendlyne’s sector dashboard, Telecommunications Equipment emerged as the best-performing sector of the day, with a rise of 3.9%.

Asian indices closed mixed. European indices are trading with varied trends. US index futures are trading flat, indicating a cautious start to the trading session. Reports suggest the US and Iran have reached a preliminary deal to gradually reopen the Strait of Hormuz in exchange for easing the American naval blockade. Meanwhile, US President Trump warned that if Iran breaches the terms or fails to finalise the agreement, the US could resume and escalate military action.

  • Money Flow Index (MFI) indicates that stocks like Bharat Heavy Electricals, Adani Green Energy and Wockhardt are in the overbought zone.

  • Indoco Remedies soars over 12% as its Q4FY26 net loss contracts 46.4% YoY to Rs 21.6 crore, helped by a richer product mix and higher utilisation. Revenue jumps 21.2% to Rs 475.6 crore, led by growth in the export formulations and active pharmaceutical ingredient (API) business. It features in a screener of stocks outperforming their industries over the past week.

  • Coal India falls on reports that the government plans to offload a 3–4% stake worth around Rs 10,000 crore through an offer for sale.

  • Ola Electric is rising as it is reportedly in the advanced stages of planning a fundraise of up to Rs 1,500 crore through a qualified institutional placement (QIP).

  • Coforge CEO Sudhir Singh forecasts higher margins in FY28 despite AI investment costs and global uncertainties, supported by strong recent earnings. He guides for FY27 consolidated EBITDA margins of 20.5–21%, driven by robust revenue growth, while expecting a free cash flow-to-PAT ratio of 100% or more. He highlights AI-led efficiencies and a $1.75 billion executable order book.

  • Craftsman Automation soars to its 5-year high of Rs 8,749.5 as its Q4FY26 net profit surges 74.4% YoY to Rs 116.4 crore, led by inventory destocking and a richer product mix. Revenue jumps 28% to Rs 2,245.5 crore, supported by healthy demand in the automotive & engineering segments and scale-up of aluminium product sales. It features in a screener of stocks with prices above their short, medium and long-term moving averages.

  • IIFL Capital Services is rising sharply as its board of directors approves a preferential issue of 5.7 crore shares to Fairfax India's FIH Mauritius Investments for Rs 2,000 crore. After the issue, Fairfax's holding will increase to 51% stake from 27.2%.

  • TD Power Systems rises sharply as its board of directors schedules a meeting on May 14 to consider a proposal for a stock split.

  • RailTel Chairman & MD Sanjai Kumar highlights stable margins in Q4 and expects them to remain in line with last year’s levels. He outlines the company’s FY27 focus on expanding its data centre and cybersecurity businesses, noting that the data centre revenue target has been increased to Rs 300 crore. He also guides for FY27 net revenue growth of 20–25%.

  • Emami is rising as its board of directors approves acquiring a 60% stake in IncNut Digital for Rs 321 crore.

  • Hexaware Technologies rises as its Q4FY26 net profit jumps 20.5% QoQ to Rs 351.6 crore, driven by lower finance, depreciation & amortisation expenses and a lower base in Q3 due to new labour codes. However, revenue falls 1.5% to Rs 3,634.7 crore due to lower traction in the travel & transportation segment and loss from unfavourable foreign exchange movement. It appears in a screener of stocks with improving cash flow from operations in the past two years.

  • Mahindra Lifespace Developers is rising as it launches Mahindra BeaconHill, a 1.7-acre ultra-premium residential development in Mahalaxmi, South Mumbai, with a potential gross development value (GDV) of around Rs 1,650 crore.

  • Indian traders reportedly resume wheat exports for the first time in four years, supported by ample domestic stocks, higher global prices and stronger freight rates. Reports suggest ITC has begun loading 22,000 metric tons of wheat at Kandla port for shipment to the United Arab Emirates. Favourable weather last year led to a strong harvest, easing import concerns, helping the government replenish reserves, and boosting confidence to permit exports.

  • Eicher Motors is rising as its subsidiary, Royal Enfield, reportedly plans to set up a new manufacturing facility in Andhra Pradesh, with a capex of Rs 2,200 crore. The company will establish the facility in two phases, expanding its capacity by 9 lakh units annually.

  • Meesho is rising sharply as its Q4FY26 net loss contracts 88% YoY to Rs 166.3 crore, driven by lower employee benefits expenses and a higher loss base in Q4FY25 due to new labour codes. Revenue jumps 44.3% to Rs 3,647 crore, supported by higher active users, strong order growth and beauty & personal care scale-up. It appears in a screener of stocks outperforming their industries over the past week.

  • Kansai Nerolac Paints is rising as its net profit grows 3.5% YoY to Rs 112.3 crore in Q4FY26, helped by inventory destocking. Revenue increases 7.5% to Rs 1,953.7 crore, driven by continued demand revival that started in the previous quarter. The company appears in a screener of stocks with a PEG ratio below the Industry average.

  • The Indian government is reportedly considering a higher outlay and a five-year extension for the Remission of Duties and Taxes on Export Products (RoDTEP) scheme beyond its current September 30 deadline. The scheme currently has a budget of over $1 billion and refunds unrebated taxes to make exports more competitive.

  • Birlasoft's Q4FY26 net profit jumps 46.1% QoQ to Rs 175.9 crore, led by lower employee benefits & finance costs and a lower base in Q3FY26 due to the impact of new labour codes. However, revenue declines 1.2% to Rs 1,344.9 crore, caused by reductions in the banking, financial services & insurance (BFSI) and life sciences segments. It features in a screener of stocks outperforming their industries over the past month.

  • Godrej Consumer Products is falling sharply as its Q4FY26 net profit misses Forecaster estimates by 20.1% despite growing 9.7% YoY to Rs 451.8 crore due to higher inventory, finance & employee benefits expenses and a one-time loss of Rs 93 crore. Revenue jumps 8.1% to Rs 3,969.9 crore, driven by higher sales in the Indian, Indonesian and African markets. It appears in a screener of stocks with an increasing trend in non-core income.

  • KEI Industries is falling on reports that the Income Tax Department is conducting search operations at around six locations, including its Delhi premises.

  • Aeroflex Industries MD Asad Daud highlights strong Q4 performance and expects the West Asia business to recover from Q2FY27. He targets a 23% margin for FY27 and says the company aims to sustain the 35%+ revenue growth seen in Q4 into the new fiscal year. He also notes that higher raw material costs will be passed on to customers.

  • Brigade Enterprises is falling sharply as its Q4FY26 net profit plunges 41.4% YoY to Rs 145.5 crore due to higher raw materials, license, employee benefits and finance costs. Revenue drops marginally by 0.6% to Rs 1,523.1 crore, caused by slower project execution. It shows up in a screener of stocks where promoters increased pledged shares QoQ.

  • One97 Communications is rising sharply as it reports a net profit of Rs 184 crore in Q4FY26 compared with a Rs 539.8 crore loss a year ago due to one-time expenses. Revenue jumps 14.4% YoY to Rs 2,442 crore, driven by improvements in the payments and financial services segments. It features in a screener of stocks with increasing revenue over the past four quarters.

  • Shree Cements is rising as its revenue grows 10.3% YoY to Rs 6,101 crore in Q4FY26, driven by market share recovery and strong demand from government infrastructure projects. However, net profit declines 8.5% to Rs 525.7 crore due to higher power, fuel, freight, and forwarding expenses. The company appears in a screener of stocks where mutual funds increased their shareholding over the past two months.

  • Bajaj Auto is rising sharply as its Q4FY26 net profit soars 103.2% YoY to Rs 3,661.9 crore, driven by higher sales of premium motorcycles. Revenue jumps 41.8% to Rs 18,493.9 crore, supported by strong domestic demand and exports recovery. The company's board of directors approves a buyback of 46.9 lakh shares worth Rs 5,633 crore at a price of Rs 12,000 per share.

  • Nifty 50 was trading at 24,318.25 (-12.7, -0.1%), BSE Sensex was trading at 78,339.24 (380.7, 0.5%), while the broader Nifty 500 was trading at 23,160.55 (27.2, 0.1%).

  • Market breadth is highly positive. Of the 2,209 stocks traded today, 1,586 were on the uptrend, and 557 went down.

Riding High:

Largecap and midcap gainers today include One97 Communications Ltd. (1,197.40, 7.8%), Polycab India Ltd. (9,003, 7.0%) and Bharat Forge Ltd. (1,992.90, 6.4%).

Downers:

Largecap and midcap losers today include Godrej Consumer Products Ltd. (1,036.60, -5.3%), Coromandel International Ltd. (1,965, -2.6%) and NHPC Ltd. (81.58, -2.5%).

Crowd Puller Stocks

35 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Embassy Developments Ltd. (69.96, 20%), Godrej Industries Ltd. (1,226.85, 20%) and Tejas Networks Ltd. (533.40, 15.2%).

Top high volume losers on BSE were Godrej Consumer Products Ltd. (1,036.60, -5.3%), Blue Star Ltd. (1,748.60, -3.2%) and Birlasoft Ltd. (362.20, -2.8%).

Craftsman Automation Ltd. (8,637, 11.1%) was trading at 68.9 times of weekly average. Aptus Value Housing Finance India Ltd. (275.05, 2.9%) and Aditya Birla Lifestyle Brands Ltd. (118.21, 9.9%) were trading with volumes 19.2 and 18.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

35 stocks overperformed with 52 week highs, while 1 stock hit their 52 week lows.

Stocks touching their year highs included - Aurobindo Pharma Ltd. (1,478.70, -0.4%), Bajaj Auto Ltd. (10,605, 2.8%) and Bank of Maharashtra (85.31, 2.0%).

Stock making new 52 weeks lows included - HCL Technologies Ltd. (1,183.40, -0.5%).

49 stocks climbed above their 200 day SMA including Godrej Industries Ltd. (1,226.85, 20%) and Tejas Networks Ltd. (533.40, 15.2%). 6 stocks slipped below their 200 SMA including Alkyl Amines Chemicals Ltd. (1,735, -1.3%) and Tata Chemicals Ltd. (805.35, -1.3%).

 
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