Market View 07th May, 2026

View on market: Volatility persists, eagerly searching for growth:

Global markets remained positive as investors turned hopeful about easing tensions between the US and Iran. Asian markets stayed strong, with Japanese shares leading the rally after strong buying in technology, financial and metal stocks. South Korean markets also traded higher, though smaller companies saw some pressure. US markets continued their upward move for the second straight session, supported by strong performance in technology companies and optimism that geopolitical tensions may cool down soon. Technology and industrial shares led the gains, while energy stocks declined because of softer oil prices. Indian markets also ended sharply higher after reports suggested the US may soon reach an understanding with Iran to reduce the conflict. Strong buying in banking, financial and large-cap stocks lifted both benchmark indices during the final hour of trade. Overall market sentiment improved globally as investors became more confident about stability in international relations and growth prospects

Key Quarterly Results for Today:

ABLBL, ACMESOLAR, ALLDIGI, APOLLOPIPE, ARCL, AXTEL, BAJAJHLDNG, BHARATFORG, BIOCON, BRITANNIA, CARTRADE, CCL, CEIGALL, COROMANDEL, CRAFTSMAN, DABUR, ESCORTS, GCSL, GLOBUSSPR, GOACARBON, GRAVITA, HARSHA, IGL, INDOCO, INDOTHAI, INNOVACAP, INVENTURE, JAYATMA, KPEL, LUPIN, MANAKALUCO, MGL, MRF, NOCIL, NRBBEARING, PARAGMILK, PIDILITIND, PRUDENT, SHAKTIPUMP, SONATSOFTW, SOTL, STLNETWORK, SURAJLTD, SURYODAY, THERMAX, THYROCARE, VMART, VTL, WESTLIFE.

Economic Calendar:

• USD: Continuing and Initial Jobless Claims Data on 07^th May 2026.
• IND: Foreign Reserves Data on 08^th May 2026.
• USD: Unemployment Rate on 08^th May 2026.
• IND: CPI on 12^th May 2026.

BROKERAGE RADAR:

JEFFERIES ON BAJAJ AUTO:

Target ₹10500 Earlier Target ₹9100 Recommendation Hold: Strong growth and beat in Q4, India’s 2W demand is holding up well, and expect 8% industry volume CAGR over FY26-29, Exports are growing strong too, Rising commodity prices pose some headwind to near-term margins, Bajaj has demonstrated capability to deliver strong profitability.

MORGAN STANLEY ON MEESHO:

Target ₹190 Earlier Target ₹174 Recommendation Equal-weight: Q4 – strong results, NMV acceleration continued, Contribution margin improved to 4% in line with estimates, Beat in adjusted EBITDA led by stronger operating leverage, Commentary suggests continued focus on growth in near term.

MORGAN STANLEY ON SHREE CEMENT:

Target ₹25500 Recommendation Underweight, Good results; sustenance is key, Reported good set of numbers and guided to 10% YoY volume growth in FY27, Remain cautious of cost inflation amid the West Asia conflict, affecting both volumes and margins, Sustenance of good numbers will be key to watch over the next few quarters.

MORGAN STANLEY ON PB FINTECH:

Target ₹1215 Recommendation Underweight, Q4: Good steady quarter, Adjusted EBITDA beat forecast, driven by good cost control, New protection premium growth was strong, helped by GST tailwinds, Stay Underweight owing to expensive valuation amid unknowns, See potential regulation on commissions and capital allocation as unknowns.

International Markets:

U.S & Europe:

*As per 07^th May.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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