Market View 08th May, 2026

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

Global markets turned cautious as rising tensions in the Middle East increased worries about energy supply and global trade routes. Asian markets opened weak, with most major indices slipping after fresh clashes between the US and Iran. Oil prices moved higher as investors feared possible disruptions in crude supply. European futures also indicated a negative start, while US futures pointed toward a softer opening for Wall Street. In the US, the recent market rally lost momentum as uncertainty over a possible US-Iran agreement affected investor confidence. Major American indices ended lower, with traders shifting toward safer positions amid geopolitical concerns and volatile oil prices. Indian markets saw a highly volatile trading session and finally closed almost flat. Benchmark indices moved between gains and losses throughout the day as investors remained cautious due to weak global cues. Midcap stocks continued to outperform and touched fresh highs, showing strong buying interest in broader markets. Auto, power, insurance and infrastructure stocks supported the market, while FMCG, IT and select financial stocks dragged the indices lower.

Key Quarterly Results for Today:

ABB, ADVANCE, AMRUTANJAN, ANL, APOLLOFI, ARIS, ARTEMISMED, AVL, BAJAJHCARE, BALKRISIND, BANKBARODA, BANKINDIA, BOMDYEING, CERA, CHOLAHLDNG, CREDITACC, CSL, DAICHI, GNA, GRINDWELL, HYUNDAI, INTELLECT, IRMENERGY, JKAGRI, JSWINFRA, KALYANKJIL, KPGEL, KSL, LTELEVATOR, MANYAVAR, MCCHRLS-B, MCX, MONIKA, MUTHOOTCAP, NITINSPIN, NIVABUPA, NORTHARC, OBEROIRLTY, PARMESHWAR, PRERINFRA, RAIN, SASKEN, SBIN, SCI, SIKA, SWIGGY, TATACONSUM, TIPSFILMS, TITAN, URBANCO.

Economic Calendar:

• USD: Unemployment Rate on 08^th May 2026.
• IND: Foreign Reserves Data on 08^th May 2026.
• USD: Core CPI and ADP Employment Data on 12^th May 2026.
• IND: CPI on 12^th May 2026.

BROKERAGE RADAR:

MACQUARIE ON WESTLIFE FOOD:

Target ₹515 Recommendation Outperform, In-line Q4; demand healthy in Q1FY27 so far, Liked mid-single-digit guest count growth and recovery in South India market to slightly positive same-store sales growth, See healthy traction in the dine-in business, which grew ahead of delivery, Worry about demand strength sustaining in this period of rising inflation and the potential margin drag from increased FY27 store additions to 60+ stores.

KOTAK SECURITIES ON BHARAT FORGE:

Target ₹1300 Earlier Target ₹1250 Recommendation Sell, Weak execution; valuation offers no comfort, Expect revenue growth to accelerate, See improvement in demand trends in domestic auto segments due to GST cut, See bottoming out of US and EU CV segments and acceleration in defense segment growth, Strong growth in casting and aerospace businesses, Expect profitability to improve driven by operating leverage benefits and a favorable forex, Despite baking in a recovery, valuations remain expensive.

JEFFERIES ON DABUR:

Target ₹610 Recommendation Buy, When the tide turns, the dark horse runs, Management presented a fairly positive outlook, 17% year-on-year growth in domestic HPC addresses a key investor concern about the portfolio’s relevance, Earning growth acceleration ahead, led by revenue growth and margin expansion, to support the share price.

International Markets:

U.S & Europe:

*As per 08^th May.

Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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