Stock Market Today: India-Pakistan Conflict Jitters Send Nifty, Sensex Tumbling Over 1%; ICICI Bank Top Loser

Market-cap of NSE companies declined Rs 2.35 lakh crore to Rs 410.76 lakh crore on Friday.

Operation Sindoor' visual being displayed on a screen outside the Bombay Stock Exchange (BSE) building, in Mumbai, Wednesday, May 7, 2025. (PTI Photo)

The NSE Nifty 50 ended at the lowest level since April 17. The BSE Sensex settled at the lowest level since April 25.
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NDTV Profit Exclusive: BSE, NSE Actively Monitoring Cybersecurity Threats Amid India-Pakistan Tensions

  • Exchanges actively monitoring the environment for cyber threats

  • This is amid rising tensions between India and Pakistan

  • Operating in enhanced vigilance mode round-the-clock

  • Market Infrastructure Institutions recently held discussions on preparedness

  • Both major exchanges have issued advisories to trading members

Sources: People In The Know

Nifty Weekly Performance 

The NSE Nifty 50 and BSE Sensex erased all gains from previous week. The indices finished the week with 1.39% and 1.30%, down, respectively.

Stock Market Today: India-Pakistan Conflict Jitters Send Nifty, Sensex Tumbling Over 1%; ICICI Bank Top Loser

  • The NSE Nifty 50 ended 238.15 points or 0.98% down at 24,035.65, the lowest level since April 17

  • The BSE Sensex ended 775.32 points or 0.97% down at 79,559.49, the lowest level since April 25.

  • The Nifty 50 witnessed the worst intraday decline since April 25, while Sensex fell the most since April 15%

  • The Nifty Realty is the worst performer. It ended 2.38% down at 823.75.

  • The Nifty Defence is the best performer. It ended 3.04% higher at 7,088.95.

  • The NSE Nifty Midcap 150 ended 0.02% higher at 19,596.25

  • The NSE Nifty Smallcap 250 ended 0.66% down at 15,080.45

Rupee Closes Stronger Against US Dollar

  • Rupee closed 34 paise stronger at 85.38 against US Dollar

  • It closed at 85.72 a dollar on Thursday

Source: Bloomberg

Stock Market Today: ICICI Venture To Transfer Its PE & VC Businesses To ICICI Prudential AMC

ICICI Bank Ltd. has announced that ICICI Venture will transfer its private equity, venture capital, and real estate fund management business from I-Ven to ICICI Prudential AMC. Despite this transfer, I-Ven will continue to undertake certain advisory activities and manage residual funds.

Stock Market Live Update: Alkyl Amines Chemicals Share Price Drops After Q4 Profitability Declines 

Alkyl Amines Chemicals Ltd. share price declined 3.25% to Rs 1,622.70 apiece. The company's Ebitda declined 1.6% on the year to Rs 67.8 crore during fourth quarter.

Investors Opt For Equity ETFs Amidst Heightened Market Uncertainty

A growing number of investors are shifting their investments away from actively managed equity schemes to exchange traded funds amid increasingly volatile markets, shows data released by the Association of Mutual Funds in India for the month of April.

Read the full article here.

Stock Market Live Update: Lloyds Enterprises Share Price Falls To One-Month Low After Q4 Net Profit Falls 

Lloyds Enterprises Ltd. share price declined 4.75% to Rs 46.50, the lowest level since April 9. The company reported that its consolidated net profit fell 55% on the year to Rs 9.4 crore during January–March.

Stock Market Live Update: NDR Auto Component Joins Hayashi Telempu To Develop Disruptive & Innovative Offerings

NDR Auto Components Ltd. has entered into a 50-50 joint venture with Hayashi Telempu to develop disruptive and innovative offerings. Hayashi Telempu & co will invest Rs 33.3 crore to establish this joint venture.

Stock Market Live: Bank OF Maharashtra Gets License To Establish IFSC Banking Unit In Gujarat

Bank of Maharashtra gets license from IFSCA to establish IFSC Banking Unit at GIFT IFSC in Gujarat.

Source: Exchange filing

Dr Reddy's, ABB, Swiggy, Thermax Q4 Results Today

Dr. Reddy's Laboratories Ltd., ABB India Ltd., Swiggy Ltd., Thermax Ltd. and others are set to post their fourth quarter results on Thursday. Here's a look into the analysts' consensus estimates that are compiled by Bloomberg.

Show more

Also Read: Q4 Results: ABB India Profit Misses Estimates; Dr Reddy's Profit Beats; Bank Of India Profit Up 80%

Stock Market Live Update: Nifty Realty Hits The Lowest Level In Over Three Weeks 

The NSE Nifty Realty fell 4.205 to the lowest level since 808.40, the lowest level since April 15. The index is the worst performing sectoral index on NSE so far on Friday. The Phoenix Mills Ltd., and DLF Ltd. share prices were top detractors in the Nifty Realty index.

Stock Market Live: Infibeam Avenues To Raise Rs 700 Crore 

Infibeam Avenues Ltd. will raise up to Rs 700 crore via right issue, the company said in an exchange filing/

Stock Market Live Update: Intellect Design Jumps Over 5% As Q4 Net Profit Nearly Doubles 

Intellect Design Ltd. share price rose 5.44% to Rs 888.65 apiece after its consolidated net profit jumped 92.8% sequentially to Rs 133 crore during fourth quarter.

Click here for faster update on Q4 earnings.

Stock Market Today: Kaynes Technology To Acquire August Electronics Inc

Kaynes Technology India Ltd. has signed a share purchase agreements to acquire a 100% stake in August Electronics Inc, the exchange filing said.

Stock Market Live: BEML Board Declares Second Interim Dividend Of Rs 15 Per Share 

BEML Ltd. has announced that its Board has declared a second interim dividend of Rs 15 per share for the fiscal year FY25.

Also Read: BEML Announces Second Interim Dividend Of Rs 15

Stock Market Today: Titan Share Price Jumps After Q4 Profit Rise

Titan Co. saw its share price rise by over 4% following the announcement of its fourth-quarter results. On Thursday, the Tata group firm reported a 13% increase in its consolidated profit after tax, reaching Rs 871 crore for the March quarter. This growth was driven by robust sales, with the company previously posting a PAT of Rs 771 crore for the January-March period of FY24.

Also Read: Titan Share Price Jumps After Q4 Profit Rise

Stock Market Live Update: L&T Share Price Hits One-Month High As Q4 Net Profit Beats Estimates

Larsen & Toubro Ltd. share price rose 4.61% to Rs 3,477.00 apiece, the highest level since April 1. Larsen & Toubro's net profit rose 25% on the year to Rs 5,497 crore during fourth quarter versus Rs 4,396 crore. Analysts estimated Rs 4,545 crore net profit for the period

Also Read: L&T Q4 Results Review: Robust Pipeline, But Macro Concerns Temper Optimism

Stock Market Live: IndiGo Share Price Falls To One-Month Low 

InterGlobe Aviation Ltd. share price declined 4.95% to Rs 4,891.50 apiece, the lowest level since April 7. It was trading 1.79% down at Rs 5,053.50 apiece as of 11:51 a.m. The airline is incurring daily loss amid growing tension regarding India and Pakistan tensions.

Also Read: India-Pakistan Tensions: Airlines Face Daily Revenue Losses Of Nearly Rs 30 Crore, HSBC Report Says

SBI Top Management, Yes Bank Board Meet To Likely Discuss SMBC-Yes Bank Deal

  • Executive committee of State Bank of India set to meet today

  • Yes Bank board to called urgent meeting today

  • Meetings to likely discuss potential offer from Sumitomo Mitsui Banking Corporation

  • SMBC likely to buy only minority stake in Yes Bank for now

  • RBI approval on deal is mandatory before any open offer announcement

Source: People in the know

Broader Markets Underperform Benchmark Indices 

The NSE Nifty Midcap 150 and the NSE Nifty Smallcap 250 declined 2.18% and 2.61% so far in Friday's session. The indices were trading 0.58% and 0.53% down, respectively as 11:15 a.m. as compared to 1.05% decline in the NSE Nifty 50 index.

Traders Should Adhere To Disciplined Approach, Choice Broking Says 

"Given the current market dynamics, traders are advised to adopt a disciplined approach with strict risk management, focusing on short-term trading opportunities. Considering the prevailing global uncertainties, it is also prudent to avoid large overnight positions and enforce tight risk controls,"
Hardik Matalia, a derivative analyst, Choice Broking

India Oil Urges People Not To Do Panic-Buying As There's Ample Supply

India Oil Ltd. clarified that there's ample fuel stocks with the company, and their supply lines across the country is working fine. Hence, the company urged people not to do panic-buying at this point.

Stock Market Live Update: Logistics Stocks Fall 

Most stocks of logistics companies declined on National Stock Exchanges Friday amid growing concern of a further escalation of tension between India and Pakistan. The Government of India closed 24 airports for civilian flight operation, mostly in the North and West India, including major airports like Chandigarh, Srinagar, Amritsar, Ludhiana, and Bhuntar. This move will impact movement of usual cargoes across the country.

Stock Market Live Update: HCLTech Launches Augmented Reality-Based IT Infrastructure 

HCLTech Ltd. has launched an augmented reality-based IT infrastructure solution in collaboration with Xerox company CareAR. This innovative solution aims to enhance IT support and service delivery through augmented reality technology.

India-Pakistan Tensions May Rattle Markets Briefly But Unlikely To Derail Rally: Samir Arora

Helios Capital’s Samir Arora says foreign inflows could support Indian equities in the coming months, even if geopolitical jitters cause short-term volatility.

Amid escalating tensions between India and Pakistan, Arora told NDTV Profit he does not expect the situation to spiral into a full-blown war and believes any market correction would be short-lived.

Read the full article here.

Britannia Share Price Advances After Q4 Revenue, Profit Growth

Share price for Britannia Industries Ltd. was trading almost 2% higher on Friday, after the company reported a rise in net profit for the fourth quarter of fiscal 2025.

Britannia share price rose as much as 1.79% to Rs 5,487.50 apiece, the highest level since April 30, 2025.

Also Read: Britannia Share Price Advances After Q4 Revenue, Profit Growth

Stock Market Live: Tourism Stocks Trade Lower On NSE 

Stocks of companies engaged in tourism business were trading lower in Friday's session. TBO Tek Ltd. is the top loser with 9.64% loss so far. It pared most losses to trade 2.55% down at Rs 1,117.70 apiece as of 10:19 a.m.

Thomas Cook Ltd., and Easy Trip Planners fell the most following TBO Tek Ltd. The stocks fell 5.02% and 4.70%, respectively so far.

Market-cap of tourism stocks declined Rs 1,056.72 crore to Rs 43,186.64 crore as of 10:21 a.m.

Investors pull their money out from these stocks as the India-Pakistan border tension will likely impact travel and tourism. Jefferies reduced weightage of tourism industry in their portfolio on anticipation of negative impact on tourism.

Stock Market Live Update: Nifty Defence Rises As Solar Industries, HAL Shares Lead 

The NSE Nifty India Defence emerged as the top gainer sectoral index out of 15 on National Stock Exchange amidst growing worries over India-Pakistan border situation. Solar Industries India Ltd. and Hindustan Aeronautics Ltd. top in the Nifty India Defence index.

The market-cap of defence stocks on National Stock Exchange rose Rs 20,652.71 crore to Rs 9.42 lakh crore as of 10:04 a.m.

Ideaforge Technology Ltd. share price was the top gainer. Bharat Dynamics, Paras Defence Space And Space Technologies Ltd. followed Ideaforge Technology in gains.

Stock Market Live Update: Nifty Realty Declines Most 

On NSE, 13 sectoral indices declined, and two advanced out of 15. The NSE Nifty Realty declined the most, and the NSE Nifty Defence rose the most.

Nifty Dectractors: HDFC Bank, ICICI Bank Share Prices Weigh 

HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd., Bharti Airtel Ltd., and ITC Ltd. weighed on the NSE Nifty 50 index.

Larsen & Toubro Ltd., Titan Co. Ltd., Bharat Electronics Ltd., Tata Motors Ltd., and Oil And Natural Gas Corp of India added to the Nifty 50 index.

Stock Market Live Update: India's Volatility Index Jumps Over 8%

The NSE India Volatility Index jumped 8.12% to 22.73, the highest level since April 8. It was trading 6.64% higher at 22.4 as of 9:37 a.m.

Stock Market Today: Nifty, Sensex Plummet Over 1% At Open As India-Pakistan Border Tensions Intensifies 

The NSE Nifty 50 and BSE Sensex opened 1.39% and 1.70% down, respectively Friday as tension between India and Pakistan intensified after Indian officials informed that firing near Line of Control happened early morning. Thursday, Pakistan launched missile attacks on several cities and towns nearing the west and north international border area, which was neutralised by India counterpart.

Track live updates on India-Pakistan tension here.

The Nifty 50 was trading 178.85 points or 0.74% down at 24,094.95, and the Sensex was trading 541.39 points or 0.67% down at 79,793.42 as of 9:30 a.m.

Stock Market Today: Nifty, Sensex Fall Over 1% At Pre-Open

At pre-open, the NSE Nifty 50 was trading 1.39% down at 23,935.75, and the BSE Sensex was 1.67% down at 78,992.66.

Yield On The 10-Year Bond Opens Higher

  • The yield on the 10-year bond rose 3 basis points to 6.43%

  • It closed at 6.40% Thursday

Source: Bloomberg

Rupee Opens weaker Against US Dollar

  • Rupee opened 13 paise weaker at 85.85 against US Dollar

  • It closed at 85.72 a dollar on Thursday

Source: Bloomberg

Also Read: Stock Market Today: India-Pakistan Conflict Jitters Send Nifty, Sensex Tumbling Over 1%; ICICI Bank Top Loser

Stock Market Today: Goldman Sachs On L&T

  • Maintain Neutral and cut target price to Rs 3,260 from Rs 3,330

  • Fourth quarter Review: Solid order inflow, FY26 prospect base of Rs 19 trillion (up ~60% yoy), core margins of 8.5%

  • FY26 prospect base is up 57% YoY mostly driven by higher international prospects

  • Macro uncertainty and increasing international mix keeps us Neutral

Stock Market Live Update: BPCL Gets Contract Award To Develop 100 MW Windfarm Projects

Bharat Petroleum Corp has awarded contracts for the development of 100 MW windfarm projects, the company said in an exchange filing. The company has issued a Letter of Award to Suzlon Energy for a 50 MW wind project in Madhya Pradesh and another Letter of Award to Integrum Energy Infrastructure for a 50 MW project in Maharashtra. These projects are expected to be completed and commissioned within 2 years.

Stock Market  Live: Citi India Strategy

  • Fourth quarter thus far: EBITDA +6% YoY; Above Subdued Expectations

  • FY26E EPS ests down ~2% since start of the quarter

  • Decent EBITDA growth & ‘beats’ in Commodities (Energy & Materials)

  • Consumer Disc/Staples have reported in-line mid-teens/low-single-digit EBITDA growth

  • IT slightly below ests. with mid-single-digit EBITDA growth

  • Large banks delivered PPOP growth (adj) of ~12% YoY, ahead of expectations

  • December 2025 NIFTY target: 26k (19x) – ~7% upside

Gold Prices Decline For Third Session As Trade War Worries Subsides

Gold future and spot prices declined for third consecutive session as trade war worries subsided following US-UK trade deal and upcoming US-China negotiation. Investors pull out their money from the safe-haven asset to invest it in more riskier assets.

The Gold future was trading 0.26% down at $3,297.44 an ounce, against Thursday's close of $3,306.00 an ounce. The Bloomberg spot Gold was trading 0.43% down at $3,291.66 an ounce, compared to $3,305.72 an ounce.

Also Read: Gold And Silver Price Today — Check Prices In Mumbai, Bengaluru, Delhi, Chennai And More

Brent Futures Extend Gains To Second Session 

Brent futures extended gains to second session Friday as positive development in trade front spurred hopes of demand outlook improvement. The brent crude was trading 0.33% higher at $63.05 a barrel as of 7:58 a.m., against Thursday's close of $62.84 a barrel.

In Thursday's session, July future contract of Brent crude on Intercontinental Exchange rose 2.8%.

Also Read: Oil Holds Gain With Focus On US-China Trade Talks After UK Deal

Asia Market Update: Nikkei 225 Trades Over 1% On Positive Trade Talks 

Most Asia-Pacific share indices were trading higher Friday morning as US-UK trade deal lit hopes for other countries to negotiate a deal and reduce tariffs. The Nikkei 225 was trading 1.45% higher at 37,256.00 as of 7:48 a.m.

US and Chinese officials are scheduled to meet in the upcoming weekend to negotiate trade terms.

The S&P ASX was 0.46% higher at 8,229.00 as of 7:50 a.m. The Hang Seng was 0.31% higher at 22,819.00, while the KOSPI declined 0.08% to 2,577.4.

Also Read: US Stocks Rise On Trade Hopes Before US-China Talks: Markets Wrap

US Market Update: S&P 500 Rises To Over One-Month High As US Seals Trade Deal With UK 

US share indices rose Thursday as the country successfully sealed a trade deal with the UK before it begins negotiation with China in the upcoming weekend. President Donald Trump said that, in case, talks go well with China, tariffs will likely be lower.

The S&P 500 rose to the highest level since April 2 briefly during the session, as Bloomberg reported. The S&P 500 ended 0.58% higher at 5,663.94. The Dow Jones Industrial Average and Nasdaq Composite ended 0.62% and 1.07% higher, respectively.

Also Read: US Stocks Rise as Trump Says ‘Buy’ Before China Talks: Markets Wrap

GIFT Nifty Indicates Gap-Down Open As India-Pakistan Tension Escalates; Titan, L&T In Focus

The GIFT Nifty was trading 0.46%, or 111 points higher at 23,996 as of 6:54 a.m. The index level indicates 277 points lower open for the NSE Nifty from Thursday's closing level.

In the late hours of Thursday, India neutralised missile attacks at prominent locations in west and north India near the border, the headquarter of army confirmed. Several cities in North and West India are on high alert.

Indian Navy started operation in the Arabian Sea early Friday, NDTV reported. Track live updates on India-Pakistan border tension here.

Market participants will monitor share prices of Titan Co., Larsen & Toubro Ltd., and Biocon Ltd. as they released their fourth quarter earnings.

In the last hour of Thursday's session, the NSE Nifty 50 and BSE Sensex declined steeply, after the Ministry of Defence said that they negated Pakistan's missile attack on cities near India's western and northern borders.

The Nifty 50 ended 140.60 points, or 0.58% down at 24,273.80, and the Sensex ended 411.97 points, or 0.51% lower at 80,334.81.

Also Read: Stock Market Highlights: Nifty Slips Below 24,280; Sensex Down Over 400 Points On India-Pak Conflict Jitters

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WRITTEN BY
Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
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