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ensex Today, Nifty 50 | Stock Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 7th May 2026.
Indian equity markets are expected to open on a positive note on Thursday, tracking a broad-based global rally and a sharp correction in crude oil prices. Investor sentiment improved after indications that the US may have paused aggressive action around the Strait of Hormuz, easing concerns over a wider Middle East conflict.
Gift Nifty signalled gains of around 100 points, while major Asian markets including Japan, Hong Kong, Singapore and Taiwan traded strongly higher.
Analysts believe India’s favourable domestic macroeconomic indicators continue to support equities despite global volatility. However, derivatives data reflects caution beneath the optimism. Aggressive call writing at higher levels suggests limited upside in the near term, while a relatively low PCR and elevated India VIX indicate traders expect range-bound movement rather than a strong directional rally in the immediate session.
Key technical indicators for today’s trade
* Gift Nifty at 24,550 indicates a positive opening with gains of nearly 100 points.
* PCR near 0.61 signals a cautious-to-bearish undertone in the derivatives market.
* Heavy call writing at 24,200–24,300 suggests strong resistance and capped upside.
* Put base at 24,000–23,800 indicates immediate support levels for Nifty.
* India VIX near 18 reflects controlled volatility and expectations of range-bound trade.
- May 7, 2026 08:35
Stock market live: Japan’s Nikkei roars past 62,000 on earnings, Middle East optimism; JGBs rally
Japan’s Nikkei share average shot to a record high on Thursday and the nation’s bonds rallied as financial markets reopened after holidays, catching up with optimism over strong technology earnings and signs of a potential peace deal in the Middle East.
The benchmark Nikkei 225 Index rose 4.19% to 62,009.59, breaking through the 62,000 mark for the first time. The broader Topix climbed 2.12% to 3,807.84. – Reuters
- May 7, 2026 08:33
Commodities market update: Gold gains as dollar weakens; investors focus on US-Iran peace deal prospects
Gold rose for a third straight session on Thursday, supported by a softer dollar as hopes grew for a potential peace deal between the United States and Iran.
Spot gold was up 0.3% at $4,701.19 per ounce, as of 0231 GMT, after rising about 3% on Wednesday to hit its highest level since April 27. U.S. gold futures for June delivery rose 0.4% to $4,710. – Reuters
- May 7, 2026 08:32
Forex
Currency market updates: Rupee likely to be buoyed by cheaper oil; US-Iran uncertainty may check momentum
he Indian rupee is set to inch higher at Thursday’s open, extending the previous session’s rally, helped by a pullback in oil prices.
However, bankers cautioned that crude has recovered from its lows, while uncertainty over whether current U.S.–Iran optimism will translate into a breakthrough is likely to cap the rupee’s upside.
The rupee is expected to open in the 94.54-94.58 range, traders said, after settling 0.7% higher at 94.61 on Wednesday. – Reuters
- May 7, 2026 08:28
Stock market
Stock Market Today Live: Asian shares rally as hopes of US-Iran deal keep crude oil above $100
Asian shares jumped and the price of crude oil was holding above USD 100 a barrel on Thursday as investors bet on hopes the US and Iran will strike a deal allowing tankers to deliver crude from the Persian Gulf again.
Japan’s benchmark Nikkei 225 index jumped 4.6% to 62,243.88, while the Hang Seng in Hong Kong gained 1.2% to 26,531.35.
The S&P/ASX 200 in Australia was up 1.2% at 8,870.90.
In South Korea, the Kospi slipped 1.4% to 7,281.37 and traders sold to lock in profits after the benchmark jumped nearly 7% a day earlier to barrel past 7,000 for the first time.
Taiwan’s Taiex surged 1.7%. – AP-PTI
- May 7, 2026 08:16
Technical call buy
Stock recommendations: India Electric Utilities: Switched-On Capex Cycle: Initiate NTPC, PGCIL, TTPW, JSWE at Buy
India’s first-ever multi-vector capex upcycle – straddling thermal, renewables, transmission, and grid storage – continues to chug along. It remains a multi-year visible story, with the breadth of power demand gradually expanding. Our medium-term forecast is set at a 5-6% CAGR on the strength of electrification, data centres, cooling load, and policy-supported manufacturing sectors. To boot, regulators’ focus has pivoted from capacity to reliability/flexibility, and favorable policies are providing greater visibility. Against this structural change in backdrop, we initiate at Buy on NTPC (TP Rs485), TTPW (Rs525), PGRD (Rs380), JSWE (Rs650) – in that order of preference.
Stock views: NTPC > Tata Power >PGRD > JSWE — Although power-sector stocks have re-rated in the past month on a power-demand pickup, we believe they still have upside potential. None are materially exposed to merchant price volatility.
– NTPC: Duration/diversity of its regulated business and its multi-modal generation exposure with a cost of funds advantage position it well.
– Tata Power: Multi-year transition, with a growing share of lower-volatility businesses as capex stays focused on T&D and renewables.
– PGRD: Direct beneficiary of transmission grid buildout in India. Commissioning and capex trajectories have improved.
– JSWE: Well placed to benefit from both thermal and renewable buildout.
Key risks — a) Execution slippages; b) sustained unfavorable demand variability; c) adverse regulatory developments.
- May 7, 2026 08:15
Quarterly results
Q4 results update: Firstsource Solutions Q4 profit before tax rises to Rs 260 cr; EBIT margin improves to 12.03%
FIRSTSOURCE SOLUTIONS
Q4 CONS PROFIT BEFORE TAX 2.6B RUPEES VS 2.5B (QOQ)
FIRSTSOURCE SOLUTIONS: Q4 EBIT 3.14B RUPEES VS 2.9B (QOQ) || Q4 EBIT MARGIN 12.03% VS 11.81% (QOQ)
- May 7, 2026 08:14
Technical call buy
WATCH: Today’s stock recommendation
- May 7, 2026 07:51
Commodities
Iran offers maritime support in Strait of Hormuz after Trump pauses Project Freedom
Iran offers maritime support in Strait of Hormuz after Trump pauses Project Freedom
Iran announced maritime and medical support for ships in the Strait of Hormuz after Donald Trump temporarily paused the US-led Project Freedom initiative.
- May 7, 2026 07:32
Stock Market live: Sensex, Nifty eye positive opening as oil slips below $110 and Asian stocks rally
Indian markets likely to open higher as crude oil falls and global equities rally
Indian markets may open higher on positive global cues and lower crude oil prices, though derivatives data signals cautious trading sentiment.
- May 7, 2026 07:08
Buzzing stocks: Hero MotoCorp, Motilal Oswal, Thyrocare and more in spotlight today
tocks to watch: Motherson, Clean Max, Thyrocare, Zaggle and others drive market buzz
ADIO backs Motherson in Abu Dhabi, Clean Max revises Apple deal, Brigade announces bonus issue, Thyrocare expands genomics, and firms unveil major deals.
- May 7, 2026 06:48
Finance
Insights: Microfinance sector finds its feet
Microfinance sector shows recovery after bad loan crisis, but risks from costs and rainfall persist
The microfinance sector recovers as disbursements grow and NPAs decline, but sustainability concerns linger amid economic challenges.
- May 7, 2026 06:46
Stock market
Trading Guide for May 7, 2026: Intraday supports, resistances for Nifty50 stocks
Day Trading Guide for May 7, 2026: Intraday supports, resistances for Nifty50 stocks
Day Trading Guide gives you the key intraday supports and resistances to watch out for on the Nifty Futures and other widely traded stocks such as Reliance Industries, Infosys, HDFC Bank, TCS, SBI.
- May 7, 2026 06:46
Commodities
MCX Copper: Consolidating within the uptrend
MCX Copper Futures: Consolidating within the uptrend
MCX Copper shows potential for upward momentum, targeting ₹1,320, with a positive near-term outlook for traders.
- May 7, 2026 06:45
Technical call buy
Stock to buy today: HBL Engineering (₹855) – BUY
Stock to buy today: HBL Engineering (₹855) – BUY
Moving average cross overs on the daily chart also strengthens the bullish case. HBL Engineering share price can rise to ₹930-940 in the next few weeks
Published on May 7, 2026
