Stock Market LIVE: Nifty Eyes Further Gains; Earnings from Paytm, Godrej Consumer, BoB in Focus

Mumbai, May 6, 2025 — Indian equities are set for a cautious but optimistic start on Tuesday, with the Nifty 50 continuing its upward streak, ending the previous session just 1,816.2 points away from its all-time high of 26,277.35.

Global Market Snapshot

Wall Street ended lower overnight ahead of the Fed policy announcement

Dow Jones: -0.24% at 41,218.83

Nasdaq: -0.74% at 17,844.24

Wall Street Futures remain flat as traders eye rate cues

Asian markets range-bound; Japan and South Korea closed for holidays

Currency & Trade Watch

Yen eased back to 144/USD

DXY held near 100, capping dollar strength

India proposes zero import tariffs on steel, auto components, and pharma up to a threshold – Bloomberg

Key Earnings to Watch Today

Several big names are set to report their Q4 results:

Godrej Consumer Products

Bank of Baroda

Aadhar Housing Finance

One 97 Communications (Paytm)

Polycab India

HPCL, MGL, CG Power, Kansai Nerolac, KEI Industries, Radico Khaitan

Stocks in Focus:

Coforge, IRCON, Indian Hotels, Glenmark Pharma, CAMS, IEX, Paras Defence, CCL Products

Market Sentiment & Flows

FII net buy: ₹497.79 Cr

DII net buy: ₹2,788.66 Cr

Midcaps showing strong momentum despite banking underperformance

Corporate Highlights

Ather Energy set to debut after raising ₹2,624 Cr at ₹304–321/share

Tata Motors Shareholder Meet Today: Voting on demerger of passenger and commercial vehicle businesses

Shareholders to receive 1 CV business share for every Tata Motors share held

Outlook:
While global cues remain mixed, continued FII-DII buying, strong midcap performance, and key earnings reports are likely to guide intraday sentiment. Watch for volatility as markets await the Fed's rate stance and macro guidance.