“Before the Bell: India’s Market Cheat Sheet for May 7”

“Before the Bell: India’s Market Cheat Sheet for May 7”

🔍 Key Things to Watch on May 7

FactorDetails
US Markets OvernightDow, Nasdaq to react to Powell’s comments; tech stocks under pressure
Crude Oil PricesBrent holding around $83, may influence ONGC, OMC stocks
FII/DII ActivityFIIs net buyers for 3 straight days—will it continue?
Rupee Movement₹ vs USD crucial; weakening trend could pressure import-heavy sectors
India Services PMITo be released in the morning; key signal for economic activity
Corporate EarningsDabur, Godrej Consumer, Adani Wilmar, Jindal Stainless report Q4 numbers
Bank NiftyUnderperformed on May 6; watch for bounce or further slide
Geopolitical TensionsGaza developments may impact risk sentiment globally
Volatility Index (India VIX)Near 18 levels; any spike could hint at nervousness ahead of elections

🧠 Expert Take

“The market is walking a tightrope between optimism on earnings and nervousness around geopolitical and macroeconomic events. Bank Nifty’s underperformance vs Nifty is concerning, but strength in FMCG and midcaps could provide a cushion,”
Siddharth Mehta, equity strategist


📈 Stocks to Keep on Radar

  • Dabur, Godrej Consumer – Earnings play; rural revival and margins key
  • HDFC Bank, ICICI Bank – If Bank Nifty rebounds, these will lead
  • PSU Banks – Look weak technically; avoid fresh longs for now
  • Auto stocks – Post-results drift possible in Tata Motors, Hero MotoCorp
  • Metal stocks – Bounceback possible if China stimulus reports pick up

📊 Chart Snapshot: Sector Heatmap May 6

SectorPerformanceSentiment
FMCG🔼 +1.4%Positive
IT🔼 +0.9%Cautiously Bullish
Bank Nifty🔽 -0.16%Weak
Midcaps🔼 +1.78%Very Bullish
Auto🔼 +0.8%Stable

What Time to Watch

EventTime (IST)
US Market Open7:00 PM
India Services PMI Data10:30 AM
Earnings Reports Start9:00 AM
Europe Market Open12:30 PM

🧾 Quick Checklist for May 7

  • ✅ Check Services PMI at 10:30 AM
  • ✅ Track Bank Nifty movement by 11 AM
  • ✅ Review Dabur and Godrej Consumer earnings post-market
  • ✅ Watch US futures after 3 PM for global cues
  • ✅ Keep an eye on crude and INR

Prashant Marathe

https://eduinvesting.in

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