JP Power, Vodafone Idea, PC Jeweller, Ola Electric See Heavy Trading Activity on NSE

Market Benchmarks Remain in Consolidation Mode Amid US-Iran Tensions

Market benchmarks in India remained in consolidation mode on Thursday, reflecting cautious sentiment due to lingering uncertainty surrounding a potential US-Iran peace deal. Despite a ceasefire remaining in effect, reports of fresh escalations have kept investors on edge.

The US and Iran reached an agreement on Thursday (US time) to extend their ceasefire and lift restrictions on shipping through the Strait of Hormuz. However, the agreement is awaiting US President Donald Trump's approval. US Vice President JD Vance said that Washington was 'not there yet' with Iran on an agreement but that the parties were close.

The Nifty 50 declined about 0.40% to an intraday low of 23,815 during the session. Oil and gas, auto, and metal segments were witnessing strong selling pressure.

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Some of the most traded stocks on the NSE included Wipro, SEPC, HCC, Pine Labs, Ashok Leyland, Adani Power, Reliance Power, Adani Total Gas, IFCI, and Tata Gold Exchange Traded Fund.

Jaiprakash Power Ventures (JP Power) was among the most traded stocks, with more than 48 crore shares changing hands while the stock declined more than 3% during the session. The company informed about the acquisition of 24% shares of JP Power held by Jaiprakash Associates and the release of 1,30,26,97,997 pledged shares of the company by lDBl Trusteeship Services Limited, acting in its capacity as the security trustee for lenders to Jaiprakash Associates.

Vodafone Idea was another highly traded stock, with over 48 crore shares changing hands as the stock declined more than 1% after hitting a 52-week high of ₹14.44 during the session. The stock has been witnessing strong buying interest of late due to AGR relief, healthy Q4 numbers, and an increase in subscriber base for the third consecutive month in April. The telecom stock is up 37% in May after a 20% jump in April.

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PC Jeweller was also among the most traded stocks, with more than 28 crore shares changing hands as the stock jumped 14% during the session. The company reported a 61% year-on-year rise in consolidated net profit to ₹152.89 crore for Q4FY26.

Ola Electric Mobility was another highly traded stock, with over 24 crore shares changing hands as the stock jumped more than 9% during the session. The company has secured regulatory approval for a new electric scooter.