Vodafone Idea, HFCL, JP Power, HCC, Meesho, Ola Electric Mobility Among Top Traded Stocks on 5 May 2026

Indian Stocks Tumble Amid Rising Crude Oil Prices and Weak Global Cues

The Indian stock market witnessed a decline on Tuesday, May 5, due to rising crude oil prices, the rupee's fall to a new record low against the US dollar, and lingering uncertainties over possible US-Iran peace talks. The benchmark indices, the Sensex and the Nifty 50, dropped by almost 1% each during the session.

The Sensex fell nearly 1% to hit an intraday low of 76,629, while the Nifty 50 dropped by nearly 1% to hit its day's low of 23,914. Several stocks recorded high trading volumes on the National Stock Exchange (NSE) on Tuesday.

Top Traded Stocks on the NSE

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Among the most traded stocks, Vodafone Idea surged nearly 8% during the day, looking set to extend gains for the second consecutive session. The government has reduced Vodafone Idea's AGR liability by approximately 27%, or ₹23,649 crore, bringing the total dues down to ₹64,046 crore after reassessment.

HFCL rose by nearly 6% to hit its 52-week high of ₹133.15. The stock has gained more than 20% over the last three sessions after reporting the highest-ever consolidated profit of ₹184.45 crore for Q4FY26.

JP Power declined 5% during the day, looking set to extend losses for the third straight session. The company reported a consolidated loss of ₹13.37 crore for Q4FY26 compared to a profit of ₹3.77 crore in Q3FY26 and a profit of ₹155.67 crore in Q4FY25.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

Meesho gained 5% during the day, with the stock jumping nearly 38% in April and 15% in May so far. Ola Electric Mobility crashed nearly 8% during the day, despite its April sales numbers being 20% higher on a month-on-month basis. HCC shares surged over 6% during the session, with the stock jumping nearly 61% in April and more than 5% in May so far.