Vodafone Idea, YES Bank, GTL Infrastructure, HFCL, Meesho Among Most Traded Stocks on May 7, 2026

Indian Markets Rebound Ahead of US-Iran Trade Deal

The Indian domestic market benchmark, Nifty 50, rose by more than half a percent to reclaim the 24,480 level in intraday trade on Thursday, 7 May. The market's rebound was supported by hopes of a potential US-Iran trade deal, a decline in crude oil prices, and positive global cues.

Banking, financial, auto, and metal counters witnessed healthy buying interest during Thursday's session. The market has been swinging between hope and fear due to the ongoing crisis in West Asia, which has been affecting crude prices.

During the ongoing Q4 results season, the market is rewarding good results and punishing poor results. Positive results across market caps have been a key driver of the market's momentum. The Nifty 50 has been volatile in recent days, but the current upswing suggests that investors are optimistic about the market's prospects.

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Some of the most traded stocks on the NSE (National Stock Exchange) on Thursday included:

These stocks were among the most active in terms of volume on the NSE. Vodafone Idea, in particular, has been a standout performer this week, with its stock price jumping about 10% after the government reduced its AGR liability by approximately 27%. The company's appointment of Kumar Mangalam Birla as non-executive chairman has also been well-received by investors.

YES Bank has also been a major gainer this week, with its stock price surging 13% so far. The banking stock has been looking set to extend gains for the second consecutive week. GTL Infrastructure and HFCL have also been in focus, with their stock prices surging 14% and 25% respectively in May.

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Meesho, another stock that changed hands in large numbers, reported a narrowing of its consolidated net loss to ₹166.34 crore for the fourth quarter ended 31 March. The company's Q4 results have been well-received by investors, with its stock price rising over 3% on Thursday.