Vodafone Idea, YES Bank, HFCL, JP Power, Filatex Fashions Among Most Traded Stocks on May 6, 2026

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On Wednesday, 6 May, the Indian stock market experienced a decent rise in the first half of the session, driven by a decline in crude oil prices and positive global cues. The Sensex climbed by nearly 1% during the session, while the Nifty 50 reclaimed 24,250.

According to Shrikant Chouhan, the head of equity research at Kotak Securities, 23,800 may act as an immediate support for the Nifty 50, while 24,210, or the 50-day SMA (simple moving average), will be the main resistance area. A successful breakout above 24,210 may take the market higher towards 24,300-24,350. A close above 24,300 would be positive for the market as it could take the index towards 24,600, its immediate high.

The most traded stocks on the National Stock Exchange (NSE) included Vodafone Idea, YES Bank, HFCL, Jaiprakash Power Ventures (JP Power), Filatex Fashions, Meesho, Vedanta, Suzlon Energy, Tata Gold Exchange Traded Fund, and Tata Silver Exchange Traded Fund. Other notable stocks among the most traded were Hindustan Construction Company (HCC), Ola Electric Mobility, Adani Power, Cupid, Bank of Maharashtra, Tejas Networks, Coforge, Fineotex Chemical, Punjab National Bank (PNB), and HDFC Life Insurance Company.

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Vodafone Idea was among the top performers, with over 53 crore shares changing hands as the stock rose by more than 5% during the session, marking its third consecutive gain. The telecom stock has risen by more than 10% in May, after a 20% rise in April. The government's reduction of Vodafone Idea's AGR liability by approximately 27%, or ₹23,649 crore, has brought the total dues down to ₹64,046 crore after reassessment.

YES Bank also saw significant trading volume, with over 19 crore shares changing hands, as the stock jumped over 6%, extending its gains for the third consecutive session. After rising nearly 16% in April, the stock has gained more than 8% so far in May.

HFCL was another notable stock, with more than 6 crore shares changing hands while the stock jumped 6% to hit its 52-week high of ₹136 during the session. The stock has been rising for four consecutive sessions after reporting the highest-ever consolidated profit of ₹184.45 crore for Q4FY26.

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In contrast, JP Power declined by over 1% during the session, with more than 5 crore shares changing hands. On 4 May, 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.

Filatex Fashions also made news, with over 5 crore shares changing hands as the stock hit its upper price band of ₹0.25, looking set to snap its six-session losing streak. Over these six sessions, the stock declined by 20%.