Stock market today: Indian markets are expected to open higher on Friday, May 2, tracking gains in Asian peers and a strong rally on Wall Street during Thursday’s session. The S&P 500 rose for an eighth consecutive day, marking its longest winning streak since August.
The Nasdaq 100 ended 1.1% higher, with Microsoft Corp. and Meta Platforms Inc. jumping on upbeat earnings, lifting broader equity indices. Additionally, a report suggesting the U.S. may ease restrictions on Nvidia Corp.’s sales to the United Arab Emirates helped push shares higher during regular trading.
Tech earnings were the key driver of market optimism, along with expectations that upcoming trade deals could provide relief to several countries from the steep tariffs announced on April 2.
The Indian stock market will resume trading on Friday following a holiday on May 1 for Maharashtra Day. Today also marks the first trading session for the indices in May, after both benchmark indices ended April with gains of nearly 3.5%.
Most of the market action is expected in auto stocks following their April sales figures, while the ongoing earnings season will drive stock-specific moves based on individual company results.
Stocks in focus on May 02
Eternal: Food delivery company Eternal, formerly known as Zomato, on Thursday reported a 77.7% fall in its March quarter consolidated net profit at ₹39 crore versus ₹175 crore reported in the year ago period.
HBL Engineering: HBL Engineering has secured a ₹146 crore contract from Indian Railways to implement the Kavach system across 48 stations, covering a distance of 428 kilometers.
Hyundai Motors: Hyundai Motor India Ltd on Wednesday reported a total sales of 60,774 units in the month of April 2025. The automobile major also said that it surpassed domestic sales of 90 lakh units since inception.
Tata Motors: Company dispatched 72,753 units (domestic & international) in April 2025—6% lower compared to 77,521 units dispatched during the same period last year. Sales dropped sharply on a MoM basis, with the company dispatching 90,500 units in March 2025.
Mahindra and Mahindra: The company said its utility vehicle sales surged 28% to 52,330 units in the domestic market last month against 41,008 units in the year-ago period.
Maruti Suzuki: Market leader Maruti Suzuki India reported a 1% year-on-year increase in total domestic dispatches (including PVs and LCV Super Carry) last month at 1,42,053 units.
Eicher Motors: Royal Enfield on Thursday said its overall sales increased 6 per cent year-on-year to 86,559 units in April. The company sold 82,043 units in April last year.
TVS Motor Company: The Company registered a growth of 16% with sales increasing from 383,615 units in April 2024 to 443,896 units in April 2025.
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