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Gold, silver prices decline 2%: Muthoot Finance, Hindustan Zinc, others fall up to 4%
According to Bloomberg, bullion dropped as much as 2 percent to below $4,175 an ounce on Wednesday, after falling 1.6 percent in the previous session.

SBI Mutual Fund buys Rs 1,435 crore worth Adani Enterprises shares from GQG Partners
Adani Enterprises shares clocked 8.6 percent rally to Rs 2,712.9 amid high volumes, the highest closing level since November 19, 2024

GQG Partners, SBI Mutual Fund buy over 1% stake worth Rs 3,150 crore in JSW Steel from promoter entity
SBI Mutual Fund through its SBI Arbitrage Opportunities Fund already held 1.16 percent stake in JSW Steel as of March 2026.

Muthoot Finance stock jumps nearly 4%, Manappuram, Hindustan Zinc gain as gold, silver rally
A rally in gold and silver prices lifted sentiment across precious metal-linked stocks. The gains came after weaker-than-expected US jobs data boosted expectations of a less aggressive Federal Reserve rate path.

Hindustan Zinc, Muthoot Finance, Manappuram Finance gain up to 3% despite softer gold prices
In the international market, spot gold slipped 0.11% to $4,136.20 per ounce, while spot silver declined 0.16% to $60.65 per ounce.

Momentum Stocks: A B Infrabuild, Art Nirman, Chamunda Electricals rise up to 12% on sheer momentum
Emcure Pharmaceuticals, Belrise Industries, Minda Corporation, Pidilite Industries, Adani Enterprises, Aditya Birla Capital, Syrma SGS Technology, Federal Bank, AU Small Finance Bank, Navin Fluorine International and ACME Solar Holdings, hit new one-year highs

Trade Spotlight: How should you trade NMDC Steel, Aditya Birla Fashion, Lodha Developers, RBL Bank, HDFC Life Insurance, and others on May 8?
Consolidation with range-bound trading is likely to continue until the indices trade below the April high. Below are some short-term trading ideas to consider.