Vodafone Idea, HFCL, and Meesho Lead Trading Activity on Indian Stock Market
Vodafone Idea, HFCL, Meesho, JP Power, BHEL among the most traded stocks today, 4 May 2026
Mint
Image: Mint
On May 4, 2026, the Indian stock market experienced a significant upturn, with the Nifty 50 index surpassing 24,000 points. Vodafone Idea, HFCL, and Meesho emerged as the most traded stocks, influenced by political developments and corporate earnings reports.
- 01Nifty 50 index rose over 1%, reclaiming the 24,000 mark.
- 02Vodafone Idea's stock surged nearly 8% after a reduction in its AGR dues.
- 03HFCL's shares hit a 52-week high, climbing 11% following shareholder approval for a new warrant issue.
- 04Meesho's stock jumped 14% after JP Morgan initiated coverage with an 'overweight' rating.
- 05BHEL shares soared over 13% after reporting a substantial profit increase.
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On May 4, 2026, the Indian stock market saw robust buying interest, with the Nifty 50 index rising by over 1% to reclaim the 24,000 mark, reaching 24,290 during intraday trading. This surge was driven by favorable early results from the 2026 Assembly Elections, showing the Bharatiya Janata Party (BJP) leading in key states like West Bengal and Assam. Additionally, optimism surrounding potential US-Iran talks and a slight dip in crude oil prices bolstered market sentiment. Among the most traded stocks were Vodafone Idea, which saw over 93 crore shares exchanged and a nearly 8% increase in its stock price after the government reduced its adjusted gross revenue (AGR) dues by approximately ₹23,649 crore. HFCL also gained traction, with over 13 crore shares traded, climbing 11% to hit a 52-week high of ₹128.49 following shareholder approval for a new warrant issue. Meesho experienced a 14% jump in its stock price after receiving an 'overweight' rating from JP Morgan. Other notable stocks included Jaiprakash Power Ventures (JP Power) and Bharat Heavy Electricals (BHEL), both of which also saw significant trading volumes and price increases.
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The surge in stock prices can lead to increased investor confidence, potentially encouraging more investments in the market. This could benefit retail investors and stakeholders in these companies.
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More about Vodafone Idea

Vodafone Idea Shares Surge 10% Following AGR Dues Cut; Citi Projects 30% Upside
Business Standard • May 4, 2026
Market Update: Key Stocks to Watch Including Kotak Mahindra Bank and DMart
The Economic Times • May 4, 2026
Vodafone Idea Seeks ₹25,000 Crore Funding from SBI-Led Consortium Following AGR Relief
The Economic Times • May 4, 2026
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