Indian benchmark indices ended sharply lower on May 8, 2026, with the Sensex dropping 516 points and Nifty closing at 24,176 amid escalating US-Iran tensions and rising crude oil prices. Banking stocks remained under heavy pressure after SBI’s weak Q4 earnings, while IT and FMCG sectors outperformed on defensive buying interest. Titan hit a 52-week high after strong results, whereas Coal India declined on stake sale concerns.
8 May 2026|06:22 PM
Gold prices extended gains on Thursday as investors closely tracked diplomatic developments between the United States and Iran, while awaiting key US economic data for clues on Federal Reserve policy. COMEX gold futures climbed above $4,740, with spot gold holding near recent highs after a sharp rally in the previous session. A weaker US dollar, softer oil prices, and expectations of potential US rate cuts continued to support bullion demand, while domestic MCX gold prices also remained firm amid persistent geopolitical uncertainty.
7 May 2026|07:30 PM
Indian benchmark indices closed range-bound on May 7, 2026, with Nifty ending flat at 24,326 and Sensex slipping 114 points. Defence and Auto stocks outperformed on easing crude oil prices and strong earnings momentum, while IT, FMCG, and Consumer Durables witnessed profit booking amid geopolitical uncertainty and mixed Q4 results.
7 May 2026|05:20 PM
The Indian benchmark indices ended sharply higher on May 6, 2026, with Nifty surging to 24,330 and Sensex gaining over 940 points to close at 77,958. Reports of a potential US-Iran peace deal triggered a sharp drop in crude oil prices below $100 per barrel, lifting investor sentiment across the board. Broad-based buying was seen across almost all sectors.
6 May 2026|06:05 PM
Benchmark indices ended in the red on May 5, 2026, with Nifty and Sensex declining due to elevated crude prices, rupee depreciation, and continued foreign investor outflows. Banking, realty, and consumer durable stocks led the losses, while defence, FMCG, and auto sectors showed resilience amid cautious market sentiment.
5 May 2026|06:43 PM
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