Last Updated on May 7, 2026 9:49 pm by BIZNAMA NEWS
Our Business Correspondent
Indian equity benchmarks closed marginally lower on Thursday after a volatile session dominated by weekly derivatives expiry and profit booking at elevated levels. The Sensex and Nifty swung between gains and losses amid mixed global cues, though broader indices outperformed on optimism over easing geopolitical tensions and prospects of a U.S.–Iran peace framework. Softer crude prices, with Brent slipping below $100 per barrel, and a firmer rupee against the dollar cushioned downside pressure.
The S&P BSE Sensex fell 114 points or 0.15% to 77,844.52, while the Nifty 50 shed 4.30 points or 0.02% to close at 24,326.65. Weakness in IT, FMCG, and consumer durables weighed on benchmarks, even as auto and private banking stocks provided support. Hindustan Unilever, TCS, and ITC were among the major drags.
Broader markets stole the limelight, with the BSE MidCap and SmallCap indices rising nearly 1% each. The Nifty Midcap 150 hit a record high of 22,808.45, underscoring strong investor appetite beyond frontline stocks. Market breadth was robust, with 2,735 shares advancing against 1,521 declines.
Global sentiment remained mixed: European equities slipped on cautious optimism over U.S.–Iran talks, while Asian markets rallied, led by Japan. Wall Street surged overnight, with the S&P 500 and Nasdaq hitting fresh highs on hopes of easing Middle East tensions.
Stocks in Focus
- CarTrade Tech surged 6.52% on record earnings.
- Bajaj Auto jumped 2.83% after strong Q4 profit growth.
- CG Power rallied 3.54% on robust revenue expansion.
- IIFL Capital Services gained 5.99% after Fairfax India’s ₹2,000 crore infusion.
- Craftsman Automation soared nearly 11% on stellar profit growth.
- Brigade Enterprises fell 4.62% on weak quarterly earnings.
- Meesho narrowed losses sharply, stock up 1.07%.
- TD Power Systems rose 7.23% ahead of board meet on stock split.
- BMW Industries rallied 5.11% on strong Q4 performance.
- Apcotex Industries hit 20% upper circuit on profit surge.
Numbers to Track
- India 10Y Yield: 6.928%
- Rupee vs Dollar: 94.24 (firmer)
- MCX Gold Futures (June): ₹152,896 (+0.50%)
- U.S. Dollar Index (DXY): 97.84 (-0.19%)
- U.S. 10Y Yield: 4.33% (-0.57%)
- Brent Crude (July): $99.15 (-2.09%)
Disclaimer
This market report is for informational and journalistic purposes only. It does not constitute investment advice. Readers are advised to consult qualified financial professionals before making investment decisions.