Report Wire Logo
HomeBusinessVolatile Trade Ends Flat Sensex Falls 114 Pts Nifty Steady
Business

Volatile Trade Ends Flat Sensex Falls 114 Pts Nifty Steady

Thursday brought volatility to Dalal Street, with Indian stocks closing flat despite early lifts from US-Iran ceasefire buzz. Benchmarks climbed at the start but slid back, mirroring global caution....

P
PawanReporter
|
May 7, 2026
10:52 AM
Volatile Trade Ends Flat Sensex Falls 114 Pts Nifty Steady

Thursday brought volatility to Dalal Street, with Indian stocks closing flat despite early lifts from US-Iran ceasefire buzz. Benchmarks climbed at the start but slid back, mirroring global caution. BSE Sensex ended down 114 points (0.15%) at 77,844.52. Nifty 50 slipped 4.30 points (0.02%) to 24,326.65. Sensex's day: open 78,339.24, high 78,384.70, low 77,713.21. Nifty: open 24,398.50, high 24,482.10, low 24,284. Smaller stocks led gains – Nifty Midcap 100 +1.10%, Smallcap 100 +0.87% – outpacing frontline indices. Laggards: consumer durables, IT, FMCG, PSU banks. Winners: auto, realty, private banks, metals, media, healthcare. Nifty 50 gainers like HDFC Life, Bajaj Auto, M&M, Grasim, NTPC, Apollo Hospitals, Hindalco, Kotak Bank, ONGC rose 1-3.5%. Shares of HUL, TCS, Titan, Tech Mahindra, ITC, Sun Pharma, Coal India declined. Investor wealth grew by 2 lakh crore, pushing BSE market cap to 475 lakh crore from 473 lakh crore. Analysts note Nifty's 24,400-24,500 resistance zone. Sustained move above eyes 24,600. Support at 24,100-24,000. Watch Gulf headlines: Iran's stance on US proposals, Hormuz reopening odds will sway sentiment. Oil prices plunged – Brent at $99.92/barrel (-2.32%). Rupee gained 15 paise to hover near 94.24/USD, boosted by positive US-Iran vibes.

--- Advertisement ---