HomeMarket NewsSensex Today | Stock Market Highlights: Sensex falls 516 points; Nifty ends below 24,200
Sensex Today | Stock Market Highlights: Indian equity benchmarks closed in the red on May 8, with the Nifty 50 slipping below the 24,200 mark, dragged by broad-based selling across financial and PSU names. Sensex also ended 516 points below at 77,328.19.
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Sensex Today | Stock Market Highlights:
Benchmark indices ended the week on a positive note despite Friday’s sharp selloff, with the Sensex falling 516 points to close at 77,328 and the Nifty slipping 151 points to settle below the 24,200 mark at 24,176. However, on a weekly basis, the Nifty still gained around 1% amid volatile trade.
Broader markets outperformed the headline indices, with both the Midcap and Smallcap indices rallying nearly 4% during the week. Nifty Bank moved largely in line with the benchmarks and ended the week with gains of about 1%, despite Friday’s steep decline of 739 points to 55,311.
Market breadth remained weak in the final session, with the NSE advance-decline ratio standing at 2:3, indicating broader selling pressure across sectors.
Among sectoral indices, capital markets and auto stocks emerged as the top performers for the week, both rising more than 5%. On the other hand, PSU counters underperformed, with the CPSE and PSU Bank indices declining nearly 1% each.
Of the Nifty constituents, 35 stocks delivered positive returns during the week, led largely by auto names. M&M, Shriram Finance, Bajaj Auto, Grasim, and Asian Paints were among the top gainers. Meanwhile, ONGC, Coal India, SBI, TCS, and Bharti Airtel ended as the biggest laggards.
Financial stocks dragged the benchmarks lower on Friday, with SBI plunging 7% after missing Q4 estimates. HDFC Bank, Axis Bank, and Bank of Baroda also witnessed sharp selling pressure, pulling the Nifty Bank index lower.
Titan emerged as one of the top gainers in the session, jumping 5% after reporting a 29% year-on-year rise in net profit to ₹1,124 Cr. Hyundai Motor India, however, erased most of its intraday gains and closed nearly 2% off highs after its Q4 earnings came in below Street expectations.
In the broader market space, Nuvama, Yes Bank, BHEL, Coforge, CAMS, and Polycab were among the top weekly midcap gainers. Conversely, Oil India, Voltas, Blue Star, Sona BLW, and Dalmia Bharat featured among the top losers.
On the daily charts, SBI, Coal India, HDFC Bank, and Axis Bank were the top Nifty losers, while Lupin, Tata Chemicals, Voltas, HPCL, and PB Fintech led the decline among midcaps.
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