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Stock Market Today: Sensex tumbles 400 points to 77,448; Nifty trades near 24,200
The 30-share BSE Sensex fell 396.32 points, or 0.51 per cent, to 77,448.20 at the opening bell on 8 May. The index had settled at 77,844.52 in the previous session. Sensex opened at 77,631.94.
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Stock Market Today: Sensex tumbles 400 points to 77,448; Nifty trades near 24,200
Written By: Abhay Shukla
Updated: Fri, May 08, 2026
10:21 AM IST
10:21 AM IST
New Delhi, ZeeBiz WebDesk
Stock Market Today: Indian stock market benchmark indices opened lower on Friday, tracking weak global cues and cautious investor sentiment amid rising geopolitical tensions in the Middle East.
The 30-share BSE Sensex fell 396.32 points, or 0.51 per cent, to 77,448.20 at the opening bell on 8 May. The index had settled at 77,844.52 in the previous session. Sensex opened at 77,631.94.
The Nifty 50 also started the session in the red. The benchmark index declined 119.55 points, or 0.49 per cent, to 24,207.10. Nifty had closed at 24,326.65 in the previous session and opened at 24,233.65 on Friday.
TRENDING NOW
Banking, auto stocks drag market lower
Selling pressure was largely visible in banking and automobile stocks during early trade. The Nifty Private Bank index declined 0.96 per cent, while the Nifty Auto and Nifty Oil & Gas indices fell 0.87 per cent and 0.78 per cent, respectively.
Other key sectors, including financial services and PSU banks, also traded lower, falling 0.75 per cent and 0.68 per cent, respectively. However, selective buying in FMCG, IT and pharma stocks offered limited support to the broader market.
Among Nifty50 stocks, Eternal, Mahindra & Mahindra, Coal India and Axis Bank emerged as the top losers in early deals.
Sector-wise, the Nifty Private Bank, Nifty PSU Bank, Nifty Bank and Nifty Auto indices underperformed, while the Nifty IT and Nifty
Pharma indices traded with gains.
Crude oil, gold prices rise
The weakness in equities coincided with a sharp rise in commodity prices as concerns over the West Asia conflict kept investors on edge.
Brent crude rose as much as 1.43 per cent to trade near USD 101.48 per barrel on the Intercontinental Exchange after hopes of easing hostilities faded. Earlier, Brent crude had witnessed sharp volatility, moving in a wide USD 96–103 per barrel range.
Gold and silver prices also advanced in global markets, with both precious metals futures trading around 0.41 per cent higher.
FIIs remain cautious
Foreign institutional investors (FIIs) remained net sellers in the cash market for the third straight session, though the selling intensity remained limited. FIIs reportedly sold equities worth around Rs 341 crore in the cash segment, marking one of the smallest single-day outflows since 24 February.
At the same time, FIIs increased their index futures long positions from 13.44 per cent to 13.75 per cent, indicating selective optimism despite near-term volatility.
Domestic institutional investors (DIIs) continued their buying streak for the 10th consecutive session, although purchases remained modest at around Rs 441 crore.
Global cues remain mixed
US markets ended lower overnight after major indices failed to hold intraday highs. The Nasdaq and S&P 500 touched fresh lifetime highs during trade before closing lower, while the Dow Jones index erased over 500 points from the day’s high to end sharply down.
Meanwhile, the Indian rupee strengthened for the second consecutive session, closing 36 paise higher at 94.25 against the US dollar.
Q4 results today
Several companies are scheduled to announce their March quarter earnings on Friday, including ABB India, Bank of Baroda, Titan Company, Tata Consumer Products, Swiggy and Multi Commodity Exchange of India.
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Abhay Shukla
Abhay Shukla
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