Indian stock markets ended lower on Thursday (May 8) after a volatile trading session. The Nifty slipped below 24,300, closing at 24,273.80—down 140.60 points or 0.58%. The Sensex fell 411.97 points or 0.51%, finishing at 80,334.81.
Selling pressure increased later in the day due to rising tensions between India and Pakistan, following reports of intensified cross-border activity. This led to profit booking by investors. Meanwhile, the US Federal Reserve’s latest meeting offered limited comfort, as it warned that steep tariffs could lead to higher inflation and job losses.
Despite this, global markets stayed mostly positive, supported by hopes of a trade deal between the US and UK, and early signs of resumed talks with China. Historically, local market volatility tends to ease once geopolitical tensions reduce.
Top Nifty Performers & Losers:
Top Gainers: HCL Technologies, Kotak Mahindra Bank, Titan Company, Axis Bank, Coal India
Top Losers: Shriram Finance, Eternal, M&M, Tata Consumer, Adani Enterprises
Sector Performance:
Most sectors ended in the red, with metal, oil & gas, pharma, PSU banks, auto, consumer durables, and real estate losing 1–2%. Only IT and Media sectors managed to stay in the green. The BSE Midcap index dropped 1.9%, and the Smallcap index fell 1%.