Post-Market, 8 May 2026: Sensex Slumps Over 500 Points; Nifty 50 Sheds 150 Points

Indian benchmarks ended Friday’s trading session on a weaker note. Market sentiments took a hit following renewed tensions between the US and Iran. At the closing bell:

• The Sensex slumped to 77,328.19, down 0.66%

• The Nifty 50 closed at 24,176.15, down 0.62%

In the broader markets, the Nifty Midcap 100 was down 0.15%, while the Nifty Smallcap 100 was up 0.22%.

Companies Declaring Q4 FY 26 Results

Like previous days, many companies declared their Q4 FY 26 results today, including:

• JSW Infra: Net profit fell 17.9% at ₹418 crore versus ₹509 crore YoY; revenue up 18.6% at ₹1,522 crore versus ₹1,283 crore YoY.

• Kalyan Jewellers: Net profit stood at ₹410 crore versus ₹188 crore YoY; revenue up 66% at ₹10,275 crore versus ₹6,182 crore YoY.

• Titan: Net profit stood at ₹1,179 crore versus ₹1,270 crore YoY; revenue at ₹26,920 crore versus ₹18,854 crore YoY.

• Swiggy: Net loss stood at ₹800 crore versus ₹1,081 crore YoY; revenue increased 44.7% to ₹6,383 crore versus ₹4,410 crore YoY.

• Urban Company: Net loss stood at ₹161 crore versus ₹2.8 crore YoY; revenue increased 42.6% to ₹426 crore versus ₹298 crore YoY.

Other Market Developments

There were several other developments in the markets today, including:

• Bagging of an engineering procurement and construction order from Bharat Coal Gasification and Chemicals Ltd by the energy hydrocarbon onshore vertical of Larsen & Toubro (L&T).

• Kotak Mahindra Bank received approval from the Reserve Bank of India (RBI) to acquire up to 9.99% each in AU Small Finance Bank and Federal Bank.

• Ola Electric received government certification for its mass market electric scooter S1 X+ (5.2kWh).

Also Read - BSE Q4 FY26 Results: Profit Jumps 61% To ₹797 Crore

Commodity Watch: Gold And Silver

There were no major changes in the prices of gold and silver compared to a day ago. At 16:08, gold June futures were trading at ₹1,52,880 per 10 grams, whereas silver July futures were trading at ₹2,62,326 per kg on the Multi-Commodity Exchange (MCX).

While fresh tensions between the US and Iran dented investors’ confidence, market analysts also pointed towards weakness in banking stocks for today’s slump.

Sources:

Moneycontrol

Business Standard

Nifty Indices

India Today

NDTV profit