Stock Market Update 7 May 2026: Indices Trade Flat After Market Opening

Most Indian stock market indices are trading flat after market opening on Thursday, 7 May 2026.

At around 9:20 AM, the Sensex was down by 91.26 points (0.12%) to trade at 77,867.26. The Nifty 50 was also down by 13.45 points (0.06%) to trade at 24,317.50.

Notably, indices ended on a strong note on Wednesday, with the Sensex gaining 940.73 points and the Nifty 50 gaining 298.15 points.

How Other Indices Are Performing?

Not just the Sensex and Nifty, but most other indices were trading flat during early trade on Thursday.

At around 9:20 AM, Bank Nifty was down by around 0.27% to trade at 55,830.30. The Nifty Financial Services was trading slightly higher by 0.03% at 26,400.65.

Among the sectoral indices, Nifty Auto witnessed massive gains, rising 1.59%. Nifty Metal (up 0.61%) and Nifty Pharma (up 0.21%) were also among the gainers, while Nifty IT (down 0.47%) dropped a bit during early trade.

Top Gainers And Losers

Approximately 406 shares opened in the green on Thursday, whereas 139 shares opened in the red. Around 44 shares were unchanged.

The top gainers on Nifty were Trent, HDFC Life, Bajaj Auto, Max Healthcare, and Eternal. The top losers were Titan, Power Grid, Hindalco, and Interglobe Aviation.

Developments Shaping The Market

• US-Iran Deal: Reports suggest that the US and Iran are nearing a deal aiming to end the war. The easing of tensions has brought a fresh lease of enthusiasm to markets across the world.

• Positive Global Markets: Most global markets reacted positively to the easing geopolitical tensions. As of 9:15 AM, Gifty Nifty was down by 123 points (0.5%) to trade at 24,432.50. Japan’s NIKKEI was up by 5.56% to trade at 62,824.75. Dow futures were also trading higher by 0.15% at 49,983.50. Other global indices like Hang Seng, S&P, KOSPI, and the Shanghai Composite were also trading in the green.

• Rupee Declines: The Indian National Rupee (INR) opened lower by 0.13% at 94.7350 per US dollar, as against the previous close of 94.61.

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Investor Takeaway

The indices seem to be recovering from the recent lows due to the Middle East conflict. Factors like easing geopolitical tensions, state election results, and renewed buying interest seem to augur well for the markets. Still, investors should keep a close watch on geopolitical developments and make diligent investment decisions.

Sources:

The Economic Times

Moneycontrol