Stock Market Update 8 May 2026: Sensex Loses Over 250 Points, Nifty 50 Below 24,250

Most Indian stock market indices are trading lower after market opening on Friday, 8 May 2026.

At around 9:20 AM, the Sensex was down by 293.16 points (0.38%) to trade at 77,551.36. The Nifty 50 was also down by 92.45 points (0.38%) to trade at 24,234.20.

Notably, indices witnessed a volatile trading session on Thursday amid the weekly Sensex expiry. They swung within a narrow range before ending on a cautious note. Upon market closing, the Sensex was down 114 points, while the Nifty 50 dropped 4.30 points.

How Other Indices Are Performing?

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

At around 9:26 AM, Bank Nifty was down by 0.66% to trade at 55,678.60. The Nifty Financial Services index was also trading lower by 0.7% at 26,265.10.

Among the sectoral indices, Nifty Auto was trading lower by 0.61%, Nifty Metal was down 0.32%, and Nifty FMCG was down 0.2%. Nifty Pharma (up 0.34%) and Nifty IT (up 0.69%) were the only indices in the green.

Top Gainers And Losers

Approximately 1,253 shares opened in the green on Friday, whereas 1,002 shares opened in the red. Around 186 shares were unchanged.

The top gainers on Nifty were Tata Consumer, Asian Paints, Bharat Electronics, Tech Mahindra, and Wipro. The top losers were Coal India, M&M, Axis Bank, HDFC Bank, and Eicher Motors.

What About The Global Markets?

Most global markets showed bearish sentiments amid renewed US-Iran hostilities.

• S&P 500 futures were up 0.2% as of 10:45 AM Tokyo time.

• Japan’s Topix was down 0.8%.

• Australia’s S&P/ASX 200 was down 1.6%.

• Hong Kong’s Hang Seng was down 1.2%.

• The Shanghai Composite was down 0.1%.

• Euro Stoxx 50 futures were down 0.8%.

Developments Shaping The Market

• US-Iran Hostilities: There were reports of peace between the US and Iran, which caused markets to climb recently. However, fresh hostilities between the two countries on Thursday again caused a worldwide fall.

• Rupee Declines Again: The Indian national rupee (INR) declined again to open lower by 0.35% at 94.58 per US dollar as against the previous close of 94.25.

• FII Sell Off: Foreign institutional investors (FII) continue to sell Indian financial stocks. The sector’s significant weightage in benchmark indices meant the impact was observed across broader markets.

Also Read - Stocks To Watch On 8 May 2026: Britannia, SBI, Hyundai Motor India and More

Investor Takeaway

The markets have shown signs of recovery from the recent slump. However, changing geopolitical factors and developments in the Middle East continue to make indices volatile. Investors must trade cautiously at this time.

Sources:

The Economic Times

Moneycontrol