Stock Market Update 6 May 2026: Sensex Gains Over 500 Pts; Nifty Above 24,200

Most Indian stock market indices were trading higher after market opening on Wednesday, 6 May 2026.

At around 9:16 AM, the Sensex was up by around 535 points (0.7%) to trade at 77,550.91. The Nifty 50 was also up by 172 points (0.72%) to trade at 24,210.55.

Notably, both indices ended slightly lower on Tuesday amid geopolitical uncertainty. The Nifty 50 closed the session at 24,032.80 (down by 86.50 points), whereas the Sensex closed at 77,017.79 (down by 251.61 points).

How Other Indices Are Performing?

Not just the Sensex and Nifty, but most other indices were trading in the green during early trade on Wednesday.

At around 9:18 AM, Bank Nifty was up by 1.42% to trade at 55,333.65. The Nifty Financial Services index was also trading higher by around 1.21% at 26,026.90.

Sectoral indices also witnessed good gains, with Nifty Metal rising 1.23%, Nifty Pharma rising 0.44%, and Nifty IT rising 1.08%.

Top Gainers And Losers

Most stocks were bullish during early trade on Wednesday. Approximately 172 shares opened in the green, whereas 64 shares opened in the red. Around 14 shares were unchanged.

The top gainers on Nifty were Interglobe Aviation, Shriram Finance, Bajaj Finance, Bajaj Finserv, and Tata Motors Passenger Vehicles. The top losers were L&T, ONGC, and Power Grid.

What About The Global Markets?

Global markets were mostly bullish amid positive developments in the Middle East and declining energy prices.

• S&P 500 futures were up 0.2% as of 10:38 AM Tokyo time.

• Australia’s S&P/ASX 200 was up 1%.

• Hong Kong’s Hang Seng was up 0.2%.

• The Shanghai Composite was up 0.6%.

• Euro Stoxx 50 futures were up 0.8%.

• Gift Nifty was up 0.21%.

• Dow futures were up 0.23%.

Developments Shaping The Market

• Middle East Peace Hopes: The ongoing conflict between the US and Iran in the Middle East could finally seem to be settling. The US president, on Tuesday, signalled it is nearing a deal with Iran. q

• FII Inflows: After heavy selling for the past nine sessions, foreign institutional investors (FIIs) turned net buyers on Monday, 4 May 2026. The trend continued on Tuesday as FIIs ended the session as net buyers.

• AI chip stocks surge: Intel and other artificial intelligence (AI)-linked stocks across the globe witnessed a massive surge on Tuesday. As a result, global indices like the S&P 500 and the NASDAQ Composite ended the day at record highs.

• Rupee Eases Against Dollar: After reaching record lows, the Indian National Rupee (INR) eased a bit against the US dollar. The currency opened 0.26% higher on Wednesday at 95.03 per US dollar against the previous close of 95.28.

Also Read - Pre-Market 6 May 2026: What To Expect After Nifty At 24,033, Sensex Falls 252 Points

Investor Takeaway

The indices seem to be bouncing from the recent lows due to the Middle East conflict. Factors like positive global sentiments, state election results, and renewed FII interest have given wings to the Indian stock markets. Still, investors should keep a close watch on geopolitical developments. The situation is changing almost every day.

Sources:

The Economic Times

Moneycontrol