Stock Market Live Updates: The final trading session of the week on Dalal Street started on a weak and nervous note with profit booking, volatile international cues and escalation of geopolitical tensions weighing on investor sentiment. Indian benchmark indices opened lower on Friday, May 8. At 9.37 am, the BSE Sensex was down by 412.39 points or 0.53 per cent at 77,432.13. The NSE Nifty 50 Index fell 0.51%, or 123.85 points, to 24,202.80. It opened at 24253.80 and touched a low of 24158.15 in early trade as volatility continued to rule the roost on Dalal Street.
Benchmark indices closed almost flat on May 7 after a very choppy session, but the mood on the Street was anything but quiet. Traders remained on edge throughout the session due to profit booking at higher levels, volatility on weekly expiry and FII selling that continued. The BSE Sensex fell 114 points to end at 77,844.52, while the NSE Nifty 50 was able to stay above the crucial 24,300 mark and closed almost flat, down by 0.02% or 4 points at 24,326.65.
The intriguing bit? Wider markets would not relent. Mid-cap and small-cap stocks saw buying interest as investors were still willing to take selective bets even as headline indices are finding it difficult to get direction.
The big question now is, will the Nifty finally be able to break the tough 24400-24500 region? Analysts say a consistent move over these levels could open gates for new upside towards 24600 and beyond, to 24800 levels, in the next few weeks. The downside of 24,000 remains a key support area for the index.
But today’s session is not only at a technical level. There are a bunch of triggers that can keep markets busy from the opening bell itself.
Asian markets are trading lower on fresh geopolitical tensions in the wake of the latest flare-up between the US and Iran. GIFT Nifty is already indicating a weak start. Global investors have another reason to fret as crude oil prices move back above $100 per barrel.
Back home, earnings season is expected to rule the roost. The biggest focus will be on the State Bank of India, with investors keenly awaiting management commentary on loan growth, deposits and the FY27 outlook. Action would also be intense on a stock-specific front with results from Bank of Baroda, Titan Company, Hyundai Motor India and Tata Consumer Products.
Another big trigger on traders’ radar is the buzz of a massive block deal in Lenskart Solutions as shareholder lock-in restrictions expire.
So will Dalal Street end the week on a positive note, or will volatility continue to rule the market mood? Stay tuned as we track every move of Sensex, Nifty, Bank Nifty and the biggest stocks in action during the day.
Stay tuned to this space for all the LIVE updates on the stock markets.
(This blog is closed now, See You guys on Monday with latest business updates. Stay Tuned!)
State Bank of India (SBI) missed Street expectations in the fourth quarter as weaker treasury gains and a sharp decline in other income weighed on overall profitability. While the bank reported steady growth in core lending income, the softer earnings performance disappointed investors and triggered selling pressure in SBI shares.
Read More: SBI Results Q4 FY26: Profit Up By 5.5%, Shares Down; Here’s What Investors Should Know..
Shares of Axis Bank traded under pressure in Friday’s session, slipping 1.79% to ₹1,269.50 around 1:14 pm IST. The banking stock declined ₹23.20 from its previous close as investors remained cautious amid weakness in the broader financial sector.
Read more here.
MS Dhoni has once again emerged as the highest individual taxpayer in Bihar and Jharkhand for FY26. Despite retiring from international cricket, the former India captain continues to generate massive earnings through the IPL, endorsements, startup investments and long-term brand partnerships.
Read more here.
Bajaj Auto Share Price Today: Shares of Bajaj Auto traded higher in Friday’s session, gaining over 1% amid positive momentum in auto counters. The stock was quoted at ₹10,755 around 12:17 p.m. IST, up ₹150 or 1.41% from the previous close of ₹10,605.
The counter opened at ₹10,625 and touched an intraday high of ₹10,785, while the day’s low stood at ₹10,540. Strong buying interest kept the stock in positive territory despite broader market volatility.
Read more here.
At 11:45 am, the Nifty 50 was falling 0.52% to 24,200.65 amid weakness in frontline stocks. Broader markets, however, showed resilience as smallcap and microcap indices stayed in positive territory. Investors remained cautious amid profit booking and mixed global cues during the session.
Indian equity markets traded weakly in mid-session trade on Friday, with benchmark indices falling by over half a per cent amid broad-based selling pressure.
At around 11:30 am IST, the BSE Sensex was down 445.13 points, or 0.57%, at 77,399.39, while the Nifty 50 slipped 128.80 points, or 0.53%, to 24,198.30.
Weak global cues, profit booking in heavyweight stocks and cautious investor sentiment kept markets under pressure through the session.
Shares of BSE Ltd fell nearly 2% despite the exchange reporting a 61% jump in Q4 profit and announcing a ₹10 dividend. Analysts believe profit booking after the stock’s sharp rally, along with valuation concerns and broader market volatility, may be weighing on investor sentiment.
Read more here.
KPIT Technologies faces a leadership transition after co-founder SB Ravi Pandit’s passing, with Kishor Patil expected to lead continuity, supported by a strong executive team and stable governance structure ensuring business momentum.
Read more here.
Shares of Lenskart were trading slightly higher during Block Deal Session 1 on Friday. The stock was quoted at ₹490 at around 10:36 am IST, up ₹2.25 or 0.46%. The counter witnessed mild buying interest during the session, with investors closely tracking activity in the stock amid broader market movements.
Read more here.
KPIT Technologies founder and chairman Ravi Pandit passed away in Pune on May 8, 2026. Known for building KPIT into a global mobility technology player, Pandit was regarded as one of India’s early pioneers in automotive software and engineering-led innovation.
Read more here.
Indian equity markets opened under pressure on Friday, May 8, tracking cautious global cues and continued profit booking at higher levels. The BSE Sensex slipped 412.39 points, or 0.53%, to trade at 77,432.13 at 9:37 am, while the NSE Nifty 50 fell 123.85 points, or 0.51%, to 24,202.80. The benchmark index touched an intraday high of 24,253.80 and a low of 24,158.15 in early trade as volatility persisted on Dalal Street.
Read more here.
Oil prices today: Crude oil prices rebounded sharply on May 8 after fresh Iran-US clashes in the Strait of Hormuz reignited fears of supply disruptions. Brent crude climbed above $101 per barrel, while WTI crude neared $97 as traders reacted to rising geopolitical tensions and uncertainty around global oil shipments.
Read more here.
Gold, Silver Prices Today: Gold and silver prices remained firm on May 8 as geopolitical tensions, inflation concerns and safe-haven buying continued to support bullion markets. Gold traded near ₹1.53 lakh per 10 grams in India, while silver prices crossed ₹2.70 lakh per kilogram amid strong global and domestic demand.
Read more here.
Indian stock markets may remain range-bound on Friday as persistent FII outflows, profit booking and global uncertainty keep investors cautious. While lower crude oil prices and a stronger rupee offer some support, traders will closely watch Nifty’s key 24,400 level for signs of a fresh breakout or continued consolidation.
Read more here.
Dalal Street is expected to witness stock-specific action on May 8 as investors track Q4 earnings, block deals and fresh order wins. SBI, Titan, Dabur, Swiggy, BSE, Cochin Shipyard and Lenskart are among the key stocks in focus amid continued FII selling, cautious sentiment and broader market resilience.
Read more here.
