Stock Market Live Highlights: Sensex Slips 120 Points While Nifty Holds 24,300 Mark; Defence Stocks Charge Ahead Amid Volatility

• Benchmark Indices: Sensex fell 114 points (0.15%) to 77,844.52, while Nifty slipped 4.30 points (0.02%) to 24,326.65.
• Market Tone: Indian equities ended on a subdued note amid volatility, with Nifty hovering around the 24,330 mark.
• Top Gainers (Nifty): HDFC Life Insurance, Bajaj Auto, Mahindra & Mahindra, Grasim Industries, NTPC.
• Top Laggards (Nifty): Tech Mahindra, Hindustan Unilever, Titan Company, TCS, ITC.
• Broader Markets: Nifty Midcap rose 1.1%, while Smallcap gained 0.9%, outperforming benchmarks.
• Sectoral Trends – Buying: Auto, Defence, Media, Metal stocks saw strong buying interest.
• Sectoral Trends – Selling: FMCG, IT, PSU Bank, Consumer Durables faced selling pressure.

(This Live Blog is closed now, see you guys tomorrow! Stay tuned for new updates)

The Indian rupee extended its winning streak on Thursday, gaining 39 paise to trade at 94.22 against the US dollar. The domestic currency had settled at 94.61 in the previous session, with improved market sentiment and softer dollar movement supporting the recovery in the rupee.

Despite an unsteady stock market, the Bagmane REIT IPO stood apart from the crowd on Monday like a square foot of prime Bengaluru office space does for a tech major. The issue was subscribed 2.23 times overall by the close of May 6 evening, with non-institutional investors leading the way at 3.83 times.

Read More: Bagmane IPO GMP In Focus at Rs 4.5; Check Latest Subscription, Listing Price and Allotment Details…

• The benchmark indices traded largely flat amid volatile market conditions on Thursday afternoon.
• The Sensex was up 76.59 points or 0.10% at 78,035.11.
• The Nifty gained 35.05 points or 0.14% to trade at 24,365.
• Investors remained cautious amid mixed global cues and stock-specific movements.

Global energy commodities traded under pressure, with crude oil and Brent extending losses to fall more than 2% each. Natural gas, petrol and heating oil also fell, while coal and ethanol edged down slightly. Urals oil fell the most, by more than 12%, with a broad weakness across the energy complex, despite mixed annual gains.

Indian equity markets opened positive with broad-based buying across segments. Mid-cap and micro-cap indices outperformed while Nifty 50 and Nifty 100 saw modest gains amid steady investor participation and overall sentiment.

Valued at around $200 million, Pronto is a fast-growing house-help app founded by 23-year-old Anjali Sardana. Launched in 2025, it connects users with domestic workers within minutes across Indian cities. Backed by investors, the startup is rapidly scaling, making Sardana a rising name in India’s startup ecosystem.

Read more here.

The Indian rupee fell to 94.71 against the US dollar amid global uncertainty, US-Iran tensions and volatile crude oil prices. The currency pressure can directly impact inflation, overseas travel, education costs and savings, making everyday expenses and imports pricier for households and investors alike.

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YES Bank shares remained on investors’ radar after the lender reported a 45% jump in Q4FY26 net profit to ₹1,068 crore, supported by improving asset quality and stronger earnings.

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Polycab India shares jumped over 6% after the company posted record Q4 FY26 revenue and profit. Strong demand from infrastructure, housing and power sectors boosted sentiment, while brokerages including Citi, Jefferies and Motilal Oswal raised target prices, turning more bullish on the stock’s growth outlook.

Read more here.

Anjali Sardana-led quick home services startup Pronto has raised an additional $20 million from investor Lachy Groom, taking its total Series B funding to $45 million. The latest round has doubled the startup’s valuation to $200 million within two months as Pronto scales operations, workforce and city expansion across India.

Read more here.

The Indian rupee opened 0.13% lower at 94.7350 against the US dollar on Thursday, compared to its previous close of 94.61.

Indian markets may see a cautious start on May 7 after Wednesday’s sharp rally lifted the Sensex by 940 points and the Nifty above 24,300. Investors will closely monitor GIFT Nifty trends, crude oil prices, global market cues and key Q4 earnings from companies including Britannia, BSE, Lupin and Bharat Forge.

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Indian markets are expected to witness stock-specific action on May 7 amid a packed Q4 earnings calendar and key corporate developments. Stocks including Bajaj Auto, Paytm, PB Fintech, BSE, Lupin, Dabur, Bharat Forge and Pidilite will remain in focus as investors track earnings growth, margins, demand trends and management commentary.

Read more here.

Gold and silver prices traded firm on May 7, 2026, with bullion staying near record highs amid strong global cues and safe-haven demand. MCX gold hovered above ₹1.52 lakh per 10 grams, while silver surged nearly 4%. Investors are closely tracking geopolitical developments, dollar movement, and global commodity trends.

Read more here.