Stock market afternoon trade: Nifty 50 at 24,172.85 down 0.63%, Sensex at 77,312.96 down 0.68%, PSU bank index falls 1.18%
The Indian stock market witnessed a downward trend in the afternoon session, with the Nifty 50 slipping to 24,172.85, marking a decline of 0.63% from its opening level. The Sensex also fell, trading at 77,312.96, a decrease of 0.68% from the open. Among sectoral indices, the Nifty PSU Bank index experienced the most significant drop, down 1.18% to 8,534.50.
Index movements
The Nifty 50 opened at 24,233.65 and reached a high of 24,253.80, while its lowest point was 24,138.40. The index showed volatility throughout the session, with notable fluctuations in its trajectory. The Sensex opened at 77,631.94, peaking at 77,647.44 and hitting a low of 77,243.04.
The Bank Nifty index also faced pressure, trading at 55,475.80, down 1.02% from its opening of 55,783.95. It recorded a high of 55,797.70 and a low of 55,368.50 during the session.
Sectoral performance
Sectoral indices displayed mixed performances. The Nifty IT index emerged as a gainer, rising by 0.98% to 29,328.75, after opening at 29,031.55. It reached a high of 29,398.55 and a low of 28,961.80. Conversely, the Nifty PSU Bank index led the decliners, dropping 1.18% to 8,534.50.
Other sectors such as Nifty Metal and Nifty Energy also saw declines, both down 0.88% from their respective opening levels. The Nifty FMCG and Nifty Pharma indices showed modest gains, up 0.16% and 0.14%, respectively.
Market breadth
The broader market indices reflected a negative sentiment. The Nifty 100 and Nifty 500 indices fell by 0.59% and 0.40%, respectively. The Nifty Midcap 100 index decreased slightly by 0.17% to 61,899.60, while the Nifty Midcap 50 showed a marginal decline of 0.07%.
| Index | Open | High | Low | Current | Change % |
|---|---|---|---|---|---|
| NIFTY 50 | 24,233.65 | 24,253.80 | 24,138.40 | 24,172.85 | -0.63% |
| SENSEX | 77,631.94 | 77,647.44 | 77,243.04 | 77,312.96 | -0.68% |
| INDIA VIX | 16.62 | 17.43 | 16.16 | 17.05 | +2.59% |
| NIFTY PSU BANK | 8,612.05 | 8,613.55 | 8,518.30 | 8,534.50 | -1.18% |
| BANK NIFTY | 55,783.95 | 55,797.70 | 55,368.50 | 55,475.80 | -1.02% |
| NIFTY IT | 29,031.55 | 29,398.55 | 28,961.80 | 29,328.75 | +0.98% |
| NIFTY ENERGY | 41,091.50 | 41,133.10 | 40,695.50 | 40,779.75 | -0.88% |
| NIFTY METAL | 13,156.00 | 13,167.15 | 13,037.10 | 13,048.90 | -0.88% |
| NIFTY 100 | 25,235.70 | 25,247.15 | 25,133.95 | 25,170.35 | -0.59% |
| NIFTY 500 | 23,166.05 | 23,185.65 | 23,080.30 | 23,121.15 | -0.40% |
| NIFTY REALTY | 827.35 | 828.10 | 820.20 | 825.30 | -0.27% |
| NIFTY MEDIA | 1,467.90 | 1,481.65 | 1,465.65 | 1,475.15 | +0.20% |
| NIFTY AUTO | 27,244.80 | 27,392.15 | 27,082.60 | 27,290.25 | -0.18% |
| NIFTY MIDCAP 100 | 62,039.15 | 62,113.85 | 61,766.35 | 61,899.60 | -0.17% |
| NIFTY FMCG | 51,107.55 | 51,261.20 | 50,756.85 | 51,152.00 | +0.16% |
| NIFTY PHARMA | 24,043.45 | 24,306.75 | 24,030.65 | 24,169.75 | +0.14% |
| NIFTY MIDCAP 50 | 17,636.55 | 17,686.30 | 17,555.45 | 17,629.05 | +0.07% |
Market outlook
As the trading session progresses, investors are closely monitoring the market for any signs of recovery or further declines. The focus remains on sectoral performances and broader market trends, which will be crucial in determining the direction of the indices in the coming days.
Data as on May 8, 2026, 02:00 PM IST.
Disclaimer: This article is generated for informational purposes only and does not constitute financial, investment, or trading advice. The data and analysis presented are based on publicly available market information at the time of writing. Markets are subject to risk. Please consult a qualified financial advisor before making any investment or trading decisions. Business Upturn does not accept responsibility for any losses arising from reliance on this content.
Comments are closed.