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Equity markets stayed connected the backmost ft for the 2nd time connected Friday (May 8, 2026) arsenic caller geopolitical tensions successful West Asia revived concerns implicit vigor supplies and weighed heavy connected capitalist sentiment.
Foreign money outflows and a anemic inclination successful planetary markets further added to the bearish trend.
The 30-share BSE Sensex tanked 516.33 points, oregon 0.66%, to settee astatine 77,328.19. During the session, it tumbled 698.09 points, oregon 0.89%, to 77,146.43.
The 50-share NSE Nifty dropped 150.50 points, oregon 0.62%, to extremity astatine 24,176.15.
From the Sensex pack, State Bank of India tanked 6.62% aft its March 4th earnings.
HDFC Bank, Bajaj Finance, Axis Bank, UltraTech Cement and Mahindra & Mahindra were besides among the laggards.
However, Titan jumped 4.76% aft the starring jewellery and watchmaker reported a 35.36% summation successful its consolidated nett net to ₹1,179 crore for the March 4th of FY26.
Asian Paints, Adani Ports, Infosys and HCL Tech settled successful the affirmative territory.
Brent crude, the planetary lipid benchmark, traded astir $100 per barrel.
"Markets witnessed a risk-off league pursuing caller U.S.-Iran subject enactment adjacent the Strait of Hormuz, which weakened ceasefire hopes and triggered nett booking. However, stableness successful crude lipid prices astir $100 per tube and benign U.S. 10-year yields proceed to supply enactment to the broader sentiment and the rupee," Vinod Nair, Head of Research, Geojit Investments Limited, said.
Though the roadworthy up is somewhat bumpy, optimism astir a imaginable diplomatic solution persists, helium added.
In Asian markets, South Korea's benchmark Kospi ended marginally higher, portion Japan's benchmark Nikkei 225 index, Shanghai's SSE Composite scale and Hong Kong's Hang Seng scale settled lower.
Markets successful Europe were trading successful antagonistic territory.
U.S. markets ended little connected Thursday (May 7).
Foreign Institutional Investors (FIIs) offloaded equities worthy ₹340.89 crore connected Thursday (May 7), according to speech data.
In the erstwhile session, Sensex ended 114 points little astatine 77,844.52. The Nifty dipped 4.30 points to extremity astatine 24,326.65.
