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Benchmarks linger near neutral lines in late trade
May-07-2026

Benchmarks lingered near the neutral lines with positive bias in late afternoon trade. Investor sentiment remained optimistic with Brent crude oil prices retreating to trade below $100 per barrel mark amid hopes of peace deal between US and Iran to end the war in West Asia. Some Support also came as rupee has strengthened by 21 paise to trade at 94.27 against the US dollar. However, persistent selling by foreign institutional investors (FIIs) has kept market participants on edge. FIIs have offloaded equities worth Rs 5,834.90 crore on May 6, 2025.  On the global front, all Asian equity markets were trading higher tracking positive cues from Wall Street overnight. However, European equity markets were trading mostly in red after eurozone retail sales volumes declined by 0.1% month-over-month in March 2026.

The BSE Sensex is currently trading at 77971.61, up by 13.09 points or 0.02% after trading in a range of 77713.21 and 78384.70. There were 13 stocks advancing against 17 stocks declining on the index.

The top gaining sectoral indices on the BSE were Capital Goods up by 2.03%, Auto up by 1.93%, Industrials up by 1.69%, Power up by 1.24% and Consumer Discretionary up by 1.08%, while Consumer Durables down by 0.49%, TECK down by 0.43%, IT down by 0.39%, FMCG down by 0.38% and Energy down by 0.04% were the losing indices on BSE.

The top gainers on the Sensex were Mahindra & Mahindra up by 2.47%, NTPC up by 1.04%, Kotak Mahindra Bank up by 1.02%, Eternal up by 0.82% and Tata Steel up by 0.74%. On the flip side, Hindustan Unilever down by 1.73%, TCS down by 1.27%, Titan Company down by 1.13%, Tech Mahindra down by 1.10% and Sun Pharmaceutical Industries down by 0.96% were the top losers.

Meanwhile, Commerce ministry in its latest data has showed that India’s goods and services exports rose to an all-time high of $863.11 billion in the financial year 2025-26 (FY26), up from $825.26 billion in the previous year, registering a growth of 4.59 per cent, despite uncertainties triggered by geopolitical tensions. On the merchandise front, exports grew modestly from $437.70 billion in FY25 to $441.78 billion in FY26, a growth of 0.93 per cent. 

Despite significant global economic headwinds and trade disruptions, India's merchandise exports maintained its upward trajectory, contributing significantly to the total export basket. However, the standout performer remains services exports, which surged to a historic $421.32 billion in FY26, as compared to $387.55 billion in FY25, a robust growth of 8.71 per cent.

This sharp rise underscores the expanding global demand for services such as IT, business solutions, and professional expertise, reinforcing the country's strength in the services 

The CNX Nifty is currently trading at 24351.95, up by 21.00 points or 0.09% after trading in a range of 24284.00 and 24482.10. There were 25 stocks advancing against 25 stocks declining on the index.

The top gainers on Nifty were HDFC Life Insurance up by 3.10%, Bajaj Auto up by 2.69%, Mahindra & Mahindra up by 2.48%, Grasim Industries up by 1.60% and Shriram Finance up by 1.17%. On the flip side, Hindustan Unilever down by 1.72%, TCS down by 1.28%, Titan Company down by 1.14%, Coal India down by 1.14% and Tech Mahindra down by 1.10% were the top losers.

All Asian equity markets were trading higher; Nikkei 225 surged 3550.88 points or 5.63% to 63,064.00, Taiwan Weighted added 794.93 points or 1.9% to 41,933.78, Hang Seng advanced 428.22 points or 1.61% to 26,642.00, Jakarta Composite gained 70.56 points or 0.99% to 7,163.03, Shanghai Composite strengthened 19.92 points or 0.48% to 4,180.09, Straits Times rose 19.62 points or 0.4% to 4,947.00 and KOSPI increased 105.49 points or 1.41% to 7,490.05.

European equity markets were trading mostly in red; UK’s FTSE 100 decreased 69.73 points or 0.67% to 10,368.93 and Germany’s DAX lost 72.79 points or 0.29% to 24,845.90, while France’s CAC rose 2.18 points or 0.03% to 8,301.60.
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