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EQUITY
Post Session: Quick Review
May-07-2026

Indian equity benchmarks witnessed a volatile trading session on Thursday and ended marginally lower amid investors closely monitored reports suggesting that the U.S. and Iran may be nearing a deal to end their conflict. After a cautious opening, indices traded near the neutral lines. In the afternoon session, markets witnessed a sharp rebound, but failed to sustain gains and eventually settled slightly lower.

Some of the important factors in trade:

Ongoing FIIs outflows: Investors turned cautious amid unabated foreign fund outflows. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,834.90 crore on Wednesday, according to exchange data.

India's growth to moderate to 6.6% in FY27: Some concern also came as S&P Global in its latest ‘India Forward’ report, jointly done with Crisil, has lowered India's Gross Domestic Product (GDP) growth estimates for the current financial year (FY27) to 6.6 per cent from 7.1 per cent projected earlier.  

Goods and services exports up 4.59% to $863.11 billion in FY26: Traders ignored the Commerce ministry’s latest data showing 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 global front: European markets were trading in red after eurozone retail sales volumes declined by 0.1% month-over-month in March 2026. Asian markets closed higher tracking positive cues from Wall Street overnight.

The BSE Sensex ended at 77844.52, down by 114.00 points or 0.15% after trading in a range of 77713.21 and 78384.70. There were 11 stocks advancing against 19 stocks declining on the index. (Provisional)

The top gaining sectoral indices on the BSE were Capital Goods up by 2.05%, Auto up by 1.81%, Industrials up by 1.69%, Power up by 1.23% and Consumer discretionary up by 0.98% while, TECK down by 0.60%, IT down by 0.56%, Consumer Durables down by 0.52%, FMCG down by 0.45% and Oil & Gas down by 0.16% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Mahindra & Mahindra up by 2.04%, NTPC up by 1.33%, Kotak Mahindra Bank up by 1.18%, Tata Steel up by 0.70% and Asian Paints up by 0.61%. On the flip side, Hindustan Unilever down by 1.90%, TCS down by 1.38%, Tech Mahindra down by 1.29%, Titan Company down by 1.08% and Sun Pharma down by 1.03% were the top losers. (Provisional)

Meanwhile, ministry of Steel in its latest release has said that India’s steel sector maintained its growth momentum in April 2026, driven by strong domestic demand and stable industrial activity in infrastructure and manufacturing, with production and consumption showing healthy year-on-year gains. Besides, domestic steel prices extended their recovery in April 2026 across all major product categories.

Crude steel production rose 5.8% year-on-year (YoY) to 14.09 million tonnes in April 2026, as compared to 13.31 million tonnes in April 2025. Hot metal production grew 5.4% YoY, while pig iron output posted a decline of 6% YoY. Beside, finished steel production reached 13.05 million tonnes, up 3.4% YoY. Finished steel consumption in April 2026 was 12.99 million tonnes, registering growth of 8.1% YoY reflecting continued buoyancy in construction, infrastructure, and manufacturing end-use segments.

On the trade front, imports stood at 0.68 million tonnes and exports at 0.47 million tonnes, making India a marginal net importer during the month. Compared to April 2025 imports of 0.52 million tonnes and exports of 0.38 million tonnes, a growth of 30.8% and 24.9% was registered in imports & exports respectively in April 2026.

The CNX Nifty ended at 24326.65, down by 4.30 points or 0.02% after trading in a range of 24284.00 and 24482.10. There were 22 stocks advancing against 28 stocks declining on the index. (Provisional)

The top gainers on Nifty were HDFC Life Insurance up by 3.14%, Bajaj Auto up by 2.77%, Mahindra & Mahindra up by 2.12%, Grasim Industries up by 1.57% and NTPC up by 1.39%. On the flip side, Hindustan Unilever down by 1.94%, TCS down by 1.40%, Tech Mahindra down by 1.26%, Titan Company down by 1.20% and ITC down by 1.06% were the top losers. (Provisional)

European markets were trading lower; UK’s FTSE 100 decreased 71.51 points or 0.69% to 10,367.15, Germany’s DAX lost 87.89 points or 0.35% to 24,830.80 and France’s CAC fell 4.52 points or 0.05% to 8,294.90.

Asian markets settled higher on Thursday following the drop in Brent crude to trade below the $100 a barrel mark after US President Donald Trump indicated a possible peace deal between United States and Iran. Meanwhile, overnight gains on Wall Street, where the S&P 500 and Nasdaq Composite reached fresh record highs driven by strong corporate performance in the technology sector further supported market sentiments. Japan’s Nikkei 225 index surged to new all-time high driven by a post-holiday catch-up with the global AI and technology rallies. Kospi closed at a new record peak driven by robust AI chip demand after South Korea’s first-quarter exports hit a record high, with chip shipments soaring 139% year-on-year. South Korea’s stock market has officially surpassed Canada to become the world’s seventh-largest, with the total market capitalization of Korean-listed companies soaring to $4.59 trillion.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

4,180.09

19.92

0.48

Hang Seng

26,626.28

412.50

1.57

Jakarta Composite

7,174.32

81.85

1.14

KLSE Composite

1,758.85

1.98

0.11

Nikkei 225

62,833.84

3,320.72

5.58

Straits Times

4,941.96

14.58

0.30

KOSPI Composite

7,490.05

105.49

1.43

Taiwan Weighted

41,933.78

794.93

1.93
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