Sensex Nifty Updates May 8: Nifty Bank Drops Over 1% as Financial Stocks Drag Broader Markets Lower
5paisa Capital Ltd
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Last Updated: 8th May 2026 - 04:31 pm
Indian markets closed lower as banking and financial stocks witnessed heavy selling pressure, dragging the Sensex down 0.66% and the Nifty 50 lower by 0.62%. SBI emerged as the top loser, while defensive names like Titan Company and Apollo Hospitals gained. Global sentiment remained weak with Asian and European markets trading mostly lower. Meanwhile, U.S. markets had ended in the red in the previous session, reflecting cautious investor sentiment amid broader macroeconomic uncertainties and rising volatility.
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Stock Market Highlights, May 8
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Domestic Indices End Lower: Indian benchmarks closed in the red, with the Sensex declining 0.66% to 77,328.19 and the Nifty 50 falling 0.62% to 24,176.15. Banking stocks dragged the indices lower, led by SBI’s sharp decline, while Titan Company and Apollo Hospitals supported defensive buying.
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Global Cues Weak: Asian markets ended mostly lower, with Hang Seng and Shanghai Composite posting notable declines, while Japan’s Nikkei remained largely flat. European markets traded weak at mid-session, as DAX, CAC 40, and STOXX 50 slipped amid cautious investor sentiment and broader risk aversion.
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Wall Street Recap: In the previous session, U.S. markets ended lower, with the Dow Jones falling 0.63%, the S&P 500 declining 0.38%, and the NASDAQ slipping 0.13%. Investor sentiment remained cautious amid profit booking and uncertainty surrounding global economic and interest rate outlooks.
Stay informed with our in-depth look at what’s driving the stock market tomorrow.
Top Gainers
| Company | Gain |
| Titan Company | 4.68% |
| Apollo Hospital | 3.32% |
| Asian Paints | 2.74% |
| TATA Cons. Prod | 2.13% |
| Adani Ports | 1.59% |
Top Losers
| Company | Loss |
| SBI | -6.66% |
| Coal India | -2.20% |
| HDFC Bank | -1.91% |
| Axis Bank | -1.89% |
| Bajaj Finance | -1.79% |
Indian Market Cues
| Index | Value | Change (%) |
|---|---|---|
| Gift Nifty | 24,222.50 | -0.28% |
| Nifty 50 | 24,176.15 | -0.62% |
| Nifty Bank | 55,310.55 | -1.31% |
| SENSEX | 77,328.19 | -0.66% |
India VIX
| Volatility Index | Value | Change (%) |
| India VIX | 16.84 | 1.32% |
Asian Markets
| Index | Value | Change (%) |
| Nikkei | 62,713 | -0.19% |
| Hang Seng | 26,393 | -0.87% |
| Shanghai Composite | 4,794 | -0.34% |
European Market Mid-Session Update
| Index | Value | Change (%) |
| FTSE 100 | 10,263 | -0.14% |
| DAX | 24,468 | -0.79% |
| CAC 40 | 8,139 | -0.77% |
| STOXX 50 | 5,926 | -0.78% |
U.S. Markets Live Today
| Index | Value | Change (%) |
|---|---|---|
| Dow Jones | 49,596.97 | -0.63% |
| NASDAQ | 25,806.20 | -0.13% |
| S&P 500 | 7,337.11 | -0.38% |
*As of 15:45 IST
This content is for informational purposes only and not investment advice. Please do your own research before making any financial decisions.
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