Sensex & Nifty Live Updates May 6: Indian Markets Close Lower Amid Mixed Global Cues

Indian equity markets ended lower today, with the Sensex slipping 0.19% to 80,641.07 and the Nifty declining 0.33% to 24,379.60. The domestic market faced pressure from weak global cues, with US futures trading lower, while key Asian indices showed positive movements.

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Stock Market Highlights, May 6:

• Benchmarks End in Red: The Indian stock market closed lower, with the Nifty 50 slipping 0.33% to 24,379.60 and the Sensex down 0.19% at 80,641.07. Weak cues from US futures and rupee softness may have weighed on sentiment.
• Mixed Sectoral Action: Hero Motocorp led the gainers with a 2.79% jump, followed by Bharti Airtel, Tata Steel, M&M, and HUL. On the flip side, Adani Enterprises and Jio Financial saw steep declines of over 3%.
• Commodities & Global Mood: Gold prices soared sharply, while silver edged lower. Asian markets remained firm, but weak US futures and European markets indicate potential volatility ahead, keeping investors cautious.
   

Top Gainers:

Top Losers:

Indian Market Closing Cues:

Asian Markets: 

European Market Mid-Session Update:

US Markets Live Today

*As of 15:38 IST

Gold Price Today

Gold prices today have witnessed a huge jump, with both 22K and 24K gold up by ₹250 and ₹274 per gram. 22K gold is currently priced at  ₹9,025 per gram and 24K gold is at ₹9,846 per gram.

Silver Price Today

Silver prices today have declined slightly today, reaching ₹96.90 per gram. 

Sensex & Nifty: Afternoon Update:

*As of 12:17 IST

Key Factors Impacting INR Today:

• Mild Weakness in Rupee: The Indian Rupee is trading softer against the US Dollar, with USD/INR rising 0.28% to 84.46, indicating subdued domestic currency momentum.
• Dollar Index Slightly Down: A marginal dip in the Dollar Index (-0.06% to 99.74) suggests limited strength in the greenback globally, which may help cushion further downside in INR.
• Broader Currency Movements: Gains in EUR/INR (+0.29%), GBP/INR (+0.31%), and JPY/INR (+0.14%) reflect a relatively mixed sentiment in the forex market, with INR facing modest pressure across key currency pairs.
   

Currency Market Overview:

*As of 12:17 IST

Stock in News Today:

Here are the top stocks to watch today following their latest earnings and business updates.

Indian Hotels

The Indian Hotels Company Ltd. (IHCL) reported a 25% year-on-year rise in its consolidated net profit for the fourth quarter of FY25, coming in at ₹522 crore, up from ₹418 crore in the same period last year.

Paras Defence

Paras Defence and Space Technologies signed a Memorandum of Understanding (MoU) on May 5, 2025, with Israeli firm Hevendrones Ltd. The collaboration aims to unlock new business opportunities in the defence sector, both within India and internationally.

Ircon International

Ircon has received a contract worth ₹187.08 crore from Kerala State IT Infrastructure Ltd. The project involves the development of a Dedicated Rural Industrial Park in Thiruvananthapuram.

Coforge

IT services provider Coforge posted a 16.5% growth in consolidated net profit, reaching ₹261 crore for the March quarter. The company also saw a 47% jump in revenue from operations, which stood at ₹3,410 crore compared to ₹2,318 crore in Q4FY24.

Glenmark Pharma

Glenmark Pharmaceuticals announced that its innovation arm, Ichnos Glenmark Innovation (IGI), has received Fast Track designation from the US FDA for ISB 2001, a novel therapeutic candidate for treating multiple myeloma.

Stock Market Outlook for Today:

• Muted Opening Likely: Gift Nifty is trading slightly lower at 24,535.5 (-0.25%), indicating a possible soft start for domestic equities despite the previous session's gains in Nifty and Sensex.
• Mixed Global Signals: While US markets closed in the red (Dow -0.24%, Nasdaq -0.74%), Asian markets are showing strength with gains in Nikkei (+1.04%), Hang Seng (+0.70%), and Shanghai Composite (+0.94%), offering a balanced global setup.
• Market Positioning & Institutional Flows: Nifty and Bank Nifty PCRs remain below 1, suggesting limited bullish positioning, but strong institutional buying—especially by DIIs (₹2,788.7 crore)—may lend support on dips.
   

Indian Stock Market Recap: May 5

Indian stock markets mildly higher in the latest session, extending gains across benchmark indices. The Nifty 50 rose by 0.47% to close at 24,461.15, while the Sensex advanced 0.37% to settle at 80,796.84.

Indian Market Cues:

Global Market Cues (US Indices):

Asian Markets: 

Crude Oil Prices:

Bond Yields:

FII/DII Activity:

Foreign Institutional Investors (FIIs) Net Buy/Sell : 497.8
Domestic Institutional Investors (DIIs) Net Buy/Sell : 2788.7

*As of 09:23 IST
 
This content is for informational purposes only and not investment advice. Please do your own research before making any financial decisions.